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Advice Pool - Secrets of Making Money from Real Estate - Part 3
Great, now how do I actually INVEST in real estate?
Investing in real estate will get easier the more you do it. The first deal may take some time, but like anything, the more you do it the better you'll become. Here are some guidelines for investing in real
Investing in real estate will get easier the more you do it. The first deal may take some time, but like anything, the more you do it the better you'll become. Here are some guidelines for investing in real
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
estate.
Establish how much you can borrow:
Know your limits. Don't go looking for $400,000 houses when you can only afford a $200,000 house. Before you invest real estate you must know how much you can borrow from your lender. This can be anywhere from 80%-10
Establish how much you can borrow:
Know your limits. Don't go looking for $400,000 houses when you can only afford a $200,000 house. Before you invest real estate you must know how much you can borrow from your lender. This can be anywhere from 80%-10
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
0%. If you are investing for the first time, banks will most likely only want to lend you 80%-90%. Once you've established good relations with the bank after five to ten deals, they will most likely be willing to cut you better deals and offer 100% financing.
Some pr
Some pr
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ivate lenders may offer you mortgages and home equity loans of 100%-125%, be careful with these especially if they are individuals. Their motives are often only profit.
Most people dread seeing their banker, hoping that THEY will approve your loan application. Howeve
Most people dread seeing their banker, hoping that THEY will approve your loan application. Howeve
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
from my experience, you need to show the bank who's boss. By this I mean:
- Do not deal with only one bank, big mistake. Deal with lots of other banks and let the banks know about it. Send out your loan application to as many banks as you like. The best bank that co
- Do not deal with only one bank, big mistake. Deal with lots of other banks and let the banks know about it. Send out your loan application to as many banks as you like. The best bank that co
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
mes back with the best deal wins.
- Always negotiate, just because the "Offered interest rate" is 6% does not mean that they will not lend you lower. Be persistent and confident if you are going to ask for a lower interest rate.
Other things to keep in mind befo
- Always negotiate, just because the "Offered interest rate" is 6% does not mean that they will not lend you lower. Be persistent and confident if you are going to ask for a lower interest rate.
Other things to keep in mind befo
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
re applying for a loan:
Don't lie, you'll get caught and be in a lot of trouble.
Try not to have bad credit history from now on.
Increase your income. Look into taking in foreign exchange students, take a second job, if you own a house with spare rooms cons
Try not to have bad credit history from now on.
Increase your income. Look into taking in foreign exchange students, take a second job, if you own a house with spare rooms cons
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
der renting them.
Try to eliminate liability payments. Or lower payments.
Another choice you must make is whether to make the loan an interest only one or a principal and interest loan. I generally prefer to take out interest only loans for several reasons. You
Try to eliminate liability payments. Or lower payments.
Another choice you must make is whether to make the loan an interest only one or a principal and interest loan. I generally prefer to take out interest only loans for several reasons. You
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
will get more cash flow from a property if the payment is interest only. This can go straight to your pocket or cover and unexpected payments with the property. You will also be able to borrow more because you make smaller payments. You may also have the option of pay
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ing off the rest of the principal at a later time. Depending where you live, you might also get a tax advantage for taking out an interest only loan. Also, why would you want to pay off debt on something that is already putting money in your pocket and appreciating in
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
value? Wouldn't the money be better spent on a deposit on another rental property which will give you more cash flow. I know I would rather owe 80% on thirty properties earning me $3,000 a year than two or three properties that I have no debt on.
Does this mean you c
Does this mean you c
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
an't take out a principal and interest loan? Of course not! If that's what you really want to do and you still make money on the property, go for it.
Asset protection:
A house will most likely be your biggest and most expensive asset, you'll certainly want to
Asset protection:
A house will most likely be your biggest and most expensive asset, you'll certainly want to
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
protect it. There are three ways you can do this. Physical protection, corporate protection, and insurance protection.
Physical protection is what you can change in the properties structure to protect it. So you could go as far as building a moat around the property
Physical protection is what you can change in the properties structure to protect it. So you could go as far as building a moat around the property
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
! The first step would be to not buy a house in areas of high crime or natural disaster such as earthquakes or landslides. Then think about installing security systems, burglar alarms, and fences.
Having your property in a corporate entity such as a limited liability
Having your property in a corporate entity such as a limited liability
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
company, corporation, or trust provides legal security and possible tax breaks. This all depends on where you live, so it is important to look into this type of protection if you are thinking about buying a lot of properties.
Insurance is the third type of protection
Insurance is the third type of protection
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
. Many insurance companies or even banks will give you good rates for insurance on an investment property. This is because they consider a house a very safe investment! You can get insured on all kinds of things, like earthquakes, depending on how much you want to pay
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
. Be sure to find out the cost of insurance before you buy a property as well so you can input it into your budget calculations.
There is no I in team:
Before buying a property be sure to have good team. You will definitely need an accountant and a solicitor.
There is no I in team:
Before buying a property be sure to have good team. You will definitely need an accountant and a solicitor.
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
It is important to have a team because you can't do everything, you need specialists. Everyone in your team should be passionate about what they do and know that you are passionate about what you are doing ( real estate investing!). People in your team must have exper
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ience in buying property! If you feel that anyone in your team is slack, inexperienced, and has questionable motives don't work with them anymore.
You may also find It of use to work with a real estate agent who is a property investor themselves. This can be good bec
You may also find It of use to work with a real estate agent who is a property investor themselves. This can be good bec
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ause If the agent invests in property he or she will have a good idea of what your looking for. However make sure you know the agent's motives. If they are a property investor themselves, why wouldn't they buy the property?
Next, Learn how to analyse a deal in Part 4
Next, Learn how to analyse a deal in Part 4
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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