Luis Enrique Coll

How Real Estate Agents Can Use Drones to Help Boost Sales

Luis Enrique Coll
Drones are usually utilized if you have an outdoor hobby. If you are a travel blogger, someone who does hiking a lot, or if you have an event business, a drone can be your best bet in getting bird-eye view shots.

However, as a real estate agent, are you able to use drones to help you in your business? According to Luis Enrique Coll, a real estate expert, you can! Here are different types of drones that can be used in a real estate business:

  • Multi-rotor drone – this type of drone can only stand a short period of time in the air. However, it is a cheap option if you need only short footages of your real estate properties. They require a lot of energy to operate but it is the most commonly used in most business projects.
  • Fixed-wing drone – fixed-wing drones are those that look like a small plane. They can stand longer in the air even for using a lesser amount of energy. Although they can easily glide, it won’t be possible to hover in one spot, especially if you prefer to have a 360-degree view in one area.
  • Single rotor helicopter – this variety is less common, but can also be used for different purposes in business. For example, you can use the helicopter drone can be used to carry heavy equipment, or carry a bulky type of camera.

According to Luis Enrique Coll, here are some ways for real estate agents to use drones in their business.

How Real Estate Agents Can Use Drones to Help Boost Sales

1. Drones can give a birds-eye view in a pre-selling property

One of the biggest challenges for real estate agents is selling lots for a newly constructed neighborhood. A lot of people have no idea of what a property development looks like, and they might be discouraged to buy if they don’t see an overview of the whole area.

Giving them a clip of footage captured by a drone will help them to see the benefits of buying a pre-selling property, especially when there are beautiful nature landscapes nearby.

2. Drones can help give an overview of the neighborhood

Aside from seeing the whole development, drones can also help in giving an bird-eye view of the neighborhood. The neighborhood is a factor for home buyers because most people want residences which are accessible to other places.

Capturing footage of nearby recreation, hospitals, schools, groceries and other important establishments which are near the property can help you gain advantage in selling the property. You can also capture footage of the amenities within the neighborhood such as parks, community centers and other activities that will entice your buyers.

3. Drones can aid in providing professional-looking footage of your property

If you are also part of the marketing team in the real estate company, your brand may require you to have professional-looking footage. Aside from making indoor footage, you would also need to have outdoor video clips.

In fact, it is more considerable to have outdoor footage if you are planning to sell property because the exteriors are the ones which do not change quickly upon a potential customer’s move. By having a drone, you are able to create a smoother footage form the top, gliding and panning towards the sides, and other types of angles for your footage.

4. Drones can help in creating footage clips for promotional content

You may need a lot of other footage to promote your content and make stunning videos. You can use this content and post it in social media networks and as an introductory video in your website.

Having drone clips can be an additional plus because it can help gather clips where users can see the the properties within the village, which may also entice them to see the beauty of the overall development.

5. Drones can also help create time-lapse videos of a developing property

If you want hovering time-lapse footage of a developing property, you can do this using drones. Drones can stay in one place, move slightly, or go from bottom to top in a certain period of time to create these types of clips.

They can be used as a promotional content, as well as a preview content of a single property that you are planning to sell to your clients.

Keep in mind that you must secure permits to fly drones in your area as well. Drones can be used by any businessthat hopes to capture high-quality videos for content. Whether its to show to single customers or provide video previews in a website or in traditional promotional platforms, drones can be a useful tool to attach your cameras on.

hard money loans

6 Ways to Get Funds When You Have Bad Credit

hard money loans
Bad credit is a crutch for many aspiring entrepreneurs and existing startups. It creates an unfavorable situation for your business, especially during its early stages. Without good credit history to back up your loan applications, banks and private lenders will either reject your application outright or attach high interests on your loan, which over time can eat up a significant chunk of your revenues. Fortunately, traditional financing options are not the only path to securing funds that your business needs. Here are six other sources of funding:

Fix Your Credit Score

Alternative financing options are a temporary solution for funding your business. In the long run, you’ll benefit more from improving your credit scores. Gradually work your way up to the 700 range to get lower APR and higher amounts on your loan. Request a free copy of your credit report from one of the three bureaus, namely Equifax, TransUnion, and Experian. You’ll narrow down your specific score and be able to verify if there are any mistakes or unscrupulous activity that is weighing down your scores. If there is, file a dispute to resolve the issue.

Home Equity 

Bad credit loans secured through home equity is a good way to avoid the traditionally high-interest rates that credit cards and financing programs are designed with. In fact, according to studies, these traditional methods of financing only account for less than 30 percent of the overall financing needs of early-stage startups, indicating that more than 70 percent of the seed funding and cash infusion made towards startups are obtained from other sources. Bad credit loans sourced through a home equity line of credit or HELOC come with a variable interest rate, which means you can renegotiate lower terms throughout the loan’s life cycle.

Alternative Lending

According to a report by the Small Business Credit Survey, early-stage startups and small businesses that produce $1 million or less in annual profits are often more successful at getting the funding they need from smaller institutions and web-based lenders as opposed to large banks. There are two primary groups of alternative lenders – direct and peer-to-peer lenders. The former is typically designed for smaller to mid-sized companies and cuts the middleman including private equity institutions and investment firms. Peer-to-peer lenders, on the other hand, directly bridges borrowing businesses with angel investors who often finance small amounts of a diversified loan portfolio.

Consider Gifts and Grants

If you want to avoid making monthly payments, you can set your eyes on getting gifts and grants. These are basically free cash, but programs that grant them have a very meticulous process of selecting recipients. Be cautious of services that promise to look for government-sponsored grants for you. You’ll want to do the research and homework yourself to find a grant program that best suits your business model. For the most part, healthcare companies, tech startups, and retail brands operating within low-income communities are the most common recipients of grant money. You should also consider cashing in favors from your previous employers, coworkers, and friends. Doing so could yield free office space and equipment for the early stages of your business at least.

Look at Merchant Cash Advances

For small businesses and startups who need cash to continue operating, merchant cash advances or MCA is another good alternative to bank financing. Through a merchant cash advance, lenders offer you with a lump sum amount for a pre-agreed upon the percentage of your expected account receivables. You repay the initial sum loaned to you plus any fees specified by the lender. The debt is paid with deposits transferred from your linked business account on a fixed schedule, either on a daily or weekly basis. MCAs are ideal for businesses that have solid sales and revenues but need help dealing with delayed account receivables and overdue account payables.

Don’t Count Out Hard Money Loans 

Hard money loans are simply loans secured by real estate used as collateral. They are backed by private institutions or individuals instead of traditional sources, like banks and credit unions. The repayment conditions for hard money loans usually range between as short as 12 months to as long as 5 years. Of course, the longer you wait to repay the debt, the more interest you pay. Typically, this type of loan requires monthly interest payments or interest plus principal amount.

Final Thoughts

Although most financing options seem cut from the same cloth, every option has its own pros and cons that you’ll want to review first before signing anything. Keep in mind that many of these contracts are binding, and signing up for higher than normal interest rates can bring more financial suffering to your business rather than relief. It pays to consult with a financial adviser to get a clear sense of what your business really needs.

Key Transformations Virtual Reality Has Offered in Real Estate

 

Since 2010, virtual reality has been making waves and with time this technology has come out as a major improvement in the way people access different services across the internet. One of the industries that have benefitted majorly due to the advent of virtual reality is real estate. Different marketing and presentation approaches have come that are making it easier for companies in the real estate industry to deliver to their market plans and highlights that allow buyers to easily choose and decide whether to buy. If you are yet to embrace virtual reality in the real estate industry, here are benefits of the technology that you might be missing.

Marketing off-plan properties

Before buyers commit to acquiring an asset in the real estate industry, they are interested in seeing what features are included. This is especially necessary if the project has not been implemented yet. When you use virtual reality to display off-plan properties, buyers don’t need to travel all the way to your offices to see it. All you need is to provide a virtual tour where they can see all the features and finishes included in the design. In some other cases, the seller could decide to make it possible for the buyer to play around with different finishes and additions, which allows them to feel part of the deal or to enjoy a sense of ownership.

Through this way of marketing off-plan properties, a real estate company can sell more and access a wider market as a result of the technology. This is a cheaper system that does not demand a lot of time from the buyer, so they will only need to travel for physical viewing when they are satisfied the deal will reflect whatever preferences they have in mind.

Save time and money

As an investor in the real estate industry, your focus is reaping as much profit as possible, and to do this you also must consider eliminating some costs. One way to achieve lower costs is ensuring the marketing process is streamlined and more importantly while designing the structures technology is employed to eliminate difficult tasks that require many resources and time. Virtual reality is one way to achieve this goal effectively as most of the additions are available as templates that to include you need only one click. This is not to forget that while marketing, there is no requirement for the buyer to travel all the way to the venue, which saves transport costs and time.

Virtual customization

As mentioned earlier, offering clients a chance to alter some features of the space is one way to give them confidence in choosing what they would like added to make the space ideal according to their preferences. According to Renders 3D Quick, many businesses that use virtual reality for marketing have been able to more easily convince clients to embrace their services and are able to forge a good relationship that leads to lucrative deals. You could as well try this technology to reach more clients in the market.

On the Role of International Economic News on Real Estate Value

luigi Wewege Real EstateWhen the news of the United Kingdom’s historic decision to leave the European Union made its way overseas, it was accompanied by reports of economic collapse and widespread fear regarding the sudden financial market volatility. The value of the British Pound plummeted immediately in response to the news, and speculation ran rampant regarding the global ripple effects of the so-called “Brexit.” This is one of the reasons Luigi Wewege so frequently discusses the benefits associated with focusing on the most stable of markets, and the financial services expert’s insight seems to have been validated after seeing so many divergent reports regarding the impact of the recent news out of the United Kingdom.

In one example illustrating the divergence of opinions regarding the potential economic fallout, prominent market experts and analysts have simultaneously declared that the New York real estate market will both benefit from and be harmed by the United Kingdom’s departure from the EU. There are valid reasons for expressing either opinion, as theNew York real estate market may appear to be a much more stable option now that there is such market volatility associated with the United Kingdom. On the other hand, the luxury real estate market is likely to soften by a significant degree considering the current surplus that exists.

Perhaps the reality is that it is simply impossible to predict the long-term economic consequences of this decision, particularly since most of the initial response appears to be caused by the unexpected nature of the outcome rather than the actual outcome itself.

BoldLeads on Strategies for Negotiating the Ideal Real Estate Purchase

BoldLeads NegotiationOf the best pieces of advice provided by real estate agents to the clients secured through the use of BoldLeads, a willingness to compromise on the terms of the deal during the negotiation process is perhaps most beneficial for all of the various parties involved. This is due to the fact that most residential real estate buyers and sellers are going to be involved in this process only a handful of times, with most only going through the process just once or twice during their lifetimes.

Real estate agents using BoldLeads wish to see their clients get the best deal possible whether the client is buying or selling the home. During the negotiation process, many agents advise clients to be willing to compromise in certain circumstances, but only when they are able to extract some concession from the opposite party in exchange for the compromise. For example, a seller may wish to stay in the home they are selling for a period of time even after the sale has been completed, perhaps because the home they plan on moving into will not be ready before the sale is finalized.

Some buyers may feel this is too inconvenient a request and will move on. Others, however, will use the request as leverage to lower the asking price on the home by a significant degree in exchange for the delay. When this sort of compromise can be reached, both parties benefit significantly. This is why so many real estate agents encourage their clients to thoughtfully consider each proposal throughout the negotiation process.

Luke Weil on Common Misconceptions in Real Estate Investing

Luke Weil real estate investingNow that the US housing market has essentially rebounded from its historic collapse, investors are showing renewed interest in real estate investing. Luke Weil, an investor and entrepreneur who has studied the ebb and flow of the housing market for many years now, believes that anyone can have success as an investor provided they are willing to devote themselves to learning and deeply understanding the key strategies involved in this particular investment endeavor.

There are many different paths investors can take when becoming involved in the real estate industry, but it is a near-universal truth that the manner in which the investor perceives their investments will have a significant impact on determining their success or failure. The most common mistake investors make when entering the real estate market is to view a property in the same way they would view stocks or bonds.

An experienced investor and entrepreneur such as Weil would be quite likely to advise newcomers to real estate investing to look at things quite differently, as it is simply most ideal to perceive property investing as more of a business endeavor than an investment endeavor. This is because property investing requires more time, research, management and due diligence than many of the more traditional investment opportunities.

While investors tend to appreciate the relative lack of volatility associated with real estate values, the risks associated with the recent housing market collapse still exist. Avoiding the calamity that befell so many real estate investors requires a level of commitment to research and due diligence that often goes beyond what investors are willing to devote to a property investment.

Investors Underground on Beginning a Career in Day Trading

Over the years, day trading has confounded some of the most skilled and successful investors and has developed something of a reputation — however inaccurate — as a risky enterprise. This is one of the misconceptions that Investors Underground has sought to correct through its day trading community, and it has repeatedly succeeded in demonstrating how even the most inexperienced investors can enjoy exceptional results with the right tools and access to comprehensive educational resources.

According to a recent Investors Underground review, day trading is far more accessible than its reputation might seem to indicate, which is why the company has created a comprehensive system of support through which beginning and veteran investors alike can consistently earn impressive returns on their day trading investments.

With educational programs that cover everything from the most basic concepts of day trading to the more advanced strategies favored by experienced traders, Investors Underground has proven time and again that the support of a community can ensure day trading success for all members.

Managing and Ultimately Eliminating Credit Card Debt

Even the most disciplined among us may have personal experience with how the slightest credit card lapse can lead to debt that rapidly accrues and takes far longer to pay off. Most credit card users are keenly aware of the optimal way to use their cards, yet emergencies and other circumstances sometimes force even the most intelligent cardholders to rack up what quickly becomes unmanageable debt. Though it may seem daunting to pay off this debt, there are several strategies available to those whose debt has accumulated quicker than they realized and are having trouble just keeping pace with the interest.

Shrewd individuals such as Ken Fisher are probably well aware of these strategies for managing and eliminating debt, just as they are quite likely to understand how to utilize their cards to yield all kinds of valuable benefits. For those who are contending with high interest rates and are only paying the minimum balance each month, it is important to recognize that this approach is very unlikely to lead to debt elimination in the near future, particularly if the interest rate is fairly high.

In these situations, taking advantage of a promotional balance transfer can be quite ideal. It is often the case that another card will offer zero interest for 12 or 18 months on any balance transferred from the original card. When using this tactic, it is important to calculate the monthly payment needed to pay the balance in full before the promotional interest rate expires. If the balance is not paid by this time, the interest rate may be applied to the original balance and negate the efficacy of this strategy altogether. Once the card has been paid off in its entirety, the card should be used sparingly and the complete balance paid off in full at the end of each month.

Creating Income With Real Estate

When looking at residential properties, location matters most as it is often the biggest factor in business. Adding transit roads, educational institutions, malls, parks and such, the neighborhood grows and the value climbs. This can also work in reverse and a neighborhood decays.

You can control the value of your home and partake in the growth of a healthy neighborhood by home improvement. This means putting in a new kitchen, upgrading to a garage and remodeling the bathroom are just some of the ways you may try to increase the home value.

Of course, the most obvious and common source of value is freshly developed land. The land outside the city limits grows in value over time because of the potential for it to be bought up by developers or in other words, supply and demand. The developers then build homes and businesses that raise that value further.

 

 

Karl Jobst Doesn’t Have To Worry About Money

Money is something that successful business oriented people don’t have to worry about, but thinking about their success often leaves us wondering how did they get to where they are? In a recent interview with Karl Jobst, he is asked what drives him to create such success and in return, he explains a secret to his success by saying,

“Commitment to what I do. Putting the time and effort in. Success is not given but earned. Taking my failures learning from them not becoming discouraged but using them as tool to improve and not make that mistake again.”

This is obviously a man who has worked very hard for what he has. He has shoveled his own path and kept digging until he hit gold.