Real Estate Information Center

Buying rental properties in Holiday-New Port Richey, FL – is a proven, profitable and relatively safe way of investing in real estate. However, many beginning investors make some deadly mistakes that end up costing them thousands of dollars. Read this page carefully so you know what these mistakes are and how you can avoid them.

Mistake #1 – Not Carefully Researching the Area
There are two things you must know before making any real estate investment in Holiday-New Port Richey, FL .

The first is you must know the comparable rental rates in the area. Check for the comparable rates for units like the one you’re considering. Remember to factor in vacancies and maintenance if you can.

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If you’d like a place in the sun, this Central American jewel is a place to consider and Costa Rica real estate is a great way to start your search for your second home, vacation home and simply your retirement dream.

Costa Rica is often called the ‘New Hawaii’. This usually means that is that it is similar to Hawaii as far as climate and beauty is concerned but, importantly, that this Central American country nestled between Nicaragua and Panama is how Hawaii used to be fifty years ago! Then Hawaii had huge sugar plantations. Now, however, Hawaii gets most of its money from tourism. Costa Rica has coffee and pineapple plantations but its tourist industry gets bigger every year.

Located in Central America, Costa Rica is an emerging nation who are working hard to get rid of their ‘third world’ status. Surrounded on the east by the Caribbean Sea and on the west with the Pacific Ocean, The country is truly beautiful and is famous for its bio diversity and indeed even the sand comes in all colors, from volcanic black, browns, reds to spectacular white. The ocean is warm and you can either enjoy a good book on the beach with the occasional swim or go all out with a great variety of water and sand activities from scuba diving to wind surfing to beach volleyball. There are many varieties of insects, birds and animals and this alone is a huge source of eco tourism.

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The stock market continues to expand and retreat. Personal portfolios are dwindling. It is a “buyers market” in real estate. Banks, despite an unprecedented federal bailout, are tightening their lending programs so the average purchaser can’t obtain a loan.

This is the recipe the private mortgage industry was founded on – and it has returned.

With everything going on right now in the real estate marketplace there are two key factors that make this the time for seller financing. One, banks are not lending. Two, investors have nowhere to put their money.

Continue reading ‘Real Estate Notes – An Investment Recipe For Success!’ »

The Buy to Let market has been very lucrative for myself and many other people for the past few years. It has been quoted by the London Stock Exchange as being the best investment in the last ten years. As a nation of home lovers many of us feel more comfortable investing in brick and mortar. Most of us at some point have purchased a property and therefore have some experience.

The complexity of buy to let investment is far simpler than investing in the stock market. All investments carry some degree of risk and my top tips have been tried and tested by myself, by experience of building my portfolio and working in the property industry for 25 years. Buy to let investment offers great returns even in today’s market for those that can wait for the medium and long term. Property prices have doubled every seven to ten years.

KNOW YOUR MARKET. It is vital to your own success to research your market. – Current house prices in that area – The realistic market rent – What type of property you intend to buy and for which tenants – Reasons for investing in that area..

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If you are buying short sales from banks one of the requirements from most banks is a proof of funds (“POF”) letter. If you are using a traditional lender it is generally easy to get a standard preapproval letter. But what if you are going to use private lenders or hard money lenders how you get proof of funds letter.
I have drafted several example for you use in different circumstance depending if you are using private lenders for hard money lenders.

A typical POF letter from a private lender might be as follows:

To Whom It May Concern:

My name is Sammy Lender (“Lender”) and I am private investor. Mr. Joe Real Estate Investor (“Borrower”) has the availability of private funds from for the purposes of purchasing a single family home at 123 Main Street, Anywhere, USA. The Borrower has an approved availability of funds in the amount of $ ____________________.

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