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I’m a college student in Hawaii who wants to become a commercial real estate broker.. I don;t know if i should stay in honolulu or head back to the mainland where i am from.. Would I find it easier to break into the business in a major city in California? With a college degree in finance and a desire to succede what are my chances for success in this industry? Also what are some other careers in commercial real estate?
Thanks
With increasing real estate costs, and strong competition for skillful labor in major centres, BPO (Business Process Outsourcing) firms are looking at smaller cities as locales for setting up their new operations.
As the BPO industry has registered $8.4 billion worth exports in FY 2006-07, up 35% from the previous year, this is indeed a carnival for small cities like Jaipur. Going further, BPO major Genpact has already established a huge facility in the city and firms like Infosys and Wipro have also articulated their interest in instituting their offices in Jaipur.
The appeal
The principal advantage with Jaipur properties is that of “cost”. As commercial property prices in Jaipur are far less in comparison with cities like Delhi, Bangalore and Mumbai, a business organization can significantly cut down on its operating cost.
Also the city offers good connectivity via roads, railways and air. Furthermore the availability of land is not a problem in Jaipur, and unlike the big cities, a firm can get hold of large chunks of land in the prime locations to set up their offices and development facilities.
BPO brigade – a boom
Both local and international industry biggies have netted BPO facilities in comparatively in smaller cities all over the country in the past few months, such as Mangalore, Jaipur, Coimbatore and Vishakapatnam.
Apart from 15% cost advantage, tier II cities have an unexploited real estate market, which means lower direct costs, and availability of cheaper local labor, says industry experts.
While roads may be less congested in tier II cities, other types of infrastructure may be lacking. But despite the disadvantages small cities like Jaipur may have professionals from the real estate industry believes that the commercial properties in Jaipur are likely to undergo a boom time as more and more business houses plan to set their base in the pink city.¨
For more details on Jaipur Property, log on to magicbricks.com
George Gonigal provides you the best and latest information on Buy Properties in India , if you want to Real Estate News India. he suggest you log on to magicbricks.com
www.lendinguniverse.com Commercial Lending Loans in Nevada Our economy depends on hard money and commercial mortgage financing, money loans, combine with hard money commercial loans, commercial mortgage calculator, private mortgage, bank loans. Fix and flip loans www.youtube.com fix and flip also known as national fix and flip can be done with the help of flipping propertiesProperty under Construction or Residential property. In case you need a fix and flip funding Contact private Investors for best results on flipping properti Hard money commercial loans www.lendinguniverse.com The information that follows will assist you in considering the seven essential elements of a loan transaction which you should understand before funding a loan or purchasing a promissory note. Just read on! Knowledge, experience, and integrity of the MLB through whom the transaction may be made or ar¬ranged. Before placing your trust and money with an MLB, you would be wise to call: (1) the Department of Real Estate: (DRE) to determine: if the: MLB and his or her loan representatives are properly licensed, how long each has been licensed, and whether any of the licenses have been disciplined; and (2) the lo-cal Better Business Bureau to ask if any complaints have been lodged. Ask the MLB to provide a professional profile for your review and information as to the approximate number and percentage of loans, if any, negotiated by the MLB which resulted in foreclosure (commenced and/or concluded …
Know what you have.
Commercial real estate in some respects is not too different from residential real estate when speaking with owners of properties. In their hearts and minds their property is far better and far more valuable than that of their competition. Once you detach yourself from the emotional aspect, you can objectively look at the property.
You can list property types into two general groupings. Group A-standard commerical or general property types and Group B – Special purpose or use property types.
Standard or general use refers to any property that has a multi-use capability associated with it. The property can be used for nearly all commercial purposes and can easily accommodate a multitude of business types with little or no modifications. This type of property has a higher resale demand and has a shorter marketing time.
Special use refers to property types that have very limit use capability and have a very limited market to which reduces the demand and greatly increases the marketing time. Additionally, conversion costs can often times be greater than the value of the property in its current use.
Examples of each type:
Standard or General:
Warehouse
Office/Office Condo/Office – warehouse
Mixed use w/office or residential
Light manufacturing, Light Industrial
Medical and Dental offices
Retail/strip malls
Multi – Family (5+ units)
Mini-Mart
Single Tenant Properties
Special Use/Special Purpose:
Automotive Service/Repair
Assisted Living Facilities
Hospitals
Grocery/Markets
Single Tenant Properties
Mini-storage / Self-storage
Car Wash (Self -serve/Coin Op or Full Serve)
Funeral Homes
Restaurants
Hospitality (motel/hotel)
Bowling Alleys
Sport Arenas
Properties w/excess land
Churches
Educational Centers/Day Care
Board and Care Facilities
RV Parks
Mobil Home Parks
Heavy Industrial/Heavy Manufacturing
Golf Courses
Underwriting and risk pricing differences
The more common (general) the type of property and use, the better the financing and the more lenient the underwriting is to make these properties more attractive for investors and owners.
On the the other hand, the more off beat and further from the ‘bulls eye’ the tougher the underwriting and the more expensive the financing will be.
IMPROVING YOUR ODDS–KEY POINTS
Borrowers with strong credit and healthy balance sheets that include high net worth are easiest to close.–Helping yourself or your client to look better on paper is first and foremost (must be verifiable).
Having more than the minimum downpayment or equity postion in the property
Having liquid reserves equal to or greater than the loan amount
Strong long term tenants with long term leases
Having regionally or nationally credit rated tenants
If tenant is not credit rated, be ready to have tenant supply their financials to prove to lender tenant is financially healthy and can afford to rent your property.
If seeking cash out–keep amount reasonable and be prepared to identify in detail how the cash is going to be utilized and improve the borrower’s position
Seek financing within your means
At CFR Mortgage Group, Inc. we have extensive knowledge in dealing with getting loans closed on all property types. You can call us at 714-731-5282, email us at: cfrgroup@att.net or visit our web site: www.mycommerciallendingpro.com for more on lending programs and products.
Gregg Cochran is the SVP Wholesale Commercial Lending Unit of CFR Mortgage Group, Inc. in Southern California. CFR Lends in 44 states and has been in business since 1979. Mr. Cochran has been with the company since 1992. Mr. Cochran can be reached at 714-731-5282 or via email at cfrgroup@att.net
The CMBS market is paralyzed and the CMBX says prices will fall 23 percent over the next three years. There are a lot of interest only commercial real estate mortgages in CMBS portfolios and many will begin amortizing this year. If a recession is upon us and those borrowers can’t meet their debt service requirements under the new amortization – it seems to me we have a repeat of what is happening in the subprime universe.
I am a recent college graduate who has a passion for commercial real estate and wants to become a broker. Anyway I have an offer from a smaller firm (14 agents) and am wondering if I should try to find a larger firm? Does the size of the firm make a big difference when starting out? Also should I make sure that the firm I choose does leasing as well as sales because of the current low sales volume?
Treasury Two-Year Yield Drops to Record Low on U.S. Jobs, China Growth
Treasuries rallied, pushing the two- year note yield to an all-time low, as U.S. companies added fewer jobs in June than economists forecast and China’s manufacturing growth slowed.
Read more on Bloomberg
India hikes interest rates by 25 basis points
India’s central bank on Friday hiked two key short-term interest rates by 25 basis points in a bid to tame double-digit inflation.
Read more on AFP via Yahoo! News
Duke Says Return to Pre-Crisis Lending May Take Years
Federal Reserve Governor Elizabeth Duke said that while an improving U.S. economy will help reverse a decline in credit, it may take several years for lending to return to pre-crisis levels.
Read more on BusinessWeek
RBI raises short-term rates to contain inflation
Reserve Bank of India on Friday raised short-term lending and borrowing rates.
Read more on rediff.com
The Real estate in Noida city is going to touch the height of sky due to shifting of so many people from other parts of the country and off course NOIDA stands for New Okhla Industrial Development Authority is one of the famous and biggest cities in Delhi/NCR. It is the modern and most developed district of Uttar Pradesh. Noida became famous in last few years. The city is continuously changing its structure and emerging as a developed city in National Capital Region.
from Delhi too, to this city. Noida is preferred specially by the IT people as so many MNCs are situated here and the employees who are working in those MNCs wants to reside near to their office. Noida is a perfect place for those who like to live in a city having less amount of rush and good modernity.
Taking decision to purchase Noida property could be a good decision for any individual. Its infrastructure always attracts the people to stay here. With 4-way connectivity to Delhi via DND flyway, Ghazipur, Nizamuddin and Sarita Vihar through ITO, Noida tops the popularity polls, ahead of other NCR areas i.e. Faridabad, Ghaziabad and Gurgaon. Noida is specially preferred by the working IT professionals who are working in MNCs situated at Noida. This city also contains lots of good Bungalows available for sale and residential flats on rent. One can also establish his office by selecting a nice area which will be best suited for his business.
Aware of the area’s immense potential, builders are busy constructing high-end apartments. They are gung-ho, confirming the value of real estate in this area will only appreciate allowing a recouping of expenses and the making immense profits. With the Metro slated to connect Delhi and Noida by 2009, real estate will keep on doing well.
As the metro work has also started in Noida it will give better traveling facilities to Noida people by using which they can reach to their destinations in few minutes rather than wasting their lots of hour by getting stuck in Traffic jams. Metro will not only make their life easy, but will also save lots of their time to which they can utilize with their families and friends.
Noida boasts a huge demand for residential house, in addition to massive
Commercial space on rent or sale.
With the announcement of first e-home concept called Gardenia E-Homes at Greater Noida by Real Estate developer Design Arch, attempts are made to develop the city keeping minimum pollution level in mind. The project will focus on energy saving, water saving, better indoor air quality and hygienic conditions.
Data revealed that 35.66%area of Noida is being developed as a residential area. With affordable prices of the property and various financial schemes offered by builders and the construction companies, one can easily own or rent a property in Noida. Along with development, a continuous attempt is being made to keep the city neat and clean with a slogan of “Green Noida Clean Noida”.
With around 15-20% transactions in the first quarter of 2009-10 and witnessing the heaviest population influx makes Noida real estate the hottest market. Well established sectors like sector 44 and sector 50 offering a number of buying options in residential property in Noida became one of the prime investment destinations. Adding to the value of the city is the Metro Rail Network coming up and greater connectivity with Delhi because of Greater Noida Expressway. Metro train, Taj Express Highway, Greater Noida Highway, growing BPO/IT industry and a number of other infrastructural developments is drawing the attention of the builders.
With the constant rise in population, the demand for better homes has risen considerably in North India. With most of the major cities becoming extremely populated, people have started moving to new and emerging townships which are organized and planned in a much better manner by making use of the latest architectural designs and techniques. One such emerging township is Noida which is situated in NCR and is a preferred destination among people who are looking forward to purchase or rent a house in Noida.
As Noida is a relatively new and emerging township which is immensely preferred by young, working professionals who are employed in multinational companies in the NCR, most of the townships, plots and apartments are built over a large plot thus, giving the entire city a luxurious and quality appeal.o
manav arora is big dealer ,he has a own site for this work www.allrentdeals.com