You now have residential property investments experience under your belt. Now is the right time to move on to commercial real estate investing. You ask yourself, what are the keys to getting started in commercial real estate? Is this a complex transition from investing to residential property to commercial? If these are questions you have asked yourself recently, you are not alone. There are a lot of people out there who wants to make that big change at one point or another. Knowing the key elements may seem vague at the moment to get you started in commercial real estate investing. Escalated net worth and increased income are among that awaits you. Here’s what you can do to make that first move. This will surely shorten your learning curve and avoid costly mistakes.

First is to educate yourself. This is the most important thing you must do as an investor. Invest on your mind by educating yourself. Learn the in’s and out’s of commercial real estate, ask plenty of questions, talk to an expert. Do your research. This is a must in order to ask the right questions and to have an intelligent conversation to those who will be part of your team in your quest to find investment properties. Some of the acronyms that you’ll need to know are: NOI or net operating income, ROI or return on investment, GRM or gross rent multiplier, EGI or effective gross income, Cap rate or capitalization rate. Terms that you’ll come across when speaking the language of commercial real estate. Gather all the facts that you can about commercial real estate investments. Learn how they work. Learn how value is being determined.

Next is to evaluate properties on a daily basis. Learning the standard and requirements for appraising will be your bible to do it right. Having this as a tool, determining your property’s worth and what is your desired return will be easy for you. And you might be surprised after all cost have been factored. The more you practice the better you’ll be prepared when it’s time to purchase your first commercial property.

And last, is to find an agent with a CCIM designation. This stands for Certified Commercial Investment Member. Agents with the CCIM designation have completed courses covering Financial Analysis, Market Analysis, User Decision Analysis and Investment Analysis. This is the most coveted type of designation in the commercial arena. Its members are recognized expert in the disciplines of commercial and investment real estate. It is like having a PhD in commercial real estate education. Only an elite number of more than 15,000 professionals holds the CCIM designation across North America and in more than 30 countries.

Start small, build a strong base, and grow. Build a sound foundation in your education in commercial real estate and you will be more than ready to invest with the guidance of a CCIM agent.

Join our online community and engage or start a new thread about this topic in our forum. Be sure to stay tune to our next topic. https://realestate-hub.com/main/forum

There are many foreclosed homes on the market; half are mold foreclosures.Banks are holding on to properties that have had the utilities turned off. How long the utilities are off is an important consideration; you have a 50% chance of buying a mold foreclosure. Usually no one is going to tell you that you are looking at a mold foreclosure; however, in a lot of cases it is obvious. For instance, a foreclosed home in humid Florida will not take long to fill up with mold. Mold can grow 24 go 48 hours in high humidity. Mold requires warm, dark and damp places to grow. What is occurring in mold foreclosures is called the “stack effect”. Natural ventilation sucks moisture up through the attic; driven by air conditioning and heat in the seasons. There is also the factor of people moving through the house promoting circulation through movement. Without air conditioning, heat and movement, houses quickly become moldy. Germs, viruses, bacteria and fungi love high humidity. To stop mold, the utilities must be left on preferably with a dehumidifier for basement running.

Should you buy a foreclosed home? Here is a real story to consider: A woman in Florida bought a short sale home; saved $90,000. However, she cannot enter her house without wearing a mask. She did the right thing: she had a home inspection. The inspection came back clean: no mold. She did not have a mold inspection. However, the mold was not obvious. It was in the walls and behind the baseboards. She stayed a bit and discovered that the house had a major problem: she needed someone to come and kill the mold. To kill mold can cost a lot of money. A minor mold abatement can run around $5,000.00. This woman realizes that she is looking at major mold renovation. She now lives in a motel while she finds a mold restoration company to hire. lesson learned: if you live in a humid area, have a mold inspection.

Put a contingency in your contract that the sale is void if mold is discovered. If you go into the house and you start not feeling well, there probably is mold. Look for signs of water intrusion. Most cases of mold start in the basement. Start there. Water stains are another sign. The attic is also a place to look. If leaves gathered in the gutter and ice dams formed, water can easily work its way into the attic. You should water stains and possibly see mold. Mold comes in many colors: brown, yellow green or black.

If pipes broke and that were not attended to in a reasonable amount of time, mold grows.Ask if there are any repairs that need to be done. Here is a list of where you can find mold:

Bathrooms, basement crawl spaces, shower stalls, ceilings, bathroom walls and ceilings, attics due to improperly built roofs, leaky plumbing, insulation, air ducts, laundry room, air conditioning ducts, peeling drywall, carpeting in a finished basement, closed rooms or doors in a basement, beneath wall paper, paneling, and finished basements.

If not sure there is mold, hire a mold remediation company to test and check around; mold tests are around $300.00. Mold testing should be done by a lab. Mold can be spotted in walls with a thermal imaging camera. Companies also take samples. Do your research: a bargain can be a nightmare or the mold foreclosure can be a bargaining chip if you are willing to take the chance. Get estimates as to what it will cost for repairs and to make sure to kill mold. If you are willing to buy an obvious mold foreclosure, hire a lawyer who specializes in the buying of mold foreclosures to protect yourself. Don’t be surprised at attempts to hid mold. Some folks will actually paint over the mold to hide it. Houses sitting on the market for years are prime places for mold. Happy home hunting.

Author: Judy Kojadinovich
http://www.stopmoldcold.com/behealthy
Water intrusion and high humidity in the basement create the perfect atmosphere for mold growth. Steps to keep mold out of your house are: 1. prevent old: basement with dehumidifier. 2 Use allergy air purifiers 3. Sweep all surfaces with a hepa vacuum. Clean all surfaces with Borax or mild detergent. Visit http://www.stopmoldcold.com/behealthy. We have all these products at below retail.

We met with a successful home builder in Richmond Va. last week to discuss the new normal for housing and what 2012 and beyond should bring. He raised an interesting point about the marketplace and the resulting movement. “As Americans, we feel under attack,” he said. “Collectively, all of us feel under attack and have for the last several years. Our bank account, our stock portfolios, our home values, our jobs, everything….is threatened at a level that we haven’t felt in 20+ years. It makes us uncomfortable and it makes us nervous.” He continued, “When people feel uneasy or uncertain, they tend to seek things that are solid and sure. We seek things that are authentic.”

What a great observation.

As a homebuilder, the period from 2000-2007 was based on building homes that were flashy and trendy with all of the bells and whistles that no one truly NEEDED, but everyone WANTED. Homes were sold with every imaginable upgrade on lots that were expensive and small. Quality was trumped by quantity and what was outside the walls mattered more than what was inside them.

2008 fundamentally changed the buying public.

Things that feel ‘authentic’ to us are usually things that are in our past and remind of times that were simpler and somehow better. Home designs that are based on simplicity and quality are back in vogue. The ‘Craftsman-Styled’ homes of the 1930-1940’s are re-emerging in popularity. Bungalows and ‘Four-Squares’ of the same era are also becoming increasingly popular as they also represent a very authentic period in America’s history.

These authentic plans with traditional elevations are also being built with a higher level of materials than what was deemed ‘acceptable’ during the bubble period ending in 2007. Vinyl is being pushed to the side and stronger exterior materials are being used. Larger windows, true wood flooring and better trim packages are also becoming the norm. The standard ‘builder-grade’ appliance package is another place where the public has demanded more. “Professional Series’ is the new standard.

Additionally, responsible building practices (EarthCraft/LEED) are quickly becoming both better understood and increasingly demanded by the buyers. For reasons that are economic (lower utility bills and increased builder education) or socially responsible (low VOC paints and responsibly harvested woods), the buyers (and the appraisers) are recognizing that a small investment in GREEN practices pays off in a justifiable time frame. As GREEN building moves from ‘expense’ to ‘investment,’ it will become more and more prevalent.

Building sustainable homes with simple and timeless designs is a good thing and it is too bad we had to endure 2008-2010 to figure this out.

Rick Jarvis is the co-founder of One South Realty Group, which maintains a significant practice focused on Richmond VA New Homes. Click here if you’d like more information on the state of the market for Richmond New Homes.

In this article you will find a couple great tips to help you optimize your LinkedIn account for the search engines.

You can also optimize for your LinkedIn account as a realtor by changing the three different website links to have the appropriate search engine optimized anchor text.

Here is step by step instructions for changing that anchor text in your profile.

Step 1. Log in to your account.

Step 2. Wave your mouse over the profile button. What you will see is a drop down menu that says edit profile, view profile, recommendations, and profile organizer.

Step 3. Click on edit profile and scroll down the page until you see the text that says websites. You have three different links that leverage on your profile page.

Step 4. Click on the edit button. After you do that you will see another drop down menu. Click on the bottom option that says (other). That will make the space you need to put your URL in place. You will see a slot next to the place you put the URL that says Tittle. That tittle will become anchor text.

A Couple of Notes about changing the Anchor Text in Your Profile.

You don’t want to put three links to the same page on your website. Google will only recognize the authority of one link with on anchor text per page that anchor text is located on. Call one of those webpages (your city name realtor) that web page should talk about you and your company. Make the second page have the anchor text (your city name real estate) make that the home page of your website. Then make the last anchor text be (your city name and mls search) put the page of your website with the mls search.

You can also optimize your account by customizing your LinkedIn URL. By default your LinkedIn URL has a bunch of numbers and other stuff.

Here are the steps to customize your URL.

Step 1. Log in to your account.

Step 2. Wave your mouse over the profile button. What you will see is a drop down menu that says edit profile, view profile, recommendations, and profile organizer.

Step 3. Look about half way down your profile page and you will see your LinkedIn URL. Just click on the button next to it that says edit.

Search engines look at URLs as an indication where they webpage belongs in the search results.

So I would include the primary city you service along with the term realtor or real estate in the URL. This is easy and only takes a second. You’ll also find that when you optimize your LinkedIn URL its easier to share and easier for people to remember.

I sell Franklin TN Real Estate Agents With this website that focuses on the Real Estate for sale in Franklin TN You can look through it for examples if you would like to become more successful with your real estate business.

It’s undeniable that the U.S. is going through one of the worst housing markets in recent memory. It seems that every time we think we’ve reached bottom, average prices drop another 10% to 20%. For those trying to sell their homes, the numbers can be disheartening. However, it’s important to keep in mind that even though we are in a ‘buyer’s market’, houses are still getting sold, and a good real estate agent can be very helpful in getting a home sold even in a market like this.

Choosing a realtor that is one of the top real estate agents in the marketplace can be difficult if you don’t know what to look for. Here are 5 qualities that a top real estate broker or agent will possess:

1. A commitment to his career.

The first thing you need to know when considering a real estate agent for which to list your home is if they do this as a full time career. These days, there are many people who work full time jobs during the week, then work as a part-time realtor on the weekends. Back in the days of the housing boom, it may have been okay to work with someone like that, but in today’s market, you need a real estate broker with a commitment to getting his/her client’s homes sold.

2. Membership in the National Association of Realtors

Here is another indication of how serious the real estate broker/agent you are considering is. Have they taken the basic step of becoming a member of the nation’s largest realtor trade group? If they haven’t, this is a strong indication that this person is not as serious about selling homes as he/she should be.

3. Knowledge of your local community

When you are looking for a real estate agent to get your home sold, doesn’t it only make sense to choose someone who is located close to your neighborhood and has worked with other homeowners in your community? A realtor who is close by will have a much better ‘feel’ for what’s happening with other homes in the area and be able to get your home priced appropriately, so it doesn’t sit on the market for months without being sold.

4. A first class team of associates

These days, the best realtors out there have a good team of various experts they work with. For example, a top real estate agent will normally work with first class mortgage brokers, home inspectors, and staging professionals that are able to combine their talents to insure a prompt and smooth transaction for the seller (and buyer).

5. Cutting edge marketing techniques

These days, it’s not enough just to be committed to the sale, know the local community, and work with the best team, a top real estate broker must also be using ‘out of the box’ marketing techniques (both online and offline) to deliver the most possible traffic from prospective buyers. Remember, sales of any kind comes down to a ‘numbers game.’ The more people look at your home, the more likely you are to find a buyer willing to pay close to your asking price within a reasonable period of time.

Don Dowd Homes is established as one of the top Real Estate Agents Berwyn PA. He succeeds as one of the top Berwyn PA Realtors in large part because it’s not a job to him. It’s his passion.

When people want to make money from buying and selling homes, they will often look for information online to start the process. People who want to succeed and make a living in the housing market need to learn about the different tips that surround real estate investing. There are six tips that every investor needs to know.

The first way to be successful in the housing market, is to create a plan. When people do not plan every detail, they will often lose a lot of money. Investors need to figure out what markets they want to enter; such as single family homes, commercial, or multifamily residences. Having a plan will help investors succeed in the housing market.

Another tip is to have a professional read the business plan over. People who have been in the housing market for a long time can tell new investors if they are missing critical details, or if they have a solid plan. They can tell investors if their plan will be effective or not.

The next tip people need to know when buying properties, is to never give up. The process is often frustrating, with deals falling out, or not being able to close on the property in a specific time period. This happens to everyone, and when investors roll with the punches, they will get the properties they want.

People need to start small, and slowly expand their property portfolios. When investors jump in to large projects, they will not know all the ways to take care of the deal. Investors need to create lists of things to accomplish every day, so they will not fall behind, or miss a critical component.

Investors need to do what they say when they talk to other investors in the housing market. If someone says they are going to buy the property, they need to follow through on what they said to the seller. This will give them credibility in the housing market when they follow through on what they tell people.

One way to lose respect and credibility quickly is to arrive late to scheduled appointments with sellers, buyers, contractors, and others. Investors need to be the first person on-site, since it is their business on the line, and when they are late, people will not want to do business with them in the future. Investors need to show respect to others all the time.

There are other tips that investors can read about when they want to get into real estate investing. They need to do their research before they jump into the housing market. When people do not develop a plan, they will lose a lot of money when deals do not go the way they are planned. Investors will wake up and go to bed thinking about properties and deals that they want to put together. People who want to make a career out of buying and selling properties will often have to sacrifice things in their personal life to be successful.

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Today, consumers are faced with obstacles of all kinds in various ways that they simply were not used to for the last 20 or 30 years, thanks to the recent recession. Below is a buyer’s guide for the tough real estate market to help those who are interested in purchasing property in these difficult and tough times.

Today, things have gotten tougher with mortgage lenders and bankers, making loan approvals more difficult. That makes the entire market suffer because many buyers face blockages of all kinds. When creditors do not feel safe, they simply do not give out loans easily.

In the past, they were blessed with easy approvals and credit from every possible angle. Now, creditors present many challenges to their customers and especially to their potential customers. It’s quite a change from the times where an individual didn’t even have to put one dime as a down payment to purchase property.

The important thing is that potential buyers need to recognize that these changes have come about and a lot of times that means being more realistic with what one can afford. Mortgage lenders simply won’t lend money to consumers who seem slightly risky. A risky situation can be one where the potential buyer has just gotten a new job, or where he or she works in a field that is risky and a job loss may occur.

Job security is probably the most important thing of all when it comes to the guidelines of lending money. As well, it will be expected in most cases, for the consumer to invest personal funds that could equal about 25% or even more, although it can be as low as 5% of the purchase price.

The riskier the individual buyer is, the tougher the lender will be. Therefore, the buyer must be well prepared to negotiate a mortgage loan approval, meaning that they must be prepared to show proof of income, employment, and so on. Each mortgage lender wants to ensure that they will be repaid, but at the same time that the consumer is able to live comfortably after having paid all their expenses.

These days they will be more diligent to ensure they do not lose money. No one wins in a situation where payments can not be made, as we have all seen with the recent increase in foreclosures, short sales, and such. The good thing is that a buyer who is in a good position can benefit from these foreclosures, enabling them to buy homes at great prices. For these individuals, it means having the upper hand with opportunities that could soon turn out to be very profitable investments when the housing market recovers.

Locating a place to live that provides all the scenic beauty of Idaho real estate is simpler than you might have believed. Search for Boise real estate by looking online.

The downturn in the economy put a lot of home owners in the shape where they are having their homes repossessed, or they are working with their mortgage companies who loaned the money in the first place to sell the properties. It just makes sense that the working to sell the property at a short sale is the preferred choice. Short sales are not hanging around long because people realize the value they are receiving when they purchase someone’s loss. You have to know some things about doing so before making the decision to search into this endeavor.

You may be the person taking care of finances in your household, and have decided that there is not way you can continue to afford your mortgage payments. If that is the case, speaking with your loan offices will help you figure out if you can negotiate, in an effort to return your family to a better financial position.

First of all, you must consider if you are able to take advantage of what a short sale can offer. In short, not everyone can meet the qualifications needed to receive this type of help. You will have to show proof that you are suffering under a financial hardship prior to benefiting from a short sale. On the other hand, it could be that you are searching for a good deal you can take advantage of in your search for a home. In that case, go speak with your personal lending officer at your financial institution and ask if you can take a loan out and find out the amount you can get.

Added to that, you should be sure that you can wait for a good length of time before taking possession of that new home. With the great deal of paper work involved you just have to know that getting in all in order will just take time to accomplish. First of all, the owner must be satisfied that they will be able to relinquish their financial responsibility for the home being sold. This just takes time, and patience is a virtue. Think of it this way, you don’t want to be loaded down in legal issues after you have located your dream home. The responsible lending institution will have a good bit to say about what will become of the home because after all, the money in question was theirs. Short sales are a good way to get a nice home, but to be sure it will take some real patience to wait for the final decision concerning the sale. This can even occur when all the legal issues are correct. Much of the delay is created because of all the shuffling back and forth from principles to attorneys.

The truth is that however you get involved in short sale homes, you will be pleased that you did, regardless is that involvement is resolving a financial hardship or acquiring your dream home at a greatly reduced price.

Lance Mohr is a full time, full service licensed broker associate with Keller Williams Realty. He has many years of experience helping families buy and sell Tampa short sales. You can get more information about Tampa REO on my website. Please feel free to copy any of his articles as long as you credit the author and retain the link to his website above.

Imagine a day when you run into the office to find your email box organized with only priority emails waiting for your response, your social marketing humming along, your top 5 income generating sources attended to through a consistent follow up system and there is a prospecting list sitting at your desk ready for you to convert to clients.

No, this doesn’t just happen in fairy tales. Finding a great assistant who can support you in the growth of your business and increase your quality of life is attainable. There are 5 simple steps;

1. Know what you need your assistant to do

2. Take your time in hiring the right fit

3. Create a clear blue-print of what you need your assistant to do and by when

4. Share your business goals and your vision with them so that they can help you reach them

5. Don’t micromanage, instead, empower them

Will they be perfect right off the bat? Maybe, maybe not. But for certain, setting a solid framework topped with time for experience will create amazing results.

Most professionals understand and appreciate the power a professional assistant can bring to them and their business. You would never expect your heart surgeon to manage the anaesthetic and your vital signs on top of operating delicate surgery, all at the same time. You in fact would expect them to focus on your heart and let the other experts on their team do what they do best.

So then, are you a professional that does everything yourself? Or do you focus on your strengths and what you like to do and hire appropriate talent to do the rest?

What should you, the business owner, be doing? Making personal contact with your key clients- future, present and past. Your team should be doing the rest, within their regulations of course.

Pick 5 of your top tasks that will create or sustain income generation for your business, its growth and its overall success. It’s crucial you know what your top income generating activities are; these are the fuel of your operation.

Don’t expect your assistant to be a clairvoyant, sit down with them and let them know what is important in your business and why. Together create goals, a plan of direction and expectations with a reasonable system to measure results. Then let them do it.

As Henry Ford once said “Coming together is a beginning. Keeping together is progress. Working together is success.”

Nina Campbell has been a REALTOR® for the past 18 years in the Greater Vancouver area. Passionate about the real estate profession, Nina began actively teaching within the real estate industry. http://www.ninacampbell.ca

Combining her talent for adult training with her extensive experience and knowledge in Real Estate, Nina Campbell created an organization focused on Training Programs, a real estate Specific Career Center and Community for Professional Real Estate Assistants. PRA Training is a skill-building and support program for existing and current real estate assistants. http://www.pratraining.com

Taking her own principles for developing successful businesses, Nina has written a book, soon to be published, on Business Building and enjoys speaking to groups interested in developing a solid Foundation for their own business success.

You can contact Nina Campbell Direct at nina@pratraining.com.