Monthly Archives: July 2016

Tips on Using Google to Find Real Estate Deals

With Google you can run advertising campaigns on what is called “Google Adwords”. If you go to Google and search for anything you’ll see that there are listings down the side of the page and a couple at the top. These are paid advertisements. Go to Google and search the words “sell my house” adding your city to the search term first. Ex: “Charlotte Sell My House”. Look at the different ads of local realtors and investors selling property. You can also search other keywords and include your city name. Keywords like, foreclosure, Buy my house, sell house fast, etc.

Simply go to Google and set up an account to run your ad and when the user clicks on your link it will take them to your website. If you don’t have a website you can get a generic website very cheap but remember that you get what you pay for. If you get a generic website then you’ll be very limited in how you can customize it.

The neat thing about Google is that you can set a daily and monthly budget. You can also set it up so that your ads will only show if someone in your area is searching for your particular keywords. If you are in Orlando, FL, you may only want people who live within 50 miles to see your Google ad so if anyone further away searches, your ad won’t appear and that’ll save you money.

You pay based on cost per click, not if they buy anything or sign up for more information. This is why it’s important to make sure you have a website that will capture their information before they leave.

Google Adsense

Google Adsense is another type of Google advertising. Have you ever visited a website and seen the ads down one side that reads; “ads sponsored by Google”? These are adsense advertisers. You set it up the same way but you specify that you want it to be put on other related websites. You can still select a geographic area so you aren’t wasting money.

Google Search

This method of locating properties actually qualifies for 4-5 methods. I’m mentioning it because with Google advertising, it is marketing. There’s so much more to Google. You can Google anything. Think about how you could find motivated sellers, where you could market your properties, how you could build your buyers list of investors, how you could build your dream team, find local attorneys, appraisers, rehab contractors, etc. Here are a few samples of searches you could do to find all of these above…

“Free Real Estate Ads” “Free Real Estate Listings” “Sell my house” “Buy My House” “Foreclosure Listings” “Investors Club” “Investor Loans” “Hard Money Loans” “Find contractors” Find Attorneys” Find Appraisers” Find Local Realtors”, etc.

You can also add your location in front of any of these searches to localize your search. Remember, you don’t have to know how to spell because anything spelled incorrectly, Google will ask you “Did You Mean _______?”.

Google Alerts

Google Alerts is a FREE service provided by Google that allows you to list certain keywords and when something is posted to the internet, Google will send you an email with a link to the page. I have an alert on my name so anytime someone posts anything about me, I know about it.

Let’s look at how you could use this as a real estate investor. What if you set up an alert with your location and keywords you’d use in searching for a property? Here are a couple examples: Charlotte Fixer Upper, Charlotte handyman special, Charlotte foreclosure or Charlotte motivated seller. The list could go on and on.

Finding The Guide To Buying Real Estate In Greece

Greece has been one of the most popular holiday destinations in the world for last several years. However, over the last few years, more and more numbers of people have also started to show interest in the real estate in Greece and many have even invested in properties here. After the 2004 Olympics, tourism in Greece has been boosted up, and with it the demand for housing has also increased considerably. In fact, over the last few years, people have recognised Greece as a better place for investment in real estate compared to its neighbouring places such as France and Spain.

If we overview the property market in Greece, we will find that it is an undervalued market till now, but the situation is changing gradually, but steadily. Therefore, if you want to make a profitable investment here, then immediately look for houses for sale, Greece, and invest in a property that is in a strategic location. If you make such as investment now, there are high chances for you to get returns as high as 20-25% in the next few years.

There are several types of property that can be owned in Greece. Most of the people like to invest in Greek real estate located in popular locations such as Corfu, Crete and Rhodes. The property options available here range from traditional Greek houses to suites with modern architecture and technologies. No matter whether you are interested in two bedroom apartment or a three bedroom traditional house, you can find it easily in Greece. The prices of properties here mainly depend on its location, present condition and total area covered. For people with a limited budget, it will be a good idea to buy an old house or apartment for a cheap price and get it renovated later at their own cost. However, one should not go for houses with too many damages as getting it repaired can prove to be an expensive affair.

There are several brokers and companies dealing in Greek real estate. If you do not want to waste time looking for profitable properties in Greece, you can seek the help of the leading real estate companies and with their help find the most suitable properties for your investment. However, make sure you also have a lawyer with you to provide legal assistance while making your purchase. A good grip over the English language can prove to be an added advantage while buying and selling properties in Greece.

 

Tips on Buying a Commercial Property

If you are considering investing in brick and mortar and are thinking of buying commercial real estate, there are many points of consideration. Unlike any other investment, putting your money here, can be a tough decision to make.

Investment Tips

Commercial real estate investment is all about creating a cash flow generating asset and all your efforts need to be directed towards ascertaining its potential value. It’s no secret that these are times of economic recession and the real estate market has taken a beating. However, if you think optimistically, this is a time of opportunity, as a piece of real estate, which was beyond your reach in boom time, can be bought at a substantially lower price today. Here are the major points of consideration, while purchasing a commercial property. These are certain pertinent questions, which need to be asked, that help you assess the profit potential of a real estate investment and make your choice simpler.

What Kind of Property are You Looking For?
Even before you can start thinking about this investment, you need to have a plan about the revenue generating mechanism or business plan, that is going to reap cash for you, through this investment. Are you planning to buy a rental property, business premises for your company, or a shop? If you make up your mind regarding this, you’ll know what type of property to look for. That will simplify your search.

What’s Your Budget?
The next thing to ponder upon is to come up with a maximum purchase limit. If you are planning to make the purchase using a mortgage loan, then you need to decide on the maximum down payment, that you could make. A knowledge of your purchase limit will see to it that you don’t go overboard, when negotiating on price and land up in a soup. Start looking for banks that offer commercial real estate mortgage loans, once you decide the property, which you plan to buy. There are many financing options to choose from.

How to Search For Them?
There are various channels through which you can search for such properties. Online and print classifieds are a place to start your search from. Approaching a real estate agent is one of the best ways of searching, as they have extensive databases of properties for sale. They can find you a property, that fits within your price range and requirement. Be on the lookout for properties being auctioned.

How to Evaluate the Revenue Potential?
When it comes to evaluating the value of real estate, with respect to commercial gain, location matters. Consider what is the scale of profits, that you can hope to make, from those premises. If it’s a rental establishment, calculate what is the cash inflow. If you plan to open a shop or your company office there, location is the most important factor.

Ensure that title of the property is clear and get an architect to evaluate the structural solidity of the building, if it’s an old one. See if there are any pending tax payment issues associated with it. Get a real estate consultant to provide you with a valuation of the property, according to current market prices. This is known as an appraisal. When all of your homework is done and you choose a property, make an offer to the seller yourself, or via his real estate agent.

Negotiate for a fair price and arrange for a mortgage if the deal goes through. See to it that all the legal formalities are handled properly. A real estate attorney can handle it for you. Once you buy the property, you could either opt to manage it on your own or let a management firm handle it for you.

To sum up, leave no stone unturned in evaluating the earning potential of a property before you buy it. If the potential is substantial, the risk you take while opting for a mortgage loan, is lessened.

How to Invest in Commercial Property

In the aftermath of the real estate property market meltdown, people were naturally averse to taking risks, by investing in residential and commercial property. As a seasoned investor would advise you, in such bearish times, there are a lot of opportunities to take advantage of. With the real estate prices hitting rock bottom in recent times, many properties can be bought, at a fraction of the price they would have earned during boom time. While there is substantial amount of risk involved in buying commercial property, with proper research and wise choice, there’s profit to be made. At the outset, let me expound some of the advantages of investing in properties of the commercial kind.

Advantages of Investing in Commercial Property

Commercial properties primarily include office spaces, shops, storage warehouses, industrial spaces or any other piece of real estate that is leased out or used for commercial purposes. Location and space are two of the prime requirements of businesses and leasing a property is a much more affordable option for them, instead of buying it. This presents commercial property investors with an opportunity to make substantial profits.

One of the prime advantages of investing in commercial properties are the long leases and high rent that owners can earn. Compared to residential properties, commercial ones tend to maintained a lot more professionally, which automatically reduces expenses. The high percentage of return on investment, in excess of 8% to 9%, justifies commercial real estate investment.

Properties in prime locations can expect an annual hike of 3% to 4% in rent, which guarantees higher returns in the future. By handing over the maintenance and administration to a commercial property management firm, you can simplify your life and reap profits in the long term. Commercial property that are located in prime business zones are always in demand and hence you can expect a decent resale value in the future, when the prices in that locality appreciate substantially.

Commercial Property Investment Tips

You need to appreciate the prime importance of ‘Location’, when it comes to investing in commercial real estate. Businesses are looking for office, shop spaces, warehouses with all the necessary amenities and resources in their vicinity. So choosing a commercial space in the right location is the first important thing and it requires a substantial amount of market research to find such properties. You will have to network with real estate agents, who have a database of such properties on sale.

Decide on how much you are willing to invest, which will automatically limit your choices and help you focus on what kind of properties you can afford to invest in. Once you have shortlisted a few properties, determine the asking price and the projected returns through lease, after accounting the maintenance and taxation costs. If you are thinking of buying commercial property and plan to arrange for the investment corpus through a mortgage loan, do the math and determine the profits you will gain in the future after maintenance costs and loan installments. If the math shows you that the investment is a feasible one and you are guaranteed that your principal is safe with decent returns, go for it!

If you have a commercial space in a prime location, there is always going to be demand from businesses and the chances of your investment being highly profitable are higher. Work out the yearly maintenance costs for the property, research every aspect of the investment thoroughly before going ahead. Here’s me wishing you all the very best for your commercial property investment endeavors!