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Call us now @ 9999389911 or email at [email protected]
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REAL ESTATE CONSULTANTS CONSULTATION & FACILITATION OF DOMESTIC & INTERNATIONAL REAL ESTATE
A 152 GREENWOOD CITY PHONE: +91-124-4267922, +1305-222-7772 (USA) BLOCK ‘A’, SECTOR 45 MOBILE: +91-9999-38-9911, +91-99900-99200 GURGAON, HARYANA – 122 001. EMAIL: [email protected], FAX: +91-124-4267922
REAL ESTATE CONSULTANTS
The financial crisis in the World started in the lower half of 2008 in USA. Asa result of this crisis the BUBBLE real estate markets throughout the worldhave suffered major meltdowns. The real estate values all over the worldhave gone down with some advanced countries being more affected thanthe rest of the world. In the small world that we live in, this meltdown hascreated a golden opportunity for investors/individuals all over the world toinvest in real estate of these advanced countries for short and long terminvestments.
For citizens of developing countries like India this is an even betterinvestment option as the effect of global economic meltdown is minimumhere and the purchasing & investment capacity continues to grow. Eventhe government of these countries are supporting the overseas investmentswith the Reserve Bank of India (RBI) allowing the citizens to invest up toUS$ 200,000 annually overseas. With limited good real estate investmentoptions and lack of systematic functioning of real estate in India andavailability of real estate at rock bottom prices with much higher rentalincome and rate of return on investment overseas, the attention anddirection of investors and individuals are shifting towards the overseasmarket.
OPPORTUNITY
The abundance of dollar funds with the Indian Govt. and the depreciation of
real estate values all over the world provide us with this unique opportunity
to own our dream houses in dream locations. To turn this opportunity into
reality we extensively studied the international real estate markets and
discovered that the opportunities in USA are the most lucrative at the
present time.
The USA, being the world power, is the one of the most systematic country
in terms of real estate entry & exit. It is also the most sought after
destination by most foreign nationals for tourism and immigration.
The lack of knowledge & management resources present a unique
opportunity to our company to identify the right properties for the investors
which meet/exceed the expected Return on Investments for stabilized cash
flow and long & short term investment strategies. We would also identify the
local property management companies and monitor the socio-economic
growth to help the investors in taking appropriate decisions for long & short
term goals.
WHY USA?
Lot of people ask us “Why USA and not UK, Australia or Dubai”? The reasons are numerous,
however simple. Lets discuss some major ones: -
1. The eco-crisis started from USA and among the worst affected countries, USA is self
sufficient to fill up the deficit, thus the first to show signs of recovery. The real estate value has
not only stabilized but also started appreciating in some areas. We still don‟t know when
would the real estate market in countries like UK, Dubai etc. appreciate as the values have
not yet stabilized. Australia is experiencing a downward trend in real estate values from
almost the last 5 years.
2. USA political & legal system are one of the most transparent and systematic in the whole
world. The real estate laws in USA are straight forward and protect the owner in terms of
rental entries & evictions.
3. USA is one of the most preferred countries by Indians for business, vacation, investment
and relocating purposes. Any type of investment naturally easies out the Visa norms. Also an
individual can apply for a green card after investing US$ 1 Million.
4. Property ownership in USA is very transparent in the form of fee simple. Ownership in
countries like UK is leasehold, with the land belonging to Govt. and the lease needs to be
renewed after a specific timeframe, generally 90-99 years.
PROPERTY PORTFOLIO
Property Classes : –
Properties in USA are generally divided into two categories : -
1. Residential (Pictures Below) –
Single/Multi Family Homes
Condominiums
Townhouses
Semi constructed & Un-constructed residential land.
2. Commercial/Mix Use –
Office Buildings
Apartment Complexes
Hotels/Motels & Restaurants
Businesses for acquisition
Mixed Use (Residential + Commercial)
(PROPERTY CLASSES & PARAMETERS)
o Single Family Home:
ONE FAMILY HOME IN MIAMI, FL.
o 1-4/Multi Family Home:
A THREE FAMILY HOME SAMPLE IN MIAMI, FL.
o Condominium Sample:
CONDOS ON MIAMI RIVER. MIAMI RIVER FLOWING STRAIGHT INTO THE NORTH -ATLANTIC OCEAN.
o Townhouse Sample:
SAMPLE TOWNHOUSE - MIAMI
o Commercial Sample:
THE BACARDI BUILDING - MIAMI.
Property Parameters : -
PROPERTY VALUE :
1. US$ 100,000 & below – Discounted/Distressed Properties. These have veryless decision time. Are high on demand & have a good appreciation factorright from the start. Has good rental returns.
2. US$ 100-250,000 – These are generally properties for personal use. Havean option to buy a two or three family home, which have higher rentals.
3. US$ 250-500,000 – These are mid-end properties in urban areas like NY,CA, FL, NV which if single family, are semi- luxury homes and if multi family,then are optimum for one unit self living and other units rental or all rentalscheme.
4. US$ 500,000-1 Million – These are mostly multi family houses which havevery good rental returns. Small commercial units are available for this pricerange.
5. US$ 1-3 Million – These are generally very high end luxury apartments orhomes. Good commercial units are also available with options of mixed useproperties (4 residential units and 1-4 commercial units together) in thisvalue range.
6. US$ 3 million and above – These are super luxury apartments/homes or bigcommercial units. Price range can be between US$3-100 million.
Property Ownership Type:
1. FEE SIMPLE – Own the land & construction on it.
Tenure Objective:
1. 6 Months & below: – Acquisition, renovation & sale of property in 180days for instant capital gain.
2. 6 months – 1 year: – Acquisition & sale of property in 180-360 days forshort term capital gain.
3. 1-3 years: - Acquisition & sale of property within 3 years for rentalincome & long term capital gain (as per U.S. Tax Laws).
4. 3-10 years: - Acquisition & sale of property within 10 years for rentalincome & long term capital gain.
5. 10 years & above: - Properties purchased for self use, vacation orinvestment purpose with no intent of selling it for the next 10 yearsand/or keeping them permanently.
Location: Entire U.S.A. starting with Florida.
UNDERWRITING PHILOSPHY & COMPONENTS
Our underwriting method consist on a reliable, conservative, sophisticated yet simple system, that creates accurate results, based on different exit strategy's channels. One of the key areas is to focus on the investor‟s need for the investment term, stabilized returns and/or short term gains.
Basic Info Required:
1. Property Type & Description.
2. Purpose of Investment.
3. Market Dynamics, vacancy factor, micro & macro market.
4. Appraisal/Value.
5. Location.
6. Exit Strategy.
Property Facts:
1. Stabilized/Projected NOI/ROI.
2. Adjusted Rent Roll.
3. Current Occupancy.
4. Market Occupancy.
5. Rent Roll with Roll Schedule.
6. Current average Rents on properties.
7. Current & future market rent trends.
8. Current NOI/ROI.
Property Variables:
1. Rent Assumptions
2. Expense assumptions
3. Credit tenants
4. Lease terms
CASH FLOW STATEMENT
Acquisition $60,000
Particulars Outward Inward Balance
Gross Rent $14,400 $14,400
Property Taxes $1,800 $12,600
Property Insurance $1,200 $11,400
Property Management $1,200 $10,200
Vacancy Factor $900 $9,300
Repair & Maintainence $900 $8,400
Lease Commission $1,200 $7,200
Rental Rate of Return 12.00%
Appreciation Factor 100-200%
SINGLE FAMILY HOUSE
Costing
next 3 to 5 years
Annual Cash Flow
Acquisition $250,000
Particulars Outward Inward Balance
Gross Rent $43,200 $43,200
Property Taxes $6,000 $37,200
Property Insurance $3,000 $34,200
Property Management $1,800 $32,400
Vacancy Factor $1,200 $31,200
Repair & Maintainence $1,200 $30,000
Lease Commission $1,200 $28,800
Rental Rate of Return 11.52%
Appreciation Factor 100-200%
Annual Cash Flow
next 3 to 5 years
MULTI FAMILY HOUSE
Costing
Acquisition $65,000
Rehab $30,000
Total $95,000
Particulars Outward Inward Balance
Gross Rent $19,200 $19,200
Property Taxes $2,400 $16,800
Property Insurance $1,200 $15,600
Property Management $1,200 $14,400
Vacancy Factor $800 $13,600
Repair & Maintainence $800 $12,800
Lease Commission $1,600 $11,200
Rental Rate of Return 11.79%
Appreciation factor 100-200% next 3 to 5 yrs
Annual Cash Flow
SPECULATION PROPERTY
Costing
Acquisition $60,000
Particulars Outward Inward Balance
Gross Rent $14,400 $14,400
Property Taxes $1,200 $13,200
Association Fees $2,400 $10,800
Property Insurance $600 $10,200
Property Management $1,200 $9,000
Vacancy Factor $600 $8,400
Repair & Maintainence $900 $7,500
Lease Commission $1,200 $6,300
Rental Rate of Return 10.50%
Appreciation Factor 100-200%
CONDOMINIUMS
Costing
Annual Cash Flow
next 3 to 5 years
GOVERNMENT APPROVALS (RBI) As per 2007 update on Liberalized Remittance Scheme {A.P. (Dir
Series) Circular No.9 dated September 26, 2007}, an Indian national
is allowed to invest US $ 200,000 per person annually in foreign
markets through automated (banking) route.
The above said amount can be utilized to buy stocks, bonds,
shares, immovable real estate, debt instruments &/or any other
asset abroad.
No prior RBI approval is required in the transactions. Your bank can
perform the transaction on your behalf.
BUYING PROCESS
When a Florida property has been chosen,
the property both buyer and seller draw up a
contract setting out the conditions of the sale
which also includes the checks and property
inspections. Both parties are represented by
agents, who act through a broker. A deposit
of at least 10% is paid at this point. The
property buyer loses this if he/she withdraws
from the deal, but if the property fails to meet
the conditions of the sale outlined in the
contract the deposit is refunded. The
property buyer and seller then both appoint a
settlement company in order to complete the
transaction. The balance is paid by the buyer
and both parties sign the final documents.
The transfer of ownership is then registered
with local authorities.
MANAGEMENT TEAM
SUSHANT BAGARIA:One of the partners with Eminence Real Estate Consultants, he has been
deeply involved with U.S.A. real estate facilitation & mortgage origination
from the past 7 years. He is fully aware about the appraisal & facilitation
factors in the U.S.A. market. Expert at identifying properties with
exceptional rental returns & appreciation factors.
RACHIT BAGARIA:Rachit Bagaria, the other partner with Eminence Real Estate Consultants
has also been deeply involved with U.S.A. mortgage & real estate
business. Rachit has been very successful in understanding the customer
needs & requirements and to match them with the appropriate inventory.
NICK NAMIT:
Mr. Nick Namit, (President, I.M.M.S.I.), is a well known name in USA real
estate & mortgage market. It is a real estate investment consultation,
management & servicing firm. Based in Florida, the company identifies
distressed & discounted real estate with un-matched returns for local &
foreign investors.
Eminence Real Estate Consultants have an exclusive contract with Mr.
Namit for property identification & facilitation.
1 New York Times: July 22, 1990 – “Northeast Notebook: Philadelphia;
Rejuvenating Drake Tower” http://www.nytimes.com/1990/07/22/realestate/northeast-notebook-philadelphia-
rejuvenating-drake-tower.html
CONSULTATION & FACILITATION OF DOMESTIC
& INTERNATIONAL REAL ESTATE
Address:
A 152, Block „A‟
Greenwood City, Sector 45
Gurgaon – 122001 (HR.) INDIA
Contact:
Phone: +91-124-4267922; +1516-596-8961 (U.S.A.)
Mobile: +91-9999-38-9911; +91-99900-99200;
Fax: +91-124-4267922;
Email: [email protected] ; [email protected]
THANK YOU & HAVE A NICE DAY