New Listing – 8500 Kenneth Ridge Court, Fair Oaks, CA 95628

This 4 bedroom, 3 bathroom, 3232sf Fair Oaks home on over a third of an acre is the perfect blank canvas for your renovation and personal touches! You will love the spacious and open layout with an abundance of natural light. Kitchen features granite counters, island, built in refrigerator, and large pantry closet. Separate living and family room areas, formal dining area great for large gatherings. Dual master suites! Primary master suite has a cozy fireplace, ensuite bathroom with tub with separate shower, and a big walk-in closet. Upstairs discover a large secluded bedroom and a fireman’s pole connecting the first and second levels – how fun! Backyard is an outdoor oasis with a built-in pool and spa, expansive covered patio with ceiling fans and lighting. RV access and basketball court area. 3-car attached garage. Newer composition roof. Enviable cul-de-sac location near parks, schools, shopping, restaurants, and more! Don’t wait! Offered at $569,900, subject to lender approval of short sale. For more photos and information please visit 8500 Kenneth Ridge Court, Fair Oaks, CA 95628.

Joint Venture agreement and registration process between a land owner and the real estate developer in India.

Author: Sachin Gupta | Find me on Twitter

In one of our earlier post, we covered the topic of joint venture agreement between landowner and the real estate developer. Keeping in mind the interest shown by audience in that article and the number of emails that we received about a sample joint venture agreement, we have decided to write another post covering sample agreement and registration process between a land owner and the real estate developer.

An owner of a piece of land (an individual or a company) can enter into an agreement with a developer to construct residential or commercial premises on land owned by the former, with the developer getting a right to sell the whole or part of the building to be built. The consideration payable to the owner in this case may be in the form of a lump sum (to be paid upfront or in installments) or alternatively in the form of a share in the property to be built or a combination of payment plus part of the property to be built.

Find below the sample joint venture agreement between a land owner and the real estate developer.

Source: National Housing Bank

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WANTED: Historical Sacramento Photos…

The Sacramento Archives and Museum Collection Center is attempting to compile and archive as many photos of Sacramento’s daily life as possible – past and present day. The center is trying to collect a vast Sacramento-county wide historical photo collection. Its “Faces & Places of Sacramento” project will document the daily lives and historical, political and cultural life of the greater Sacramento locale.

There are several “collection events” coming up in the area. At each collection event, photographers will be on hand to “copy” the snapshots. The center will archives the copies to disk, and the “donors” keep their original photos.

Photo collection events are held by each City Council district. The next event is in District 2 (North Sacramento) from 10 a.m. to 4 p.m. Nov. 17 at the Joe Mims Jr.- Hagginwood Community Center (3271 Marysville Blvd). Appointments for the event may be scheduled by calling (916) 264-7073.

http://www.ErinAttardi.comhttp://Erin.Golyon.com

New Listing – 6012 Birchglade Way, Citrus Heights, CA 95621


Super cute 3 bed, 2 bath, 1,216sf Citrus Heights home! You will love the updated kitchen with granite counters, remodeled bathrooms, laminate and tile flooring. Don’t wait! Subject to approval from US Army Corps Engineers Homeowners Assistance Program – assists owners who face financial loss when selling their primary home where values declined & military personnel are required to permanently relocate. For more information, please visit http://www.6012birchgladeway.com.

New Listing – 9117 Bramwell Way, Sacramento, CA 95829

Adorable and affordable 3 bedroom, 2 bathroom, 1137sf home in Elk Grove Unified School District! You will love the laminate flooring throughout the living space, spacious open layout flows with abundant natural light. Efficient use of space offers a roomy living area, large functional kitchen with lots of counter space and ample storage. Sizable master suite with walk-in closet and ensuite bathroom. Great space in the backyard for outdoor entertaining with built-in bbq and patio cover! Newer water heater. Central heat and air, dual pane windows, attached 2-car garage. Prime location, close proximity to shopping, parks, schools, minutes for prestigious Wild Hawk Golf Club, dining and more! Don’t wait! Offered at $309,900. For more photos and information please visit 9117 Bramwell Way, Sacramento, CA 95829.

What makes residential property rates go up & down???

Recently one of my best pal visited one of the zillions property agent/dealer in Delhi NCR region, inquiring about the residential properties in Gurgaon and Greater Noida. He was looking to buy the residential property from an investment perspective. Now, just like any common man with black or white money (none of my business) in his pocket, he threw a plethora of questions on the poor property dealer. What is the current price in this region, that region, and that region?…what was the price last year? Is the property rights true or not?…what do you think of residential property appreciation?….what makes residential property go up & down?…and many such simple but make no mistake important questions.

Now, let me explain you why i called the property dealer “poor” because most of them are in the business not by choice but by ‘no choice’. There is a saying these days “In India, whoever is out of job is either a Neta or a property dealer”. However, they seem to be good at facilitating things and in the process makes a good commission if deal comes through. Now, asking these simple yet important questions to these property dealers is not going to satisfy many of the common people just like my friend.

So, what makes residential property prices go up & down? Lets Break It Down (L BID) to smaller elements. We all would agree that Demand and Supply are the two smaller elements of movement in property prices.

Now, what affects Demand? L BID again and we get 5 core smaller elements:

  • Economic base (Nature of employment in the region under consideration)
  • Income assessment of the people living in that region
  • Population Growth
  • Interest rate trends
  • Property tax rates

Just to illustrate, one would have noticed that certain regions are dominated by particular industry (IT in Bangalore) and income levels of people in IT industry are higher compared to say manufacturing industry. What do we understand from this?? I guess, you guessed it right, if population growth and interest rate trends are favorable then residential property rates would appreciate much faster in IT dominated region than in manufacturing region.

Now, what affects Supply? L BID again and we get 3 core smaller elements:

  • Land availability
  • Factors of production such as labor, capital(money), materials
  • Environmental restrictions, building codes, other regulations

Just to illustrate, one would have noticed that in certain regions huge amount of land is available such as outskirts of major metro cities (Gurgaon, Noida, Faridabad around Delhi). Since there is shortage of usable land in Delhi, the property prices tends to move up because for a limited amount of land thousands of people are running and each one has the money to outclass the other. In-fact, within a city say Delhi, in certain areas such as GK, because of shortage of usable land and other appealing facilities such as retail, educational, recreational, etc. the prices tend to move up compared to other areas within Delhi.

Finally, having understood the Demand & Supply elements, the current market equilibrium is done in order to understand the current property rates and why they are moving up or down.

So folks, whenever in doubt regarding the property prices or related things, L BID the issue and don’t throw these questions on poor chap (property dealer).

What makes residential property rates go up & down???

Recently one of my best pal visited one of the zillions property agent/dealer in Delhi NCR region, inquiring about the residential properties in Gurgaon and Greater Noida. He was looking to buy the residential property from an investment perspective. Now, just like any common man with black or white money (none of my business) in his pocket, he threw a plethora of questions on the poor property dealer. What is the current price in this region, that region, and that region?…what was the price last year? Is the property rights true or not?…what do you think of residential property appreciation?….what makes residential property go up & down?…and many such simple but make no mistake important questions.

Now, let me explain you why i called the property dealer “poor” because most of them are in the business not by choice but by ‘no choice’. There is a saying these days “In India, whoever is out of job is either a Neta or a property dealer”. However, they seem to be good at facilitating things and in the process makes a good commission if deal comes through. Now, asking these simple yet important questions to these property dealers is not going to satisfy many of the common people just like my friend.

So, what makes residential property prices go up & down? Lets Break It Down (L BID) to smaller elements. We all would agree that Demand and Supply are the two smaller elements of movement in property prices.

Now, what affects Demand? L BID again and we get 5 core smaller elements:

  • Economic base (Nature of employment in the region under consideration)
  • Income assessment of the people living in that region
  • Population Growth
  • Interest rate trends
  • Property tax rates

Just to illustrate, one would have noticed that certain regions are dominated by particular industry (IT in Bangalore) and income levels of people in IT industry are higher compared to say manufacturing industry. What do we understand from this?? I guess, you guessed it right, if population growth and interest rate trends are favorable then residential property rates would appreciate much faster in IT dominated region than in manufacturing region.

Now, what affects Supply? L BID again and we get 3 core smaller elements:

  • Land availability
  • Factors of production such as labor, capital(money), materials
  • Environmental restrictions, building codes, other regulations

Just to illustrate, one would have noticed that in certain regions huge amount of land is available such as outskirts of major metro cities (Gurgaon, Noida, Faridabad around Delhi). Since there is shortage of usable land in Delhi, the property prices tends to move up because for a limited amount of land thousands of people are running and each one has the money to outclass the other. In-fact, within a city say Delhi, in certain areas such as GK, because of shortage of usable land and other appealing facilities such as retail, educational, recreational, etc. the prices tend to move up compared to other areas within Delhi.

Finally, having understood the Demand & Supply elements, the current market equilibrium is done in order to understand the current property rates and why they are moving up or down.

So folks, whenever in doubt regarding the property prices or related things, L BID the issue and don’t throw these questions on poor chap (property dealer).

8 characteristics of successful real estate investors

The age-old question in the world of real estate is: what does it take to succeed an investor? A person who knows what she wants, personally and financially, a person who takes risks, who takes risks. It&39;s impossible to predict success with college degrees and doctoral programs, but you can secure your investment in many ways.

Joint ventures, wholesale and property management are just some of the ways in which investors can take advantage of real estate, but it takes a bit of intelligence to succeed in this competitive area. Although some universities offer courses and programs that specifically benefit real estate investors, a degree is not necessarily a prerequisite for a profitable investment. Here are some features common to successful investors.

1. Plan in advance.

Real estate investors must approach their activities as a business in order to establish and achieve short and long term goals. A business plan also allows investors to visualize the big picture, which helps to focus on goals rather than minor setbacks. Real estate investing can be complicated and demanding, and a solid plan can help investors stay organized and on task.

2. Know the market.

Effective investors gain a thorough understanding of the market they have selected. Keeping abreast of current trends, including any changes in consumption patterns, mortgage rates and the unemployment rate, to name just a few, allows real estate investors to learn about current conditions and plan their future to come up. This allows investors to predict when trends might change, thus creating potential opportunities for the prepared investor.

3. Develop a niche.

It is important for investors to focus on acquiring the knowledge essential for success. Taking the time to develop this level of understanding is integral to the long-term success of the investor. Once a particular market is mastered, the investor can move on to other areas using the same in-depth approach.

4. Respect a code of ethics.

Real estate investors are generally not required to respect a particular degree of ethics. While it&39;s easy to take advantage of this situation, most successful investors maintain high ethical standards. Since investing in real estate involves people, the reputation of an investor is likely to be far-reaching. Effective investors know that it&39;s better to be fair than to see what they can get out of it.

5. Encourage references.

The references generate a significant part of the activities of a real estate investor. It is therefore essential that investors treat others with respect. This includes business partners, partners, customers, tenants and all persons with whom the investor has a business relationship. Effective investors are attentive to the details, listen to and respond to complaints and concerns, and represent their business in a positive and professional manner.

6. Stay educated.

As with any business, it is imperative to keep abreast of the laws, regulations, terminology and trends that form the basis of the real estate investor&39;s business. Troubled investors risk not only losing momentum in their businesses, but also legal ramifications if laws are ignored or violated. Successful investors stay informed and adapt to any regulatory changes or economic trends.

7. Protect your assets.

Taxes represent a significant portion of an investor&39;s annual expenses. Understanding the tax laws in force can be complicated and time consuming. Sharp investors retain the services of a qualified accountant and reputed to handle the activity logs. The costs associated with the accountant can be negligible compared to the savings that a professional can bring to the business.

8. Build a network.

A network can provide important support and create opportunities for a novice or experienced real estate investor. This group should include a well-chosen mentor, business partners, clients or members of a non-profit organization, allowing investors to challenge each other and support each other. As much of real estate investing relies on experiential learning, savvy investors understand the importance of creating a network.

Despite many promotions claiming that investing in real estate is an easy way to enrich it, it is actually an ambitious business that requires expertise, planning and concentration. In addition, because the company revolves around people, investors benefit in the long run from an honest and respectful conduct of employees and customers. Although it is relatively simple to enjoy short-term profits, developing a long-term investment firm requires skills, effort and these 8 important habits.

Selection of a beneficiary: who, what, when

Now that you have chosen the estate planning instrument (will or trust) that you will use and that you have chosen your trustee or personal representative, who do you want to leave your assets to? What good do you want to leave to each beneficiary? When should each beneficiary receive your property? The answers to these questions may seem easy – leave everything in equal parts for your children and let them understand the details. However, these questions require further analysis to ensure that your property is passed on to whoever you want, when and under what conditions you wish to pass it to each beneficiary.

  • Who receives your property?

Initially, it is easy to answer this question: my children will receive all my belongings. It&39;s easy. But what if one of your children dies before you? Does this child have children? What about this child&39;s spouse? Do you want the spouse to receive something?

What happens if, after executing your will or your trust, one of your children becomes disabled and receives government benefits? Do you want this child to receive his share of your estate, making him ineligible for government benefits?

Do you want to write one of your children out of your will or trust? Would it be better to leave something to this child while limiting his access to what you leave him?

A will or relationship of trust may be written to include answers to these questions, but these require the client to provide a thoughtful contribution.

Rather than ask who you want to receive your property from, I will sometimes ask who you do not want to receive your property from. If you do not want your son-in-law to lose his slippery fingers on your inheritance to his gambling habits, you will probably have to put your daughter&39;s share in your estate. in a kind of underconfidence for her and the benefit of your grandchildren.

  • What property does each beneficiary receive?

A common probate dispute concerns the recipient who gets what. This is not always a simple fight for worthless trinkets (although this is very common), it can also be a fight on many plots of real estate. A recent dispute that we dealt with concerned an estate consisting of the deceased&39;s house and a few parcels of commercial buildings. The will provided that all children receive equal shares of the estate.

Not all children heard and the idea of ​​making these children own their belongings together seemed impossible. A fight broke out over the distribution of the estate. A child did not want to be in business with his siblings or co-own many properties.

The deceased had a simple will in a situation where she needed something more complex that identified the specific property that each child should have received or who was distributing the property to a trust that would be managed by a professional trustee. A specific language indicating who would receive what specific property or what would happen to the entire property if the children were not agreed on the distribution would probably have saved everyone money. substantial legal fees.

  • When does the beneficiary receive the property?

The timing of a distribution can be extremely important. Do you want a beneficiary to receive the share of your estate from it immediately after your death, or even years later, if applicable? Many beneficiaries benefit from inheritance in a trust throughout their lives.

If a beneficiary is disabled, you will probably want to leave his or her share of your estate in a trust for extra needs (sometimes called a special needs trust) in which the beneficiary never receives his or her inheritance. Rather, he was placed in trust all his life.

If you have younger children, you probably will not want them to receive their share of your estate until they reach a certain age, such as 25, 30, 35 or 40 years. However, without proper planning, Oregon says that a child 18 years old, they can receive their share of your estate after reaching the age of 18 (except in limited circumstances). Most people do not like this result and include trust in minor children in their will or confidence to prevent this from happening. Using a trust for minors, a trustee (whom you name in your will or trust) will manage the assets of the trust for the benefit of the child and may use them to pay for health care, education, housing, etc. When the child reaches the age indicated, he receives all that remains to him.

In addition, you can leave something to a recipient who has spending problems, bets or excessive consumption, but you do not want that individual beneficiary to ever have control over the property you leave him. You can use a trust established for the life of the beneficiary, in which the trustee of the trust has absolute power over the distribution of the assets of the trust. The use of a trust saves you from having to disinherit a troubled child, but also allows you to keep some control over how it uses your property after your death.

You may also have a child who is a doctor, lawyer or other profession where potential malpractice or negligence claims could erase that child&39;s estate. By leaving your child&39;s estate in a trust for the benefit of the child and the benefit of his family (with an independent trustee), you may be able to prevent his creditors from receiving his inheritance.

  • Conclusion

Just as in deciding whether you want to use a will or trust and appoint your trustee or personal representative, the choice of your beneficiaries should be a thoughtful answer. There is no single answer and what works for one client may not work for another because families are unique.

© 20/02/2014 Kevin J. Tillson of Hunt & Associates, PC All rights reserved.