REIA Holds a Free Workshop
The National Institute Real Estate is about to hold a free workshop that will bring a change in the way realty investors do their business. The aim to make sure that real estate investors never burn a hole in their pocket and flip short sales.
The one of its kind event will allow others to meet someone - Shane Nichelson - who is a master at making such deals. The event will discuss topics like
- Working with Land Trust
- Using them in Michgan
- Using Flip Short Sales
- Collecting fees on deals
- Using more money for less transactions
- Collecting wholesale fees inspite of the fact that buyer is taking a loan.
These are just some of the topics that are going to be discussed at the grand meeting. One of the most important part of being a successful dealer is building a powerful, influential and productive team. Integrity is rare these days but important.
Avenue
Tuesday, December 4, 2007
6:00 p.m. – 9:00 p.m.
Holiday Resort (former Holiday Inn)
8000 Merriman Road26555 Telegraph Road
Contact
Uvi Mehta/Ralph Maupin
1-248-762-0800
info@megaeveningevent.com
For further information on the topic please visit - http://www.emailwire.com
Home Transaction Fees To Fall
One of the major drawbacks of property dealing is high home transaction fees that involve eScrow. Recently it was announced that they would be charging a flat fees of $999 for their services. Now this came as a surprise but considering the fact that the market was going slow seemed appropriate. Lanser of the freedomblogging.com took a quick interview revealing some important facts and answering some good questions.
In the interview that followed they said that they have decided to
keep the deal a long term. services are offered by the title company at a low flat rate if the title is purchased. Not a discounted bundle like real. They also said that they are facing stiff competition from others in the business who have reduced their prices considerably to survive the fall. But the costs have also reduced, thanks to technology like email facilities.
In a market like realty things happen fast and technology play an important role. Online transactions have increased and we are very close to paper less world now. On asked about what will it take to reduce the fees considerably for selling / buying / renting homes, Rob said The education of the consumer to inform them they have the legal right to select these services and that real estate agents and brokerages are required to provide buyers and sellers with a choice of the best services and pricing. Consumers need to learn that they can have access to this by asking one simple question. Here are three variations:
1. I am interested in both service and saving money. I want you (the agent) to give me choices to include the lowest cost alternatives in writing.
2. I understand that many brokers encourage their agents to offer in-house services for good reasons. I am willing to look at these, but I also want to look at outside INDEPENDENT services that can provide savings in writing
3. Are you sure you have included closing service companies that offer the lowest costs? I want that in writing from you please.
Save Taxes in U.K - Create an Offshore Company Within 24 Hours
With the increase in tax liabilities and ever increasing burden, offshore company formation has come to the rescue of many businessmen as well as those who are not self employed, offshore company formation can reduce your tax liabilities of your U.K based business. It provides you tax exemption, anonymity, protects your assets and limited liability. What else can you ask for possibly.
For those of you who still haven’t taken the benefit of offshore company formation here are some basic points. First thing and that is that it is completely legal. Its much more easy when you create a company outside your own country and manage everything through it. But it may not be so easy as it sounds. Being in the jurisdiction outside of ones own country, you must sure that you have signed proper papers and understood every every minor detail regarding the country where you are going to establish your offshore firm.
But offshore company formations are still a complex issue and many fear against it and continue to pay a major portion of their earnings to the taxman. But fortunately with the demand for offshore companies on the rise, a lot of companies have started offering these services for a nominal fee. They take care of everything from forming of the company to signing of the memorandum /article of association and other important documents.
Many multinational companies are choosing this easy and versatile opportunity and none of them have ever faced any trouble of any kind. No one knows where your company is established or what its name is. There demand in future is only going to increase. As it is said “Money you save is money you earn”
Raising $375 Million Real Estate Fund - Trikona Capital
New York based Indian global company - Trikona Capital - is planning to raise a whopping $375 million for real estate funding as reported by Mint Ashish Kalra - managing director and co-founder - said that the funds would be raised by invitation only method and the minimum ticket would be $25 crore. the said project is said to be launched in december and investment would be made in residential and commercial properties.
TheTrikona project would be larger than the recent Kotak’s Realty of Rs. 1200 crore. Their plans dosent ends here. They are also planning on a $1 billion infrastructure fund. They plan to invest more than $10 billion in Indian Real estate over the next 10 years time frame.
You can have a look at the Trikona portfolio here
Purchasing a Foreclosure Property ?? Think again
Considering the way the property market is moving it might be a good idea to invest in foreclosed properties but it can be a risky deal as well. Before you take any steps and invest your hard earned $$ in such properties it might be a good idea to read the great article from real estate guide on things to know before you buy foreclosed property
There are different stages of foreclosures. The first stage where the owner is notified by the authorities that their home may be foreclosed but the property remains intact. As it says buying at this stage can be tough and risky. The second stage is when the home is legally on auction which is again risky because their maybe unknown liens and/or repairs/expenses on the title. And you have to make the payments in cash. The third stage is post foreclosure where the home is REO “real estate owned” property by lender or bank. At this point comes the real estate agents with whom we are so familiar with. If the home has been in the market for a while you can make a better deal cause they are looking to get rid of the property as fast as possible.
Some important tips from the article:
- Get full approval from the lender before entering negotiations to have better chances.
- To know if you are getting a good deal or not you have to one thing in priority and that is research.
- You can always ask the bank to pay for things such as repairs, closing costs etc.
Source: Zillow Blog
