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Posts Tagged ‘Investment’

What is a real estate investment coordinator and how do I obtain skills useful in that sector?

March 3, 2011

Question by Evie: What is a real estate investment coordinator and how do I obtain skills useful in that sector?
Eventually, I’d like to obtain my real estate license (Missouri), but I’m more interested in investments, ie flips. Any ideas on where to start? Much appreciated!!

Best answer:

Answer by Dale H
Join your local REIA (Real Estate Investors Association) chapter. They probably have a mentoring program.

Getting your license would be a good idea if you plan to buy and sell property, but the investors at REIA are actually doing what you described and may be able to help you come up with a business plan and get some hands on experience while you are working at getting licensed.

Good luck.

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Real Estate Investment Fraud in North Carolina?

February 13, 2011

Question by Magnix2k: Real Estate Investment Fraud in North Carolina?
I sent $ 20K to McGee Investment Group in NC last March 2008 to invest on an East Plaza Development project in Kansas City, MO.

Here is what happened -

1.) McGee received my $ 20K
2.) McGee said he gave the $ 20K to the builder of the property in MO. (The plan was for me to receive $ 3500/mo for two years plus the principle investment of $ 20K at the end of two years.)
3.) Two months later, Thomas McGee said there was a problem with the builder in MO.
4.) I sent numerous emails (for weeks) requesting information about the reason they had a problem in details.
5.) Finally, Thomas McGee said he had a private holding company (He will not tell me the name of the holding company) to buy me (investors of East Plaza development) out. He said he got the report from the holding company.
6.) Without any solid information or report, Thomas said the holding company offered me $ 32K to buy me out plus $ 11K at the end of two years after the project is completed in MO.
7.) I waited for months and sent emails and emails requesting him to send us the report. He gave me some bullshit stories like “My computer crashed”, “I completely forgot”, and “The report was sent” and I never got any report and the later he said “it must be lost in the PO”.
8.) Finally, we had enough and demanded $ 20K to be sent back to us. He said he would do that.
9.) Thomas changed stories like “due to the bad economy, we have to close all my properties in order to pay all of my investors including you”
10) This month (Nov), he said he has been sending checks and transferred funds to my investors all week and let me see where we stopped today where you money is located”
11.) I told him “I can have to talk to my attorney about this and he said “he would be welcomed to have your attorney to talk to my legal council about this”.

This whole thing forced me to work second job to pay for the $ 20K loan. I had a difficult finding attorney who will take action against them in NC from Dallas where I live.

Any advice what I need to do first? We REALLY need the $ 20K back!

Thank you!

Best answer:

Answer by Net Advisor
It looks like you have been had.

You should have known better, but you were greedy into thinking that a $ 20,000 investment in REAL ESTATE would bring you 100% a year interest on your money ($ 3500 mo x 12 = $ 42,000).

What planet have you been living on? The real estate market peaked in spring 2006, and even at the top, NO ONE on this planet (Earth) was offering even a 10% return on REITS.

You will need an attorney and prob file a report claiming fraud. Save any docs you received.

Odds are you will never see that money again.

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Are Real Estate Agents ALL Infected? Part 1

February 4, 2011

I recently had one of my own properties listed for sale with my company KCHomesForSale.com. Why would anyone list anywhere else? Right! At the end of 2010 I let my listing expire after deciding to keep my investment property throughout winter. That's when I received the call from what appeared to be an infected real estate agent. At first I wasn't sure of the infection and needed to get more information for a proper diagnosis. Even though the first symptom was spot on, as a good broker I wanted to see if they had any other symptoms that might confirm my diagnosis.

Continue reading “Are Real Estate Agents ALL Infected? Part 1” »

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What To Expect From Investment Property Lenders

January 2, 2011

You may have noticed that the investment sector is starting off to become a lot more diverse and extensive and therefore, investment-related organizations have also evolved to adjust accordingly and make it through the market. You will discover that there are tons of institutions can finance both individual and commercial investments. What this means is that you as an individual may also borrow from these investment property lenders.

But precisely what are investment property lenders? They are merely professional loan providers or firms that are willing to offer resources to people who would like to invest in real estate. Their important attribute is always that they are able to provide financial loans to help investors who want to get properties even if it isn’t fully developed or if it is still in a transition period. They provide the loans considering the idea that you as the investor will use the funds to not only purchase the property but also make certain that it’ll be productive for common benefit. The investment property lenders can obtain revenue through a fixed interest rates, nevertheless it could still vary based on the contract between the lender and the investor.

The usual features of lending companies include the following:

In the event that an investor cannot return the loan within the contracted time on the contract, the investor will probably lose the right to the property and also the financing agency will become the legal owner of the property.

The typical maximum amount that lending firms are willing to fund is around ninety % of the value of the investment property. This is a good gain already on the part of the investors who now only need to find the remaining ten percent instead of having to pay a lot more.

The financial loans of investment financers could last longer, even as much as twenty years. This is a flexible program, however a few investors ought to limit it down. All this varies according to how you prepare your investments, and so make sure to look ahead of time.

Nevertheless, you ought to assume that investment property lenders commonly provide a greater interest rate when compared to other regular financing companies. It could vary, consequently if you prefer a lower rate, you will need to seek out and compare the rates of several financial companies.

The agreement for lending the investment cash will be based on the real estate market in a specific location. It could vary from region to region so do not think that since you do have a lower rate in one place that you should assume the same in another.

Working together with investment property lenders is one of the benefits of being a real estate investor so long as you prepare before hand. Nonetheless, it’s also sensible to make certain you take heed of your credit standing at all times to make certain that you’ll not encounter any problem later on should you decide to make some loan. The financial organizations will usually insist on the good credit history before they’ll provide you that loan for any particular investment.

Jared T. Coleman is an active real estate investor based in Kansas City, MO. He is a member of the Mid-America Association of Real Estate Investors (MAREI) and works exclusively with investors who want to grow, learn and succeed at real estate investing. Get more information now at http://mareinet.com/.

Article from articlesbase.com

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Interviewing for a top realestate investment club

December 31, 2010

First let's decide if we are looking for a real estate investment club, group, or association.

In many cities, you may just have to take what you can get. But if you have a choice you may find there might be a difference and you probably need to check out each group in your city that offers the most. But given the choice would you want to go to an Attorney that was a member of the "Lawyers Club" or would want one that was a member of the "Missouri Bar Association."

The word club tends to come across as people who share a hobby and do you want to invest in real estate as a hobby or invest in realestate as a business. Then when you look at group, it seems to give you a feel of a loosely associated bunch of people, so if you want to foster change in legislation for example, would loosely associated people be able to do that. Association on the other hand means a group of organized people, who share a full time goal, and work together for the betterment of all involved.

So what should you look for in a group:

Look for a real estate investment association that meets at least monthly if not more. This gives you a time to attend, meet people, have people meet you, ask questions, learn, network. If you have a choice this is the ideal situation. Now if the group only meets online or virtually, you might try to work with this group and see if you can't find a way to get the people at the virtual meeting to attend a live networking events in town – be sure to work with the leader of the virtual group.
Look for a realestate investment association that has meetings that offer both networking time and speaker time. You want a chance to learn from the speaker as well as time to talk to other people at the event. You also want a group that actually networks, this means that people are going around the room and talking to a lot of different people, not just breaking up into their own little cliques for the duration.
Also look for a realestate association that has an active online presence that offers extra stuff like:Webinars for bonus training opportunities. This allows you to squeeze in one or two extra training events – usually on your time as they are recorded and you can listed to whenever you want to if you can't make the live version of it.
Online networking opportunities through an active message board. This means you have a place to go and ask a question to the group and get multiple responses in between meeting times.
Recording of the speakers at meetings. So while I know you are going to attend every meeting, you might miss something and having the ability to go back and replay a part or all of a meeting is very beneficial.

Look for a real estate investing association that stays up to date with what is happening with local and national regulations. You want to find an association that brings you information about rules and regulations, local trends, and market data.

Again, you have to take what you can get. So if you can't find an association in your area that offers all of these things, you might get involved with the only one you have and help them offer these things. It may just be that they want to offer these things but don't have the willing and able bodies to provide these things. And if you have to start your own group National REIA (http://www.NationalREIA.com) will help you provide all of these things.

This article is a part of a series of articles to help new people and experienced people figure out how to utilize their REIA group and build their investing team. Please watch for our previous or upcoming articles:

1. Where to find a real estate investment club.

2. What to look for in a real estate investment club.

3. What to take with you to a real estate investment club meeting.

4. Get the most out of the vendors at the real estate investment club meeting.

5. Networking at the real estate investment club meeting.

6. Learning at the real estate investment club meeting.

7. Follow up after the real estate investment club meeting.

8. Beyond the real estate investment club meeting.

About the author: Kim Tucker is an active real estate investor in the Kansas City Metro area as well as the director of Mid-America Association of Real Estate Investors or MAREI. MAREI works exclusively with real estate investors who want to learn and success at real estate investing. Get more information at http://www.KansasCityREIA.com or http://www.MAREInet.com.

Article from articlesbase.com