What is Pre-Construction Real Estate?

Pre-construction real estate is the property which is sold by the builder to the investors after the planning is complete but the construction yet to take place. Actually suppose a builder buy a land in Florida. Let’s suppose that they want to build 200 condos on that land. Let’s suppose that he goes for finance from any of the bank. Its quiet sure that bank will ask him/her to sell some condos before construction. He will then only get the loan if he sells some of the condos. These types of properties are called pre construction real estates. Pre construction real estate can earn you millions of rupees for both investors and builders. However it has some pros as well as cons.

Let’s suppose that a builder buys a land. He decides to build 100 condos over it. He will definitely ask for loans from bank. Bank will tell him to sell some before taking loan. Suppose the cost of each condo is $300000. The builders call for some investors and give them the offer to sell a condo at $270000. He also asks to pay $10k advance as a registration fee. This fee is refundable. The builder goes to the bank and gets its loan finalized.


The builder can then ask more investors for the similar deal. Once the deal is finalized, he asks them to deposit 10% more which is non refundable. You pay that amount and the developer starts building condos. You now wait for the condos to finish. Suppose the deadline is 12 months. After twelve months, suppose the price of the condo increases by 10 %. As a result the actual value of condo is increased to $330000 from $300000. After finishing you give the condo on rent. You see that the price of the condo sees a yearly increment of 5%. Now you decide to sell the condo. You find out that you have earned around $97000 as profit on condo.


Types of incentive offered by developer to investors:


Following are some types of incentives:


1.Below market value price.


2.Cash back after closing.


3.Free upgrades.


4.No properties taxes for two years and so on.


Pre construction increases the effort of the investor but the fruit is so sweet that every one is ready. Pre construction is fruitful both for developer and investors. You are required to do some homework but you will really appreciate for what you will get in return. Pre construction is the headache of the developers. You are only required to buy it. These ways both of you are benefitted. Developers get their loan sanctioned where as the investors earns a profit without much effort.

Real Estate Guidance Classes


Real estate is one of the most interesting careers which you will have ever come across. You should expect the great profit as far as the real estate are concerned. Either it is the foreclosure deal or wholesaling deal, you will end up with profit and nothing else. However if you have ever dealt with the real estate property then you would have realized that you have not earned the full profit. You would have also realized that sometimes you might have given more money for purchase. This is really very common and hints to only one direction and that is, you should have proper knowledge in order to succeed in the field of real estate.

There are many courses which you can pursue so that you can increase your knowledge. You can really go for these courses. I will list some of the courses which can be fruitful for you so that you can increase your knowledge:


  1. Foreclosing investing:


You can go for some course which helps you learn the art of investing in foreclosure properties. You will really find it useful and you will be taught all the tricks. For example, you will be taught in which foreclosing properties you should not invest.


  1. Commercial properties:


Buying a commercial property is very different from that of housing property. Commercial properties require much large amount of money. On most of the occasion you will have to go for loan. The loaning rules in case of commercial properties are very different. You will be taught in the course that how should you manage the loan and overall process of buying and selling commercial properties. You will also be taught how to build a new commercial estate with help of loans and how to sell it.


  1. Asset protection:


You should know how to safeguard the asset. You will be taught how to safeguard the wealth and how to succeed.


  1. As far as investing is concerned you can look for following courses:


  1. How to build a fortune.


  1. The way to wealth


  1. Wealth builder action plan


  1. How to safeguard wealth.


  1. The real estate investor plans:


You will be taught about what are the things which one should have while investing in real estate. You will feel really great even while investing if you complete courses like this. I really recommend you to go for it. the most important part of any real estate deal is investment I tell you that you don’t go for any course but make sure that you do at least one course in investment.


Real estate deal is not a joke and you should feel that it is must for you to have a good knowledge if you want to succeed in the field of real estate.

Understand Chicago Real Estate Market


Chicago real estate is not a terror. The functioning in Chicago real estate is same as other states and cities with a slight difference.

Chicago real estate market:


It is similar with others. There a bunch of real estate agents, lawyers and realtors. At present there are 18,397 houses for sale. The average price is $319,000. There are around four new homes. Their average cost is $889,000.forforclosure there around 15000 houses. Their average rate is$ 200,000.


As far as mortgage rates are concerned they are:


Mortgage type interest


15 years fixed


30 year fixed


1 year ARM


3/1year ARM 6.195%








A good credit score is above 700.


Selling procedure:


The selling procedure requires the fixing of the actual cost of the property. You should make sure that the house is appealing and in good condition. You should make sure whether some repairing is required or not. If any repairing is required you should make sure that it is completed.


Buying process:


One should make sure that his credit limit is at least over 700. It might be possible that you might require a loan. And you should be ready to have it.


Real estate agent is common to both. In all cases his/her presence means comfort. They are professionals.


Housing prices are going on reducing. According to the survey organized by OHFEO the price are reducing. However the rate is a bit les in Chicago land.


It’s believed that we have reached the bottom but it’s not really the case. Most of the gain was in the apartment building and not singe family house.


In 2007 the market in Chicago has not fallen but it was a bit slow. According to the survey conducted the first three month of 2007 saw the reduction in the condo rate from 46% to 47%. Some of the luxurious hotels are about to be completed in 2008 and investors have shown their interest in it.


There is an awesome deal for you there is one program which will win you a thirty year fixed mortgage. 4% of the amount will be required to use for down payment and condominium. You should check out for this program as soon as possible. This can be huge for any buyer.


Chicago is big market and it’s a boom for both sellers and buyers. You can hire very experienced real estate agents. In fagot the exam which the real estate agent has to pass is very tough. You will really get high quality real estate agents. According to the survey conducted only 5 % of the deals in Chicago have been affected by forgery. It’s really a safe place to invest.


Real Estate-Investment Tips


Real estate investment is a tricky job. Investors who are supposed to be successful have the follow things in common:

  1. Power to calculate the exact value of the real estate.


  1. Experience the pitfalls of the real estate market.


  1. Have patience.


Real estate is a great business. Some tips related to real estate investment are;


  1. Identify the exact rent and cost of the property: the most appropriate way of identifying the exact rent and cost of the property is to look after the cost and rent of the neighboring houses.


  1. Get specialized in any one of the branches. There are lots to branches in real estate. Some of them are: small apartments, condominium, foreclosures, starter homes and so on.


  1. You should know about the financial statement related to the property. You should know what the loan amount is, down payment etc. these are compulsory to be kept in mind before solid investment.


  1. You should know the details of the tenant. You should know what are their proper histories? You should keep them on rent only after this.


  1. You should frequently check with your accountants about the taxes. You should be in touch of experienced accountants for better tax details.


Investment in real estate is similar to that in stocks. How ever the risk factor is low as far as real estate is concerned.


Let us consider the marketing of real estate. There are many mistakes which an investor commits:


  1. Most of the investors lack in marketing strategy.


  1. Some ways will always be better than others. Go for the best one and don’t stick on one.


  1. Most are found to cross the budget which they fix in the beginning


and many more.


One should always look for the ways which will be fruitful as far as taxes are concerned. Some more tips are:


  1. Look for the cheap real estates.


  1. Go for foreclosure. It really profitable.


  1. Be extra cautious while hiring real estate agents.


  1. If you have guts then go for the disputed properties.


  1. You can opt for wholesaling. This way you will be able to earn lots of profit.


  1. Always bargain before investing in any property.


  1. Go for the best.


  1. Have patience.


  1. Hire good real agents


  1. Give proper time for finding the appropriate real estate to invest in.


Real estate requires extra caution. If you are cautious enough you can be great while investing in real estate.

Real Estate Business: A Learning Experience


Flipping houses is becoming a big trend in the real estate industry. It is a great opportunity to make money from the profits you will gain for every house sold. It is proven that this kind of business could work but not everybody can make it big especially for beginners.

You can see lots of advertising campaigns dedicated to promote house flipping business. There are even shows on the television produced to make people understand how this real estate business works. They say it is so easy that even people with no experience in real estate investment can succeed in flipping houses and make lots of money for a short span of time.


Though you can really gain profits from a real estate business, it is not as easy as it seems. Every business comes with risks. It takes a lot of effort, hard work and dedication to achieve success. You have to carefully plan your actions and look at every angle before making a decision.


House flipping business requires a small start up cost. You can pay only the down payment to get an old house. It is up to you now how to fix and repair this house and turn it into a beautiful one. One mistake beginners make is hiring a bunch of workers to do the repairs and fixing. As we all know, contractors have other jobs booked so you have to wait until prior commitments are done.


You will now make the contract and set a fix amount to pay for the whole project. Hiring contractors will cost you about thousands of dollars. In most cases, contractors require a deposit to be made before they start a project. When the contractor encountered some troubles and cannot continue with the project you will have no other choice but to hire another set.


This could take a long time and as months go by, the project will cost you more because of the house payment you have to make every month. This is in addition to project cost like contractor’s fee and construction materials. In short you will not lose your money but you will not make a fortune either. That is not bad for a first timer.


To prevent this from happening, buy a house that needs simple repairs. You can hire just a few men to do these repairs and you can even help in some areas to speed up the job. If you feel you must really hire a contractor, be sure to specify a deadline in the contract to make sure the job will be completed on or before that deadline. Instead of listing with a realtor, market your own house and make sure you know the right market value of your property.


Learn from the mistakes you have done from previous experience and make sure you will not repeat the same mistakes again. Do some research on real estate business to acquire useful tips and strategies. Read about people who are into real estate business and learn from their personal experiences.

Real Estate Agent Cash Crisis and What You Can Do About It

Many real estate agents are suffering financially. Possibly this is you. It is unfortunate but houses are selling much below their value and are staying on the market for months. There are more sellers than buyers and there is no relief to be seen in the very near future.

People are struggling; struggling to pay bills to pay debts. The real estate industry is a tough market to be in right now. Possibly you have been wanting to find a way to get you through.


One of the best solutions is to start a home business. There are many tax advantages and you have the benefit of writing off many of your household expenses at tax time. It is also flexible. Something you can do while still being a real estate agent. Maybe something to tide you over until the economic situation improves or maybe something that permanently creates an income for you. The key is to find the right business. One that is recession proof.


When searching for any home business there are some critical evaluating tools you need.


Want to work from home? Have you considered these crucial evaluating tools?


So you have decided that you would like to work from home. Maybe you want to stay home with your children, maybe you want money for that extra special something or maybe you want to create financial freedom. Maybe you just need to pay your bills and pay off debt. So you know your reasons why. This is a great start but now what?


It is easy to want to jump into the first thing that comes along. Something may sound good on the surface, so you should jump right in, right? Wrong.


There are several key factors that anyone and everyone should consider when deciding on what business would be right for them. Ensuring you have thoroughly researched the opportunity can save you a lot of money, a lot of time, and more importantly, a lot of heartache. I have heard too many stories of people going broke trying to find the right one. I even know someone who has tried 23 opportunities before finding the right one. Can you imagine?


The first key in researching a business is knowing what features you should be looking for in a company. You will definitely need to know the following:


  • Is there an established track record?


You want the company to be at least seven years old – successful home-based business companies experience a surge of growth in their first 3-5 years, but most cannot support the increased capital and organizational needs this growth demands to continue their success. Be wary the person who says “this is a ground floor opportunity” or you need to “catch the wave”.


  • Is the company financially sound?


You should be able to get access to this information. Another great way to know if a company is legit, is trustworthy and has integrity is if they will let you see their previous years’ income statistics. If they’re not willing to share what their business people make, do you really think they’re doing that well. And I don’t just mean the top earners, find out what the “little guy” is making.


  • Do they have a strong management team and company credentials?


Beware! There are some companies out there who are “touting” scientists behind their products that have received their degree by mail order over the internet. Do your research! What is the history of the management? What awards have they received? What does the Better Business Bureau have to say about them?


  • Does this company have unique, consumable products that are guaranteed?


There are companies that have only one product. How many of that one product do you think you have to sell to make any money? If this is a luxury item, you most likely won’t get repeat sales from the same person which creates much more work for you. If it’s a hobby, you are looking at the same thing. The product should be something that a person goes through and needs again fairly soon, preferably monthly. These products should also have a 100% guarantee.


  • Does this company require that you keep inventory or ‘front end load’?


This is a very fast way to the poor house. I know lots of folks who have garages full of products. You may think it will be easy to ‘unload’ it but it’s not. Make sure the company does not require you to have stock or inventory.


  • Is there a low personal production requirement?


Essentially, this means how much of their product do you need to order to stay in business? If they are asking you to order more than you would use, then you guessed it? Straight to the poor house for you.


  • Is there a high customer re-order rate?


Some companies have a re-order rate of only 5%. Does this tell you how hard you will have to work to win customers and keep them? Again, if the company won’t give you this information then they have something to hide!


  • Is there low initial investment?


You should be able to get started in any business for $500 or less. In addition, any investment should be guaranteed. Any more than that and the risk sky rockets.


  • Is there low attrition?


If more than 10% of the people are leaving every month, what does that tell you?


  • Is there breakaways?


No breakaways!!! What that means is that you work really hard and then when you reach a desired level, they have the rest of your team “break away” from you and you start all over. Does that sound like what you are looking for? Know the compensation plan. You should be able to earn an income from each person you offer your product or service to. No breakaways, no balancing sides.


  • Does the company have any risk?


Risk is a 4 letter word. It has its place but not in your business. This is your life. There should be no risk. You should only be using products you would use anyway, and there should be a full guarantee on everything. If this is the case, there is no risk!


Alright, so now that you know what is important to look for in the company, what product concept makes the most sense, you ask?


Repeat Consumables (necessity items) and I can’t stress this enough. This is a 200 billion dollar industry. People must already want or need to buy the products. It is much easier to interest people in something that is better or less expensive than their current brand than it is to get them to buy something new that they hadn’t considered before. The concept of “switching stores” works best because people spend “no new money”, they just switch brands. Durable goods won’t generate residual income because people won’t buy each month.


The products should always be competitively priced (have a low cost per use). No matter how well people like something, they won’t stay customers forever if the product costs more than the store bought equivalent. Since commissions depend on customer purchases, the longer they stay, the more RELIABLE your income. The products must also be unique and exclusive to the company. It is of benefit if there are patented products that have been scientifically developed. The re-order rate should be above 90% and it has to make sense to just be a customer, continuing to buy the products without being a business builder.


Lastly there are a few more things that you may want to consider. Does the company manufacture its own products? Does the business offer a system that you can duplicate for success? Does the organization provide you with free training and support? Do you have to leave your home to build the business? Do you need experience in sales or business to be successful? Can you make enough to replace your income? What are the tax advantages to owning a home-based business?


I know this seems like a lot of work, but the end result will make for a happier, wealthier you. Good luck in your search!

Io: Jupiter’s Hottest Real Estate

Unique among the known moons in the solar system, Io is a bizarre world whose properties have only been investigated for the past thirty years. NASA discovered that Io was anything but the cold, dead satellite they expected when the Voyager space probes flew past Jupiter in 1979. The probes showed a scarred and angry moon, bursting with volcanic life as plumes of lava shot far above its surface. Ever since then, Io has been a source of endless fascination for astronomers.

At roughly 3,640 km in diameter, Io is one of the four Galilean satellites orbiting Jupiter (the four moons Galileo Galilei could observe through his telescope: Io, Europa, Ganymede, and Callisto). It is also the closest to the gas giant, approximately 420,000 km away from Jupiter, and mostly made of silicate rock, iron, and some sulfur. The “short” distance from its planet, as well as the gravity of the other Galilean moons, are what keep its volcanic engines running. Gravity pulls on Io like the moon’s gravity pulls on Earth to cause the ocean’s tide, and heat results from the friction that this gravity causes in Io’s interior. The heat leads to a tremendous number of volcanoes, as well as frequent eruptions.

With as many as four hundred active volcanoes on its surface, Io is the most geologically active body in the solar system. The plumes of these volcanoes can shoot hundreds of kilometers into the Ionian sky, thanks to lower gravity and different makeup than most magma on Earth (Io’s magma is mostly composed of basalt, magnesium, and sulfur); the erupted molten rock on Io is believed to be much thinner than ours, about the same consistency as olive oil. Io is believed to have turned itself completely inside out several times, over the billions of years since its formation. On a side note, this constant resurfacing explains why there are hardly any impact craters on its surface, unlike most of Jupiter’s other moons.

Io also has a very thin atmosphere, mostly made of gases and particles ejected during its eruption. Thanks to these particles and a strong magnetic field that Jupiter produces, there is a strong electric current running between Io and Jupiter, which causes giant lightning storms in the gas giant’s atmosphere.

These are just a few of the incredible facts we have recently learned about Io, Jupiter’s hyperactive moon. Not only is it one of the most important discoveries we have made in exploring our cosmological neighborhood, but Io serves as a compelling reminder that the universe is full of surprises, and that we never truly know what we could discover next.

5 Steps to Your Property in Spain: How to Buy Real Estate on the Costa Blanca

  1. Meet With a Real Estate Agent�

When buying overseas property, it is always advisable to take at least a few trips to the location. Photographs do not give enough information when spending large amounts of money, so it is best to deal directly with a real estate agent in the country itself. When looking for property in Spain, one should narrow their choices down to a particular area and then find a local agent to assist them in finding the ideal purchase. Many real estate agents in Spain can speak English, so there is no need to be bilingual. It is best to inform the agent what kind of property one is looking for and what kind of price one is able to spend. Although the agent makes a commission off of the sale and will want the highest price possible, they can shorten the list of properties to include only the ones the buyer can afford. Then, the Spanish agent will be able to personally take the buyer to the locations.

  1. Find a Desirable Location�

There are many things to consider when being shown various properties. If this is purely an investment venture and isn’t going to be the buyer’s place of residency, the decision will be more practical and emotionless. The investment in Spanish property is currently a profitable and stable one. So, if a good deal is found and it is plausible to find willing tenants for the location, then the choice should be easy. However, buyers that may want to stay in this particular location, either permanently or for vacations, will want to consider more. For example, is the location attractive and conveniently located? Are there nearby facilities, such as a hospital, restaurants, or shopping districts? New residents may also want to inquire about local schools, just as they would when buying a residency in their home country.

  1. Prepare Money for the Purchase�

There are two common ways of readying money for a real estate venture in Spain. One way, often reserved for the wealthiest buyers, is to merely pay for the property in cash. This may be an easy approach for some, but it can also interfere with the equity built by the purchase. Often, the best way to buy real estate in Spain is by obtaining a mortgage loan from a local Spanish bank. Luckily, the real estate industry is booming right now in Spain, so banks are fiercely competing with each other. A buyer should use this to their advantage by comparing interest rates and bringing competitors? offers to rival banks. Often, banks will attempt to match or beat their competitors? offers. Proper identification and proof of financial history must be shown to a bank when financing a purchase. One should be sure to bring their relevant documentation when traveling to Spain for the mortgage loan.

  1. Pay for Closing Costs

Whether one pays for property with cash or finances it through a mortgage loan, closing costs are due up front and must be ready when signing the dotted line. A deposit is made to the seller and is often 5% to 10% of the purchase price. It is wise to allow a trusted third party, the real estate agent, to hold onto the deposit until the sales agreement is signed. Optionally, a deposit agreement can be drafted in order to protect the buyer’s investment. Although it isn’t absolutely necessary, some buyers feel that this is the stage in which a lawyer should assist them. Other closing costs can include payment to the real estate agency, although that may be escrowed into the mortgage.

5.Sign the Sales Agreement�

The sales agreement, or opción de compra, is signed on closing day. Closing day will be a day that both the seller and buyer agree on. It is the buyer’s duty to make sure all of the mortgage lender’s affairs have been taken care of on the seller’s end. Then, it is only a matter of signing the final paperwork in front of a notary public. Those who are inexperienced with real estate and/or the Spanish culture may again opt to have a lawyer present. When choosing a lawyer to look over the final paperwork, the buyer should be sure to hire one that isn’t associated with the seller. That way, the buyer can be sure that the lawyer is completely unbiased. After the closing costs are paid and the sales agreement is finalized, the real estate transaction is finished.

Zhenya Zoning Real Estate Issues Earnings Warning

For SLReports.net

Zhenya Zoning Real Estate (ZEN : SLCAPEX) CEO Ashleigh Wade issued a press release yesterday stating, in part, that ZEN(SLCAPEX) was providing a warning that the firm may not make profits in December.

“We want to issue a precautionary warning regarding our financial trending for this month,” Wade said in the press release, “It looks like we will be right at break even or a bit shy of it. Not a huge shocker considering that we are a SL Estate Company and three months into a transition that included a floor to ceiling re-organization and development. You should know, however, our sales force is out there going gangbusters to fill our seven open parcels and things could turn out well. “

ZEN(SLCAPEX) also has a sale going on which Wade promoted, stating, “We have parcels available and we are selling them for nothing but two weeks tier up front (pay the land and we will set your box and notify you). We want you to have a little ZEN in your life. If you are in the market for a community of great people who are diverse, active, love to explore and share then you should check us out. From ZEN Fifth Avenue in Tamaqua to ZEN Live! in Tuscarora to the peace of Blue Mountain and picturesque scenery of Panther Valley we have a little bit of everything.”

ZEN(SLCAPEX) has been trading between L$1.20 and L$1.40 for the last ten days on an average volume of just over 3100 shares. ZEN(SLCAPEX) has a 2-Star Luminos Dividend Rating, with a 6DYA of L$0.0037.

Tips for Investing in Commercial Real Estate

Investing in commercial real estate can be a great way to add to both value to an investors assets and can also be a source of income. Commercial real estate that is well positioned can increase dramatically in price. Rented or leased commercial real estate can provide a steady cash flow for retirement, investing, or other financial pursuits. Here are some tips for investing in commercial real estate that individual investors can use.

Investing in Commercial Real Estate Tips – Use Personal Knowledge

Regardless of the sector, the best investment ideas come from an investor’s personal knowledge and experience. An investor should look for property in their home area or other areas where they are familiar with the market and use their knowledge to determine where and what to buy.

Investing in Commercial Real Estate Tips – Be Patient

Perhaps the worst mistake a commercial real estate investor can make is buying too quickly. Just because an investor has the money and has looked at what is available does not mean they are ready to buy. Investors need to be patient and buy only when they are comfortable with the real estate and the price.

Investing in Commercial Real Estate Tips – Develop a Real Estate Network

Every investor in commercial real estate, or other real estate, needs a real estate network. Having a friend or trusted business associate in the contracting, banking, legal, and real estate sales professions can help an investor find deals as well as make good decisions managing the investments.

Investing in Commercial Real Estate Tips – Have Short Term and Long Term Goals

A commercial real estate investor needs to be able to look at both the immediate impact of their investment as well as the long term prospects. Cities are filled with run down commercial property that was once profitable. Shifts in transportation routes and large employers can often be predicted with some success and these changes might greatly impact a property’s value in coming years.

Investing in Commercial Real Estate Tips – Diversity

Just as with any investment, an investor putting all of their money into commercial real estate is taking a big risk. While keeping the properties rented can provide a good cash flow a market downturn at retirement time can be disastrous. Commercial real estate should only be only one part of an investor’s holdings to provide protection from such an event. Even within the commercial real estate investing sector there are ways to diversify. Investors can spread their money around into different types of commercial real estate such as raw land, office buildings, retail space, apartment buildings, and hotels.