Posted by admin on October 5th, 2009 | Comments Off
Investors are ambitious and optimistic. Unlike humble savers, they believe that taking a little risk and exerting a minimal effort will dramatically increase their funds. Investing can be very troubling, but it touches fewer core emotions than savings. When ambition is thwarted and optimism is shattered, investors are miserable. However, they do not storm the capital and start a revolution. Investing concerns one-on-one relationships rather than the role of God and society in safeguarding hard-earned money. Whereas savers trust no one individual, optimistic investors trust too many people. When markets collapse, individuals are blamed, not government or the gods.
Ideally, the investor only invests excess savings. In investing, an individual or a group lends their excess savings to other individuals or groups for a fee. The fee is rent, interest, dividends, or capital appreciation. Groups can be corporations, partnerships, trusts, or other legal entities. The investor relies on the investee to pay the fee over time and to repay the investment.
Investing creates a relationship between the investor and the investee. Each has expectations of the other. Emotions are triggered entering the relationship, during the relationship, and leaving the relationship.
business opportunities . credit score . debt . home foreclosure
Posted by admin on August 28th, 2009 | Comments Off
“Comparative market analysis” means nothing more than doing some comparison shopping before you buy any real estate. Just as you would compare and shop prices before buying new furniture or a car, so, too, you need to compare and shop prices for similarly situated properties before making a purchase. The difference in this instance is that you are comparing a building that is for sale with ones that have already been sold.
What do you need to compare? The major considerations are:
Number of units
Square footage of the improvements (structure)
Square footage of the lot (the dirt)
Condition of the surrounding neighborhood
Age and condition of the building
Income-producing capability (current rents versus market rents)
Parking (garages, pads, carports, or none)
Amenities (view, fireplaces, multiple baths, pool, patios or decks, etc.)
The idea when conducting a comparative market analysis is to locate a few properties in the same or similar neighborhood that have recently been sold. As outlined previously, look for properties that have traits similar to the one you want to buy. In a perfect world, the sales should be within the past six months—the more recent, the better. Once you gather all the data, your job is to compare and contrast it to determine a fair price for the building you’re considering.
business opportunities . debt . economy . financial crisis
Posted by admin on September 26th, 2008 | Comments Off
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