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9 months ago

How About an Uber for Real Estate?


There's no shortage of news about Uber and how it is connecting riders with drivers and cutting out the taxi companies. Some cities are fighting the trend and legislating them out of the area, and others are still trying to figure out how this service has become so popular so quickly. This isn't about that, but it is about connecting buyers and sellers directly and increasing the value for both in the process.

I'm thinking that there is an opportunity for retail consumer home buyers to work directly with real estate fix & flip investors to get a great deal on a home and create more profit for the investor than they may be getting now.

The Wholesale Fix & Flip

I call it wholesale because many fix & flip investors are buying a property in need of rehabilitation and selling it to a rental property investor when it's a rentable property. The reality of this situation is that both parties involved are investors. The rental property buyer, at least if they're good at what they do, wants to buy the home at a significant discount to current retail market value.

The fix & flip investor does a lot of due diligence, research and marketing to locate properties with motivated sellers. The goal is to get a deep discount buy on a home needing work, perhaps a foreclosure, rehab it, and sell it to a rental home investor. The rental home investor is a pro, so they want to pay less than it's actually worth in the current market. Usually they're looking for a 10% to 20% discount.

Of course this challenges the fix & flip investor, but that's why they make their profits. They are skilled at locating the very best distressed properties for purchase and making their profits on the rehab. They can still sell at a market discount to the rental property buyer.

There has been a definite shift in this market recently, primarily due to the drop in foreclosures and rising prices at which the fix & flip investors have to purchase. It makes it more challenging to make a decent profit to justify their risk and efforts. More fix & flip investors are selling to regular consumer buyers in the retail market.

There are other challenges in this market. One is that marketing costs are higher, and definitely costs of sales rise with real estate commissions. It's a necessary cost of doing business, but it does discourage some investors from working in the retail sector. The costs of holding the property increase the longer it takes to sell. Generally, on the wholesale side the sale is closed quickly with a buyer who the investor has already solicited for the property. When it's going retail, marketing must turn up a buyer.

Fix & Flip investors should be taking an Uber approach.

Suppose fix & flip investors do more general marketing with the goal of letting retail buyers know that they are in the business of selling to coco palms condo price them, and that the investor has mortgage contacts to help them to finance their new home. Advantages include:

Higher profits on the flip.

Buyers can reach out to investors earlier and possibly even specify some finishes and amenities, just as they can with a new home builder.

Buyers can possibly get a small discount to full retail value, even with the investor getting a better-than-wholesale profit on the deal.

It's just an idea, but it seems to be logical and a way to create a win-win situation for investors and buyers.

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9 months ago


Sam Cohen, owner of e-commerce company DWNY LLC in Ocean, N.J., sent three employees in a 26-foot truck to the nearest closing Walmart, about 160 miles south, in Baltimore. Wal-Marts store closings presented a special bonanza. Earlier this month, the Bentonville, Ark.-based retailer began slashing prices websites by 50% in an effort to clear inventory before closing Supercenter and smaller Express stores.

Business Insider

9 months ago

The Real New Zealand - Real Estate

By: Dave Klein

Many people talk about the wonders of New Zealand. Perhaps, that is why you're thinking of purchasing New Zealand real estate rather than one of the many other properties for sale on the international market. What is alluring to most is that New Zealand real estate that truly reflects the rural beauty and green hills of the New Zealand experience. Not every international real estate experience will offer you this beauty but these tips will help you on your quest in finding property in the "Real" New Zealand.

One good place to begin is Northland. It stretches from about 20 minutes north of Auckland to Cape Reinga. New Zealand real estate in this area will offer y

9 months ago

Exotic Animals :: Dealing with Leopard Gecko

Leopard geckos are generally healthy animals. But this does not mean that they are free from acquiring diseases. Good thing is majority of these diseases can be prevented as long as proper care is given by the pet owners to the leopard gecko. Some of the most common diseases in leopard geckos and how it is treated or prevented will be discussed further in this article.

Osteodystrophy: A bone disease which is characterized by a loss of density of the bones. This disease makes the bone of the affected leopard gecko brittle. Osteodystrophy can also affect the growth of a gecko. If osteodystrophy will strike a leopard gecko on their youth, it may cause them to grow crooked. This disease is caused by deficiency in calcium, generally due to an imbalanced diet. Some common symptoms of this disease include weakness, swollen or crooked limbs and tremors. To treat this disease, you need to increase calcium in your gecko's diet.

Digestive tract blockages: Geckos has the tendency to swallow their bedding material while they eat. This may lead to stomach or bowel obstructions. If you use sand or gravel as bedding, it will increase the chances of your leopard gecko to acquire digestive tract blockages. To prevent this from happening you should use sand and gravel free feeding area for your leopard gecko and use a shallow bowl to feed your pet. An early manifestation of this illness is loss of appetite. It is normal for a leopard gecko not to eat every day but if your leopard gecko stopped eating for a week, then it is entirely a different story. Have a veterinarian examine your pet so that proper treatment will be carried out.

Infections in the mouth and in the respiratory systems: These infections are usually minor and affect leopard geckos that have compromised immune system which is brought about by an improper diet. Temperature also has something to do with this illness. That is why it is very important to keep the temperature of the hide of your leopard gecko properly regulated to provide comfort. Generally, changing the gecko's environment and improving their diet can help solve this problem.

Obesity: This is a common problem because leopard geckos really love to eat. Too much fat in the gecko's diet (often caused by too many wax worms or mealworms) is the primary cause of this condition. The manifestation of this condition is initial weight gain that may be followed by an abrupt weight loss along with a loss of appetite. This can be fatal to your gecko, so it's best to prevent this disease; treatment for this condition is increasing protein and vitamin supplements in your gecko's diet.

Tail Loss: Tail loss is another common occurrence in the life of leopard gecko. Lost tail is an indication that your gecko has been through a stressful situation. To prevent your gecko from loosing its tail you must make sure to always handle your pet carefully and never pick them up or handle them by the tail. Although loosing a tail is not life threatening for your leopard gecko it is still very important to care for the stump by applying topical antibiotic ointment on it daily as the tail grows back to prevent infection.

9 months ago

MetLife, New York State Common Retirement Fund form real estate JV | Reuters

MetLife Inc (MET.N), the largest U.S. life insurer, said it has formed a real estate investment venture with New York State Common Retirement Fund, the third-largest U.S. public pension fund.

The venture's initial investment portfolio, which will be managed by MetLife Investment Management, comprises seven properties valued at more than $1.4 billion, the company said.

MetLife, which sold a 49.9 percent stake in the portfolio to the fund, said it will be the majority owner of the portfolio.

The move comes a week find after MetLife said it plans to separate a big portion of its U.S. retail business as it fights federal regulators over its "systemically important financial institution" (SIFI) designation.

That label, created after the massive financial crisis that started in 2007, means regulators deem the company too big to fail and requires MetLife to hold higher levels of capital.

Billionaire investor Carl Icahn is currently pressuring American International Group Plc (AIG.N), another insurer designated systemically important, to break itself up.

Shares of MetLife were marginally down in extended trading on Tuesday.

(Reporting By Sudarshan Varadhan in Bengaluru)

9 months ago

Olive Oil Beauty Benefits: 5 Great Ways to Use Olive Oil in Your Beauty Regimen

Olive oil is a remarkable gift of nature. It is one of the best natural products for health and beauty. It is protective against several diseases such as heart disease, blood pressure, high cholesterol, diabetes and breast cancer to name but a few. What's more, olive oil is excellent for your skin, hair and nails. Sinceit'svery unlikely to cause an allergic reaction,it is an ideal natural productfor sensitive skin and hair.

This amazing natural product has actually been used on the body for centuries. In ancient Egypt, Greece and Rome it was mixed with herbs or fragrances to create cosmetics as well as medicine. Nowadays, there are numerous beauty products and spa treatments based on

10 months ago

Best Cordless Drills

Cordless drills are certainly convenient options if you want to work on a drilling project without wires and the need for electric sockets. They work using an electric motor and rechargeable batteries. Remember that these equipment, along with the basic drilling, can also be used as a universal screwdriver or hammer. Basically, they are classified on the basis of their voltage. The basic models of 9.6 to 12 volts can be used for small fixtures at home, whereas those producing 12 to 18 volts are used in large DIY home improvement projects. Those with 18 to 24 volts are intended for professional use.

List of Best Cordless Drills

Bosch PS31-2A

For years, Bosch has been

10 months ago

Patio Furniture Cushion Storage - Five Ideas

With more and more emphasis on expanding our living area to the outdoors, patio furniture has become more like indoor furniture. The fabrics are supposed to be a bit more weather friendly, and dry quickly if they get wet, but what to do in the off season?

I have many times not bought certain pieces of outdoor patio furniture simply because I live in a climate that experiences a good long cold winter. The frames and the chairs may survive with a simple cover over them, or not, but then what about the cushions?

Here are five tips on just what to do with those cushions so that you a

11 months ago

Building Wealth Through Real Estate


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When it comes to acquiring wealth, achieving financial independence is a key component. How do you achieve financial independence? We all probably have a different definition or dream in our heads, but to keep it simple, its when your passive income and your income from your portfolio are greater than your expenses. The key to reaching this point is to start investing wisely.

Many people choose to invest their money in the stock market. And while stocks can be a lucrative way to improving your financial situation, there is a better method. Stability is key, and stocks just cant hang with real estate. When you purcha

11 months ago

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Real Estate Articles

Home Home Real EstatePutting In Place A Good Design And Layout By Floyd Burns

A very successful restaurant will need a good layout and design plan. It is actually very true that the output (results) of the design and layout plans .... restaurant has a relaxed atmosphere, the atmosphere can be complemented by bright lighting while a serene mood would be complimented better by dim light.