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BARWA Real Estate to launch flagship project in Qatar by November (Mena Report)

October 31, 2008  //  Posted by: Yahoo! News Search Results for real estate investing  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News
BARWA Al Khor, a subsidiary of BARWA Real Estate and a leading master developer of high profile projects, announced that it will be launching a massive flagship project, which is being dubbed one of its largest development projects in Qatar, by the first week of November.

The Benefits of a 1031 Tenant in Common Exchange

October 31, 2008  //  Posted by: Grant Conness  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News

A Tenant in Common 1031 Exchange, a (TIC), allows the owner of investment, business or income producing property to exchange it for a fractional ownership in another large commercial property or multiple industrial grade properties. When the IRS requirements for this type of exchange are followed, capital gains and depreciation recapture taxes may be deferred. A Tenant in Common investment offers the possibility for cash flow while freeing the owners of property management headaches.

13 Benefits of a 1031 Tenant in Common Investment:

  1. Upgrade your present investment into institutional grade commercial real estate
  2. Defer 100% of capital gains tax and depreciation taxes
  3. Professional property management
  4. Diversify an investment portfolio
  5. Potentially increase cash flow from the investment
  6. Cash flow from properties may be partially sheltered due to a new depreciation schedule.
  7. Diversify real estate holdings over several geographic markets
  8. Diversify real estate ownership in several different asset classes (hotels, office buildings, apartment buildings, industrial complexes, etc.)
  9. Gain the potential for long-term high quality leases with tenants such as government entities, Fortune 500 companies
  10. Ease of acquisition of the Replacement Property within the IRS required 45 Day period. The investor can take advantage of due diligence that has been completed on property offerings of TIC sponsors .
  11. Investor may benefit from appreciation of the Replacement Property if it is sold.
  12. A TIC is a valuable estate planning tool as it can be willed to heirs.
  13. Heirs receive the potential for a stepped up basis upon the TIC owner’s demise.

Risks of the TIC Exchange

As with any investment in real estate, there are risks associated with TIC ownership, including fluctuations in the real estate market that may impact the value of the property. The following risks may also be associated with investment: illiquidity, economic risks due to vacancy rates, default if unable to pay mortgage and possible loss of principal. TIC ownership requires unanimous approval to take major action, such as a re-finance or sale. Obtaining unanimity may be difficult when 10 or 20 investors are involved. It is not possible to address all relevant risk factors in this forum. Risk factors are outlined in the Private Placement Memorandum for each offering. Investors should thoroughly understand all risk factors and discuss them with their financial representative prior to investing in a 1031/TIC offering.

The investor who is considering a 1031 Tenant in Common Exchange should evaluate possible Replacement Properties prior to closing on the sale of his present real estate holding. A 1031 TIC Exchange presents an opportunity to expand your investment portfolio, potentially improve cash flow, and should not be overlooked.

Photo Credit: Chris Gin

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This Article is Copyright © 2004-2008 BiggerPockets, Inc. All Rights Reserved.

The Benefits of a 1031 Tenant in Common Exchange

Landlords: Learn How to Find Average Market Rents for your Area

October 31, 2008  //  Posted by: Troy Schuricht  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News

If your in the market to buy a rental, knowing the expected rental rates should be part of your due diligence.   The following will help you find the average property rental price in your area.

  1. Read your local newspapers. As you read through the classified adds, make sure you are comparing apples to apples.  Homes with swimming pools and 4 bedrooms is not the same as a one bedroom studio.
  2. Consult your Realtor.  Hopefully your real estate team has working knowledge of rentals and can utilize the MLS to help narrow down the rental price range.  Be sure and ask for documentation of their comparable.  Use your advisors to help gather information and to give you feedback, do not rely on them to make your decisions.
  3. Go online.  Most metro areas now have online classifieds like craigslist.  This along with other sites can give you great information.  Go google…
  4. Go drive around.  As I drive to and from work I notice a number of rental signs.  If you have a location or area targeted, or you just bought a rental, beat the street.  You can learn a lot just by calling your competition.

Remember that rents collected is an important part of cash flow.

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This Article is Copyright © 2004-2008 BiggerPockets, Inc. All Rights Reserved.

Landlords: Learn How to Find Average Market Rents for your Area

Investing Guidelines in Miami Condo Real Estate (Turks.US)

October 30, 2008  //  Posted by: Yahoo! News Search Results for real estate investing  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News
Well, let me tell you that one of the most known real estate market out in Miami is the condo real estate. A Miami condo is a common option for people who are moving on from a rental property to a place they can call their own.

What Can Barack Obama Teach You About Real Estate Investing?

October 30, 2008  //  Posted by: Jason Hanson  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News



I’m in Florida all this week, and I’ll be spending Halloween in Tampa (so, if I have too much fun and end up in jail or drowned in the ocean, you may not hear from me for a while…..especially if I drowned). By the way, I decided I’m going to be Uncle Sam for Halloween (I love this country, what can I say).

It’s been an interesting week so far. First, I got a call from one of my tenants that they think another of my tenants got murdered……basically, the one tenant disappeared a week ago and the homicide detectives are now involved. Also, I’m in the middle of my first eviction ever. I’d say after 5 years and dozens of tenants, doing my first eviction isn’t too bad…..it’s all part of the business.

Anyways, this week I want to tell you what Barack Obama can teach you about real estate investing (and yes, those of you who know me know that I’m a die hard Republican, but I respect all successful people). Many people wonder how Obama came out of nowhere, defeated Hillary Clinton and is now close to being President. Well, it’s because he has run a brilliant campaign, surrounded himself with brilliant strategists and is raking in millions of dollars in donations. In the last few weeks, I’ve had two Obama supporters knock on my door and zero McCain supporters.

When it comes to being successful it doesn’t matter if you’re the most qualified, have more experience, or are the smartest. What matters is if you know how to “play the game” and run the best systems/strategies. As Obama is getting millions in donations, how much private money are you lining up, or how much private money do you have access to? To be successful you have to have access to other people’s money (never use your own). Also, take a look at your power team. How smart and successful are the people that you’re surrounding yourself with? Do you have a top notch lawyer, accountant, handyman, and title company?

Most importantly, what does your marketing system look like? Obama’s marketing system is one of the main reasons he is almost President. The combination of TV commercials, direct mail, door knockers and radio ads allows him to “touch” millions of people and get his message across. I can pretty much guarantee that if you’ve had a bad year of investing, the majority of it is due to terrible marketing systems (probably a lack thereof).

Alright, I’m off to Clearwater beach. Have a fun and safe Halloween, get your marketing systems in place, and start getting some private money (5 years from now you’re going to shoot yourself if you don’t do everything you can to take advantage of this market). Also, for the new people or those who are struggling, next week I’ll show you the marketing systems you should have in place.

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This Article is Copyright © 2004-2008 BiggerPockets, Inc. All Rights Reserved.

What Can Barack Obama Teach You About Real Estate Investing?

Cold-Weather Landlords - Get Ready For Snow Removal

October 30, 2008  //  Posted by: Brendan O'Brien  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News

Plows by retiredtowmanThis post is really for snow-belt landlords.  Here in New Hampshire, snow season can start as early as November and continue into May.  Unless you are renting SFRs, or have some other arrangement where the tenant is responsible for outdoor care, it is up to you to take care of the snow and ice on driveways and parking lots.

It helps to look at snow removal through the tenant’s eyes.  This is one of the areas where they absolutely depend on you.  After all, suppose there’s a big storm and you don’t take care of the snow.  Now the tenants can’t get out of the lot, which means they can’t get to work… or to their appointments.  Depending on the timing of the snow and their schedules, your bad snow removal efforts might mean they can’t get into the property.

Could you also invite tenant lawsuits through a bad snow removal effort?  After some brief research on the Internet, it looks to me like you would win a lawsuit - which doesn’t mean you would avoid the huge hassle.  In any case, the biggest reason to provide effective snow removal is that it’s the right thing to do.

So how are you going to do it?  You basically have three options, each with advantages or disadvantages.

Option 1 - Do it Yourself

The number one advantage of doing your own snow removal is that you will do it.  The number one disadvantage is that, well, you have to do it.  Because they are your properties and your tenants, you can (presumably) be counted on to get the job done.  However, that also means you will be getting up early, driving through heavy weather, and arranging your personal schedule around the lives of your tenants.

You will obviously need a plow truck and a plow.  You must also learn how to do the job.  Plowing is not as simple as it looks!  I recommend the website www.snowplowing-contractors.com and the associated book.  The proprietor, Chuck Smith, is an encyclopedia of snowplowing.  He knows it the way Bill Belichick knows football.

Obviously d-i-y snow removal makes a lot more sense if you already have a truck and plow, if your properties are close together, if you live close to them, or if you already do some contracting that might extend to plowing for a fee.

Option 2 - Hire a Contractor

This is what most of us will do.  It’s by far the simplest solution.  Unfortunately, you may have to go through a couple of contractors before you find someone who will do the job to your (and the tenants’) satisfaction.  You can eliminate some of this pain by choosing carefully, making your expectations clear, and following up. 

You should never, ever hire a snow removal contractor more than one town away.  This is because snow conditions can vary greatly over just a couple of miles.  They can look out their window and see an inch on the ground, while six inches have fallen on your property.  Start your search by asking other local landlords (ask at your landlords’ association meeting).

A good snow removal contractor will do the job the way you want it.  You will want to determine how early he should make his first visit if there is overnight snow, and how often he should come by if there is continuing daytime snow.  Check with the tenants to make sure they don’t have to leave extra early.

Your primary responsibility to the snowplower, and to any other good contractor, is to pay him.  Good contractors are worth their weight in gold.  They certainly deserve prompt payment.

Option 3 - Hire a Tenant

Don’t do it!  I never recommend hiring tenants for any purpose other than doing work inside their own units, and even then very rarely.  But if you really want to hire a tenant (don’t do it!), follow these rules and you’ll be slightly less disappointed.

1) The tenant must provide his own equipment.
2) The snowplow agreement should be separate from the lease (you should be able to cancel one without cancelling the other).

3) The tenant must have been a tenant in good standing for at least a year.

The Tenants’ Responsibility

Each tenant is responsible for clearing sidewalks, doorways, steps and porches by his unit.  Tenants are also responsible for moving their cars if they don’t want to be plowed in.  Make sure your tenants know that they may get plowed in from time to time if they don’t move their cars; that the snowplower will not make special return trips to plow an area that was blocked by cars; and that the snowplower and you are not responsible for damage to anything left in the parking lot other than a car.

Good luck with your efforts and we’ll see you after digging out next spring!

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This Article is Copyright © 2004-2008 BiggerPockets, Inc. All Rights Reserved.

Cold-Weather Landlords - Get Ready For Snow Removal

BARWA Real Estate to launch flagship project in Qatar by November (Mena Report)

October 30, 2008  //  Posted by: Yahoo! News Search Results for real estate investing  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News
BARWA Al Khor, a subsidiary of BARWA Real Estate and a leading master developer of high profile projects, announced that it will be launching a massive flagship project, which is being dubbed one of its largest development projects in Qatar, by the first week of November.

Real Estate Pitch Fest Seminars . . . You Bring it Upon Yourselves.

October 29, 2008  //  Posted by: Rosie Nieto  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News

Well it’s true.  Why do I know this? Because I run my own real estate club  where we bring investors quality education and networking  at an affordable price without all the hype. What this means is that my meetings and events stay away from the “pitch fest” that one might experience at other events.  Sounds like a great plan right?

BUT - here’s the bad news. 

Even while we remain a pitch free zone, we still have valuable information that is for sale at times.  For instance, in the past 4-5 months I have promoted speakers with affordable education for sale.  All of whom are my mentors and coaches and that I spend my own money on.  One had a $395 product to teach due diligence with out of state investing and also had some great out of state deals available,  one had an all day class for $249 to learn “creative real estate investing 101″, and one offered a free weekend of learning - which remained sales free, until the very end and even then it was such a “soft pitch” that I barely even knew he had something for sale.   Does it sound like I need to hard sell these great classes?  Everyone asks for affordable quality education.   But when it comes down to it, it seems we are all so conditioned to go to those “pitch fest” seminars and buy buy buy, that we don’t seem to recognize or trust that we will get more value out of these affordable learning opportunities than from any sales fest weekend. 

I’ve heard so many horror stories from investors about how much they’ve spent on terrible guru product and mentoring and say they “didn’t get anything out of it”.  It breaks my heart!  I ask you… why on earth would someone rather go to a pitch fest and drop several thousand dollars or more, than go to a low key pay-up front $300 class to learn directly from the teacher?   Really.  I’m asking you.

Well, I presented that question to at least 50 investors this weekend and their answers were as sad as I thought:  “I got caught up in the frenzy”, “It sounded good at the time”,  “Pressure to buy it then” and the best answer was “I don’t know”.   All of them said they hated these kind of pitch fests seminars. 

I asked a speakers coach WHY oh WHY do speakers keep having these pitch fests if the attendees hate the way the speakers sell like this?  His very SAD but TRUE answer was…. because people keep buying!  Ah duhhh… it’s not brain surgery.  People keep buying, so why change what IS STILL WORKING.   One of the most horrific answers that was heard from another speakers trainer was “watch what people do - not what they say”.  Which - in a nut shell, means “so what if investors hate these pitch fests - they still buy… so why fix it if it ain’t broken?

So folks…in order for people like me who want and deeply desire to  stop the madness, YOU must stop the madness first. 

Don’t buy from these pitch fest weekends.  Stop buying junk product that you don’t need.  Stop signing up for junk $15,20,30K mentoring that never delivers.  If you don’t know what is junk and what is good- WAIT to purchase, come to a site like biggerpockets, go to the forum about Guru Product and ask your peers what they think.  Always!  If you don’t know for sure about something -get feedback and get recommendations first.   We get recommendations for small things like restaurants, a manicurist, a car wash, a dry cleaner - but we don’t stop to get recommendations for expensive guru product and mentoring?  Whass up with that?

Don’t get caught up in the Feeding Frenzy! 

You don’t need to be afraid if you don’t buy the product right then and there that you will miss the “special price” they are offering!  Believe me - you can get that same price the next day, the following week, or just wait until the next pitch fest and you can get it then!  That “special price only NOW” is the biggest scam of them all.  Well that one and the “we only have 10 left!”  or “For the first 10 people only”…  LOL.  Scams - all of ’em!  No need to run to the back of the room.  You will still get that product for that price even if you ordered it next month.

Just slow your role, think about the anarchy that you might be contributing to and step away from the table… 

Help me, help you! Help me, Help you!  - Jerry McGuire

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This Article is Copyright © 2004-2008 BiggerPockets, Inc. All Rights Reserved.

Real Estate Pitch Fest Seminars . . . You Bring it Upon Yourselves.

REIT or wrong? Target’s real estate challenge (Pioneer Press)

October 29, 2008  //  Posted by: Yahoo! News Search Results for real estate investing  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News
The clash between an activist shareholder and Target Corp. went public Wednesday, with both sides airing their differences over a real estate proposal that shareholder William Ackman says will jump-start the retail giant's stock price.

Commercial real estate buyers not biting at current prices (Market Watch)

October 29, 2008  //  Posted by: Yahoo! News Search Results for real estate investing  //  Category: Guest Articles relating to real estate investing, Real Estate Investing News
Turmoil in the credit markets and economic weakness has virtually frozen the commercial property markets, with buyers reluctant to commit as prices fall and sellers refusing to deal unless forced to by financing constraints, a panel of real estate financiers said Wednesday.
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