Real Estate Quotes

For residential properties, generally it is desirable to be located near schools (but not backing on them!), near the shops (but not beside them), and with good access to freeways or arterial routes. [2001] - Dolf de Roos

Mortgage finance is offered by a myriad of banks, financial institutions, insurance companies, contributory mortgage companies, contributory mortgage companies, mortgage brokers, lawyers' client funds, and even real estate companies. You can even apply for and get a mortgage on the Internet. All that matters is what the terms are and the conditions associated with the loan. [2001] - Dolf de Roos

You can make tremendous gains when you subdivide a large premise into smaller areas. [2001] - Dolf de Roos

Managing properties yourself for a while is great training to understand the components that you will want to look for in a professional property management company. Typically, property managers charge anywhere from 4 percent to 15 percent of the rental income to manage your properties. [2001] - Dolf de Roos

About the most critical factor in running your properties smoothly is the judicious choice of tenants. Ask the prospective tenants how long they were in their last home, what their plans are, where they are from, where their family lives, and what they do for a living. Part of the art of being a good landlord is to be firm but fair, and friendly but not familiar. [2001] - Dolf de Roos

Commercial buildings are generally valued on the basis of their rental income. Typically, banks will lend 50 percent of the appraised value of a commercial property. It is generally much easier to instantly increase the value of a commercial property from the low purchase price you paid to the new appraised value after you have owned the property for a few weeks. The reason is simply that an empty residential property still appraises for close to what its value would be if it were occupied. However, an empty commercial building is not worth much at all. [2001] - Dolf de Roos

The more motivated (read desperate!) the seller, the better the deal will be for you. [2001] - Dolf de Roos

Fall in love with the deal, not the property. [2001] - Dolf de Roos

To buy when everyone else is selling, and to bide your time when everyone else is buying. [2001] - Dolf de Roos

As interest rates fell (which has to happen sooner or later), then property prices will skyrocket, as the prices of properties are based on affordability. [2001] - Dolf de Roos

With property you can generally tell when a market is low. Advertisements tend to state things like: "any offer considered," "Vendor financing available," "Come and make a deal," "Settlement terms to suit the buyer." [2001] - Dolf de Roos

The Deal of the Decade comes along about once a week. [2001] - Dolf de Roos

Real estate is truly international. Of course some countries like Japan make it exceedingly difficult for foreigners to invest in their country. But there are many countries where there are no or minimal restrictions. Right now the prospects for Prague and Budapest are tremendous. [2001] - Dolf de Roos

My real estate strategy is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years. [1998] - Robert T. Kiyosaki

A great property manager is key to success in real estate. A great property manager often hears of great deals before real estate agents do, which makes them even more valuable. [1998] - Robert T. Kiyosaki

Make lots of offers: When I want a piece of real estate, I look at many properties and generally write an offer. Offer half of what the owners asked for. Most sellers ask too much. In real estate, I make an offer with the words "subject to approval of business partner." Most people do not know my partner is my cat. If they accept the offer, and I don't want the deal, I call home and speak to my cat. [1998] - Robert T. Kiyosaki