* Feature articles on various real estate investing subjects; invite real estate companies to advertise.

* Offer free real estate investment books and audio tapes on your website.

* Add a list of investment resources your members and clients can utilize, such as: business tools, real estate forms, state property codes, real estate classifieds, and property value reports.

Once the property acquisition is complete, Steve hires an Architect to design his vision. Steve has no experience in construction, let alone design and engineering.

Introducing the Owner’s Rep

Herein lies the need for the in the real estate/construction world.; The Owner’s Representative, also referred to as the Owner’s Rep, OR, or simply , is sometimes an overlooked asset that can be included in any project undertaking. The Owner’s Rep bridges the gap between ownership and all other entities involved with the project. A true Owner’s Rep is well versed in development, design, and construction, so they know what it takes to pull off a successful development project and maximize their client’s Internal Rate of Return (“IRR”). If the Owner chooses, the Owner’s Rep can manage every aspect of the project, ranging from approvals to lease-up, something that individual Contractors or Consultants don’t have experience handling either. Hiring an Owner’s Rep is crucial and will allow the Owner to focus their time and resources on more important issues.

Financial Aid!

Design

When it comes time to start the design process, the Owner’s Rep will assist in selecting the design team, typically at a minimum consisting of all of the players mentioned in Steve’s project above. Once the project team is formed, the Owner’s Rep can lead the effective collaboration towards a common goal. Again, the Owner’s Rep is typically involved in every aspect of the process and spearheads the flow of information among Architects, Designers, Engineers, Planners, Consultants, Contractors, Vendors, Property Managers, Sales Staff, Lenders, Governmental Authorities and of course, the client.

The Owner’s Rep may prepare and maintain a Master Cost Report if the client so chooses, which includes the hard and other related development costs, such as acquisition, design ; engineering, permits ; fees, legal, FF;E ; OS;E, administrative, sales, and marketing costs.

Prior to construction, the Owner’s Rep can interact with the proper authorities who have jurisdiction to secure the necessary project approvals and permits.

Accounting/Cost Control

As invoices, or monthly applications for payment, come in from the Contractors, the Owner’s Rep should review prior to recommending payment to client.

Project Close-Out

For a residential project, one must be cognizant of the Department of Real Estate (“DRE”) requirements.

Sales/Marketing

The Owner’s Representative is a critical member to any successful real estate development project. Sound advice to any person considering a development venture is to include an Owner’s Rep on the project team.

Here are some tips that you can use if you are an agent or broker to successfully close real estate negotiations or deals:

Many real estate investors think that money will make or break a real estate deal. However, it is possible to purchase real estate with no money from the buyer’spockets. There are lots of examples of no-money-down real estate deals.PropertyA lack of funds can stop a potential purchaser from bidding on a property. Finding other cash buyers is another way to purchase a property with no money invested.

Real estate is a great passive business once you have learned how to do it right. Learn to invest in this business without cash or credit. Lines of credit Some investors use their credit cards line of credit to obtain the down payment for the property.To get rich in real estate with no cash down using other people’s money charlatans will lead more to bankruptcy court than today’s predatory lenders. Millions of people have bought real estate with no capital down through the VA loan program.

We set up the board, allotted $1500 of monopoly money for each player and started rolling the dice.

Monopoly is part luck, mostly strategy. The roll of the dice is the luck part; the choices each player makes after rolling the dice is the strategy part.

The game of Monopoly is about buying properties and then profiting from those properties. It is about using money to invest in real estate or railroads or utility companies, etc.

Playing Monopoly is very cut-and-dry. Invest then profit from your investments. The player that invests the most wisely wins the game.

But what really hit home while playing Monopoly was the direct and IMMEDIATE STRATEGY to buy and develop properties.

It was also very clear that the losers of the game tried to hoard their money instead of invest their money.

Okay, Monopoly is just a board game. Are you stuck in survival mode? If yes, no amount of annual income will lead to a financially successful life. Books, E-books, seminars, webinars.

And, as promised, here’s your;6 winning tips to always win the game of Monopoly:

(1) Buy as many properties as possible when the game starts.

Tax Lien

Tax Deed

Tax deed is a lot like Tax lien in that it involves someone who is behind on their property taxes on their home. It appears easy to correctly prepare an income approach analysis for commercial real estate.

Commercial income properties can be valued based on the leased fee estate. Valuation of the leased fee estate is more appropriate for properties with above market or below market rents. Valuing properties with below market rental rates based strictly upon its actual rental rates would understate its value. Valuing it using market rental rates would overstate its market value.

Rental rates are usually obtained from rental comparables, subject property leases and aggregate market data.

Market Value = NOI / Cap Rate

NOI is net operating income. Cap rate is capitalization rate.

Market Value = Gross Possible Rent x GRM

It is abstracted from market data and discussions with market participants.

Effective gross income is abstracted from market data and discussions with market participants.

The income approach is often given primary emphasis in appraising income properties.

Commercial Real Estate Appraisals Gift Tax Valuations Renovation / Upgrading Cost Benefit Analysis

A real estate investment business plan can be used for several things. The next section will be a market analysis.

Developing a Real Estate Investing Business Plan

Investing in a house in Alexandria is a wise choice. People who appreciate antiques, historic architecture and have a desire for living a peaceful family life will appreciate the historic Alexandria, VA Real Estate properties. ;Furthermore, unlike the crashing real estate market in Washington, DC, the Alexandria Virginia real estate market is still fairly stable, a rare occurrence in our current economy. Like any investment, investing in Alexandria, VA real estate carries with it a certain amount of risk.