Posts Tagged ‘Condos’

Weichert, Realtors Brigantine Realty – View all properties listed for sale in this video. Part II in a two part series profiles Condos and Townhouses currently listed for sale. View Part 2 for Single Family Homes for sale in Brigantine. View all listings on the island at our website, www.brigantinerealty.com or call our office to speak to one of our experienced agents at 609-266-2121.

New construction of townhouses and condos in Howard County, MD, presented by the Howard County New Home Sales Center at 6301 Stevens Forest Road in Columbia. Visit our showroom or call us at 410-381-4654 for any information regarding Howard County or Columbia real estate.

Welcome to Crocker Park! Located on 75 tree-lined and beautifully landscaped acres at the intersection of Crocker and Detroit Roads in Westlake, Ohio. Crocker Park is one of the most exciting developments of its kind in the country. This $480 million project encompasses 12 city blocks and features a mixture of internationally known retail stores, spacious office buildings, great restaurants, luxury apartments, and spectacular homes. It’s all in a park-like setting filled with the captivating charm and bustling energy of a traditional downtown main street. Approximately 2000 people will live at Crocker Park in apartments and condos located above the main-street storefronts and in comfortable townhouses and spacious traditional homes that will be built on the fringes of the project. The entire development will total 1.7 million square feet and will consist of 900000 square feet of residential, 550000 square feet of upscale retail and restaurants and 250000 square feet of Class A office space.

Property has 2 private coves with white sandy beaches. Sub division approval granted for townhouses, residential lots, condos, commercial plaza, and a sports complex. Land has self reliant water supply. Adjacent property has 200 acres for possible development into a golf course with surrounding homes. Has a private chip and spray runway of 850m, with drawings for a 1700 m runway. A perfect property for the right developer. Price: US$22 million for long closing (ie 1 year payment plan offer), US$16 million cash offer. Must see to appreciate. Serious investors only please. Contact agent Richard Lee at 1-876-855-2884, or email: islandproperties@yahoo.com Website: www.CoconutEstates.com

Not all real estate property types may be appropriate for new real estate investors. There are many factors to consider when making the decision to add real estate to an investment portfolio.

When deciding on a residential real estate investment strategy, some options for new investors to consider include:

Rental units

Rental units can be considered both long term and short term investments. Types of properties that may be considered for this category would include:

* Detached single family homes

* Attached single family homes

* Multi-Unit properties

* Condos/Townhomes

Being a Landlord

Not everyone has either the desire or inclination to be a landlord. Dealing with tenant and property issues can be very stressful and time consuming. One way to minimize the impact of being a landlord is to hire a professional property management company.

Hiring a professional property management company has several advantages:

* Allows owners of rental properties to be ’shielded’ from dealing with tenant and property issues directly.

* Provides a buffer allowing the owners to maintain a hands off approach to managing their properties.

* May provide a less stressful experience

* Offers the ability to purchase real estate investments not immediately local to the investor.

* Provides a single contact point for all issues regarding the investment property.

Professional property managers are well versed and prepared to manage tenant and property issues as they arise. They will typically take care of all issues relating to the property.

Many offer their services at reasonable prices and rates while others can be quite expensive depending on additional services being offered. You may expect property managers to provide the following services:

* Advertise properties available

* Receive applications for tenancy

* Perform Credit and Background checks for applicants

* Recommend rental pricing

* Pay maintenance and/or repair bills for the owner

* Send monthly statements and rental income (Less any outstanding bills.

Typically these are deducted and itemized from the rental income and will appear on monthly statements)

Flipping or The Bane of New Investors

Often times, new investors in real estate are overly anxious to ‘flip’ properties and make a significant profit. Rumors of how friends or acquaintances have made allot of money is often the incentive for ‘flipping’.

The real estate market fluctuates greatly. Yesterdays great ‘flipping’ market may be (recent market trends as an example) tomorrows ‘Hold on to it’ market. While this is certainly a desirable quality of an investment property, it is and should not be the primary consideration for new real estate investors. The competition for this type of real estate investment is fierce and occupied by seasoned, experienced professional builders and investors

Property Types

Let’s discuss the various property type which may be considered by new real estate investors.

The selectionof the type of real estate property for investment purposes may be based on several factors.

These factors include:

* Financial considerations – How much can you afford?

* Availability of properties – What types of properties are available?

* Location – You’ve heard this one a thousand times – Location…Location…Location…

* Income potential – Does the property in question match your real estate investment strategy?

Detached and attached single family homes Single family homes whether attached or detached are often the first real estate property type new investors seek. In many areas, they offer the most availability of any property type.

Prices obviously vary greatly with these property types as well.

Multifamily Properties

Apartment units such as duplexes and triplexes should be considered as a viable option for new real estate investors.

Many investors and real estate professionals use apartment buildings as a point of entry to a portfolio of commercial real estate holdings and to build their equity before moving on to larger commercial real estate investments.

Duplexes, triplexes and fourplexes are two, three and four-unit buildings that may or may not be owner occupied.

Summary

Selecting an appropriate type of real estate property in which to invest is a primary consideration for all serious real estate investors.

Real estate investment strategies include the decision of whether or not to become actively involved in the management of the property. Professional property managers offer alternatives to assist in a “hands off” approach to owning residential income property.

Knowing there are options on the various types of properties to purchase as investment may provide new real estate investors the information needed to make that final decision to become a real estate investor.

End of Part 2

© Copyright 2008 Jennifer MacKay. All Rights Reserved.

Kelowna Condo Video Trailer For: Mission Meadows 3739 Casorso Road Kelowna, BC Canada To view information for all Condos and Townhouses in Kelowna, British Columbia Please visit: www.networkofcondos.com KELOWNA

Kelowna Condos Video Trailer For: Casa Loma 2777 Casa Loma Road Kelowna, BC Canada To view information for all Condos and Townhouses in Kelowna, British Columbia Please visit: www.networkofcondos.com KELOWNA

Richmond Condos Video Trailer For: Redonda 8880 Jones Road Richmond, BC Canada To view information for all Condos and Townhouses in Richmond, British Columbia Please visit: www.condorichmond.com The Official Website of Networkofcondos.com

Richmond Condos Video Trailer For: The Capri 7831 Westminster Highway Richmond, BC Canada To view information for all Condos and Townhouses in Richmond, British Columbia Please visit: www.condorichmond.com The Official Website of Networkofcondos.com

Richmond Condos Video Trailer For: Hamptons Park 6233 Katsura Street Richmond, BC Canada To view information for all Condos and Townhouses in Richmond, British Columbia Please visit: www.condorichmond.com The Official Website of Networkofcondos.com