Author’s Archive: Kimberly Wilson

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Lakeland Plaza, a 307,578-square-foot, grocery-anchored retail plaza located at located at 501 Lakeland Rd. in Cumming, GA, has been acquired by Maryland-based Preferred Apartment Communities (NYSE: APTS) subsidiary New Market Properties. Terms of the deal were not disclosed. Home to an 86,479-square-foot Belk department store and 29,855-square-foot Sprouts grocery store, Lakeland Plaza was constructed in 1991 at 501 Lakeland Plaza at the intersection…

Real estate investments can greatly diversify your investment portfolio. When you are investing in land or property, your exposure to sectors outside of the stock market expands. But, real estate investing is not the same as equities or debts. Keep reading so you know how to invest the right way in real estate.

Do not invest in any property before having it properly inspected. If they offer to pay for the inspection, it may be someone that favors them. Hire someone you know and trust, or get a neutral party to inspect it.

Check out the value of other area properties. Finding out the average rental rates and mortgage values in a particular area can tell you more about a home’s value than the financial statements. Your decisions are more informed when you understand it from the street level.

Get to know the local property values. This information will give you a better understanding of the neighborhood. You can make better decisions when you think about all of this.

Location is incredibly important in real estate investing. You can always change carpets or the exterior of a home. You want to pay close attention to other properties in that area and see if the house prices have been inflating or deflating. Know the area where you’re buying property.

Property management companies are often a good investment. You might spend a bit of money on the management company; however, it is money well spent that can increase your profits. The company that does the property management will screen potential renters and deal with costly repairs. This frees up your time to search for more investment options.

Look over the entire neighborhood before buying a property. Good neighborhoods will get you a better return than rundown ones. Buyers look closely at location, and you should too.

Liston more than talking when negotiating. You might be surprised to know that people sometimes don’t do themselves any favors when they negotiate. When listening you can pick up on clues to help you succeed in getting the price you want.

Steer clear of making purchases in rough or declining neighborhoods. Focus on the area of the home you are interested in. Make sure you have done your homework. Try to avoid areas with a lot of crime. Not only will it be harder to sell, it is at risk of being broken into or vandalized.

Do not purchase merely to increase how many properties you have. Quantity does not always mean profit in commercial real estate. Research each property and calculate its value as a genuine investment. This will ensure success with your investments.

Stay away from purchasing real estate in neighborhoods that are bad. Know the property before you buy it. Do the research needed. Great deals aren’t enough in a seedy neighborhood. You might have trouble reselling, and vandalism may be problematic.

See to it that you’re purchasing local properties. This is because you know the neighborhoods better. You won’t need to think about what’s happening in the neighborhood as much since you’ll be close to it. Managing properties closely because they are conveniently located is a great way to stay on top of things.

Never spend all of your money investing in real estate. This money will come in handy for any repairs or expenses that come up. In addition, the reserve cash is key in the event that you are unable to find a tenant immediately. You will surely have expenses to meet, whether you have a renter or not.

Don’t use every bit of your cash and credit to obtain real estate. You should make the best business decisions that allow you to have reserve cash in case of emergencies. If you don’t do this, you’ll eventually suffer.

Always have some idea what the future economic forecast is for a county you are looking to buy in. High unemployment rates could keep the prices of property on the downside. This will reduce the profit that you make. A developing city will surely raise a property’s value.

Make certain that you can afford the mortgage on any property you purchase. If you’re renting a property, try to still meet the mortgage payments every month even if there are a couple empty units. Relying on rental payment solely to pay off the mortgage is not smart.

Just buy one property in the beginning. Though you may have the urge to grab several properties, you can make big mistakes early in the game. Try one to start with, and learn all you can from it to hone your future strategies. This can help you with all your future investments.

Know what you want to do with a piece of property prior to making the investment. Decide if you want to pursue a purchase and hold investment, wholesaler, flipper or rehabber. Knowing what you want to do with the investment will help you find the best property.

Learning about real estate will cost you something at some point. You can spend money on courses and/or time on independent research. Orl you could chance having to learn from a costly mistake in the future. It’s vital that you take the time to learn all that you can so that you won’t make mistakes.

Before you purchase a rental property, make sure you know how much renters in the area are paying for housing. This will give you a great feel for the competition. This will make your property less desirable to renters and you will have to incur the carrying costs longer.

If you don’t have the time or expertise to manage a property, hire a professional management company to do it for you. Although you will have to pay the property management company a fee, it will save a tremendous amount of time and frustration dealing with little problems that your tenants come up with.

By now, you realize how countless people have been able to profit handsomely from real estate investing. Use the tips you’ve read here. Make smart decisions about the real estate you invest in. Soon, you’ll be very comfortable doing it. Then, you can enjoy your profits from investing.

Philadelphia-based multifamily firm Balfour Beatty Communities partnered with Harbert United States Real Estate Fund VI, L.P. (“HUSREF VI”), an investment fund sponsored by Harbert Management Corp., to acquire the 437-unit Nesbit Palisades in Alpharetta, GA from Resource America. Terms of the deal were not disclosed. Located at 8520 S. Holcomb Bridge Way, Nesbit Palisades is a garden-style complex comprised of one-, two- and three-bedroom apartments…

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Phoenix / Tucson, Orlando, Houston, Los Angeles, Minneapolis / St. Paul, Chicago, Boston, Orange County, Philadelphia, Richmond / Hampton Roads, San Antonio, Seattle and South Florida. PHOENIX / TUCSON JLL Recruits Tenant Rep Team from Savills Studley By Justin Sumner…

In the early stages of a global property sell off to cash out some of its mature investments, Hines Real Estate Investment Trust has cut a deal to sell a portfolio of eight grocery-anchored retail centers to New Market Properties LLC, a subsidiary of Preferred Apartment Communities Inc. in Atlanta. The eight retail centers, located primarily in four southeast US states, totals 1.04 million square feet and is expected to sell for $210 million or…

Local real estate company Selig Enterprises has wrapped up construction on Sixty11th, a 20-story residential and retail high-rise located between 11th and 12th streets in Midtown Atlanta. The project consists of 320 studio, one-, two- and three-bedroom floor plans with on-site amenities that include a saltwater pool, waterfall, outdoor fireplaces, multiple grilling stations, club room, game room, fitness center and outdoor dining areas. Monthly…

There can be little debate about the fact that real estate investing has produced innumerable millionaires over the decades. But, some folks are aiming for modest profits, and really just need a bit of advice on getting started locally. If you need this type of advice, stay tuned.

Before you begin your investment program, decide on exactly the type of real estate you want to work with. Maybe you want to flip real estate. You may even prefer to start rehab projects when choosing real estate. Each area of real estate offers something different, so its best to know where your talents lie.

If you want to start investing in real estate, think about the amount of time you have available for managing properties. Tenant issues can eat up your schedule. If you realize managing it takes too much time, consider hiring a company that specializes in property management to assist you.

When you negotiate, do more listening and less talking. You’ll be amazed at how often people negotiate against themselves simply by letting them do all the talking. You can also get the price you desire.

Spend more of your negotiating time listening than talking. People who talk a lot can negotiate against themselves. You can also get the price you desire.

When investing in real estate, be realistic about the amount of time you will be able to spend on property management. The issues tenants have can become time consuming. If you cannot juggle the responsibilities, think about hiring a property manager.

Don’t automatically assume that the value of a property is going to go up. This is a dangerous assumption for the market in general, much less any individual piece of property. You want to instead focus on those properties that can provide you with a cash flow. You can boost your income with any property value that is appreciated.

Patience is essential when you get started. It takes patience if you want to invest in real estate. Sometimes the terms won’t be right. Avoid being overly eager so that you do not spend money on a property that is not ideal. You could be throwing money down the drain. Take a step back and wait for the right property to show itself.

Never use your emergency reserve fund to invest in real estate. Real estate investments involve a great deal of money that you may not be able to access for quite some time. It may take years to see a good return. Be certain that you do not feel a financial pinch as a result.

Don’t invest a huge amount of money in real estate without researching the field first. If you don’t use caution, you could lose money. Training is an investment more than an expense, and it helps you protect your money for years to come.

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.

Location means everything when you are going to be a real estate investor. If the property location is great, but the home is not, it is still worth more than a nice home in a bad neighborhood. Think about the area you are choosing to invest in and how it might be in the future.

Don’t buy simply to build on the number of properties you own. Many people new to real estate investing do this, but it’s a beginner’s mistake. Owning more properties isn’t what’s going to make you money. Try checking things out thoroughly and think about quality before quantity. This will help you to succeed in the long run.

Never invest in real estate unless you have some reserve cash to back up your investment. The money you put aside is useful paying for expenses pertaining to the rental property such as minor repairs. Another reason having reserve cash is important is to be able to pay the mortgage in case you can’t rent the property quickly. Even though your property may be vacant, you still have expenses to consider.

Prior to purchasing a rental property, look at the rental history in the area. To be able to get the rent you want, but to also make sure that you have a tenant for it, you must know what other rental properties are going for in the local community. This make a piece of property something renters won’t enjoy and the cost of carrying will go on longer.

Determine which types of buildings are easily maintained. When you invest in real estate, it is more than just buying property. You need to consider just how you are going to keep the place up so that you can resell it in the future. One-story homes are easier to handle than multi-family properties. Make sure your project is appropriately sized for your skills.

Then you have a group of people with the expertise that you need to help you. Before you make a bid on any property, be sure you seek advice from someone that’s a pro when it comes to real estate. Someone who works in the industry is ideal. Their expertise can help you make better decisions.

Make sure to avoid deals that are really high or low. If your investment is too large in the beginning, your profit may be small. If you scoop up cheap property, you will probably dump a lot of cash into it to fix it up. The best plan is to buy quality properties at moderate prices, so don’t look for either the fancy or the run down.

Understand whether you are investing short or long term. Your plans for the property will determine your budget. Be certain you can afford all necessary repairs before investing in a fixer. If you are buying a home and don’t expect to sell it any time soon, you can afford to spend more on the home itself.

Be confident in your decision. Try ignoring it and learning all you can to make better decisions on what to spend your money on. An exception to this is an experienced investor who is rich.

Never spend excessive amounts of time on a single deal. If it takes all your time, then this deal is not something worth pursuing. Instead, start looking around for other deals.

As stated in the beginning of this article, investing in real estate could broaden your portfolio better than bonds and stocks. Nonetheless, the rules governing real estate investment are different. Use the advice in this article to get started so you make the best decisions.

Audacious Fizz has signed a five-year lease for 15,000 square feet of fourth floor space in the proposed creative office building at 746 Willoughby Way NE in Atlanta. The Willoughby, the first new creative multi-floor office building to be built along The Beltline, is set to deliver June 2017. The four story, 61,000-square-foot building will feature customizable floorplans, gigabyte/fiber connectivity, and a 3,800-square-foot rooftop amenity deck…

Hines and Cousins Properties have secured their anchor tenant for the venture’s 8000 Avalon project currently under construction in downtown Atlanta, signing Microsoft Corp. (NYSE: MSFT) to a long-term lease for 43,000 square feet The $72 million office component of the Avalon mixed-use development will total 228,182 square feet of Class A space over nine stories at 2660 Old Milton Pky. The project, which will be surrounded by numerous housing…

The Related Group will make its first foray into the Atlanta market following news the South Florida-based multifamily owner and operator has commissioned the development of a new 39-story high-rise at W. Peachtree and 14th Streets in Midtown Atlanta. The firm selected Balfour Beatty Construction to develop Spring Midtown, which will feature 390 apartments over 29 stories atop a nine-level parking podium and 6,500 square feet of street-level retail…