enrichedrealestate

W hy has real estate ownership been  SO IMPORTANT  to the human race? If you have been in real estate for some time, you probably have heard Mark Twain’s opinion, “Buy land, they’re not making it anymore.”  REAL ESTATE IS A TANGIBLE ASSET . You can touch it, see it, build on it, enhance it and manage it. Renters provide a return “on” and “of” the investment. Return on investment is a profitability measure, calculated by taking the profit and dividing it by the cost or value of the asset. The return of the investment is the rate at which the cost or value of the asset is returned to the owner. The  COMBINATION  of return on and of the investment provides the basis for determining investment-real-estate-purchase decisions. So, let's assume you have already purchased a real estate investment and you want to be the next millionaire. The local market is in a stability stage (i.e no measurable changes in values). Few listings on the market and foreclosures are...

In the legal profession, litigation work is the most common area of practice. More than 50% of all legal professionals participate in it. Litigation refers to a legal dispute between two or more parties that is brought to a judge or arbitrator. Specialty litigation is when a litigation case is so complicated that it necessitates specialized advice based on education, training, or experience.  A litigation case may require an attorney who focuses on professional liabilities, bankruptcy, will contests, or other specific issues. Litigators are attorneys who do litigation work. They are also known as trial lawyers. They represent defendants and plaintiffs in civil suits and manage the entire litigation process from investigation to appeals. Why should you do specialty and litigation work? Specialty and litigation work offer many advantages for legal professionals. When you are involved in litigation, every case is different, and you are doing something new every day. The sta...

Xceligent® was used by thousands of real estate brokers, appraisers, owners and vendors prior to filing bankruptcy in 2017.  Xceligent was their “go to” site for commercial real estate information.  Many times I’ve had the question, “Is there a new site like Xceligent® for commercial real estate”? We believe www.EnrichedRealEstate.com fills that niche.  It has information on over 32 million commercial properties across the United States.  Data available at no cost includes: Commercial comparable sales A Guesstimate™ for each property Sales history for each property for 10+ years Mortgage history for each property for 10+ years Ownership information, sometimes with detailed contact data Active lenders in the area for similar properties Essential property information such as year built, property type, land area, building area Maps and images including property photo, aerial photo, area map, and a flood map Tenant data is sometimes available. Enric...

Starting a business and earning an income is a rather tough subject for a lot of people. Many see it as a big investment that needs a great deal of capital. They also believe that having experience in handling businesses or great knowledge of money matters is needed.  Property Management is just one of the ways to make money in real estate. For this article, we’ll focus on property management. What is Property Management? According to Investopedia, property management is managing any type of commercial, industrial, or residential real estate property. This includes an apartment complex, single houses, warehouses, retail, offices, or shopping centers. What happens typically is that the owner of the property asks a property management company to keep an eye on their real estate for them. That means the establishments they manage are not theirs most of the time. Responsibilities of a Property Manager If you’re thinking of going into the property management industry...

Not much has changed in 30+ years in regards to technology in the Commercial Real Estate Market.  Sure, the use of the internet makes it easier and faster to obtain the information, but what else can be done to make the experience EVEN BETTER ? Where AI Stands Right Now A strong shift in AI and Robotics will begin to change the ways businesses carry out their day-to-day operations. One of the greatest advancements to date, are the emergence of industrial robots capable of autonomous and intelligent action.  They have significantly cut down the demand for human labor. In fact, the first completely humanless warehouse has recently been rolled out in Tokyo!  With their complex motion planning and when coupled with emerging technologies like visual detection, its not far off to say many warehouses will be outfitted with this advanced technology. What about Commercial Real Estate? As said before, the internet is more widely available and the cost o...

Americans are relocating to the most popular destinations that are rapidly reshaping as the retirement hotspots. Especially massive baby boomer’s retirees are choosing the second homes to spend their retirement in the most classic places. Most of the people search the beautiful scenery, warm weather and the classic style or all at one place. This reshaping is a great boom to the real estate markets across the county. The annual reports say, out of 74 million nearly 50 million Americans who were born between 1946 and 1964 had already moved out. Last year has been recorded the highest milestones made, nearly 1.2 million people aged around 55 or older has relocated out the state.  There are more and more Americans approaching their retirement to be spent in the place where they are at present. But many retirees opt to relocate once they have left their careers. Among them few seek a low-cost living location which is walkable and friendly environment. While some chooses the locati...