by ICON
If you are planning to invest in buying property in Malta, you should be aware of certain factors. In Malta there are certain restrictions on what kind of property a foreign national can purchase and what they can do with it. A foreigner can buy one piece of residential property which they can use as their primary residence or, as a holiday residence when they visit the place. The property bought cannot be rented to anyone else.
For a foreigner to be able to buy property in Malta there is a minimum price to be paid for an apartment as well as for a house or a villa to be able to obtain an AIP (Acquisition of Immovable Property) permit which is granted by the Ministry of Finance and usually takes some 6-8 weeks. These prices are € 169, 205, for a house or villa and € 101, 551 for flats or maisonettes.
While buying property in Malta there are a few conditions one must abide by. The estate which the foreigner is willing to buy should not be valued at less than 1, 16,468 euro. Moreover, the fund for buy the property in Malta should be brought in from outside the country.
Despite the restrictions, the serene beauty of the Maltese islands draws people from all over the world. Some of them want to buy the property in Malta and relax amidst the exquisiteness of nature for the rest of their lives, while some tourists invest in property simply for vacations. The island is small but boasts much character. From different historical places which hold testimony to the various cultures that visited Malta to luscious sandy beaches under the blue sky, to lots of mouth-watering food- Malta has all the ingredients to keep the tourists coming back for more. Some visitors plan to buy the property in Malta as their chosen retirement location.
Pendergardens, urban life at its best. A prestigious self-contained development covering an area of 18,500.m2 strategically located in St Julians Malta http://www.pendergardens.com
Sunday, May 23, 2010
Friday, May 21, 2010
Quick Money in Real Estate: Tips for Diversifying Investment Portfolios
by Simon Volkov
Most investors dream of making quick money in real estate. In order to turn this dream into reality, real estate investors need to invest time in becoming educated about the various opportunities to capitalize on a recessed real estate market.
Several options exist to make quick money in real estate. These can range from buying distressed properties such as foreclosure, bank owned or short sale properties to rehabbing, house flipping and wholesaling real estate.
Investing in distressed properties is one of the more popular real estate investments. Foreclosure homes are sold through public auctions. Many of these homes require repairs or have tax or creditor liens attached. In some cases, foreclosed homeowners continue residing in the home until they are forced to leave.
Investors must engage in due diligence to determine the actual cost of buying foreclosure homes. It can be time-consuming and costly to have liens removed or engage in the eviction process. However, if the property has been sitting vacant and no liens are attached, foreclosure homes can be renovated and sold for profit or used as rental property.
If no one bids on foreclosure houses through auction, the property is returned to the mortgage lender. At this point the property becomes bank owned and must be purchased directly from the lender or their assigned real estate agent.
Bank owned homes are typically priced higher than foreclosure homes. However, banks negotiate with creditors to have liens removed. If homeowners reside in the property, the bank commences with eviction. In the long run, bank owned properties usually cost less because they are sold with a clean title and investors can rehab the property to sell or use as a rental home.
Wholesaling is one of the best ways to make quick money in real estate. Investors purchase real estate well below market value. This can be accomplished by purchasing bank portfolios consisting of multiple properties or locating real estate held in probate.
When real estate investors wholesale homes they sell them in "as-is" condition. In essence, investors act as a property broker. They do not make repairs to the home or invest additional monies. Instead, they buy the property and sell it to another buyer for profit. It is not uncommon for investors to earn 10- to 40-percent profit per sale.
House flipping used to be a popular way to make quick money in real estate. With the economic recession, investors must carefully weigh the pros and cons of this technique. Flipping houses involves purchasing real estate below market value, rehabbing the house, and selling it quickly for profit.
One option for developing a solid network of buyers is to become a member of real estate clubs. Not only will investors meet potential clients, they can also learn real estate investing tips, tricks and techniques. Real estate clubs provide many opportunities for locating exceptional deals and partners for making quick money in real estate.
These are just a few ways to build a solid real estate investing business which generates residual income and continuous profits. The Internet provides a wealth of information on becoming a real estate investor or expanding your investment business.
Simon Volkov is a seasoned real estate investor who offers multiple investment opportunities via his website at www.SimonVolkov.com. Simon provides a comprehensive real estate investment article library which offers tips and resources to earn quick money in real estate.
Most investors dream of making quick money in real estate. In order to turn this dream into reality, real estate investors need to invest time in becoming educated about the various opportunities to capitalize on a recessed real estate market.
Several options exist to make quick money in real estate. These can range from buying distressed properties such as foreclosure, bank owned or short sale properties to rehabbing, house flipping and wholesaling real estate.
Investing in distressed properties is one of the more popular real estate investments. Foreclosure homes are sold through public auctions. Many of these homes require repairs or have tax or creditor liens attached. In some cases, foreclosed homeowners continue residing in the home until they are forced to leave.
Investors must engage in due diligence to determine the actual cost of buying foreclosure homes. It can be time-consuming and costly to have liens removed or engage in the eviction process. However, if the property has been sitting vacant and no liens are attached, foreclosure homes can be renovated and sold for profit or used as rental property.
If no one bids on foreclosure houses through auction, the property is returned to the mortgage lender. At this point the property becomes bank owned and must be purchased directly from the lender or their assigned real estate agent.
Bank owned homes are typically priced higher than foreclosure homes. However, banks negotiate with creditors to have liens removed. If homeowners reside in the property, the bank commences with eviction. In the long run, bank owned properties usually cost less because they are sold with a clean title and investors can rehab the property to sell or use as a rental home.
Wholesaling is one of the best ways to make quick money in real estate. Investors purchase real estate well below market value. This can be accomplished by purchasing bank portfolios consisting of multiple properties or locating real estate held in probate.
When real estate investors wholesale homes they sell them in "as-is" condition. In essence, investors act as a property broker. They do not make repairs to the home or invest additional monies. Instead, they buy the property and sell it to another buyer for profit. It is not uncommon for investors to earn 10- to 40-percent profit per sale.
House flipping used to be a popular way to make quick money in real estate. With the economic recession, investors must carefully weigh the pros and cons of this technique. Flipping houses involves purchasing real estate below market value, rehabbing the house, and selling it quickly for profit.
One option for developing a solid network of buyers is to become a member of real estate clubs. Not only will investors meet potential clients, they can also learn real estate investing tips, tricks and techniques. Real estate clubs provide many opportunities for locating exceptional deals and partners for making quick money in real estate.
These are just a few ways to build a solid real estate investing business which generates residual income and continuous profits. The Internet provides a wealth of information on becoming a real estate investor or expanding your investment business.
Simon Volkov is a seasoned real estate investor who offers multiple investment opportunities via his website at www.SimonVolkov.com. Simon provides a comprehensive real estate investment article library which offers tips and resources to earn quick money in real estate.
Tuesday, May 18, 2010
Purchasing a Foreclosed Home to Provide Rental Income
By Jared Wright
If you want to buy and rent out a foreclosed home for income purposes, you will have to do your due diligence and research. Buying a foreclosed property for the purposes of renting can be profitable, but this is as easy as it seems, there are works involved to make sure you are getting a decent deal, bring the home up to standard before renting it out.
First and foremost, you should find out more about the area in which the foreclosed property is sitting on. Always make sure to check the types of homes in the area, schools and amenities as this is a strong consideration for potential to rent your place. A quick tip would be to look through the local papers for comparable rentals to see what the going rate would be.
When you are looking for foreclosed homes, check for those that are going to auction - often times these can be the source of a great deal. Be prepared to buy a property without an inspection as this is quite common with foreclosed homes.
It is often a safer options to use a real estate agent to look for a home that is fully bank owned and is on the regular property market. This will give you the opportunity to inspect the home before purchase.
Using a real estate agent can help walk you through the entire process of searching for a home, home inspection and purchasing the home. Real estate agents have listings of foreclosed homes and those that are up for auction in the area you wish to buy from. One of the main benefits is that they can help negotiate a good deal for you and secure a better mortgage.
You should always have your financing in place before you commit to a purchase. It is also a good idea to have a reserve fund in place to cover the mortgage payments if you initially have difficulty finding a tenant.
You can list your rental in the paper or with the MLS system which gets plenty of people searching through it every day. Set a price that is in line with the local market.
Apartment buildings tend to rent for less than a home does, so you may need to throw in some extras to gain a reputable renter.
Jared Wright is the webmaster of Clivir.com - the free learning community site. You can find more foreclosure related articles such as [http://www.clivir.com/lessons/show/what-are-the-ramifications-of-a-foreclosure.html]ramifications of foreclosure and [http://www.clivir.com/lessons/show/deed-in-lieu-what-is-deed-in-lieu-of-foreclosure.html]deed-in-lieu of foreclosure by following the links.
If you want to buy and rent out a foreclosed home for income purposes, you will have to do your due diligence and research. Buying a foreclosed property for the purposes of renting can be profitable, but this is as easy as it seems, there are works involved to make sure you are getting a decent deal, bring the home up to standard before renting it out.
First and foremost, you should find out more about the area in which the foreclosed property is sitting on. Always make sure to check the types of homes in the area, schools and amenities as this is a strong consideration for potential to rent your place. A quick tip would be to look through the local papers for comparable rentals to see what the going rate would be.
When you are looking for foreclosed homes, check for those that are going to auction - often times these can be the source of a great deal. Be prepared to buy a property without an inspection as this is quite common with foreclosed homes.
It is often a safer options to use a real estate agent to look for a home that is fully bank owned and is on the regular property market. This will give you the opportunity to inspect the home before purchase.
Using a real estate agent can help walk you through the entire process of searching for a home, home inspection and purchasing the home. Real estate agents have listings of foreclosed homes and those that are up for auction in the area you wish to buy from. One of the main benefits is that they can help negotiate a good deal for you and secure a better mortgage.
You should always have your financing in place before you commit to a purchase. It is also a good idea to have a reserve fund in place to cover the mortgage payments if you initially have difficulty finding a tenant.
You can list your rental in the paper or with the MLS system which gets plenty of people searching through it every day. Set a price that is in line with the local market.
Apartment buildings tend to rent for less than a home does, so you may need to throw in some extras to gain a reputable renter.
Jared Wright is the webmaster of Clivir.com - the free learning community site. You can find more foreclosure related articles such as [http://www.clivir.com/lessons/show/what-are-the-ramifications-of-a-foreclosure.html]ramifications of foreclosure and [http://www.clivir.com/lessons/show/deed-in-lieu-what-is-deed-in-lieu-of-foreclosure.html]deed-in-lieu of foreclosure by following the links.
Sunday, May 16, 2010
Finding Good Rental Properties For Business Needs
By Elliot C Davidson
Perhaps the rental space you are currently in isn't big enough to accommodate your business growth or if it isn't conveniently located for your customer base. Perhaps you are just opening your business and looking for a good location. If that is the case, you are going to need to consider a few factors; price, location, target market, and target revenue.
Before you consider price and location, you need to carefully analyze the needs and the potential of your business. Careful market research is the best way to do this. Figure out your target market and how much potential that market offers in your area. Figure out what competition you will be up against and how much you expect to make per month. Although without considering rent it can be hard to estimate your income after expenses, try to determine what common utilities and other business expenses will be and weigh them against your forecasted profits. When doing this, always estimate with the least you expect to make per month to cover yourself in case of a slow month.
If you are opening a retail space you need to not only consider actual floor room for stock, but also storage space including store supplies. This is an important detail many fail to think of which causes tremendous problems down the line.
With your estimated budget for [http://www.zoopla.co.uk/to-rent/]rental properties in mind as well as the space you need, you need to again consider your market base. Your space needs to be easily accessible to your customers and offer ample parking. Drive around and look at potential properties and make calls about viable places. Think about your budget, the location and the size and choose accordingly. Keeping all of these things in mind, you should have no problem finding the perfect rental property.
Elliot Davidson has over 15 years experience in the property industry. He enjoys writing about the property market and [http://www.zoopla.co.uk/]houses for sale.
Perhaps the rental space you are currently in isn't big enough to accommodate your business growth or if it isn't conveniently located for your customer base. Perhaps you are just opening your business and looking for a good location. If that is the case, you are going to need to consider a few factors; price, location, target market, and target revenue.
Before you consider price and location, you need to carefully analyze the needs and the potential of your business. Careful market research is the best way to do this. Figure out your target market and how much potential that market offers in your area. Figure out what competition you will be up against and how much you expect to make per month. Although without considering rent it can be hard to estimate your income after expenses, try to determine what common utilities and other business expenses will be and weigh them against your forecasted profits. When doing this, always estimate with the least you expect to make per month to cover yourself in case of a slow month.
If you are opening a retail space you need to not only consider actual floor room for stock, but also storage space including store supplies. This is an important detail many fail to think of which causes tremendous problems down the line.
With your estimated budget for [http://www.zoopla.co.uk/to-rent/]rental properties in mind as well as the space you need, you need to again consider your market base. Your space needs to be easily accessible to your customers and offer ample parking. Drive around and look at potential properties and make calls about viable places. Think about your budget, the location and the size and choose accordingly. Keeping all of these things in mind, you should have no problem finding the perfect rental property.
Elliot Davidson has over 15 years experience in the property industry. He enjoys writing about the property market and [http://www.zoopla.co.uk/]houses for sale.
Subscribe to:
Posts (Atom)