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The following constitutes some of our latest discussions and observations. Visitors are welcomed and encouraged to participate and send us their views using our submission facility above: [IMPORTANT = Please note that content contained herein including those offered by Zeppelin / Real-Estate-Tech.com is for rough general reference and is suggestive only. It may not apply to individual circumstances or specific cases. Readers and visitors are advised to seek proper professional assistance and consultation where required or felt needed. Zeppelin / Real-Estate-Tech.com does NOT accept any responsibility or liability for losses, damages, claims and the like arising out of the reference to the content contained herein] 

(1) Posted by Forum Visitor: don h
Month and Year Posted: July 2001
Topic Area: Real Estate Finance

Thoughts anyone might have on getting started in real estate development on a small scale (i.e. csm vs. subdivision). Recently became a landlord and have realized real estate is my dream vocation. Not selling or managing but buying and holding, developing, etc. I don't have much equity in my home or many other assets that we be considered as collateral for a bank loan and I am sure they would be wary of the risk involved. Thus, my question is how can I get started in development on a small scale and, most importantly, acquire financing for a project.

Suggestion from real-estate-tech.com = Generally speaking, obtaining the required financing for a first-timer or novice is always tough as apart from financial concerns, the banks may not be entirely certain of the newcomer's development and project management skills, experience or track record (if any e.g. by having worked for a real estate developer etc). Many developers started out with equity borrowed from relatives and friends, some used their (last) savings, while others sought joint venture partners or investors. Usually, once a certain level of 'equity' is reached, getting financing for the rest may become easier and the real estate project may be pledged as collateral, preferably with a non-recourse facility. In any event, a successful project also hinges on having sufficient market demand and viable selling prices etc. Advisable to check / work with relevant consultants such as an accountant, lawyer, realtor, architect etc on planning, designing, contracting, marketing and so on.  

(2) Posted by Forum Visitor: Richard, Hu
Month and Year Posted: July 2001
Topic Area: Option Pricing for Real Estate

I am interesting in a topic of whether the Option Modules such as
Black-Scholes are suitable for the evaluation of real estate investment. If
you have any idea about it, would you please let me share with you?
> I am grateful for your answer!

Suggestion from real-estate-tech.com = while we are pondering the question, you may be interested to read the guest article posted in our 'Challenging Stuff' section and written by Dr. Eddie Hui from the Hong Kong Polytechnic University. The link is http://www.real-estate-tech.com/articles/ret0100b.pdf .

(3) Posted by Forum Visitor: J.D. Nilsen, Director of Operations, MissouriGrants.com
Month and Year Posted: August 2001
Topic Area: Down Payment Grants Programs

Down Payment Grants have provided many Americans with the opportunity to own their own homes.  With the increasing popularity of like programs, and the emergence of new "grant companies," borrowers have many options to choose between.  It is important for consumers to be selective when choosing what grant program to utilize.  Look at several programs before you make your final decision, contact each and ask relevant questions to your situation.  Take note of the quickness of response and depth of answer.  I'm sure you'll have further questions about the grant process so I encourage you to have your realtor/lender contact the grant company of your behalf to find our the specific details.  They often know the questions that you will eventually need answers to.  Good Luck and Happy House Hunting!

(4) Posted by Forum Visitor: Paula
Month and Year Posted: June 2002
Topic Area: Quit Claim Deeds

What is a quit claim deed and what is the process of initiating one? Is the party you quit claim to responsible for the mortgage?

Suggestion from real-estate-tech.com = What is a Quit Claim Deed? It is a deed that transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made, quoting from a real estate dictionary.