Archive for August, 2010
Ancient Idea Gives Option To Sell Your Home Fast
News stories about the slow housing market are getting old but a solution for sellers actually dates back nearly 800 years.
The solution is based on the ancient idea called an option. Options have been in use in real estate for a long time. In Westminster Abbeys Monks Library there is evidence dating from the year 1223 A.D. of a man who optioned his farm for money to pay off a debt.
Today options can be used to help sellers sell and wanttobe buyers buy. One local company is using this 800 year old idea to help sellers and buyers in this challenging market.
Many people have heard of renttoown or lease with option to buy but few understand how it can help them in a down housing market.
Real estate agents are currently working with buyers who have A credit to buy up the oversupply of housing stock. This group of buyers represents only 35 of the market that would like to own a home of their own. There is a much larger group of potential buyers who cant qualify for financing because they dont have A credit.
During the past sellers market when subprime lenders were giving loans to anyone who could fog a mirror David Holt BrokerPresident of R.P. Management Inc. a Twin Cities property management company which specializes in single family homes could only watch as his tenants left their rental homes and bought one of their own. Now with the subprime lending market virtually gone this large group of potential buyers have stopped buying. Sellers are calling on property management companies to rent out the houses. R.P. Management Inc. has set up a program to help sellers get out of their current housing situation while helping tenants get into a home of their own.
With lease options sellers can solve their shortterm needs and take advantage of this large group of buyers. Holt and his company work with the tenant/buyers through credit repair and down payment assistance to get them qualified to buy. Everyone wins!
About the writer:nbsp;nbsp;R P Management Inc. is a certified residential management company in the Minneapolis/St Paul MN area.What we do is provide options for home owners looking for a solution to this challenging market withprofessional property manager lease options and other creative ways to sell your house or to maximizeyour home as an investment property. At R P Management Inc. we provide tons of home rentals for tenantswho earn credit while renting from us. The difference is in the management. For more informationcall 6123797890 or visit www.RPMGMT.com
A First Hand Account Of Barossa Valley – Part 1
Travel Journal Barossa Valley Part 1 by Sally M of London UK.
On my travels around the globe I have seen some very special places and like this one so much I think I may move there to live its called Barossa Valley hidden away in the State of South Australia in Australia . I found this place because of my love for wine and one day when I was sipping a glass of Wolf Blass Shiraz I thought What is The Barossa Valley like? The wine label described it simply so I went and saw my travel agent who had been told about the area she managed to find some pictures for me to look at and there my planning began.
Late the next day I returned to the travel agent in Piccadilly Circus London and booked my travel to South Australia I flew via Dubai then Perth to Adelaide there are more direct flights but I wanted to visit an old friend in Perth.
When I arrived in the Barossa Valley it was simply a magical place I had no expected it to be as special as it was with beautiful old homes with character frontages and stone impressions this was a special start to The Barossa Valley Accomodation and Bed Breakfast. My tour around Tanunda one of the main townships was incredibly relaxing there was a light breeze and the sun was shining my mobile phone was turned off and I was walking in the not so famous we’ll if it was as famous as its wine labels there would have been a lot more tourists around. I instantly realised that a place so unique could actually exist a vineyard paradise for wine lovers! The Barossa Valley is indeed one of the best locations I had been to it was like seeing Big Ben in London for the first time when I was a kid. You arrive and exit the London Underground and there it is bigger and golder and greater than ever.
Once I gained my bearings again I found a nice piece of grass and laid down looking up at a maple style tree thinking of relaxation and wondering how I could leave my job in London and live here it wasn’t that I was getting carried away with my thoughts It was that I did not realise what I was missing in my life the busy Lizzy I had become living in a huge city not really knowing anyone. The Barossa Valley gave me instant peace of mind I was hooked I even started looking in the real estate window in Tanunda checking out how much a house was to buy.
That first evening I went to Nuriootpa to check out the local amenities when I sat down for a quick dinner bite at a place called The Branch in Nuriootpa I realised my international trip had turned into a global move blitz in less than 10 hours! I sat ate a great meal and headed back to my bed and breakfast.
I let you know more when I update with my latest web article can’t wait. Thanks for reading about my Barossa Valley experience your Sally M.
Author: Jason Keiller
About the writer: Jason Keiller is the owner of barossaonline.com the most comprehensive Business Directory and classifieds for Barossa Valley and Old Telegraph Station a Brossa Valley Bed Breakfast establishment.
Advantage And Disadvantage Of Real Estate Investments
Advantages:
When buying single family real estate you can do one unit at a time.
Real estate investment can be good business experience for those who are not necessarily business oriented.
In order to qualify as a real estate investment trust REIT for tax purposes a company must return at least 90 of earnings to its shareholders in the form of dividends. Because of this the average REIT boasts a roughly plus6 annual dividend yield.
REITs aren’t as highly correlated with the major indices as most industries are. As such they may provide your portfolio with some muchneeded diversification and should help to smooth out your overall returns particularly during market downturns.
REITs own hard tangible assets such as land and buildings and often sign their tenants to longterm lease contracts. Because of this REITs tend to be some of the most stable companies on the market.
Disadvantages:
Generally requires more “handson” involvement than other investment options.
Maintenance and repairs take time money or both. And always seem to take more of both than planned.
You have increased exposure both legal and financial.
Your cash is tied up in “bricks and mortar” and is not immediately accessible.
Because they can only reinvest up to 10 of their annual profits back into their core business lines each year most REITs tend to grow at slower clip than the average stock on Wall Street.
Although the business tends to be a fairly stable one REITs are not without risk. For example their dividend payments are not guaranteed and the real estate market is prone to cyclical downturns.
Since they already enjoy a unique taxadvantaged status versus other firms more specifically they are allowed to deduct the dividends they pay out from their taxable income from an investor’s perspective roughly 2/3 of all dividends paid by REITs do not qualify for the new lower 15 tax rate implemented by congress last year. By contrast the vast majority dividends paid by nonREITs are taxed at this new low rate.
About the writer: Martinez Collins has been associated with Real Estate. Having good experience in real estate India her advice is very helpful for investment in real estate India and basically her in depth knowledge about real estate development in Gurgaon visit http://www.hotgurgaon.com/.