REAL ESTATE INVESTMENT-INVEST IN SOUTH INDIAN PROPERTIES
Released on = October 17, 2006, 2:18 am
Press Release Author = MONISH
Industry = Real Estate
Press Release Summary = Land in \"GODS OWN COUNTRY\" a south Indian destination ranked as top ten best destinations in the world. Booming sales in Indian real estate market. Market going up day by day with low investment. Make money in Indian real estate market. Also available worldwide real estate market.
Press Release Body = cochin, kerala , 11-10-06
Real estate investing is a great way to build wealth world wide. The only problem is everyone wants to be involved in real estate, but most don\'t know how. They think they will do it when the time is right, which it never is. The time is right now, as right as it ever will be. That being said, many new investors jump into the market without a good game plan and fall out just as quickly as they jumped in. If you are new to real estate and want to look at the most deals (qualified leads, not houses on the MLS) you need a good marketing campaign. There are many ways to generate leads from motivated sellers. You can use direct mail, street signs, flyers, business cards, newspaper advertisements and more. You can target pre foreclosures, you can try to buy at the courthouse steps or you can search the MLS with a realtor for run down houses. All of these marketing angles have a chance of leading you to a deal. However, if you want to shoot fish in a barrel you have to think on a much higher level. To produce your own television commercial can cost tens of thousands of dollars. However, it is one of the best ways to find motivated sellers of real estate that there is. Billboards are another good way to locate motivated sellers too, but they are very expensive. The new real estate investor usually cant afford this king of advertising expense and even if they could they don\'t have an established system of buying and selling houses. There marketing money could quickly get flushed down the drain if they don\'t know how to close deals and handle the pitfalls that they will inevitably face when dealing with real estate issues. One thing is for sure when it comes to real estate.....there is no such thing as a smooth closing. Not knowing what to do and when to do it can bankrupt a new real estate investor. \"How can I get into real estate and reduce my risk, maximize my dollar and learn all at the same time\" many people ask. There\'s a couple ways. First, you can spend thousands of dollars on a mentor. The flip side to that is that you never really know what you are getting and even if you find a good one, there\'s no established marketing plan, no established company, no established game plan, no strong way to find deals and you are at the mercy of that person. Mentor is a good idea though, don\'t get me wrong. In my opinion, there are better ways to get the best out of your real estate investment opportunity. My recommendation is a franchise. There are a few real estate investment franchises available. Two that come to mind are Home investors and Flanagan Properties. Both have catchy trademarks and proven, established systems that produce results. Flanagan Properties is based in Central Florida and market with 30 minute infomercials on a regular basis throughout Central Florida. They use the trademarked slogan Lucky Buys Yucky Houses and have a little leprechaun running around throwing cash in the air during the infomercials. They also run regular TV commercials on major networks and have billboards all over as well. Having rehab bed over 470 properties in the last seven years and collected over 600 apartment units I\'m often asked, how can I become wealthier faster investing in real estate? While most investors concentrate on some aspect of single family houses, I was always interested in multi-units (apartments) first, and then single family homes as a means of getting more multi-units . From the very beginning of my investing in real estate, I liked the idea that a group of people (the tenants in a building) would get together and pool their money to pay down the mortgage on a property, and I liked the idea that they would also pool their money together to pay for all of the maintenance work for a building. I especially liked the idea that they would give an owner so much money that the owner would have a bunch of money left over at the end of every month that could be used to either re-invest, save or to go out and have a good time with. Essentially, I like the idea that other people were willing to help make me wealthy. I liked it even more when I started using management companies to manage my properties and no longer had to have contact with my tenants. I soon came to realize that I could also wholesale, retail, pre-foreclosure, rehab, subject to and lease option apartment houses as well. I also realized that there were certain advantages that investing in multi-units buildings had over single families. The first was cash flow. Cash flow on a multi-family is always greater than that of a single family. Simply because you have more rents coming in. The more units you have under one roof, the less risk you have. If you have a single family house and you lose your tenant, you\'ve lost 100% of your income. In some instances, this could be your entire profit for the year. If you had a three family and lost a tenant, you still have two rent coming in to pay your expenses. Economies of scale are in multi-unit buildings. If you have six single family houses opposed to one six family, you have six roofs to be replaced or repaired, six lawns to be maintain, six tenants spread out through out your city or town. In your six family you have one roof, one lawn and your tenants are centrally located. Economies of scale are in your favor. There\'s a lot less competition than there are in single family houses. Why? Because no one is out there teaching how to do it and all the single family guru\'s make flipping single family houses sound as easy as chewing gum in the dark. The smart investors put multi-units in their portfolios along with single family houses. Because of the bigger cash flows, you can afford to hire management companies to manage your tenants, thus eliminating that hassle while you go out and do what you do best (or should do best), find and finance them. Your pay days are a lot bigger when you finally sell your property. This is because an apartment complex cost more than single family homes, because of this they obtain a greater dollar amount of appreciation. For example, a $100,000 single family house will in a market that appreciates 10% will be worth $110,000 while a three family house worth $300,000 in the same market (10% appreciation) will increase to $330,000. That\'s $20,000 more money in your pocket!