One of the many benefits you’ll find when choosing condos for sale over other properties is that you don’t have to worry about any exterior maintenance. When buying a family home, you should have a budget set aside for those unexpected external emergencies, like a damaged roof, a fallen tree in your yard, or even damaged exterior walls. When you buy a condo, because it’s a complex, the HOA will handle all of the exterior work, so you can enjoy your home now and in the future with complete confidence.

Another great benefit of condos for sale is security. These days you want to keep your home and family safe and secure. Having added security is an important benefit in giving you complete peace of mind, giving you the convenience of a gated and ready property. You can lock your front door and walk away for a week or two knowing that everything will stay safe inside and you don’t have to worry about someone trying to break in while you’re gone.

Of course, condominiums come with the added benefit of a host of amenities and facilities. Most of these complexes will offer you the comfort of a private property with a community pool and maybe even a gym, depending on the complex. Some will come with dirty clothes. With these added conveniences, you can enjoy all the comforts of home while having your own space that is modern, luxurious and finished to the highest quality.

The condos for sale are in the affordable price range. They are more expensive than an apartment, but are usually on par with a single-family home, depending on where you shop and the area. Of course, location is essential, and if you’re looking for luxury and comfort in a prestigious area, you’ll find condos for sale cheaper than surrounding homes. This helps you get your foot on the property ladder in an exclusive area, offering you a good long-term return on your investment.

The outside spaces will be cleaned for you, the pool will be maintained, and the equipment in the gym will be working at all times. If the building has an elevator, it will be serviced regularly. These are all things you don’t need to worry about, you can furnish your condo, move in and start enjoying condo living in no time.

Of course, when there are benefits, there are always some drawbacks and the same applies to all condos for sale. That’s why if you’re looking for a property to buy and considering a condo, you may want to weigh the pros and cons of all the property options within your budget to identify if this is the right option for you going forward. .

One of the downsides to buying a condo for sale is that you have strict rules to follow. The HOA will establish rules that all units must follow. The reason for this is to make community life more enjoyable for everyone.

The second drawback is that you will have to pay HOA dues, which are in place to pay for all exterior and daily complex maintenance, so your condo will always be a nice place to live now and in the future.

These laws legally obligate the seller of a home to disclose to the prospective buyer any serious defects in the property. The laws were created to help protect the buyer from any defects that went unnoticed until they closed on the house and became the owner. Real estate disclosure laws are often difficult to enforce because what are considered serious defects can be open to interpretation. Because of this, laws are constantly changing, resulting in many states not having effective disclosure laws. If the state does not have mandatory real estate disclosure laws, they will usually have voluntary disclosure.

These laws can cover many different topics, so you should consult a qualified attorney or real estate agent for the specifics of what they cover. With respect to real estate disclosure, there are state and federal laws regarding these laws. Some brokerages have additional regulations for the listings they accept. In the United States, federal law requires disclosure regarding the use of lead paint in homes built before 1978. Disclosure laws generally cover toxic or hazardous materials and the presence of asbestos and radon gas.

These laws are designed to help protect a potential buyer from purchasing a home that has known defects or problems. For example, if the home you are considering buying has been damaged by an earthquake or flood, these laws will generally require the seller to provide you with this information. In addition to the protection of the real estate disclosure law, the buyer must also have a home inspection done by a professional. This inspection may possibly find other potential problems. Sometimes the lender will require a home inspection before approving the loan.

In some states, there are lengthy questionnaires that the owner must complete before the property can be sold. This questionnaire asks about possible problems or defects with the property. These questionnaires generally cover everything from problems with the land to the wiring and plumbing inside the house. Some of the things the seller is required to disclose include, but are not limited to, the following:

• Water damage caused by roof leaks
• Presence of wetlands in a part of the property
• Recent deaths on the premises

Generally, these laws only require that the sale disclose problems that you are aware of. This means they cannot be held liable for problems they were unaware of before they put their home on the market, but not all states provide this protection. There have been some cases where the seller can be sued by the buyer after the buyer becomes the owner. That’s why you need expert advice on the real estate disclosure laws in your state.

What is AI?

AI stands for Artificial Intelligence. I prefer automated intelligence. He is already with us in many forms. Artificial intelligence is intelligence exhibited by machines or software.

Algorithms that help make Google the smartest search engine in the galaxy.

Stock markets around the world use Algos, as they are called, which enable high-frequency trading using algorithms. It is estimated that as of 2009, high frequency trading accounted for 60-73% of all US stock trading volume. So Artificial Intelligence or AI has done away with human traders.

• Robots, at such a low price, you can afford one to mow the lawn or vacuum the carpets.
• Cars that drive without humans. Scary.
• Amazon algorithms that suggest what you should buy next, the most successful cross-selling engine on the planet.

AI is already with us and is about to experience massive growth. Before we take a look at the predictions for ourselves, let’s take a quick look at the economics of it all, after all, it’s money that drives everything.

economic influence

The fundamental objective of all advanced economies is to increase productivity. In other words, producing more goods and services or gross domestic product (GDP) per person in the labor force. Gone are the days of cheap labor. In the UK we now have the living wage which has substantially increased the old minimum wage. Offshoring to the Far East does not bring cheap labor; in fact, labor costs in China are rising rapidly as its industrial growth continues.

• In the past, we have relied on innovations and inventions to boost productivity.
• In the 19th century, we had steam power.
• At the beginning of the 20th century we had electricity and the automobile
• In the late 20th and early 21st centuries, we had personal computers and the Internet.

All of these inventions increased the GDP of the countries that maximized their use.

AI is projected to increase GDP by 1% over the years 2020 and 2030. That’s when the changes I’m going to talk about will become widespread. Let’s go.

1. Brains in the sky

Or smart data in the cloud. Have you ever talked to Siri or Cortana? These are embryos of this prediction. In the future, all of our knowledge, experiences and data will be kept in personal cloud storage accessible via voice control from our smartphones. It already is. But future knowledge will be able to learn and improve based on what we experience, do and learn.

Think about it. Everything you want to know or do, the answer will be in the personal cloud. You can ask the cloud any question… anything… and it will answer it in seconds.

The implications for the Inside Sales operation are enormous. Training is no longer necessary. Your cloud can advise you what you need to know, it can give you information, it can show you how to do things with a voice command.

No training is necessary as cloud storage will watch you and provide feedback to make you better at what you do. He is an automated mentor, a coach always available to help and assist.

And learn, improve, you can buy “boost” packs that enhance it. Can you imagine being able to act and do anything?

There is even talk of being able to map the human brain, digitize the result and put it in the cloud so that it is accessible at any time. To be able to “back up” your brain. Perhaps this is a few years further still.

2. Robotics

You will have a huge influence on the Inside Sales Operation. Robots to bring tea, cleaning robots. Your manager using a robot to ask how you are, almost like a moving avatar. Window cleaning robots, compliance robots roaming downtown, watching and recording all around you.

3. Internet of things

Each device will be connected to the Internet and will communicate with other devices.

In our house, the following items have chips and can communicate over the Internet:

• Our kitchen Aga. You can turn it on and off from a phone, and if it develops a power failure, it tells central Aga control about the problem.
• Our fridge that can tell Tesco’s when we’re low on milk.
• TVs, DVD players, Sky Boxes of course.
• my printer.
• My Microsoft Band.
• My car. The computer tells me my service is due and simultaneously contacts the local garage who emails me to schedule an appointment.
• Smartphones, Tablets, Kindles… but you knew they were connected.

The number of devices connected to the Internet is expected to increase tenfold, from 2 billion to 25 billion, between 2010 and 2020.

What are the implications for the Inside Sales operation? Anything that smells of electricity will be connected to the internet and will be able to talk to something else. I mentioned the vending machine, but this is a small ticket compared to the bands around your inside sales people’s wrists.

Imagine gangs giving you information about their mood, their motivation, their stress levels. Do they need a break, a conversation or just someone to advise? We all know that burnout among inside salespeople is high and staff turnover in a call center is terrible. Imagine being able to monitor your mood, how helpful that would be.

4.3D printing

Not necessarily AI, but something that will change the way companies and people buy products. Instead of buying them, we will use the 3D printer to make them.

From the Internet, the blueprint is fed directly into the 3D printer, which makes it on the spot, using some kind of polymer, liquid metal, or tofu food.

So when you need a piece of equipment, you order it online, pay for the blueprint, and print it on the 3D printer at the office or the owner’s share, because they’re going to be very expensive up front.

5. Automated seller

This may sound very unusual, but you can get software that is smart and can read and respond to typed text. Imagine an email arrives, the automated salesperson named Lucy responds to it based on her programming algorithms and her ability to react to the written word.

It has access to everyone’s calendar, email systems, and the company’s data and intelligence cloud, so it can mimic the responses of a real human.

This morning I was using live chat to talk to HP about my printer malfunctioning. Questions arose from her, I answered, she reacted and told me how to fix the printer. It might as well have been human, it might as well have been an intelligent algorithm handling the job.

More and more of these roles will migrate to algorithms and in the inside sales of the future, much of the initial exchange of emails and live chats will be handled this way. Once the customer has been qualified by the algorithm or something I’ll call it from now on, it will pass the query to a human who can contact and handle the customer in the future.

Live video chats can be achieved with an algorithm. The something will look, sound and act like a real person on the screen in front of you.

6. Algorithms on websites

This is the most exciting innovation for the future of Inside Sales operations. Algos in action on websites. Amazon’s cross-selling engine will already recommend products to me, but I’m referring to the advice the algorithms give me.

Imagine you are an inside sales operation that sells mortgages and associated protection products. Many companies use humans right now to give advice and complete the sale. In the future, customers will log into the system looking for mortgage advice and get it from the algorithm.

The something will imitate the human being, will have all the necessary questions, will be called Dave or Umran and will provide a great service. I can see the voice being added to the mix in a way that is hard to distinguish from a real human being. A rigidly regulated sale made by a computer program.

Is it a person on the screen or is it a lip-synced avatar of something? We will never know.

7. Smart call monitoring

This is currently available. A call monitoring system can monitor and listen to the actual call and alert when a problem occurs. Perhaps an irate customer or keywords spoken by the customer or seller. This could be intercepted by the manager or recorded for training purposes later. A real time saver.

8. Unlimited Recruitment

It’s hard to recruit the right kind of people in the area where your Inside Sales operation is located, but the future will allow you to recruit from anywhere in the world and connect them to the hub via the Internet. It can now, but the future will allow this to be more effective than it is now with all the algorithms and AI in place.

9. Virtual Reality

It will become a reality and omnipresent. We already have the technology, but it will be cheaper and easier to move the mass of data over the ultra-fast connections that everyone has.

Your Singapore-based in-house salesperson can put on their headset and be in the training room in Milton Keynes, interacting with their colleagues. You can meet the manager for a one on one in meeting room number 4.

10. Holographics

It will be broadcast into these rooms and over time you will think that the person is actually there in front of you. But they are not, they are at the head office in the center of Singapore’s capital city.

Think about the impact with customers. With the ability to broadcast your hologram anywhere, Inside Sales will need to change its name back to Field Sales. Now there is a game changer.

Summary

All of these predictions are based on current events and trends that are already occurring. In the period 2020 to 2030, robotics and artificial intelligence (AI) will dominate our economies and contribute to a 1% increase in global GDP through additional productivity.

For inside sales operations, we’re going to see a huge increase in productivity, and by the way, the HP rep in the live chat this morning was human and she told me her name was Lucy.

Perhaps your dog would like to expand horizons, catch up on the culture, and enjoy some activities not available in many places. So if your dog loves to travel, you simply have to visit Mendocino County, just a few hours north of San Francisco. Horizon Air has added flights from Las Vegas to Santa Rosa, California. You and your dog can enjoy a beautiful 1.5-hour scenic drive north and visit dog-friendly wineries along the way. Most cellars have grass and bushes to explore and smell. Some even offer dog treats. Navarro and others allow dogs in the tasting room.

The Maccallum House Inn in Mendocino offers winery tours, chauffeur-driven limousines and dogs that can tag along, if you book as a private party… Ask for Jim Davis and tell him you heard about the tour from the author (of this article).

Here are the top 12 things to do with dogs in Mendocino

ME. Tiptoe through the Botanical Garden

Between tulips and other flowers (more than 150 varieties), Fido will enjoy a pleasant walk along the beach with you. well behaved dogs

On a leash they are always welcome and enjoy free admission.

two. rest on the beach (Puerto de Noyo or a private beach)… most beaches are dog friendly and dogs must be leashed.

Dogs love to splash and paddle in the ocean. And the Mendocino County coast has plenty of places to swim.

Big River Beach, N. Big River Road, Mendocino

Portuguese Beach, Mendocino Headlands, Mendocino

Van Damme State Beach, Highway 1, Mendocino

Caspar Beach, 14441 Point Cabrillo Dr., Caspar

MacKerricher State Park, Highway 1, Fort Bragg

And for an extended stay, you can also go camping with Fido.

California State Park Camping Reservations: 1-800-444-PARK (7275)

With nearly 100 miles of coastline and dozens of state and private campgrounds, it’s not hard to find a place to camp on the Mendocino coast. The most popular state parks are MacKerricher (Fort Bragg), Russian Gulch (Mendocino), and Van Damme (Little River).

3. Go for a walk.

Jughandle State Reserve features a 2½-mile self-guided nature trail called the Ecological Staircase. Starting at the ocean, this trail heads inland through a series of five ancient terraces formed by waves, glaciers, and tectonic activity. Each terrace was raised from the sea some 100,000 years after the previous one was raised. The lowest terrace is prairie, followed by pine forest, then redwood forest, and finally pygmy forest with knee-high trees that are decades old. The trail features a surprising variety of trees, as the ecologies of the different terraces vary widely.

Three miles south of Fort Bragg. Turn west from Highway One into the well marked parking area. 707-937-5804

Four. Get a free ice cream cone for your dog at Colick’s Ice Cream Parlor

You scream, I scream, we all scream for ice cream. And Fido can also enjoy a sweet vanilla cone for kids on a sunny day.

5. Wander through the shops of Mendocino and pick up some dog perfume.

After rolling, licking, and splashing around in the water, mud, and sand, you might want to buy some dog perfume for Fido. Mendocino has a lot of nice gift shops and places where poachers prefer to shop, like Sallie Mac.

And there are numerous pet supply stores, including Paws for Cats & Dogs, 338 N. Main St., Fort Bragg, 707-964-3322, Fort Bragg Feed & Pet, 880 Stewart St., Fort Bragg, 707-964- 3333 and Evergreen Barn Pet Grocery, 477 Evergreen St., Mendocino, 707-937-3300.

6. Stay at a dog-friendly inn such as Agate Cove Inn, Little River Inn, MacCallum House Inn, Cottages at Little River Cove, Stanford Inn, Sea Foam Lodge, Dehaven B&B, and Blair House (where the television series Murder She Wrote was filmed). The most pet-friendly accommodation can be found at these inns. Standford Inn, MacCallum House, Cottages at Little River Cove, and Little River Inn offer a dog gift basket that includes bowls, treats, and a dog bed.

More information can be found at

http://www.mendocinofun.com

7. have dinner together

The Stanford Inn is an original, pet-friendly, zen-like inn. You can even have dinner with the well-mannered Fido during the day.

Well-behaved dogs are welcome in the lobby, but not in the dining room. If you would like breakfast or dinner to be served in the lobby, they will be more than happy to accommodate you…

8. Play fetch or Frisbee at the Fort Bragg Dog Park.

Fort Bragg has McDoggie Park, an exclusive dog park, where non-aggressive and friendly dogs play. McDoggies is at Willow and Lincoln streets. Take Maple Street east from Highway One (Main Street) until it ends at the dog park on Lincoln St.

9. Go kayaking with your dog

You can paddle the Big River in a canoe from Catch a Canoe & Bicycles, Too, located at Highway 1 & Comptche-Ukiah Rd, Mendocino, 707-937-0273.

10 Small Dogs Can Take the Skunk Train with their owners, if they fit inside your wallet; chew chew… chew chew…

11. Fido can join you on sport fishing and whale watching with All Aboard Adventures, North Harbor Dr., Fort Bragg, 707-964-1881 or Anchor Charter Boats, PO Box 103, Fort Bragg, 707-964-4550.

12 There are plenty of places for you and Fido to have a puppy picnic in the area.

And if you’re looking for a hot meal, there are a variety of restaurant options where Fido can sit next to you outside.

Cafe One, 753 N Main Street, Fort Bragg

Home Style Cafe, 790 S. Main Street, Fort Bragg

Laurel Deli, 401 N Main Street, Fort Bragg

Mendocino Cookie Company, Main St., Fort Bragg

Nemo’s Fish Market, 2410 N Harbor Dr., Fort Bragg

Piaci Pub and Pizzeria, 120 W. Redwood Avenue, Fort Bragg

Lu’s Kitchen, 45013 Ukiah Street Mendocino

Mendo Burgers, 10483 Lansing Street, Mendocino

Mendocino Cafeteria, 10451 Lansing Street, Mendocino

Hotel Mendocino, 45080 Main Street, Mendocino

Moody’s Organic Cafe, 10450 Lansing Street, Mendocino

Cafe Moosse, 390 Kasten, Mendocino

business entity

The first step in making any real estate investment is to start a business. There are different types of business entities: Sole Proprietorship, Limited Liability Company (LLC), Series LLC (only in certain states), Limited Liability Company (LLP), LLLP, S-Corp, C-Corp. Each of them has its advantages and disadvantages. The only true flow through tax entity and the most beneficial in terms of real estate ownership is the Limited Liability Company. Limited Liability Company allows you to pay business-related expenses with pre-tax dollars. It is very important to understand that when you get paid and receive your paycheck, your taxes are already deducted and all of your expenses, whether real estate or business related, are deducted AFTER TAXES. When you have an LLC, you take all of your business expenses, deduct them, and pay income tax on what’s left over. LLC is the only entity that is NOT subject to the loss limitation! LLC does not require records and minutes of meetings. Filing of documents is limited to the articles of organization that list the members of the LLC. Tax advantages: LLC is a pass-through entity and if it is a single member, the IRS considers that the entity does not take it into account. A corporation is subject to double taxation in which not only profits are taxed, but distribution in the form of dividends is also taxed. The other advantage is the flexibility in terms of LLC ownership transfer. Ownership of the LLC is governed by the Operating Agreement, which is an internal document. To change ownership, all that needs to be done is the Operating Agreement and no filings other than updates with the IRS are required for a given tax identification number. It also has fewer introductions than an S-Corp and is very easy to maintain. If you have multiple properties, hold them each in LLC and have one LLC to be your holding company that would own all the other LLCs. For tax purposes, your main holding LLC will be a sole member LLC for others and you will need to file only one tax return. In addition to the tax benefits, LLCs also allow you to have a basic level of asset protection.

If your business owns the assets, they are separate from your personal assets and, in the event of a lawsuit, cannot be touched. Keep in mind that LLC is a BASIC level of asset protection and if the opposing party has a good attorney, there are many ways your personal assets can become part of a lawsuit. It’s called piercing the corporate veil. For example, you must have a separate bank account for an LLC. If your LLC owns your property, all income and expenses related to the property must come from that particular bank account. If this is not done, the LLC status may be disqualified and your personal property becomes part of the lawsuit. Your LLC must be in good standing with the state and must have adequate information about its article of organization. The purpose of the business must be clearly stated with no exclusions and must be amended when necessary. If you buy real estate, you must say that you buy, hold, rent, or lease residential real estate; if you sell, you must state that you buy for the purpose of reselling for profit, etc. In some states it is necessary to list an LLC in a local newspaper, and it can be very expensive; in other states like Maryland, you must pay an annual fee, which is currently $300 per year. You should check your state requirements and guidelines and always stay up to date with the state.

*RENT DEDUCTION* on your primary residence. If you have an LLC, you may need an office and, conveniently, it could be at your personal residence. Under IRS Code 288G, you are allowed to deduct rental payments for your office space at your personal residence.

*Depreciation*. It is the most beneficial deduction in real estate! While your real estate property is appreciating, you are allowed to depreciate it over the useful life of the building, which is 27.5 years, and take the deduction against your income. However, depreciation is only allowed against the building, the land cannot be depreciated. For example, if you own a home worth $100,000, the value of the building might be only $80,000 and the value of the land is $20,000. Therefore, you are allowed to take depreciation expense against the value of the building only. .

*Accelerated depreciation*. You may have heard from your accountant that accelerated depreciation is not allowed against real property, and it’s true, but there is a way to make improvements deducted in prior years and it all depends on how they are classified. For example, improvements to land, such as curbs, sidewalks, and landscaping, are depreciated over 15 years; Personal property depreciates over 5 years. Items that are considered personal property under IRS Code 1.48-1(c) must have one of the following characteristics: 1. accessory 2. function 3. mobility. Basically anything that is a fixture, feature, or piece of furniture is real property. If you’re doing a rehab and you can install movable walls, you can deduct the cost of the improvements for 5 years. If they are not mobile, you will have to deduct 5 to 6 times less for improvements in the next 5 years. Make everything you can work with, be an accessory or make it mobile! A commercial developer built his office building with lightweight movable walls and was able to deduct $80,000 that same year.

Status of *DEALER*. When changing properties, it is important to avoid “DEALER” status. In some cases, it can be avoided by exchanging properties through different entities, in some cases, making some transactions, but the simplest and “investor friendly” way is to simply declare your INVESTMENT INTENT. If you state that your investment intent is to buy, hold, lease and rent properties unless you are forced to sell under certain conditions, such as the need for working capital, you can get away with not being considered a DEALER.

*IRS red flags*. There are also certain things you should not do that would raise red flags for the IRS and you could be audited. First of all, don’t report too much loss of rental income, there are many expenses you can find to reduce your pre-tax income. Second, don’t overcomplicate your asset protection structure. Having too many business entities on top of each other, or being headquartered in Las Vegas, NV, a tax-free state, could be a red flag. Reporting losses for more than 2 years always raises red flags. The common sense behind it: “if you don’t make money, why are you still doing business?”. Reporting excessive donations, high expenses versus high income can also cause an audit.

*Property taxes*. Real estate investors are subject to a number of taxes, including property taxes. The appraised value and the market value of the property always have a gap. In 2007 the appraised value was typically lower and in 2010 it is 99% of the time higher than the market value of real estate. Taxes are not always reassessed based on the market cycle and it is your responsibility to dispute them. In the state of Maryland, it is allowed to dispute personal property taxes within 60 days of the settlement date or to file before the end of the year for next year’s hearing. Although taxes are a deduction against income, they are not a tax credit, and the more you can minimize your expenses, the more profit you will earn. To successfully dispute your tax bill, you will need to show comparables and recent sales prices for real estate in your area. You will also need to compare real estate that was recently sold to your property in terms of structure, number of bedrooms, bathrooms, square footage, amenities, etc.

*Taxes on Capital Gains*. This type of tax is imposed only when the property is sold. The difference between the purchase price and the sale price is subject to this tax. There are exemptions for owners who lived in the property for at least 2 years and the amount of the gain. There is a way to defer capital gains taxes by doing a 1031 Exchange. Be sure to contact an escrow company and do everything within IRS guidelines. Under this IRS rule, you can sell your property, find another property, make an offer within 45 days, and settle on a new property within 6 months and defer paying capital gains taxes. According to IRS tax rules, the property you’re buying must be “likewise,” meaning it doesn’t matter if it’s larger as long as it’s an “investment” like the one you just sold. So you can buy a single-family home and buy an apartment building as long as they are both investment properties.

The information provided in this article is an overview only and not legal advice on general real estate tax laws. This information may be different or not applicable depending on your state, tax category, or other restrictions imposed by the IRS. Please check with your accountant in your local area.

Fabricated roof trusses are used in nearly 80 percent of all new homes built in the United States. Trusses are designed by structural engineers to ensure they meet roof load and building code requirements using a minimum amount of wood, unlike conventional roof framing where the choice of beam size is often left to to the builder. The result is often wasted lumber due to over building, if a 2 X 8 is good then a 2 X 10 would surely be better!

Ask anyone building new homes today which one is better and the answer is sure to be trusses. Modern framing fabricators can design and build framing for the most complex ceiling and roof plans available in custom built homes.

Disadvantages of the conventional roof structure

1. Conventional roof framing requires the use of larger framing members to form the roof plane as well as the roof, resulting in higher labor costs.
2. Each individual roof and ceiling piece must be figured out, marked, cut to size, then positioned and nailed in the correct position.
3. Requires the use of interior load-bearing walls.
4. Construction can take several days, leaving the new home exposed to the elements for a longer period of time, increasing the chance of moisture damage.
5. Highly experienced carpenters must be used, further increasing labor costs.

Advantage
stick frame

1. Space restrictions on the construction site can be overcome with the use of beam frame ceilings.
2. Most armor builders cannot build a swap hip, mobile hip, or turret roof.
3. All framing lumber can be purchased locally and delivered the next day.

Disadvantages of fabricated roof trusses

1. Trusses must be ordered two to six weeks in advance.
2. Lifting of improperly installed trusses results in cracks in the drywall and nails at the intersection of the ceiling and interior walls.

Advantages of armor

1. Less experienced carpenters can put up trusses, reducing labor costs.
2. Fewer interior load-bearing walls are needed because free beams are longer.
3. Shorter lengths of two by fours are used to build frames which lower material prices.
4. Structural engineers design and certify roof trusses.
5. Trusses can usually be put up in a day, the interior of the house is exposed to the weather for a minimal amount of time.

Types of roof rafters

1. Common
2. high heel
3. Hips
4. Gambrel
5. Bowstring
6. Cutwith scissors
7. Attic Room
8. Beam
9. Polynesian
10. multiple piece

roof styles

1. Flat
2. Cathedral
3. Vaulted
4. vault study
5. Tray
6. Chest
7. barrel
8. invested

These lists of roof truss types and roof styles are not exhaustive, check with your local builder and truss manufacturer for more complete details.

How could new travel alerts and terrorist threats to wholesale homes affect US real estate investors?

The last week has seen new global travel warnings issued by the US State Department, as well as the extended closure of embassies abroad. Some sources report that we are now seeing more and more targeted threats than ever before. Furthermore, a blowback in the ‘war on terror’ and an August 5, 2013 Fox News report alleging that the US military continues to do business with terrorist-linked contractors suggests that US enemies They are better funded and bolder than they have been in many years, which could lead to more attacks, or at least threats.

So could this, coupled with rising travel expenses, upset current trends and change the game for those wholesale houses?

All of this could definitely help you keep more US investment dollars at home. But could it take some of the heat out of the global investment rush, especially in terms of second homes?

It could at least have a limiting effect on travel. This could change the rush to invest closer to some airports and travel hubs, but an influx of capital from abroad and foreign buyers looking for a backup plan and cash somewhere safer could balance this out. It could certainly encourage more people in terrorism-prone areas to get their cash out of overseas and into the US, which combined with the current massive interest in Asian American properties could further boost demand and prices. of housing, improving conditions for wholesale houses.

Major international investment houses like Barclays are already targeting the new generation of African millionaires offering new investment opportunities. Many of these will definitely be home related investments and will help increase the visibility of the benefits of investing in today’s market.

Still, it pays to balance your out-of-area, national, and international marketing with a local presence, local branding, and relationship building. Dominate your local market. This is your bread and butter. Then look for opportunities to capitalize on global investment trends and interests.

If you’re going to take an international approach to marketing and selling wholesale homes, it may be smart to aggregate and partner for services that can make it easier for foreign investors and private lenders to work with and buy from you. This can include translation, banking, title and property management services, which can also often become alternative income centers for ongoing passive income.

Ventura and Los Angeles Local Real Estate Market

Home values ​​increased 13% year over year in Ventura and Los Angeles County. Many of the world’s largest funds, including THR California, Colony Capital, Blackstone, KKR and Waypoint, are acquiring almost 1/3 of all homes on the open market for rent over the next 5 years. This is extremely important to homeowners in Ventura and Los Angeles counties as real estate is likely to continue to increase in value.

How to value your house

For home appraisals in Ventura and Los Angeles County, you need to consider many factors. Size, location, quality of construction and curb appeal are a few, but many other factors are also taken into account.

How much value does a bedroom add?

In our experience, rooms add more value than just the actual size of the property. Going from 2 to 3 bedrooms is usually worth an additional 15-20% of value. Whereas, from 3 to 4 bedrooms it is usually a 3-5% increase in value. Finally, 4-5 bedrooms is only maybe 1-3% of the value. We focus in this equation on valuing homes as much as price per square foot.

How much value do bathrooms add?

Adding a bathroom to a property is usually a very business decision. Although an additional bathroom in a property that has 3 bedrooms and 2 bathrooms can add $5,000 to $10,000 in value, adding a bathroom in a property that has 3 bedrooms and only 1 bathroom can make a significant difference. Sometimes close to $25,000. This is a convenience that buyers are often willing to pay for.

price per square foot

We also analyze the price per square foot to obtain a base value of a property. If there is a similar property in the area, including size, shape, and location, it is a good tool to use. However, when you’re comparing your home to a property that’s 200 (or let’s say 10%) less square feet than yours, it’s usually a good idea to look at the big picture. Are you willing to pay an additional 10% of the value? Probably not, but maybe 5% more. But, if the property has an additional bedroom, you could add an additional premium of $10,000. But realistically, no one who paid $300 per square foot for a 1,000 square foot property will pay $300 per square foot for 1,100 square feet, all things being equal. Usually it will only be a $10,000 premium, instead of $30,000 (100 sf * $300/sf).

How much value does having a pool add to your home?

With high-end homes, the buyer is more likely to be able to afford the approximate $2000 annual cost to maintain a pool, and will probably want the pool just to have it. Pools are an additional $15k for homes under $400k, 15-25k for homes 400-800k and around $40k for homes over 800k. As such, the added value of a group increases as the price of the property rises. The higher the price of the house, the closer the added value of a swimming pool will be to the cost of building it.

How to value your home versus a fully rehabbed property

Some houses in one area have quality rehab work, and some are just lipstick on a pig. However, a house that hasn’t been touched in years, but has good bones, can cost a developer about $20/sq.ft. +/- to complete rehabilitation. This includes hardwood floors, carpet, granite countertops, new cabinets, good appliances, recessed lights, new bathrooms, paint inside and out, new baseboards, doors, clogs, and cleanliness. The HVAC system or water heater is often replaced. Comparing a house that has been rehabbed at 20/sq ft. yours is difficult. I usually add or subtract $22-25/sqft. when comparing a fully rehabilitated property with a non-rehabilitated property. Luxury rehab jobs are a bit more difficult to price, as some can run as high as $40/sqft. Those rehab jobs typically sell at a premium, but you may never see a full return on your investment.

Rent, Rent, Rent

Location always matters. Having a property on a cul-de-sac can add an extra 5% in value, while having a property on a flag lot, a parcel behind another property, can deduct $10-50k in value (depending on the quality of the home). ). ). This applies to properties facing a busy street, train track, highway, or major artery. Depending on the street, a property facing a busy street can sometimes be worth 2% less, while a property facing a highway can be worth 7-12% less. Sometimes more.

Although this article takes into account many different variables in valuing a property, there are many more. Valuing a property is always a unique experience from one property to another. Also note that all opinions expressed in this article are based on our experience and are subjective.

The title of this article is a pretty bold statement, but if you’ll spare me a couple of minutes of your time today, I’ll show you how you can tap into a new real estate niche that most agents don’t have. I don’t know about it. It’s not that they’re not aware of it; it’s just that they haven’t put two and two together.

This new source Real Estate Leads could mean another 100 – 600 highly motivated new Leads (Seller) who are desperate for your professional help. And that’s just for a market of 100,000 homes. Your market could have even more.

Why hasn’t this opportunity been available before?

Well, before now not all parts were available. Today, the technology is in place, business-in-a-box turnkey training systems are available, and the market for this business is very mature and growing.

Foreclosures will be the next big thing in Real Estate Leads

Our Coaches Corner{tm} newsletter subscribers (over 350,000) often ask us, “What’s the next big thing for realtors?”

Well, if you were to ask me that specific question about Real Estate Lead Generationi would have to say Foreclosures and Pre-Foreclosures are going to be the next big thing for New Generation of Real Estate Leads.

You’ve probably already heard that real estate foreclosures, according to the US Foreclosure Market Report, are as high as 3,325% (New Hampshire).

Foreclosure rates continue to grow

USA Today recently published an article about the fact that 75% of new home mortgages in California are undocumented loans (some industry insiders call them phony loans). These Undocumented Loans allow the homeowner to use declared income and often allow them to borrow more money with a higher debt-to-income ratio than they traditionally could. Documentless loans have become very prevalent in recent years and are now widely used across the country.

In my opinion, most of these lying loans are embryonic real estate foreclosures. It’s likely only a matter of time before homeowners run into trouble and face foreclosure.

Over a million real estate foreclosures each year

According to RealtyTrac®, with whom we have established an exclusive partnership, the number of foreclosures will likely exceed 1.2 million this year if we continue at this rate. To read the full press release for the May 15, 2007 RealtyTrac® US Foreclosure Market Report, click here.

What this means for the average real estate agent in a market with 100,000 homes is that about 127 new properties will enter some state of foreclosure per month. Some of the not-so-average counties will see 431 new foreclosures per month for those same 100,000 households. So that means there will be 14 new real estate foreclosure listings per day for every 100,000 households.

If you had the home seller’s information in a timely manner and were equipped to handle this specific type of lead, it could mean 100-500 new leads each month in a market with 100,000 homes.

Most Real Estate Agents don’t know how to handle Foreclosure prospects and generally view them as junk prospects. So there is very little competition for you in this niche if you become a real estate foreclosure expert.

Combine that with a highly motivated home seller and you have a recipe for lead generation success.

Do you know the foreclosure rate in your state? Yes it is only the national average, will have 1 foreclosure for every 783 homes as a part of the country? How many homes do you have in your market and what does that equal in foreclosures? A lot no matter where you live!

Foreclosure rates are growing almost everywhere and there are already a huge number of potential clients for you where you live, so take action and equip yourself with as much real estate foreclosure information as possible. The information will help you create a whole new niche in real estate foreclosures in your area and help you grow your real estate business.

The escrow in a real estate transaction tells the seller that the buyer is interested enough in buying their property to risk money to prove it. In some states, a security deposit is required to bind the contract, but in most areas the “for good and valuable consideration” clause includes the purchase value of the property.

However, for a seller, the escrow is a necessary evil that they are looking not to lose, and often even after the inspection period has passed. If there is a contingency in the contract of sale, the security deposit can be refunded after many days of painful waiting for the buyer’s financing to be approved. All the time the property is off the market and the seller never knows for sure if the buyer will close.

Whenever a buyer is doing conventional financing, the contingent financing section should not include specific interest rates or terms, but should instead say “going rates” in case the buyer doesn’t get exactly what they wanted and tries to use this like an escape. clause to recover your security deposit. The seller is the big loser if the buyer does not pay and loses time, money and has to start selling the property all over again. The seller deserves the deposit since the buyer must have financing from him before attempting to purchase a property.

So how much should an escrow be so that both parties are at least equally unhappy or equally satisfied? Quick response for a seller is as much as possible and for a buyer as little as possible. But more than what they want comes into play because too big a deposit will kill too many deals, and too little a deposit will drive too many buyers away.

In the real world, FNMA (Federal National Mortgage Association) is a big seller of REO (bank owned) properties. They have established a policy that requires 10% of the purchase price as a security deposit requirement. As they look for serious buyers, what has happened is that this onerous amount prevents many buyers from seeing their REOs. The idea was good, the implementation and the consequences were not understood by the FNMA leadership.

For wholesale real estate deals, the wholesale seller probably has the property under contract to an original seller and has given this seller a deposit in the range of $500 to $2,000. This can vary a lot and just last week an associate put a $40,000 security deposit on a $300,000 property because he had already sold it for $350,000 and had a $50,000 deposit from his ultimate buyer. This example is typical of an investor who is wholesaling a property that has an escrow at risk; he simply gets a larger deposit from the ultimate buyer of him. If the final buyer does not close and the investor decides not to close, he still makes money on the spread between the two deposit amounts, in the above case $10,000.

For a retail or end buyer who will live in or own the property, I have found it convenient to ask for the amount of deposit I really want at contract signing and the second half after a 10 day inspection period in which time, both deposits become non-refundable for any reason, including the buyer’s inability to obtain financing.

If I buy a property from an owner, I always offer only $100 as security deposit. Some investors boast that giving the owner a $1 deposit will work, but if faced with a decision between $1 and $100, most owners would believe that $100 is more credible. With homeowners, I also don’t pay the deposit until the inspection period is over, which is usually 30 days or more. The reason is that as a wholesaler I am looking to resell the property long before it has to close.

In summary, obtaining an escrow is essential for a seller and the amount must be at least 3% to 5% or more of the purchase price. If the buyer is highly motivated, he asks for 10%-20% to test his sincerity. The problem is not the size of the deposit; is if the buyer closes. You could have buyer’s remorse, the property could fail inspection, or even have title issues that can ruin the sale.

The next issue is how does the seller get the escrow from their closing agent or from the buyer? This is not as simple as it sounds, as both the buyer and seller must sign a Release for the agent to distribute the escrow. Check with the closing agent before you contract the property to find out what kind of release clause you can include in your original purchase agreement to overcome this problem before it becomes a problem.