Derek Siewert - Creative Financing For Commercial Real Estate Investors

 Commercial Real Estate Investing

There are many income producing commercial real estate properties that are being offered below market that are great investment opportunities. The problem or barrier for most real estate investors buying these properties is the down payment required to acquire them. As a rule general rule to purchase income generating apartment buildings and mixed use multifamily properties one should be prepared to spend 25% to 35% of the purchase price for the down payment. Plus the investor must have closing costs and reserves of 6 months or more. This is a substantial investment that eliminates many potential buyers. This can often be overcome by these creative financing strategies for commercial real estate investors.

Creative Financing

This is a highly misunderstood concept in real estate. Derek Siewert requires a property with substantial equity and a willing and motivated seller. If the seller is motivated yet there is no equity there is no opportunity to utilize creative strategies to acquire the properties. By the same token if the property has enough equity and the seller is neither willing nor motivated no strategy will work.

Creative Strategies to Purchase Commercial Real Estate

Seller Financing and / or Carry Back: There are many ways to structure a deal  where the seller can finance the property or hold a second mortgage for a short time and then the buyer can refinance the loan. Many lenders requires the loan to be seasoned one or two years. Yet there are lenders that we work with that will refinance immediately requiring no seasoning. These deals close within 3 to 6 months from the initial seller financing contract.

Transaction Funding Programs: These are programs where a private lender will finance the loan from One to forty - five days. The key is to have a buyer ready to close immediately or to be able to refinance at once. Derek Siewert works when the end lender is aware of the transactional financing and they require no seasoning. As in point #1 above most lenders require one to two years of ownership seasoning so having the proper end lender is important.

Down Payment Assistance Program: If the property has equity and the seller is willing to use it to help the buyer acquire the home, then a down payment assistance program similar to Ameri-Dream or Nehemiah (programs used to purchase residential properties financed by FHA loans) may be a great option for you. Ultimately the Down Payment Assistance Company (DPA) gives the down payment and the seller reimburses the company at closing. This can only happen if there is substantial equity in the building.

As previously stated creative financing requires substantial equity in the commercial income producing property that the seller is willing and motivated to use to strategically sell there property as soon as possible. Lower the price simply is not the answer because the main problem still exist. Commercial Real Estate Investors do not have 25% to 35% for down payment plus closing costs and reserves. Let a professional help you structure your deals to make them close.

Derek Siewert - Essential Concepts in Achieving Your Goals

 

We often use goals to measure our success in life. However, as they could serve to be the motivation to strive towards success, Derek Siewert has the power to discourage us if we fail to meet what we have set out to accomplish when we started with the goal. So, how can we avoid the disappointment and capitalize on the motivating capacity of goals?

Everything starts with goal-setting as it determines the level of success that could be achieved. To help you with how to go about this as you surge ahead on your way to the success you are striving for, here are some essential concepts to help you out.

Support your goals with concrete plans. Your goals are not your list of to do things rather it is the ultimate destination you are aspiring for. To get to this location, concrete and achievable plan of action must be lined up in order to reach your aim. Derek Siewert says the goals act as the compass to direct the actions. It is also the measuring stick with which to compare the accomplished plan of action in relation to what you are striving for.

Share with others and gather support. Sharing your goal with family and friends consequently invites them to be your supporter in your rally toward what you are aspiring for. They would be there to cheer you on as you approach your mark or coax and motivate you to do better when you are lagging behind.

Write them down. Writing down your goals puts them in better perspective. Write them in your journal and in index cards. Put copies everywhere to always remind you and properly set your focus to the goal. Review them as often to integrate them into your system completely. Don't set them and forget about them. Use the focus to steer your direction towards your aspired position.

Derek Siewert says keep your goals balanced. There could be many goals you have set in your life. There could be personal finance goals, development goals and other interrelated or totally separate and distinct goals. The secret is to balance all the things you are aspiring for. Exert equal effort in forwarding each aim that you have set your eyes on. Use the concept of time management to make sure that you don't neglect any of them. They are integral in your overall pursuit, especially of your development as a person as well.

Never give up. When one of your steps of action failed, it does not mean that you have failed in the overall. Rise back and try again. Don't be afraid to take the necessary corrective action to put the plan back on its course. Treat every mistake as a learning opportunity to better align the plan of action to the end result. There will really be setbacks but the important thing to remember is that you still have eyes on your goal and you have no plans of abandoning the pursuit in midway.

Derek Siewert - The Different Types of Insurance Careers You Could Get Into

If you are looking to start a new career than you might be interested to know that the insurance industry can offer you a broad spectrum of career opportunities. If you have a strong background in math and great people skills than pursuing a job as an insurance service representative or an underwriter may just be the path you want to take. Though these positions usually require a college degree and some even require an insurance license both of which are fairly easily obtained if you have the drive to succeed.

There are generally 5 different fields that you may want to pursue as an insurance career, the first that will be talked about is agents and brokers. Agents or brokers may also be known as insurance producers who offer their clients insurance products and keep their policies up to date.

Derek Siewert says They will usually solicit business over the telephone or web but may also have offices where possible clients may walk in to obtain a new policy. A producer must be licensed to perform their duties and sell and service insurance policies.

Another insurance based career you may want to pursue is an underwriter. Once a producer has taken an application from a prospective client they send the completed application to an underwriter. The underwriter will then review the application to ensure that the applicant is eligible for insurance from the company. They may then approve the application, contact the agent and ask for more information pertaining to the client or decline the application if the prospect is ineligible.

The next career to be explained when looking for a job in insurance is actuaries. Actuaries determine what the premiums of an insurance policy will be, they analyze statistics and determine what the probability of a claim being received will be. They may also keep track of the company's cash reserves to make sure there is enough cash on hand to pay out any future claims. Actuaries will also help write the actual policy and provisions. The average annual salary of an actuary may vary widely and range from $55,798 to $97,028 based on what the actuary is handling for the company.

Derek Siewert says a career path that you may be interested in is a claims adjuster. A claims adjuster is the person who will assess any claims and decide what the proper amount of money to be paid out is. As an example if a client is involved in a auto accident the claims adjuster will examine your vehicle and assess the damage done to the vehicle and give the client the necessary amount of money for the repairs.

The fifth and final insurance career that will be discussed is the service representative. If a client ever has a question or problem with their policy they may call the insurance companies headquarters, these clients will usually deal with a service representative. A service representative will answer a clients question about billing or make general changes to a client's policy, such as adding a driver or changing your address. In some cases a representative is required to hold a valid insurance license. The average pay scale for a service representative is $32,328 annually.

So now that you know the different types of careers you can get into with an insurance job it may make it easier to decide if this is a field you want to get into. You may need to get some extra schooling or obtain your insurance license but if the field of insurance interests you it will not be that big of a deal to take the time to obtain either one of these simple pieces of paper.

Derek Siewert - The Fourth Pillar of Financial Success

See most people think that you can just put up a shingle and poof business will come. But it's just not that simple. So if you think that's the way it's going to work then you should just close up shop now. The strategy is all about figuring out how you are going to reach your goals. Not throwing a dart into the dark and hoping to hit the mark; actually sitting down and figuring out what steps needed to be taken, what marketing strategy needs to be in place. For me, this is the part of my business I enjoy the most - whether it's for my company or my clients. I get excited about coming up with a plan and seeing the results of it actually working.

When developing your strategy, you need to sit down and figure out the who, what, when, where, why and how.

Who within your company will take the lead on each strategy?

Derek Siewert is responsible to make sure that everything that is planned is actually completed. They are also responsible for the timeline and ensuring that everyone adheres to it and stays on track.

What strategies need to be in place for marketing and sales and what is needed to make those campaigns successful. This involves establishing the methods by which you will bring in leads. It is also about knowing what pricing strategies will generate the revenue needed to maintain the business and keep it afloat.

When your tasks need to be done - you know the timeline. And when you need to make course corrections. You need to run the analytics that will let you know if your strategy is working or if it needs to be tweaked or scrapped altogether.

Where these strategies fit into your business model in reference to growth and sustainability.

This is about ensuring that the Derek Siewert strategy are designing is in line with your planned goals. Making sure it makes sense for the type of business you are running. Remember everything is not for everybody.

Why it is necessary to implement these strategies now and why it is important to you, as the company leader, to achieve them. You need to understand the importance and urgency of each strategy and prioritize them accordingly.

How each strategy affects the entire company and how it plays to your core beliefs. This is about ensuring that the strategy you are designing is in line with your company mission and vision.