By Lou Carlozo/GOBankingRates
The real estate market can be tough for everyone -- whether you're a buyer, seller, agent, broker or an investor. One minute the market can be hot -- the next, it's barely sizzling. The only way to become a true real estate expert and net a significant profit is to learn from the best.
So whether you're looking to buy a home this HALO CAPITAL SITE spring, sell a current property or try your hand at investing in the real estate market, remember these 13 insider secrets -- they could help you cash in big time.
This article was originally published by GOBankingRates.
When Thomas Friedman published The World Is Flat: A Brief History of the Twenty-First Century, the title entered the English language as an explanation of globalization's impact on economics all the way to households -- not only in the United States, but also in other nations.
In Friedman's book, the discussion is vast, the linkages complex, the outcomes unpredictable, making it a challenge for the casual reader.
David Smick has written a response to Friedman, The World Is Curved: Hidden Dangers to the Global Economy. Smick lauds Friedman's book but thinks it has become dated through no fault of the author. Smick directs Johnson Smick International, described as a "strategic market advisory firm that works with hedge funds and major financial institutions."
Many readers might not understand Smick's job description, much less what he actually does day to day to affect the health of currency markets.
Hoping to remove some confusion, Smick decided to write a book with an obvious allusion to Friedman's. Sure, the world is indeed flat in some ways. For the financial markets, however, "The world is curved. We can't see over the horizon. ... We are always being surprised, and that is why the world has become such a dangerous place."
Offering valuable historical perspective, Smick explains that international financial markets have always been plagued by uncertainty. In recent years, the unknown factors have multiplied.
"There are new players with new perspectives," Smick says. "All of a sudden, a huge pool of funds is competing around the world for investment opportunities. Bankers, business people and governments in industrialized economies are now competing with entrepreneurs, start-ups and old state-controlled companies in emerging economies to attract those funds.
"With new kinds of securitized debt, mezzanine investing and outrageously complicated financing instruments, it is almost impossible to figure out what is going on at any given time. Investors need new kinds of information to make good decisions. But exactly what information is that? And where do they get it?"
At that point, still in the book's prologue, a lay reader might ask: Securitized debt? Mezzanine investing? Huh? Help!
Smick does his best to define terms, using non-specialized language. Chapters with titles such as "Tony Soprano Rides the Chinese Dragon" and "Japanese Housewives Take the Commanding Heights" certainly help.
Many readers will be familiar with the home loan debacle in the United States because so much has been written about the subprime market -- a relatively small and previously obscure market of financial instruments tied to mortgages made to borrowers with unstable or no credit histories.
But what does the subprime crisis have to do with the financial world being curved? An anecdote from Smick illustrates the answer: A small village in the north of Norway saw its "entire financial future destroyed because its financial managers invested heavily in a Citigroup product called a collateralized debt obligation.
When the housing markets an ocean away in Florida and California collapsed, the debt obligations soured, and the Norwegian village had to shut down kindergarten and health care services for the elderly."
That example begins on Page 4. Little in the rest of the book provides cause for optimism. Perhaps, just perhaps, a combination of government policymakers, private-sector lenders and entrepreneurs across the curved globe will come together to offer a modicum of stability.
That, however, would mean understanding the causes and effects of global financial crises. If Smick is correct, such understanding might transcend the limits of knowledge.
Byline: ARTHUR MACDONALD
MANAMA: Investing in property-backed mezzanine debt instruments in
the US offers particularly good returns at present, according to Bahrain-based Investcorp,
The asset management firm specialising in alternative investments,
yesterday held a knowledge sharing seminar hosted by Investcorp's
head of placement and relationship management James Tanner.
The theme of the seminar was "Real Estate Mezzanine Debt: An
Historic Investment Opportunity".
It focused on "mezzanine" finance, which is the debt
market in property between equity and senior debt.
"It is an increasingly important source of capital in US
commercial real estate acquisitions, development, and refinancings, as
well as demystifying the US real estate market by explaining the
different characteristics of the US residential and commercial real
estate markets," said Mr Tanner.
"In today's illiquid market, mortgage debt is difficult
to get, is expensive and comes with very onerous conditions.
"This has increased significantly the demand for mezzanine
debt. At the same time, high quality and sound performing commercial
real estate assets in distressed situations are becoming available at
"Under such circumstances, investing in commercial real estate
mezzanine debt can produce equity-like returns with significant downside
Mr Tanner said that mezzanine finance currently offered the level
of return associated with equity finance with the risk outlook of bonds.
Current returns on good investments opportunities were around 10
per cent annually with the possibility of an 18pc yield over the next
five to six years.
Investcorp's real estate department has a track record of more
than 200 debt and equity investments totaling over $10 billion and more
than 100 exits with aggregate value of approximately $4bn.
Investcorp Real Estate Mezzanine Fund I was formed in 2006 and is
fully deployed while Investcorp Real Estate Credit Fund I was formed in
2008 and $175 million has been deployed.
It currently has some $600m invested in the mezzanine debt in the
US market, the only property market it operates in.
"We favour the US market because of its scale opportunities
and the legal redress in Event of possible financial problems associated
with the debt bond,." Mr Tanner added.
Copyright 2009 Gulf Daily News
Provided by Syndigate.info an Albawaba.com company
SANTA CLARA, Calif.--(BUSINESS WIRE)--Crossbar, Inc., the Resistive RAM (RRAM) technology leader, today announced it has completed a $35 million Series D funding round. Tyche Partners, Oriza Holdings and Cheerful Link joined all of Crossbars existing investors in the round, bringing total investment to $85 million to date. Crossbar plans to use the funds to continue the commercial ramp of its game-changing non-volatile (NVM) memory technology.
The future of electronics innovation rests largely on
CHICAGO, IL, Oct 08, 2015 (Marketwired via COMTEX) --TransUnion TRU, -1.76% released today CreditVision Link(SM), thefirst credit score in market to combine both trended credit bureaudata and alternative data sources -- creating a mor
Geez, I haven't financed a car for 8 years, but the one time that I did not pay cash I made certain the financing was approved PRIOR to handing over my trade-in and driving the car off the lot. That is the best thing to do if you can.
However, I saw this happen to a friend of mine and this is how it went. He bought a car and drove it off the lot and left his trade-in at the dealership. Three days later, they called and said the financing fell through and that he'd have to bring the car back. So he did expecting to be given his trade-in and downpayment back. Uh. . .no.
They had already shipped his trade-in off to a wholesaler. They offered him a car from their used lot that wasn't even close to what he had wanted to buy stating that, that was the kind of car they could finance for him. They flat out refused to locate his trade-in and give it back.
They had the nerve to start the financing paperwork for him on the used jalopy and had applied his downpayment for the new car to the used one and thus could not "release" the down payment.
If that wasn't bad enough it got worse. He demanded an explanation and a copy of his loan application. The salesman had neglected to include his shift differential pay to his annual income which made a significant difference (this is why you should always double check you application and not let the salesman "help" you with it). He pointed out the error and the salesman told him he was still out of luck because he signed it and refused to resubmit it.
As luck would have it, the owner of the dealership was in for an annual spot check and my friend grabbed him and told him what was going on. After much discussion and threat of a lawsuit, he got to keep the new car after verification was made that there was more income than stated on the application.
I drove my friend home to get his W-2 and he presented it. Not good enough, verbal verification was still needed. 2 days later they told him to pick up the new car and that financing had been approved, but they stuck him with a hefty application fee (he did sign the incorrect document and was out of a car until he agreed to pay it, so he did) and he had been driving a rental car.
If there had not been an error though, to answer your question, yes the dealership took the car back.
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