How to Select Real Estate

How to Select Real Estate

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles
FAQ
AB Answers

Publish Article

0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Hello Guest
Login

Login via

Register
Hello
My Home
Sign Out

Email

Password


Remember me?
Lost Password?

Home Page > Finance > Real Estate > How to Select Real Estate

How to Select Real Estate

Edit Article |

Posted: Nov 22, 2007 |Comments: 0
|

Share

]]>

There are many things to consider in choosing the building you are going to invest in. The most important permits of not the slightest deviation. It will be fatal to compromise on the point of location. Let us see how we test for this requirement.

Let us say you have been offered a building located on Elm Street. You go to see it. The time of day when you see it is even important. Many a street presents quite a different picture at 10 a.m. than it does at 4 p.m.

Drive along the street, at 4 p.m. and look about as you approach the building. Remember not to decide this on the basis of whether YOU would like to live here. Just ask yourself this, “If you were going to pay per month for a flat, would you consider this location satisfactory?” In the answer you will find the yes or no to location. But see to it that all the factors are considered. If there is a noisy or smelly factory nearby, or a dump or railroad, make sure you see the place, hear the place and even smell the place at its worst. Only thus can you get the full picture.

Hence we peremptorily pass up the buildings that do not pass the first test, that of location. Notice that we do not ask that the location be “beautiful” or “lovely” for all buildings. Not at all. We use the yardstick that is clearly indicated by the rental rate itself. That determines the attitude and measuring eye with which we judge location.

We try to see this location through the eyes of a prospective tenant who has come to the building to see a flat. We try to see it as he will see it, and judge it as he will judge it. This is NOT difficult. We certainly can quickly dismiss the locations that are obviously so bad that even the tenant will certainly not find the location to his liking. These really give us no problem nor do those that are obviously good. It is the class of location that is “borderline” that may puzzle us.

I have taught hundreds of people this principle and many have expressed doubt about their future ability to determine the fitness of those locations which were not quite bad enough to reject at a glance, and not quite good enough to approve immediately. I have learned over the years that they were worrying without cause. It just does not work out that way. We have all seen that in some principles of practice, the theory is easy to understand but the practice is difficult or even impossible. Here it is reversed. The theory may be hazy, but the practice invariably turns out comparatively simple.

There are a few simple things that will give you your answer. I speak now only of those locations that are doubtful. The first step is to ask yourself whether in your opinion, the location would be satisfactory to a prospective tenant who was considering a flat in this building at (if that is the rent rate).

The next step is to ask the tenants themselves, but this step must be approached with one reservation. In those cases where you are considering a building that has been “over-milked”, that is, everything taken out by the landlord without putting anything back unless forced, you should approach the tenants with the mental reservation that they will probably be discontented with everything about their flats.

Thus any dissatisfaction on the part of such tenants must be weighed in the light of the general conditions which they have been forced to accept under greedy or neglectful ownership. If such a tenant were to indicate to you that he is unhappy with the LOCATION of the building, you should press him for the specific points that he finds undesirable.

He may come up with some very significant answers that will bear and guide investigation before buying. But if his complaint is very general, with no specification, you may discount it, as merely a baseless item in a general group comprising unhappiness.

Retrieved from “http://www.articlesbase.com/real-estate-articles/how-to-select-real-estate-264884.html”

(ArticlesBase SC #264884)

Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Jimmy Cox -
About the Author:

Read Our Free Real Estate Course And Set Yourself Up To Be The Next Donald Trump!

Click here for FREE online ebook!

http://www.freerealestatecourse.org/

]]>

Questions and Answers

Ask our experts your Real Estate related questions here…200 Characters left

Which is best investment in India – Real Estate, Gold or Mutual Funds and why?
I’m a new real estate investor. What would be the best accounting software for me to use?
How many real estate agents in texas ?

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
RSS
Print
Email
Re-Publish

Source:  http://www.articlesbase.com/real-estate-articles/how-to-select-real-estate-264884.html

Article Tags:
free realestate course, real estate

Related Articles

Latest Real Estate Articles
More from Jimmy Cox

Get Rich in Real Estate

Real estate holds a lot of uncovered money. With the help of this article you will be able to uncover the secret to accessing this money and on your way to fortune.

By:
Jimmy Coxl
Financel
Dec 25, 2007

Shuswap Real Estate An Golden Investment Opportunity

If you are looking to invest in real estate, look no further. Shuswap real estate is quickly becoming some of the most sought after pieces of property in British Columbia. Shuswap Villas, a community of townhouses, is nestled in the Lake Mara region, providing owners with scenic views and a relaxing atmosphere.

By:
Mark Lewisl

Finance>
Real Estatel
Apr 20, 2009

Buying real estate in Brisbane? How to see the good ones first

http://www.northbrisbanehomeloans.com.au/20things First or fifth time buying real estate? Local mortgage broker advisors in Albany Creek, Eatons Hill, Bridgeman Downs, Chermside and north side of Brisbane.

By:
Pat Cranshawl
Financel
Jul 29, 2010

Real Estate In Delhi Ncr

The NCR i.e. National Capital Regions around Delhi are among the fastest growing cities of India today. Real estate in Gurgaon and Noida is sky rocketing and reaping great benefits to property investors as well as property developers. Faridabad and Ghaziabad are also racing fast and coming ahead in the same league.The strategic location has made these two cities a special favorite among everyone from employers to employees, from property investors to property buyers, etc.

By:
Deepika Bansall

Finance>
Real Estatel
Apr 08, 2010
lViews: 123

Marketing Strategies For Successful Real Estate Agents Websites Using On-page SEO

Hi, I am going to let you in on some powerful strategies for successful real estate agents websites using search engine optimization or simply