After the broker completes these steps the lender conducts the underwriting process in which your risk as a borrower is determined.

With a direct student loan consolidation, you exchange your outstanding student loans with their higher interest rates for one loan with a more manageable, fixed interest rate.

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You want to know, or at least have a reasonable estimate, that in 5, 10, or 15 years, when you want to sell your home, the location you’ve selected is still a desirable one.

A debt consolidation loan can help you combine many different credit card payments into one loan, one payment that many times has a lower interest rate.

A real estate agent finds sellers for buyers and buyers for the sellers of real estate.

Let Your Title Company Get the Facts About Your Commercial Real Estate Purchase

With so many elements of risk within the commercial real estate industry, it is a smart idea to protect yourself and your assets whenever possible. Risk can be found from the beginning of the deal process to the end. With so many chances for mishaps and information, and the constant need to triple verify every fact surrounding a property, the city and funding, the more you can protect yourself the better.

Commercial real estate is ‘buyer beware’ so the purchaser is ultimately responsible for all facts going into buying a property. Escrow companies, title companies, and lawyers can all play a vital role in your success. The escrow process is extremely important.

Escrows are simply an arrangement where a third party holds the necessary documents, funds, or other properties to be transferred between two parties. The third party does not transfer anything until they are instructed to do so by each party and they have the necessary documentation stating that each party is in agreement with terms and everything is set for escrow to be closed- or the properties transferred from one party to the other.

In a commercial real estate transaction, the third party can hold documents from the buyer, the seller, and funds from the commercial lender. When the parties are in agreement, the escrow agents simply make sure that all items are distributed properly and into the correct hands. This saves the buyer, seller or lender from having to worry that one of the parties will not transfer the funds or other documents. Every party is protected because the proper forms are in the hands of the escrow agents with no personal investment in the deal. Every party can count on receiving the properties that were previously agreed upon in the contract.

If there is no escrow, there is room for a dishonest buyer or seller to either not transfer the proper documents or funds and get away or have some excuse as to why he or she is not delivering what was promised on the previous contract. Or perhaps they could show an overlooked conditional clause that allows them to alter from the stated claim and agreement.

Escrows can be companies within themselves, lawyers or title companies. Some investor have companies or people that they work with all the time, and they insist on using those people or companies because they know they have no personal interest in the deals. There can be fraud that occurs where an escrow company or agent secretly has interest in the deal and can play the deal in the person’s favor- with the buyer or the seller, whomever they are working with.

Always be sure to check the references of the escrow company or agent before agreeing upon a third party. For those people who will only use their company, make sure the company is reputable before conducting business.

Title companies are companies that specialize in researching public records to determine the status of a title to a specific property. The purchaser must find out if there are any liens or encumbrances on the property before purchase so the matter can be resolved before purchase by the seller.

Entire reports can be made regarding title of real property transactions which is used to issue title insurance. A title report is pulled at the beginning of escrow so the buyer can see the full status of the title of the property. This first or preliminary report then becomes a final report when title insurance has been issued. Title insurance protects the buyer from wrong information. The title company does not guarantee or otherwise have a law that surrounds the fact that their information on the title report was not accurate.

Title insurance is not necessary. The parties may choose to forego the insurance (which it is customary for the seller to pay) and incur the risk of the transfer of the property. This is not recommended for those who do not know each other well or have full trust in all parties involved.

Lawyers can also act as escrow agents, performing the same duties as an escrow company can. Again, it is imperative that you believe that this third party is acting with no personal interest.

With so many chances for problems to erupt, you can bet that they will. It is not a matter of if they will; it is a matter of when and how big the problem is going to be. The more you are aware of this issue, the better you can prevent anything from seriously threatening your commercial real estate investment endeavors and assets.

Specializing in commercial and investment real estate, Tony Seruga, Yolanda Seruga and Yolanda Bishop are always searching for new and profitable commercial properties across the U.S. Visit www.maverickrei.com for more great information.

About the Author

Tony Seruga, Yolanda Seruga and Yolanda Bishop of Maverick Real Estate Investments, Inc. work with builders, developers and other players in the commercial real estate industry to acquire and develop properties. They use progressive investment strategies that have proved extremely profitable. In addition to their own deals, they teach both seasoned and inexperienced investors how to be big players in the game. Visit the website for more info.

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Useful information about the real estate market is available online as well as offline.

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Always insist that the realtor you choose to work with writes into your agency agreement or Exclusive Right to Buy Contract, “That the Buyer hereby reserves the right to cancel this agreement FREE of charge at any time if Buyer is dissatisfied with Broker’s performance” This add both creditability and accountability to your business relationship.

But if you don’t want to spend the time and effort in putting up your homes for sale, then a real estate agent will gladly do the job for you.

This could affect any sales contracts you have negotiated based on the mortgage quote you received.

Commercial Real Estate ? Hard, Hard, Hard Money Loans

Financing for commercial real estate is a completely different game when compared to residential mortgage loans. It moves much faster and is much more flexible.

Commercial Real Estate ? Hard, Hard, Hard Money Loans

When purchasing commercial real estate, financing is the most significant factor in determining whether the project is worth pursuing. Although there are a variety of commercial real estate loans on the market, we are going to look at hard money loans in this article.

Hard money loans for commercial real estate are often a matter of last resort. They aren?t good deals, but they can save a financing situation that has gone critical. Most hard money loans come with significant upfront costs and astronomical interest rates. When you are facing the prospect of losing a commercial property, however, they can be a godsend because they also are granted very quickly.

Hard money loans are considered very risky and are issued by private financing groups, not banks or lenders. The loans tend to be only available as the primary loan on the property, which isn?t that rare a situation in commercial property.

Unlike home loans, hard money loans are all about the potential sales price of a piece of commercial real estate. The party considering lending you money is not going to look at the appraised value of the property. They are going to look at the probably sales price if the commercial real estate has to be sold a few months after making the loan. Depending on the condition of the property, this figure will typically be between 50 and 75 percent of the appraised valued of the commercial property.

Put another way, a hard money loan is a short-term loan designed to get you past an immediate problem. It is undeniably a loan of last resort and is not an ultimate solution to a financing problem with a commercial property. It does nothing other than buy you time, and at a fairly hefty cost. If you are in a tight spot and can resolve the problem with a few extra months time, a hard money loan may be the answer.

About the Author:

Dan Lewis is with http://www.gwhomeloans.com - a San Diego mortgage brokers providing San Diego home loans. Visit http://www.gwhomeloans.com/services.html to learn more about options on San Diego mortgages from a San Diego mortgage broker company.

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The appraisal will look at things like the age of the home, the condition of the property, and the condition and values of other pieces of property in the same area.

If the appraisal amount is less than the mortgage amount, the lender might decide that the property is being sold at too high of a price for the worth of the property and not allow the buyer to acquire the loan.

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Rest assured it is not an entirely subjective process, but rather methodical and universal.

Simply put, if the lender should ever have to foreclose, they want to ensure they would be able to get their moneys worth.

House appraisers are trained professionals licensed by the state in which they work.

If your home comes in valued less than the sales price of your home, the buyer of the home can decide that he won’t pay as much for the property and the sales price can be renegotiated.

In this method, the appraiser estimates the costs involved in replacement of the structure if it were to be destroyed.

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Once an appraiser finds comparable properties, they will make some adjustments.

The reason the lender requires the real estate appraisal is because they want to ensure that the property would sell for at least the amount of money you require for your loan.

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Real estate appraisals come in two different methods for appraising homes.

When having a home appraised you should have an appraiser that is an objective third party.

Your house loan approval is dependent upon the outcomes of the real estate appraisal.

An appraiser must not fail state certification prerequisites like examinations and take continuing education classes to prove that they are qualified for the work they do.

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Since about 70% of home buyers begin their search on the internet, it is very important that your home be listed in MLS.

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Regardless of inflation or other economic factors, your mortgage payment will never change.

Entering into commercial real estate investment without a proper strategy can be suicidal.

Count on being charged for your lawyers’ services but it’s the old adage - pay me now or pay me later.

What Commercial Real Estate Investors Should Know About Cap Rate

CAP rate or capitalization rate is the ratio of annual rental income of the property over the purchase price. This number is often shown on commercial property listings. So you must know this jargon if you want to invest in commercial real estate. It?s commonly a number between 3% to 10%.

For those who invest in the stock market, cap rate is the equivalence of the inverse of P/E ratio. So a cap rate of 5% is equivalent to P/E ratio of 20. The main difference is in real estate the earning is real while it’s accounting earning in the stock market where earning can be reinstated years down the road!

The higher the CAP rate the higher rental income the property produces and thus the less money you need for down payment. Experienced investors often look at the CAP rate to screen out properties with low rental income. Some investors prefer properties with the cap rate that is higher than the interest rate they pay for the loan. That way they know they collect more from the tenants than they pay the bank.

When the property has high vacancy rate, listing brokers often show proforma (or potential) CAP rate instead to catch investors? attention. Let?s use the following example to illustrate the point. A property is listed for $1M and is 90% leased. It has gross leases with an actual gross income of $90K/year and $30K of annual expense. Assuming the proforma income is $110K/year when it?s 100% leased at higher market rent. So 3 different listing brokers could display 3 different CAP rates for the same property:

? The first broker may use NOI (Net Operating Income) of $60K/year ($90K of gross income less $30K of expenses) and thus the net CAP rate is 6%. This broker calculates the cap the way it should be.

? The second broker may use the gross income of $90K and so the gross CAP rate is 9%.

? The third broker may want to use the proforma income of $110K to get investors? attention and thus the proforma CAP rate is 11%!

So as an investor, you need to know what CAP rate, e.g. net, gross or proforma the broker uses. Otherwise you may offer too much for the property. At the same time, when you tell your broker to look for properties with a certain CAP rate, make sure the broker knows what CAP rate you have in mind.

The returns of a commercial property investment come from 4 sources: appreciation, cash flow, i.e. cap rate, depreciation (tax writeoffs), and principal reduction from your mortgage payments. If you invest in the ?right? property, the biggest chunk of your investment return should come from appreciation. There is often a conflict between cap rate and potential for strong appreciation. Properties that offer potential for strong appreciation, e.g. newer properties or ones in good location tend to have lower cap rate. On the other hand, properties that are in poor condition, or have ground lease are much harder to sell. As a result, seller will try to attract the buyers with a higher cap rate. If you see a property with unusually high cap rate in California, e.g. more than 7%, you should ask yourself ?what?s wrong with this property?? Chances are you will find a compelling reason why it is so high.

Is the property with highest cap rate the ?best? property? The short answer is no. If investment was that simple, you would not need an investment advisor. Cap rate should be one of the various other factors you consider whether you should invest in a property. It should not be the only factor. Besides, you can improve the cap rate by

? Increase the occupancy rate.

? Raise the rent when the current leases expire.

? Negotiate for leases with annual rent increase.

? Bring in tenants willing to pay higher rent.

? Improve the property to attract more upscale tenants.

? Reduce the expenses not reimbursed by the tenants.

By doing so, you can increase the cap rate and consequently the value of your investment.

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Experian, Equifax, and TransUnion are all required to give you a free credit report once a year and you can dispute any mistakes on your report for free.

It’s easy to rattle off the new hot beds for investing, but after they’re listed in newspapers and magazines and talked about on TV, they’re typically not as good a value after the investor pack rushes in.

As most people have undoubtedly told you, owning a home is a great tax shelter.

While you are considering the flexibility of a credit line, if you need a lump sum fund, you may consider taking out a Home Equity Loan instead.

Be sure to make your new mortgage payments on time.

Miami Commercial Real Estate 2006

Miami’s commercial real estate market has been maintaining its momentum, despite the fact that property owners wrestle with escalating insurance costs due to Hurricanes Katrina and Wilma last year. The Miami commercial real estate sectors for office, retail, warehouse and rental apartments consistently declared increasing rents concurrently with decreasing vacancy rates for the first quarter, according to a real-estate research firm based in Boston.

As of the moment, real estate investors remain eager to immerse into the activity in the Miami commercial real estate market. Many of these investors are beguiled by Miami?s stable population growth over the year, as well by its continuously mounting international prominence. The population in Miami rose to 2.4 million in the first quarter of this year, which is about 1% higher than the same period in the previous year.

While Miami continues to be the center of gravity of Latin American finance, it also has been able to attract a growing volume of investment from Europe. This has made Miami a much more stable arena for investment, thereby reinforcing its potential to attract more investors even further.

Generally, the relatively diminishing hunt for condominiums has opened up more land available for new office developments that compete for occupants, thereby strengthening the office market. Meanwhile, larger corporate investors have been snapping up properties from smaller private investors, which effectively is capable of setting the level of Miami commercial real estate property sales higher than last year?s levels.

A New York real-estate research firm has concluded from their study that average sale prices of Miami commercial real estate retail properties climbed from $156 per square foot in 2005 to $221 per square foot this year through June 29. This figure is also well above the national average of $154 a square foot. The average sale prices for office properties also significantly scaled higher from $164 per square foot in 2005 to $213 per square foot this year. This figure slightly margins national average of $211 per square foot.

This year, a total of around 2.1 million square feet of retail space is projected for completion this year. The figure is 74% higher over the same period last year. Moreover, some office space projects are also being anticipated for completion within 2006. Rilea Group? Alan Ojeda is currently undertaking negotiations for a project that was originally proposed as residential units. The project is set to construct a 580,000-square-foot office building located at 1450 Brickell Avenue at the heart of Miami’s financial district.

However, the pace of Miami?s economy appears to be downshifting because of a high cost of living which is 11% above the national average and slowing employment growth rate. Employment growth from May 2005 to this year also declined to about 1.5% from the 2.7% rate for May 2004 to May 2005 as evident from the data of the Bureau of Labor Statistics. Moreover, insurance premiums have also soared. Some commercial building owners have been experiencing difficulties in getting insurance coverage for the damages incurred from Hurricane Wilma. Espirito Santo Plaza, which is a 1.2 million-square-foot multi-purpose building used as office, condominium and hotel is paying $5.8 million this current year for 50% of the total wind insurance coverage it obtained last year at $1 million. The burden of insurance premiums on operating costs of commercial buildings can be quite heavy.

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Zoning and easement issues are often overlooked when buying a home.

Entering the real estate market as a real estate investor can be a challenge; Receiving funding, getting the residence rented, setting up bank accounts, figuring out how to handle utilities, etc.

The name itself sounds too good to be true.

Just like any other business, one must be an entrepreneur to start form scratch and create an empire.

Commercial Real Estate Jargons Investors Should Know

Commercial real estate investment is a new territory for many real estate investors. The following is the alphabetical list of most commonly used terms in this area.

Anchored tenants: big brand-name national tenants, e.g. Albertsons, Longs Drug, Walmart that bring in lots of traffic to the shopping center.

CAM: Common Area Maintenance. Associated with CAM is CAM fees. For NNN leases, the term CAM fees refer to the money tenants pay landlord to cover property taxes, insurance and maintenance.

Cap rate: Capitalization rate or the ratio of Net Operating Income over purchase price. The higher the cap rate, the higher the rental income in term of percentage. For people who invest in the stock market, cap rate is the inverse of P/E ratio.
Cash on cash: annual percentage return of your down payment not including appreciation.

Conduit loan: also called Commercial Mortgage Backed Securities (CMBS) loan often with the lower rate than traditional commercial loan but either has high pre-payment penalty (called defeasance or Yield Maintenance Penalty) or does not have payoff flexibility.

CPD: Car Per Day or traffic volume on a road.

CPI: Consumer Price Index. It’s often used to calculate annual rental increase to compensate for inflation.

Due Diligence Period: the duration after acceptance normally 15-30 days to allow buyer to investigate about the property. Buyer can cancel the contract during this time for any reasons and get full refund of the deposit.

Estoppel Certificate: a letter provided and signed by tenant confirming the current rent and terms.

Full-service lease: lease in which tenant pays rent that covers everything including utilities.

Gross income: total annual income before any expenses.

Gross lease: lease in which tenants just pay rent. Landlord pays tax, insurance, & maintenance.

GLA: Gross Leaseable Area or total rentable area. This is the space that can be leased and receive rental income. It does not include spaces for utilities room, elevator, etc.

GRM: Gross Rent Multiplier for apartment. Ratio of purchase price over annual income.

LLC: Limited Liabilities Company. A legal entity many investors formed to own commercial properties.

LOI: Letter of Intent/Interest or the normally non-binding offer letter used to make an offer to buy a commercial property.

MAI appraiser: Member Appraisal Institute commercial appraiser.

Master lease: lease signed by the seller to rent the vacant space to provide rent guarantee.

Mixed Use: commercial properties with retail on 1st floor and apartment on upper floors.

Triple Net (NNN) lease: lease in which tenants pay base rent plus property tax, insurance & CAM fees. Absolute NNN lease is NNN lease that tenants also pay property management fee.

NOI: Net Operating Income. Annual income minus Property Taxes, insurance & CAM fees.

Pad: stand alone building in a prime location of a big shopping center.

Pass Thru: see reimbursement.

Percentage lease: lease in which tenant pays base rent plus a percentage of tenant’s revenue.

Phase I Report: inspection report that provides an assessment for soil/environment contamination. It’s normally required by the lender as part of loan approval process for a commercial property.

Phase II Report: inspection report for soil & groundwater subsurface investigation. This inspection is more extensive which involves testing to see if there is any soil and water contamination.

Proforma income: potential, i.e. higher, income when the property is 100% leased.

Proforma Cap rate: potential cap rate assuming property is 100% leased at market rent.

Reimbursement: the share of property tax, insurance & CAM fees that a tenant has to pay the landlord besides the base rent.

Rent guarantee: rent paid by the seller to buyer for vacant spaces until they are leased.

SBA Loan: a government-guaranteed loan for owner-occupied properties.

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Your house loan approval is dependent upon the outcomes of the real estate appraisal.

Due to their use of the automated home value appraisals, the individual appraisers report an increased numbers of home value appraisals.

If you home has 4 bedrooms, 3 bathrooms, and a 2 car garage on a half acre of land, an appraiser will try to find a similar home in a nearby neighborhood.

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The appraisal will look at things like the age of the home, the condition of the property, and the condition and values of other pieces of property in the same area.

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You can ask any real estate broker if they can recommend someone to you for appraisals.

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A real estate appraisal will help in establishing a property’s market value, the sales price it would probably bring the seller, if offered in an open and competitive real estate market.

Numerous items may be added or subtracted from your home’s value; living space, numbers of rooms, sales in the last 120 days, usable land, and many other factors are considered.

Due to their use of the automated home value appraisals, the individual appraisers report an increased numbers of home value appraisals.

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If the appraisal amount is less than the mortgage amount, the lender might decide that the property is being sold at too high of a price for the worth of the property and not allow the buyer to acquire the loan.

Sometimes they will extend their search and compare homes within the same school district when it is a known factor that affects the value of a home.

The info contained in appraisal is crucial to the lender.

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A real estate appraisal will help in establishing a property’s market value, the sales price it would probably bring the seller, if offered in an open and competitive real estate market.

There will be many details about the property in question as well as side-by-side comparisons of three different properties like it.

Take a look at the other properties in the neighborhood; these comparisons will be made in detail in the appraisal.

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One of the most popular methods of appraising the value of a home is the comparison sales method.

The actual value of the house would depend on the cost of the house, the market trends, the quality of the construction, size, and location and so on.

If the home comes in valued at greater than the sales price, the buyer might just be getting a great deal.

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Your house loan approval is dependent upon the outcomes of the real estate appraisal; it is as easy as no appraisal, no loan.

There is the cost method, this is generally used for new properties when the costs of building is known.

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In most cases the parties involved in the transaction are not really informed about the important matters going on to get the accurate home value appraisals.

Your house loan approval is dependent upon the outcomes of the real estate appraisal; it is as easy as no appraisal, no loan.

The professional appraiser does an in depth analysis of you home’s condition, additional features as compared to other similar homes, and location.

An experienced agent may come extremely close to an appraisal price with the CMA, but a real estate appraisal’s report include a lot more detailed information, not to mention the fact that it is the only evaluation report a bank will accept when making the decision of whether or not to loan money.

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Successful selling is a matter of sorting things out and systematically putting them into place.

Then again the mortgage plans might vary on the frequency of revision of rate (adjustable rates).

To put yourself ahead of other potential bidders, you have the option of making an offer higher than the asking price or offer to cover owner fees such as the appraisal or title search.

There are a number of benefits which may be associated with re-financing a home.

A manicured front yard with staging additions like flowers in colorful pots near the front door and a bench to sit makes buyers want to see what’s inside.

Do not go with the first mortgage offer you receive.

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How to Grow Further in Tampa Commercial Real Estate Market

Art, history and recreation, these are some aspects that Tampa has to offer. Tourism and entertainment, these are where Tampa derives much of its local revenue. Tampa has wide variety of culture and has lots of recreational facilities such as attractive beaches, sunny environment and has even a good place for playing golf. Isn?t that amazing!

Tampa is a tropical city that has a lot of beauty to offer. Tampa, Florida is certainly a good place for business. A lot of corporate centers have relocated there business in Tampa which makes a big growth to the economy of Tampa. High quality and rich life are very much available for all of you who wanted to invest in Tampa. Actually, Tampa is a top choice; since Tampa commercial real estate has a lot of features and there are wide ranges of property types to choose from.

But I would say, for investors, purchasing commercial property like in Tampa is certainly not an easy task. Absolutely, you don?t want to put your money and investment into waste, right! So planning is very important. You have to do certain procedures in buying a commercial real estate.

A lot of investors, actually huge and enormous investors, think that the place has turned into one of the most expensive places for office sites and commercial spaces, that?s why they are wondering on how to have a great deal on leasing for their offices in Tampa commercial real estate. But you?re wrong, very wrong? Tampa commercial real estate market certainly offers the most affordable commercial properties in the US. Honestly, the owner of the commercial real estate can even demand high prices on office rents. You may be asking why that is so! They can demand high prices on office rents since all the amenities are provided for in site where the building was developed.

Tampa commercial real estate has the lowest interest rates and has an outstanding market to offer for relocation. The buildings are very much stable and will always be for the next more years to come. So, Realtors suggest that the commercial real estate market in Tampa will still be competitive selling market. Now, constructions will be a pat of the Tampa commercial real estate life, since it is continuously going strong and growing.

For new commercial investor, looking for sale commercial real estate in Tampa is just like doing the same process as looking for residential real estate. Tampa commercial real estate listings are available for you on the Internet and of course through the real estate companies. If you do not want to waste time on looking through the commercial real estate properties, you can use the help of a Real estate agent. Real estate agents can guide you with the listings and can help you limit your search to few great properties that will definitely suit your needs.

If you are planning to buy a Tampa commercial real estate property, so for sure you already have the parameters that you are assessing for, such as the size, the shape and the site of the property. You have to have listings of the things you want and need in your ideal property in mind. So the Real estate agent would now what is the appropriate commercial real estate for you that will surely fit your needs.

You have to look and make sure that you will have a real estate agent that works mainly in commercial real estate. That agent should now the area and f course the local real estate market. But, I would say do not be afraid to do research on your own. The more you have the idea, the more you can find a better agent. The better the agent, you better you will be.

For all the investors, a new one o even the huge ones, this is for sure the commercial real estate in Tampa will definitely provide you peace of mind. Owning and investing like the condos, retail, offices, buildings and the like, will absolutely be a dream comes true.

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Generally, the interest rates will be higher on these loans.

A number of lenders for real estate offer excellent deals for mortgage loans, and it is essential to narrow down to the best home equity loans, and then select the one that suits you the best.

These things will raise your credit rating because you will have a traceable history.

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The mortgage lender will evaluate the value of the collateral and if its value is not enough, the mortgage lender might not approve your bad credit mortgage application.

Get a “Leg Up” On Planning Your Commercial Real Estate Investment Activities in 2007

The holidays are rapidly approaching and I?ve managed to do most of my Christmas cards and gifts on time this year! I still have a few to go, but for me most of the pre-holiday madness is over. It is now time to focus on a strategic plan for next year and I?m actually going to take a day out of ?regular? work to get it done.

I?m going to go week by week, all 52 of them, for 2007. On the plan will be my goals for the Year, the Quarters, the Months, and the Weeks. I?m taking a top-down approach that will ultimately drive my daily activities. And I will include plenty of vacation time! As I contemplate this process, I can see that I?m going to have to get very good at several things:

1. Delegating - You have to ?let go? to grow.

2. Following Up - While you do have to let go, you don?t ?assume? that what you give to others will be done the way you want it, when you want it. Accountability is a key to successful delegation.

3. Flexibility - No plan is perfect, nor does it survive the first play of the game (to mangle a football analogy). Plans need room to adjust to changing conditions, so setting aside ?update time? is critical to the process.

4. Measurement - As mentioned in #3, a plan is a living thing and needs to be reviewed constantly to see if you?re on track to meet your goals. A plan without measurement is only a dream.

I?ve never done this before in this manner, so I?m planning on using some visual aids. One of them will be one of those desktop calendars ? actually a couple of them. I?m going to use one to do the initial planning, so I can scribble, scratch out, take notes, and make changes. I?ll copy the final plan to the other one when I?m done marking up the first. I?m also going to use colored pens to clearly mark certain types of activities. When I?m done I?m going to post it on the wall, so everyone can see it. That way, we can literally be on the ?same? page. I think I?ll also use some kind of thermometer-type graphics or a series of bar charts to visually express key elements of the plan and the progress we make.

What about you? What will you do, besides enjoy a really excellent vacation with your family in some great ski area or warm tropical setting, to further your goals during the holiday down-time? This might be a good time to approach your commercial real estate investment program in the same manner.

? You can set up some categories of things to do, like ?Real Estate Education,? ?Property Analysis Tools,? ?Days Driving Neighborhoods,? ?Commercial Properties Owned,? ?Net Equity,? etc.

? Write down where you want to be in each category at the end of 2007.

? From there, break each category down by Quarter and work backwards to see where you?d have to be to reach that goal by Year?s end.

? Now do the same process by Month to see what you have to do to hit each Quarter?s goal.

? Break your Months into Weeks and repeat the process. I suggest setting aside time in your plan each month to review your progress and allow for adjustments in the plan.

? Now take a single Week and write down what you have to do each Day to hit a Week?s goal.

? These become your ?Important-High Priority? activities ? not to be confused with the Urgent ones that you think you have to do ahead of everything else.

? The Final Step is to set aside time during every day to spend time on these ?Important? activities. This is time when no one can find you, the cell phone goes off, the GPS is dropped in a drawer, and the Radar is silent. It doesn?t have to be a long time ? as little as 15 minutes, really. And it has to be done consistently.

This process is called ?Chunking Down.? If you do this, and really, really focus on setting aside that special time for your ?Important-High Priority? activities every day (OK ? we?ll allow you some flexibility!), you have to succeed. It?s a wonderfully simple process and if combined with easy to see visual references, it will catapult you to success in whatever you choose to accomplish. This applies to commercial real estate investing, as well as your personal life. Consistency and focus is an unbeatable combination. I?m looking forward to implementing this process in 2007 and I hope that you will, too!

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In some cases when a young couple is in the market for first time loans for a new mortgage the lender will request someone cosign the loan.

With the word out and prospective buyers lining up to see your home, now is the time to make sure your house looks its best.

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If you have a good agent, this will take far less time but you need to make sure you look at any properties you are considering to ensure they are right for you.

Don’t get caught with a property that needs immediate attention (roofs, furnaces, walls, bathrooms, etc) and funds that you don’t have.

If there is a false or inaccurate mark on your credit history, you can fix it yourself without paying a fee to anyone by contact a credit reporting company directly.

The Commercial Real Estate Market in Florida

Florida has a lot of things to offer. It actually plays as a run away paradise for tourists and visitors because of its beauty.

Florida has many beaches get away ideas. And there are heaps of recreation to take advantage with such boating, skiing, dock to yacht, and the like. Having all this makes tourists to be attracted to take advantage its privileges.

Commercial real estate in Florida for shopping malls is considering an alteration for the adapting the needs of the present day shopper. Florida commercial real estate re-sales are rising. Those you are raring to buy real estate come from minority groups such as Latin Americans and Asians.

A new concept in Florida real estate is the Open-air commercial real estate, which is taking charge lately. Enclosed malls are gradually surrendering their control to open air centers. Since open air centers has a lot more features and space to offer than traditional walled mall.

Adaptation and redevelopment are actually the key ways to increase in commercial real estate business in Florida. Since people are usually looking for convenience and ambience, and Florida have these factors to offer.

Now, if you are searching for commercial real estate property in Florida, it is better for you to distinguish what kind of business you wanted to be into, and your preferred location. There is varying of array of commercial properties that you can consider, from office space to retail establishments.

Whatever commercial property you are looking and interested to, there are lot of categories of real estate properties to consider so limit down your search. Retail properties, is one category to consider, which covers shopping centers and malls, franchise locations, chain store sites, showrooms, retail sites and shops.

Office buildings, business parks, commercial rental properties, residential developments and net leased properties are investment properties. Industrial parks, resort properties, waterfront property and land tracts fall under land brokerages category. And there are also high-tech property areas which particularly for research and development parks, medical laboratories, and call centers.

Hotel and resort properties category covers hotels, convention centers, stadiums, motels and theme park sites. Distribution and industrial properties category covers warehouses, factory sites, airports, distribution facilities and mills.

Amidst of high prices, Florida is usually an attractive and popular place to start business. Hillsborough, Pasco and Pinellas Counties in Tampa Bay; Fort Myers and Cape Coral area in Southwest Florida; Martin, Miami-Dade, Broward, St.Lucie and Palm Beach Counties in South Florida; Sarasota and Manatee Counties in Sarasota; Duval, Clay, Putnam and Nassau Counties in Jacksonville/Northeast Florida; Orange, Seminole, Lake, Polk, Osceola and West Volusia Counties in Orlando / Central Florida and Leon, Franklin, Jefferson & Wakulla Counties in the Tallahassee area are all the place you can look up to choose which interest you the most.

Whatever places in Florida you can choose from to make an investment, you will definitely not regret it. Since Florida has the best commercial real estate to offer, all you have to do is choose which property you are interested to invest with. Florida is certainly known to be a good location for business.

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Many people who have sold their own homes have gotten the sale process tied up by a buyer who cannot secure proper financing.

Having bad credit does not necessarily mean you are a bad person.

This choice of fixed rate as the best mortgage rate is based on the predictability associated with the fixed rate.

Nowadays broker performs all essential business activities.

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foreclosure there is another group of people who faces big problems in the form of taxes These are the buyers who have purchased second and even third homes for investment purposes During the most recent housing boom there were a lot of individuals who purchased homes for their retirement There were also those who took advantage of the good market conditions and

Commercial Real Estate Myths Dispelled: Myth #1: Commercial Real Estate Is Not For Ordinary People

People are naturally inclined not to trust what they don?t understand. The same is applicable to commercial real estate investing. It?s a natural phenomena when confronted with something new, different or seemingly over your head.

But when it comes to commercial real estate investing, that belief can cost you a small or large fortune.

For instance, when I first got started in real estate, one of the biggest challenges I had to get past was the idea that commercial real estate was too complex for me. That it was for the ?big boys?.

Even residential real estate agents suffer from this same mindset. They too believe that in order to break into commercial real estate they have to be promoted.

Nothing could be further from the truth.

For those with a determined mind to get involved in commercial real estate, the challenges are easily overcomeable.

But like all, myths the idea that commercial real estate investing is too complicated for mere mortals is grounded in a bit of fact. Commercial real estate does seem complex.

So let?s dispel this myth right now.

Would you file your own lawsuit?

How about fly your own jet?

What about do your surgery?

Or how about even filing your own tax return.

Would you do surgery on yourself?

I think you?ll agree these things are complex if you tried to do them on your own. But ordinary people get them done everyday.

So what?s the truth?

The truth is that the most successful investors, whether novice or experienced, use professionals and experts when some ?heavy lifting? is required. The details of tax, law and finance are better off left to them.

If there?s one area where you should spend you time and become an expert in is the market where you have your real estate. This is one area where you should spend your time.

Knowing your market, knowing the mindset and behavior patterns of your prospects will pay handsome rewards for your long term.

Leave the complex topics to the people who know how to deal with the complicated stuff. That?s the best strategy for success for the up and coming commercial real estate investor.

So as you can see, there?s no reason to be intimidated by commercial real estate. The benefits and advantages of investing in commercial real estate far outweigh the disadvantages or unforeseen complications you may occasionally come across. And even then, there are experts who can support you in your efforts. They are rather inexpensive when you look at it in this light.

The only time they get expensive is when you try to do it on your own and then unintentionally make a mess.

Put these professionals on retainer and use them. That?s what they are there for.

About the Author:

Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

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Rest assured it is not an entirely subjective process, but rather methodical and universal.

It is important to note that you should not depend on an appraisal to help you determine if the home is in satisfactory condition; this is a job for a home inspector.

An appraisal is really meant to protect the lender.

Once an appraiser finds comparable properties, they will make some adjustments.

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When having a home appraised you should have an appraiser that is an objective third party.

Another important consideration in most home value appraisals is that most of the lazy appraisers just send an unlicensed assistant for home value appraisals and take the home’s picture.

Any issues an appraiser feels can be harmful to the value of the property.

A neighborhood side-by-side comparison is the main indicator of how much your home is valued at.

If you are selling your home, the buyer normally pays for appraisals.

If your home comes in valued less than the sales price of your home, the buyer of the home can decide that he won’t pay as much for the property and the sales price can be renegotiated.

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Home value estimates may be at times inflated slightly (anything from two to 10 percent) to give scope for leeway in negotiations.

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Another important thing for accurate home value appraisals is to provide a written list of your home’s features and current comparable nearby sale prices.

Take a look at the other properties in the neighborhood; these comparisons will be made in detail in the appraisal.

Your house loan approval is dependent upon the outcomes of the real estate appraisal; it is as easy as no appraisal, no loan.

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At the very least the lawyer can give you questions to ask at your lending institution, like is your mortgage assumable?

There isnt anyway that you can instantly clear a bad credit rating just by paying someone a fee.

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To help you with this important factor in your life, student loans are available to help you go through college education.

One of the most common challenges for new and sometimes even for experienced real estate investors is getting deals funded.

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foreclosure there is another group of people who faces big problems in the form of taxes These are the buyers who have purchased second and even third homes for investment purposes During the most recent housing boom there were a lot of individuals who purchased homes for their retirement There were also those who took advantage of the good market conditions and

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By Patrick Riddle If you have been in the real estate investing arena for very long you have probably heard the term hard money used a few times To clarify this subject let me explain exactly what hard

Buying Guides of Commercial Real Estate

Buying Guides of Commercial Real Estate

If you are looking for the perfect storefront or an apartment complex to generate some extra income, commercial real estate can be a solid investment. Halfvalue enables you to search for commercial real estate properties nationwide. These are few guidelines which will help you to buy a perfect commercial real estate.

* Find out Commercial Real Estate Commercial real estate is potentially any real estate other than a single-family home. The term generally applies to office buildings, apartment complexes, retail properties, warehouses, educational buildings, and manufacturing facilities. Commercial real estate can already have a business on it, like a gas station or a restaurant. It can also be unused space, like a vacant lot or mini-mall.

* Goals of Your Commercial Real Estate Buying commercial real estate can be a good way to invest your money. Most people start buying commercial real estate for one of the following reasons: a specific business use, extra rental income, or to build equity.

* Build equity with Commercial Real Estate Equity is the value of the owner’s share in a property. When you finance a large sale commercial real estate purchase, you’re borrowing the money from the bank and slowly paying the bank back. With each dollar you pay back, that much of your equity is growing. Think of it as the ultimate piggy bank, where every dollar you put in gives you a little more of the property. And if your commercial real estate property appreciates, that single dollar can end up being worth more than a dollar. As the value of your commercial real estate property increases over time, so does your equity.

* Plan Commercial Real Estate Investments No matter what kind of commercial real estate property you buy, real estate appreciation is usually a slow process. You’ll need to make a solid plan and account for potential problems.

* Finance Commercial Real Estate Before you secure financing, it’s important to know exactly what you can afford and how much risk you’re willing to accept. Determine whether the rental rates can support the expenses of the property, including but not limited to the loan payments, taxes, insurance premiums, and repair and maintenance.

* Pick the right Commercial property Before you can decide what kind of commercial real estate property you want to buy, it’s important to take into account your skills, ability, and the amount of time you want to put into it. If you can afford a 10-unit apartment complex but don’t have the time (or the stomach) to deal with 10 different tenants, then maybe a duplex is more your speed. If you’re a do-it-yourselfer, then maybe you can buy a fixer-upper and make more money by doing the work yourself.

* Tax and investment goals Consult an accountant and make sure you structure your investment to meet your tax and investment goals. There are many commercial real estate books available on Halfvalue to help. You learn more about buying commercial real estate property and how to make it work for you.

* Buy Commercial Real Estate With Confidence The information contained in this Buying Guide is intended for general information purposes only. You should conduct your own due diligence into all aspects of a real estate purchase and depending on your situation; you should get assistance from experts, including a licensed real estate broker, a property inspector, title/escrow company, attorney, and/or financial advisor.

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