Richard Lehman, noted investment advisor, puts it this way: "Think about it, what better way to bail out debtors and clear out an excess housing inventory than through inflating the value of hard assets and at the same time diminishing the value of debt claims?" And all the government entitlement programs are keyed to the rate of inflation, so the politicians look like heroes.
As much as I like appraisals, I must admit I love an experience realtor. They not only give you more comps than an appraiser, they know what's going on in the neighborhood. They know what people are looking for in houses in their area. But here again, you must tell the real estate in Marbella. not to give you a number just to make you happy. You want a price that the house will sell for in a reasonable time period.
REGISTERED AGENT OR RESIDENT AGENT. An LLC requires a real estate development. resident agent to serve on behalf of the LLC. It can be a business entity or individual that resides in the state where LLC was formed. For example, if you live in state of New York, you can list your name and address as a registered agent, or hire a company to represent the LLC. If the LLC is formed in another state, it is necessary to have a registered agent in that state.
3 Read 1 or 2 books that deal with personal development and real estate. Everyone's favorite in Chicago, if not the US, is Rich Dad Poor Dad by Robert Kiyosaki. His book is a benalus great eye opener and helps adjust one's thinking about wealth. For real estate, Keller Williams' The real estate company or service. Estate Millionaire, has interviews and bios of many investors throughout the country.
I would leave those renovations to the expert investors or the true contractor investors. Also, you usually only find investors doing these type renovations in the higher end homes and neighborhoods. This is because adding larger room additions and changing the original layout of the house can be recouped with the higher selling prices. And even at that, you will usually only find these being done in pricier neighborhoods.
Banks are also getting in the mix. Obviously, banks are the sole financiers of any real estate market and unfortunately the cap between them and condo developers has widened to about $3 billion currently. That is a serious investment issue. If banks are nervous about the currently luxury market their credit line will decrease significantly. Factors on the world stage don't help the market either. The United States and Europe have experienced drastic economic instability over the last several years, and world banks have taken note of that and are preparing themselves in other markets. copyright is no stranger to recessions either. During 2011-2012 the country experienced a housing market bubble that it won't soon forget, and banks certainly haven't forgotten either.
I believe you will do well by choosing The Neil Co. Century 21 Real Estate. It's a great company with great management, good history, and professional brokers.