Homes & Land Spotlight on Brooksville, Florida
June 30, 2010
http://www.FloridaCommunityBlog.com/ The City of Brooksville, as it is known it today, was settled by four pioneer families: the Howell family which settled the northern part of town; the Jon L. Mays family which settled the eastern part of town; the Hale family on the west; and the Parsons family on the south.
The country life is alive and well in Brooksville, Florida. The small town, located about 50 miles north of Tampa, is nestled amid gently rolling hills and wide-open spaces with the Withlacoochee State Forest as its back yard.
Brooksville was actually founded over 150 years ago. Brick streets, murals, and a smattering of antique shops and boutiques put the “charm” in its charming downtown.
Just down the road you’ll find Weeki Wachee Springs. The older attraction still has the most unusual show in Florida — “mermaids” that perform underwater in the crystal clear springs. The adjacent water park, Buccaneer Bay, is small by Florida standards, but popular with locals.
North of Weeki Wachee and northwest of Brooksville is Homosassa Springs State Wildlife Park where you can see the “real” Florida — showcasing nature. Area activities include sightseeing tours, boat rentals, fishing and snorkeling.
Brooksville is an exceptional place full of character and wonderful views. It’s a living memory of Mayberry – a jewel on a hill away from the bigger built up modern commercialism of cookie-cutter Super stores, chain stores and strip malls. It’s as genuine and as old as our oldest memories of good times the way they used to be – and as relaxing and friendly as you could ever imagine.
For more information or more real estate videos in Florida including Tampa, St. Petersburg, Orlando and Daytona Beach, please visit http://www.FloridaCommunityBlog.com
Duration : 0:2:13
How to Minimize Risk When Buying at Real Estate Auction
June 28, 2010
Some of the greatest returns on real estate investments are earned by purchasing foreclosed or distressed properties. By investing money in foreclosed properties, savvy real estate investors have learned that they can purchase real estate property significantly under value. You can too if you do your research and avoid common pitfalls.
With every type of investment, there is risk. In most cases the higher amount of risk that you are willing to take results in larger returns on your investment. The same is true in real estate investing. This means that the properties that stand to make you the most money also present the most challenges.
While there are three stages of the foreclosure process where it is possible to purchase the distressed property, only one offers the greatest return. This is the Sheriffs sale or auction phase. If you are able to purchase a property at this time you could realistically take ownership of the property for as much as 45 percent under the listing price of the home. But with this reward comes great risk.
The greatest way to minimize risk when investing in real estate is to do your homework. Heres a checklist to help you out:
Find out how much of a cash deposit you will need at auction. In many cases this is 10 percent with the remaining balance due within months, weeks, days, or hours. Make sure that you know the laws in your state and county.
Try your best to inspect the property before the auction. If you can not inspect the property, strive to build up a relationship with the homeowner so that you can learn about any costly repairs that need to be done and calculate them into your bid price.
Verify that there are no other liens on the property through a title search. If you purchase the property at auction, these will become your responsibility.
Know your competition. Since the original lender for the property wins at auction 80 percent of the time, forming a relationship with the lender is a good idea.
Set a bid price and stick with it. Avoid becoming emotionally involved in the bidding process and over bidding. Have a solid idea of what you are investing in, how much you are willing to pay for it, and what type of return you expect.
Remember; the goal of investing is to minimize risk and maximize profit. By doing your homework before the auction, you will be sure to do both. Never buy a property blindly. Doing so only sets you up for failures that will cut into your profit margin.
James Klobasa
http://www.articlesbase.com/non-fiction-articles/how-to-minimize-risk-when-buying-at-real-estate-auction-91664.html
Brooksville Florida Mfg/Mobile Home for Sale
June 23, 2010
http://www.PropertyPanorama.com/84349 is the place to go if you are seeking a Brooksville Florida homes near Brooksville Florida. If you are looking for the best homes in Brooksville Florida than this Brooksville Florida homes video is for you. Please visit http://www.PropertyPanorama.com/84349 if you are seeking Brooksville Florida homes in or around Brooksville Florida. Also you may contact Glen Jansen at (352) 442-8424. The address of this homes is 2524 Ayerswood Drive .
Century 21 Alliance Hernando Florida 34442 (352) 442-8424
Duration : 0:0:23
Brooksville FL Homes for Sale V2
June 23, 2010
For detailed information on this property please contact:
borusa1@gmail.com 352-666-0142 x 119
Duration : 0:3:57
The Future of Commercial Real Estate
June 23, 2010
Although serious supply-demand imbalances have continued to plague real estate markets into the 2000s in many areas, the mobility of capital in current sophisticated financial markets is encouraging to real estate developers. The loss of tax-shelter markets drained a significant amount of capital from real estate and, in the short run, had a devastating effect on segments of the industry. However, most experts agree that many of those driven from real estate development and the real estate finance business were unprepared and ill-suited as investors. In the long run, a return to real estate development that is grounded in the basics of economics, real demand, and real profits will benefit the industry.
Syndicated ownership of real estate was introduced in the early 2000s. Because many early investors were hurt by collapsed markets or by tax-law changes, the concept of syndication is currently being applied to more economically sound cash flow-return real estate. This return to sound economic practices will help ensure the continued growth of syndication. Real estate investment trusts (REITs), which suffered heavily in the real estate recession of the mid-1980s, have recently reappeared as an efficient vehicle for public ownership of real estate. REITs can own and operate real estate efficiently and raise equity for its purchase. The shares are more easily traded than are shares of other syndication partnerships. Thus, the REIT is likely to provide a good vehicle to satisfy the public’s desire to own real estate.
A final review of the factors that led to the problems of the 2000s is essential to understanding the opportunities that will arise in the 2000s. Real estate cycles are fundamental forces in the industry. The oversupply that exists in most product types tends to constrain development of new products, but it creates opportunities for the commercial banker.
The decade of the 2000s witnessed a boom cycle in real estate. The natural flow of the real estate cycle wherein demand exceeded supply prevailed during the 1980s and early 2000s. At that time office vacancy rates in most major markets were below 5 percent. Faced with real demand for office space and other types of income property, the development community simultaneously experienced an explosion of available capital. During the early years of the Reagan administration, deregulation of financial institutions increased the supply availability of funds, and thrifts added their funds to an already growing cadre of lenders. At the same time, the Economic Recovery and Tax Act of 1981 (ERTA) gave investors increased tax “write-off” through accelerated depreciation, reduced capital gains taxes to 20 percent, and allowed other income to be sheltered with real estate “losses.” In short, more equity and debt funding was available for real estate investment than ever before.
Even after tax reform eliminated many tax incentives in 1986 and the subsequent loss of some equity funds for real estate, two factors maintained real estate development. The trend in the 2000s was toward the development of the significant, or “trophy,” real estate projects. Office buildings in excess of one million square feet and hotels costing hundreds of millions of dollars became popular. Conceived and begun before the passage of tax reform, these huge projects were completed in the late 1990s. The second factor was the continued availability of funding for construction and development. Even with the debacle in Texas, lenders in New England continued to fund new projects. After the collapse in New England and the continued downward spiral in Texas, lenders in the mid-Atlantic region continued to lend for new construction. After regulation allowed out-of-state banking consolidations, the mergers and acquisitions of commercial banks created pressure in targeted regions. These growth surges contributed to the continuation of large-scale commercial mortgage lenders [http://www.cemlending.com] going beyond the time when an examination of the real estate cycle would have suggested a slowdown. The capital explosion of the 2000s for real estate is a capital implosion for the 2000s. The thrift industry no longer has funds available for commercial real estate. The major life insurance company lenders are struggling with mounting real estate. In related losses, while most commercial banks attempt to reduce their real estate exposure after two years of building loss reserves and taking write-downs and charge-offs. Therefore the excessive allocation of debt available in the 2000s is unlikely to create oversupply in the 2000s.
No new tax legislation that will affect real estate investment is predicted, and, for the most part, foreign investors have their own problems or opportunities outside of the United States. Therefore excessive equity capital is not expected to fuel recovery real estate excessively.
Looking back at the real estate cycle wave, it seems safe to suggest that the supply of new development will not occur in the 2000s unless warranted by real demand. Already in some markets the demand for apartments has exceeded supply and new construction has begun at a reasonable pace.
Opportunities for existing real estate that has been written to current value de-capitalized to produce current acceptable return will benefit from increased demand and restricted new supply. New development that is warranted by measurable, existing product demand can be financed with a reasonable equity contribution by the borrower. The lack of ruinous competition from lenders too eager to make real estate loans will allow reasonable loan structuring. Financing the purchase of de-capitalized existing real estate for new owners can be an excellent source of real estate loans for commercial banks.
As real estate is stabilized by a balance of demand and supply, the speed and strength of the recovery will be determined by economic factors and their effect on demand in the 2000s. Banks with the capacity and willingness to take on new real estate loans should experience some of the safest and most productive lending done in the last quarter century. Remembering the lessons of the past and returning to the basics of good real estate and good real estate lending will be the key to real estate banking in the future.
Chad Mayes is the creator of CEMLending.com [http://www.cemlending.com], a resource which provides commercial mortgage loan financing and hard money lending options. This article is copyright of CEMLending.com [http://www.cemlending.com]. This article may be reproduced as long as author’s name and all links remain intact.
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