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Fast Ways of Investing in Real Estate

26/3/2014

1 Comment

 
PictureI'm actually on Sale. Click My Image above for Details!
Are there Simple, Fast, Easy, Secure, Fun and Cost-Effective Ways for ANYONE thinking of Investing in Real Estate?

Well, the answer is simply a definite YES!

There are quite a number of Simple, Easy, Fun, Secure, Fast and Cost-Effective ways of investing in real estate for anyone considering this way of investing, with or without any money at all!

There are actually four (4) Main Simple and Fast ways of doing this and these are as follows:

WAY NUMBER 1: NETWORKING AND/OR JOINT VENTURING

Real estate investment is a pure Networking Investing Activity. It doesn't really matter whether you're an Individual or a huge Corporate Entity.

You see, if you want to strike it BIG and FAST in the field of real estate investing, you need to STOP working as a Lone Ranger Investor!

In fact, all Successful Real Estate Investors as well as any other types of Investors have learn't to use what I like to call "O.Ps" (Other People's stuff) in their investment strategies i.e Other People's Expertise, Other People's Skills, Other People's Knowledge, Other People's Time, Other People's Talents, Other People's Know-how, and lastly but NOT the least, Other People's Money!!!!!!

So, dear blog reader and potential real estate investor, learn to use and incorporate other people's Wisdom, Knowledge, Understanding, Talents, Time and Legwork of Others to further your own cause.  Not only will such assistance save you valuable time, energy and money, it will also give you a Godlike aura of Efficiency and Speed.!

Why then would You want to do it all by Yourself? You're ONLY making it Harder on Yourself! There are some real estate professionals as well as other non - real estate professionals whose expertise You can leverage to help You on finding and eventually investing in good real estate deals rather than You wasting Your valuable and precious time trying to do everything by Yourself. There are people to whom You may delegate some simple tasks to so You can concentrate on major tasks that help You make more money and become more effective!

So, Who Are Some Of These People You Can Delegate Some Of These Responsibilities To?

Well, here is a short list of some of these people and/or professionals You may delegate some of Your responsibilities to so You may free up Your time to concentrate Your energies on income generating activities rather than You becoming an unneeded real estate expert. Read below::

i. Real Estate Agents - These have ACCESS to many real estate deals as well as many properties. They can help You with a wide variety of real properties to choose from and for this privilege pay them a little something for helping You save Your valuable and precious time. For time saved is money earned indeed in one way or another! And like I said before, this FREES You up to FOCUS Your time, effort, and energies on other major tasks that earn You money and where You're good at!

ii. Real Estate Legal Officers - These help You with real property Asset Protection. You don't want to buy a piece of real property only to be told later that the person you bought from wasn't the lawful or legal owner of the said property and that he/she never had the capacity to enter into a valid and legally binding agreement! What You want is that once You buy, it's Yours and Yours for good!

iii. Real Property Appraisers - These help You calculate the approximate real and actual market value of a piece of real property in a particular location of the country! What You don't want is to spend more than is required on a piece of property and then live to regret afterwards for the rest of Your life. You had better get it right from the onset. And if you happen to be one who believes in doing it yourself when it comes to property valuations, then here is a great article I wrote that discusses 2 FREE Strategies on calculating or estimating property values on your own. You may access this very article by clicking ->HERE!

iv. A Real Estate Mentor - Such a person can also help You locate the best and ultra - bargain real estate  deals in the locality of Your choice. He/She can also help You with information concerning Joint Ventures, Sources of Reasonable Financing, and just other good deals and vital information pertaining to real estate investing!

v. A Banker - This person can help you with Your Financing Needs to assist You buy the property of Your dreams at the time You really need the funds. Moreover, a banker can also provide You with relevant information pertaining to foreclosures before the general populace has access to this type of vital info. Therefore, learn to cultivate a good relationship with some bankers especially those possessing some lending authority like a Chief Executive Officer or even a Branch Manager of a Financial Institution.

vi. A Title Research Or Escrow Services Company - Such an organization can help provide You with valuable property reports on properties listed for sale so You can know in advance if there are any problems with the particular property's title as well as anything else pertaining to that very piece of property such as unpaid land rates, liens or caveats, etc.

vii. Friends, Relatives and Acquaintances - These types of people can also be of great help. They might know someone who has what you're looking for. And in most cases, you don't even have to pay them for such a service. However, if you're so much in a hurry to succeed and get what you want quickly, there is nothing wrong in you enticing these people with cash rewards or you yourself receiving cash rewards  from other people in order for them or you to have a compelling reason to either help them or yourself get what you want very fast. This is what is known as "Network Marketing or Networking". This method or strategy is becoming increasing popular all over the world. And therefore, why not use it if others are using it with greater success in their personal and/or corporate endeavors!! If you wish to learn more about this and how it operates, then click->HERE!

However, if you operate a real estate Corporate Entity, th
en you may take advantage of what is known as Joint Venture Marketing where you enter into strategic business marketing partnerships or relationships with other business entities operating similar lines of businesses and get to market to each others existing customer base when your particular property listings and/or offers do not meet your existing customer's budget, selection criteria and specifications! This enables you to leverage each others existing customer bases and get to profit out of them thereby helping each others organizations with the much needed cash flows which can then later on be used for re-investment purposes such as in real property development initiatives!! 

Therefore, as You've seen and read from the above short list, it's very, very important to include others - whether Individuals or other Corporate Entities - in Your own real estate investing endeavors to avoid wasting your much needed and valuable resource which is ->Time! For Time saved is Money Earned indeed.

Henceforth, STOP working as a Lone Ranger Real Estate Investor and start Working with and Leveraging Other People in Your real estate endeavors and You'll achieve your real estate investment dreams in record time.

Why would You want to make it harder on Yourself? You can ONLY go so far as a Lone Ranger Real Estate Investor.........!

WAY NUMBER 2: REAL ESTATE TRADING

Real estate trading and/or brokering as it is sometimes called, is another Simple and Fast way of investing in real estate for any one who does not have any money to buy or invest in their own piece of real property now. All that someone needs to have or posses is FREE INFORMATION about people who are looking for property to buy and then simply connect such people to the sellers who've been struggling to sell their own pieces of real property for some time and then asking such sellers for a cut or commission for helping them sell their property which monies earned can then later on be used to either buy or invest in one's own piece of real property. And this does not even require any one to register a business to do this. All that one needs to do is simply connect the people they know on a very personal level who are looking for something to buy to the sellers. Period!

And another second type of real estate trading involves scouting for and buying real estate properties with the intention of holding them for a very short period of time, often not more than three to six months time, whereupon you hope to sell them off for a marginal profit. This technique is called "FLIPPING PROPERTIES" and is based on buying properties that are either significantly undervalued by their owners for one reason or another or happen to be situated in a very red hot market area of a particular region.

Two distinct types of Property Flipping exist. And these are:

i. Pure Property Flipping - Pure Property Flipping is a type of real estate investing where You do NOT put any money whatsoever into a house or indeed any other kind of real property in order to renovate and/or improve it after you've purchased it. The property in question has to have intrinsic value to gain some profit for you as an Investor without you physically renovating or improving it or else you don't consider it. Flipping properties in this manner is only meant to be a short term kind of cash investment.

However, the only negative side of property flipping is that if a property flipper gets entangled in a situation where he or she cannot sell his or her property quickly for one reason or another, then this can be quite catastrophic especially if the monies used to purchase the said subject property were obtained via a mortgage and therefore this becomes difficult to keep up with the mortgage repayments. This can result in serious liquidity problems for the property flipper who is unable to offload his or her property in a bad market.

The only way to avoid this kind of predicarment is to put in place contigency measures! Otherwise, flipping properties is a good way to raise money for further real estate investment endeavors!!

ii. Buy, Fix and Flip: This is the second type of real property flipping investment strategy that involves buying or investing in reasonably priced properties and then adding value to them by renovating and/or improving them and then finally selling them at a slightly higher price. This enables one to generate enough money that can then later on be used to buy or invest in another piece of real property whilst using the seed capital for re-investment purposes.

However, this real estate investment strategy is normally used for medium to long term kind of real estate investments and normally will depend on the extent of the renovations or improvements to be done.

The downside to this type of real estate investment strategy is that it is time intensive and often only permits an investor to take on one piece of real property at a time. But generally speaking, it is also a good way of multiplying one's income which can then later on be used in purchasing other pieces of real property once an investor has made enough!

WAY NUMBER 3: THE DEAL CLINCHER

Deal Clinching is another Simple and Fast way of investing in real estate because it provides any investor one key advantage which is normally not available to any other type of investing such as Stock Market Investing. And that one key advantage is this: LEVERAGE!

WHAT EXACTLY DO I MEAN BY THIS?

Well, allow me to illustrate this with a real life investment scenario.

For instance, if you desire to buy or invest in Company Stock or Shares, you'll be required to pay the full value of the Stock at the time you place the buy order. Even when you decide to buy on margin, the amount of money or whatever form of consideration you choose to use, will still be much lower than if you had invested in real property. Why? Because real property has real value which even the distinct financiers or money lenders recognize!

Moreover, most financial lending institutions offering mortgage bonds require that an would be buyer puts down a certain minimum deposit towards the purchase price of a piece of real property before they can even consider processing an investor's application for such an investment venture. However, notwithstanding this requirement, and real estate being what it is because of its inherent and perceived value, there are now other Investment Options pertaining to real property investment which a shrewd real estate investor can apply without putting down any liquid cash whatsoever and still walk away as the new owner of the property with full management controls even when the said property hasn't been paid in full! What this therefore means is that you can control an entire piece of real property and the equity it holds by simply paying what is know as the Option Money or Payment which represents a fraction of the property's total value. And this Option Money or Payment doesn't necessarily have to be in liquid cash! It can be in whatever form or shape of consideration the vendor or seller is comfortable with. But of course, your mortgage bond from your bankers or financiers will eventually help you pay off the remaining balance of the property's sale value BUT you gain control of the property the moment the papers are signed between you and the seller, which is called - Deal Clinching!

If this does not make sense to you at all, then I highly recommend you sign up for a certain E-Course entitled "How To Buy Real Estate Using Little or None of Your Own Money At All And Get To Buy Your Dream Property At The Price You Want". I discuss in detail such ideas and strategies in that very E-Course. So, sign up for it by clicking->HERE or simply use the form on the other side of this very webpage if you wish to know more about how to invest in real estate using Deal Clinching as an investment strategy!

Therefore, this is what makes real estate investing so attractive to so many people because it has so many alternatives tied to it even when a person doesn't have any money at all to invest in real property. One can still use such Options in their investment endeavors and still walk away as a property owner with full management controls even when one hasn't yet finished paying for the subject property in full.

You as a real estate investor can also take out a second or even a third mortgage bond on your own home and use that very mortgage bond as down payment on two or more other properties to increase your real property investment portfolio. Whether you happen to rent out these properties to tenants so that they help you pay out the mortgage bond you borrowed or wait for a chance to resell the property for profit, you control these assets inspite of you having paid only a small amount of money or consideration for them in the begining.


WAY NUMBER 4: INVESTING IN BASIC RENTAL PROPERTIES

Investing in basic rental properties is the last but not the least Simple and Fast way of investing in real estate.

This way of investing in real estate is as old as the practice of landownership itself. Normally you as an investor will either buy or build a piece of real property with a view of renting it out to other people for profit. You - the Owner or Landlord - will be responsible for paying back the mortgage bond if at all you got one including the costs associated with maintainance of the property. Essentially, you charge enough rent to enable you cover all of the aforementioned costs and other kindred expenses. You may also decide to charge more in order to help earn a very reasonable monthly profit to make the monthly mortgage bond repayments easy for you. But the most common plan is to be patient and only charge enough rent to cover only the expenses and other costs until the mortgage bond loan is paid in full, at which time the remainder of the rental fees becomes full profit for you the landlord.

Moreover, the property may also appreciate in value over the course of the mortgage bond period leaving you the landlord with a more valuable asset clear of any debts! At this time it becomes yours fully and you can decide what else to do with the property.

However, investing in basic rental properties also comes along with its own challenges and hiccups!

The first challenge is that you need to have plenty money for you to do it. If you don't have plenty money, then you need to have a steady and regular source of income to enable you borrow from the hard money lenders so you can either build, buy and/or invest in real property.

The second challenge is that if you happen to be one of those people whose liquidity position is sound and you're able to afford to borrow and get yourself a mortgage bond loan to enable you either build or buy a piece of rental property, you may end up with a nasty tenant who damages your property, delays in paying rental fees to you  or worse still, end up having no tenant at all. This therefore might end up leaving you with a serious negative monthly cash flow position which might make it very difficult for you to service your monthly mortgage bond loan repayments.

The last but not the least challenge is that of locating and/or finding the right property in a good location. Why? Because this might end up taking most of your valuable and precious time and effort trying to find the right property with good terms and conditions. This may therefore work against you in terms of time more especially if you're using borrowed funds to invest in real property. You may reach a point where you have to start repaying your loan and yet you haven't even finished building that investment property if you happen to go the construction way.

Otherwise, notwithstanding the above mentioned demerits of basic income generating rental properties, real estate investing is generally an excellent investment choice compared to other investment options because of its inherent and perceived value!

However, as with every other good investment option out there, real estate has its own fair share of risks as well. So, dear prospective real estate investor, be smart in your real estate investment efforts and please make sure you do your homework before you sign on the dotted lines. There is nothing which is 100% perfect in the investment world!!

As always, go well in your real estate searching, buying and investment endeavors.

NOTE : Looking for Real Estate to Buy, Sell, or Rent, then click on the highlighted words right in this very sentence for details.

I love to hear your comments. Both positive and negative ones are all welcome.

So, go right ahead and drop a comment below or simply HIT the "LIKE" or "TWEET" button below.
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How To Calculate The Estimated Value Of Real Estate

11/11/2013

0 Comments

 
PictureI'm actually on Sale. Click my Image to get More Info!
Buying or selling a piece of real estate can be such a great challenge indeed especially in the Republic of Zambia where property owners and/or some real estate dealers price their real properties at optimistically high and prohibitive values. This is partly due to the fact that the real estate market and industry in Zambia is not strictly monitored and regulated by the concerned government authorities. This perhaps could be due to the fact that the industry may still be in it's infancy. It hasn't yet reached that advanced and mature level where government eventually thinks of coming in to help put in place control mechanisms and restore sanity in the way sellers, property valuers and estate agents price and/or value their properties.

Therefore, property owners end up having abnormally high expectations of the value of their properties and so tend to price them at prohibitively high prices that normally work to their detriment rather than to their advantage in the long term.

However, one can't really blame these property owners exclusively because to some extent, real property appraisers or valuers as they are sometimes called, also contribute to this problem in one way or another. When contracted to help value a piece of real property, they normally value these properties on the high end and hence contribute unknowingly to this trend of high property values.

Moreover, there seems to be no Uniformity and Consistency when it comes to property valuations in the Zambian real estate market and industry! That's why some financial lending institutions have ended up creating a section in their organizations that offer property valuation services to there clients to avoid inconsistencies in property valuations in the Zambian real estate property valuation industry.

But then even the entrance and participation of such financial lending institutions in the property valuation arena hasn't helped so much as to help with the problem of pricing properties highly!

And this therefore has left this matter of high pricing of properties to the Market Forces ONLY to help determine how much a piece of real property is really worth at any given moment in time especially when it comes to people who are trying to buy or invest in real estate using their own hard earned liquid cash rather than using borrowed money from the banks.

So, Are There Ways That Can Help A Buyer or Seller To Come Up With An Estimated and Fair Property Market Value or Price?

Well, the answer is a definite YES!

There are actually about Two FREE Ways that can help Anyone estimate or determine the value of a piece of real property without actually spending a dime or ngwee. And One other Paid Way or Method of calculating property values for those that have the money to spend!

These are as follows:

1. COMPARING THE PROPERTY'S SALES PRICE WITH THE F.M.V

Comparing a particular piece of real property's current sales price with other homogenous or similar properties in a certain geographical location that have been sold before or are listed for sale in the community is one of the two FREE ways to help one come up with an estimated and fair property market value or Sales Price! WHY? Because if you know what other similar properties sold for in terms of price previously, then you'll be in a better position to determine the approximate value of the current piece of property you're looking at now. Therefore, the fact that a piece of real property is priced at a certain figure now does not necessarily mean that that is it's real and actual value.

However, this may not be an accurate way of determining property values, BUT it is a very good yardstick for verifying and establishing the F.M.V (Fair Market Value) of the subject property you're currently considering to buy or invest in - if you intend to pay for it using your own hard earned liquid cash other than borrowed money!!

So, dear blog reader and real estate investor, apply wisdom and shrewdness when valuing, buying and/or investing in real property. If you do not have past sales figures for the particular similar property you're currently looking at now, then get professional help from your real estate agent or other realtors. This information is normally available as "Comparable Sales Reports".

2. USING INCOME OR CASH-FLOW ANALYSIS TO HELP DETERMINE THE PROPERTY VALUE

This is equally another FREE way to help anyone calculate or determine the value of a piece of real property one wishes to buy or invest in. This way or method of calculating property value requires a little bit of education on how to go about it but it is also a good way to help one come up with a property's value. This method of calculating value is normally used in transactions involving commercial properties or rather income generating real properties such as office buildings, lodges, motels, hotels, shopping malls, etc that require people to rent them or live in.

Therefore, investors or people considering purchasing or investing in a certain piece of commercial property can use this Income or Cash-flow Analysis Method to help them determine or calculate the current value of the subject property they are currently looking at based on income earned from similar looking properties or the particular property's previous and/or projected next-year net operating income / cash-flow. They use what is popularly known in real estate circles as a "Cap Rate" (Capitalization Rate) to help find or calculate the value of a piece of commercial property they're interested in.

The formula for calculating a piece of commercial property's value is:

Value = NOI (Net Operating Income or Net Rental Income) divided by the Capitalization Rate of the Area.

So, How Do You Find The Figures To Use In The Above Formula?


Well, You find the figures to use in the above formula by using another similar commercial property's operating income and it's recently sold price in order to first find the Cap Rate for the area and then apply it to the property in question to determine it's current value based on income.

For instance:

1. Research the recently sold price of an income generating property in a certain area of your choice, such as an office building or Shopping Mall.

E.g : A Twenty units rental Office Building just recently sold for $300,000

2. For that same Twenty units rental office building, determine or find out the net operating income, or the net rental income realized by the owners of the same building.

E.g: The rental income after expenses (net) is $24,000

3. Divide that net operating income you find by the sale price to first get or find it's Cap Rate.

E.g: $24,000 / $300,000 = .08 or 8% (The Capitalization Rate)

4. Follow the above mentioned formula for calculating or determining the estimated current market value of the commercial property you're currently interested in or wish to buy or invest in.

E.g $24,000 (Net Operating Income) ÷ 8% (0.08) Cap Rate = $300,000 (The Current Estimated Value of the Commercial Property you're interested in!!

Also, a commercial property's Cap Rate can be found by dividing the particular property's projected next-year net operating income by its value. Such that a property's net operating income, or NOI, equals gross rental income minus operating expenses including vacancy losses.

For example, a commercial property with a projected next-year net operating income of $10,000 (NOI) and a $100,000 market value has a 10 percent Cap Rate.

So that the property's current Market Value = $10,000 ÷ 0.10% (10%) which is actually $100,000 confirming the validity of the above mentioned formula for calculating a particular piece of real property's current market value!!

Therefore, if you happen to have any questions, concerns, worries, uncertainties etc about this method or way of calculating real property values, then please consult your real estate agent or realtor for help.

And the last way or method of determining property values is:

3. GETTING AN OFFICIAL APPRAISAL OR VALUATION REPORT

This way or method of determining property values isn't a FREE way or method. It involves using or spending your hard earned money to get what you want. This is the most common and fastest way of determining property values for many people as well as several organizations that offer mortgage financing.

Getting an Official or Certified Appraisal or Valuation Report can provide you as a buyer or seller of real property with the most crucial information you need aside from the other two free ways or methods of calculating property values and help you establish the range for your negotiations with the various sellers or buyers whatever the case might be.

And if you're trying to buy a piece of real property using mortgage financing from one of the various financial lending institutions, then you have no choice but to use this very way of obtaining property values because this is the only way these institutions accept before they even consider processing your application.

Should you therefore decide to get an appraisal, then please have it done by an appraiser who is recognized by conservative financial lending institutions to at least make sure that the estimated value you're provided with is conservative in both your own observation and that of the average financial lending institutions. Sellers won't probably pay for an appraisal and then sell the property to you for much less than the appraisal itself. So, it is recommended that you as a buyer make your offer subject to an appraisal of the property if that is fine with both parties to the deal or transaction at hand. In this way, you set the price in advance before the appraisal of the property, and if the appraisal comes in at too low or too higher a price, then you'll be able to renegotiate with the respective seller.

The only challenge however that this method of calculating or determining property values has, is that it can come at a seemingly high cost to both seller and buyer whichever the case might be but it is one of the best ways of determining property values except that in most cases, the values appear to be too prohibitively high compared to the Fair Market Value obtaining at a particular point in time in the market!

However, this can be a subject of negotiations by the various concerned parties to the deal at hand!

So, hope you got something of value out of today's blog post. Talk to you soon.

Looking to Buy, Sell, Rent or simply Rent Out a piece of real property? Then click on the highlighted words right within this very sentence for details.

I love to hear your comments! Both positive and negative comments are all welcome. So, go right ahead and drop a comment below.

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Beware of Online and Offline Real Estate FraudStars

4/5/2013

4 Comments

 
Picture
In these hard economic times, some people - whether on the Internet or Offline - resort to all sorts of deceptive tricks, impersonation and manipulation in order to lay their hands on other people's hard earned money through trickery and outright lies!

What really am I talking about exactly here?

Well, dear blog reader and real estate investor, maybe the following real and actual life scenario which happened to me will help drive the whole point home. Continue reading below.

I happened to receive a certain email from a lady prospective real estate customer calling herself as a Mrs. MARIA KHUMALO interested in buying one of the houses I'd listed for sale through one of my advertising and marketing channels. The email she sent me read as follows:

"Dear Sir/Madam,

I am Mrs. Maria Khumalo and I want to buy your Property, and I will want you to furnish me with more details regarding your Property if possible more pictures and your last prize and you can reach me on my email address: (khumalofamily@ymail.com). Waiting for your response.

Regards,

Mrs. Maria/Mr. Micheal Khumalo {For the Family}".


And as per good trade and business custom, I immediately responded to her request without wasting much time for I was convinced beyond reasonable doubt that she was a very serious customer. I responded:

"Hi Mrs. Maria Khumalo,

Thank you so much for showing interest in what we have to offer you in terms of your real estate and other property needs.

Concerning the house for sale you're interested in, you may view more pictures of the same house by visiting this website below ->


http://www.davikrealestate.com/houses-for-sale.html.

About the selling price, that can be discussed once you declare serious interest in the particular house for sale.

Thank you once more for your interest in what we have to offer you in terms of your real estate needs and looking forward to doing good, ethical and satisfactory real estate business with YOU!

Looking forward to hearing from you once more.

Sincerely,

David Kapalu- Property Consultant,
Creator & Founder of:
www.davikrealestate.com".

However, the next response I received from her shocked me. Here it is for your perusal and scrutiny:

"Dear David Kapalu,

Thanks for your detailed information regarding your Property. I want to know if you are a sincere person and I would also like to inform you that I want to buy your property and also carry out a big transaction with you that will benefit both of us.
It is my desire to buy property, however, I would like you also to help me and my only son to move to your country this money US$18.7Million.

This money is currently deposited with a private security company, because our status here as asylum seeker forbids us from conducting any bank transaction.

The reason I contact you again is because of my belief that you are able to help recover the fund and to invest it.

My son and I have decided to give you 23% of the total 7% for reimbursement of incurred costs and 70% for our family investment under your guide and supervision. I wait for your mail to give you all the details of your role. Please inform me of your number to call you

Contact my only son for oral communication

My Best regards

Mrs.Maria/Mr. Micheal Khumalo

{For the Family}

Telephone +0027727051898".


Immediately after finishing reading the above email she sent me, it then dawned on me that I was dealing with an Internet Fraud-Star bent on conning and tricking me in buying into her well planned money trickery schemes. I then decided to write her a STINKER as follows:

"Please whatever you call yourself, I'm NOT interested in your Money!!! Please find a very good charitable organization like a church or orphanage and donate your Money to them. If you want to buy property, just buy property and STOP dangling carrots in front of unsuspecting hungry people! Take your Money to the people who need it the most and not me of course. I have more than enough please".

And after sending her this STINKER, I never heard from her again. That was the end of her dreams of allegedly wanting to buy real property from me and/or swindling me out of my own little hard earned money!

So, what is the key lesson to learn out of this very real life encounter of mine with this so called Mrs. KHUMALO and her suspicious family label?

Well, the key lesson to take out of this real life experience of mine is that their will ALWAYS be some people in every walk of life - whether in the real estate industry or otherwise - who'll be there to try and con you out of your own hard earned money if you're not shrewd enough as an individual or corporate entity in detecting and knowing their crooked ways.

Picture
Similarly, this same scenario also applies in the Offline-Line World or Real World side of our life where you and I live and interact with each other on a daily basis. There are some certain highly crooked people who are in the habit of placing small classified adverts in the various daily newspapers and other distinct forms of advertising media and advertise real properties for sale like houses for instance. And when you happen to respond to their adverts, they'll take you around to see some supposedly houses for sale without the actual owners of the said houses knowing that their houses are being used as bait by these property fraud-stars in order to trick and swindle people out of their hard earned money.   

What normally happens is that once you respond to their advert concerning the house/s they have listed for sale in the daily newspapers or anywhere else, they'll then set up an appointment with you to physically view the said house you're interested in as per normal business practice. And on the material day in question of viewing the said house for sale, they'll take you almost near a certain particular house and then show you the house at a distance. These fraud-stars normally work in a group of say three to four people. Each one of them has a role to play in the scheme. Their chief aim being to convince you in buying into their pre-planned operation whether for selling real property or otherwise. But they normally use real estate as a basis for conning people. And they usually do this without the legal owner of the house knowing what is going on as earlier on alluded to.

So, what happens is that when you reach closer but not necessarily at the subject house in question they've earmarked for using to con you, another member of the group who knows the whole operation will normally come and join them in your presence. This person sometimes comes in and introduces a totally different story unrelated to the sale of real property and brings in the business of precious stones such as diamonds or emeralds. And together they try to involve you in the said business of precious stones by asking if you could be interested in the same.  And if you seem gullible, one of them will suggest that you contribute a little something towards the same business. And if you do, that will be the end of your hard earned money never to recover it unless assisted by the police of course! Why? Because if you do give them that money, that will be the last time you'll ever see and hear from them.   

Therefore, if you happen to respond to a real property advert in the newspaper or indeed anywhere else where real properties are being advertised and on the material day of viewing the said house for sale you find yourself discussing issues unrelated to your main objective, then PLEASE KNOW that you're dealing with Conmen! Find a way to get away from them or simply drive off to the nearest police station and report such characters! Otherwise you run the risk of being swindled out of your own hard earned cash!

So, be careful and exercise maximum restraint when dealing with people on the Internet as well as those that advertise their real properties for sale in the print media. You'll never know when you're dealing with fraud-Stars until you take the time to study and comprehend their characteristics and habits. Try to find out who they really are, what exactly they do for their living if they profess to be owners of the subject property you're interested in, why they are selling the said piece of property and if their are any valid documents such as title deeds and verify these things by visiting the concerned land authorities such as the Ministry of Lands or the Local Council in your area before you produce any monies to such individuals. Take that extra caution to make sure you're NOT dealing with a conspiracy of some sort.

If you wish to know how to spot Internet Fraud-Stars and their characteristics, here are just a few pointers to help you identify them before you get swindled. These were adopted from one of Google's Help or Support Pages. Check them below:

  • Content that's usually associated with spam such as Mature Content and "Get Rich Quick" Schemes,
  • Messages that falsely appear to be a "bounced message" response (a system-generated email that you might automatically get after sending a message that can't be delivered such as a message sent to an invalid email address),
  • Messages sent from accounts or IP addresses that have sent other spam messages,
  • Behavior of other fellow email users, such as many people reporting spam from a particular sender or set of senders,
  • Similarity to other spam or phishing messages based on a combination of things like subject matter, elements like spelling and formatting, and suspicious attachments
  • A difference between your email service provider's language preference and the language used in the message,
  • Someone sending you an unsolicited email wanting you to help them transfer some money from a foreign bank account into your local bank account and promising to pay you a cut or little percentage from the same for helping him or her do just that,
  • Someone anonymously asking for your personally identifying information via email,
  • etc.

What You Need To Know:

It's important to be on the ALERT for Phishing Scams, that is to say, messages that try to trick you into sharing your personal information like your passwords or credit card details. Deal ONLY with people you know and trust and have had some personal and business relationship with for sometime. And for any such suspicious messages you receive, its highly recommended that you avoid clicking links or any attachments in these messages and do not reply to them if possible! Moreover, these Fraud-Stars can hack into the email accounts of people you may be having a relationship with and send email messages from that account to appear as though it were the person you know and trust who sent that particular email message when infact not!

Therefore, apply due diligence and care when dealing with people of all kinds, whether on the Internet or in the real world. This way you insulate yourself against being defrauded out of your own hard earned money.

So, until next time, go well in your real estate purchasing and investment endeavors.

NOTE: Want To Buy, Sell, Rent, or Simply Rent Out A Piece Of Real Property? Then Click On The Highligted Words Right In This Very Sentence For Details.

I love to hear your comments. Both positive and negative ones are all welcome. So, go right ahead and drop a comment below.

4 Comments

How To Sell Your Own House FAST

11/3/2013

3 Comments

 
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What do You do as an Individual Seller of Your own House when You find Yourself in a Pinch and in Terrible Need of Fast Cash due to Unforeseen Circumstances and/or Personal Problems?

Well, dear Home Seller or Estate Agent, selling one's house or real property as fast as possible can be such a great challenge indeed. Selling real property in today's competitive real estate market entails having a competitive edge over your competition to enable you stand out from the crowd. With the market conditions currently favoring buyers, sellers and their estate agents will need to be willing to negotiate when it comes to the selling price, terms and conditions.

WHAT EXACTLY THEN DOES THIS MEAN?

Well, what I mean by this is that sellers and their estate agents will need to be willing to negotiate with the prospective and distinctive buyers of their property in five (5) major areas as well as make a graphic differentiation between the types of buyers they are attempting to target in order to market and/or sell their properties in the most appropriate manner.

You see, dear Home Seller or Estate Agent, establishing the type of buyer you wish to target first will greatly help you as a seller of your own home to come up with a buyer's profile, needs, wants, tastes and/or selection criteria as well as how best this type of buyer should be best approached from his or her own stand point in order for you to sell that house as fast as possible!

It is therefore crucially important to remember that distinctive features and styles of different houses will appeal to different types of buyers according to their own distinctive tastes and the types of houses they are currently searching for with a view to buying them.

Generally speaking, real estate property buyers can be divided into four (4) main different categories of buyer types. And these 4 different types of real estate buyers can each be uniquely marketed to and have each one of them buy the houses of their dreams according to their own special needs and wants and eventually make you the seller dispose off your property in record time.

Put in other words, each one of these 4 main different categories of real estate buyers can best be sold to differently using different selling strategies that are both attractive and appropriate to each one of them!

However, before discussing the 4 main different categories of these real estate buyers and how they can best be sold to as quickly as possible, it is therefore crucially important to first of all discuss the five (5) major areas of successful real estate negotiations that will likely entice each one of these 4 distinctive buyers to buy property quickly.

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Know the One Single Home Selling Strategy that you can apply right NOW to help You sell Your Own House As Fast As Possible and As Guaranteed As Ever and Ensure That You Sell That House No Matter What Happens and Still Get Your Full Home Price,

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Learn The Eight (8) Deadly Mistakes Home Sellers Make When Selling Their Own Houses ;  Knowing These 8 Deadly Mistakes In Advance Could Save You Tonnes of Cash As Well As Help You Sell Your Own House As Fast As Possible When Rectified,

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Know One Critically Important Factor You Must Take Into Account Before Pricing Your Real Properties You Intend To Sell. Infant, You Must Never Price Your Properties Before You Get To Know About This!. And Guess What, This Critically Important Factor Is NOT This -> Cost, Valuation Reports Or Anything Like That! NO. Its Something You Need To Discover To Know It!   

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TAKE NOTE OF THIS =>: If clicking on the following Special "G-How To Sell Your Own House FAST" Order Button below displays a message like this one -> "Sorry, This Item Is Not Available In Your Location", then PLEASE use the other two (2) alternative payment methods mentioned below this very Special Order Button below. Otherwise, this Item or rather this very Special Online Report is readily available as long as Your payment is accepted and received!!


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How To Sell Your Own House FAST
IMPORTANT NOTICE: If entering Your Credit Card/Debit Card details in the Payment Form Section on the Secure Order Web-Page makes You develop Cold Feet for the time being, Then You're totally FREE to use the Airtel and MTN Money system of payment. If You happen to use this system of payment, then please remember to SMS me Your Name, Valid Email Address, Cell-phone Number and the Amount Paid. Use the following Cell-phone Numbers for Your payment via this system: +260 977 805045 or +260 966 388525. And Once Your payment is received, I'll immediately send You a link to a secure and password protected webpage together with the password via the Email Address You provide to enable You have Instant Access to this very Online Special Report.

Or, alternatively, You may choose to pay using the following Bank Account. See details below:

Bank Name          :       Zambia National Commercial Bank Limited (ZANACO)
Branch Name       :       Twin-Palms Shopping Mall Branch, Lusaka, Zambia
Account Name     :       David Kapalu
Account Number  :     0577439100113
Swift Code              :      ZN CO ZMLU
Sort Code                :      073
Please immediately after making the payment, remember also to SMS Your Name, Valid Email Address, Cell-phone Number and the Amount Paid to one of these Cell-Numbers here ->: +260 977 805045 or +260 966 388525


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3 Comments

Deadly Mistake No. 7 People Make When Buying Real Estate

11/2/2013

6 Comments

 
The last but not the least deadly mistake people commit when buying and/or investing in real property is Deadly Mistake No. 7. This particular deadly mistake is actually committed by the majority of the people especially those buying or paying for real property in installments. WHY? Because of ignorance in such matters. Period!

And this is the very reason why people MUST deliberately take their time to educate themselves in such matters to avoid falling prey to such blunders.

One does not need to posses a PHD in such matters in order to know these things but just some basic knowledge and understanding. That's all.  WHY? Because such knowledge and understanding can save one a hell lot of money and infinite headaches!


WHAT THEN EXACTLY IS THIS VERY DEADLY MISTAKE NO. 7 I'M TALKING ABOUT?

Well, dear blog reader and real estate investor, it is simply this :
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NOT PLACING THE DEED OF RE-CONVEYANCE IN ESCROW!

"WHAT EXACTLY THEN IS MEANT BY THIS", YOU MIGHT ASK?

Well, in order to understand what is meant by this very deadly mistake, we need to first of all look at the words used in the particular mistake mentioned above.
The first word we need to look at and understand is the word "DEED". This word in real estate circles means a document that transfers ownership of real property.
The second word is the word "RE-CONVEYANCE". This word means to re-transfer ownership of real property from one person (entity) to another.
And the last word we need to look at and understand is the word "ESCROW". This word means the depositing of funds and other relevant real estate documents with a neutral third party together with instructions on how to conduct the closing of the real estate deal especially where the buyer is paying by way of installments. This neutral third party (a person or corporate entity) that holds these funds and documents is known as an Escrow Agent or a Conveyance r as in the case of our local Zambian setup. He (Escrow Agent or Conveyance r) is normally a disinterested third party in the deal at hand who prepares and keeps these relevant documents along with the monies deposited by the buyer and spearheads the buying, selling and transfer of the real property in question until the whole deal is concluded. This escrow agent can be a real estate consultant, the department of a financial institution, a legal person such as a lawyer, a title research company, or some other organization established for that purpose and which happens to posses  expertise in real estate document preparation. The escrow agent's neutral nature guarantees that all your interests as a buyer as well as as a seller are taken care of without any favoritism whatsoever!

Therefore, it's ALWAYS a wise idea to engage the services of an escrow agent or Conveyance r even when you're buying real property from your father-in-law!
Thus deadly mistake no. 7 which is : NOT PLACING THE DEED OF RE-CONVEYANCE IN ESCROW simply means - a legal instrument or document written and signed by the seller that releases all lien interest in the subject property being sold and re-transfers a seller's property from him/her to the buyer upon completion of the full payment of a previously agreed upon valuable consideration and normally should be placed in escrow but happens NOT to be done so. This normally happens due to the ignorance of the buyer.
And if you're a seller, make sure also to make the buyer sign what is known as a "QUITCLAIM DEED" and have him/her place it in escrow as well to protect your interests. A Quitclaim Deed is a legal instrument or document written and signed by the buyer for the seller so that should the buyer breach the real estate purchase contract, then the buyer stands to indemnify the seller for loss of time, money and indeed anything else related to the deal at hand. It is also normally placed in escrow as security to compel the buyer abide by the terms and conditions of deal so that in the event that the buyer fails to honor his obligations under the contract, then the seller shall be free to take back his property together with any other deposit monies the buyer could have made!

This therefore concludes our series of the 7 deadly mistakes people make when buying real property. Hope this has been of great help to you.

Just in case you may not have read the previous 6 deadly mistakes, well, read about them HERE starting with the very first one HERE.

Recommended further reading on buying real property in the Republic of Zambia as well as the procedures and requirements to be followed and adhered to, is found HERE! Please check it out and read it for Yourself. You'll be happy that You did!!

I love to hear your comments. Both positive and negative ones are all welcome. Besides you're also totally FREE to share this very blog post with your friends and other people you know by hitting the "LIKE" or "SHARE" button below.

Therefore, go right ahead and drop a comment below as well as hitting the "LIKE" or "SHARE" button.

P.S: Looking for Real Estate Property to Buy, Sell, or Rent
? Then click on the highlighted words right in this very sentence.
6 Comments

Deadly Mistake No. 6 People Make When Buying Real Estate

12/1/2013

0 Comments

 
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Deadly Mistake No. 6 is equally one of the commonest blunders would be purchasers of real property commit. In fact this deadly mistake is committed by most people. WHY? Because it never really occurs to them until it's too late.

WHAT EXACTLY THEN IS THIS VERY DEADLY MISTAKE NO. 6 I'M TALKING ABOUT?

Well, dear blog reader and real estate investor, this deadly mistake is simply this:

THE REAL ESTATE PURCHASE CONTRACT NOT PROPERLY REFLECTING PRORATION OF ALL THE NEGOTIATED ITEMS!

WHAT IS MEAN'T BY THIS?

Well, first things first. In order to understand what is mean't by the above mentioned preceding deadly mistake, let us start by looking at the word "PRORATION".

The word "PRORATION" comes from the word "PRORATE". What then does this very word "PRORATE" mean in real estate circles? Well, it simply means to divide income and expenses between the seller and buyer according to mutually agreed and accepted terms. This is normally done prior to signing the purchase agreement and then eventually reducing the same into writing and having both parties appending their signatures to the same. This is so in order to avoid any unnecessary surprises in the near future after the deal is sealed and concluded especially on the party of the buyer.


WHAT THEN ARE SOME OF THE ITEMS THAT NEED TO BE PROPERLY PRORATED AND THEN EVENTUALLY REFLECTED IN THE PURCHASE CONTRACT?

Well, the items that need to be properly prorated and then eventually reflected in the purchase agreement include but are not limited to the following:
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i. Property Taxes Such As Land Rates

For instance, if the seller of the property in question hasn't been paying these statutory obligations of land rates and they happen to accumulate to certain uncontrollable and unmanageable levels, you - the buyer - could find yourself in serious problems. You may loose your investment via what is known as a Tax Sale. And your investment efforts would have been in vain.

So, always make it a point to verify if the property in question is up to date in terms of land taxes so as to enable you properly prorate such an item before you conclude the deal thereby avoiding the inconvinience that go with this. You could also use this to help you negotiate a lower price in direct proportion to the amount of unpaid taxes.

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ii. Utility Bills Such As Water, Electricity and/or Service for Garbage Collection

For instance, I personally know of a certain man in Ndola Town namely a Mr. Mukuka who bought a house from some seller whose house had an accumulated water bill of up to K1,400,000=00 / KR1,400=00. Mr. Mukuka, a retiree and someone who has not been educated in such real estate matters, got excited with the prospect of owning his own home and went ahead to consumate the deal. He paid the seller for the subject house in full. But later on when he was attempting to change the billing details with the water utility company to reflect his names, he discovered that there was a huge water bill to the tune of the amount stated above. However, when he tried to talk to the previous owner about this, the man simply told him that it was already too late. He had already used the money and besides the man told him that this wasn't part of the purchase agreement even though he had prior knowledge of the same before selling the house to Mr. Mukuka. And Mr. Mukuka couldn't do anything because he was the new owner of the house and had no choice but to foot the said water bill lest the water service be disconnected. If Mr. Mukuka on the other hand had taken his time to verify such issues, he would have discovered this and used that information to his advantage to negotiate a lower price in direct proportion to the amount of the water bill unpaid.

Therefore, in order to avoid finding yourself in such situations, always verify these things before you consumate and conclude your deals!

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iii. Rental Fees and Security Deposits If Your Particular Deal Involves Rental Property

When dealing in income generating real estate such as rental property, whether commercial or residential, always make it a point to find out if their was any advance rental fees and security deposits paid by the sitting tenants. WHY? Because these monies paid in advance by the tenants may be required to be paid back to the tenants should they decide to vacate the said premises in question due to unforeseen circumstances beyond their control and yours. And if you did not properly prorate such items in your real estate purchase contract, you could find yourself in serious refund liquidity problems and therefore be held liable to pay back such monies for being the owner of the property in question.

So, to avoid falling prey to such hiccups or problems, always verify these things before you consumate and conclude your deals!

And besides, it gives you the advantage of reducing the selling price by the same amount involved thereby enabling you to purchase the said property in question at a favorable price. I talk about such techniques or strategies in details in a certain e-course called "How To Buy Real Estate Using Little or Non of Your Own Money at All" -> HERE! This e-course is worth $20 (K100,000 / KR100). So, check it out HERE! It's still very FREE at the moment. But in due course I plan to offer it on a cash subscription basis. So, take advantage of it NOW while it's still very free!!

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iv. Any Other Items That Need To Be Properly Prorated Before Hand


There are other items not mentioned above that you as a buyer can determine and then decide to properly prorate them before hand. This is very important to you just as you've read above. It helps to protect your interests should their be any deliberate misrepresentation on the part of the seller. If you properly prorate them in advance and then reduce them into writing and include them in your real estate purchase contract, it will enable you to repudiate the contract should you discover otherwise later on.

Therefore, always take this into consideration whenever you make up your mind and decide to purchase a particular piece of real property! It will save you many years of living in regret.

Hope this has been of help to you.

NOTE: Read Deadly Mistake No. 7 ->HERE!

I love to hear your comments. Both positive and negative ones are all welcome. Besides you're also totally FREE to share this very blog post with your friends and other people you know by hitting the "LIKE" or "SHARE" button below.

Therefore, go right ahead and drop a comment below as well as hitting the "LIKE" or "SHARE" button.

P.S: Looking for Real Estate Property to Buy, Sell, or Rent? Then click on the highlighted words right in this very sentence.

0 Comments

Deadly Mistake No. 5 People Make When Buying Real Estate

8/12/2012

1 Comment

 
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Deadly Mistake No. 5 isn’t so much of an issue for most people wishing to buy or invest in real property.  Infant, this mistake is rarely committed by most people.

WHY? Because the majority of Would- Be- Purchasers of real property normally and always try by all means possible NOT to commit this kind of mistake. WHY? Because it almost happens naturally when a person finally decides to purchase real property.

However, there are a few isolated cases where some Would – Be – Purchasers of real property negligently commit this very deadly mistake due perhaps to the sweet- talk of the Con-seller including some unscrupulous real estate agents representing the seller!

BUT WHY WOULD SOME SELLERS AND THEIR AGENTS DO THIS?


Well, there is nothing more than to make some quick bucks and then disappear before -YOU- the buyer actually has the time to discover for Yourself.  

It is therefore the purpose of this very blog post today to help remind the not so shrewd real estate buyer and/or investor to take that extra caution when he or she decides to buy or invest in that piece of real property.

WHAT EXACTLY THEN IS THIS DEADLY MISTAKE No. 5 PEOPLE MAKE WHEN BUYING REAL PROPERTY?

Well, dear blog reader and real estate investor, the particular deadly mistake I’m talking about is this:

 CLOSING OF THE SALE OR DEAL TAKING PLACE DEVOID OF A PROPER TITLE SEARCH!

You see, when you make up your mind to buy a piece of real property, you MUST by all means possible make sure that You DELAY the closing of the sale or deal until you have exhausted and reviewed all the necessary property information such as the property description, the name of the owner/s, whether there is a caveat (Legal Warning Not To Sell To Anyone - Placed By An Interested Party Due To Various Reasons) placed on the said property in question or not, etc including all unpaid expenses such as land rates, water bills, electricity bills, garbage collection bills and indeed any other encumbrances placed on the property to avoid any rude shocks later on. Moreover, the Title Deed MUST also be the right one - properly reflecting the correct details of the Owner/s including the property itself and NOT a forged document.

HOW DO YOU TELL WHETHER THE DOCUMENT YOU’RE LOOKING AT IS A GENUINE ONE OR NOT?

Well, by VERIFICATION of course, through the relevant government agencies such as the Local Authorities like the Local Councils and the Ministry of Lands! These agencies keep a record of all the properties in the country. You can do yourself some great justice and favor by Verifying the documents of a piece of real property before you Cash in on it!

And if you’re trying to buy income generating real estate such as rental property whether commercial or residential, You MUST also take the time to review the incomes disclosed to you during the purchase process as well as the occupancy/vacancy rates or ratios in order to prove for yourself whether the figures suggested to you are correct or closer to the suggested figures or not.

Well, dear blog reader, I hope you’ve gotten something of value out of this very blog post today. So, go well in your real estate searching endeavors.

NOTE: Read Deadly Mistake No. 6 -> HERE


I love to hear your comments. Both positive and negative ones are all welcome.

Therefore, go right ahead and drop a comment below.

P.S: Looking for Real Estate Property to Buy, Sell, or Rent? Then click on the highlighted words right in this very sentence to have a look.



1 Comment

Deadly Mistake No. 4 People Make When Buying Real Estate

28/10/2012

2 Comments

 
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This 4-Bedroomed House Is Actually On Sale. Click Image For Details!
Deadly Mistake No. 4 is another common mistake people make when buying real property. In fact, in Africa, this mistake is rarely committed. WHY? Not because the majority of the people in Africa are aware of it BUT because most of them are NOT educated enough in real estate matters.

However, in the western world such as the United States of America and part of Europe, most people there take the initiative of deliberately and intentionally educating themselves in such matters with a view to enhancing and expanding their individual real estate investment portfolios. WHY? Because many of them have realized that an Educated Mind is an Enlightened Mind and therefore helps reduce the levels of loss or risks associated with investing through proper and informed decision making processes!

Of the many that have taken deliberate steps to educate themselves in matters of real estate investing, some of them for one reason or another have ended up committing Deadly Mistake No. 4 I'm discussing today. And I'm NOT in any way suggesting that my fellow African brothers and sisters are not educated enough but simply stating the fact that this deadly mistake no. 4 is rarely committed by them BUT commonly committed by our learned western world brothers and sisters who have taken the time to learn these things and due to one reason or another, have found themselves committing today's deadly mistake.

WHAT THEN IS THIS DEADLY MISTAKE NO. 4 I'M TALKING ABOUT?

Well, the particular deadly mistake no. 4 I'm talking about is simply this :

Financing Agreement Not Containing Non-Recourse or Exculpatory Clauses!

WHAT EXACTLY DO I REALLY MEAN BY THIS?


You see, dear blog reader, when it comes to buying real estate, most people do not KNOW that they could actually purchase real property by turning the seller into a Lender and therefore buy the property from him! In other words, you could obtain what is known in real estate matters as "Seller Financing". This, like I earlier on alluded to, can enable you - the buyer - to agree with the seller and turn him or her into a long term lender say twenty years and then pay for the property using monthly payments until the whole amount agreed upon by both parties is fully paid.

This arrangement is good for both the seller and buyer.

It is good for the seller who finds himself or herself in a pinch and badly needs cash to help him or her sort out some immediate personal and family problems. Instead of the seller selling his property for a full upfront cash payment which normally takes time, he or she can sell his property via what is known as 'Seller Financing' and allow the buyer to pay for the property in question through monthly payments at a good rate of return for say a twenty year period. And besides, it provides the seller with some Passive Income for the period of the loan until the full amount is fully settled. This strategy is best suited for a seller who owns a number of real properties and therefore wishes to convert one or two of them into passive income via intelligently calculated and reasonable monthly payments over a period of time in order to avoid the daily encumbrances associated with tenant/lord relationships!

This strategy is good for the buyer in the sense that it enables him or her to buy the property of his or her dreams affordably without having or possessing colossal sums of money. With just a small amount of cash or anything in kind used in lieu of cash, a buyer can own property whilst still paying for it. And if the buyer wants, he could easily rent it out so it can help him or her pay for itself!

Such a technique of acquiring real property is known as a "Creative Finance Technique". I talk about this very technique in detail including many others HERE. So, if it's your desire to learn more of such creative finance techniques, then please click HERE to have access for FREE to such detailed information!

Therefore, when I talk of committing deadly mistake no. 4 which is "Financing Agreement Not Containing Any Non-Recourse or Exculpatory Clauses", I mean and refer it to a real estate deal structured with a Seller Financing Agreement in place. It is in such an agreement where you - the buyer - MUST be very careful.

In such kinds of Purchase and Financial Agreements, you must make sure that as a buyer, you incorporate in such agreements what are known as "Non-Recourse or Exculpatory Clauses". WHY? Because  these limit or reduce your loss via foreclosure to the property or asset pledged as security (Your Collateral). Moreover, such clauses also enable you - the buyer - to back out of the deal or contract should there be some misrepresentation or problem of some kind in the near future whilst performing and fulfilling the terms of the agreement.

However, it may NOT be possible to secure this kind of an agreement when negotiating a loan with a bank or any financial lending institution, but it must be a part of any agreement that specifies an Owner Financed Deal.

Therefore, as you've probably read and seen for yourself, very few people KNOW these THINGS and you'll DO yourself a GREAT favor by Learning and Knowing about these Things HERE and so avoid this very deadly mistake no. 4 discussed herein today including the past ones!

So, dear blog reader, the next time you go out and settle for a certain piece of real property, you MUST ALWAYS make sure that you avoid committing this particular deadly mistake discussed herein including the previously discussed ones as well as the upcoming ones to be discussed later right here on this very property blog.

So, until next time, go well in your real estate searching endeavors!

NOTE: Read Deadly Mistake No. 5 -> HERE

I love to hear your comments. Both positive and negative ones are all welcome.

Therefore, go right ahead and drop a comment below.

P.S: Looking for Real Estate Property to Buy, Sell, or Rent? Then click on the highlighted words right in this very sentence to have a look.

2 Comments

Deadly Mistake No. 3 People Make When Buying Real Estate

11/9/2012

3 Comments

 
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"It's My Prayer I Don't Commit This Deadly Mistake When Buying This Property" - John Mweemba.
Deadly Mistake No. 3 is one of the 7 Commonest Mistakes or Sins most buyers of real estate commit. Not only is this mistake committed by buyers, but it is also equally committed by Would - be - Tenants or Renters of real property especially Commercial Properties.

In fact, for most people, it never really occurs to them that this should or rather this MUST ALWAYS be the case when they decide to purchase the property of their dreams! They get carried away by the excitement of the moment i.e owning the property of their dreams. So, they indifferently and negligently commit this very deadly mistake which in the long term and in most cases turn out to work to their detriment

THEREFORE, WHAT THEN IS THIS VERY DEADLY MISTAKE NUMBER 3 MOST PEOPLE COMMIT WHEN PURCHASING REAL ESTATE?

Well, dear real estate investor, the particular deadly mistake you may have been committing unconsciously is simply this:

NOT HAVING A QUALIFIED AND INDEPENDENT NEUTRAL THIRD PARTY HANDLING & WITNESSING THE CLOSE OF YOUR REAL ESTATE DEAL!

WHAT THEN IS EXACTLY MEANT BY THIS?

Well, perhaps the following little scenario will help drive the whole point home. When John Mweemba, my traditional cousin, decided to purchase his dream house, he told the seller of his intentions. The seller, as usual, had already prepared an Offer - To - Sale Agreement in advance with his best interests taken care of, making the buyer indifferently and negligently commit deadly mistake no. 1 previously discussed in one of the previous blog posts. And at the time of closing the deal, the seller invited his brother, an accountant by profession, to witness the close of the deal. The deal went ahead and John Mweemba paid the seller for the property in question in the presence of the seller's brother. All the three of them signed the Sale Agreement and John Mweema left as the new owner of the house in question.

WHAT MISTAKE/S DID JOHN MWEEMBA COMMIT?

Well, John Mweemba committed several mistakes in the above narrated little story ; some of which we are yet to discuss in the upcoming blog posts. The particular mistake John Mweemba has committed at stake is Deadly Mistake No. 3 we're discussing today!

You see, the seller's brother although an accountant by profession, did NOT qualify to be an "Independent and Qualified Neutral Third Party" to handle, close and witness John Mweemba's real estate deal. John Mweemba, by allowing the seller's brother to be the closing agent, forfeited the Qualified Nature of his real estate deal should any problems arise out of this very sale.

Therefore, in your quest to buy and/or rent the property of your dreams especially commercial properties, you MUST ALWAYS make it a point to ensure that you have a Qualified and Independent Neutral Third Party to handle, close and witness your deals to avoid any potential problems in the near future.

In John Mweemba's case above, an accountant is not a qualified real estate closing agent. Although a professional, an accountant is not held to be a qualified closing agent when it comes to real estate matters.

THE QUESTION YOU MAY BE ASKING YOURSELF RIGHT NOW IS, "WHO THEN QUALIFIES TO BE CALLED A QUALIFIED AND INDEPENDENT NEUTRAL THIRD PARTY?

Well, dear real estate investor, your guess is my guess! There are quite a number of professional people who pass the test of being called "Qualifed and Independent Neutral Third Parties". These include but are not limited to the following class of professionals, that is to say, Lawyers, Escro Closing Agents, Real Estate Professionals or Agents and/or Archtects!

Therefore, dear real estate investor, the two most important words you must ALWAYS look out for when closing your real estate deals are "Qualified" and "Independent". If you indifferently and negligently allow a real estate deal to take place devoid of these two necessary ingredients, then you are teetering on a tightrope over an investment catastrophe! When John Mweemba, above, permitted the seller's accountant and brother to witness and close the sale, he outrightly broke the requirement for an independent and qualified real estate relationship between himself and the seller. When the seller used his brother and accountant to close the real estate deal instead of either using a professional real estate agent, escro agent, or a legal officer, he forfeited the qualified nature of the deal.

Truthfully speaking, an accountant is a professional but accountants are NOT usually considered to be qualified real estate closing agents!

So, dear blog reader, the next time you go out and settle for a certain piece of real property, You MUST ALWAYS make sure that you avoid committing this particular deadly mistake discussed herein including the previously discussed ones as well as the upcoming ones to be discussed later right here on this very property blog.

So, until next time, go well in your real estate searching endeavors!

NOTE: Read Deadly Mistake No. 4 -> HERE


I love to hear your comments. Both positive and negative ones are all welcome. Therefore, go right ahead and drop a comment below.

P.S: Looking for Real Estate Property to Buy, Sell, or Rent? Then click on the highlighted words right in this very sentence.

3 Comments

Deadly Mistake No. 2 People Make When Buying Real Estate

24/7/2012

0 Comments

 
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"What the Hell made me forget that Important Term and Condition in the Purchase Agreement" - John Mweemba.
The Second Major Deadly Mistake people make when purchasing real property is this:

THE REAL ESTATE PURCHASE CONTRACT (or OFFER-TO-PURCHASE) NOT INCLUDING REFERENCE TO ALL THE NEGOTIATED TERMS AND CONDITIONS

You see, dear potential real estate investor, when negotiating the contents or terms of your purchase agreement with the seller, you MUST make it a point to include and document ALL the Terms and Conditions you mutually and finally agree on with him.

"BUT WHY MUST THIS BE SO?" YOU MIGHT ASK!

Well, because problems or challenges ALMOST ALWAYS result from purchase agreements that imply, but do NOT state specifically, the EXACT Terms and Conditions previously agreed upon by the parties.

WHAT THEN ARE SOME OF THESE IMPORTANT TERMS AND CONDITIONS TO BE DOCUMENTED?

Well, the following is just a summary of some of the important terms and conditions to be negotiated on and documented. These include but are not limited to having or negotiating a proper closing date to give you enough breathing room and maneuverability, the payment of proration items such as unpaid land rates, property taxes, outstanding utility bills, closing costs etc.

Other important terms to be negotiated, agreed upon and documented are : engaging the services of an independent closing agent such as an Escro Agent, proper  financing agreements with the seller if any, as well as any term and condition worthy noting down.

Therefore, as a real estate investor, you must make sure that you exhibit professionalism in your real estate dealings by documenting every term and condition you ultimately agree on with a respective seller. If you don't do this, then you stand or risk loosing big time because of certain omissions in the purchase agreement you could have easily addressed prior to signing the contract.

So, the next time you settle to buy a certain piece of real property, You must make sure that you avoid this deadly mistake no. 2 discussed herein as well as Deadly Mistake No. 1 discussed in the previous blog post.

So, until next time, go well in your real estate searching endeavors.

NOTE: Read Deadly Mistake No. 3 -> HERE

I love to hear your comments. Both positive and negative ones are all welcome. Therefore, go right ahead and drop a comment below.

P.S: Looking for Real Estate Property to Buy, Sell, or Rent? Then click on the highlighted words right in this very sentence to have a look.

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7 Deadly Mistakes People Make When Buying Real Estate

17/7/2012

18 Comments

 
PictureI never knew I was supposed to draft that Crucial Document!
There are approximately 7 Major Deadly Mistakes or Sins people commit when buying real estate. These Mistakes or Sins as I like to call them are committed by many people especially beginning real estate investors.

You see, dear blog reader, if you want to conquer an enemy, there are three things you must know and master regarding your enemy before you can actually wedge war against him or her successfully. These three things are:


1. You Must Know Your Enemy's Name,

2. You Must Know Your Enemy's Characteristics or Habits,

3. You Must Know Your Enemy's Place of Abode!

When you happen to know these three things mentioned above, it will then enable you to come up with a strategic game plan for Success to fight your enemy strategically rather than randomly or winning by chance.

The same is true when it comes to real estate investing! You must be in a position to know in advance the blunders that most people make so you can protect yourself when you come across seasoned real property dealers and/or sellers who might intentionally want to take advantage of you because of your lack of expertise and experience in real estate matters.

WHAT THEN ARE THE 7 MAJOR DEADLY MISTAKES PEOPLE MAKE WHEN BUYING AND/OR INVESTING IN REAL ESTATE?

Well, today we start by discussing the First Deadly Sin or Mistake people make when purchasing real property and is as follows:

DEADLY MISTAKE NO. 1 : OFFER TO PURCHASE or (CONTRACT OF SALE) WRITTEN BY SELLER INSTEAD OF BUYER

You see, dear real estate investor, when buying ANY piece of real estate property, You as a Buyer MUST be the one WRITING the Offer-To-Purchase or rather the Contract of Sale and NOT the other way round!

You Must Never Let The Seller Draft The Purchase Contract On Your Behalf!

WHY?


Because the Seller will never include anything in the Purchase Contract he thinks might be to his detriment such as the proper proration of expenses like unpaid land rates, unpaid electricity bills, unpaid water bills, unpaid cabbage collection bills etc on the property in question!


He will only include those things, terms and conditions he thinks are for his betterment! Period.

Therefore, it is incumbent upon you as a buyer to draft this Offer-To-Purchase or Contract of Sale in order to serve your own interests. WHY? Because you're the one producing the CASH or MONEY. Full Stop!

"WHY MUST  I BE THE ONE WRITING THIS OFFER TO PURCHASE OR CONTRACT OF SALE
INSTEAD OF THE SELLER", YOU MIGHT ASK?


Well, here are Six (6) Good Reasons why you must be the one doing this activity
instead of the seller. Read below:

1.
The Greatest Secret To Getting Your Real Estate Investment Deals Done & Accepted FAST By The Distinguished Real Property Sellers Is To Draft The Offers Yourself, Put Them In Written Form and Then Present Them To The Sellers As Quickly As Possible Without Any Delays Whatsoever

The Greatest SECRET to having Your own Highly Coveted Real Estate Investment Deals and/or Purchases go through VERY FAST when negotiating with the various Real Property Sellers is to Use and Apply this One and little known Powerful and Persuasive Negotiating Tool known as 'The Written Offer To Purchase and/or Contract Of Sale and NOT using Mere Oral Agreement Offers only'.

2.
PRACTICE AND PERFECT

The process of drafting and presenting Written Offers To Purchase or Contracts of Sales to the various Property Sellers is to the Real Estate Investor what the "Internship" is to the Medical Field. Writing Written Offers is the "Clinical" part of a Real Estate Investor's training that will lead YOU to Greater Success in Your own Deals very FAST. There is no excellent way of comprehending the basics of real estate investing than to learn to write plenty Written Offers especially under the guidance of more experienced real estate investment mentors and/or professionals who can coach you forward.

3.
POWERFUL AND PERSUASIVE NEGOTIATING INSTRUMENT

A Written Offer To Purchase and/or Contract of Sale used correctly, can be one of your MOST Powerful and Persuasive Negotiating Instruments in your own arsenal of negotiating tools! The Written Offer normally starts the SERIOUS negotiating process and might have to go through several discussions before all the concerned parties append their signatures to the final terms and conditions.

4.
SPECIFIC PERFORMANCE

A Written Offer To Purchase and/or Contract of Sale once signed by all the concerned parties to the deal, serves to open up "Escrow" and immediately begins the clock ticking unavoidably towards the completion of the whole real estate deal. Therefore, it becomes the Main Reason for getting the whole deal completed. So, if the other party decides to back out of the deal for whatever reasons once the Written Offer is signed, the other party can sue for Specific Performance to compel the breaching party to have the deal Specifically Performed and/or Adhered to according to the agreed terms and conditions.

On the contrary, if things were left to Mere ORAL AGREEMENTS only, then most real estate deals would never get to the completion and fruition stage!

5.
PROTECTION

The Written Offer To Purchase and/or Contract of Sale holds and keeps in a Legally Binding Manner what you and the seller have mutually agreed to and therefore serves as the BASIS for securing mutually acceptable results. The Written Offer also epitomizes for you the wisdom of many previous real estate deals done before you and thus serves as the accumulation of dozens of crucial clauses or terms and conditions that have been carefully and critically thought of precisely to address difficulties experienced in the past to thwart your going through the same mistakes that other less shrewd investors suffered. It also Protects and/ or Safeguards both your interests and that of your Assigns in the event of the unknown happening including the interests of the seller and his or her Assigns as well!

6.
VALUABLE POSSESSION

A Written Offer To Purchase and/or Contract of Sale once signed by all the concerned parties to the deal, and properly and rightly structured, becomes a Lawful Contract or Legally Binding Document which in Itself is a Valuable Asset or Possession to YOU - The BUYER! HOW? Because it is a Possession or Asset You may take to the Market Place and USE it as a REASON for obtaining further FINANCING for Your real estate investment project!

However, You're of course bound by the terms and conditions contained in the Written Offer; BUT in effect it provides You with CONTROL over Valuable Property, and this Control and 'Interest' in the subject property can itself be Assigned to another Person, Sold and/or Traded for another Property with Higher and/or Greater benefits or advantages!

BUT Remember also that the Offer-To-Purchase and/or Contract of Sale you draft as a buyer is subject to review by the seller until you both mutually agree on all the terms and conditions of the contract!

Moreover, My Further Advice Is: You can Secure, Ensure, Enforce, Protect and Safeguard Your Interests and that of Your immediate Assigns in real property investment when You take the time to Learn and Master the Ins and Outs of Real Estate Investing.

And LEARNING and MASTERING how to write Effective Written Offers To Purchase is one such basic rule or principle You cannot afford to Ignore and Master. WHY? Because once You MASTER this basic principle of real estate investing, it will enable You to Secure, Ensure, Enforce, Protect and Safeguard Your Investments once You've bought them and Ensure You earn Significant Real Estate Profits through Proper Negotiations and Documentation via effective Written Offers To Purchase and NOT Mere Oral Agreement Offers only!

If you don't know how to do this, then please engage the services of professional real estate agents or legal officers to help you in this matter. There are so many professional real estate agents out there whose main primary mandate is to help you the client or customer get a good deal without suffering any headaches whatsoever afterwards.

NOTE: Don't Know How To Draft Your Own Legally Binding and/or Professionally Looking Written Offers To Purchase Which You Can Then Later On Use To Help You Get Your Deals Completed very FAST and/or Further Use To Help You Obtain Further FINANCING For Your Own Real Estate Investment Projects? Then Call On David Kapalu Today To Help You In This Matter At A Reasonable Fee!


Call David Kapalu Right NOW For Immediate and Further Assistance on: +260 977 805045 / +260 966 388525 / +260 955 168754.

OR simply email him at: dkapalu@davikrealestate.com indicating your interest in wanting to be assisted in this matter at a reasonable and highly affordable fee.

You'll Be Happy You Did!!!!!!


ATTENTION: FREE Professional Written Offer Strategy Session Consultation! - K150 Value (approximately $30 Value)!

For those people that have realized the importance of understanding the essentials of Written Offers and would like to take their real estate investment efforts to the next level and increase the chances of their Written Offers being accepted very FAST by the distinguished real property sellers, I want to offer something FREE that will help them or the people they care about when it comes to real estate investing so they can achieve that goal more quickly.

I call this something the ‘Professional Written Offer Strategy Session Consultation’. This session is valued at K150 (approximately $30) and I can make it available to only a very limited number of people due to my high busy schedule!

This FREE Strategy Session is ONLY available to people I think QUALIFY for my limited and scarce time due to the reason given in the preceding paragraph.

OTHERWISE, it is NOT available to every Jim and Jack who doesn’t qualify.  

So, for those people that are serious about mastering these fundamentals or basics of real estate investing, I edge them to take advantage of this very free strategy session right away while it lasts before I strike out this one -on -one FREE consultation facility with me.

Therefore, What Are You Supposed To Do Now To QUALIFY For This Very FREE Written Offer Strategy Session?

Well, All you need to do now is simply fill in the comment box below or if you like, email me directly at: dkapalu@davikrealestate.com or  simply Call or Sms me directly on the following mobile lines: +260 977 805045 / +260 966 388525 / +260 955 168754 indicating your interest in this very FREE Written Offer Strategy Session and I’ll be in touch with you about the session to set an appointment for a Qualifying Interview concerning this very Free Offer!

That’s all you’re supposed to do now GRATIS!

In this FREE Written Offer Strategy Session, We Discuss:

  1. Your current or present situation including discussion of the various real estate investment options and other relevant issues unique to you
  2. Your real estate investment goals and vision for your future. Where do you want to be or go with your real estate investment efforts within the next few years?
  3. The problems, difficulties, hiccups, frustrations, disappointments and/or challenges you are facing right now or have already faced in the past in your own real estate investment efforts and what you need to do NOW to overcome these hurdles.
  4. A discussion of next and progressive steps and an action plan to move you towards your real estate investment goals.
  5. Simple and Quick Sources of Funding or Alternative Sources of Funding or Consideration for your own real estate investment efforts.
  6. Some Template or Example Terms and Conditions you can incorporate into your own Written Offers to help you ENTICE the distinguished property sellers of your ideal properties so they can offer you their properties based on your own favorable terms and conditions and NOT theirs!

So, go right ahead and get in touch with me today to see how I may be of help to you in your own real property investment efforts.

Until next time, go well in your real estate searching, buying and investment endeavors. And I only hope you’ve gotten some very useful ideas and insights from this very blog post today that will go a very long way indeed in helping you in your own real estate investments efforts.  

NOTE: You May Read Deadly Mistake No. 2 ->HERE

I love to hear your comments. Both positive and negative ones are all welcome. Therefore, go
right ahead and drop a comment below.

P.S: Looking for Real Estate Property to Buy, Sell, or Rent? Then click on the highlighted words right in this very sentence to have a look.



18 Comments

4 Reasons Why People Fail To Invest In Real Estate Successfully

3/6/2012

1 Comment

 
1 Comment

The "Dyonko" Technique To Help YOU Buy Real Estate Affordably

12/4/2012

0 Comments

 
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Buy Me Please! I'm on Sale Seriously. I'm Valued at ONLY K550 Million. Highly Negotiable!

In my previous blog post, I discussed how You - The Buyer - may purchase real property using very little or none of your own money at all using certain little known secret techniques or strategies.

However, in today's blog post, I thought I should share with you ONLY one of these little known secret techniques as a "Dyonko" or "Sample" to enable you see how these strategies may benefit you in your own real estate investment efforts if and when you decide to apply them as well as consider signing up for the entire E-Course Training Series if you haven't yet done so that is.

The One Technique I wish to share with you today is This -> : Using OPTIONS As A Way To Help YOU Buy Real Estate Affordably!

Now, the question you may be asking yourself right now is, "What Really Is Mean't By The Term 'OPTIONS' As Used In Real Estate Investing And How May You Use And Apply This In Your OWN Real Life Situations?"

Well, dear prospective real estate investor, Options are a special form and group of creative finance strategies or techniques used in the world of real estate investing to enable you - the buyer - have CONTROL of a piece of real property using ONLY very little money down or indeed any other form of consideration such as personal goods like cars for instance, even though PROPER OWNERSHIP of the said piece of property may be months and years away if ever! Note the language used here ; it is about gaining CONTROL and NOT OWNERSHIP for the time being whilst you work your way around to gain Complete PROPER OWNERSHIP of the said property in question within an agreed upon time frame with the seller.

The rationale behind all this is simple. It is simply this : You - the purchaser - buying the option gives the seller a certain SMALL amount of money or indeed any other form of consideration as earlier on alluded to in one of the paragraphs above in exchange for the RIGHT to buy the seller's property at an agreed preset given price within a defined and desired time frame.

BUT, WHAT THEN DO YOU STAND TO BENEFIT AS A BUYER FROM SUCH AN ARRANGEMENT?

Well, dear real estate investor, you as a buyer stands to benefit by locking in the price in advance inspite of appreciation and taking control of the seller's property without putting in a gargantuan cash investment outlay or indeed any other huge form of consideration. This therefore gives you enough breathing space to organize yourself and arrange for more funds from other reasonable sources.

There are about Five (5) distinct variations of the Option Strategy you may use as a buyer and/or seller of real estate.

As a "Dyonko" or "Sample", here is just one of these variations for your personal consumption and eventual assimilation. Read below.

THE LEASE OPTION STRATEGY

The lease option strategy is one of the most common and frequently used Option Strategies used by many shrewd real estate investors - both buyers and sellers - respectively! Buyers who don't have enough funds and sellers who happen to be in great urgent NEED of Cash can use and apply this same strategy in their endeavors.

BUT, HOW DOES THIS STRATEGY OPERATE IN ACTION?

Well, this strategy can be applied by buyers who don't have enough cash or equity. It is a strategy that entails using whatever available equity or consideration one might have at his or her disposal as Option Money whilst at the same time settling for purchase of the said piece of property later on when enough funds have been organized from other sources. If you happen to strike a good deal, the seller may give you complete CONTROL of his property as consideration for your commitment thereby allowing you to earn a little extra income through a Sub-Lease Arrangement. And this extra income you earn through a sub-lease arrangement can be saved and added on top of any other funds you organize to help you finish paying for the property in question within an agreed time frame!

For instance, if you work in a stable company or rather if you own and run your own business and happen to receive a regular and steady flow of income, you may use the Real Estate Purchase Agreement or Contract to enable you source for more funds from either your employers, banks or indeed any other valid and reasonable source of funds to help you finish paying for the said piece of property in question and close the deal within the agreed upon time period.

BUT, WHAT IF YOU'RE A SELLER, HOW DO YOU BENEFIT?

Well, if you happen to be a seller, you benefit by first of all retaining the property as your own until such a time the buyer finishes paying for it. Secondly, you benefit by retaining the tax advantages associated with property ownership whilst at the same time locking in the sale in advance at an agreed and acceptable preset price and thirdly and finally, you benefit by getting the Option Money or indeed any other form of consideration should the buyer decide to back out of the deal.

Therefore, the Option is a very powerful strategy indeed that both buyers and sellers can use should they find themselves in serious liquidity problems when it comes to buying and selling of real property!

For example, I know and I've read of a number of real people that have successfully used this very same technique in their own real life situations to acquire real estate property. And their is nothing standing in your way if you wish to apply this same strategy in your own real estate transactions except yourself.

You could therefore use it right this very moment to help you buy the property of your dreams!

So, the next time you find the property of your liking, try to entice the seller to enter into a "Rent To Own Agreement" with you and see what happens. Remember that this is but just one of the many other strategies you could employ in your asernal of techniques.

And therefore, if you haven't yet signed up for the entire E-Course Training Series on how to buy real estate using very little or none of your own money at all, then do so -> HERE now. You'll be glad that you did!

NOTE : Looking for property to Buy, Sell, or simply to Rent, then please click on the highlighted words right in this very sentence.

So, until next time, stay blessed.

I love to hear your comments. Both positive and negative ones are all welcome. So, go right ahead and drop a comment below.


0 Comments

How To Buy Real Estate Using Little or None of Your OWN Money

6/4/2012

29 Comments

 
Picture$20 Worth of FREE Instant Info When You Sign-Up Below!
Did you know that many people the world over still think and believe that in order to buy real estate, a person ought to have (or rather, MUST have) a lot of money or simply have access to better and reasonable credit facilities?
Still, there are other people who think and believe that in order to buy real estate, a person NEEDS to have plenty of CASH to put down on the table as a show of seriousness and commitment as well as have some form of backing from the Hard Money Lenders for security, collateral, and insurance purposes against potential future lose.

To such people, I say they are entitled to think that way. After all, this is a free society. That is what they believe. Everyone is entitled to think the way they want.

Moreover, there is a distinction between reality and actuality. Reality is the external appearance of something perceived by the senses whereas actuality is the true nature of a thing, universe or a situation. 

You see, before I had access to such privileged real estate information, I used to think retrospectively instead of progressively. I always thought it was impossible. It was not until I bumped into such information that the light went on in my mind. And I've now decided to put these ideas I've learn't into actual practice.

I've now actually embarked on a very serious journey and search for properties to buy using these same strategies I'm about to reveal to you right now! And I'm of course searching for Flexible Sellers first as my targets.  The reason is simple. It is explained in detail HERE if you wish to know about it that is.

These strategies actually work and are very effective as long as you have a burning desire to use and apply them to help you acquire the real property of your dreams. Moreover, so many people the world over have used these same strategies with greater success.

Perhaps, the Greatest Mistake People Make When it comes to Real Estate Investing is this:

They Wait Too Long for the Right Time to have More Money to use to invest in Real Property. The real fact of life is that Time and Money shall NEVER be just RIGHT and ENOUGH for each one of us respectively. My Advice: JUST Start Your Real Estate Investment Process with Whatever Minimal Resources  You have at Your  Command Right NOW and Better Tools and Resources shall be found as You go along the Way. The Formula to follow is this: Ready, Fire and then Aim later on. The Secret is to just START. Action is the name of the Game. Never Wait for Conditions to be just Perfect. They shall NEVER BE!!

Moreover, the More You Educate Yourself in Matters of Real Estate Investing as well as any other Investment Opportunities, The Greater and Better Chances  You Have at Succeeding in this very Game and the Higher the Chances of making More Money. So, Educating Yourself FIRST helps You make Proper and Informed Decisions thereby Reducing the Levels of Risks associated with any kind of investment. My advice: If You Want to make it Big in Your Life, Educate Yourself FIRST in Matters of Investments so that when You finally have the Money You'll KNOW how to invest it Wisely and Properly and thus control Your destiny.

So, dear prospective real estate investor, don't leave things to chance, Educate Yourself First even if You currently don't have enough money to invest in real estate!!!

So, Here's a short list of some of the Great Ideas You stand to Learn and Benefit when You sign up for this very FREE Real Estate Investment Introductory E-course:

1. How to Buy Your Dream House or Piece of Real Property at the PRICE You Want,

2. KNOW the Type of Home or Real Property Sellers to Target so You can BUY that Dream House or indeed Any Ideal Property of Your choice at the Price You Want,

3. Why You DON'T need any Money NOW to Buy or Invest in Your own Dream House or indeed Any kind of Real Property. You ONLY need one FREE Thing! And chances are that You already have it. You are just NOT aware of it!

4. LEARN The Secrets of Successful Home Mortgage Financing and Get to Know about ONE LITTLE KNOWN SECRET Strategy You can Use right now to enable You Entice and/or Convince the distinguished Sellers or Owners of real property on sale to Offer their pieces of real property to You rather than Someone else and finally PAY for that Ideal Property of Your choice using the much dreaded and snarl Home Mortgage Finance Money WITHOUT ANY RESISTANCE WHATSOEVER from the Sellers or Owners of such properties,

5. DISCOVER the types of Home Mortgages applicable to Your own Unique Situation and Circumstances,


6. TURN an Owner-Seller of Real Property into a Lender and Successfully do it WITHOUT ANY RESISTANCE WHATSOEVER from him or her and Discover if this is Permissible or not in the Republic of Zambia, 

7. One single FREE (Not Paid for) Strategy (Unless You wish to PAY Yourself willingly) to help You come up with an estimated actual value of the property You wish to Buy and not what the property is Priced at,

8. If You're a Home Seller Yourself, use some of these buyer techniques to help You sell Your house or indeed any other piece of real property as Fast as Possible,

9. What to do when everything else fails,

10. Plus many, many, many other eye opening ideas to help You buy that Dream Property of Yours at the Price You Want.


And if all this arouses some interest in You, then why not sign up for this very FREE Introductory E-course below. You'll be happy you did!!

Therefore, go right ahead and sign up NOW using the form below or the one on the top right hand side of this very webpage to have Instant Access to this very e-course. So, Enter Your Name, Phone Number and Email Address below to have Instant Access!

And once You've entered Your Contact Details and Clicked on the "Send To Subscribe Now" Button below, You'll Automatically be Redirected to a Secure and Hidden Web-page where You'll have Instant Access.

Therefore, Go right ahead right now and enter Your Contact Details below and have Instant Access to this Critical and Valuable Information. You'll be happy You did.


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And therefore, if You happen to be interested in these strategies or techniques, then please simply sign up above and have them delivered right into your inbox this very instant.

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29 Comments

Why You Must Consider Real Estate As Part Of Your Long Term Overall Investment Strategy

13/2/2012

14 Comments

 
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Wow, What a Gorgeous and Luxurious Villa indeed! Where the Hell do people get the Money to build such Structures?
 There are several compelling reasons why any shrewd person or investor must consider Real Estate Investing as part of his or her own long term overall investment strategy.

Real estate, like this investment opportunity HERE, is an investment opportunity that enables One to work Only ONCE and continue ENJOYING the financial rewards FOREVER without tying Oneself to a regular everyday JOB every time. Talk about Wealth and Time Freedom indeed at the same time!

And when I talk about real estate investing, I mean 'Income Generating Real Property' as opposed to just building or rather investing in your own home where you intend to live or are currently living in. WHY? Because like Robert Kiyosaki, author of the most popular and influencial personal finance book of all times entitled "Rich Dad, Poor Dad" says and I quote him below:

"Your own house that you've built and/or bought and are currently living in happens NOT to be an Asset no matter what your Banker tells You!"

And I quite agree with him 100%!

_BUT WHY YOU MIGHT ASK?

_You see, dear prospective real estate investor, your own house that you currently live in is NOT really an asset no matter what your banker or anyone else advises you! It is a terrible liability! Period.

_BUT HOW? YOU MIGHT ASK AGAIN!

_Well, before I talk about what makes your own house that you currently live in as NOT being an asset, let's hear what an asset is in Robert Kiyosaki's own definition. According to him, he defines an asset as anything that puts money in your pocket to be an asset. And he defines a liability as anything that takes money out of your pocket as being a liability.

However, I must hasten to state here that though in Economic terms, your own house that you currently live in, saves you quite some money in terms of opportunity costs if you happened to be renting as opposed to living in it when it comes to rental fees, it still remains a liability according to Robert Kiyosaki's definition.

But, according to the concept of 'Opportunity Cost' found in the subject of Economics, your own house you currently live in, saves you money in the sense that the money you were supposed to be paying in terms of house rental fees, you're now able and free to spend it on other things or rather simply save it. Thus the concept of opportunity cost states in economics!

But strictly and technically speaking, your own house that you currently live in is NOT really an asset.

And this now brings me to the question of how does my own house that I currently live in NOT qualify as an asset?

You see, dear prospective real estate investor, your own house you live in entails you paying monthly commitments or expenses such as electricity bills, water bills, cabbage collection bills, including various other taxes related to property such as property taxes. These by themselves do not make your own house as an asset in terms of Robert Kiyosaki's definition. They take money out of your pocket even though you may be saving in terms of opportunity costs as we've heard in one of the previous paragraphs above. That is why a person who has retired and happens to have no other regular source of income ends up finding himself or herself in financial problems because they eventually reach a point where they can no longer afford to pay for such vital monthly services due to the fact that they have no regular source of income to continue paying for such services.

And this is the very reason why Robert Kiyosaki says your own house you live in is NOT really an asset. It is a terrible liability unless you happen to have other sources of incomes from somewhere like this one HERE for instance to help you continue paying for such monthly commitments. And I agree with him totally.

And moreover, this is another reason why some home owners have ended up loosing their own properties to Uncle Sam, that is to say - The Local Authority or Government - due to accumulated property taxes such as land rates! The end result is that the government takes over their properties due to accumulated unpaid land rates and ends up selling their houses or real properties to other savvy real estate investors who understand the secrets behind real estate investment and indeed any other kind of investment portfolio.

_THEREFORE, WHAT THEN ARE YOU SUPPOSED TO DO NOW?

_Well, having stated the misconception and mistakes average real estate investors have and make in the world of real estate investing, real estate still remains the BEST INVESTMENT ALTERNATIVE compared to other ways of investing! When I talk about real estate as being the best investment alternative, I mean investing in Income Generating Real Estate as opposed to investing in your own home as earlier on alluded to in the previous paragraphs. Yes, investing in your own home has it's own benefits but these benefits can NEVER be compared to someone owning a piece of income generating real estate! The benefits and/or advantages are far much more better than anything else. And yes, income property has it's own disadvantages but these disadvantages cannot outweigh the advantages or benefits.

_BUT HOW AND WHY?

_Perhaps the following 5 Factors of Profitability of Income Generating Real Estate will help drive the whole point home:

1. STABLE, CONTROLLABLE AND PREDICTABLE INCOME POTENTIAL

_Where can you find an investment opportunity that pays and enables you to receive income in very predictable and for the most part controllable installments, month in and month out? Try of course investing in other investment opportunities like the stock market and speculate on the ability of the stock prices or even any other kind of business venture and see for yourself whether you'll receive a predictable and controllable return on your investment. With these other investment portfolios, You give up total control over your money except for going in and coming out. And sometimes with these other investment portfolios even when you attempt to come out, you may find it hard to get back your initial capital invested.

But by contrast, when you happen to have a solid piece of income generating real property in place, and of course with the application of proper management controls in place, that income stream like our very own Zambezi River, just keeps on flowing in, in a predictable and controllable manner. Yes, some certain other investment opportunities have performed well and may even continue to do so. But in the order of NEEDS, housing is BASIC! Everyone needs a place to live in. You either sleep under a roof or simply under a tree!. And the fact is, No One ever wants to spend a night or day outside.

2. TAX BENEFITS

_When you treat your income generating real estate as a pure and strict business venture, you also happen to enjoy the tax benefits enjoyed by many other legitimate and registered big businesses. You'll have the opportunity to treat certain expenses occurring in the normal management of your property as tax deductible expenses from your total gross rental revenue or income thus giving you the chance to recoup your investment expenses. Lawful expenses such as interest on loans acquired from the hard money lenders, property taxes, insurance premiums, property management fees, advertising/marketing costs, legal fees, accounting fees, including repair costs can be deducted from your total rental revenue to enable you get back the money you spent when managing your property.

3. CAPITAL BUILD UP

_When your tenants make their monthly rental payments, part of this money goes to pay the interest on the loan you may have gotten from the bank, and part of it goes to repaying the principal amount. This great and unique feature entails that every payment you make causes your capital (equity) status in the property in question to improve. As the loan is being serviced, your networth also increases. This simple feature of real estate investing makes it very unique indeed. You earn cash while you slumber because someone else, that is to say, your tenant is liquidating your loan in exchange for the comfort or priviledge of using your property.

4. APPRECIATION

_Appreciation is one of the key advantages or benefits of investing in income generating real estate. Land almost ALWAYS increases in value due to the fact that land is a resource that is never manufactured on a regular basis but is constantly and regularly being used up or developed on a rapid rate. "They aren't manufacturing any more land" is a phrase that real property investors are fond of quoting. And I totally agree 100% with that line of thinking. Truly, there is only so much land to be developed the world over.

And yet to be fair, there are times when land/real property depreciates in value. But such are rare times indeed because even though land depreciates, it ALWAYS appreciates in value in the long run as long as one has that staying power! Moreover, housing happens to be a very necessary and inevitable NEED which in the long term will result in most income generating real property to increase in value after such market downfalls.

If you live in the Republic of Zambia, there are certain regions of the country where the value of real estate seems to be always appreciating at a good rate as opposed to depreciating. For instance, places like Lusaka Province, Eastern Province particularly Chipata District, and most recently the Copperbelt Province where we've witnessed a serious increase in mining investments or activities including the North-Western Province, Solwe District in particular where we've also seen and witnessed a high level of mining activities as well thus making this particular region attractive to shrewd real estate investors!

Therefore,the secret to success when applying this very factor of profitability of appreciation in your real estate investment portfolio, is to employ combinations of creative acquisition techniques that make it wise for you to invest in certain regions of the country inspite of a lack of appreciation. The key is to balance your real estate investment portfolio so that even if one region was experiencing fluctuations, you would still be indemnified in another region of the country where there is an unprecedented property appreciation.

5. LEVERAGE

Leverage is the one most important feature or factor of profitability which makes investing in income generating real estate to be more attractive to the savvy investor. The word "Leverage" when used in real estate terms, simply means having control over a piece of real property and benefitting from it full throttle in terms of cash returns viz-a-viz rental fees even when you haven't yet finished paying for it in full. In other words, you can borrow and make use of other people's money without using your OWN hard earned money and purchase or build income generating real property which in turn pays for itself through tenants' rental fees. This very feature alone makes real estate investing highly attractive to a savvy investor. And besides that, the hard money lenders, like the banks and building societies, find it very easy to lend out money when it comes to real estate compared to any other kind of investment. If you think this is not so, try asking your bank to lend you money to invest on the stock market or to simply start out a brand new business entity and see if that will be possible without the bank asking for this or that. I'm not saying the banks can never lend you money for such investments. No. No. That's not what I'm suggesting. All I'm saying is that the hard money lenders find it easy to lend out their money when it comes to real estate compared to other investment opportunities. WHY? Because their money will be highly secured through what is known as "The Ultimate Paper Out". If you don't know what that means, then please look out for my future blog post where I shall be discussing such topics.

Therefore, as you have seen and read above, real estate still remains one of the best investment alternatives available to the ordinary individual or investor. WHY? Because with real estate, an ordinary everyday person can sit on the throne of profit without having royal blood flowing through his body! In fact, real estate still remains the poor fellow's ONLY opportunity to make it big in life without having too much money in his pulse or wallet!

And yet to be fair, real estate also has it's own minuses just like every other investment opportunity. But these minuses cannot be compared to the many pluses that go in tanderm with real estate investing. They are far too many to make one NOT to WANT to Invest in it.

In conclusion, these Five (5) Factors of Profitability, that is to say, Stable Income Generation Potential, Tax Benefits, Capital Build-Up, Appreciation, and Leverage, still make real estate investing as one of the greatest and attractive investment opportunities available to the general masses, provided that these people have the necessary skill set and follow with extreme care an Action Plan for success in  real estate investing.

However, I do not have the space here in this very blog post to discuss in greater detail what this Action Plan is and how one may apply it to work profitably for himself or herself. Space does not allow me here. This is probably a topic of discussion for another time in the near future. For now, I end here!

P.S : Looking for a House to Buy, House to Sell, Plot to Buy, or simply a Piece of Rental Property? Then click on the highlighted words right in this very short paragraph.


I love to hear your comments. Both positive and negative ones are all welcome. So, go right ahead and drop a comment below.

NOTE: Look out for my next blog post entitled "How To Buy Real Estate Using Very Little Or None Of Your OWN Money At ALL". Interested? Then check out this very space here on this very website and for an email alert from me via your personal in box. If for any reason whatsoever you're not yet subscribed to our Property E-Newsletter, then you're totally FREE to subscribe yourself  HERE or  via one of our website contact forms right here on this very website.
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14 Comments

What To Look For When Searching For A House To Rent or Buy

13/1/2012

2 Comments

 
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Wow! What a Lovely House Indeed. I Wish I Could Rent It or Simply Buy It!
_ When looking for a house to rent, buy or simply sell, is there a way/s of telling as to whether you’ve made the right choice and decision regarding the house/property in question or not. Very few people, that is to say, would be tenants and buyers actually take this thought to mind.

In most cases people are too busy and preoccupied with issues of bread and butter to feed their families that they give little or no thought at all regarding the choice of their house whether for rent or for purchase.

For those that have a little bit of time on their side, they either simply rush out in the field and start searching in order to beat this limited time they have on their side due to busy work schedules and in the process end up making costly blunders resulting in them loosing and regretting afterwards! And in most cases, people choose to search on their own in order to avoid the service charges associated with engaging real estate agents. And they are right! WHY? Because there are so many illegal and unscrupulous real estate agents out there in the world whose sole agenda on their mind is to make a quick buck out of their clients in terms of viewing fees and other service charges.

At the same time, there are those people that do have a little bit of money to spend, value their time greatly and therefore have no problems whatsoever engaging the services of real estate agents. To these kinds of people, money is not an issue. They can spend it the way they want without giving any serious thought about it. However, the ONLY potential problem they are likely to face is finding the WRONG kind property whether for rent or purchase.

Therefore, whether you happen to have a lot of money to dish out to real estate agents or have a lot of time at your disposal to do it by yourself or have a combination of both, what are some of the ESSENTIAL things you must look out for when searching for a house to rent or rather a piece of property to buy?

Well, here is a list of the Five Essential Things You Must Always Look Out for when looking at and Assessing a Piece of Restate Property:

1.       The Plumbing Section of The House: When I talk of the plumbing section of the house, I’m simply referring to the piping without irritating leakages, bathroom and the toilet areas. These are the areas that make a woman proud because cleanliness starts from here. And inversely these are the same areas that make a woman influence his man not to rent or buy the house in question.

2.       The Kitchen Area: Again this is the woman’s pride. Make sure the kitchen is at least spacious and nicely done. That is to say, the kitchen has nice cabinets and cupboards. And is nicely painted.

3.       Electrical Fittings: This is also another crucial area to look out for when searching for a house to rent or buy. The electrical fittings must be safely fitted to avoid any shocks and uncalled for sparks. This also makes it safe for the children as well as everyone else in the whole house.

4.       The Yard and/or Surroundings
: The yard and/or surroundings of the house or property in question must also be kept nicely and neatly. No one ever wants to live in a dirty environment. Everyone desires to live in a very clean and serene environment.

5.       Security: Is the house or property in question situated in a secure neighborhood where there is at least little or zero crime incidencies. No one wants to have their valuable property stolen overnight after having worked so hard for it for such a long time. And if the house is situated in crime prone areas, has it been properly secured to help deter or prevent unauthorized access or would be criminals from carrying out their missions? This would normally involve having a wall fence, security surveillance cameras, and heavy security personnel presence such as the police.

As you can probably see from what you’ve read so far, these few five points can go a long way in helping you save time, money and your valuable possessions in the long run. And apparently, these are the same key points to remember when you find yourself in a situation where you have no option but to engage the services of a real estate agent. Ask the agent questions related to these very five key points before you commit yourself to viewing the said piece of property in question.

This list is not conclusive but is just a summary to help you make the right choice and an informed decision regarding the property at hand so you don’t live to regret your actions later and therefore make you want to sale or move out of the said house in question within a short space of time. What you want is to at least stay there for a while or even for ages if you so wish!

NOTE: Looking for a House/Property to Rent, Buy and/or Sale, then click the highlighted words to have a look! 

I love to hear your comments. Both positive and negative one are all welcome . Therefore, go right ahead and drop a comment below.

2 Comments

How To Identify Flexible Sellers of Real Estate Property

14/10/2011

6 Comments

 
Many of us dream of owning our own home, farm, virgin land or simply any other kind of real estate property but find it quite problematic or expensive to do so.

Owning a piece of real estate starts and ends in our dreams. We never visualize ourselves owning property. And for those of us that do, we find ourselves with little or no money at all to afford to buy the property of our dreams.

Therefore, what is someone supposed to do in this case?

Well, here is my recommendation: buying or investing in real estate requires a series of interrelated skills. Finding properties where one can bargain or negotiate properly and effectively is one of the most important of these skills- in many ways the most important.

The crucial point to remember when looking for properties on sale is to learn to develop your ability to identify sellers who are highly motivated to sell – who must sell- as opposed to those for whom it would be desirable and useful to sell.

Therefore, if you want to buy or invest your hard earned money in real estate, the first thing you need to do is to find the right kind of seller and then the right kind of property.

Infact, clever buyers or clever real estate investors tend to look first for the motivated sellers before they go too far in analyzing the properties.

But the next logical question you may be asking yourself is, “Who really is a Motivated Seller?”

Well, Motivated Sellers go by a variety of names such as flexible, anxious, “don’t wanters”, etc. These are people who want to sell their real estate property or holding so badly and as fast as possible that they will be very flexible in price and/or their terms and conditions. But they all have one thing in common: they want you to solve some major problem for them.

It might be that they are being transferred and must therefore hurry and sell. Or they might have personal problems such as a serious illness or a divorce that is forcing them to sell.

Alternatively, they may be motivated by financial pressures or find income-property ownership not to their liking.

Whatever their reason, you can appear to them and negotiate a good deal with them using this piece of intelligent information you have garnered about them!

The opposite of these Motivated Sellers or Flexible Sellers as they are sometimes called are known as Inflexible Sellers. These are sellers who are not in a hurry to sell and are so rigid in their terms and conditions that they are not willing to bargain or negotiate.

These are actually sellers who must be avoided at all costs because they might end up selling you property at an exorbitant price which you may live to regret afterwards.

Try by all means in the first place to locate or identify flexible or motivated sellers of property. The trick is to be persistent in your search efforts.

If you cannot find these flexible sellers on your own, then try to engage the services of reputable real estate agents to assist you. There are so many reputable real estate agents out there.

  Key Points To Consider When Looking For Flexible Sellers of Real Estate Property:

1. Great real estate deals come from a small percentage of sellers.

2. Locating or finding the right sellers is as important as finding the right property.

3. The more you know of a flexible seller’s true motivation or his true reason of selling property, the better chance you’ll have of concluding a good deal with him.

4. Seller Flexibility could be a sign of something wrong. Make sure the property you are looking at doesn’t have any problems or complications before you actually close the deal.

5. Flexible Sellers can be found in a variety of places, some easier to discover than others: For instance Newspaper Classified Adverts ; and the other latest source these days regarding where you can find such sellers is the 'Internet' like this very webpage for example!

6. As a real estate buyer or investor, you are a problem solver. As you solve the flexible seller’s problem, you’ll be benefitting both of you.

P S : Want to Buy, Sell or Rent a Piece of Real Estate Property, then click the highlighted words for details!!
6 Comments

How To Get Your Dream Property at a Low Price

3/10/2011

2 Comments

 
Buying an excellent piece of real estate can be quite expensive especially if that property is of your liking. In reality, the best real estate deals are usually costly.

If a person doesn't have enough money, the Only real estate deals left available to one, are often deals that people with excessive cash have passed on. Therefore, what then are you supposed to do if you happen to find yourself in such a situation?

Well, dear prospective property buyer or seller, may be the following Top Ten Hot Negotiating Tips might be of great help to YOU. I actually learn't these tips from a person named Sue Waddington. They blessed my heart when I first bumped into them. And I strongly believe that you'll find them beneficial as well.

Here then is a full and detailed explanation of the top ten hot negotiating tips for your own consumption and eventual assimilation below.

INTRODUCTION

Everyone uses negotiation tactics to get what they want, whether they ‘ re haggling over the price of an item in a car-boot sale or discussing potential salary with a future employer. Most of the time, when you enter a negotiating situation you can expect the other party to use certain manoeuvres to tip the scales in their favour. For example, you can expect a potential employer to offer you less money than they are actually willing to pay to give themselves negotiating room. And a buyer will usually act surprised at your stated price, no matter how reasonable it may be, to pressure you into lowering it.

Everyone uses these tactics, but that doesn’t mean that negotiations can’t be fair. Some tactics are acceptable, while others are downright sleazy(immoral). Tactics are part of the process, and you can use them and still maintain your negotiations on an honest level. In other words, the use of tactics doesn’t necessarily mean tricking or manipulating people. Some tactics are simply tools to expedite(speed up) the negotiation process ; whilst others are used to take advantage of the other person.

To be successful in sales and in business, you must be able to differentiate between the fair and unfair negotiation tactics so you can use the good ones to your advantage and deflect the questionable ones.

Consider the following ten negotiation tactics and how to deflect them and/or defend yourself against each and every one of them.

Tactic Number 1: The Wince

The wince can be explained as any overt negative reaction to someone’s offer. For example, you might act stunned or surprised when your negotiating counterpart names their terms. This tactic tells your counterpart that your know your limits, which isn't underhand or dishonest. And wincing at the right time can potentially save you thousands of pounds or dollars. Keep in mind that when deals are negotiable your counterpart will start high.

Of course, you won’t always be the wincer. Many times, especially in the sales profession, you’ll be on the receiving end of the wince. In this case, you can counter with the next tactic.

Tactic Number 2: Silence

In the negotiation process, silence can be your strongest tool. If you don’t like what your counterpart has said, or if you’ve made an offer and you’re waiting for a response, just sit back and wait. Most people feel uncomfortable when conversation ceases, and they start talking automatically to fill the void. Almost without fail, your counterpart will start whittling away his or her position when you use this tactic.

So what if you find yourself negotiating with a person who understands the importance of silence as well as you? Rather than wasting time in silence, restate your offer. Don’t make suggestions; just repeat your terms. This manoeuvre forces the other person to respond, and more often than not they respond with a concession.

Tactic Number 3: Good Guy/Bad Guy

This sleazy tactic is often used in movies, where two detectives are interrogating a person who’s just been arrested. One detective seems unreasonable and inflexible, while the other tries to make it look like he or she is on the suspect’s side. If you find yourself in a good guy/ bad guy situation, the best response is to ignore it. Recognize this game for what it is, but don’t play along and don’t allow the good guy to influence your decision.

Tactic Number 4: Limited Authority

This tactic is a variation on the good guy/ bad guy routine, but instead of two people working over you, the one person you’ re dealing with tells you that he or she must approve any deals with an unseen higher authority. Sometimes, this higher authority exists, but other times your counterpart will create this figure to gain an edge in the negotiation process. So just because your counterpart tells you “ its out of my hands” don’t automatically assume the person is being honest. In this type of situation, two options exist: one, ask to deal directly with this so-called higher authority or two, test the limits of your counterpart. You may find that the other person has used this tactic to force you into backing down.

Tactic Number 5: The Red Herring

This technique comes from fox-hunting competitions, where one team drags a dead fish across the fox’s path to distract the other team’s dogs(fox). At the bargaining table, a red herring means one side brings up a minor issue or point to distract the other side from the main issue. Effective and ethical negotiators generally agree that this tactic is the sleaziest of them all.

Tactic Number 6: The Trial Balloon

Trial balloons are questions designed to assess your negotiating counterpart’s position without giving any clues about your plans. For example, you may ask your counterpart, “would you consider trying our services on a temporary basis?” or “Have you considered our other service plans?” Essentially, these type of questions put the ball in your counterpart's court, and the nice part about them is they aren’t really offers. They allow you to gain information without making a commitment.

When you’ re on the receiving end of a trial balloon question, you may feel compelled to answer it thoroughly. To maintain your edge, resist this temptation and counter with another question. For example, if someone asks, “ Would you consider paying cash? Respond, “ Well, if I did, what would your offer be?”

Tactic Number 7: Low –balling

Low-balling is the opposite of the trial balloon. Instead of tempting you to make the first offer, your counterpart will open the process with a fantastic offer. Then, after you agree, they start hitting you with additional necessities.

For example, say you see an ad for a product priced lower than other stores. But then, after you buy, the sales representative uncovers the hidden costs, such as delivery or installation. In the end, you probably pay more than you would have at another shop listing a higher price on the product. To avoid falling victim to this tactic, ask your counterpart about additional costs before agreeing to any deal.

Tactic Number 8: The Bait- and- Switch

Similar to low- balling, the bait-and-switch tactic should be avoided at all costs. Your counterpart may try to attract your interests with one great offer, but then hook you with another mediocre one. This tactic will almost always burn you, unless you can recognize it. If your counterpart were really able to offer a genuinely good deal, they wouldn’t have to resort to bait-and-switch.

Tactic Number 9: Outrageous Behaviour

Outrageous behaviour can be categorized as any form of socially unacceptable conduct intended to force the other side to make a move, such as throwing a fist of anger or bursting into tears. As most people feel uncomfortable in these situations, they may reduce their negotiating terms just to avoid them.

Tactic Number 10: The Written Word

When terms of a deal are written out, they often seem non-negotiable. For example, when was the last time you negotiated a real estate lease, or a loan, or even a service contract that was typed up in an official looking document?

The best defense against this tactic is simply to question everything, whether it appears in writing or not.

Conclusion

As you can probably see, these tactics can potentially save you a lot of money just by applying one or more of them to your particular situation. They have saved me a few thousand kwachas and/ or dollars as a result of using them. They have also benefited me financially and continue to benefit me in my businesses as well as my personal endeavors.

I edge you to try them out the next time someone tries to up-sell you something.

P.S: If you or someone you know is interested in buying, renting or selling a piece of Land, House, Farm or simply a piece of Commercial Property, then please click on the highlighted words right in this very sentence to view them!

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2 Comments

Why Property Sellers Become Flexible and How To Take Advantage of This

3/10/2011

1 Comment

 
Real estate investment has been said to be the "IDEAL" investment. The word "IDEAL" here is used as an acronym for the five key factors of real estate investing that have made it attractive over the centuries as a business investment alternative. That is to say :


i. I = Income Generation from Rental Payments

ii. D = Depreciation (Tax Advantages)

iii. E = Equity (Capital) build up as tenants make their monthly rental payments

iv. A = Appreciation as the Value of Real Estate grows and finally

v. L = Leverage through the usage of "Other People's Money".

And therefore, inspite of the above mentioned five key benefits of real estate as an investment vehicle, there are also several key reasons that would make a property owner decide to sell his/her property and become flexible in the long run in terms of price and conditions of his/her Sales Agreement. And understanding these reasons in the first place is crucial to you as a real estate buyer or investor.

BUT WHY IS THIS IMPORTANT TO YOU AS A BUYER OR INVESTOR YOU MIGHT ASK?

Well, because this will enable you to know in advance the seller's true motivation for being flexible and the reasons why the property is being sold. It will also give you the edge to negotiate effectively the terms of the purchase agreement and help you discover the secrets of avoiding becoming a flexible seller yourself in the near future should you decide to sell your property as well.

If you don't know who a flexible seller is, then I recommend you read the blog post article entitled, "How To Identify Flexible Sellers of Real Estate Property" found on our main website.

The reasons people or sellers of real estate property become flexible fit into three main categories and these are :

1.  Personal Problems,

2. Property Concerns, and

3. Economic Concerns.

Sometimes a flexible seller will have a combination of these three reasons.

You see, dear prospective property buyer or investor, when you seek to purchase a piece of real estate property, you must always keep one caution in mind and that is ; You want to solve the flexible seller's problem (in this case, his financial problem), and NOT buy the problem from him. In other words, the very reason why he is a flexible seller may well transfer with the purchase of the property to you - the buyer. And that's what you wouldn't want to happen to you because the problem might be impossible or overwhelmingly expensive to rectify, and should be avoided like a terminal disease, no matter how attractive the price and terms might be.

Gladly, some problems may be rectified cheaply with your knowledge and creativity before you actually buy the property in question.

Well, here then are the three main groups of problems or reasons that motivate sellers to become flexible in detail including real life examples for your personal consideration and application.

_GROUP 1 - PERSONAL CAUSES OF FLEXIBILITY

These include problems or situations that have to do ONLY with the seller of the real estate property. They will not pass on with the purchase of the property in question. These flexible sellers are actually the BEST you can ever find in the world of real estate investing.

Examples of personal causes of flexibility would include ; owner’s location, time constraints/health concerns, retirement, divorce/family disputes, partnerships, ignorance, financial problems, management issues, and estate sales.

i. Owner’s Location

The location of the property owner may affect the control or management of the property.

For instance, John Mweemba was recently transferred to another town in the country. Wanting a house to live in, he decides to either buy or rent a new home in his new town. But the problem he has is that he still hasn’t sold his first home or rather found any tenant to rent it. The result is : ” The Double Payment Nightmare ” is eating and disturbing him a lot. At the same time, because his previous home is still vacant, he now becomes more worried about vandalism.

This therefore definitely makes John Mweemba become a proper flexible seller of his home due to his personal problem of changed location.

And therefore, you could appear to him and use what you know about him to help you negotiate a good deal and buy his house at a reasonable price.

ii. TIME CONSTRAINTS/HEALTH CONCERNS

The property seller may have become too busy to administer and/or worry about his property. He or any one of his immediate family members may have health related issues that could have ended up interfering with his ability or desire to manage his property.

And therefore, you could appear to him and use this information to your advantage and negotiate a good deal with him resulting in you buying his property at a competitive price.

iii. RETIREMENT/DOWNSIZING

The property seller might have been recently fired, downsized, or simply retired from his regular employment or business. He may also be contemplating of traveling somewhere else, or just try to take it easy, or simply doesn’t want to worry any more about managing real estate property.

Still, other property owners might be considering moving to a different climate area or simply to a much smaller home.

Again, you may appear to such property sellers and eventually negotiate a good deal with them.

iv. DIVORCE AND/OR FAMILY RELATED PROPERTY DISPUTES

This is also one of the main causes of seller flexibility when it comes to real estate property deals.

For instance, Pezo Chinyama and her husband have been very active in building and investing in a profitable real estate investment portfolio. But because of a marital problem or difference, they eventually settle for a bitter divorce. Pezo Chinyama happens to have only terrible memories about everything her husband did in the past. To say Pezo Chinyama is a flexible seller would be an extreme understatement. She is a very anxious and extremely flexible seller to deal with.

Another issue under the banner of divorce/family related property disputes, would be a situation where the bread winner of the family dies and leaves behind some real estate property. And the remaining beneficiaries differ over the management of the property as well as the even distribution of the whole estates of the deceased person. The result is, the family decides to sell the property so they can have liquid cash to enable them share equitably.

Sometimes, these beneficiaries or heirs end up not liking the property in question. They would rather make a quick sale and have the money instead.

At other times, the executor or administrator of the estate may need to liquidate some assets in order to pay out taxes and debts the deceased person owed to other individuals and organizations.

And this therefore would qualify such a family as a flexible seller and you could equally appear to them and negotiate a good deal with them.

A word of caution though ; it is crucially important to exercise maximum restraint when dealing with family properties on sale and NOT be deceived by their extreme flexible terms and price because You might discover later on after buying the said property in question that some key stake-holders in the family weren’t consulted in the first place. And therefore, it is important to take your time and do your homework well when dealing with family property on sale!

v. MANAGEMENT ISSUES

Some property owners and/or sellers simply happen to be such poor managers of their own perfectly good and profitable investment properties that ultimately turn out to be thorns in the flesh due to bad management. Sooner or later, they become absolutely fed up with owning real estate property.

And therefore, a lack of knowledge about management issues and general business principles can make a world of difference between a successful happy landlord and a disappointed unsuccessful landlord.

And you could appear to such a seller and negotiate a good deal with him and eventually turn his lose making property into a profit making asset through proper and effective management.

vi. FINANCIAL CONSTRAINTS

A number of issues fall under this category of problem. It may include a seller’s debts, bankruptcy problems, business investment capital needs, foreclosure issues, tax issues, or simply the desire for status symbols such as cars, clothes, and jewelery or the like.

You could appear to such a seller and take advantage of this to negotiate an excellent deal with him.

vii. PARTNERSHIPS

A peaceful and excellent partnership in real estate investment can be quite a heaven on earth experience. But a troublesome one can be such a terrible experience amongst the partners just like a family embroiled in disputes after the death of the property owner.

This normally happens when partners no longer share the same vision due to differences regarding the management of their property. And with emotions getting involved the way they do, partners will sometimes go to extreme lengths to just get rid of the property quickly so they can dissolve their partnership arrangement.

For instance, David Kapalu and Joseph Chapewa were two old good friends who initially started out as partners investing in real estate property. They were highly optimistic, aggressive, and energetic individuals or investors, but later on found that they could no longer share the same vision on management decisions regarding their joint property.

When things started to go wrong, each began to throw the blame on the other. They ultimately decided to sell the property and dissolve the partnership in question before they could start to hate each other.

David Kapalu and Joseph Chapewa have truly become flexible sellers and you could appear to them at an opportune time and negotiate an excellent deal with them resulting in you buying their property at a much lower price!

viii. IGNORANCE, NEUROTIC FEARS AND/OR UNREASONABLE EMOTIONS

In some cases, unfortunately, many property sellers make decisions based on their emotions, fear of the unknown, or even make decisions based on sheer ignorance selling seemingly good real estate property due to lack of essential knowledge in economic factors and market conditions or trends.

Others have a phobia of doomsday or just end up experiencing an emotional dislike for a particular piece of property for some reason that is perfectly known only to them, but does not affect the value or desirability of the property in question.

Still, others simply don’t have that foresight, ingenuity, and patience that go with investing in real estate. They let their emotions and fears do their thinking instead of thinking logically and creatively resulting in them selling seemingly perfect real estate properties to other razor sharp investors!

And so, you could appear to such sellers and use this piece of intelligent information to negotiate with them an excellent deal.



_GROUP 2 - PROPERTY CAUSES OF FLEXIBILITY

Just like personal causes of flexibility, property causes of flexibility also have their roots as well. And notable among these are :

i. MANAGEMENT ISSUES

Management issues also sometimes fall into the personal category, but this can also have much to do with the property itself in question. Because of neglect or because of the condition of the property, it may require intensive and careful management. The quality of tenants may also affect the management of the property. A certain class of tenants may attract like- minded tenants while preventing the more desirable and affluent tenants. It is not uncommon for a building to be only 60% occupied due to a single undesirable tenant!

For instance, an attractive office building in an excellent part of town had two spaces rented out to “Problem” tenants. Both were good tenants in the sense that they paid their rentals on time and both were legitimate. But one of them happened to be a government wing frequented by lower class individuals who were a nuisance to visitors of the other offices.

And the other space was occupied by a private concern that promoted controversial but legal family planning practices. The negative aspect of these two distinct classes of tenants was such that the building remained 60% vacant most of the time.

Therefore, property owners who find themselves in this kind of situation can quickly become flexible sellers.

However, problem cases like these ones can be hastily corrected by getting rid of such undesirable tenants or by altering the looks of the property in question.

Whatever the case, you may also appear to this type of flexible sellers and use this particular piece of intelligent information to your advantage to negotiate a good deal.

ii. EXISTING FINANCIAL OBLIGATIONS

The existing financial obligations on the piece of real estate property can create real time problems for the owners. Negative cash flows can be extremely discouraging, and they have a way of reasserting themselves on a regular monthly basis.

Moreover, loan repayments and increasing interest rates due to variable loan rates and adjustable rate loans, can end up changing a seller’s financial well being all too quickly. And in some instances, the seller may have secured financing that he never should have agreed to in the first place.

For instance, Manyozo Nkongole bought a piece of property some three years ago that had a three year repayment period. He made no proper strategic advance plans for the repayment of the said loan in question just in case things didn’t work out the way he had initially planned them to be and due to his personal circumstances, he finds himself in an awkward situation that makes him unable to obtain additional financing to repay it off.

Therefore, Manyozo Nkongole has now become a definite flexible seller and you can appear to him and negotiate a good deal with him.

iii. OBSOLESCENCE

Obsolescence is simply a state of depreciation or old age in relation to the property in question.

All by itself, obsolescence may not be a problem per se. But when it begins to affect rental income levels, tenant quality, or simply resale possibilities, it can cause the owner to become seriously flexible.

Obsolescence may come in different forms. The style or structure of the property may be out of date.

For instance, a block of flats with only one bathroom and a toilet. Or, a five-story building without an elevator may be considered obsolete. And such obsolescence may lead to overwhelmingly expensive changes and/or improvements when it comes to renovating the property after buying it.

In some cases, the obsolescence may come as a result of changes in zoning. Sometimes this type of change can simply be the last straw for an already flexible and hurried property owner.

Whatever the case, you can appear to such a seller and negotiate a good deal with him based on this very information you know about the property in question.

 GROUP 3 - ECONOMIC CAUSES OF FLEXIBILITY_

The third and final cause of flexibility is economic in nature. This normally occurs in four ways and these are as follows :

i. LOCAL ECONOMIC CHANGES

Changes in the local economy can affect the demand for rental units or the marketability of a piece of property that is on sale.

For instance, a major employer in the area may have shut down operations or laid off a large number of workers or may be an entire city may be experiencing a decline in economic activities.

ii. LOCAL NEIGHBORHOOD CHANGES

Over a long period of time, certain neighborhoods may have become less attractive and desirable to a particular class of tenants or real estae investors. In such instances, properties end up becoming harder to sell and good tenants harder to find. A property owner who finds himself in such a situation often becomes anxious to sell his property because management has eventually become to intense.

For instance, Mr. Kukuka Kuka Lyonse bought a piece of rental property some fifteen years ago. The property in question used to be in a nice and respectable neighborhood. But, during the last few years, the area has become increasingly run down and now Mr. Kukuka kuka Lyonse finds it very hard to bring in good tenants. And the property is becoming more and more run down – since Mr. Kukuka Kuka Lyonse has lost all the desire to effectively manage his property – causing it to blend right into the neighborhood he so detests.

Another local change has to do with Stiff Competition. The natural laws of supply and demand may have brought deadly competition to a rental unit that previously had very little challenge. May be there could be a proliferation of more rental units in the area than before and/or even fewer profitable tenants.

Which ever way, the owner may become discouraged and eventually become flexible.

You may therefore appear to him and negotiate a good deal with him. And you, as the new owner, might possibly be able to cure the problem either by upgrading the property or by simply lowering the rental fees.

iii. LAWS AND GOVERNMENT CHANGES

The local laws and government changes can sometimes make a huge difference in a property owner’s success. May be an impending zoning change is likely to affect the neighborhood.

Or, may be a new government may have imposed rental fee controls, and therefore the owner of the property finds himself in a situation where he can no longer raise his rental fees or is restricted in how much he can raise them.

Either situation can create seller flexibility and you – the new owner – could well find yourself in the same trap!

iv. PENDING CHANGES

A seller may well know in advance some looming changes that will adversely affect his property, and he may be trying to sell before the changes take effect.

For instance, he may know that a proposed highway will come near or possibly pass through his property due to new local authority regulations.

And therefore, only if you take your time and do your due diligence thoroughly will you be able to know these things for certain, since the seller may not be able to disclose them to you.

HOW REVERSEABLE IS THE PROPERTY PROBLEM?

Once you’ve uncovered the reasons why a seller is flexible, you must now proceed to the next step and ask yourself the following critical question :

” What Effect Will This Have on Me, or As a New Owner or Buyer? “

Depending on the answers at your disposal and the current situation at hand, the reasons under group one, will NOT have any effect on you as the new owner. But the reasons under group two, may be – note my language here, it’s not “Shall be” but “May be” – something you can correct. But, sometimes making this correction might be too expensive, time consuming, or simply impractical to you the potential new owner or buyer. And finally, the reasons under group three, are probably NOT REVERSEABLE!

Therefore, dear reader, You can see why it is crucially important to know what the seller’s motivation is and if it will have any effect on You as the new owner or buyer. If it is a problem You will inherit, it is important to know in advance, whether You can correct it, and how much it will cost You to correct it!

Remember that, some flexible sellers have very good and valid reasons to be that way. In many cases, You might be attracted to a seller’s generous terms, but after a closer analysis, You’ll discover that You wouldn’t Want his property even if he gave it to You for FREE.

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    David Kapalu is a Real Estate Investment Consultant who happens to be a duly Registered Member of the Zambian Institute of Estate Agents, an Internet Marketing Specialist, Motivational Speaker, Public Speaker, Life Coach, Crypto-Currency Investor, Enthusiast and Trainer. He is also a Holder of a Bachelor of Laws (LLB) Degree from the Zambian Open University. He is Someone who Understands his Subject so Well and Knows How to Distil and Reduce Complex Matters into Simple to Understand Matters.
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