Wednesday, December 14, 2011

How to Start a Brick and Mortar Business - A Step by Step Guide in Building a Business

!: How to Start a Brick and Mortar Business - A Step by Step Guide in Building a Business

1. Do your research. Figure out what business is profitable in your chosen location. You can do a survey to know what people would like you to offer.

2. Check on your competitor. After knowing the best business to put up, check the people who are also offering the same items on the same location. If there are so many people who are selling the same product and the demand is not that high, consider another business as stiff competition can make it challenging for you to make decent sales.

3. Find the best location. You would want a place that is accessible to your target market or a place that thousands of people pass by on a daily basis. Obviously, this can help you attract more attention that can lead to increased sales.

4. Permits and license. Depending on the type of business that you would like to put up, you will need license and permits to operate. Check out from your local government to know the requirements. Put this on top of your priority list as this can take some time.

5. Financial backing. Unless you have the money to spend for your initial investment, you will need to apply for loan from banks and other financial institution. You will need to submit a thorough business plan and proofs that you can pay them to increase the chances of your loan being approved.

6. Supplies. Tie up with reliable suppliers who can give you all the items you need in a timely manner. Build good relationship with these people so you won't have problems with your stocks later on.


How to Start a Brick and Mortar Business - A Step by Step Guide in Building a Business

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Wednesday, November 23, 2011

FHA Loan Restriction

!: FHA Loan Restriction

From all the available home financing loans available in the market today, the easiest one to comply all the requirements with is the FHA loan restriction. These loans are insured by the Federal Housing Administration of FHA to help most Americans that belong to the lower income brackets who cannot qualify for conventional home loans. Now, because of the current credit crunch, the FHA had announced a lot of changes that would really help millions of Americans had been badly hit by the housing crisis and the worst recession this country had seen in the past few decades.

One good thing on the FHA loan requirement for income is that they don't require you to have a minimum income for obtaining a loan. But it is important to keep in mind that you must be able to prove that you have a steady and stable source of income for the past three years.

Some of the allowable income sources that you can determine would be Social Security income, retirement pension payments, child support and even unemployment compensation! It could also come from a part-time job or from quarterly or yearly bonuses that you receive as long as it is sufficient and are steady.

They will also require you to present your billing statements, whether on utilities like electricity or credit cards, so it is a must that you had been able to pay these bills on time.

In terms of FHA loan restriction on debt to income restrictions, they will allow you to use not more than 29% of your total income in paying your loan at the total of 41% on housing loan payments including other debts that you may have. This is quite liberal compared to what conventional loans would require you. It only allows you a maximum of 28% on housing and a total of 36% including your other debt.

The down payment specified by the FHA loan requirement is also very lax. As of January 1, 2009, FHA had only imposed at least 3.5% of the total loan amount for down payment! This way beyond what conventional loans would ask you to shell out. Because most of these loans are uninsured, they require paying at least 10% of the total loan amount.

Aside from that, credit score requirements are lot more flexible in FHA loan restriction than that of conventional loan restrictions. Some states require borrowers of FHA loans to have at least 580 whereas conventional loans requires you a credit score of 720. Some private lenders can even grant you an FHA loan even without a credit history. They even offer you flexible payment options. Just ask your lending officer for details on this.

What's even great is that even if you had bad credit history, they can still allow you to re-establish access to credit if a bankruptcy or tax liens have been paid in a span of two years or if the borrower had made arrangements on how to pay the debts.

All in all, FHA loan is simply allows everyone to have the key to their dream home.


FHA Loan Restriction

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Sunday, November 20, 2011

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Friday, November 18, 2011

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    Sunday, November 13, 2011

    Construction Loan Calculators

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    Although construction loan calculations are only an approximation of the real expenses that the borrower will have to face, they are a very handy tool when it comes to getting an exact idea about the expected construction cost.

    Simple construction loan calculators receive a few fields as input and then output the expected monthly payment that the borrower will have to pay to the lender. The input fields are described below.

    The construction loan amount is your best estimation of the amount that you believe you will need in order to complete the construction plan. This is an approximate sum of all the costs that you will have to pay during the period of the construction. It serves as a good estimation for the overall development cost. The overall development cost is usually the amount of money that the borrower applies for.

    The interest rate is the rate that you agree to pay to your lender. Interest rates differ among various financial institutions. Additionally, compared to other types of loans, construction loans tend to have higher (worse) interest rates. This is because of the nature of the investment; the lender assumes a high-failure risk and thus, the interest rate increases.

    The months of construction field is to be filled with the expected number of months that will pass during the construction phase. Please note that theory is something completely different from practice. Theory assumes no (or minimal) obstacles during the construction phase; however, in practice, the procedure of construction is delayed many times due to unexpected problems.

    Some calculators support an Average Outstanding Balance field. This field depends on the financial institution and is typically around 60%.

    Finally, the construction interest calculator will give you the expected monthly payment; this is what the borrower is due to pay the lender every month.


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    Thursday, November 3, 2011

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    Wednesday, October 26, 2011

    Green Construction Project Management and Cost Oversight

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    Green Construction is a specialized and skilled profession, and the author has extensive experience in this field. With this in mind, the reference is designed to provide practical guidelines and essential insights in preparing competent and professional looking ?Project Analysis Reports? and ?Project Status Reports?. The book also provides numerous tips on how to phrase the language of reports in a manner that is articulate and clearly understood by Real Estate Lenders and investors, as well as being an indispensable companion for both information and stimulus.
    Written in a conversational manner, this book will clarify the nuts and bolts of green construction, finance, and cost monitoring? as a profession, and will outline the many attributes required to being successful in this field. Moreover, it will scrutinize the mechanics of organizing monthly meetings, contractor payment certifications, budgets, change orders, construction schedules, code compliance, waivers of lean, and much more.
    Drawing on over 30 years of personal experience across the world - both as an employee and as an employer, the reader will learn how to plan and implement sound business strategies and form alliances in a global context. The book also offers important information and penetrating insights into the process of setting up and working as a due-diligence consultant. In a clear, practical style, it will be explained how to identify opportunities for business development and how to maximize return. It will also articulate how to meet new challenges as well as avoid many of the pitfalls along the way.
    For the individual professional, this guide provides useful information and tips to help secure a high paying professional position. The book will include amongst other things, up-to-date information on hundreds of useful contacts. Topics covered in this guide include: types of services offered, the consultant's role on the construction loan team, what the lender needs to know, and marketing techniques. The guide will also include a comprehensive appendix that will contain numerous sample letters (e.g. for marketing and certification), building loan agreements, AIA forms, lender/consultant agreement, closeout documents and much more. Likewise included will be an extensive list of useful references from a variety of resources, and much more. Indeed, this handbook will be the most detailed & comprehensive program on the market. It meets all the criteria of a major work and will provide vital and absorbing reading.


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    Saturday, April 16, 2011

    market Mortgage Loan

    Finding a industrial mortgage loan is easier than ever. A industrial mortgage loan is a company loan which is secured against a industrial property. A industrial mortgage loan is probably the best way to finance the purchase of structure and land for company purposes. A industrial mortgage loan is often taken out from a lender, when a company or an private is considering purchasing speculation real estate. The best industrial mortgage loan is ordinarily going to be the one that will maximize your total Roi. Lenders will commonly expand up to 75% of the value of the property against which the industrial mortgage loan is secured but may be willing to offer more. Our industrial mortgage loan is flexible and excellent for businesses of all sizes.

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    Refinance, new purchase and construction loans available. A national lender with over 1250 loan programs. Helps you close quickly, since your loan is already approved. Shopping for a loan can be difficult. That is where an experienced loan officer can help you make a decision that is best for you. To enhance your chances of getting a loan approval:Fill out the loan application completely. Your loan will commonly close shortly after you have signed the loan documents. We can help you find the loan schedule you need to suit your definite situation. Our industrial team includes licensed mortgage brokers that specialize in arranging industrial property loans and financing. You can trust us to find the loan schedule that's best for you.

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    Nice Design by :Over All Rating Reviews : Great Deal : $9.95Date Created :Apr 16, 2011 09:33:07
    This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on September 1, 2009. The length of the article is 345 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

    Citation Details
    Title: MBA-supported bill targets FHA multifamily loan limits for elevator buildings.(Commercial)(Federal Housing Administration)(Mortgage Bankers Association)
    Author: Unavailable
    Publication:Mortgage Banking (Magazine/Journal)
    Date: September 1, 2009
    Publisher: Mortgage Bankers Association of America
    Volume: 69 Issue: 12 Page: 82(1)

    Distributed by Gale, a part of Cengage Learning

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    You can find hundreds of industrial property lenders on industrial Direct U.S.A. There are, however, a few base factors that lenders look for when processing a industrial loan, whether it be online or not. The first ratio industrial lenders look at is the Loan-To-Value Ratio. Lenders ordinarily also look for the credit score and assess the financial health of the borrowers before contribution bad credit mortgage. Most lenders want the borrower to make a down payment of 20 percent minimum of the purchase price. industrial mortgage broker that finds lenders and arranges loans for industrial real estate projects ,000,000 and up. Get free industrial mortgage loan rate quotes from foremost lenders like industrial Direct U.S.A. industrial mortgage lenders use the actual expenses plus further hold backs, such as, off-site management, vacancy, transfer reserves, repairs and maintenance, etc.

    Fees Obtaining a industrial mortgage loan is significantly distinct from obtaining a residential mortgage loan. And did you know that packaging a industrial mortgage loan is far easier than doing a Fannie/Freddie residential deal. If the industrial real estate property securing a industrial Mortgage Loan is located in a flood zone, the industrial Mortgage Loan may be covered by a flood insurance course as required by law. A base misconception made by borrowers when apply for a industrial mortgage loan is that the bank or industrial lender only uses the expenses from the property when calculating the Noi. A ten year industrial mortgage loan is carefully a very long term industrial loan. industrial Mortgage loan is the best for industrial property as it is requisite for company prospects, growth,merging or commencement.

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    Saturday, April 2, 2011

    Lombard receivers: 21 cents for every dollar

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    www.interest.co.nz first receiver report Lombard Finance Ads with Greek or Roman columns Just like you want to see the proposal of a bank was, it was as safe for home loans for homes, but it turns out, the loans were developers of housing, most were second or third most of the loans were interest will be repaid at maturity, if the loans were only the largest property loan to the buildings sold to Brooklyn Wellington Created by Nigel Melrose, paid by leaky building, accusedBuildings in Auckland more money be invested to develop Lombard only partially complete full PwC receivers John Waller and John Fisk expected that these loans are so bad, and sell the apartments to the market is so difficult that investors with NZ $ 111 000 € 000 is back only 21 cents to 44 cents on the dollar - if they are lucky not have the services of PwC chief executive Michael Reeves has maintained a systematic error in the financial market for collateralized suffering a result, it issorry dodgy dodgy lending to projects to develop the work entirely in bonds lessons from this story, Watch the concentration of loans to developers, home loans are the most interest on the repayment of which projects have been completed yet, is how diversified the their funding

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    Wednesday, March 30, 2011

    market construction Financing - What's in a Good construction Loan Package?

    As a industrial mortgage broker I converse with aspiring industrial developers on a daily basis. Often times I am surprised by their lack of specific knowledge as to what it takes for a industrial building task to collect financing. This description will discuss what should be included in a good loan submission holder for a industrial amelioration project.

    The last thing you want to happen to your financing proposal is have it land on the bottom of the pile on a bank loan officer's desk. Every loan holder for a industrial building task should consist of a few essential elements or it will be ignored, or even denied.

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    The first element of a good industrial building loan holder is the administrative summary. The administrative overview describes the task in paragraph form and it describes the project, location and general strengths of the deal.

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    Asset building has become an increasingly important component of social welfare policy in recent years. For families seeking to build assets through home ownership, raising credit scores is often a key element of their prepurchase efforts. Low income and minority families in particular can struggle with poor credit scores and seek Homeownership Education and Counseling (HEC) services to assist them to raise their credit score and access affordable mortgage credit. This book examines the effectiveness of credit counseling within HEC services on credit scores. Quantitative data were gathered via preand one year post-counseling credit scores from 203 clients who obtained pre-purchase credit counseling. Qualitative findings from a focus group of HEC credit counselors shed light on the role of credit counselors in HEC services and difficulties encountered in interfacing with the sub-prime mortgage market. This book is addressed to community development, mortgage finance and public policy professionals and researchers.

    The second essential ingredient to a loan holder is the detailed resumes of the task law and the general contractor if he is not already a principle. The resume should consist of a detailed list of actual projects completed. specific contact is a key component of the loan package.

    Pro-forma projections on the task and the net wage incredible are required. A detailed cost breakdown and diagnosis should also be included. Data on the property-demographics, absorption studies, marketing and supervision plans, etc should all be included. The more detailed the Data the better.

    A personal financial statement for all partners, the general contractor and all enterprise partners for the last three years is required.

    Information should be provided on all pre-sales along with proof of the pre-sales. Banks and lenders like to see at least 50% of the task pre-sold.

    The three most important ingredients in a industrial amelioration loans are money, experience, and pre-sales. You need to have 2 of the 3 to have a shot. You need all 3 to be assured.

    Most of these deals fall down in the financials and the pre-sales. And upon digging, often lack of contact shows up as well. The minimum you need to get a quote is the administrative overview and the pro-forma. The rest is needed to submit.

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    Thursday, March 17, 2011

    Commercial real estate lending guidance finalized.(CAPITOL BEAT): An article from: Units

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    Nice Design by :Over All Rating Reviews : Great Deal : $9.95Date Created :Mar 17, 2011 17:20:33
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    Citation Details
    Title: Commercial real estate lending guidance finalized.(CAPITOL BEAT)
    Author: Gale Reference Team
    Publication:Units (Magazine/Journal)
    Date: January 1, 2007
    Publisher: National Apartment Association
    Volume: 31 Issue: 1 Page: 10(1)

    Distributed by Gale, a part of Cengage Learning

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    Thursday, March 10, 2011

    New commercial Equity Loan Creates Liquidity

    Commercial construction owners have struggled for decades on how to effectively and economically tap their commercial property's equity. This lack of liquidity seems to be one of the biggest complaints in commercial real estate ownership; equity rich, cash poor, as the saying goes.

    There are a few new options however for the small commercial asset owners (both investors and users) that are turning heads. Historically, accessibility to commercial equity via loan products has been very limited, and for good reason. Second lien position behind a detach financial custom is one of the riskiest positions for a commercial lender to be in.

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    However, in the past, small local banks have been known to take on these types of loans assuming that the combined loan to value and debt coverage ratios were strong - typically less than 60% Ltv and over 1.4 on a Dcr. Banks wrote these lines roughly like a firm loan that happen to be secured by the commercial building. The banks also, wanted a depository "relationship," as bankers all the time say, with the borrower.

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    Discover how to use activity-based management to improve your bottom line

    The first book of its kind to focus on activity-based management in the financial services industry, Activity-Based Management for Financial Institutions: Driving Bottom Line Results will show you how to drive changes to your organization's bottom line.

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    Developer of large sophisticated projects also have had 2nd lien position loan options, called mezzanine loans. But these types of loans are commonly only ready to very experienced and prosperous developers working on projects over ,000,000.

    Interestingly, a few lenders have recently stepped up and created commercial equity lines aka commercial lines of credit. The consequent is liquidity never before known for small construction owners. Highlights include no upfront fees to close loan (no appraisal, no title, and no environmental fees), combined loan to values up to 75% and relatively low interest rates at Prime plus.75% - 1.25%.

    We will see in time how much of an impact these commercial equity lines make on "Main Street" Usa, but one thing is for certain: commercial asset owners have more loan options now, than ever before.

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