Variance Posh Real Estate Developers

Visit Our Website Let’s quickly look at some ways of defining and actualizing financial independence; financial independence by net worth and financial independence by cash flow. Financial independence by net worth: Refers to the net worth of all your investable assets (excluding your assets that do not generate income like your primary residence, furniture, cars etc.)   divided by your annual expenses. Financial Freedom Ratio = investable asset/annual expense   For me this value should be greater than 40 to be financially free. This then means you can withdraw a fixed 2.5% from your asset annually (by liquidity) and your portfolio will last the rest of your life time. This will work better if you are 40 years and above. Remember that liability from children upkeep and education costs tends to decrease as you grow older, however, liabilities due to need for health-care or long term living assistance care can increase. Financial independence by passive in...

Visit our Website It is very important for an investor to consider expected yield and liquidity before investing in a real estate asset (land, buildings and estates). Any asset that can be ex-changed for money has a certain level of liquidity. During your ownership of real estate, the yield (rent) creates revenue and cash flow. However, your ability to sell your real estate at a reasonable price and in a timely manner is determined by liquidity. So what is liquidity? Liquidity describes the ease at which an asset or security can be quickly bought or sold in the market without affecting the asset’s price. Money or cash is considered the most liquid asset because of the ease of exchanging it for other goods or services, while real estate, securities, fine art and collectibles are all relatively illiquid. Typical order of asset liquidity are currency, securities (stocks, bonds and treasury bills),Precious metals (Gold, Silver, Palladium, platinum etc.), real estate and A...

Visit Our Website Store of value is a function of an asset that can be saved, retrieved and exchanged at a later time without any risk of losing it and also retains its purchasing power into the future. Wealth is the total of all stores of value monetary and non-monetary assets. The most common store of value in modern viewpoint has been currency, precious metal (Gold, silver etc.) and real estate. The underlying reason for using this storing medium is that it has a better way of managing the risk associated with it. Most people would say money is one of the best ways to store value because of the ease of exchanging it for other goods and services without time wastage, but it can quickly be affected by hyperinflation mostly in developing world. However, real estate is a better means of storing value for investors if the property is strategically located in choice areas, well-built (architecturally and structurally) and free from any form of disaster. A good house will gain ...

Visit Our Website Oversite concrete (often referred to as German floor by the laymen) is a layer of concrete used to seal the earth under the ground floor of a house. Before pegging and digging the foundation of the proposed building. The first thing is to determine how high the oversite concrete of the house should be raised above the natural ground level. Note that there will be many different levels on a sloped land. It is very important to check the topography of the area. More important is the level of the land with respect to the road. If the road is tarred, use it as a reference for determining how high to fill the land when the building is completed for proper grading of the yard for surface drainage. But if the road is not tarred, endeavor to put into consideration how high in the future you think the road will be filled or excavated during construction and use that as a guide or reference. Having a good knowledge of how high the land should be filled to ena...

Visit Our Website Renovating or remodeling a building maybe to give the house a facelift it desire or to attract good rental rates and less time in the market. If the purpose of renovating a house is to sell immediately, be sure not to spend more than you can sell the property for. Always try to stay within your budget while keeping the house beautiful and inviting. Also be careful not to bring in too much of your own personal style/features as prospective buyers may not share your views. Pros of Renovation You will be able to get a property at choice location : Areas that are fully developed will have some houses for sale that are good for renovation either for rental purposes or for outright sale. You may get a good price for a building that just needs renovation to bring it to an inviting taste for tenants or buyer without having to spend too much money : The cost of buying plus renovation may be far less than building a house from scratch. It increases the propert...

Visit Our Website Building a house from scratch for rental purposes or outright sale has its merits and demerits as compared to renovating an existing building.    Merits You can have an input on the architectural design of the house. You can decide how the external view and the interior of the house should look like. Creating an area with good and easy to move around living space can make the apartment appealing to tenants. You can decide the budget for the project. Based on your estimated selling price for the proposed property, you can decide on the budget you want to put into the investment to give you a reasonable profit margin. You can decide the number of bedrooms for each apartment. Most times with a good survey of the vicinity you will be able to tell what kind of apartment will rent faster and give higher returns. Example the difference between 1-bedroom apartment and 2- bedroom apartment or 2- bedroom apartment and 3- bedroom apartment may not be ...

Visit our website Some areas have lands that are highly over priced but the rent does not measure up. Investing in such an area will take longer time to recoup investment. The property will not also gain so much value after some years. Don’t invest in areas where you know your property will suffer rent void, give lower rental rate and/or get low property value appreciation. Below are some things to consider before buying a land for rental purposes. 1.    Compare land price to rental rate :     A good investor should be able to compare rental rates to land prices in different areas. This will give them an idea of where best to invest and get good returns. The bulk of the difference in the cost of similar real estate properties in different areas is usually the difference in cost of bare land in the different areas. In most cases, cost of labor and materials of the building structure is similar in a particular locality. Sometimes it is better to acquire a p...

Visit our website Are you thinking of investing in rental properties? If yes, congratulations, carefully planned and managed rental properties investment can be quite profitable in the long term while also allowing the investor to build wealth on the journey to financial freedom. Generally speaking, investments can be done with personal savings or loan. A loan can facilitate the ability to invest in real estate and make good profits; however, an investor has to be extremely careful before taking out loans to finance an investment in rental properties. This is because an inability to meet up with loan payments can quickly wipe out investments and leave an investor with debts and financial troubles. Here are some critical things to consider before investing personal savings or loan on a rental property: 1. Negotiate good deals on land/property purchases (buy at a price below current “fair market value”), this way, you already made a profit on the day you close-out the real e...