Archive for  September 2016

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Union Investment, an international investment company based in Hamburg, Germany, has selected Houston-based PM Realty Group (PMRG) to provide management services for the company’s recently acquired Ten 10th St. office property in Midtown Atlanta. Union Investment plans to extensively renovate the lobby and common areas of the 14-story, 421,417-square-foot, Class A building the company acquired this past August for $150.5 million. PMRG’s Bill…

Allergan, a global pharmaceutical company, has signed a 13-year, full-building lease totaling 431,495 square feet of class A office space at 5 Giralda Farms in Madison, NJ. Allergan will be closing their Parsippany, Bridgewater and Jersey City locations, consolidating more than 1,800 employees in a single location. The 5G building was constructed in 1992 and was previously occupied by Pfizer’s animal health subsidiary Zoetis, Inc. Lakestar…

Proposed rendering forMorgan Business Center.Click image to view larger.The Atlanta office of Duke Realty Corporation (NYSE: DRE) has executed a long-term lease for a 1,435,750-square-foot, build-to-suit distrib

Do you want to become a real estate investor? Are you buying your first home or a second house to fix up? The following paragraphs have ideas you want to read. Take what you learn and make the best decision for your personal circumstances. After finishing the article below, you will be able to go into real estate investing with the right frame mind.

Reputation is important when you are stepping into this arena. Abide by what you say, and do not lie to possible clients. This makes your reputation increase.

Find other investors and talk to them. People who have already done this have valuable insight to share with you. Their knowledge can prevent you from making mistakes and save you some money. Another resource when searching for informative people is the Internet. Try joining some real estate forums to engage meetups.

Location is incredibly important in real estate investing. The condition of the property and other aspects can easily be changed. Properties which are located in rapidly depreciating areas will almost always result in a bad investment. When looking to purchase real estate, always make sure you investigate the area and its property value.

It can be extremely helpful to sit back and listen during negotiations. People who talk a lot can negotiate against themselves. When listening, you can catch the right moment you need for that desired price.

When investing in real estate, be realistic about the amount of time you will be able to spend on property management. Tenant problems can be extremely time consuming. Consider hiring a company that handles property management.

When you are trying to determine the monetary worth of a home that you are considering buying, don’t neglect to factor in potential rental income. In the right area, you can earn thousands of dollars a year in rental income. Then you could resell the house for a bigger profit later on.

Keep a handyman nearby when you are considering buying a property. Otherwise, you will spend lots on repair expenses. Plus, your handyman should also be able to handle any after-hours emergencies that may arise in your rental property.

Always look at the whole neighborhood before you decide to invest in a piece of property. Some neighborhoods are obviously a better value than others. Where a property is will help you to determine what it’s worth.

Don’t go too far into your personal finances for your investments. When you invest in real estate, you’ll often not be able to access the money for a while. However, over time you will make a lot of money.

Currently foreclosures are flooding the market and they are not all damaged beyond repair. By joining a list that notifies you when foreclosures become available, you get a jump on looking it over and getting a fantastic deal before others realize it is available. This saves you time from contacting the county offices, realtors and lenders. Finding accurate information is possible, since these tend to be up-to-date.

Try broadening the horizons by investing in some business properties aside from just residential ones. Not only can a business property be rented for longer terms, but they can bring in a lot of money. Business complexes and strip malls are a few ideas; both open up the door to great ventures.

Examine that country’s economic forecast when looking to buy some real estate. High rates of unemployment in the area lowers the value of the property. This means that in the end you may not get a big return. A more robust city will increase property values.

Don’t invest your money into a property that’s not affordable. Make sure any rental property you own is making enough to meet the mortgage and maintain it, even when there are vacancies. If you depend just on your income from rentals to pay the mortgage it’s not really that smart to do.

Make certain to have the property inspected before purchase and plan on investing money into those repairs. Should you want to sell, that means anything you do prior to the sale needs to be evaluated. If you are going to rent out the property, you also have to factor in a budget for maintenance. Always pad your anticipated expenses a bit to plan for the unexpected.

Begin investing right away if you want to make real estate your side business or career. A major mistake is to not enter the market to learn about the business as soon as you can. If you wait for a long time, you’re not going to be able to catch up with people that start right away.

Stay away from beginner realtors. When it comes to investing in real estate, you really need someone experienced to provide you with the best opportunities. The only way you find exactly what you desire is by using one with experience. At the very least, hire an experienced firm.

Don’t let one deal consume all of your time. Something that eats up your time is not really a bargain. What’s really going on is that you are missing out on finding other possibilities out there.

When you want rent out your investment properties, it’s crucial that you have money saved to cover each month’s mortgage up to the point that you finally get them rented. Funds for this can help relieve your mind knowing that you can afford the mortgage while you wait for another renter.

Always keep enough capital on hand to cover the mortgage on your rental property, regardless of whether your tenant can make the rent. You will feel better until the next tenant comes around when you have the extra money.

Know the marketplace’s lingo. You should have good idea what you are talking about at all times. If you come across as someone new to the business, the seller might try to take advantage of you. You want to use your lingo and your knowledge to your advantage. If you sound professional, negotiations become easier.

With your new understanding of real estate investing, you ought to be excited to begin. When you make proper decisions, you can make good money through investing in a property. Hopefully, you’ve just learned enough to start off on the correct path.

Chartwell Holdings sold the 450-unit Landings at Oak Hill apartments at 4300 Flat Shoals Rd. in Union City, GA to Blue Rock Partners for $23.4 million, or approximately $52,000 per unit. The 469,522-square-foot multifamily community consists of one-, two- and three-bedroom units across 46 three-story buildings. On-site amenities include a fitness center, tennis courts, a swimming pool and on-site property management. Located in the South Fulton…

Dallas-based Mill Creek Residential secured $87.4 million in construction financing for the development of Buckhead Modera, a new 21-story apartment tower scheduled to break ground this month next to The Shops at Buckhead Atlanta. A multifamily developer, owner and operator of apartment communities nationwide, Mill Creek Residential placed the loan with Citizens Commercial Banking for the 399-unit multifamily project, which will go vertical at…