Wednesday, 23 April 2014

National Realty Investment Advisors Share the Real Estate Investment Checklist

According to National Realty Investment Advisors (NRIA), real estate investments are extremely lucrative diversification from financial paper assets especially for investors who are looking for long term gains. As experts in real estate investments and already known for building high valuation properties by locating unique and undervalued land, National Realty Investment Advisors has proven that if done correctly, real estate investments are stable income producing hard assets with real value and that can do wonders for your financial future.  
The buy undervalue in City environments, build at wholesale costs, and rent strategy so well proven by, NRIA, is particularly true in the case of real estate investments in the Center City area of Philadelphia, PA. Focusing exclusively on Philadelphia Investment Properties since 1996, NRIA has become the largest developer of custom Town Home rentals in the City. NRIA has a deep knowledge and command over real estate investment opportunities in Philadelphia including the different legal, zoning, permitting, building and rental codes and how to obtain very high return results safely. This is the reason why senior investment experts at National Realty Investment Advisors see a lot of opportunity for serious investors in Philadelphia.

A major reason for their excitement is the 10-year tax abatement that is offered by the Board of Revision of Taxes to people who are interested in new housing development or existing housing rehabilitation. NRIA believes that such tax abatements provide the ideal opportunity for serious and long term investors to make highly profitable and long lasting real estate investments. At the same time the tax abatement has proven to be highly beneficial for the overall development of the City of Philadelphia, something NRIA is keenly interested in.

However, the investment experts at NRIA also know that that if the proper homework and research is not done before making your real estate investment, then it may cost you the investor thousands of dollars. This is why it is extremely important to be aware of all the financial, legal and social factors before making a large investment in real estate – or have experts guide you safely.

National Realty Investment Advisors Share the Real Estate Investment Checklist

There are a number of factors that an investor should consider before making the decision to invest in real estate. However, National Realty InvestmentAdvisors highlights the 5 most important things to consider.

1. If you’re on your own Make Sure You’re Financially Ready

Although real estate investments can be extremely tempting due to their high returns, you need to be careful before you make the decision to invest your money – especially if you are going it alone. Make sure you know what it takes to be a real estate investor. It is by no means a way to become an overnight millionaire – without guidance. Real estate investments often take time to sell. So make sure you know what you’re doing or get competent expert advice

2. Have a Solid Investment Plan – or else have one prepared for you.

Any long term investment requires significant planning in order to give successful returns. When you decide to invest in real estate, make sure you have a solid plan. One of the main reasons behind the success of the National Realty Investment Advisors, according to Dan Hirshout Senior Project Manager, is to the systematic implementation for purchasing, building, and renting the real property investments of its customers efficiently. NRIA is well known for its ability to locate unique and undervalued land that can be efficiently developed for rapid earnings within 1 year. Therefore, make sure you also have some sort of a plan before you make a real estate investment – or else tap into the system of the experts.
3. Evaluate the Location Carefully 
Location, location, location, - that’s Real Estate Rule #1! Prime locations at under value prices are hard to find – but they exist. And that’s exactly what you want – Prime undervalued land. That takes study, experience, and market knowledge. In fact, location is probably the most significant factor that will decide the success or failure of your investment even if just outside prime locations. This is one of the primary reasons why NRIA prefers Philadelphia for real estate investments. According to them, Philadelphia has numerous tax, rental, and business advantages for real estate investors when compared with other Cities. Therefore, be very careful about the location of your investment and know your City. Or leave it to the experts.

4. Knowing the Right Time to Invest

If you have the opportunity to invest in the most ideal real estate property at the best location in the country, but if you don’t have a systematic acquisition, development, and rental plan it will never be the right time to jump in. Proper due diligence and property value, rental potential and newly built re-sale value is what creates the right timing. There are always good deals to be uncovered with the proper due diligence investigatory tools due the vast size of the real estate market. It just takes expert digging it all out! Today since the enactment of the Dodd-Frank banking regulations, creation of a truly independent appraisal process, requirements that all buyers/borrowers be able to pay and prove full income documentation, and the write down and recalibration of all balance sheets and inflated values written off since the time of the 2008 financial crisis, we are now in the most stable US Real Estate market in history. Those controls along with the government’s deep regulatory involvement in controlling interest rates make now the time to invest in discounted properties. A below market value proven property with good rents is always in vogue and meets the test of time.

5. Hire Professional Real Estate Investment Consultants

The safest approach, of course, is to avoid the risk of losing your investments to wrong decisions and lack of knowledge by hiring professional real estate investment consultants. However this group is few and far between to find since they often just work for themselves or large institutions. The right Professional consultants are not only well aware of the most potentially profitable investment properties, the best locations and the best times, but are also well aware of all the different legal and financial implications of your investment. This, again, is one of the primary reasons why real estate investment consultants, like National Realty InvestmentAdvisors have been hugely successful, providing both undervalued locations, under value construction builds, coordinated financing, five-year rent guarantees, and 10 years of no property tax in the right locations.

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