Virgin Media Discount Codes – Switching to Virgin for UK Houses and Apartments

Richard Branson’s Virgin brand ventures range from airlines to space travel. Here we see Virgins media solutions for UK homes (houses and apartments) and the latest money saving Virgin Media promo codes. We have taken the latest Virgin voucher codes and deals from Wikigains.com.

One of the main focus of all Virgin companies is customer experience. Their aim has been to make their products enjoyable and easy to use. Making the switch to Virgin Media is pretty easy and straightforward. Here are the steps to follow:

  1. First, discover what Virgin offer in your area using your postcode.
  2. Pick your choice broadband, TV, or phone package.
  3. Order your choice package. Apply a valid Virgin Media offer code at checkout to save money.Remember, if you have connected to Virgin Media network in the last 3 years, you can start installing the services using theirQuickStart self-install pack which is available for free collection, or delivery at £5. Otherwise, Virgin will send an installation engineer to set things up for you within 14 days.
  4. Once your Virgin Media services are up and running, cancel your current provider’s services.
  5. Virgin will send you a contract by email, your billing information as well as installation guides and everything else you need to use our services better.

Virgin Media Bundles

Virgin Media has a choice of four great bundles covering high speed internet, television, and phone services. These are:

  1. Full House

The Full House package also includes VIVID 200 fibre broadband, whose 213 Mbs of download speed is suitable for households with more than 10 devices. Subscribers also get weekend calls to UK landlines, Virgin Mobile numbers, and 0845/0870 numbers. The Full House bundle costs £55 a month and it comes with over 230 television channels. Virgin Media promotional codes may save you money on your first month’s subscription.

  1. Mix

The Mix bundle costs £45 a month. The bundle gives you a choice of over 150 channels in addition to VIVID 200 broadband, which is suitable for households with over 10 devices to link to the web. You will also get weekend calls to UK landlines, Virgin Mobile numbers, and 0845/0870 numbers..

  1. Full Player

The Full Player bundle goes for £29 a month. It has over 70 television channels, VIVID 100 broadband for households with 5 to 9 devices, and weekend calls to UK landlines and Virgin Mobile, and 0845/0870 numbers.

  1. VIP

The VIP bundle goes for £125 a month. In addition to the 230 plus Full House TV channels, the bundle also includes Sky Cinema HD and Sky Sports HD to give you a choice of over 260 channels.

The bundle also includes VIVID 350 fibre broadband, with download speeds of 362 Mbs! You will also get calls to UK landlines, mobile numbers, and 0845/0870 numbers. This is Virgin’s most expensive media plan, but it is ideal for families where there is a great need to data. For example, running a business from home or online gaming. There is usually no Virgin Media coupon codes applicable to this plan.

What if you want broadband only?

If all you want is broadband internet, then here are your options. They all include a £20 installation cost.

  • VIVID 50 (£33 a month). Has download speeds of 54 Mbs and upload speeds of 3Mbs; which is good for households with up to 4 devices.
  • VIVID 100 with Talk Weekends (£29 a month). Average download speeds of 108Mbs and upload speeds of 6Mbs. Suitable for 5 to 9 devices. Also includes free talk weekends.
  • VIVID 100 (£38 a month). Download speeds of 108Mbs and upload speeds of 6Mbs. For households of 5 o 9 devices.
  • VIVID 350 (£48 a month unless you have a valid coupon for Virgin Media). Average download speeds of 362Mbs and upload speeds of 21Mbs.

If you are renting or buying an apartment or house in the UK, see how you can switch to Virgin here.

The New In Latest Luxury Apartment Living

Luxury apartments are in great demand these days and consequently lots of developers have taken to offering them. There was a time when these deluxe apartments were available only in the major cities all over the world. However, real estate developers now offer these apartments in smaller cities as well.

People these days have very clear ideas about what constitutes luxury apartment living. Needless to say, what appeals to one person will not necessarily appeal to another one. Even so, there are a few features that stick out because of their enduring popularity.

  • Unique architecture

People who can afford to live in a luxury apartment are no longer willing to settle for pedestrian architecture. They expect builders and developers to come up with unique designs for buildings. This enables them to stay in a place that reflects their aspirations and achievements.

  • Deluxe fixtures and fittings

Since buyers are spending a great deal of money on deluxe apartments they expect the sittings and fixtures to be of an appropriate quality. This includes high quality flooring made of marble or wood, designer bathroom fixtures, state of the art security systems and even designer kitchens.

  • Wide range of public amenities

A deluxe apartment complex generally comes with one or more swimming pools, a well-equipped gym and sometimes even a business center. It also tends to come with a beautifully landscaped garden and other public areas.

  • High level of security and service

Buyers of luxury apartments expect the building to have the best possible security, both human and electronic. They also expect the building to have proper on-site management with maintenance staff available for the better part of the day (with a few staff available at night as well).

People planning to invest in a deluxe apartment should do plenty of research before investing in a particular property. Lots of builders say that they offer luxury apartment living but the reality is actually quite different. Many buyers find out that they have spent a great deal of their hard-earned money on a property that isn’t really special.

Luxury apartment living can be quite expensive because all these great features come at a cost. However, as long as a person wants to enjoy these features and facilities then he or she will not have a problem with the cost. Even so, it is best to invest in a property that offers the facilities that one requires.

These Modern Apartments in Henderson Are Unlike Others I Have Ever Seen

Home has to be more than just a place you go to to get some sleep between working and playing. It needs to be a place of refuge where you can relax, feel safe and enjoy spending time there. This is why home ownership has been a big part of the American Dream for so long. Now you can have that and more in apartment living. I never thought that would be possible. Many years ago I was adamant about never living in an apartment, now there are apartments in Henderson that have much more in the way of amenities than what I could ever afford when buying a house.

My wife and I found luxury resort-style apartments in Henderson that are everything we wanted. We have a beautiful kitchen with stainless steel appliances and granite countertops. Our living room is big. Continue reading “These Modern Apartments in Henderson Are Unlike Others I Have Ever Seen”

Getting Settled in My New Place

When I moved down here I thought that I would look for a place by the beach, they have a couple of them right in the middle of the Tampa Bay area. However none of them were very close to where I am working and obviously I am not the first person to have this thought, it is pretty expensive to live the fantasy. In fact it would also be pretty crowded in these areas, so I started to look at apartments in South Tampa and I found something that was a great deal more practical to be honest. If all goes well I can get to the office in less than ten minutes and it is not much longer than that if things do not go perfectly well. In fact I could ride my bike there, but the traffic sort of makes that a lot sketchier than I would enjoy. Continue reading “Getting Settled in My New Place”

Just Got Started at Grad School

It is really exciting to be honest, because I have gotten a good teaching assistants job with one of the most prestigious professors at Vanderbilt. I am not really studying to be a physician, although I have to learn nearly all of the things that a doctor does. In fact I am trying to learn about biological engineering. I am really interested in some of the projects they have working on artificial organs here right now. Of course I have been focused on all of the mundane stuff like apartments in Nashville TN. I need one that I can afford that is relatively close to the campus. Continue reading “Just Got Started at Grad School”

Apartment Locator VS Apartment Database Search! What’s Best For You?

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Let’s start with the fact that 80% of all searches start on line, that being said when you do a search on Google or Yahoo for the terms “rental apartments” or “apartments for rent” you are faced with two basic options; apartment locator that offers their free service ether from their internet sites or using classified ad postings and other internet sites that offer the use of an apartment database. Which is the best for you? Well, that depends on what your needs and wants are and whether you like the “do it yourself” apartment hunting or being helped by a professional Apartment locator.

The Apartment Locator: If you are relocating to a new area or a new city, a place you are unfamiliar with, you don’t know the neighborhoods, schools, job centers, transportation, etc, the apartment locator may be your best choice.They respond to your request by phone or email (you decide) to ask you some details about your ideal apartment. You want to give them as much information about your wants and need as far as: budget, date of move part of town and more. The apartment locator is knowledgeable about the area of his local rental market. They will be very helpful in finding you rental property that suits your particular needs, best of all, in most cases this will be a totally free service. The apartment locator is normally paid “finder’s fee” or “referral fee” from the landlord apartment complex or landlord.

The Apartment Database Search: Unlike apartment locators, the typical apartment database offers an extensive choice of apartment listings. You can read the descriptions of apartment communities see maps, amenities, rent ranges, photos of inside and out and in some cases contact information. All this information helps you understand if a particular rental apartment or complex meet your needs and wants. If you like the “Do it yourself” method an apartment database site might be the one for you. Most require a simple registration which asks for name email and date of move. You do not submit your telephone number and you will not be contacted personally by anyone.

Same as apartment locator, most apartment database are free to use, in some cases you are even offered an Apartment Rebate of $100.00 or more if you tell the property you visit and/or lease that you where sent by a specific referring source ( apartment locating database or website). So, which is better for you? The apartment locator or the apartment database?

Mending the Broken Family Unit

Mending the broken family unit begins with just one person. It may be you especially if you have been the rock of the family so far. You may be the mediator of the household. If so then you need to make use of this role, and instead of using it to smooth things over use it to assess and rectify the problems that are ripping your family apart. Start with dealing with each of the family members individually. Talk to them to find out what is bothering them, why they are doing the things they are doing that is upsetting the other family members. Even if they can’t provide the answer right now determine if they are willing to help put the family back together again. You need to do this with everyone that lives within your home.

The next thing to keep in mind is to take small steps. What may have started out as a very small incident a long time ago that was left to fester could be the root cause of all the damage that has been done to your family. You need to work both ends against the middle here. You need to go back and mend the gap that first started to ruin your family, and at the same time you need to begin to undo the damage that is taking place now as a result of it.

This is no easy task and the biggest mistake would be to believe that just because everyone has come to the agreement that they want to pull the family together again that you will all live happily ever after. There is a lot of hard work ahead of every person in the family.

A mistake that you don’t want to make is to forget about yourself either. You are part of the family, and even if the relationship strengthens amongst the rest you have been wounded along the way, but just too busy to deal with it. You must include yourself in this healing process as well.

Mending the family is like trying to put together a huge puzzle. Each piece interlocks and its just a matter of finding the right pieces and where they fit. Think about it though, if you have ever put a puzzle together how did you begin? First you laid out all the pieces so you know what you had to deal with. Then you grouped the pieces together that were similar. By identifying all the issues in the family you are laying out the pieces. Then by putting these issues into categories you are grouping them. Then the next step in the puzzle is to do the outside frame. In your family the framework is built around calling a truce while you work on fitting the pieces together.

How To Determine What Is Destroying Your Family

If you are living in a unsettled household eventually you are going to come to the realization that you have to change things. It may be the point in time where you are contemplating leaving your partner, because things have become so bad that being on your own with the kids couldn’t get any worse. It is the present situation that is driving you to these thoughts but the current situation is not the beginning of the destruction to your family although it may be the end.

If you have any hopes of salvaging the family unit you must find the cause of all the problems. No doubt they have been going on for some time and have just been mounting up. Its almost like an argument that goes on for so long that in the end both parties forgot about the real reason they were fighting to begin with.

There is no way you can fix the problem if the cause of the problem still exists. For example, lets say for a period of time you found your husband just didn’t seem to be the same anymore, and eventually you found out he was having an affair. He ended it but it really hasn’t changed the family atmosphere much. There are many different scenarios that could be taking place here. Did your husband give up the other woman because he truly wanted to make his marriage work? What were the factors present that caused him to start seeking out attention from another woman to begin with? Were these issues that were dealt with at the time the agreement was made between you two to patch things up? Did you come up with any solutions to help to prevent it from happening again? Or did nothing change and your husband has remained in the home out of remorse and guilt and for the sake of the kids. Many times in a cases like this all you have done is put a band aid on the marriage wounds.

Problems that occurred five or ten years ago and were swept under the carpet could still be tearing your family apart. If you have young teens they may not be aware of what happened all those years back and are totally confused and lost as to what is happening in their home.

You need to first assess how much damage has been done, then determine ways to fix it, then put damage control in place along with prevention.

Closing Costs When Buying a Multi-Family Apartment Building

When buying a multi-family building as an investment property, closing costs can add up to a large amount, and thus should be calculated with careful attention since the investor needs to estimate if he has enough funds for the down payment and the closing costs prior to closing the deal.

It is also important to estimate how much cash is needed to put aside for the closing costs prior to closing since one of the bank’s conditions when approving a mortgage is making sure the buyer has enough funds for the down payment and closing costs together.

Appraisal Fee: This requirement is helping the bank to assess the market value of the property, so that it can estimate the LTV (loan-to-value). If the appraised value is $500,000 and the LTV is 80%, then the bank is willing to loan $400,000 out of the total assessed value. Appraisal fee is usually a must with insured mortgages, but for conventional mortgage, it can sometimes be waived at the discretion of the bank that provides the mortgage. Appraisal fee depends on the size of the multi-family buildings and other considerations. The appraisal directly correlates to the size of the building: the larger the building, the higher the appraisal’s fee.

Phase 1 Environmental Fee: Environmental analysis of the property and all surrounding uses or conditions to make sure the property and its surrounding aren’t contaminated from any past use of chemical, oil tanks and other hazards. Usually this fee is associated only with insured mortgages only and not with conventional ones.

Inspection Fee: Inspection fee includes careful inspection of each unit in the building to make sure there is no structural problem with any of the units and the building overall. Inspection should be done only by a professional, since missed issues by him can later on cost you a lot of money to repair. The more units to inspect, the higher the fee that is charged by the inspector.

Land Transfer Tax (LTT): This fee depends on the province the multi-family building is purchased in. Specifically, if the property was purchased in Toronto, the land transfer tax needs to include Ontario LTT and Toronto LTT.

Legal Fees & Title Search & Disbursements: Each transfer should be reviewed legally by a lawyer. A lawyer is in charge of completing the transfer of the deed, preparing the mortgage, and conducting various searches such as, title search.

Land Survey Fee or Title Insurance Fee: A recent survey of the property is usually a requirement of the lender. If non is available, then title insurance can replace it.

Mortgage Application and Processing Fees: This overall fee depends if the mortgage is insured or not. If the mortgage is insured, then the investor needs to pay both the insurance company (CMHC or GE) and the lender itself. CMHC charges processing fee and mortgage insurance premium depending on the amount being loaned and the amortization period. On top of that, each lender charges application fees as well. The lender’s application fee depends on the institution the money is being lent from.

Reserve Fund: Reserve fund should be added to the closing costs to make sure that in the first couple of years (before any cashflow has been accumulated) there is enough money to be spent in case “big item ticket/s” need/s to be fixed/replaced, such as leaked roof, furnace stopped working, etc.

It is very important that you search around for different professionals before deciding on which one to go with. Your considerations when choosing should include price, reputation, and efficiency.

In conclusion, the total amount spent on closing costs can start from 2.5% of the purchase price and go up to much higher amount depending on various factors, such as the amount put into the reserve fund, the province you choose to buy your investment property in, etc

How To Start Investing In Multi Family Apartment Houses

I’ve been asked many times what is best way to begin investing in commercial multi family real estate. To decide what is best for you you need to keep the following in mind: How much money do you have, your skill set, and of course your expected profits.

The task of a new real estate investor who wants to learn about multi family investing takes much time and involves developing new skills sets that can be prone to mistakes. This is probably why many people either fail to start, or fail to succeed. I have found that most people would rather be part of a multi family apartment house deal where they can learn about multi family ownership, and secondly also put money into an investment that gives them a fantastic return. I suggest that the best way for a new investor to succeed with the least risk, and best return is to piggy back on the experience of others investors who have already been successful

What is The First Step and How?

You should simply create a commercial multifamily investment fund and bring in experienced partners for a share of the profits! This is very simple to do. Now, before you solicit the first membership, you need to sit down with an SEC attorney and ask them to create an investment fund that allows for the collection of investment dollars for the purpose of acquiring multi family property. You do not even have to have had a property identified; just the purpose of the fund would have been established and documented.

Then you will open the fund to potential investors. Then anyone you speak to about the opportunity, you hand them an “accredited investor questionnaire” that they would have to sign. Once that is returned to you, then you give them an “Offering Memorandum” describing the fund and how it worked. There is one more important document to create and that is called a “Private Placement Memorandum” that will satisfy the SEC’s requirements of complete disclosure. Here’s the real catch, this is the one that would keep you out of jail.

All the funds you are going to collect should be held by an escrow agent. You should not take control of the funds personally and if an investor wanted their money back before you purchased a property, they would be entitled to because it was clearly stated in the Private Placement Memorandum that they could do that up to thirty days before the scheduled closing date of a property. So that’s all the legal stuff! You want to make sure this is in place before you even start to talk to investors.

What about buying the property?

The type of property that you are going to go after is to be clearly stipulated in your Private Placement Memorandum.. This is where it gets fun! I believe that with the impending commercial foreclosure crisis, you should be looking for either a B+ to an A class multi family property that can be purchased for pennies on the dollar. None of this no-money-down stuff. The number one criteria is that you are going to buy a great asset at a ridiculously low price from a bank who is desperate to get these non performing loans off their books.

Why would you be able to do this?

Because since you are shopping with cash; no schemes, no seller-carrybacks, just cold hard cash will give you the upperhand in negotiating. Here is how it works. Let’s say that 100 investors put up $35,000 apiece into the fund. When the fund closes, you can contact several lenders and say that you have $3,000,000 available to help their balance sheet and take some troubled assets off their books. The remaining $500,000 should be kept in reserve to run the property. I can assure you, there are many banks right now that have been told by the FDIC that they need to raise cash fast. These banks should be your first stop. Your objective should be to buy good property, property that you would want to live in yourself, fix the problems with it and then sell it and do it again. Every step of the way, the investors would be involved and would see how the process works and everyone gets paid accordingly to their proportional investment.

Real Estate Investing In Multi-Family Apartments

Some investors find investing in multi-family apartments rewarding as they yield more long-term returns. An average individual investor cannot invest in multi-family apartments by himself; they make use of specialized REIT’S to do it for them or form a partnership with an experienced associate as it takes up time and needs an experienced person to see to the due-diligence, to take control and manage the property wisely.

Tips on How to Invest In Multi-Family Apartments:

It is necessary to identify a stable, profitable multi-family apartment, have a good idea of the local market and the have the ability to estimate the land value as well as the building value properly.

It is essential to make a financial as well as marketing analysis of the property.

Present a well thought out irresistible offer to the seller once you have made sure the necessary finances are in order.

Proceed with the due diligence and not be satisfied until you have studied in detail every document relating to the building and the maintenance of its equipments etc. The title deeds, tax returns of last 3 years if possible, insurance policies, financial records, information of any existing liens, all leases and all contracts for equipment maintenance, parking lot contracts, all utility bills, fire systems, litigation history, tenant and associated problem records etc. will be appraised. Engineering inspection, environmental inspection etc. will be conducted on site.

Have an attorney study all the documents and explain them to you.

Once the due diligence matters have been cleared it is time to bargain for as low a price as possible and legally purchase the property if it suits your needs and seems a profitable venture.

Try, and get a triple net multi-family apartment, as it could be a hassle-free investment as the owner just has to receive monthly rental checks and does not have to worry about maintenance etc. as the tenants are in charge of that!

People like investing in multi-family apartments because of increased cash flow, competition is less, if indeed you are in charge of maintenance because of the big cash flow it will be easier to hire a manger to take care of the property and deal with its problems. Multi-family apartments are also in demand because the property appreciates better than a single-family property. Some creative real state investors make fortunes rehabbing run down condos and giving them a face-lift! Thus, multi-family apartments are ideal suited for those who have large sums of money on hand to buy and invest in high yielding properties. They should have the expertise to deal with tenants and collecting rents on time and know what action to take incase the tenant defaults on payments.

There are firms offering products as well as services to help run businesses successfully.

Alexander Gordon is a writer for http://www.smallbusinessconsulting.com – The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at $24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.

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Practical Guide in Multi-Family Apartment Investment

When you have reached the level of competency and confidence to handle multi-family property investment, it is best that you seriously consider this strategic investment shift. Seasoned real estate investors usually graduate to this type of investment option to improve their cash flow and earnings. This goes beyond the opportunity of receiving higher rental earnings as a result of a greater number of units for rent. The earning opportunity is associated to economies of scale. This means that with higher number of rental units in one location, there will be more opportunities to cut cost through several means.

• Savings in Repair and Maintenance

The unit cost for repair and maintenance can be significantly reduced in multi-family property investment whether you are contracting the volume work from a service provider or hiring your own in-house service personnel. If you will consider the savings that you generate over a period of time, the amount will definitely be very significant.

• Upgrades and Purchases

Whether it is brand new painting units or refrigerators, you can leverage for better deals and discounts from suppliers and dealers when you negotiate for volume purchases. The potential number of units to be purchased is one great equalizer for property investors to clinch good deals and substantial cutbacks on the purchase price. With this significant leverage, you achieve a certain degree of clout when dealing with dealers and suppliers of furnishings, appliances and other items that you will need in the operation and maintenance of your property.

• Property Insurance

Building apartment units is less expensive than building single detached homes. Thus, it is logical that the property insurance will also be lower for the former. In addition to this built-in advantage of apartment units, there is also that leverage of owners of multi-family property investment when negotiating for insurance. With apartments, you will only have one single policy to cover all the units of your apartment property. The significant reduction on the price of the property insurance is due to the distribution of the overhead cost to a greater number of units compared to individual single detached units where each will have to bear the brunt of the full amount of the overhead cost.

Financing Options for Apartment Property Investments

Capital requirement for a property investment of this scale is one of the major challenges. Property investors must really need to have deep pockets if they intend to enter into this kind of venture. Property construction is not easy and it requires substantial amount of capital. In most cases, not many people have this amount of money available to start such a big project. However, with proper planning and careful management of available finances, one can avail of financing to support multi-family property investment. Those who don’t have sufficient amount of capital can opt for multi-family property refinance loans.

You can check out potential financing programs for your property investment online. You can easily get a quote for a particular loan amount in addition to the details and terms of the financing programs on offer in these websites. This makes it easier for property investors to shop around and weigh their options without having to physically coordinate and consult with all these banks and mortgage companies. It also simplifies the process as you already have all the information that you need at your fingertips, and you can confidently make your decision and come up with your short list of choices or options.

Investing in multi-family apartment is not a piece of cake. It requires years of experience, training and sufficient amount of cash. However, with proper planning and support, you can enjoy better earning capacity and maximize the returns of your investment in real estate properties.

How To Determine What Is Destroying Your Family

If you are living in a unsettled household eventually you are going to come to the realization that you have to change things. It may be the point in time where you are contemplating leaving your partner, because things have become so bad that being on your own with the kids couldn’t get any worse. It is the present situation that is driving you to these thoughts but the current situation is not the beginning of the destruction to your family although it may be the end.

If you have any hopes of salvaging the family unit you must find the cause of all the problems. No doubt they have been going on for some time and have just been mounting up. Its almost like an argument that goes on for so long that in the end both parties forgot about the real reason they were fighting to begin with.

There is no way you can fix the problem if the cause of the problem still exists. For example, lets say for a period of time you found your husband just didn’t seem to be the same anymore, and eventually you found out he was having an affair. He ended it but it really hasn’t changed the family atmosphere much. There are many different scenarios that could be taking place here. Did your husband give up the other woman because he truly wanted to make his marriage work? What were the factors present that caused him to start seeking out attention from another woman to begin with? Were these issues that were dealt with at the time the agreement was made between you two to patch things up? Did you come up with any solutions to help to prevent it from happening again? Or did nothing change and your husband has remained in the home out of remorse and guilt and for the sake of the kids. Many times in a cases like this all you have done is put a band aid on the marriage wounds.

Problems that occurred five or ten years ago and were swept under the carpet could still be tearing your family apart. If you have young teens they may not be aware of what happened all those years back and are totally confused and lost as to what is happening in their home.

You need to first assess how much damage has been done, then determine ways to fix it, then put damage control in place along with prevention.

Apartment Buildings Investment – Make More Money During Inflation

Those in the field of real estate investment know that it is a wiser option to spend money for apartment buildings than buying houses. It is less risky, much easier, and more profitable. Owning a multi-family apartment is considered as a fabulous real estate investment idea today, especially when the world economy is going through a dreadful low-phase. When prices increase, people need more money. There need to be more choices for a long term financial security than stocks and bonds. Apartment buildings prove to be the right investment vehicle that offer a steady flow of cash even at the times of economic downturn.

A lot of facts go into making apartment buildings the most desired real estate investment option. First and foremost, the truth remains that even though the value of assets have gone down considerably low, rents are on the rise. In the view of the increasing rents, the decision to invest in multi-family apartment is sure to bring pots of money for the buyer. Another fact is that more and more people are forced to live in rental property as a result of mortgage and foreclosure issues; many consider living as renters a less expensive option. There is a great demand for rental property. It is expected to continue to rise in the coming years too. And, no one else can make more profit from this trend than the wise investor who has bought an apartment building.

There is an obvious benefit in buying an apartment building. The cash flow is quite stable for an apartment building owner. Even if one tenant fails to pay or leaves the apartment, there are many others who live there and pay on time. That is not the case with single family homes; if the tenant does not pay, that is the end of your profit. If the single family moves, the owner has to find another one to live there to continue to get rent. Though you may be dealing with many tenants in a multi-family property, it is good as it provides a steady income when compared to the uncertainty of cash flow with single tenants.

Again, rent is higher for single homes and many would prefer to rent a place which is cheaper like apartments. Maintenance cost is also less in the case of apartment buildings. Banks are willing to provide loans for buying apartment buildings. Most banks provide up to 80% of the price for buying multi-family properties. As you own more apartment buildings, your profit increases and it is also easier to pay off the mortgages. If the money you earn after paying monthly mortgage installments and operational costs is considerable, then be sure that you are in the right path of investment.

When you have bought a multi-family property, it is always better to get the services of a property management company to take care of the day-to-day issues of the tenants. This will give you more time to concentrate on your investment matters than worrying about managing your property and its residents.

How to Buy an Apartment Building and Create Wealth

With the real estate market in the unstable state that it is, investors need to look further than the tradition methods of gaining capitol. One of these investment opportunities that is little known, but is worth taking a second glance at is the purchase of a multi-family apartment building. Surprisingly, owning an apartment building doesn’t mean the tradition misconceptions of hounding tenants for rent, and spending weekends performing upkeep on the property. Owning an apartment building is great for novice investors, or those looking to diversify their portfolio.

With foreclosure rates at an all time high, financial connoisseurs are investing. Warren Buffet, one of the biggest names in investing prefers times like this when the real estate market is in an uproar. Like all things, the real estate market will inevitably turn around – and this is when the gurus look for investments, and find some of the best ones – when others aren’t looking!

Many people are making the transition into multi-family investing with the high foreclosure rate, and the high cost of owning a home. Savvy investors are taking advantage of this information. As prices decline in homes, multi-family prices continue to remain steady. There are always going to be people seeking shelter, it is a fact of life. Why not buy into an investment that can provide shelter to as many people as possible, creating larger value for the investor.

Rental property has never been at a higher demand. According to the most recent census more than a third of the country is residing in rented housing. This is thirty six million households choosing to rent, rather than own, in this uncertain time. 83% of those under 25 are currently renting their home. 55% of those over 25 are renting their home – and as well, growing numbers of senior citizens are choosing to rent their home. Demographics are on the side of the investor choosing to purchase a multi family apartment building.

Purchasing newly developed multi-family buildings may come at a high cost, but the rent will also be higher – this makes older apartment buildings more manageable, cheaper and more popular with those seeking ap lace to live. There are many ways that the investor can increase the value of the home – or raise rent to increase monthly cash flow. Contrary to popular belief, older buildings are indeed in competition with those newly developed buildings.

The banks are also on the side of investors that choose to use their money to purchase multi-family buildings. Lenders are willing to finance up to eighty percent of most multi-family properties. The bank will often make adjustments allowing the homeowner to put as little as ten percent down towards the cost of the apartment building. This is done by creating a second mortgage, allowing the owner flexibility within regards to payments.

Seeing as the bank will provide up to eighty percent of the purchase price, leverage becomes one of the main benefits to owning an apartment building. Purchasing a property for as little as ten percent down can increase your initial investment up to four times per year, if the apartment building gains value.

A multi-family property becomes an even more attractive investment option when the cash flow theory is introduced. Cash flow is the amount of money that is left over each month after the mortgage and operating expenses have been paid. Cash flow can be used in a high interest saving account, or can be used to pay down the mortgage increasing the equity within the investment.

If you are looking to expand your investment portfolio and you would like to learn more about the many benefits of an apartment building investment then I suggest that you read my free mini course on apartment building investments that can be found at Apartment Building Investor

If you are really serious about learning exactly how to find, buy and manage very profitable apartment buildings then you must enroll as a student in my Buy Your First Apartment Building E-Course

Commercial Mortgages – Bank Requirements For Multi-Family (Apartment Building) Loans

Many commercial real estate investors contact our firm and want to know in-advance if their deal can qualify for an institutionally funded (bank) commercial mortgage loan. Unlike residential lenders, commercial mortgage lenders do not issue “pre-approvals”; we simply can’t tell if a deal will get done until we do some underwriting. We can, however, share with you some basic guidelines that virtually all conventional lenders are considering today.

Loan-to-Value (LTV)

LTV has been dramatically reduced during this “credit squeeze”. Just 24 months ago we were seeing LTV ratios above 80% and lenders were allowing large 2nd mortgages. Standards have tightened. In today’s credit environment, investors should not expect to see any loan offers above 75% and many are coming in significantly lower. 70% is a normal LTV ratio on new purchases with some lenders willing to go to 75% on refinance loans. Seller carried 2nd mortgages are discouraged and often disallowed altogether. Borrowers and sponsors without large cash investments in a deal will be turned away.

Debt Service Coverage Ratio (DSCR)

Banks, insurance companies and Wall Street brokers simply will not write loans against underperforming or vacant buildings anymore. Only stabilized assets need apply for institutional funding now-a-days. A building must be able to demonstrate a history of profitability and low vacancy. To be approved for a bank loan for the purchase or refinance an apartment building, the building must have a net-operating-income (NOI) equal to 125% of the proposed mortgage payment (a DSCR of 1.25). Deals that do not meet this requirement will have to wait until the credit markets improve or seek private funding.

Credit

Borrowers or sponsors with weak credit scores are being summarily rejected by banks. To qualify for a low interest loan with good terms, from an institutional lender, all the principle borrowers need to have a tri-merged credit score of 640 or better. I know this is bad news to many good people with problems on their credit reports, but that’s just the way it is right now.

Experience

Banks are not willing to take a chance on first-time apartment investors. All borrowers are now required to demonstrate real experience in rental housing and a track record of success.

Net-Worth & Liquidity

Many banks have instituted a policy of requiring that their borrowers have a net-worth at least equal to the balance of the loan they are seeking. In-other-words, if you want to borrow $1MM from the bank to buy an apartment complex, you need a net-worth of at least $1MM. Further, they will want to see that you have some money in the bank above and beyond the funds you’re using for a down-payment. Often they will require borrowers to have a savings account balance equal to 6-9 monthly mortgage payments.

Quality Property in Good Location

To secure financing from a traditional lender the building must be in a city or town that is not particularly depressed economically. Hard hit areas of MI, FL, CA or NV, for instance will be shunned. Also, the structure must be in good repair, lenders will shy away from buildings that have a-lot of deferred maintenance.

Deals that meet these basic requirements will find that there is no lack of liquidity even in this tight credit market; there is plenty of money for apartment loans for the borrowers and buildings that can qualify. Unfortunately, for deals that can not meet these higher lending standards, investors are going to have to seek privately funded, often called hard money loans or take on a well-heeled partner in-order to get funding.