Real Estate Networks

The happy day has come and little Jonny or Jenny is ready to leave the washing machine and food service that is home in favour of life in the real world… ok University first for 3 or 4 years, then the real world. Thousands of young adults head off to higher education each year for an experience that can cost their parents an absolute fortune. (To sound a little older than I really am) Back in my day, we got a University Grant to pay for our accommodation on and off campus, our books and some money in the bank for expenses like… er… paper and pens and other essential things that all students spend their money on (stop the laughing in the back). Today of course there are student loans which mean graduates leaving University enter the ‘real world’ with the albatross of debt already firmly fixed around their necks.

Buying a home for your kids when they head off to university may sound a little drastic, but there are some very convincing financial arguments to persuade you that it is something to seriously consider.

Buying a property in the right location within your financial means is almost always a good investment. If it’s located close to a University campus you will have a steady flow of potential tenants on your doorstep to produce an income. Because you selected the property and ensured that it was safe and sound you can sleep easier knowing your kin are not in some rat infested death trap that they found the day before their semester stated. Buying a 3 bedroom house will enable you or them (given lender permission of course) to rent out the other two rooms to classmates to supplement the mortgage payments. Then when their time at Education High is finally over, you can either continue to rent the property and keep it as an investment or sell it and with a little good luck and judgment have made a profit over the three or four years that you’ve owned it. With this profit you could potentially see your kids leave University one step ahead of their peers, debt free and unburdened to launch into the real world.

OK, nothing comes with a guarantee, and you’ve all read the small print on any mortgage agreement or heard it on the TV in an advert for a lender telling you that property prices can go down as well as up. Whether you do or do not make a profit on a property is governed a little by your research and care when searching for the property, not over spending, and buying a home suitable for the purpose of housing students, but quite frankly it mostly depends on luck as nobody can truthfully tell which way the market will turn over a 3-4 year period, but for all the other reasons mentioned it is still well worth considering.

Another thing to consider is that buying the property jointly with your kids can also be a way of giving them valuable real world responsibilities. Give them the job of finding and choosing their tenants, dealing with estate agents or University administration, paying the mortgage and collecting the rent. They are young adults after all, they can handle it, and you are always there to lend a parenting hand if need be. There are some tax issues that you will need to investigate before doing any of this, and you should speak to an accountant about them, but all in all buying a University home for your kids seems like a good option.

Richard Cohn, Founding Director of sharedspaces.co.uk sharedspaces.co.uk, the UK’s co-buyer network. Join thousands already registered looking for someone to co-buy, co-invest or co-rent with.

Are you about to start investing in real estate? Or perhaps you’ve already put your toe in the water but want to learn more. Here is an overview of the factors you need to take a look at in order to project your potential return on an investment.

Purchase price - obviously, the amount of money you put out for the property is significant in determining your investment outcome.

The annual appreciation rate at which you expect the property’s value to increase.

How many years you expect to hold the property. Combined with the 2 figures above, this will enable you to estimate a future selling price.

Number of rental units, and rent you expect to receive from each unit.

Annual rate of rent appreciation.

Expected unoccupancy rate - it’s important to remember that tenants come and go, and will occasionally leave you with empty rental units. It’s best to plan that into your projection.

Any miscellaneous revenue you anticipate (laundry facilities, etc.), and the rate at which you expect those revenues to grow.

Property management fees. Even if you expect to manage the property yourself, it’s best to budget in an allowance for professional property management. First, this rewards you for the time and effort you invest. Second, it ensures that you are covered if for some unanticipated reason you need to turn the management over to a pro at some point in the future.

Last, but not least, you need to know your opportunity cost, something that big investors would call the ‘cost of capital’. For example, if you can earn 5% by keeping your money in the bank, you’re going to want a lot more than 5% for taking on the risk and time investments required by a rental property!

Annual operating expenses, and the rate at which you expect those expenses to increase over your term of ownership.

Property taxes and rate of annual increase.

Insurance and rate of annual increase. It’s critical to insure your substantial investment!

Any miscellaneous expenses, and rate of annual increase.

Depreciation expense. To determine this, you’ll need to estimate the building’s assessed value as a percent of the total purchase price.

Your annual capital investments in the property. You were planning to budget on capital improvements, weren’t you?

Downpayment - how much cash are you putting in upfront?

Bank fees - how many points do you expect to pay, and what closing fees do you expect to incur if you will putting a mortgage on the property?

What mortgage interest rate do you expect? And how long will the payback period be?

Now that you’ve got all the numbers laid out in front of you, you ‘just’ need to build a financial model which will allow you to project cash flow throughout your ownership term, and then use time value of money calculations to create a present value of those flows. Compare the present value of your future cash receipts against the amount of cash you will outlay upfront. If it’s greater, congratulations- you have positive Net Present Value, and this property looks attractive. If the result is negative, it’s a red flag– you need to take another look, because this may not be a good deal for you.

The obvious comment you might have is… “This all sounds awful hard! Aren’t there tools which can help me?”

The good news is that there are! In fact you can use an

Mortgage Lenders Network has been ordered by the Connecticut State Department of Housing to stop all its lending activities. It has suspended the lending license of the mortgage firm. Mortgage Lenders Network that holds itself as the nation’s top sub prime lending firm, is currently facing an investigation for not providing loans to the people with poor credit. The firm is also facing similar charges in other states of US.

Reacting to these charges, the firm has categorically agreed with the State government that it will stop all its lending activities in Connecticut till it is cleared of all the charges. James Heckman, spokesperson of the banking department, has clarified the press that this suspension makes the agreement with the company legal.

Christopher Capot, spokesperson of Mortgage Lenders Network, refused to make any statement on behalf of his company. The company, if found guilty, would have to shell out a large amount in the form of fines that would be imposed by various state governments. According to the company, increase in the number of defaulters and unsteady nature of the real estate market have been the prime reasons for the situation.

Mortgage Lenders, a privately owned firm, claims that its portfolio amounts to around $17.8 billion. The charges that have been placed on the firm by the Connecticut state include delay in the issuance of loan to the lenders, imposing high prepaid finance charges more than the legal limit and keeping the customers in darkness without providing them the relevant information. The other states that have charged Mortgage Lenders are Massachusetts, Rhode Island, Michigan, Maine, Vermont, New Hampshire and Pennsylvania.

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London, with all its pleasantness and architectural charm and urbane life, has that appeal of a residential place in it. It thereby ranks as perhaps the highest and a hotshot place in the real estate market in the country. At the same time, however, as expected, property prices there are on a high. If you’re looking to buy property in London, one of the happening places is Stratford. This is among the most sought-after properties in London. And since things are on a swing, like the prices being on a reasonable level despite high demand, it is a nice time to have a look at Stratford property.

There is more than one thing that has worked well to keep Stratford property among the most sought-after in the property list. Apart from an excellent location, the prices are still quite affordable, as much as in other areas of East London. Much of it is due to substantial government investment here. This attention from the part of the government has served to further highlight the potential of growth and settlement in this place.

It is nice to see that this traditionally rural town in Warwickshire, associated with William Shakespeare, is up for more urbanisation and development. This place has a rich cultural background and has welcomed a lot of tourist attention for the same. From the quiet countryside of yesteryears, it is all set to turn into a bustling and lively town, replete with the splendour of even more advanced urban centre amenities.

Another pleasant thing to remember is that the 2012 Olympic Games has further opened the vistas for the development of hurford-salvi-carr.co.uk/LocationGuide/97/Detail/Stratford-property-sale-rent.aspx Stratford property. It is true that the property prices in this region are now rising day by day, but it should suffice to say that they are still at a reasonable rate. From the point of view of an aspiring property buyer, this means ‘now is the time’.

About The Author:The author possesses exhaustive knowledge of the concepts of Real Estate and has been writing for a long time now on this subject. She is currently sharing her expertise as an real estate consultant with hurford-salvi-carr.co.uk Hurford Salvi Carr.

Orlando, home to several adventure and theme parks, attracts a large number of tourists each year. Several of the tourists enjoy the atmosphere in Orlando. The fun atmosphere, large number of attractions, fast-paced city life and top-quality entertainment make it one of the best places for citizens to invest. It’s a great locations for families and individuals alike.

In fact, several families find desirable places to live and work without any trouble. Those who relocate here must decide where in the city they wish to live. With several new entertainment venues opening every year, Orlando real estate is witnessing a boom period. Being centrally located in Florida, Orlando is able to attract many investors who find the area an attractive place to live and work.

The number of job opportunities that are available attracts people looking for work in the tourist industry. Though the price of real estate is not cheap, it is not priced too highly in the interior communities that are being developed by reputable firms. Anyone interested in living in a good neighborhood needs to pay in the range of $450,000 to $600,000. However, those looking for something cheaper should consult real estate agents, who will be able to provide information on homes that are available from $150,000 upwards. In fact, the fast growing tourism industry is acting the prime motivator in attracting a large number of people to move here. Therefore, buying in Orlando can not only lead to a pleasant present, but also be a sound investment for the future.

i-orlandorealestate.com Orlando Real Estate provides detailed information on Orlando real estate, downtown Orlando real estate, greater Orlando real estate, Orlando commercial real estate and more. Orlando Real Estate is affiliated with i-SeattleRealEstate.com Seattle Real Estate Listings.

As one journey’s through the jungle of real estate. You will find yourself amongst the company of those who share similar emotions: self-doubt, confusion, concerns of risk, and an endless stream of questions. So why would one subject him or herself to such things if it causes so much of a headache in the short term?

The answer to that is simple: Real Estate is where the money is! Seriously folks, no business on earth has made millionaires of more people than those two words.

OK so now you’ve decided it’s worth the risk, but you’ve heard so many different stories on results, methods, and a million different courses all claiming to be the silver bullet to launch your own career in real estate.

You may look into building new homes and then selling the properties when the timing is right, or even rent them out. Many people follow this method and simply rinse, lather, and repeat the process over and over till they reach their financial goals.

Others go about it a different way- such as finding a run down home (or building a new one) and then learn the tricks and trades of remodeling a home and finding out where the “pressure points” are that can drive the value of the property up like crazy. Then they’d flip or sell it once it is done.

Each method has it’s pros and cons. Perhaps you should look into the one that “feels right” to you, and look into it a bit more. It’s not possible to become a master of everything in the beginning so just find something, learn how to make money from it, and make it happen over and over again till you get your desired results.

Eventually, you will develop a nose for “where the money is”. This is something that can only be learned through hard work, and experience, period!

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The current buzz term in the financial planning circles and also within the mortgage industry today is Equity Management. This is the term given to strategies that involve using your home’s equity to fund investments, retirement plans, even the family car. Although the concept has been around for many years, one book in particular has spearheaded a new interest in these ideas. The book, written by Douglas Andrew, is called “Missed Fortune”. That book was followed up with “Missed Fortune 101″, an abbreviated version for the average consumer/investor and quickly became very popular with Financial Planners and Mortgage Brokers - two groups of professionals that clearly benefit when the strategies espoused by the author become accepted by a wider audience. We have seen Financial Planning firms offering an evening out (with dinner included!) for the opportunity to present these ideas to a groups of people at one time. Even the Chicago Federal Reserve has gotten into the act by releasing the results of a study regarding Mortgage Pre-Payment vs. investing in tax deferred retirement accounts. If you would like to read the study, a link to it has been placed at the end of this article.

In my experience from working with hundreds of homeowners each year, while many homeowners may understand the benefits of applying such strategies, a large majority still prefer the peace of mind knowing that eventually, their home will be paid off. You can show theses folks all the charts and studies… but if the strategies presented are not relatively simple to deploy, most of them will not go through the necessary steps required of them. Making additional principle pre-payments is quite a bit simpler than opening new retirements and choosing investment vehicles that exceed the return gained through principle reduction. After all, we all know the return of principle reduction - it is equivalent to the interest being paid. Locking in a return of equal proportion considerate of the tax benefits may be readily available, but it’s certainly not as simple as cutting an additional check each month!

While I also see benefits in deploying the strategies discussed in Mr Andrew’s books, I have long been of the conviction that getting out of debt is a positive financial move for most people. When most people think of early principle pre-payments on a mortgage, the Bi-Weekly payment often comes to mind. I think the primary reason for it’s popularity is due to two factors. One reason is simply that so many people are paid on a bi-weekly schedule. It’s an easy sell to someone that gets paid every two weeks to pay half of their mortgage payment every two weeks.

The second reason it has become popular I already mentioned…. it’s an easy sell. A few companies figured out that they could earn a fee for helping people arrange their mortgage payments in this way. Then they figured out a way that they could pay a commission - no license required. So many people just hopped on the bandwagon and began selling this principle pre-payment strategy. They were told that it would cut 9-11 years off a mortgage thereby saving tens of thousands of dollars in the process. Sounds good,right?

Maybe.

It’s probably better than doing nothing. But you can easily do this yourself, without paying a fee at all.

When you make bi-weekly payments, you end up making one additional mortgage payment each year. It does work - one extra payment each year will cut approximately 7-10 years off the tail end of your mortgage. There are 52 weeks in the year. Cut that in half and you have 26. 26 bi-weekly payments equals 13 monthly payments, get it? That’s all there is to it.

So where’s the rip off? The rip off comes when companies and consultants offer to assist you with the process. First, they charge a fee for setting up the account, from a low of $100 to as much as $800. Setting up the account simply means opening an escrow account. Then, they ask that you fund the escrow account with at least one monthly payment depending on when your next payment is due. See it’s real simple - they take some money up front, then put you on the plan, paying one half of the payment every two weeks. By the time the first of the month rolls around, there’s enough in the escrow account to make the payment. And get this… there’s even a small charge for every escrow deposit - anywhere from $2 - $6. Times that by 26 deposits and that’ll cost you an additional $52 - $156 per year. For something you can easily do yourself.

The worst part of the story is yet to come. By the time the 12th payment rolls around, there’s enough in the account to make one full extra principle payment. They wait until the end of the year before making an additional pre-payment! But mortgage interest is based on “Per Diem” meaning “per day”. This simply means, the sooner you make additional principle pre-payments, the less interest is accrued. It would benefit you more to simply divide a full monthly payment by 12 and then add that amount to every mortgage payment!

Then, there’s this to think about - the bi-weekly “consultant” controls hundreds, maybe thousands of these escrow accounts. How much interest do you think they are earning by holding all those accounts at a bank? Suffice to say, interest represents a 3rd income stream. No wonder there are so many companies offering bi-weekly payments!

THERE IS A BETTER WAY!

This past summer (2006) I was fortunate enough to be introduced to a gentleman that is recognized throughout Australia. His book - “How To Own Your Own Home Years Sooner! Without Making Extra Payments sold over a half million copies there. Now he has set his sights on North America. His name is Harj Gill and he is known as Consumer Advocate Harj Gill. In America, he is not only teaching his system - he also aims to clean up the entire mortgage system! And it needs it!

More on that later. Right now, I want to introduce you to Consumer Advocate Harj Gill’s system. Mr. Gill’s system takes advantage of the way mortgage loan interest is calculated. As I mentioned earlier, mortgage interest is calculated “Per Diem” (per day) and is paid in arrears - meaning the interest that accrued for the most recent month is due on the first day of the next month. (September’s interest is due on October 1) With Mr. Gill’s system, you don’t make extra payments - you just make them earlier. At the heart of Mr. Gill’s system is a software program he developed that shows borrowers how to restructure their payments to eliminate tens of thousands of dollars in interest while knocking many years off their loan and credit card balances.

The software is simply life-changing. It is available online through his website at SpeedEquity.com.

Recently, Mr. Gill has chosen me to be his liaison to the country’s mortgage brokers. This is a prestigious position - one that I take very seriously. Mr. Gill felt it necessary to have a liaison because his “take no prisoners” attitude toward loan officers and brokers that care more about lining their own pockets than the welfare of their clients has caused concern with many of the legitimate and ethical brokers that DO care about their clients. It is my responsibility to help educate the quality brokers out there and to show them that Mr. Gill is not against them - he only wants to rid the industry of the bad seeds. He is right on the money - the industry does need a serious clean up effort. I am only too happy to do everything I can to help Mr. Gill in his quest.

Here is the link to the Chicago Fed Study - missedfortune.com/downloads/ChicagoFedStudy.pdf” target=”_blank missedfortune.com/downloads/ChicagoFedStudy.pdf

Ron Borg is the CEO of Mortgage123.com - Their Credit Score Protection Plan offers consumers up to 8 lender quotes but only one credit inquiry unlike other mortgage shopping portals: Mortgage123.com Mortgage123.com

His blog is at: RonBorg.Wordpress.com RonBorg.Wordpress.com

People move to Phoenix for many reasons, but the top one is the outstanding recreation opportunities that are available in this gorgeous town. If you are considering a move to Phoenix or Scottsdale, let a Phoenix realtor help you look at new homes and find your perfect location. Because the weather is pleasant year round, you will have many chances to explore all of the great recreation areas in and around Phoenix.

If you are looking for a unique experience, why not try a hot air balloon ride? You can view the glory of the Sonoran Desert from the relaxed observation area provided in a balloon. Imagine watching the sun rise or set in a hot air balloon–this is one trip you’ll remember for a lifetime.

Many people come to Phoenix for the golf, and the courses here do not disappoint. Relax at the Sanctuary Golf Course in nearby Scottsdale, where you can bask in the beauty of the McDowell Mountains. You can catch sight of Camelback Mountain and the stunning Phoenix skyline at the Legacy Golf Club in Phoenix. Try golfing in the Sonoran Desert at the Wildfire Golf Club at Desert Ridge. Let a Phoenix real estate agent guide you to these abundant recreation possibilities.

Whitewater rafting is a particularly exciting way to experience nature in Phoenix and Scottsdale. Experienced guides can take you down nearby Verde River, and you’ll learn about the native habitat and animals along the way. You can also float down the Salt River in an inner tube, and enjoy the refreshing water and glorious scenery.

Another place that features native habitat is the Desert Botanical Garden. Desert plants are the focus here, and you will get to see all manner of cacti. The Garden is open early in the morning and late at night to take advantage of cooler temperatures.

Enthusiasts of the famous architect Frank Lloyd Wright will want to visit Taliesin West in Scottsdale. Built and designed by Wright, the buildings are home to an architectural school to this day and you may take a tour of these amazing landmarks.

Phoenix is a central point for several Native American tribes. You can get a taste of their rich culture and art at the Heard Museum in downtown Phoenix.

Sports enthusiasts are provided with an abundance of trust-in-justin.com/phoenix_az_real_estate.asp Phoenix AZ homes for sale which will afford them several options for recreation in Phoenix. Several professional teams play games at the America West Arena year round. You can catch a Diamondbacks game at the Bank One Ballpark in Phoenix as well.

There are many wonderful state parks in Phoenix, too. Try the hiking and nature trails at Lost Dutchman State Park and South Mountain Park. Go to Papago Park, where you’ll see Hole-In-The-Wall, a geological formation. Finally, check out the Fountain Hills Fountain, the tallest one in the world.

Wayne Hemrick is a Phoenix aficionado well versed in all of the fun things to do in Phoenix. Involved in the Phoenix real estate market for more than 20 years, he offers sound advice to help find the right Phoenix home for you.

Maybe you’re buying your first home in Tennessee, or perhaps you’re relocating to Tennessee from another state. Either way, it’s important that you educate yourself on Tennessee home loans before shopping for a home and mortgage. This article explains what you’ll need to know before buying a home in Tennessee:

The price of homes in Tennessee varies widely between zip codes. For example, in Nashville, Tennessee, the median price of a home in the summer of 2005 was $209,000; however, the median price of a home in Knoxville, Tennessee, was $175,000. Overall, the median price of a home in Tennessee in between July 2004 and July 2005 was $166,400.

Tennessee has a very active housing market, and home prices in Tennessee appreciate at a rate comparable to the national average. Between July 2004 and July 2005, home prices in Nashville, Tennessee, rose by 9.5% from the previous year. However, the rate of job growth in Tennessee during the same year was only half of the average national job growth rate.

Many Tennessee organizations banded together to create the Tennessee Home of Your Own Program — a program to help people with disabilities purchase their own home. Through this program, Tennessee residents with disabilities can get technical assistance with the home-buying process and assistance with down payment and closing costs. Additionally, this program offers home-ownership classes to people with disabilities.

Before closing on the purchase or sale of a home in Tennessee, buyers and sellers need to be aware of a Tennessee law that prohibits the use of personal checks in amounts greater than $1000 for costs associated with loan closing. If loan-closing costs are going to be greater than $1000, the buyer or seller will have to pay by a cashier’s check, wire transfer, or cash.

Jessica Elliott recommends that you visit mortgage-lenders-plus.com/ Mortgage Lenders Plus.com for more information about mortgage-lenders-plus.com/mortgage/tennessee-mortgage-lenders.html Tennessee Mortgage Rates and Loans.

The flexible mortgage originated from Australia and was introduced into the UK around the late 90s.
Most people were slow to switch as old habits die hard and the flexible mortgage is a complex product that customer need to understand before they are able to make the product work to its full potential.

Banks were reluctant to change as the flexible mortgage used correctly places the customer in an advantageous position.

There are many different types of flexible mortgages which are generally indicated by the degree of flexibility built into each product.

The characteristics for a true flexible mortgage are that they should possess daily interest, over and under payment, payment holidays, no early penalty charge, set rate over the base rate and over payment limit.

Rates of the flexible mortgage as the product has matured has now dropped to very competitive rates.
Most mortgage products have at least some limited flexible features.

They are ideal for people with varying incomes for example the self employed. Or for people whom have savings and looking for a guaranteed safe tax free saving scheme that will reduce the term of their mortgage. Higher rate payers will benefit the most.

Regular over payments will offset the mortgage and also reduce the mortgage term. The net result of a client placing savings in the mortgage account and making regular over payments will mean saving potentially thousands off their mortgage by paying less interest.

The sooner a customer is able to pay off a mortgage the less interest they will pay.

A customer can initially start a long term repayment mortgage, which would reduce the monthly payments and plan that when there is surplus cash to make over payments, this again will mean saving potentially thousands off their mortgage.

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