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The Key To Successful Laundry Investment
1. Make sure there are numerous apartment complexes and small single–family dwellings within a one to two-mile radius of the location. Many of these may offer inadequate laundry facilities or none at all.
2. Consider servicing the growing needs of lower income and ethnic communities. These areas typically feature larger families that depend on coin laundries. For example, according to US 2000 Census figures, the Hispanic community is the fastest growing population segment in the country.
3. Make sure there is good visibility from the street and ample parking. Flags, roof signage and the colors blue and red always attract attention.
4. If you're considering a store in a strip center, make sure other stores in the center are the type that will attract customers to your laundry.
5. If you're considering a freestanding store of 4,000 square feet or larger, consider choosing one large enough to accommodate additional retail services in the future. Today, many storeowners enjoy additional revenue streams from add-on services and facilities, such as fluff and fold, a tanning salon, dry cleaning, a snack shop or convenience store, just to name a few.
Keep in mind that however important, and it is of critical importance, "location" is just one key element in your overall success. In addition to choosing the right location, you'll need to address costs, lease negotiation, the equipment mix, layout, décor and pricing, which are all based on the marketplace and the competition in the area you are considering.
Ilene Fudim is a nationally recognized expert in the coin operated laundry industry and a contributing editor to the Laundry Center Marketwatch newsletter. She has been instrumental in helping launch many successful coin laundry businesses.
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Getting Financing From Banks For Real Estate Investing
People investing in real estate look for capital providers, who will offer the level of capital they need as well as the rate, term, pricing, closing time frame, exit and prepayment options, and recourse provisions. These must suit their individual needs, as well as any value added features on the offer. Choose a capital provider with whom the individual can develop a good, long lasting, working relationship as well as providing the broadest access to the much-needed capital. Those who are experts in dealing with real estate investments are ideal capital providers. There are direct, indirect, and hybrid lenders that provide capital to real estate investors. Banks are direct lenders.
100% Single Loan Financing with No Mortgage Insurance Is Now Available for Real Estate Investors
100 percent single-loan financing with no mortgage insurance is now available to real estate investors.
Real Estate Financing - Home Mortgages - Time Tested Tips
You don't want to jump into anything blindly or sign a real estate contract or home mortgage loan contract or any type of contract without giving it some serious thought. Watch out for anything that appears to be vague. You want to keep in mind when financing real estate that lenders will be able to tell you only what you might be able to afford based on your current not future salary and level of debt including your credit card debt. First of all you'll need to find a lender for your real estate financing and potential residential, home or other type of investment.
Personal Loan For Consolidating Debt - Using An Unsecured Personal Loan To Improve Your Finances
With poor credit, you can reduce your loan costs and monthly payments by consolidating debt with an unsecured personal loan. Even without collateral in the form of property or assets, you can find lower rate loans. The key is to look online for special offers that fit with your financial plan.
Nominees Announced for Real Estate Finance & Investment's 3rd Annual EPIC Awards
Real Estate Finance & Investment - the Institutional Investor newsletter that provides weekly coverage of the U.S. commercial real estate property markets and capital markets - announced the nominees in its 3rd Annual EPIC Awards. The EPIC awards recognize the firms, deals and professionals that stood out in the real estate market for their innovation, creativity and Excellence in Property, Investment and Commercial mortgage-backed securities.
100% Single Loan Financing with No Mortgage Insurance, Now Available to Real Estate Investors
100 percent single-loan financing with no mortgage insurance is now available to real estate investors.
Real Estate Loan Agents, Real Estate Loan Agents,Investment Properties, Investment Properties in USA
While America and the world hold their breath, waiting for the Presidential and Legislative Branches of the United States Government to take action, that will hold off and help correct the mistakes of the sub-prime meltdown, there are some progressive Real Estate Loan Agents providing mortgages from exclusive leads from the opportunities provided in their counties from the daily marketing efforts by the team at Myhomesearches.com. These loan agents, providers of mortgages during the boom days are making deals today because of their membership.
Real Estate Finance Firm RRMS Capital Announces the Hiring of Lori Schupbach as Finance Manager
RRMS Capital, the financing division of PTE Real Estate Group, announced today the recent hiring of Lori Schupbach, who will fill the position of Finance Manager.
How To Avoid Negative Equity In Real Estate Investment Financing
Real Estate Investment Financing is simply industry jargon for a real estate investment loan. In a bad property market where rental yields are low, the most dreaded word that you can say to a real estate investor is negative equity. So what is negative equity? It is a situation which arises when the foreclosed value of your property is less than the price that you paid for it and in certain states like in New York, the mortgagee (the bank) can then bring a deficiency action against the owner to reclaim the difference.
Real Estate Financing - What You Should Know Before Getting A Home Mortgage
If you have a lot of bad credit because of consumer debt like credit cards or personal loans, you'll want to try to eliminate or reduce this debt before you apply for any real estate financing, since it will affect your ability to qualify for a home mortgage and to make the estimated monthly payment. When you're buying a home, getting a home loan and the best mortgage rate is the most important step in the whole process; you'll need to understand the basics about real estate, loans, mortgages, current mortgage rates, and points to get your real estate financing in place.
Accounts Receivable Financing- How to Use Other People?s Money to Finance your Growth
?Accounts Receivable Financing- How to use Other People?s Money to Finance your Growth? explores how to accelerate your cash flow if you have a business that sells products or services to other businesses. If your customers are creditworthy, but slow to pay your invoices, you may benefit by using accounts receivable financing with a commercial finance company to accelerate your cash flow for exponential growth.
Real Estate Financing - What You Should Know About Home Mortgages
As the nation's real estate market continues to grow and new technology gains more ground, many widely accepted beliefs that were true just a few years ago may not be true today. Before you go after a home mortgage or home loan or any real estate financing, if you have a lot of bad credit because of consumer debt such as credit card or personal loans, try to eliminate or reduce this debt as soon as possible because it'll affect your ability to qualify for a home mortgage and the estimated monthly payment.
Asset Based Financing, Alternative Ways of Financing, Large Commercial Real Estate Projects
Traditional financing provides much needed funding to advance major commercial or other tangible projects, and it is particularly beneficial to companies that plan months in advance. But what happens when funding is required immediately or clients have minimal experience? Asset-based financing can help clients avoid the complexities involved with traditional financing methods.
Personal Finance - Three Quick & Simple Ways To Improve Your Personal Finances
Many Americans and people in countries where ready credit is available find themselves in greater debt then ever before and this makes you wonder whether you are working for yourself or for your creditors. This ends up being a problem of financial spending & control and if you take a short moment to reconsider your own financial health, you might be able to correct your financial situation today.
100% Single Loan Financing for Real Estate Investors with no Mortgage Insurance, Now Available
100 percent single-loan financing with no mortgage insurance is now available to real estate investors.
