Vincent on Feb 19th, 2008Prague Investment Property
Holešovice in Prague 7 is about 2.5 kilometres north-east of the historical city centre, in the curve of the Vltava River. The area is home to the Holešovice Exhibition Ground, T-Mobile Arena and the Sparta Praha Football Stadium. There is a mixture of buildings in Prague 7, including many old, architecturally beautiful buildings for which Prague is famous.
In the past year and a half there has been an increase in the number of old-style buildings restored to their former glory. The freak floods of 2002 brought damage to Holešovice but happily, since then, the government has invested in river flood defenses to levels higher than those reached by the floods of 2002. As a consequence of this the area of Holešovice is experiencing exciting growth in new residential and commercial development and regeneration in the area.
Vincent on Feb 12th, 2008Banks Want to Sell Real Estate Investors Their Default Properties!
You may think that negotiating with banks in order to get them to give you a discount on their property is practically impossible! It is possible and real estate investment deals go through with the bank every day. Here’s why.
Why You can Get Discounts on Default Properties
Vincent on Feb 11th, 2008You Too Can Cash in On the Pre-Foreclosure Market
You’ve probably heard a lot of people saying that the real estate market is a great way to make money and a great way to increase your returns. Well, they are right.
There are lots of opportunities in real estate for making profits, everything from flipping homes to buying defaulted mortgage notes and it’s all a consistent step-by-step process that’s simple to work once you know how.
Vincent on Feb 11th, 2008Real Estate Investing - Are You Making This Elephant Sized Problem
The other night I was flipping channels when I stumbled upon a special about elephants. A researcher had been following a group of elephants for the past 15 years and was documenting his findings. Though I am not by any means an avid elephant fan, I found the show very enjoyable.
One of the elephants that he had been researching had just passed away at the tender age of 62. He said that when an elephant dies all of the history and knowledge that the elephant had acquired over their lifetime dies with them. The thought when left alone seems rather elementary. However when I thought about it on a deeper level, it brought to mind how lucky we are to have written communication.
Vincent on Feb 10th, 2008More and More Real Estate Investors are Seeking Out Private Money Lenders
Private money lenders are the only real option for anyone that wants to buy property with little or no money down. The late night infomercials make it sound easy, but they are in the business of selling books, videos, software, etc. They are not in the business of making loans.
With a conventional bank loan, you will be required to put down or up, depending on how you look at it, 20% of the purchase price, meaning they might be willing to finance 80%. But, what about repairs and closing costs? That money comes out of your pocket.
Vincent on Feb 10th, 2008Property Bargains Available in Spain
The Spanish property market is not melting down, contrary to what you may have read. In fact the market for quality property is holding its ground, so forget that fantasy of bagging a nice villa for a song. But it is also a buyer’s market, which means bargains can be achieved, though if you want quality, you have to pay the price
The event that sparked the doom-laden headlines was a fall in the Spanish stock market on 24 May. Jittery investors dumped property company stocks, dragging down the Spanish index and other European stock markets for good measure (London fell 0.77%). The stock market has not recovered its confidence in Spain’s housing market, and most of Spain’s quoted property companies have lost 25% to 30% of their market capitalization since February.
Vincent on Feb 9th, 2008Canadian Real Estate
When it comes to investing in Canadian real estate properties, anytime is considered to be the best time to invest!
Today the Canadian real estate is so wide and high it gives you numerous opportunities for real estate investors across Canada. Sometimes it can be easier or difficult to discover the right properties, but there are always some properties that are neglected or in poor condition which you can choose. These properties simply wait for the motivated buyers! Properties like this make a great buy at any time no matter what the status of the market is.
Vincent on Feb 9th, 2008Guidelines for Investing in a Single Family Home
Investing in a single family home is a great place to start your real estate investment career.
The main reason is that if the transaction is handled properly, you can get in with very little down, thereby being able to take advantage of leverage.
But don’t count on this type of investment being too profitable in the beginning. You can expect a fair rate of return, a tax shelter and a good chance for capital appreciation over the long term, but you might have to settle for a negative cash flow in the beginning.
Vincent on Feb 9th, 2008What is Depreciation? And why is it important to understand?
One of the first questions that comes up when people start talking about real estate investments is the tax advantages of being able to depreciate the property year after year. Most people question why you can depreciate an investment property, since real estate as a whole generally appreciates (goes up in value) over time.
The short answer is that when you own a piece of real property, whether as an investment or as a principle residence - you actually own two individual assets: the land, and any improvements (buildings). The land - goes up over time and generally carries the improvements with it. But since they are susceptible to wear and tear, maintenance, upkeep, etc. - the buildings will depreciate over time, and the government allows you to write this off on your taxes to reflect this.
Vincent on Feb 6th, 2008Flipping Homes Is Not For The Uninitiated!
Ask anyone who considers the idea of flipping real estate, and most likely they have the notion that to flip real estate you need to do little more than purchase a house low, fix it up for little, and then sell it for a lot. I wish flipping homes was that simple.