The Apartment Property Investor Superclause – buying apartement

“Think before you act and then act decisively. Fortune favors the brave.” — Brian TracyOne of the most nerve-racking steps for beginning investors is to write an offer on a property. It is an exciting time, but can also be a little intimidating for even the most experienced of investors. But it does not have to be – if you know how to write a purchase offer properly.Now I want to make sure I provide my legal disclaimer on this one. Real estate law varies from state-to-state, and of course changes over time. I am not an attorney, and do not play one on T.V. You should run any investing advice you wish to implement past your broker, attorney, CPA, and any other competent professional before putting to practice.OK, now that we have got that out of the way, let me tell you a story about what I’ve discovered…I just got done wrapping up a property purchase with one of my clients. He purchased a 32 unit apartment property, and what this guy did that I really liked was use “The Superclause”. You see, when I work with people, especially people that are good, I am careful to take notes at what they do that makes them successful.You are probably aware that most standard purchase and sale agreements include provisions to protect both the buyer and the seller. For example, most standard real estate purchase contracts include wording such as, “subject to financing,” or “subject to seller obtaining clear title.” These are the standard items that need to be included for a sale to complete, but my successful investor client had something much better in his agreement.The “Superclause” was the provision he wanted inserted in the contract in order to make sure that he would find out all relevant financial and property information. In other words this one paragraph would protect him from being surprised by something that could come back to bite him during the purchase process.The majority of investors I have seen do not use a superclause when buying apartment properties. Most should.But remember, any contract clause does not substitute good homework on the property. It also does not solve any purchase or property problems in and of itself. But it can help the buyer out during the process.I have included the Superclause below for your reference. However, before we get to it I think it is important to understand that one clause in a contract does not totally protect you. You have to spend time looking at all facets of the property too.The bottom line is just do not spend your time on one clause and rest your profits on that. Make sure you are proactive throughout the entire due diligence process.Here is the Apartment Investor Purchase Contract “Superclause”:”Seller to provide the following for buyers examination and approval in the next 15 days:1) All leases
2) All property management agreements
3) All vendor contracts
4) Current Rent Roll
5) Property Income and Expense History for the last two years
6) Year to date property income and expense history
7) Last two years tax returns as they pertain to the property
8) All units, buildings, grounds and mechanical systems.Buyer may void this contract at any time during this 15 day period if the information found does not meet buyers approval”How about that one! This is a true “success strategy” from a real-life professional investor. I would highly recommend that you print off a copy of this and save for future reference during your next apartment property purchase. Be sure to run any and all of this past your attorney, but this one single clause could potentially save you thousands of dollars in costly mistakes.

Can College Student Get Used Car Loans? – College University

Are you a college student who’s ardently looking for a used car loan so that you can get yourself a car to drive in and around the college/university campus? You are on the advantage side with plenty of used car loans options listed on internet. The specialized car loans are only devised for the students who just want to buy a car as they do not have any stable source of income available to support them. Today, car has become a necessity for the college students as they have to travel miles before they can actually reach the university campus.Buying a car will simply ease their problem and save them plenty of time. There are many car dealers online that offer used car financing services, where they don’t even ask about the credit report or any other financial statement from the students. All a student need to do is provide address, course of study and the name of college/university. It is also quite significant to mention here that college students who are seeking bad credit or no credit auto loan for brand new car or SUV, will have to pay high interest rates to the financier or car dealers, and this would in turn add to the financial burden. However, this is not the case for the students who go for used car loans.Why Considered Buying A Used Cars?College students can now avail an easy used car loan if they are enrolled in any college or university. The student car loans are exclusively designed to meet the requirements of students who usually have poor credit history. The best thing about students’ auto loans is that students will not feel the burden of paying huge amount of monthly installments, as the installments are calculated at low and affordable interest rates.When a college or university student buys used car by procuring used car or auto loans, he/she has to make sure of certain things from the very start. The student should try to secure pre approved car loan. Get in touch with a reliable car dealer who understands the loan requirements of students. Check the vehicle identification number VIN as well as the service history of the used vehicle. This will help the student to get an exact idea of the condition of used car. Usually the used car loan rates are low, but still students should compare and shop well to ward off any doubt.Getting Online – What College Student’s Should Know?Once you are ready with all these things, you can make the car deal. The alternative for college going students to buy either a new car or a used car depends wholly on their financial effectiveness. Although there might not need to worry much because lenders are now ready to finance them if they are able to show some regular income source when they apply for a new auto loan or a used car loans. The best agreement about these financing is that you are able to buy an excellence car that with good condition and at very reasonable interest rates that you can own. Also do not forget to check in about previous history of used car which you are thinking to buy, be sure about Vehicle Identification Number (VIN) show on both side (paper and vehicles) are correct and there are no such serious accident damages history or the vehicle has got stolen before.