Are You a Good Candidate for Condo Rentals?

If you’re considering a condo rental as an option, consider the realities of condo living and make sure you’re a good fit for the lifestyle before you sign on the dotted line.

When you’re looking for condo rentals you want to start by looking at the curbside appeal of the building unit. After all you are looking for condo rentals for a reason and that reason probably includes the fact that you don’t want to have to mow a yard, shovel snow or rack leaves. You want your home to look nice on the inside and the outside but you don’t have the lifestyle that allows you to have that much free time to do both. So if the outside is not kept up you might want to ask why before you go any further. Most condominiums are individually owned units inside a shared building and to make this concept successful that means a common group goal has to be adhered to in order to keep the building up and maintained. Enter home owner associations and the monthly dues that every owner contributes towards the maintenance pot. If the condo rentals you are looking at don’t have a HOA and the outside is looking slack you may want to reconsider moving in. If the tenants are counting on the honor system to clear up the landscaping they may find the few who have the interest in doing so lack the time and commitment to do it and sometimes these informal non HOA units fall to the maintenance wayside and lose value rapidly as a result.

Pay attention to the other common areas inside the building as well such as the lobby and hallways. Are these areas maintained with an air of cleanliness and light to them or are they dark and dirty and obviously self-maintained by the nearby unit owners?

If everything looks good what amenities are the condo rentals offering? Is there a pool, hot tub, exercise room or is it the ideal location that makes the unit a draw to potential renters?

Take your time to tour the whole building including any amenities that are a part of the rental fee and make sure that you feel you will actually utilize these things. If you don’t have the time or interest in using them you may want to find a unit where they are not included so you don’t waste money paying for services you never use.

And finally when it comes to condo rentals read the rental policy and ask questions about anything you don’t understand or agree with. You will be expected to know

, understand and agree to all of the terms of your rental agreement and even as a tenant and not a property owner you may have to pay HOA fees and you will have to abide by the home owners association terms as a tenant.

If you are uncomfortable with the concept of living under someone else’s rules you may want to consider if you’re a good candidate for condo living before you rent because the investment value of these units depends on the group adherence to conformity and up keeping the units to code.

http://singnewhomes.com/provence-residences-ec/

Provence Residence

Provence Residence EC is a 99-year leasehold new Executive Condominium by developer MCC Land. The site is bounded by Canberra Link and Canberra Walk. It is projected to comprise about 413 residential units and is mins walk to the Canberra MRT Station.

Provence EC next Canberra Plaza and Canberra MRT

Why buy Provence Residence EC ?

Close proximity to many schools

Mins walk to Canberra MRT and Canberra Plaza

Easy access with upcoming NSE (North-South Expressway) and Thomson Line

Close to nature – Sembawang Park via Park Connector

Potential rental and capital appreciation

Nearby dining, shopping, entertainment amenities and leisure facilities

The upcoming Bukit Canberra is right across the road. This hub features the largest Active SG gym, a hawker centre, polyclinic and senior care centre

Mins train ride to Orchard Road MRT station and Raffles Place in the CBD

http://singnewhomes.com/provence-residences-ec/

Provence Residence

Provence Residence EC is a 99-year leasehold new Executive Condominium by developer MCC Land. The site is bounded by Canberra Link and Canberra Walk. It is projected to comprise about 413 residential units and is mins walk to the Canberra MRT Station.

Provence EC next Canberra Plaza and Canberra MRT

Why buy Provence Residence EC ?

Close proximity to many schools

Mins walk to Canberra MRT and Canberra Plaza

Easy access with upcoming NSE (North-South Expressway) and Thomson Line

Close to nature – Sembawang Park via Park Connector

Potential rental and capital appreciation

Nearby dining, shopping, entertainment amenities and leisure facilities

The upcoming Bukit Canberra is right across the road. This hub features the largest Active SG gym, a hawker centre, polyclinic and senior care centre

Mins train ride to Orchard Road MRT station and Raffles Place in the CBD

Private Lending For Real Estate Investors: Credibility Kit Marketing Tips

Learn how to use a private lending credibility kit to identify the serious players that will fund your real estate deal. Receive tips on posting your credibility kit and using it to build a trust relationship with a potential private lender.

One of the things about private lending and all marketing, if you’ve done a lot of marketing, you know half of marketing is waste. Half of the people that inquire or raise their hand are probably never going to lend with you. All they want is some free information. They’re wasting your time and you need to cull through those and get rid of those individuals and get to the real serious players.

Identify the Serious Players

You might have to have those people call you back once or twice in terms of trying to make sure that you identified they’re real serious players. The other thing you can do with your credibility kit and I’ve not done this - I have a little bit, I guess. I do have a very well defined file on my website but I’ve been thinking about this whole process of putting almost a full credibility kit on the website.

Post Your Credibility Kit

I don’t know if somebody’s done that or if somebody would think about doing it. At some point, I wouldn’t mind working with somebody to try and develop that. It would be an interesting concept. You could send somebody to a page on your website and there would be maybe one or two or three pages that would have basically your credibility kit in a web-based format and that might be something, as time goes by, more and more that will be the format which you do.

Build a Trust Relationship

I think we talked about a number of these elements and that private lending is a trust relationship. That trust has got to be developed. With real estate investing there is a significant hurdle which you must overcome. If somebody walks into a bank, they walk into a lobby of a very expensive bank, there’s all this fancy furniture and marble and all that stuff. You walk in and you just instantly have that sense of credibility of that organization.

As all of us know that doesn’t mean much because the bank is probably broke anyway and we all know that half the banks are going out of business anyway. It doesn’t mean very much, but the reality is the individual walking into that bank will get a sense of instant credibility because they’ve bought all this fancy furniture and a fancy office. Maybe it’s downtown. They get credibility by that respect.

Say with even to a certain extent mortgage companies, if you go into a WAMU office, they’re usually pretty nice in shopping centers things like that. They have credibility as part of that process. The average guy like you and me, we’re real estate investors. I work out of my home office and maybe many of you do too. How do we develop credibility? Nobody knows my name or your name. We’ve got to overcome that basic mistrust type of thing between a potential lender and yourself.

Credibility Kit Builds a Trust Relationship

That is something that the credibility kit is designed to do. A well-done credibility kit will do a lot of that for you. It’s not going to do it all. Believe me, you still have to sell yourself through a lot of other means, but it will help quite a bit and it will push the ball down the track a little bit. It’s very important that you understand that the credibility kit’s primary job is to overcome that lack of trust that is between the potential lender and you.

That is a natural process by which that person is going to not trust you, but the credibility kit’s job is to try to start to overcome that process. I think I’ve already spoken about this. Nothing speaks louder than a well-done credibility kit, well-done, polished, well thought out. It brings out the real power in you and your background and experience.

Real Estate Investors: The 11 Top Ways to Find Private Lenders

I a sure you are aware the mortgage market in this country has collapsed. I do not mean “it is slow” or “down slightly”, I mean it has COLLAPSED. It is almost impossible for a home owner to get a mortgage and down right impossible for real estate investors to get traditional mortgages. Here are the top 11 ways to find potential lenders for your real estate investing business.

I a sure you are aware the mortgage market in this country has collapsed. I do not mean “it is slow” or “down slightly”, I mean it has COLLAPSED. It is almost impossible for a home owner to get a mortgage and down right impossible for real estate investors to get traditional mortgages.

The solution for the next couple of years will be private lenders. But how does a real estate investor find private lenders. Well, finding a private lender is not nearly as difficult as people think. Here are the top 11 ways to find potential lenders for your real estate investing business.

1. Elevator Speech: Prepare a “60 second” elevator speech and network with everyone you know including friends, family and business associates. Spread the word you are looking for investors.

2. Real Estate Investment Clubs: Join your local REI group and network and spread the word you are a real estate investor and looking for private lenders to invest in your deals.

3. Join professional networking groups: You can join networking groups like BNI and be sure to join and deliver your “60 second” elevator speech at opportunity.

4. Postcards: You can purchase lists of high net worth individuals and send a postcard inviting them to call you to get free information form you or attend an informational seminar about your real estate investing business and private lending.

5. Letters: Send letters to a high net worth list as above or send it to people that have already called or emailed you from your postcards.

6. Small Local Newspaper Ads: You can place ads in small newspapers offering the reader to attend an educational seminar or request a free report.

7. Flyers: Post flyers at senior centers and areas where high net worth people attend and traffic.

8. Speeches and Presentations: Offer to give a 30 to 60 minute educational presentation about real estate investing and private lender.

9. Senior Center Newsletters or Newspapers: Advertising in senior center newsletters, newspapers or even bulletin boards can be a productive way to get potential lenders. Again, be sure to offer free information or invite people to a seminar and provided good information.

10. Law Journals: Most counties and large cities have weekly or monthly journals for the local lawyers. You may want to consider advertising in your county’s journal offering to help the attorney with high net worth clients and possible better returns than they are currently getting on CD’s or money markets.

11. Internet: You can spread the word through social networking sites like Twitter or Facebook. However, I strongly urge you to simple offer to provided educational information and do NOT make an offer to borrow money through internet sources. Advertising directly through the internet will attract attention form your state SEC department and I assure you that this is not the attention you want to attract.

Private Lenders: 7 Tips For Creating an Effective Private Lending Credibility Kit

The lending climate with conventional institutions in the current economy certainly does not rule in favor real estate investors or those that are just getting started in real estate investing. More so, the success of your real estate investing business is consistently at the mercy of the lending institution.

The lending climate with conventional institutions in the current economy certainly does not rule in favor real estate investors or those that are just getting started in real estate investing. More so, the success of your real estate investing business is consistently at the mercy of the lending institution.

As a result of the economic downturn, conventional lending institutions are increasing the criteria for lending, an effective private lending credibility kit is essential to taking control of your future. Private lenders are the lifeline to your real estate success and your portfolio should reflect your trustworthiness, your expertise, and your ability to create a win-win situation for both parties.

Tell Your Story

Write a Bio That Speaks: The bio that you include in a private lending credibility kit should tell a story about you, the highlights of your accomplishments, and be written in a conversational style that will create an instant rapport with the potential private lender. Telling your story allows the prospect to connect with your experiences and builds trustworthiness from the get go.

A bio that takes on the form of a generic resume will not only bore the prospect trying to decipher it, but it will also fail to reach your prospect on a personal level. No matter what the industry, people like to know that they are dealing with a real person and not a robot.

Promote Your Company

Project a Professional Image: The background of your company should represent your expertise in real estate and communicate to the potential lenders that they are dealing with a reputable agency.

This page of your private lending credibility kit should tell the private lending why your company stands out from all the rest. Highlight any professional accomplishments, awards, and/or affiliations associated with the real estate industry as well as a company mission statement and future goals for expansion.

Showcase Investment Properties

Create a Picture Portfolio: Include pictures of any previous investment properties along with a short description of the deal and include any private lender testimonials.

If you are new to real property investing, showcase properties that interest you along with a brief explanation of how you intend to acquire the properties and how it will benefit private lenders as well as your company.

Free Expertise

Offer Free Information: Provide examples of free expertise that you have previously offered to potential prospects. If possible include any feedback from the prospects that reflects the benefits they gained from tapping into your expertise. This can include tips and advice on working with private lenders.

Checklist

Show Concern for the Private Lender: Place a checklist in your private lending credibility kit which contains the necessary steps that need to be taken to complete the deal. This not only shows the private lender that you understand the process, but it also shows concern for the private lender’s time.

Accreditations and Affiliations

Certifications: Highlight any real property certifications you have received and how it has helped you attain your goals. This can also include any experience with seminars and professional speaking engagements.

Company Affiliations: Include any professional affiliations that your company has earned such as the Better Business Bureau or any Real Estate Association Memberships.

How Private Party Lenders Can Secure The Finances Needed

With traditional lenders hesitant when it comes to lending to bad credit borrowers, many alternative loan source options have sprung up. Amongst the most popular are private party lenders, offering greater loan approval possibilities.

Thanks to the economic crises of recent years, the effort required to secure a

loan

is greater than ever. Most people have a less-than-perfect credit history anyway, but while traditional lenders, like banks, have shied away from lending to bad credit borrowers, alternative sources, like private party lenders, have become popular.

There are advantages to seeking loans from these modern alternatives to banks and credit unions. Not least is the fact that

getting loan approval with bad credit

is no longer a concern. However, interest rates can be high, and in many cases the loan sums available are limited.

But just how does this option work when seeking a personal loan? Should the normal channels be completely ruled out before seeking this avenue? How exactly does this option benefit bad credit borrowers?

What Are Private Party Lenders?

The difficulty that bad credit borrowers can have in securing a loan means an alternative to financial institutions is needed. This is where private party lenders offer a huge advantage over other loan sources. Not least is that fact that strict lending policies are avoided.

Unlike loans from institutions and firms, these loans are granted between individuals. The reason loan approval with bad credit is so much more possible is that the terms of the deal are agreed between individuals. So for bad credit borrowers, this can be the most plausible route to vital finances.

An applicant would advertise a personal loan deal on a lending site, and await offers from individuals willing to take on the risks involved. All that is needed is to choose the best offer. However, while this loan option provides an opportunity to those who might otherwise have none, there are compromises to accept.

Typical Terms to Expect

Getting a loan through private party lenders is one thing, but securing the necessary funds on affordable terms is another. For all bad credit borrowers, the only hope of getting a green light on a loan application is to accept less than perfect terms. Compromises have to be accepted.

For example, is it to be expected that the interest rate charged on the deal will be higher than can be secured under normal circumstances. The key to getting a good loan is to agree a rate that is lower than a bank might charge. Once securing approval with bad credit, the benefits can be enjoyed.

Unlike financial institutions that tend to dictate terms, in this case the borrower has a keen say. This means competitive interest rates can be secured, however, be sure to state the agreed terms of the personal loan clearly before anything is signed. Also, providing necessary documentation to prove income and employment terms is essential.

Private Lender Options

Normally, private party lenders are found online through dedicated websites but there are other types of lenders to consider too. The most obvious is a family member or friend, someone who is not connected to any lending institution. In this case, the lender does not usually seek to make a profit, but that depends on the terms of the loan agreement.

Another option is a company loan from your own employer. This is where an employer agrees to lend the required sum on the basis that the borrower will continue to be employed by them for at least the term of the loan. Getting approval with bad credit is just a formality, since the income source is guaranteed. The employer simply deducts the repayments from each paycheck.

Whatever the source - by website, family member or employer - the personal loan is off the credit radar. This means your credit record is not affected, even when repaying the loan fully

, the low credit score will not be improved at all.

Private Lending: Learn the Four Top Ways to Raise Money to Fund Your Real Estate Investments

Now that the mortgage market for buying investment real estate is all but dead - investors need to have other sources available or go out business. The answer is private lending. Here are the four top ways to attract and develop your group of private lenders including (1) Private Lending Group Presentations; (2) One-on-One Meetings; (3) Out of Town Prospects - Creditability Kit; and (4) Existing Private Lenders.

Copyright © 2008 Michel Lautensack

Now that the mortgage market for buying investment real estate is all but dead - investors need to have other sources available or go out business. Fannie and Freddie will no longer be available for investor mortgages, traditional banks and saving and loans will not touch investors loans for many years to come and hard money lenders, when available, can have total cost over 25%. The answer is private money raised from people, not banks, through a process called private lending. Here are the four top ways to attract and develop your group of private lenders.

Private Lending Group Presentations

A private lending presentation involves getting 5 to 20 people into a room and doing a group presentation where you lay out the details and benefits of your private lending program. This may not be for everyone depending on your comfort level of talking in front of a group of people. But there is big advantage of doing group meetings. When people start to ask questions and tell positive stories a certain level of group think starts to take effect and can be very powerful on the attendees.

One-on-One Meetings

If you are not comfortable with group meetings - one-on-one meetings are a great alternative. I generally recommend a breakfast meeting in a quiet restaurant where you can have 15 to 45 minutes of time with your prospect. Like the group meeting you need to lay out your private lending program’s details and benefits.

Out of Town Prospects - Creditability Kit

If the potential prospect is out of town you will need a good creditability kit you can send in the mail. It is very important to follow up two or three days after you send the package to see if they have any questions. Even if they do not participate right away, keep in contact and they may invest some time down the road after a number of follow up contacts.

Existing Private Lenders

If you already have a private lender, or lenders, be sure to keep asking them if they would like to participate in more deals. You will be shocked that most investor only give a very small investment to start and wait to see how things turn out before giving you more money. So keep asking and do what you say you are going to do they will develop a better relationship and trust level with you. As the relationship grows they will invest larger and larger sums to grow your real estate investing business.

http://singnewhomes.com/ryse-residences/

Residents in The

Ryse Residences

@Pasir Ris Central enjoy seamless connectivity to Bus Interchange, MRT and Retail Malls beneath

The Ryse Residences @Pasir Ris Central takes only 8-10 min drive to reach airport. With the newly completed Project Jewel and on-going Terminal 5 expansion, more employment will be drawn to the area in the next decade. Not only that, The Ryse Residences @Pasir Ris Central is close to Tampines Regional Center as well as Loyang Industry estate.

Coming to 2029, with the completion of 1st phase of Cross-island Line linking Changi to Bright Hill, Pasir Ris station will become an Interchange. The new line will shorten journey time to other parts of Singapore by upto 70 mins, it will also serve as alternative to East-West Line when it’s fully completed.

http://singnewhomes.com/parc-central-residences-ec-showflat/

Parc Central EC

Parc Central EC is located at Tampines Ave 10 , near international school and Tampines West MRT . Introducing Tampines EC, a luxurious brand new Executive Condo located at Tampines Avenue 10 and Tampines Street 86. Situated on Tampines Ave 10 is a new Tampines EC expecting to launch in April 2020 with an estimated 695 units right next to United World College of SEA.