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Why Referrals Need to Be a Big Part of Your Commercial Real Estate Business (home improvement loans)

By Darin Garman

 ”Courage is rightly considered the foremost of the virtues, for upon it all others depend”

Whether you are an apartment investor or commercial real estate investor, one thing that can have a positive impact on your business is referrals. What I am talking about is an existing or previous tenant that refers a new tenant to move in or lease a commercial space.

Most investors do not think about this strategy in their business. It is a mistake to overlook this strategy, especially if you are an office or retail real estate investor. One good referral can literally mean thousands of dollars in your pocket.

There used to be a time in my business that to get a referral, I would simply “hope” that I would get one from one of my tenants. I was never proactive about getting or asking for a referral, but just hoping that a referral would be a natural byproduct of good service. So it was kind of a cross your fingers and maybe you will get a referral from a tenant.

Well, after years of getting little, and even no referrals at times, I began looking at my business more closely. I was beginning to discover this was the one of the best ways to get new business. I decided this area needed more attention.

The main reasons are:

1) There is little or no cost in getting the referral.

2) There is little time involved in getting the referral.

3) Referred tenants are already predisposed to rent space from you.

It would be smart for you to think of working more on the referral side of your business. Any time you can have little cost and big payoffs it should be exploited as much as possible vs. just hoping for the best. In the near future I will share how to actually create a system that automatically generates referrals rather than leaving it up to chance.

Do you want to learn more about investing in commercial real estate? Click the link below for my FREE 7-Part Investment e-Course, and I’ll also send you my FREE special report and teleseminar access, “How to Buy Apartments and Commercial Real Estate With No Or Low Money Down.”

Download it free here: Commercial Real Estate.

You can find the best Mexico real estate deals right now while the economy is still recovering

By wmabra

 In the little town of Puerto Morelos, Mexico you can find a great deal right now on a two bedroom home. These homes are located in a residential subdivision about 12 minutes from the the Cancun airport. From the subdivision getting to the beach by car is easy. You just drive 5 minutes into Puerto Morelos and you have swimming, snorkeling, fishing and many other things to do.

If you have ever wondered about owning a 2nd home or a vacation home or investment property in mexico right now is the very best time. the economy is beginning to rebound but it will still take a little more time. In the next six months to one year you can find the most bang for your buck with Mexico real estate.

These homes each have 688 sqaure feet of space with a front parking area and a backyard. There is also a park area for residents. Additionally there are some ancient protected Mayan ruins in this area.

staff writer from Riviera Maya real estate news

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Foreclosure Numbers Throughout the Nation’s Housing Industry

By Nick Adama

 One of the largest unavoidable concerns for homeowners today is the seemingly overwhelming number of foreclosures throughout the nation. 2008 was a devastating year. Foreclosure activity was rising 90% nationwide from 2007. Some localized areas were far worse, such as California which saw an increase of 150% between January and February of 2008. These statistics are a little outdated, however, since as of September 2009, nationwide foreclosure statistics have seen a small improvement. The best news is localized, however, as many of the current statistics are encompased on a nationwide level.

The main areas that real estate investors and homeowners look at when considering nationwide foreclosure statistics are the number of foreclosure filings in a certain area and the price of properties in those same areas. The current numbers suggest that there may finally be light at the end of the tunnel in terms of theproperty market. Five of the top markets have seen a lower number of filings. Michigan’s figures have decreased by just over 4%, California is down by almost 5%, the number of filings in Texas has declined by more than 7%, Florida is down by 8.5% and Arizona has 9% less filings now than in 2008. Colorado has the most impressive improvement, seeing foreclosure filings drop an impressive 13%. Unfortunately, these promising statistics are not true nationwide. West Virginia, for example, actually had an increase in foreclosures in excess of 17%.

Cities in the states that saw improved numbers of foreclosures are showing great improvement with a smaller number of exceptions to that fact. Phoenix demonstrated that the number of foreclosures decreased by more than 8%. Foreclosure rates in Memphis fell by almost 12% and Miami showed the most improvement with a 14% drop in filings. Several other cities also saw decreases in their numbers, but these are the most impressive foreclosure statistics nationwide.

The prices in the housing market are also important in evaluating the health of the country’s real estate. Four out of the top five markets in the country have seen an increase in prices. This is great news for homeowners who are looking to sell, although similarly bad news for those wishing to purchase homes at the lowest prices possible. In both states of California and Florida, the percentage of price rises is under 1%, but that amount can make a difference. Michigan, another important real estate market, saw home prices go up by 1.4%. Texas was the most impressive with an jump of 4.8% seen in housing prices.

To wrap it up, nationwide foreclosure statistics are improving overall, but not everywhere. This increases in prices and decreases in foreclosure filings may have a lot to do with federal government involvement in the housing market. Hundreds of billions of direct aid and subsidies to homeowners and buyers have directed huge resources from the rest of the economy back to the housing market. Numerous foreclosure assistance programs have also been created to keep property values artificially high and foreclosure rates low. The big question is how much longer the government will be able to prop up home prices, and if there will be an even larger decline if the programs and subsidies end.

Nick writes for the ForeclosureFish website, which gives homeowners the information and resources they need to avoid foreclosure on their own and fight back against the bank’s lawsuit. The site describes numerous solutions to save a property, including foreclosure refinancing, deed in lieu, loan modification, stopping a sheriff auction, bankruptcy, and more. Visit the site on the web to read more about how you can avoid foreclosure and eviction, repair your credit, and establish a long term financial plan once a crisis is over: http://www.foreclosurefish.net/

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Thursday, January 21st, 2010 at 8:50 pm and is filed under realestate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.