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Todd Lubar has been active in the world of real estate for over 20 years. Lubar got his start in 1995, as a loan originator with Crestar Mortgage Corporation. However, this conservative role would not hold his interest for long. With his intelligence and skill level, Lubar was soon ready for bigger and better things.
In 2002, Lubar started Legendary Properties, LLC. This company focused on residential properties: buying, remodeling and selling them. Legendary Properties quickly profited on over 200 homes by following this winning formula. These holdings were diverse, ranging from stand-alone homes to multi-family buildings.
Such resounding success only whetted Lubar’s appetite for more. In 2003, Lubar got into the business of lending in a bigger way than ever before. He opened Charter Funding, and as the years went by his knowledge and holdings expanded. Following the recession, Lubar understood that the market for new homes had changed. He cannily got into the demolition game, and bided his time until the market for homes recovered.
Recently, Todd Lubar got involved in lending to underserved clients. He did this by forming Legendary Financial, LLC. In helping people achieve their dream of home ownership, Lubar has found perhaps his most rewarding career shift yet.
Lubar is well known for his dedication to ethics and family, in addition to his business successes. As he has matured, so has his outlook. His two children form the core of his lifestyle, which still demands a lot of travel. In addition to his home in Bethesda, Maryland, Lubar spends a great deal of time on the west coast.
Adrián José Velasquez Figueroa Gives Advice On How To Become Successful On The Panama Real Estate Market
Adrián José Velasquez Figueroa is a professional executive from Venezuela. Figueroa holds multiple positions in companies throughout Panama, including director, treasurer, and president. Adrián José Velasquez Figueroa has established a great reputation in the Panama business community, as he helps businesses grow, while giving guidance to young future leaders. Adrián José Velasquez Figueroa is also dedicated to improving the economic conditions in Panama.
Figueroa states that in order to buy property to rent in Panama, you should show serious commitment, and not look at it as a passive investment. Adrián José Velasquez Figueroa has tips that can help you avoid mistakes while looking for the right property in Panama. Learning these investment tips can help you maximize your investment and gain a profitable income.
Choose The Best Neighborhood
Once you have done your research on property values in Panama, then it is time to choose the right area to purchase your rental property. For example, Panama City has a broad condominium market on Tumblr. There are properties on mountains and islands. However, the real estate in Panama City is more expensive than in other places. Some neighborhoods to consider in the condominium market include Punta Patilla, Casco Viejo, and El Cangrejo.
Buy at Below Market Prices
When purchasing property according to Figueroa, be sure that you are purchasing property at a low price so that you can make a profit. If the value of the property goes down, there is still the possibility that you can charge tenants enough to cover costs. It would be wise to consult with a broker who has an understanding of the real estate market in Panama.
Be Aware of Panama Rental Laws
You must become familiar with all rules regarding real estate in Panama. Do research on Laws Rentals in Panama to learn more information.
Inspect The Construction
Throughout Panama, the quality of buildings can vary greatly. Take time to review the history of the developer. Talk to some brokers who are familiar with the developer. When the property needs work done to it, more money must be invested to receive good tenants says Figueroa. Talk to a housing inspector who can help identify any potential maintenance issues, along with estimated costs.
Make sure you have access to public and private services. Many tenants will want access to pools, gyms, social areas, and private parking all day long. If you do not reside in Panama, then decide who will manage the property, and stay in contact with tenants.
Over the years certain amenities that used to be perks at hotels have grown to become expected by guests, according the 2016 North America Hotel Guest Satisfaction Index Study,SM done by J.D. Power. Perks such as free WiFi, premium bed linens, free parking, and complimentary breakfast have now become standard at many hotels, rather than luxuries. The study found that out of all the reviews left on social media sites, the majority of those reviews left (75%) were positive. Only 13% were negative. In addition, the top hotel brands this year that ranked highest for customer satisfaction were: Ritz-Carlton, Omni Hotels & Resorts, Hilton Garden Inn, Drury Hotels, Wingate by Wyndham, Microtel Inn & Suites by Wyndham, Hyatt House, and Home2 Suites by Hilton.
Terry Baltes is a real estate expert who is the founder and operator one of the premier real estate companies in Dayton, Ohio, Baltes Commercial Realty, Ltd. He began the company in 1977, and has been a key member of the team since day one. Terry founded the company after completing his education in 1972 at the Ohio State University where he graduated with three Bachelor Degrees: Marketing, Finance, and Real Estate. He knew after completing college that starting his own business was the right decision for his future.
Terry Baltes has built Baltes Commercial Realty, Ltd into a successful company that has brought in over three billion dollars in sales and has numerous satisfied clients. The key to the company’s success are the values that Terry has instilled in it since the day he founded it: dedication, focus on action, and place an emphasis on maintaining relationships with the clients. Thanks to Terry’s vision and successful implementation, Baltes Commercial Realty is still going strong after 36 years and Terry shows no signs of slowing down anytime soon.
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Before the United Kingdom voted to leave the European Union, London’s once red-hot real estate market had already begun to cool. After the referendum, the cooling sent chills down the back of some sellers, who responded by dropping discounted asking prices even further.
The vote, Prime Minister David Cameron’s resignation, and a slowing economy has culminated in a fear that one London real estate agent said could only be topped by war.
For a market that has soared for years on the back of foreign interest, some sellers cannot get out fast enough. But for those global buyers, this storm of events has created the perfect opportunity.
According to one report, London saw a 38% jump in real estate sales in the week following the referendum. This spike was primarily driven by a drop in the British pound, which declined as much as 15% against the dollar following the vote.
London has long attracted wealthy foreign citizens from places like Asia, Russia, and the Middle East. Combined with softening prices, the depreciated currency created attractive investment opportunities for those looking to buy in dollars.
Time will tell if the real estate market has found a bottom. Some analysts do not believe the recent surge will continue. Given the current weakness, some sellers are planning to ride out the storm in hope of seeing a recovery. Conversely, risk-averse buyers are willing to wait and see if property values continue to sink.
iFunding is a real estate investing marketplace that connects retail investors and institutions with real estate operators who need financing. iFunding seeks to revolutionize real estate investing because of the companies access to commercial projects using its web platform and reporting process.
William Skelley is the founder of iFunding. Skelley is an alternative investment professional who has a passion for accredited crowdfunding. Accredited crowdfunding allows investors the opportunity to merge small amounts of capital together to make investments in large scale opportunities. Skelley is responsible for business development activities at iFunding. Skelley has been instrumental in advising his clients on transactions involving the capital structure. Skelley’s areas of expertise include crowdfunding and real estate financing. Prior to founding iFunding, Skelley worked at General Electric, Olympus, and as an adviser to several developing countries. MarketWired also notes William as being responsible for new hires at iFunding, including the recent appointment of a new Vice President.
iFunding offers commercial real estate opportunities centered around office, industrial, retail, and multifamily. iFunding strives to protect investor interests. Using debt investments, iFunding’s investment entity takes a lien on the property, and may seek out a financing statement. Investors are among the first participants to get profits using the preferred equity project. iFunding holds the title as security to the property.
iFunding creates and manages a Single Purpose Vehicle LLC, which combines all the funds that investors have contributed. iFunding invests on your behalf. Some of the financing that iFunding provides includes senior debt, preferred equity, and mezzanine debt. Preferred equity deals with generating profits. iFunding investors and the sponsor split the revenue based on prior terms. Senior debt is secured by collateral and fixed income. Mezzanine debt is seen as subordinated debt, usually second position in stack, income, and term.
iFunding conducts webinars to show the real estate offerings and go over questions from investors. iFunding discusses its opportunities with its partners. iFunding will also address all investor questions. Once the fundraising is complete, iFunding allows people the opportunity to keep track of their investments through using an online dashboard, as well as notifications through email.
Recently, iFunding hired Daniel Drew as the Vice President and Head of Real Estate. Drew’s tasks and responsibilities include growing iFunding’s business development and platform offerings. Drew has a history of structuring and under writing equity and real estate transactions. Drew also brings his expertise on sales, finance, and trading to iFunding. Check out the registration page online, or check out the Google app for iFunding that William Skelley helped to develop.