Archive for February, 2010

Feb
27

Find Your Next Piece of Land In A Desert Oasis

Posted under Uncategorized

Imagine a beautiful desert oasis, where you’re completely surrounded by sand, palm trees and cacti. If this sounds like your dream home then why not look into obtaining Arizona ranch land for sale? There are a lot of people that are completely oblivious to all of the features that Arizona has to offer.

Not only can you obtain Prescott Arizona land for sale at an extremely reasonable rate, the land is unlike anything that you have ever feasted your eyes upon. In fact, statistics have shown that there are more people that are opting to move from their present place of residence to Arizona in order to take advantage of the 300 days of sunlight and the rich land that is available for the taking.

Northern Arizona land for sale will actually put you right in the middle of all four seasons. Contrary to belief, northern Arizona does receive snow and it does experience all four seasons. Inadvertently, the amount of snow that you can expect to receive in northern Arizona will still be progressively less than the amount of snow that you can expect to obtain in Northern states.

Feb
25

Buy to Let Rental Property

Posted under Renting 1

Buy to Let Rental Property

Condotel Investments in the Philippines, Buy to Let rental properties are now being preferred to failing Pension Plans as more and more Filipinos and Overseas Property Investors look to the future and retirement.

20 Dollars a day for 6 years will buy you a Studio Condotel unit in the Philippines with a projected ROI through rentals of some 500 dollars per month after 3 years. With preconstruction property appreciating at some 20-30%PRCTG% per annum not only does the Real Estate Appreciation look good but the rental income is in excess of what many Pension Plans offer for the same or similar investment.

With many Overseas Filipinos and Offshore Property Investors looking to start saving for retirement, the Philippines with its comparative low cost of real estate yet high rates of Hotel Accommodations, make the Condotel investment an extremely attractive investment proposition.

Beth Collingz, International Marketing Director for PLC Global, a company specializing in Condo Hotel Sales and Investments in the Philippines for the Lancaster Brand of Condotels, said that many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in Real Estate.

Feb
18

Renting ? Making Other People Rich

Posted under Renting 1

Renting ? Making Other People Rich

Many renters say they prefer to rent because it is simple and doesn?t carry the stress of home ownership. In truth, they are simply making other people rich.

Equity

What if I told you that if you purchased a home, you wouldn?t have to make any monthly payments on it? On top of this, I?d promise you that when the house was sold, you would get to keep all of the equity gain in the home. Sound like a pipe dream? This is exactly what renters are doing for their landlords.

Regardless of how you break down a renting versus homeownership argument, there is one universal fact. If you rent, you are building equity for your landlord. Let?s take a look at a simple example.

Assume you rent a unit in a duplex and pay %1,000 a month for it. Assume further that you live in the unit for three years. During this period, you will have paid your landlord a total of %36,000. You can further assume that your landlord?s mortgage payment was less than %36,000 or he would raise your month payment. The end all effect of this situation is you have paid his mortgage for three years. Think about that for a minute.

Feb
11

Apartment for Rent ? When Is It Better to Rent Instead of Buy?

Posted under Renting 1

Apartment for Rent ? When Is It Better to Rent Instead of Buy?

It was 5:00 PM and time for Susan to call it quits for the day. While signing off the computer, a last-minute check of the traffic reports revealed that the roads were backed up again. Susan drove home against the commute feeling her daily rush of sympathy for all those on the other side of the road stopped in traffic.

Ten minutes later, she drove past a golf course and pulled into home. The flowers were especially lovely this month and the fountain sparkled as it reflected the brilliant colors of the foliage. She drove past the landscaped grounds, pool and through the security gates that swung open with her security access.

What would it be tonight, a cardio work-out? No, she?d invited Steve over for some tennis. After a pleasant game, they?d head back to her place, fix dinner in her gourmet kitchen and eat on the balcony at tree level while the evening breeze rustled the nearby leaves. To wind down, they?d take a dip in one of the pools and relax in the Jacuzzi in the evening air. Maybe tomorrow night they could hit a few balls at the nearby course or check out one of the nearby art galleries.

Feb
06

Real Estate Rentals - Selling For More

Posted under Renting 1

Real Estate Rentals - Selling For More

Selling real estate rentals isn’t like selling houses. You can paint a house, and get a little more because it looks nice. Rental properties, especially larger ones, are different, because they’re bought by investors, who look at income more than new paint. Raise the income, and you increase value to investors.

Time to learn about capitalization rates. If investors in your area expect a capitalization rate of .08 it means they want a net return (before loan payments and taxes) of 8%PRCTG% on the purchase price. So if your three-plex generates %12,000 net income annually, they’ll value it around %150,000 (%12,000 divided by .08). If you can make it generate %16,000, you make it worth %200,000.

More Income From Real Estate Rentals

Raising rents is the obvious way to boost income, if you can justify it. See what similar units are renting for. If your units are %60 below the going rate, you can raise the rents and not lose your renters. Increasing the rent %60 for three apartments means %2160 more net income annually. With a .08 cap rate, you just added %27,000 to the value of your property.