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The main reasons why Egypt grabbed the attention of property investors are its stable economy and comfortable standard of living. Currently, property in Egypt is still affordable, but as potential investors become increasingly aware of the amazing opportunities the country has to offer property prices are expected to rise quickly.

Still widely considered as very promising, the Egypt property market has already shown strong returns for early bird investors; in some cases returns have been as high as 20-30%.The government has stepped up its promotion of the country and is dedicated to modernizing Egypt’s communications and transportation networks in preparation for the arrival of visitors to the country.

The popular Red Sea coastal resorts and main cities of Luxor, Alexandria and Cairo, have received the main attention from overseas investors. In particular, the past few years has seen a major series of construction initiatives in the coastal resort regions. Increasing tourist figures in these areas have resulted in large increases in demand for property in Sharm El Sheikh, Hurghada, Marsa Alam and El Gouna.

So why has Egypt increased in popularity such much in the past few years? Generally, people are drawn here for its interesting and exotic culture and traditions, yet it also manages to be modern in its provision of amenities. Egypt has the advantage of being just a short flight away from most major European cities, the country offers the ideal climate, has a remarkable beautiful g coastline and a variety of activities to participate in. Today, the country has a strong economy and with the government actively working hard to encourage tourists to visit, these factors lay solid foundations for investors looking for long term returns from property in Egypt.

The success of a country like Egypt is dependent upon the tourist industry and as more people see the advantages of travelling here things can only get better. In particular, property prices remain low in comparison to other European property hotspots such as Italy and Spain. These low prices, coupled with the increasing prices of other major European holiday destinations due to currency fluctuations, have made sure that an increasing number of overseas tourists will be visiting Egypt in the months to come.

As more visitors flock to its shores Egypt has experienced an increased demand for high yielding short term holiday rentals. Also, as the Egyptian climate is good all year round there is the opportunity for year round holiday rental. Budget airlines have already set up flights to the Mediterranean and Red Sea resorts, minimizing the time the journey takes as well as the cost. There are regular flights operated by British Airways and Egypt Air between Heathrow and Cairo International Airport where a connecting internal flight easily can then be taken to the various coastal resorts of Sharm el Sheikh, Taba, Marsa Alam and Hurghada.

Over the long term, investment opportunities for Egypt real estate are positive, for anyone thinking of investing in property here this is the best time to do something about it as the economy is steady. The Egyptian government is promoting the country to overseas investors through tax breaks and a simplified purchasing procedure. Labour costs in Egypt are low, tourists are arriving in their thousands every week looking for rented accommodation, and the standard of living is improving within the country.

Long-established home buying destinations, such as Spain and Turkey have been the leading destinations for property investment for many years but they are fast being overtaken in favour of Egypt. As Egyptian resorts continue to provide first rate amenities and the number of visitor’s increases the potential for rental returns is high.

Information about the Author:

Mark Burns has extensive experience in the overseas investment property market, specializing in property and real estate and through the Offplanworld.tv website provides extensive coverage on the world’s major property investment markets including Egypt property.www.offplanworld.tv/africa/property_investment_in_egypt/ If you wish to buy property off-plan or need investment advice please visit the website. www.offplanworld.tv/

Real Estate Articles: http://www.article-buzz.com

 

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Many people start a fix and flip project because they have a certain skill or simply go into the project thinking, "How hard can it be, right? I'll just learn how to do install cabinets, or do basic electrical or plumbing, or ____," you fill in the blank. The savvy investor must ask him or herself this question, "Is this the highest and best use of my time?"

When my husband and I decided to start a real estate investment business we focused primarily on fix and flip projects. One of the largest expenses in a real estate investing fix and flip project is of course, the labor. We decided immediately that we would not be "suckered" into paying outrageous rates for labor and opted instead to do much of the work ourselves. My husband, Jon, is a pretty handy guy and is not afraid to learn something new. In fact, flipping houses seemed like a perfect fit because of his background in project management and did I mention that he is generally a pretty handy guy?

Now, this does not mean Jon was an expert electrician, or plumber or even carpenter for that matter, but we figured he could learn as he goes and that the contractor would be happy to give Jon a little on-the-job-training as they go along. Are you laughing yet? Great idea, right? Our fairy tale contractor would just be thrilled to have the work and would not mind at all to give some pointers along the way. I think we must have been on something that night because people looked at us like we were more than a little loopy.

The contractors who were open to our handy idea didn't mind and gave a lower quote than the others because of the extra help, but the quality of work that we would get was marginal at best.

Actually, I even got into the game and tried my hand at painting, landscaping and other odd jobs. Paint is a breeze, right? Let me just say that I never want to paint another wall in my life. Between the paint and landscaping my hands felt like, well, a construction worker's hands, because they were. The daily activities became a full time job and then some. Between shopping, painting and landscaping, it all seemed never-ending.

Other considerations when planning your project as it relates to contractors are the city requirements. In fact, when you hire a contractor many cities want to know who you are working with, that they are licensed, and require that they register and obtain a business license with that particular city. Check with your local offices because each city has their own guidelines. It is just something to be aware of.

In addition, one must be careful to have a subcontractor agreement, establishing your relationship as a subcontractor and that they are not an employee. There are forms online or go to your RE lawyer for the appropriate wording so that you are in compliance with your state's laws.


Jon working side by side with the contractor was a weakness in our overall plan. Our little experiment didn't work out very well as you might have imagined. There was no accountability for completion of a project and our project was invariably behind schedule without very much recourse at all. I mean, really, who's fault was it anyway? Another concern was the increased liability issues since we were all working on the same projects. If something had gone terribly wrong fingers would be pointing in every direction. In hindsight it was a bad plan but we learned from our mistakes and quickly made sure, on future projects, to get quotes by job from each contractor. Whether it's getting the whole project quoted or singular projects quoted by subcontractors, it is critical to get your information and quotes in writing. This will save from misunderstandings on the back end and give you stronger recourse if something were to go wrong.

I say sub all the way and keep your fingers out of their projects. Let the subcontractors do what they are great at doing and keep the accountability and liability clean. There are many reasonably priced contractors and subcontractors out there that are willing to work with investors which to them translates into repeat customers. Don't think for a minute that any money you pay them is wasted or that you are being "suckered." They perform a service and if they know that you are a real estate investor who plans on doing this regularly, their ears perk up and their quotes go down.

Stay busy at the business of putting together great real estate investment deals and leave the contracting work to the contractors. This may not make sense for everybody but the most important question remains this, "What is the highest and best use of my time."

About The Author

Michelle Rene Garcia is the Founder of http://www.AvoidRealEstateNightmares.com, an investment training company that provides monthly resources for real estate investors looking to protect their wealth and make wise investment decisions to build their fortune. Please visit Michelle at http://avoidrealestatenightmares.com/visit

About The Author

Kristie Tamsevicius turns entrepreneurs into the lavishly paid, in-demand experts in their field. Learn how to attract customers & gain visibility while successfully promoting your business online with our FREE report "Web Branding Secrets" at http://www.brandingonthenet.com/branding1.htm.

Acquiring or buying a property for commercial purposes involves huge funds and hence borrowings play a key role in real estate business. Even if there is sufficient finance at hand to own a property usually one prefers to borrow as the surplus money can be used for other business purposes. Cost of a loan is what a borrower thinks all the time as it is crucial in deciding the fate of the loan seeker. And it is all the more important in commercial real estate matters. Commercial real estate rates therefore should be carefully studied before taking the loan.

Commercial real estate loan rates depend on some basic factors. First of all it should be made clear that commercial real estate loan rates are usually lower interest rate loans. The rate of interest depends on whether the loan is secured or unsecured. Any secured loan comes at lower rate of interest rate and unsecured one with bad credit history on the top of it comes at higher rates. In case of commercial real estate loan lenders keep the very commercial property the borrower intends to buy as collateral. With the loan fully secured lenders provide commercial real estate loan at lower interest rate.

Usually commercial real estate loan rates are lower in the range of 6-7 percent. This means buying any real estate is cheaper through commercial real estate loan. But lower interest rate also depends on lender to lender and credit history. In the competitive loan market each lender has own rate of interest. Compare them and further lowered interest rate can be achieved. Your credit history also determines the rate. A good credit history certainly gives more confidence to the lender and he can lower the rate of interest. Another way is to see how much you are borrowing in relation to the value of commercial property. If the borrowed amount is way lower than value of the property you can take a reduced interest rate. See if you can make a larger down payment so that borrowings remain smaller. Surely for taking commercial real estate loan at lower interest rate one needs to fulfill some high condition like good credit history.

In case you are not that highly qualified borrower, you have the option of ‘hard money’. There are lenders who are willing to accept risks in lending money to say bad credit people at high interest rate. Hard money loans for commercial real estate buying may range 12-16 percent based on risk factors.

A lot on interest rate front depends on how many commercial real estate loan providers have you studied and compared. These lenders can easily be approached on their websites. Compare individual interest rates and settle for the suitable lender. Apply online to him for fast processing and approval of the loan.

Commercial real estate loan rates are usually lower rates but a lot depends on how much eligible a borrower is. Good credit history and lesser borrowing as compared to the value of collateral certainly enable in taking a reduced interest rate.

About The Author

Tim Kelly is an expert in finance having completed his LLM in Finance (Master of Laws in Finance) from Institute for Law and Finance at Frankfurt University. He is currently working with CommercialRealeStateLoan as a financial advisor. To find commercial real estate loan, commercial real estate loans, commercial real estate loan rate, commercial real estate loan major in UK that best site's you need visit http://www.commercialrealestateloan.co.uk.

Have you ever stayed up late at night hoping to catch the infomercials on how to make it rich in real estate? No money down! Or spent endless hours reading this how to or that real estate success story book, maybe even gone to a boot camp or two? … None of which have helped…

I once read that if you read 7 books on a subject, that doing so, will make you an expert. I am not so sure it will but it does add a considerable amount of confidence to you as you prepare to introduce yourself to your new world.

What I find fascinating is that they all have a slight twist on the same goal.. The goal of buying real estate below market value, for as little money invested as possible, then selling for a profit. The American Dream… Get rich in real estate… We have all heard that the only way to become obnoxiously rich is to invest. In fact, when we are born we are slapped on the ass to breath and told get rich through buying real estate. No wonder why so many of us are choosing real estate as the means to wealth.

Every home type cable channel has their own version of the “How Too” “Flip this”, or “Rehab that”, programming that brags “make more money than you have ever made before, and you don’t even have to know how…

I wish it were that simple.. It is/was for some of you I am sure and I imagine as you reflect on your beginning, as you tried figuring out your tomorrow, doing so was the most frightening battle you faced. But here you are, a success, the one that people will look at now and say, “if he can do it, I can too”.

As the year quickly approaches its end, I sit reflecting what I have accomplished and how to help those new investors who want so badly to create their paradigm shift on riches. What little hint or knowledge can I give to turn the light bulb on? Can you hear the rally yell, “You can buy houses too”?

And you can… My wife, being a third grade teacher tells me all of the time, that the reason most don’t jump in is because they like the security of knowing they have a paycheck coming and that their retirement is being taken care of, or that the health insurance coverage is too costly to give up. And I politely tell her, that in two weeks this month, I will have earned what it will take her all year to earn. I feel bad for those that have the attitude that they cant make the change because of fear. Fear is a great emotion, we can either let it stop us or we can use it to succeed.

Most investors don’t ‘Burn their Boat” when they start… most look at this career as a part time career at best. They keep their day job as a subsidy to their income until that big break. That one investment that will get them to go over the top.. That big deal…

I understand that saying to your wife/husband, girlfriend/boyfriend “honey I quite my job today and we are going to be rich” is not something that easily flows out of ones lips.. I am also not so certain that entering into this career slowly isn’t the best option for most investors.

So here you are ready to make millions. Eager and willing to do something, but what? What is the first step to fulfilling the promise given to us a birth?

This may sound so cliché, but in my opinion you must set your goals first. You will not succeed by determining the amount of money you want to make, but instead what do you want out of this paradigm shift? Decide in the beginning those things that will drive you to success. Sure some are going to be physical possession but I bet some of them will be spiritual and mental.

So if you would, go grab your wife/husband, girlfriend/boyfriend and say these words to them “ Honey would it be okay if we started making more money”? If their answer is yes then get into your car and drive. Stop by a store to buy

1. 24” x 36 poster board
2. Glue stick.
3. Set of magic markers
4. Scissors

After you’re done buying your supplies drive to the neighborhood that you always wanted to live in, the ones that only those “rich” people can afford. Drive around and look for houses that are listed for sale. When you find them ask yourself if you would like to live there” If the answer is YES then take a flyer out of the flyer box. Don’t let size or price get in your way. BTW call the agent and make an appointment to see the inside…

Then drive to the auto dealership and pick out the car you have always wanted… Take it for a test drive, smell the interior… What color is it? Pick out the accessories, from rims to navigational system. Don’t forget satellite radio either. Find out how much it costs…CASH… get a Broacher on it.

Now drive to the chain bookstore, they’re open late so you wont have any problems getting in.. Walk over to the magazine section and start looking through the vacation magazines for that special vacation you have always wanted.. Don’t tear that page out of the book, just pay the 4 or 5 bucks they want..

Now here is where it gets fun, there is something in that bookstore that you have always wanted. Maybe it is a how to book on loosing weight, maybe a book on the best colleges to send your children, even a book on your faith, what ever it is buy it.

Now find the section on real estate investing and buy the book with best cover… Don’t worry about content.. Maybe it says, “Zero to a Million” or “Get Filthy Rich” but it must say or show something that makes you inspired…

Now walk over to the coffee area and sit down together and cut out the pictures of the vacation, and the other book. Cut the cover off of the investment book, cut the car out of the Broacher. Using the glue stick glue the pictures and cover onto your poster board not in any order just so they flow. I would put the cover of the investment book on top as I would want to focus on it all of the time.

Now on the top portion of the poster board write, “these are my goals and I will achieve them”.

Somewhere on one side write the words “I am a great person and I am worthy of having nice things”

On the other side write “ God loves me and wants me to become wealthy”

On the bottom, each of you sign your name and put the date.

After you get home place your poster somewhere where you can see it everyday, and everyone else who comes over can see it too. Don’t hide your goals from those who know and love you. AND don’t hide them from yourself…

I know this has nothing to do with real estate investing; you wanted some wisdom that would get you going. But I was reminded today as I began my journey to learn to swim a mile, it’s on my poster, as the young swimming instructor told me to cup my hands to hold water so that I could place my face, submerging my nose in the water and blow bubbles that learning starts with a desire.. We can not succeed unless we set a goal and follow a plan, sure there will be times that you will breath water up your nose and want to quit. Today my task to learn was blowing bubbles, tomorrow who knows but I will learn to swim a mile… And you will learn to buy houses too!

Good Luck,
Michael Quarles

About The Author

Michael Quarles is a successful real estate investor, broker and trainer located in Bakersfield, CA. http://www.REIU.com.

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