How many and what type of truck deliveries do you get a day, a week a month? Make sure the property you choose can handle the trucking volume without interruption from other tenants or property limitations.
Part of the exercise of articulating your personal brand is defining what you value the most. Think about some of your favorite real estate in Marbella. things and why they are meaningful to you. This can reveal your personal brand values.
Some syndicators charge in excess of 10% commission. 10% seems to be the norm but is still high as it has to be made up through asset performance which takes a few years. Also an annual asset management should probably not exceed 0.5% on the asset value or 2% of the cash invested... otherwise it is too rigged towards the syndicator and not the investor. It has to real estate development. be win/win!
Sugarloaf Foreclosures - The latest Foreclosure report shows 9 Sugarloaf homes that were given "notices of foreclosure" for the January 6th auction. Yes, there are a couple of well-known names on that list. This level of foreclosures is significantly higher than the 2-3 per month that we have seen throughout the year. In addition there are major builders of new homes in real estate company or service. Sugarloaf that had construction loans foreclosed upon by their banks. In 2008, there have been over 40 properties that have been given notices of foreclosure. There are currently 23 properties that are in some active form of foreclosure (from pre-foreclosure to bank-owned status).
Then there was poor Henry. He was there when I first started, at the desk in front of mine. He was there months later when I was quitting, and he was finally making his first and last sale (he quit shortly afterwards). He was one of the nicest guys I have ever worked with, but he didn't know how to sell real estate.
This would be the same for the furnace, siding, painting, clean outs, steps, patios, pavers, driveways, etc. So you see how this is one way to get comfortable with estimating the costs to renovate houses?
Just because a property falls under the luxury umbrella, does not necessarily mean that it is problem-free. Structural alchemist estepona problems such as improper weight baring pillars and roofing issues, evidence of water damage and mold, or piping and HVAC problems are just some of the problems one can find in any property. That is why it is integral that one conducts a home inspection before signing on the dotted line. Most importantly, make sure your contract for purchase includes a home inspection contingency, i.e. a statement that permits you to freely walk away from the property if the inspector finds a problem with it. A competent broker also won't waste your time or their own by showing you properties that aren't satisfactory.