How can I prove physical/legal feasibility of a Real Estate Investment Proposal??
I have to do a project for a class where i have to propse a real estate investment project. I need to prove that the investment is physically and legally feasible. Any suggestions or ideas on things i could include to prove this?? The investment will be for the purpose of rental income and I was assigned a single family residence.
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Answer by kansasjenni
I think what that means is that you need to show the title is clear, the home has no liens, the home passes an inspection and possibly an engineers report. That the home is a bargain show the land value, and home value from the county tax office. Search google for (county name) tax appraisal district, and then search by address. Show that the taxes are current or of nominal balance owed. Do a market analysis of the area, you may get lucky and a realtor might help you out by giving you a copy of a recent one they already did. If the house needs work but is in a good area you can resale it and make a profit. Any lender likes that because if the property forecloses they can get money back on it. You have to show every aspect of why they SHOULD invest in your investment. Make them believe that if they pass it up they will be making a mistake. Since this is a class, you may say that you have already received a voucher from a lender, so your credit is good. You may add in something like consideration of the age of the home and what sort of maintenance costs your looking at that would be above the income you would make renting the property. Your income vs. expendature ration should be in the black. If you can't get a real market analysis, just make one up. You could say that as a backup plan if you can't find a renter you are willing to rent section 8. Good Luck and HAVE FUN!!!
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B.C. announces appointment of an investment and trade commissioner
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Premier Christy Clark is appointing an investment and trade commissioner to promote and advance British Columbia's trade and economic interests and strengthen the Province's government-to-government relationships in Asia.
Learn more: www.newsroom.gov.bc.ca/2013/10/bc-announces-appointment-o...
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