Archive for June, 2010

Dallas investment property offers some of the biggest advantages in the real estate market in Texas. For those looking to purchase or lease Dallas investment property one way to maximize profits is to find Dallas investment property that fits your specific needs. One company that can help you accomplish this goal is Modtown Realty. Modtown Realty is perhaps your best resource for Dallas investment property due to their wide reach in urban Dallas. We offer a wide array of services that provides you with great opportunities in the Dallas investment property market. Here are just some of the ways our agents can help you achieve your goals.

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Looking to Invest in Condos or Homes in Urban Dallas

For those looking to purchase Dallas investment property such as condos, homes or apartments one of the best ways to proceed is with Modtown Realty. Our staff is highly competent and offers not only top notch customer service, but true insight about the market here in urban Dallas. Dallas investment properties can offer individuals and businesses high yield assets and with our know-how, you can rest assured that you will find properties that fit yours specific needs and budget.

We offer comprehensive listings of Dallas investment property not only informing you of listed properties, but keeping you informed of newly listed properties using email. In addition, since we have our finger on the pulse of urban Dallas, we are usually one of the first to know about new Dallas investment properties entering the market.

Looking to Sell Dallas Investment Property

Besides helping clients buy Dallas investment property, we also support individuals and businesses looking to sell Dallas investment property. First off, we are committed to ensuring that we will sell your Dallas investment property in the shortest amount of time and at the right price. We hold your interests in high regard and offer you the ability to showcase your Dallas investment property to a wide range of potential buyers and agencies in the Dallas area.

We also offer specific marketing strategies to ensure that your property reaches your specific market. We utilize our advanced Internet marketing strategies, print media, signage, offering Broker Open Houses and even offer home staging so that you can gain an understanding of your properties strengths and how to minimize your properties weaknesses. Unlike most agencies, we offer an entire office of determined agents to help you sell your Dallas investment property.

For more information, whether you are interested in purchasing a Dallas investment property or selling one, please contact us directly so that we can explain to you first hand how our agency offers you more benefits than any other in the urban Dallas area.

By: Donald Modtown Realty

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For more details on finding a high quality Dallas Apartments, Dallas Homes for sale, Dallas Real Estate, Uptown Dallas Apartments, and Dallas Foreclosures, please visit Modtownrealty.com today.

There is plenty of leverage as the 65% balance isn’t payable until completion and approval of the finished property and an initial 35% post due diligence payment. There are no construction risks whatsoever and this foolproof opportunity to own a highly desirable apartment in an equally alluring region offers all the benefits of any higher risk market, just without the worry.

Rental : Despite democracy and property ownership issues restricting the development of Cambodia’s real estate sector, it’s somewhat reassuring to know that Phnom Penh is at the centre of it all. Here, the developer is offering a net rental guarantee of 10% for the first 2 years so, along with Cambodia’s capital growth hovering around 15% to 20% per year, this investment opportunity is undeniably attractive.

Costs: Cambodia’s tax administration is split between registered businesses that are required to submit a monthly tax return and individual taxpayers who do not submit tax returns (though tax on employment income is withheld by their employers), so do not pay income tax on rent. Theoretically, up to 20% income tax is payable by residents from their net rental profits, whilst non-residents will pay 20% flat rate. Administrative practice dictates that companies must pay income tax and deduct 1% turnover per annum. Profit tax is 15% on net profits with the usual depreciation and deductions being allowed. Individuals are not VAT registered either and so are not liable for VAT on rental income. 10% withholding tax is payable by the lessee if the landlord is resident, and 14% if the landlord is non-resident. This tax is increasingly written into new leases. VAT is payable on rental income at 10% in corporate situations. Capital gains tax is currently non-existent, though it is imminent and likely to come into effect by 2008 at around 20%.

Buying: As foreign ownership of land isn’t allowed in Cambodia, investors must take 1 of 4 routes around the problem. Buy through a local company, lease the land, acquire governmentally encouraged Cambodian citizenship and land ownership rights as you do so.

Tenancy: Rent is freely negotiable between landlord and tenant in Cambodia, with a deposit of 1 month’s rent and 2 months’ advance rent for the last two months of tenancy are commonplace. The security deposit is usually refunded 3 days after the tenancy term and all applicable maintenance deductions. Long-term renewable leases that usually last for 1 year are commonly written, though verbal agreements are acceptable for shorter term rentals. Only the law of contracts and the improved revised land law governs the tenant/landlord relationship.

Access: Phnom Penh hosts 2 international airports that offer daily flights along with all the major regional airports in Bangkok, Hong Kong, Ho Chi Minh City, Singapore, Taipei and Laos too, though the nearest is just 11km away from central Phnom Penh.
Find out more about all applicable aspects of this opportunity at – http://www.davidstanleyredfern.com/investment-property/cambodia/

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.’s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivaled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market’s regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com

Apartment Marketing Ideas

Apartment Marketing Ideas

There are many people who opt for apartment living for the advantages it has got in terms of affordability and convenience. The biggest advantage is that in an apartment there is no maintenance required for the outer space of the house. After the recent decline of the U.S. economy, demands for apartment both for sale as well as rent purpose, has gone up. Mostly, people prefer to have their apartment in those locations where amenities like transport, shops, schools and restaurants are easily accessible. People with diverse income group and different demographic profiles may want to have an apartment either for buy or lease purpose. So, your apartment marketing ideas should be developed in such a way that they suit the needs of almost all of them.

Promote the Apartment
Traditionally, the ideas for apartment marketing are to promote them via media like TV, radio, classifieds ads in the newspaper etc. Balloons, banners and signs on the property is another way of promoting your apartment. Make sure such signs are easily readable from a distance. Student community is prospective client for renting an apartment. If you are looking for tenants, then distributing flyers in the community college, in the proximity of the property often helps. You can also put up an advertisement in their student newspaper. Today, online search has gained more popularity than any other medium. Therefore, it is essential that you place ads in the most popular classified sites. You can also go through real estate marketing ideas and real estate marketing plan.

Create Websites for Apartment Marketing
You should use the best of your creative apartment marketing ideas, to design an attractive website that contains all the relevant information related to the apartment. It should meet the requirements of both a prospective client as well as of the current occupants. The important aspects that need to be included for present residents are work under request, community news, online payment facilities for the tenants etc. It should have a directory that consists of information on school, shopping centers, recreation centers etc of the nearby areas. The pages for the prospective clients should have information related to floor plans, amenities of the apartment, discount facilities, maps or direction to the address of the apartment, etc. Most importantly, there should be an online application form. It is better if the information collected from the client be in an encrypted form, for the data safety. All the pages of your website should be linked to the application form. If you put online ads on various other websites, make sure the ads have link to the application form. To know more refer to:
Real Estate Web Design
Website Promotion
Show the Apartment to the Client
Showing the apartment plays a vital role in apartment marketing. First of all, the apartment you are marketing should be in a presentable condition. If required, do some repair work so that the defects are not apparently visible. Touch up the wall with a fresh coat of paint and make sure all the bulbs are functioning. When your client is visiting your office, you have to show the models of the apartment displayed in your office. You can prepare a coffee table book that contains some beautiful photographs of the interior design of the apartment. Make sure you highlight the distinguishing features of the apartment, so that the client gets an excellent first impression. If the client finds it interesting, then go ahead and show the apartment. For the renter, it is advisable to show the apartment instead of showing just the models. To know more read on real estate marketing tips.

Make Unique Offers
One of the most unique apartment marketing ideas is, to make arrangements for such offers that targets the need of your clients. Like arrange for a set up for free wireless Internet access for the residents of the apartment and you can also make flyers for this offer and put them in places like the nearby local internet cafe. That way, when people visiting these cafes will see this offer, you have a good chance of getting some customers. Those people who are relocating to a new place, find it convenient to take an apartment on lease so that they can find out if they like the area or not, before they think of buying it. Work with reputed relocation companies of your area and give some attractive offers on rent for its clients. To know more you can refer to real estate marketing.

These are some of those ideas for apartment marketing, that work really well for all types of clients. You can develop many more innovative apartment marketing ideas on your own, that can target a specific group according to their needs and requirements.

Apartment Loan 101

Apartment Loan 101
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So you’re interested in going into business as a property manager? Have you given any thought yet to you’ll enter this potentially profitable market? Reality check-unless you’ve just inherited a large sum of money from a relative or are otherwise independently wealthy you’re going to find someone to borrow from. This is where an apartment loan comes in.

Before you visit the local bank or other lending institution, it may be wise to ask yourself how long you plan to own the apartment building or complex. Are you investing for the long-term? Answering this question will significantly influence the type apartment loan you should get.

If you are planning to own the property for two years or less, most experts agree that an apartment loan with an adjustable rate mortgage (ARM) will be your best bet. Like the name suggests, an ARM is a loan will an interest rate that may change with time in accordance with various factors. ARM apartment loans usually offer a better initial interest rate than other loans to offset the risk of future interest rate changes. An interest rate ceiling that may be reset annually also protects the mortgage holder.

If you plan to stay in the property management business for the long-term, you may want to look at getting a fixed rate apartment loan. A fixed rate loan guarantees the same interest rate over the life of the mortgage.

Supposing interest rates are historically low at the time you secure the apartment loan, this type of loan will lock you in at the best rate possible. On the other hand however, if interest rates are historically high at the time of the loan, you might be stuck paying interest at a higher rate than you would have with another type of apartment loan.

Another important question to answer before seeking an apartment loan source is the approximate cost of the property. This may seem like a no-brainer when looking for an apartment loan, but too many first-time investors just take the interest rates they’re given without question. If the apartment building you’re interested in is selling for over $500,000, a direct lending source or investment company can usually give you a better interest rate than most banks or credit unions. However, if you’re looking at a smaller apartment building selling for less than $500,000, you may want to check interest rates at the local bank.

With banks and other lending institutions anxious to provide you with an apartment loan, new loan options have emerged in recent years. Generally speaking, smaller banks and other lending sources like direct lenders have a greater degree of flexibility in what they can offer borrowers. In order to attract larger numbers of borrowers, many lenders now offer non-recourse.

A traditional recourse loan means that the lender has claim on personal or corporate assets in the event of a default by the borrower. On the other hand, a non-recourse apartment loan means the lender cannot hold you personally liable if you fail to repay the debt as promised. The only recourse for compensation to the lender is to take the property you’ve pledged as security for your loan, but he cannot claim any other assets or money from you if you default.

Whichever apartment loan option you decide on, it’s important to be certain you understand the details. It’s vitally important that you choose a lender that has both the experience and inclination to take the time to sit down with you and answer your questions clearly. Getting your apartment loan from a source you can trust will go a long way in helping you find success and enjoyment in the exciting world of property investing and management.

About the Author

Cameron Brown is an internet marketer specializing in investment property. For more information on securing an apartment loan, please visit SNC.