Passive Real Estate Investments

Excellent article:

Many investors are turned off by real estate because they do not have the time or inclination to become landlords and property managers. Both of which are in fact, a career in themselves. If the investor is a rehabber or wholesaler, real estate becomes more of a business rather than an investment. Many successful real estate "investors" are actually real estate "operators" in the real estate business. Fortunately, there are other ways for passive investors to enjoy many of the secure and inflation proof benefits of real estate investing without the hassle....More

Newest Myrtle Beach Preconstruction Resort!

BAY VIEW RESORT MYRTLE BEACH

COMING SOON
Myrtle Beach's Newest Oceanfront
Pre-Construction Resort

Bay View Resort

1 Bdrm City views $154,900
1 Bdrms Oceanviews $199,900
2 Bdrm Lock Outs Oceanfront $369,900
2 Bdrms Oceanfront $379,900
3 Bdrms Lock Outs Oceanfront $489,900

Location: 504 North Ocean Blvd - Myrtle Beach

All units are fully furnished.

Onsite Rental will be Available

Visit http://www.myrtlebeachcondos.net/ or

http://www.bayviewresortmyrtlebeach.com/

Myrtle Beach Preconstruction Real Estate Sales Reach Record Highs

Investors are scrambling to purchase in the first releases of projects in under-priced Myrtle Beach, only to resell them within a few months at huge profits.

Myrtle Beach, SC (PRWEB via PR Web Direct) December 13, 2004 -- Preconstruction condos are the hottest new investment vehicle to surface in many years. Investors are scrambling to purchase in the first releases of projects in under-priced Myrtle Beach, only to resell them within a few months at huge profits.

Myrtle Beach is booming and condo pre-sales are all the rage. Buyers are able to select the best locations within the buildings at the lowest possible price by purchasing when a resort is initially offered for sale. Plus developers often offer tremendous discounts or upgrade incentives to the first buyers, to establish a dynamic sales momentum for their project.

Preconstruction Real Estate Investments – How does this work?

Typically, a property owner has a piece of land with an old building – a functionally obsolete hotel, for example. The old hotel has lost its tax advantages. It can’t be depreciated anymore, and since it is old, the rental income has also declined.

New resorts require $20 to $30 million to develop, which he doesn’t have. But he does have a premium oceanfront location that his family has owned for years. What can he do with it?

The owner finds a real estate development company to design and pre-sell condos for a brand new resort. Banks require that developers pre-sell 70% to 80% of a new resort before they will finance the construction of the project. So investing in the pre-construction of a new resort is a win-win situation for the bank, the co-developers, and for the investors that purchase the preconstruction condos. The original owner will have a brand new resort in which he can retain control of the front desk rentals – a Condotel. The bank is guaranteed to get all of its money back, because buyers will be pre-qualified and the loan will be paid off when the building is finished. The buyer/investor will benefit by being able to choose the prime location and purchase the condo at the lowest price it should ever be.

To purchase new condos in Myrtle Beach, the buyer or investor will typically execute a reservation agreement with a $5000 refundable deposit. When the building is 40-50% reserved, the buyer will convert this reservation agreement to a standard sales agreement. Additional deposits are then required to total 10% of the condo’s sale price. During this time, the buyer will also be pre-approved by a mortgage company. Then they wait until the building is finished, which is usually six months to a year. At that time, the purchase is completed and they have a permanent vacation home or rental income to enjoy.

Another Option
Many investors decide not to wait until the building is finished, and are actually able to sell their sales contracts (with the developer’s approval) to other buyers for a substantial profit. Typically this happens when the building is sold out completely, and there are buyers who missed the chance to purchase during the early stages, or perhaps decided to buy an additional unit.

Investing in preconstruction real estate is one of the best opportunities for high returns and excellent monetary gains during time of low interest rates and relative national prosperity. Very few investments can offer such a high gain or instant equity – while being secured by real estate. The Grand Strand has been rated the number one favorite coastal destination by tour operators across the nation, and is in the top 20 of America’s Best Places to Retire, according to Money Magazine. Real estate in Myrtle Beach is incredibly affordable even now, but as the availability of water-front land dwindles, prices will surely increase until they equal the unbelievably expensive coastal prices of southern Florida and other prime beach resorts across America. Now is the best time to cash in on this lucrative real estate secured investment opportunity.

Las Vegas Real Estate Investments

Is the Boom Over or Just Getting Started?
By Diann Tonnesen Century 21 MoneyWorld

Real estate investors flocked to Las Vegas during
the first six months of 2004 and drove prices up an
unprecedented 35% in some parts of the Valley
according to top Century 21 agent Diann Tonnesen.
And she predicts that the beginning of 2005 will see
more of the same.

A scarcity of vacant land for developers to build on
and a continuing influx of over 6,000 new residents a
month quickly turned the Las Vegas real estate market
into a battlefield last spring. Buyers found themselves
in multiple offer situations as they competed against
up to ten other hopefuls for a dwindling supply of homes.
Much of this money was being shifted out of the California
market where rental income had hit a ceiling due to the
high prices, and savvy investors were liquidating their
properties in order to take advantage of the better cash
returns Las Vegas and Henderson real estate investments
could offer. Most new home builders quickly placed a
moratorium on investor purchases to prevent future
competition from buyers who "flipped" their new home
purchases and cashed in on quick profits. A drought
in the Colorado Rockies also caused a water shortage,
limiting development of new golf courses and subsequently
golf course homes in Las Vegas which also drove up prices.

It is estimated that more Las Vegas homes sold for over
list price in just a few months last spring than in the
previous five years combined. In July the Bureau of Land
Management auctioned off 1940 acres of unimproved land
in Henderson for a record shattering $287,000 per acre
to Focus Property Group. In order to make its winning
bid Focus joined forces with seven home builders who
will develop the parcel as a master planned community.
The home builders included KB Home, Toll Brothers,
Woodside Homes, Kimball Hill Homes, Pardee Homes,
Meritage Homes and Beazer Homes.

In late July and August, however, the dramatic upward
surge rapidly ceased as new homes (purchased by investors
who were under contract before the moratorium was
implemented) finished construction and went back on the
market. In addition, local residents who had already
toyed with the idea of moving out of state decided to
cash in on the bonanza profits as well. Through the end
of October the supply of Las Vegas homes for sale
increased steadily, investor purchases settled back to
a normal pace and prices even decreased slightly as the
market stabilized.

But the big international real estate investors are
already zeroing in on the newest "hot buy" in the
valley - luxury Las Vegas high rise condos and condotels.
Downtown Las Vegas is becoming urbanized and major
developers from all over the world have over 80 new
preconstruction condo projects on the books. Many sites
have already sold out and have not yet broken ground.
"Las Vegas has barely scratched the surface of the
luxury condo market," said Bruce Langson, a Las Vegas
native and developer of Las Vegas Central. He said
there's a 20,000-unit deficit of Las Vegas condos at
this time. Even famous actors like Leonardo DiCaprio
are purchasing units for their own private residences
as they become available.

Springtime also promises to be interesting on the
Las Vegas new homes front again. The vacant land
crunch is still in effect for the new home builders
and as of the end of November the supply of new homes
is once more diminishing as the investor owned properties
are finally selling off. Focus Property Group will not
be able to begin sales on its latest project until 2006.
Plus the baby boomers are coming into their own, and
Las Vegas is their number one retirement destination.
So look for another burst of excitement in a few months
as the dynamic Las Vegas real estate market takes
another leap in pricing.

also see our previous article
Preconstruction Real Estate Investments - Buy Now, Pay Later

For more information on Las Vegas real estate investment
opportunites please contact:

Diann Tonnesen
Century 21 Las Vegas
702-596-7821
http://www.greatlasvegashomes.com/
http://www.greathendersonhomes.com/
http://www.greatlasvegascondos.com/
http://www.lasvegasgolfhomes.info/

Preconstruction Real Estate Investments - "Buy Now, Pay Later"

Cash in on pre-sale profits in the country's five hottest real estate markets: Las Vegas, Myrtle Beach, Sarasota, Austin and Tucson. Small deposits on preconstruction properties can bring huge payoffs in appreciation for investors who purchase before building commences in the cities with soaring prices. Myrtle Beach, SC (PRWEB via PR Web Direct) December 1, 2004 -- Preconstruction condos are selling at a breakneck pace. The release of phase I of Prince Resort at the Cherry Grove Pier was evidence of that when it was sold out ($53,000,000) in the first 48 hours. Investors are snapping up 2 to 3 units at a time, as the Myrtle Beach condos market continues to be one of the most undervalued preconstruction condo markets in the country. Real estate investments continue to be one of the safest investments an individual can make in this day and age. "Getting in early on a preconstruction project can assure the investor of paying the lowest price, and of course, choice of units," says David O'Connell of NewResorts.Com, who has dominated the Myrtle Beach market for the past 7 years. He is about to release a $60,000,000 oceanfront condominium project in the next few weeks. The sizzling Las Vegas real estate market is turning up the heat another notch. With over 80% of Nevada owned by the US government, land-starved developers are going vertical to meet the demand for housing in the fastest growing city in the United States. Presales of luxury high rise condos and "condotels" along the Las Vegas Strip are skyrocketing, with over 30 new high-end projects already in progress and more opening at the start of 2005. Developers are catering to sophisticated investors by offering a bundled package of lavish fully furnished units, onsite leasing agents and nightly rentals tied to the local casinos, and the return on investment for these Las Vegas condos is so high that many projects are sold out before ground has even been broken. Anticipated appreciation rates (which hit 30% this spring) are also fueling the buzz. Some of the most expensive yet highly sought after property can be found in Sarasota, Florida. As a "city of the arts" and a tropical paradise, homes in Sarasota will always be in demand. Downtown Sarasota's bay front condos are the hottest Sarasota Real Estate right now. Within walking distance to Sarasota Bay, theaters, restaurants, upscale shopping, specialty stores and cultural centers world-class amenities are right at your doorstep. Prices range from $300,000 to $10,000,000 depending on location, square footage and water views, for a two bedroom/two bath condo. These top of the line extraordinary new condos offer breathtaking views of Sarasota Bay and the Gulf of Mexico. Inc. Magazine recently named Sarasota as "Florida's next big thing!" Another hot area for investors is Austin, Texas real estate. Since the tech market crash of 2001, this jewel in the rough has been of strong interest to investors, especially those who are able to capitalize on their equity from other hot markets. It remains quite affordable for most first-time investors, with Austin homes and condos in the $100,000 to 300,000 range, as well as duplexes. Nestled in the beautiful hill country, Austin is scenic and serene, with a chain of lakes running from west to east and thousands of acres of devoted park land and nature preserves. According to Austin Realtors, the market seems poised to take off again in 2005, with the number of homes for sale dropping slightly in late 2004, and a frenzy of home buyer activity occurring during this holiday season. All in all, one would do well to consider the up-and-coming Austin real estate market as part of a savvy investment portfolio. And meanwhile, out in Tucson, Arizona, the local real estate market is also heating up, according to Brenda O'Brien, a top Tucson Realtor. While homes in Tucson are still reasonably priced, they are starting to climb at double digit rates. October listings in the Tucson Real Estate Market decreased 20% from October 2003, and the average price of a home in Tucson was $211,240, according to the local Association of Realtors. This represents an increase of 13.4% over last year's average price. Tucson new home sales are also booming, and great homes can still be had in the $300,000 to $500,000 price range. Retirees from all over the country are choosing Tucson for the perfect weather and reasonable home prices, which add to the investment potential. By going to contract prior to construction in any of these cities investors should be able to benefit hugely from the projected appreciation increases before even closing on their purchases. Those who purchase multiple units in several projects should do exceptionally well in 2005 before rising inflation costs drive prices up even more. For more information on sales in these areas please contact: Myrtle Beach - David O'Connell Myrtle Beach Real Estate Investment Groups LLC 843-455-5500 http://www.myrtlebeachcondos.net/ Las Vegas - Diann Tonnesen Century 21 MoneyWorld 702-596-7821 http://www.greatlasvegashomes.com/Sarasota - Annette Smith ReMax Properties 941-954-5454 http://www.annettesellssarasota.com/Tucson - Brenda O'Brien Long Realty 520-918-5968 http://www.tucson-az-home.com/Austin - Jason Crouch or Jim Olenbush Austin Texas Real Estate 1-800-790-7910 http://www.jimolenbush.com/ http://www.austintexashomes.com/ # # #

Investing in Austin Texas Real Estate

From Jason Crouch, expert in investment real estate
in Austin, Texas...

Another hot area for investors is the Austin real estate
market. Since the tech market crash of 2001, this jewel in
the rough hasbeen of strong interest to investors, especially
those who are able to capitalize on their equity from other
hot markets. It remains quite affordable for most first-time
investors, with Austin homes and condos in the $100-300K
being of particular interest, as well as duplexes.

Austin is a youthful, optimistic town with an average age of 28.
The University of Texas, with approximately 50,000 undergrad
students, certainly contributes to the young spirit of the town.
Nestled in the beautiful Texas hill country, Austin is scenic and
serene, with a chain of lakes running from west to east and
thousands of acres of devoted park land and nature preserves. The
Austin Texas real estate market seems poised to take off
again in 2005, with the number of Austin homes for sale dropping
slightly over the second half of 2004 and with a frenzy of home
buyer activity occurring during this holiday season, according
to Austin Realtors.

Austin Texas is also known as the “Live Music Capital of the World”.
With its eclectic mix of venues and bands, this may just be true.
On any given night in Austin, one could see the latest independent
college band or jazz band, or catch a county music or hard rock act.
Additionally, Sixth Street in downtown Austin is lined with
restaurants and nightclubs, and this is the center of activity for
those who want to party and relax, especially on the weekends.

Austin is also well known for its schools, which is another reason
investors seem to flock to the area. There are entire districts in
Austin that are rated as “Exemplary” by the Texas Education
Agency. The Lake Travis, Round Rock, and Westlake areas all
have terrific, award-winning schools. This has propelled
Lake Travis real estate to all-time highs in ’04, while the
Round Rock real estate market is still quite affordable for most
investors. One would do well to consider the up-and-coming
Austin market as part of an investment portfolio.

News Article-A Steady Supply of First Timers

I found this article in the Sun News website, Posted on
Sun, Nov. 21, 2004, and written by By Alan J. Heavens,
Inquirer Real Estate Writer.

Interesting points in the article were:

Fully 40 percent of people who buy existing houses
in a calendar year are entering the market for the first time.
This year, if sales projections are on the mark, that number
will top out at 2.6 million homes.

The typical first-time buyer, the Realtor survey found,
was 32, with a median income of $54,500. Twenty-four
percent of respondents identified themselves as African
American, Latino or Asian.

The typical first-time buyer was 32 years old, with one in
10 under 25 and more than half between 25 and 34, the
survey data showed. Median income was $54,500, while
three-quarters of the respondents said they made less
than $75,000 a year.

Seventy-seven percent of first-time buyers responding
to the survey were white. However, 24 percent of the
total identified themselves as African American, Latino
and Asian. They also were somewhat more likely to
speak a language other than English than repeat buyers.

In Northeast Philadelphia, we have everybody," said
Chris Artur of Artur Real Estate in Mayfair. "I listed a
house recently where nine of the 10 people interested
were Asian."

"There is a real mix of first-time buyers," he said.
"About 75 percent of the less expensive houses are
being bought by investors, and the more expensive
twins by people who plan to live in them, but it is
still a definite mix of immigrant groups."

Although only 7 percent of buyers said they found
their agents on the Internet, 74 percent said they
searched for houses there. This compares with
2 percent of buyers surveyed in 1995.

More than 80 percent of Internet searchers said
they used a real estate professional to buy houses,
Lereah said.

Real Estate Marketing by Myrtle Beach Web Design

Real Estate Investment in Myrtle Beach, SC Preconstruction

Investing in PreConstruction Real Estate

Martin Brown



Preconstruction real estate in Myrtle Beach or North Myrtle Beach , SC, has got to be one of the best buys in real estate nationwide!



Oceanfront condos lead the way with 60%-70% appreciation in less than 15 months. The Grand Strand market has been long overdue for a significant increase in property value, lagging behind other hot markets in Florida and Las Vegas. Not any more. Myrtle Beach has been discovered. Investors across the country are flocking to this long known vacation destination and pouring millions into a red hot market. This trend could continue for many months or years.



Many real estate experts feel Myrtle Beach property values are still under valued and see this as a prime time to make your first Myrtle Beach real estate purchase. Some of the best deals are at www.Condolux.net, a well known real estate company.

Ocean Winds-Elegant Marsh View Condos

On the marsh, very close to the ocean, all condos will be waterfront, just a short walk to the beach, to Barefoot Landing Shopping Complex, and to many fine
restaurants and entertainment.

Planned Amenities

• Swimming Pool, Kiddie Pool, Outdoor Jacuzzi
• Granite Counter Tops in Kitchen
• Jacuzzi in Mstr Bath and 7ft Double Shower
• Large Marsh Front Balconies - 9' X 15'
• 9 Foot Ceilings
• Terracotta Tiled Hallway, Kitchen, and Baths
• High Quality GE Appliances
• Staffed Rental Desk for Maximum Rentals
• Crown Molding and Chair Rail in Hallways
• Solution Dyed Non-Stainable Carpet
• Ceiling Fans in All Rooms
• Cable TV in All Bedrooms
• Hurricane Grade High Impact Glass
• Beautiful Cedar Shake Siding
• Galvaluma Aluminum Roof

 
Visit Condolux.net for more great real estate investment opportunities.

Some Vegas Information

From Diann Tonnesen, a C21 real estate expert in Las Vegas...

Las Vegas is going vertical and Las Vegas luxury condominiums are the hottest selling properties in an already booming marketplace! There are currently plans in development for over 20 mid rise condos and high rise condos for the Las Vegas Strip area alone, as well as the new breed of investment - the Condotel. These are upscale condos built as part of a hotel casino for vacation use only. When the owner is not in residence they are leased out to hotel guests by a professional property management company on behalf of the owner.

All of these projects will have true resort style amenities with spas, concierge services, state of the art work out facilities, conference centers, gourmet dining, night clubs, and much more. There are quite a variety of themes to choose between as well, from Soho style lofts to elegant Euopean penthouses. Prices are ranging from the low $300,000s up through $5,000,000.

Most of these developments are in the planning stages, but we will be happy to procure floorplans for you. Just email us at Sold@greatlasvegascondos.com  or visit us at at Las Vegas Condos for more information.

Where's the Hottest Place for Preconstruction?

Some Beautiful Sarasota Florida Condos

Preconstruction real estate is big almost everywhere right now, but some areas are definately hotter than others. Myrtle Beach preconstruction is burning a hole in the sand right now...but it's much less expensive than most. An average 2-3 bedroom oceanfront condo here will go for under $400,000. The same real estate in Sarasota Florida would be twice that.

Las Vegas condos are really doing great as investments as well...and, again, are usually several hundred thousand dollars more than anything in South Carolina. But Myrtle Beach real estate will continue to rise in price until someday it will equal them. I would invite anyone to post an article about the preconstruction condos in their area here. The more information, the better.

Those of us who live in Myrtle Beach are seeing the prices of everything increase every day. Our golf condos are going up in value about $5000 a year. They are building everything up on the Intracoastal Waterway now, and this type of real estate is commanding as much as the oceanfront property. If you have the money, now's the time, because it is as low right now as it will ever be again. I truly believe that. Every day I am more astounded to see the volume of preconstruction real estate that is being built and sold. Our bordering NC beaches (Brunswick County) are said to be even more in demand now.

Last summer a condo project went up called Crescent Shores. It was not that large, but oceanfront and very impressive to look at. When it was pre-selling, it started out as much as $20,000 less than what it was finishing at 5 months later. Consumers were fighting over them, and the units were so hot as rentals during the summer that the tourists were renting them before the amenities were finished. They commanded and GOT top dollar for the rentals as well. I think anyone who invested in them came out with a big smile and a pocket of money...both from the price increase and from the rental income.

Condolux of North Myrtle Beach is in the middle of a preconstruction condo project right now, called Ocean Winds. It will be built on 48th Ave South, beside of the Barefoot RV Resort, and across from Barefoot Landing. The area in behind there is some of the most beautiful and pristine marshland that is left in North Myrtle Beach. These condos will overlook the marsh, be a block or so from the ocean, and will be unique and luxurious. Again, they are pre-selling like hotcakes...40-some units were snapped up in a little over a month, and at $250-$320,000 each. THAT is impressive!

From everything I've seen, anyone who can afford it needs to be looking into this kind of investment. Do a little investigating about the location, be sure the company that is developing the property is well established and respected, and get in it while it's still affordable.

Bad Development

Bahama Island Resort and Marina

This project didn't go through, and is in some serious litigation in 2007. For news on Bahama Island Resort, go to Google and type in Bahama Island Myrtle Beach. Pretty bad stuff....

Hot Preconstruction Real Estate Opportunities

Welcome to the Myrtle Beach Real Estate Weblog!

If you are interested in new preconstruction real estate or investment property, you're in the right place. I will find and link to the newest and best pre-sale opportunities that I find.