LOS ANGELES--(BUSINESS WIRE)--RealtyMogul.com, a leading online marketplace for commercial real estate investing, today announced the launch of its first commercial real estate fund, MogulREIT I. Structured as a real estate investment trust (“REIT”) with a minimum investment of $2,500, the fund is open to nearly all* investors and offers the potential for consistent cash dividends and equity appreciation.
MogulREIT I has been designed to offer investors a number of distinct advantages. By investing in the “REIT,” investors will gain access to a diversified pool of commercial real estate investments with one single investment. The fund intends to invest in a variety of commercial real estate, including multifamily, retail, self-storage and office.
The fund is also designed to have low fees. Traditional non-traded “REITs” employ a highly manpower-intensive sales method, resulting in upfront sales commissions of 7 percent, on average, and total expenses of up to 15 percent.** By offering MogulREIT I exclusively on its platform, RealtyMogul.com affords investors direct online access to the product with no sales commission and offering expenses capped at 3 percent.***
“Beyond the zero commissions and lower fees, the fund’s strategy is exciting because it allows us to leverage RealtyMogul.com’s hundreds of inbound inquiries for financing on commercial real estate and curate them to find suitable opportunities,” said RealtyMogul.com CEO Jilliene Helman.
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Showing posts with label Real Estate Investment. Show all posts
Showing posts with label Real Estate Investment. Show all posts
Most Important Question to Ask Before Considering Home Flipping
Daniel Goldstein writes in MarketWatch:
With low interest rates, tight inventory and high demand for entry-level homes, the number of houses being flipped (i.e., bought and resold within 12-months) in the U.S. in the first quarter of 2016 reached nearly 44,000, or 6.6% of the total home and condo sales in the U.S. That’s the highest percent since 2006, when nearly one in 10 houses bought was a so-called flip, according to Irvine, Calif.-based RealtyTrac, a real-estate research group.
The article lays out why a number of factors are creating the favorable current conditions for house flipping. The question I hear when talking with most first-time home flippers is what is the single most important thing to consider if you've never flipped a home before?
The answer is always the same. It's all about the price you but the home at, not sell. The author asked a seasoned real estate lender his thoughts and he said:
While it seems backwards to think the money is made on the front end of the deal rather than the back end, that’s just how a veteran house flipper approaches it, said Richard Levine, president of Greenbriar Lending LLC in Rockville, Md., a private lender for real-estate investors who has personally worked on or financed about 500 flipping deals.
It's a great read for anyone considering, flipping a house for the first-time. One thing I would add for the first-time home flipper is that you want to do 10X the amount of research you think you would need.
Flipping a home offers a significant potential for profit or pitfall. Having as much analysis as possible, should help minimize your total risk.
Lastly, as the author noted is helps to have a number of friends or professional acquaintances that are familiar with the real estate industry.
To be a successful home flipper, you’ll need a lot of friends, especially friends who are contractors, home inspectors, accountants and lawyers, not to mention real-estate agents.
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