Types of Real Estate Investments

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From a client the other day:  “Can you talk to me about the different types of real estate investments?”

Well yes I can and yes I will.

Real estate investments can be divided into income-producing and non-income producing investments.  Just as the name suggests, there is some real estate that will make you money (produce income), and those fall under four types:  offices, retail, industrial and leased residential.  All things considered, of those four, offices are probably the most lucrative and yield the highest return on investment, but all four are sound.

Non-income-producing investments such as houses, vacation properties, and the like, do not make an investor monthly income but they do make money through capital appreciation over time.

Which is the best investment?  That’s like asking which is the best tasting, an apple or an orange.  Some investors will swear by purchasing rental homes and having a monthly income from their rent.  Other investors enjoy buying homes and flipping them for a large gain after making improvements. Still others bet on the long run and buy properties on spec that they will one day be worth more when expansion increases in the area.

The only certainty in real estate investment is you need to work with a real estate professional who can guide you through the process and help you to make the right decisions.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

 

Finding a Qualified Luxury Real Estate Agent

boshLuxury real estate agent…..pretty easy words to type, right?  Four simple words.  Any real estate agent could post them on their website.  It’s no more difficult than posting “real estate agent;”  just one more word.

So if any real estate agent can claim to be a luxury real estate agent, how is a person looking for luxury real estate to really know?  How do you know which agent really has the experience necessary to find you suitable luxury real estate, or which agent is capable of finding a buyer for your luxury real estate?

Those are questions worth asking, because if you are buying or selling luxury real estate, your transaction will be worth millions to you; so by extension, the decision on a real estate agent will be worth millions to you.

Who has the experience you need?  That’s the first question you need to ask as you decide on a real estate agent.  Who has a track record of buying and selling luxury real estate?  Who has the connections?  Who has a network established among luxury real estate buyers and sellers?  Who is trusted by high-end customers?  Who is recommended by other real estate professionals?  Who understands the market in which you wish to buy or sell?

Yes, any real estate agent can claim to be a luxury real estate agent, but only a few can meet the requirements set forth by those aforementioned questions.  Do your homework before you buy or sell.  Make sure you’re getting the best.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Avoiding Mistakes When Investing in Real Estate

Alla Road Front Yard Small Final

Investing in real estate is still one of the wisest choices one can make when contemplating the future.  Despite the vagaries in the market in recent years, real estate investment continues, over the long-run, to show substantial gains for a savvy investor.

Avoiding mistakes when investing in real estate obviously is of utmost importance.  Here are four steps you can take to avoid common mistakes:

  • Plan your investing process before you begin. Never plan as you go.  No what your bottom line is.  Know your available resources.  Know when you need to exit.
  • Gain as much knowledge about the real estate market as possible before beginning. Remember that every local real estate market is different.  Familiarize yourself with the areas you plan on investing in.
  • Develop a team of professionals i.e. bankers, real estate agents, inspectors, contractors who will help you along during the process.
  • Have a realistic view of your cash flow. No matter how badly you may want a property, if the price of that property is too much, or the future repairs are too much, you need to step aside and let that opportunity pass by.

Taking this realistic approach will not eliminate all problems, but it will certainly eliminate the majority of them.  Real estate can be a very lucrative investment, either for renting out or flipping, but that does not mean that caution should not be exercised.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

Vacation Rental Services for You

palm springsCheck out our link on our website that says “Vacation Rental Services.”

You see, athlete relocation isn’t just about moving you to a new city.  At Sportsrelocation.com we look at the bigger picture of life.  We start with the basic premise that a professional athlete is a busy person, bombarded with decisions and responsibilities.  Most do not have the time to handle all the tasks associated with a move of any kind, long-term or short-term.

So we had this idea.  As we were building our network of professional athletes and celebrities, we started compiling a list of those who would be willing to rent out their luxury real estate for vacationing athletes.  We kept our eyes open for other properties as well because we have a very active real estate company.  We are affiliated in all fifty states, so, as you might suspect, our network grew, as did our list of vacation homes.

All of this is great news for you, of course, because it means that if you are planning a vacation, and you don’t want to spend a week or two in a hotel, we can find the perfect luxury vacation home for you.  Our goal is to pair you with property that provides the highest levels of relaxation, privacy and sophistication.

We provide you with what you need.

We provide you with what you want.

We make your next vacation happen.

Try us out.  Give us a call, tell us where you want to vacation, and then let us work our magic with our vacation rental services.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

How Do We Define “Good Location” in Real Estate?

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You’ve heard it often over the years.  The most important thing in real estate is location.  We all nod in agreement, but do we really know what that means?  What makes for a good location?  How do we determine if a piece of real estate qualifies as “good location?” Is it just in the eye of the beholder? One man’s castle is another man’s hovel?

To a certain extent, good location is a subjective matter.  If a piece of property has everything you are looking for in a home, and it satisfies you completely, then isn’t that a good location even if some experts say no?

Still, there are certain things that real estate agents and most buyers look for when they scout location.

  • Is the home in a safe neighborhood?
  • If you have a family, are there good schools nearby?
  • Is there easy access to conveniences like shops, restaurants and stores?
  • Is there access to water or does it have a view?
  • Is it conveniently located near freeways and major access roads?

If you can check off those five qualifiers, chances are you are looking at a viable piece of real estate that will have good resale value down the road of life.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Athlete Relocation Means New State Laws and Statutes

yolanda smith sports relocation

Practically all athlete relocations involve a move out-of-state.  Rarely does an athlete get traded or sign with a new team in the same state, and this brings up some new considerations that are worth mentioning and being aware of.

In a perfect world, all states would have the same laws and statutes but unfortunately, that is not the case.  Being aware of these new statutes in your new state can literally save you millions of dollars during the time you spend in a new state.

New state equals new tax rules.  It is mandatory for your financial success that you are aware of these changing tax rules.  If there a state income tax?  States like Texas, Las Vegas and Florida have none.  Are itemized deductions the same in your new state?  Does your new state tax interest income the same as your old?

What are the community property laws in the new state?  There are nine community property states.  How will that affect your finances in the case of divorce?

And if you have had estate planning done in the past, it should be reviewed by a lawyer in the new state.  Some new documents might be required in your new state and you need to be aware of them.

Troublesome?  These things don’t have to be.  Work with professionals who can guard you against these legal potholes.  At Sportsrelocation.com, it is our job to make sure you have a smooth athlete relocation transition from one state….one team…to another.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

Selling a Home is Not Just About the Price

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I was reading an article recently that said the single most important factor to consider when selling a home is the home price.  It went on to say you should never overprice the home because you have no wiggle room for negotiations.  It also said that the difference between a quick and satisfying sale, and one that drags on for months if not years, is the price you have offered the home at.

Yes and no!

If real estate pricing were that easy, every real estate agent would sell homes within a week or two.  So many factors go into the pricing of a home for sale.  There are so many outside factors that also affect matters.  You could list your home at the absolute best price imaginable and it might still sit for months because the economy is bad, or there simply isn’t much demand for a luxury home such as yours, or a plethora of other reasons.

The bottom line is this:  selling real estate is not an exact science, and it is not a business for amateurs.  Always….always….go with an experienced real estate agent.  Sit down and work with him or her.  Make clear your expectations.  Listen to their advice.  Find common ground and agreement before a price is settled upon.  This is one of the greatest financial decisions you will make, and you need all the expert input you can find.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

What’s Best for You? Lease or Buy Luxury Real Estate?

Sports Relocation Athlete Relocation

If you look at the different links on our website, you’ll see one that says “Real Estate Listings,” and if you click on that one you’ll see a section for Luxury Leases as well as properties that are for sale.

Should you lease or should you buy?

This is not an easy question.  There are so many factors that enter into this discussion and we can’t possibly cover them all here, but let me just say that this decision is different for a professional athlete than it is for some guy, or gal, working on the production line at Toyota.

Most Americans have a job, they raise a family, and they buy a home as a symbol of that family life.  Their kids will grow up in that home.  They will work thirty years and retire in that home.  They see that decision to buy a home as one that will cover many years.

Not so with a professional athlete.  They face questions like “how long will I be playing in this city,” and “will I be traded soon?”  The average professional athlete faces athlete relocation every three years.  Does it really make sense to purchase luxury real estate when chances are excellent that you won’t live in it for longer than three years?  Is that really a sound investment?

That is why we have a network in place that is just for leasing properties.  We work our network to find, for you, the very best in luxury real estate that is for lease.  We will work with you on all the financial factors and help you to make an informed and wise decision.

Is leasing right for you?  Give us a call and let’s talk.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

What You Should Look for when Buying Luxury Real Estate

yolanda smith sports relocation

What should you look for when buying luxury real estate?

The obvious answer to that question is always location, location and more location.  But what else?  What other features are usually looked for by luxury real estate buyers? What other features are high on the resale value list?

Without going into too much detail, we can tell you that unobstructed views are important, as is natural light.  We can tell you that the higher the ceilings the better.  We can tell you that uniqueness is important, and in particular architectural uniqueness.

There should be practicality to the way the home is laid out.  Is there enough room?  Are the rooms situated logically? Is there room for entertaining and for growth?  Is there plenty of storage space to handle growth?  Are there special amenities like a gym, so important for many professional athletes facing athlete relocation?

And there is one other thing you should look for when buying luxury real estate…..look for what you want.  After all, you are the one who will be living there.  You are the one who wants that home to feel like home.  Only you can tell what feels right to you.  A home could have all the things listed above and still not feel like home.  You know what I mean.

So yes, bring your shopping list when you are house-shopping, but don’t forget the intangibles….how does it feel to you?

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

 

Is It the Right Time to Buy Real Estate

Sports Relocation Athlete Relocation

Is it the right time to buy real estate?

Just one of the many questions we get daily here at Sportsrelocation.com.

Prices on existing homes are still below the height of the real estate bubble of 2005.  Interest rates are still at very low levels.  But still, many buyers are waiting and debating.

Is this the right time to buy real estate?

This may be the best time in the next ten years to buy real estate!

Interest rates cannot continue at these low levels for too much longer.  Prices on existing homes are rising in value each year.  There is a shortage of inventory across the country which can only mean an increase in value for existing inventory.

A better question to ask would be this:  why wouldn’t you buy real estate now?  Why would you wait?  If you have the resources and you have the desire, now is the time.  Period!

Give us a call.  No matter where you plan on relocating, Sportsrelocation.com can find the right home for you.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

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