Archive for June, 2009
Jun
30
Why Are Property Sales Still Doing So Well In Colchester
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Ever thought about buying a house in Colchester, Essex? Well, the history of this town is long and varied and is well worth factoring in to your perspective property decision making process. Property sales remain buoyant in the town and perhaps that is because it is such a great location.
Colchester has a proud history and is claimed as the oldest recorded town in Britain as it was mentioned by Pliny the Elder in AD77 during the Roman times. Colchester’s Celtic name is Camulodunon and it means ‘the fortress of Camulos’ (who was the war god of the Celts). After the Romans conquered Britain a fortress was built comprising of legionaries. Colchester then served as the Roman Capital of Britain and was very well defended as it was built on a hill.
In 61 AD there was a rebellion by Boudica the famous Rebel General and Colchester’s fortress was overrun and destroyed. After the destruction of Colchester, London became the new capital of the renamed Britannia, but it would still be that the Council of the Provincial natives would still meet at Colchester due to the Temple of the Divine Claudius that served as the seat of the council. Later on, the Roman Force moved North and Colchester became a colony.
Then around 400 AD the Saxons came over to Britain and took over Colchester. They reorganised the defences dramatically and increased security, they also managed to block the Balkerne Gate which was one of the entrances to Colchester in the Roman era, as well as some of the public buildings outside the town were also abandoned. This made the town less susceptible to attack and a lot safer. But in the 9th century the Vikings landed in Britain from Scandinavia and overran the Saxons. It remained in the hands of the Vikings until 920 AD where the British settlers claimed Colchester back with the help of Edward the Elder.
The next major improvement and change to Colchester then came in medieval times where the Normans in the 11th century AD built what is today’s Colchester Castle. The Normans were very clever in the positioning of the castle. It overlooked the whole city and was built a top a large hill, where the vaults of the Roman temple of Claudius were situated. The Normans also built St Johns Abbey and the priory of St Botolph, where ruins of both can be found still around Colchester. You can still see the gateway of the Abbey and the foundations and walls of the priory.
In 1189 a royal charter was granted by King Richard 1 or Richard the Lionheart. The charter was given on the east coast of the UK at Dover where King Richard was embarking on one of his many trips away from England.
Between the 1500’s and the 1600’s a large amount of weavers and clothmakers emigrated from Flanders in Northern France into Colchester and the surrounding area of Essex. They were famous across Europe for making many different types of cloth especially bays and says. Even today there still an area of Modern day Colchester where it is known as the ‘Dutch quarter’, as many of the buildings date from the Tudor period as during this period Colchester was known as one of the most prestigious wool towns in England.
There was also a siege of Colchester during the Second civil war of 1648. A royalist army led by Sir Charles Lucas and Sir George Lisle entered Colchester, closely being pursued by the parliamentary army led by Sir Thomas Fairfax. The parliamentary army besieged the town for eleven and a half weeks before the Royalist army surrendered towards the end of summer. Following the surrender both Lucas and Lisle were executed in the grounds surrounding Colchester castle.
The most notable event of Victorian Colchester was the great earthquake of 1884 which measured 4.7 on the Richter scale. It lasted about 20 seconds and around 1200 buildings were damaged or destroyed. It is said that 3 to 5 people died in the earthquake and there was around 10,000 pounds worth of damage.
With such a dramatic history behind it, is it any wonder that property sales are still a sought after commodity in this town?
Quick House Sale
Jun
30
what is a cam charge for a commercial lease?
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Jun
30
How to Go About Dump Truck Equipment Leasing
Posted by: | CommentsDump Truck Equipment Leasing may fall under the more general leasing category of Heavy Equipment Leasing (meaning, dump trucks are classified as heavy equipment like bulldozers, backhoes, and excavators) or Commercial Equipment Leasing. The numbers show that more than $3 billion in construction equipment (like dump trucks) are leased annually by US companies alone. Why pursue Dump Truck Equipment Leasing?
Some companies opt for Dump Truck Equipment Leasing because they are trying to expand the business and need their existing cash flow for this. Others may choose Dump Truck Equipment Leasing because their existing equipment suddenly failed to function (due perhaps to old age or defects) so they need functional equipment quickly to keep operating. Dump Truck Equipment Leasing is also good for companies that want to gain a financial edge over their business rivals by being able to reap savings thru leasing equipment (as opposed to buying.) Dump Truck Equipment Leasing would probably appeal to contractors in the construction business that will always need dump trucks (whether to deliver materials or to cart away construction project debris.)
If you get lucky or are just plain smart about choosing a lender, you might be able to get a Dump Truck Equipment Leasing arrangement customized to your business situation. This is very important because businesses (even those in the same industry) may experience different business cycles, and cash flow patterns, while company owners may have different ideas of what constitutes as a sufficient budget. Construction projects are sometimes seasonal in nature, so you need a Dump Truck Equipment Leasing arrangement which can give you the flexibility of adjusting payments to the months when business is peaking and you can afford the payments on the Dump Truck Equipment Leasing arrangement.
Some lenders may offer a very quick processing time (maybe even as fast as 24 hours sometimes) which gives company owners who are in a hurry an advantage for acquiring their dump trucks quickly. If you have the right documentation on hand, you could find yourself signing your Dump Truck Equipment Leasing contract fairly soon after submitting the leasing requirements.
Be sure though that the leasing options the Dump Truck Equipment Leasing arrangement you enter into has the right provisions you were seeking. For instance, if you are expecting to purchase the dump truck after the lease term has been completed, look carefully through the contract to make sure that that stipulation is there.
Also, verify with your company accountant if your corporate income stands to gain via deductions from such a Dump Truck Equipment Leasing arrangement. This would probably be dependent on some tax laws or business tax conditions that only accountants may be updated about. Ask your accountant to also examine the Dump Truck Equipment Leasing arrangement for the presence of soft costs (like installation expenses, and maintenance and training costs) so that you know if you gain more savings that way – or if you have to pay extra (as the case may be.)
Repossession
Jun
29
This house is listed in public record as “mixed Use” although I do have a smll apt for myself in this , It is not my legal residence. This is located in queens ny.
Sell and Rent Back
Jun
25
Puerto Vallarta Commercial Property Is Key To Real Estate Boom
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When you think of Puerto Vallarta Real Estate, you may think of the lovely homes and well-appointed vacation villas that have been housing residents and visitors for years. While these Puerto Vallarta vacation homes are an important part of the real estate scene, Puerto Vallarta commercial property is also an essential part of this beautiful destination.
From the shops that hold treasures for every visitor to the fine restaurants that offer some of Puerto Vallarta’s most delicious food, Puerto Vallarta property can be a solid investment for anyone who is serious about investing in the real estate market. When you make an investment in the Puerto Vallarta commercial property market, you’re making an investment that is likely to grow with time as the beaches and cultural attractions of this beautiful destination become more popular. While nothing is ever guaranteed in the Puerto Vallarta real estate market, purchasing commercial property in Puerto Vallarta may help you to grow your portfolio so that you are able to see a nice return on your initial investment. If you want to purchase an investment property in the Puerto Vallarta commercial property market, there are several things for you to consider before you make your investment decision.
One of the first things to consider is what you will be using the property for once it is purchased. Will you be using half of the property as a store and renting the other half? Do you want to rent out each area of the property to tenants so you can collect rental income? Knowing what you want to do with your Puerto Vallarta real estate investment will help you when you’re ready to look at properties and make a buying decision. You’ll also need to consider the size of the property you want to invest in before you can look at the number of commercial properties available. This means deciding what purpose the property will serve and then choosing a property size that will help you accomplish those goals. Once you have outlined your basic requirements, you can view many properties until you find the one that will best meet your needs. Remember to check each property carefully for structural soundness and review all of the points on your list of requirements. If you find several properties that don’t have what you need, this will help narrow your list so it is more manageable. Once you find the best property for you, all you need to do is complete the paperwork and any other requirements and you’ll be well on your way to becoming a Puerto Vallarta commercial property investor.
Thinking about moving to Mexico ? See many listings of Puerto Vallarta homes and beachfront condos here. Tom Budniak operates, owns, and manages Realty Executives Mexican Caribbean here in the Puerto Vallarta. His office is considered by many in the industry to be the top office in the Puerto Vallarta. Tom, from Realty Executives Mexican Caribbean is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out the city and email at Tom.RealtyExecutives@gmail.com, or visit http://www.puertovallartabestrealestate.com to see beautiful condos and homes listed.
Your beachfront property in Mexico is within your reach. Check out the listings of Playa del Carmen Real Estate, Puerto Vallarta Property and Cancun Real Estate for insight into this booming market.. Contact Tom Budniak for insight into this booming market.
Author: Tom Budniak
Passive Income
Jun
23
Is there a way where I could buy a commercial property with little or no down payment?
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I currently own a clothing store and business is good. We have been in business for 3 years. I want to open a second location and want to purchase a property but have little down payment. Base on the sales of my store now I will be able to pay the mortagage. Thanks
Rent Back Fast
Jun
22
How do I find commercial properties for sale by owner?
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I need to find commercial properties for sale by owner in any US city. Preferably office buildings, where can I start?
Quick Property Sale
Jun
21
commercial lease?
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If i lease a commercial office for medical reasons, do I have to pay a quarterly commercial tax on the property?
Sell House Quick
Jun
19
Commercial Mortgage Rates by Canada
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The margin that the bank changes and the index that they use mutually give the commercial mortgage rates. For example if a bank quotes principal (the index) in addition 2% (the margin) you are actual or “effective interest rate” will be 7% (principal at this time is 5%)
The indexes used by the lenders vary in a broad range. On owner occupant dealings principal is still extremely popular and is used most of the time. This is true in particular with the floating rate loans. The principal is still used by SBA 7a program for example. An extensive range of indexes are used be commercial investment deals. The treasuries are popular but every single lender has their preference. For the borrowers the index used is maybe less significant than that of the funding the bank uses.
The margin is typically how the bank makes its money and its increase. The bank in common borrows the money that they lend and as a result has a cost of capital. The difference between what they pay for their source of capital and what they make off of lending funds is the increase.
Creating or pricing out the margin is a difficult job. It is a complex process as the bank has to be competitive in order to achieve the deals however by not quoting margins to “skinny” as to not create a sufficient fund. Banks should really predict the future and take into consideration a percentage of default, cover future expenditure and obviously to make a turnover.
The term effective rate is generally the mixture of the margin and index. This is used by borrowers to figure out their payments. For example if a Commercial Mortgage lenders quotes you 5ys SWAP (at present 3.9%) in addition 2.5% your effective rate will be 6.4%.
One of the odd things that we have seen in the last year is the fattening of margins which comes as a surprise to many borrowers. Many assume when they hear that “interest rates” have been lowered by the Feds that it means that there potential interest rates on Commercial Mortgage loans have been reduced. What it really means is that the cost of capital for the banks has been lowered but that doesn’t mean that the banks have kept their margin the same as a year ago. For example, margins in January 2007, where commonly 2%, now it’s not uncommon to see margins at around 4%. So the borrower’s effective rate is the same or in many cases actually higher than it would have been before the Fed lowered rates. Provided by Pro-bargainhunter.com
Repossession
Jun
18
Learn to Underwrite Commercial Mortgage Loans – Only $199
Posted by: | CommentsINCOME PROPERTY UNDERWRITING MANUAL Only $199
Right now Wall Street is buying more commercial mortgage-backed securities than at any time in history. As a result, there are loan agents out there today who are making over a half-million dollars a year brokering commercial loans to conduits. If you don’t know how to broker commercial deals, you are missing out on one of the biggest financial gold rushes of your lifetime.
For only $199 you can now buy an easy-to-read guide that will teach you everything you need to know about underwriting and brokering commercial mortgage loans. This is not some boring text book about the capitalization of commercial property cash flow streams. Boring! This is a training manual designed to get a residential loan agent up to speed arranging commercial loans in just one afternoon. In fact, that’s exactly how this manual got started, as a training manual for our own commercial mortgage loan officers.
Need to prepare a pro forma operating statement? I tell you exactly where to get every number on every line; even when you don’t have enough information and you just have to wing it. Don’t know the fire insurance premium? Try using $4.50 for every thousand dollars of insurance – but only insure 70% of the property’s estimated value. Laundry income? Use $11.50 per unit per month. Do you see how detailed, helpful and down-to-earth this manual is? No fluff. No theory. Just step-by-step instructions that even a dummy like me could follow.
You will also learn debt service coverage ratios, operating expense ratios, on-site and off-site management factors, reserves for replacement, capitalization rates (cap rates), vacancy factors, collection loss reserves and loan constants. You will learn about forward takeout commitments, standby commitments and bow-ties. You will learn how to underwrite construction loans, including the difference between loan-to-value ratios and loan-to-cost ratios, developer’s profit analysis, contingency reserves, interest reserves, and general contractor’s overhead and profit factors. You’ll learn the difference between gross leases and full service leases and industrial gross leases and net leases and net-net leases and triple-net leases. You’ll learn the difference between scheduled rents and effective rents. And exactly how do you prepare a pro forma operating statement when the building is 27% vacant? Inside you’ll learn.
I will also teach you how to look at a commercial deal and determine immediately to what type of lender you should take the loan. Got a successful business owner with a large average daily balance in his corporate checking account. Take the loan to a bank. Got a kinky property with great, verifiable income (i.e., great tax returns)? Go to a finance company. Got a standard piece of real estate with good leases and occupancy but the owner’s net worth is light? Take it to a savings bank. I explain why in plain, everyday English. Sounds like a lot to learn, huh? Nonsense. You can read my manual from cover to cover in just 90 minutes. When you’re done, you will know everything you need to successfully broker commercial loans. What a feeling – to finally master commercial mortgage underwriting. You’ll run circles around your realtors. Your confidence will soar!
So will your income. Just one point on a $2.6 million loan is $26,000. And did you know that packaging a commercial mortgage loan is far easier than doing a Fannie/Freddie residential deal? Using our commercial lender databank and this training manual, you can now make huge commissions off of commercial leads you were previously throwing away.
All this for $199.00 to order a copy of this wonderful Income Property Underwriting Manual, simply e-mail to us your name, company, address and telephone number. Please also include your Visa, MasterCard or American Express credit card information. We will need to know whether the card is a Visa or a MasterCard, the name on the account, the account number and the expiration date.
You can also order by phone by calling Alicia Gandy at 916-338-3232, or you can fax your order to Alicia at 916-3382328.
This manual comes with a money back satisfaction guarantee. If you are not completely satisfied that this manual is a fun, easy-reading guide to everything you need to know about commercial mortgage underwriting, just call us and we will happily refund your money.
Conduits are making billions of dollars in commercial mortgage loan this year. Some commercial loan agents are making over a half-million dollars annually bringing them loans. Stop throwing those commercial leads away! Turn them into big commissions instead. This decision is a no-brainer. You are going to learn a whole new profession for a lousy $199.
Be sure to also see our Combo Package Offer that includes our Income Property Underwriting Manual, our Commercial Mortgage Marketing Manual, and our Loan Broker Fee Agreement – all for just $249. For just $249 you will possess every tool you will need to open a very competent commercial mortgage division. Click here for details on our Combo Package by http://www.pro-bargainhunter.com.
Quick Property Sale
