Joseph Kavana Is the Chief Executive Officer of Miami-Based K Group Holdings

Joseph Kavana was born in Uruguay in 1949 and has been residing in Miami since 1980. He has worked as an active developer and investor for more than twenty years in the real estate industry. Joseph Kavana is now serving as Chairman and CEO of K-Group Holdings, Inc., a leading real estate development company involved in various prestigious projects. For the past 25 years, K Group Holdings, Inc. has successfully evolved as an active investor and manager of strategically-selected companies throughout the world. K Group International Development, a division of K Group Holdings, is a diversified real estate investment and development company working in the United States and Latin America. The company is actively involved in the development of a project known as Yoo Punta Del Este in Uruguay and Yoo Nordelta in Argentina.

From 1980 to 2000, Joseph Kavana has served as Chairman of the Board and CEO of Sagaz Industries, Inc. The company manufactured and distributed soft goods products for the automotive industry. In a short period of time, under his expert leadership, the company became leader in the automotive aftermarket. In 2000, he sold the company to Pennzoil Quaker-State. He then created K Group Holdings Inc, driving force behind Metropica, a premier mixed use development in the heart of Sunrise, Florida.

Joseph Kavana was also involved in various land development deals such as Jacaranda West (Plantation, Florida) and Chapel Trail (Pembroke Pines, Florida), which represented more than 400 acres of land. Recently, he has made significant contributions in Sunrise, Florida where in 1994/95; he purchased 65 acres of land through Sawgrass Property Investments and Sawgrass 17 Acres Partnership. Joseph Kavana has an extensive knowledge in various asset classes including land development, commercial/retail, multi-family as well as industrial. Mr. Kavana is also active in several other real estate and development projects that spread across various properties and establishments. Check out the complete details about achievements of Mr. Kavana, by browsing through www.kgroupholdings.com.

Pg Real Estate Extended Its Functionality With 2 New Modules

Script for creating a Real Estate Website PG Real Estate was enriched with 2 new modules:

* Newsletter Module is a powerful marketing tool that will allow you to easily design HTML or text based newsletters and send them out to your site members. Site members are segmented into different mailing lists automatically according to their type (Private Person, Real Estate Agency or Agent of Real Estate Company) so that you could make effective targeted mailing informing your site members of promotions, site news and more.
* Mortgage Module will add a new section to your Real Estate Site – Mortgage Section. You will be able to provide your site visitors with current mortgage rates, built-in interactive calculators, mortgage tools and information. Your site visitors will be able to apply online, filling in application forms. Applications forms are compatible with Calyx Point and Fannie Mae LOS.

Now beside basic functionality PG Real Estate has 3 add-ons: new Newsletter Module and Mortgage Module and a module that was released earlier – Advertising Campaigns module.

For those who purchase PG Real Estate with All Modules, there is Special discount provided.

How to Structure, Appraise and Value a Real Estate Mortgage Note

Five Key Factors that Impact Risk, Value and Income

What is a real estate mortgage note?
Legally speaking, a mortgage note is two legal documents: 1) A promissory note, and 2) An encumbrance or lien recorded against real estate. But, based on every day conversational usage, most people, lawyers excepted, think of it a one document. To be technically correct in this discussion we will deal with the two separate documents-the promissory note and the mortgage or deed of trust.

To determine the best way to structure a real estate mortgage note we must first consider our goal or our purpose. Remember, we are discussing a “financial instrument” an “investment instrument”. The function of a financial investment is to generate income/cash-flow at the highest rate possible rate commensurate with the risks involved. We will assume the investing goal provides at least a market rate of income, recognizing the risks involved.

5 Key Factors Impacting the Fair Market Value of a Real Estate Mortgage Note

1. Borrower/Debtor
2. Interest Rate
3. Payments & Terms
4. Collateral Security
5. Document Language

Borrower/Debtor
Always deal with a borrower that has good credit. A person’s FICO (credit score) shows how reliable they are in paying off debts-keeping their promises. Avoid buyers who object to having their credit history pulled; there is a reason they want it kept confidential. Don’t take their word for their past paying history, do a credit check.

Interest Rate
The interest rate should be reasonable and fair to both parties; it should reflect the market rate for the mortgage loan with an appropriate adjustment for risk factors. Over charging can lead to hard feelings, inability to make the payments and possibly violating the usury laws of the state. Undercharging devalues the loan and renders it a poor investment.

Payments & Term
The periodic payment should be within the budget of the borrower; the payments should be monthly; the term of the loan should be less than five years, three years is better; avoid making long-term loans. A note with a 3-year term is more valuable than one with a 15-year term. The longer-term notes are discounted much more to account for the longer waiting period.

Collateral Security
Obtain a substantial down payment; keep the loan balance at or below 75% of the value of the collateral real estate. The down payment amount reflects on a borrower’s financial stability. The higher the loan-to-value (LTV), the more risk there is to the investor. Use real estate as the collateral security backing-up the bower’s promise to repay. Be certain to evaluate the condition and location of the property used as security. The mortgage or deed of trust documents collateralizing the promissory note should be recorded in first position; it should be a first position mortgage loan.

If you are structuring a business promissory note, its value will be much greater and it will have less risk if the real estate of the business is part of the note’s collateral security. This means that companies that lease property face bigger financing discounts, unless other real estate is used as security.

Documents and Language
Preparing the mortgage loan documents yourself is high risk folly; it may seem simple and easy to do, but it is not either if it is done correctly; you may save some money on the front end, but you will give the savings back plus way more on the back end. On the internet you will find hundreds of ads and offers proclaiming “free promissory note forms”, “free tips”, and the answers to legal questions “free”. Don’t take the bait! Only an experienced promissory note specialist who really understands the legal and practical meaning of the terms and conditions can keep you safe; each state has different laws and customs. There are state laws and federal laws to be considered.

The Top Notch Real Estate Companies India

The booming property market of India proves the rapid growth of the real estate companies India. The realty companies of India are involved in varied activities ranging from infrastructure development, residential complex, commercial real estate to retail space development.

The favorable government policies are one of the major reasons behind the growing real estate companies India. The government approves of 100 % FDI encouraging people from all across the globe to invest in India. Let us take a look at few of the major real estate companies.

Major Real Estate Companies India

Ambuja Realty Group The company is a joint venture organization between Ambuja Housing and Urban Infrastructure Company Limited and West Bengal Housing Board. The objective of the company is to develop affordable homes with strong base and close nature.

DLF The developer is considered to the be biggest builders of India. The first project developed by the company was on the very heart of Delhi. It is a trend setter in the industry. Much of the credit for changing Gurgaon urban landscape goes to DLF.

Sun City Projects It is one of the leading companies in India. The company has till date involved into variety of projects ranging from group housing to townships to luxury apartments, shopping malls, complexes for office to amusement parks.

Merlin Group For the past three decades the company is active in the real estate sector. The builder has successfully developed townships, office buildings, shopping malls, clubs and office buildings in many cities like Kolkata, Ahmedabad and many such.

Mittal Builders The company has been into the real estate industry for the past 5 years. Unlike its counterparts, the main agenda of the company is to develop real estates. It has successfully carried out its development activities in cities like Mumbai, Bangalore, Pune, Secunderabad, Nagpur and many others.

K Raheja Constructions The construction company ranks among top 10 realtors of India. It was honored with Best Construction & Real Estate Sector Implementation. Raheja has built many projects in cities like NCR, Mumbai, Pune, Chennai, Bangalore and many such.

There are numerous other real estate companies India that are coming up with innovative commercial and residential projects, changing our very form of living.

Knowing A Bit More About Wholesale Real Estate Investing

Among the simplest ways to get in the real estate business is via wholesale real estate investing. It simply requires you to seek out a less expensive property for sale and look for a buyer who is willing to buy it immediately. This would grant you a quick profit the second the sale is done.

Whether you are considering wholesale real estate investing a business or perhaps just a temporary means to earn cash quick, take some time to get to know the strategy first. Understand that there are positive aspects as well as disadvantages in this method. It is essential that you are aware of all these so you can make a practical choice that you wouldn’t feel sorry about afterwards.

There are lots of advantages of wholesale real estate investing. It does not involve a great deal of money and it does not necessitate that you possess certificates or special degrees. Since wholesale lets you market properties right away, you can do it even with very little cash on hand.

This strategy is considered extremely low risk. There is not any threat in losing much money since the wholesaler doesn’t have to purchase the property. He creates an offer to buy it at a given price and when the seller agrees, he makes it under contract.

The wholesaler appears with the funds either by himself or from another party. In this case, if he’s got a readily available buyer then he doesn’t need to shell out cash. If ever the wholesaler ceases to come up with the cash at the agreed time, the contract will just be nullified. There aren’t any legal effects on that case.

In addition, wholesale doesn’t require you to reconstruct or maintain the property. You do not have management work to accomplish. Every deal is a one-time transaction that is fast and provides swift profit.

However, there are a few downsides you have to consider. The first one on your list is that if you’ve no ready buyers available, then you ought to hold on to the property much longer. That way, you lose a bit more profit.

It is also quite possible to purchase a property and then discover in the end that you need to spend more money on repairs, hence reducing your profit. That being said, it’s extremely important to check out the property very well prior to choosing to buy it.

Once you have weighed the benefits and drawbacks of wholesale real estate investing, the decision is yours to make. If or when you decide to embark on this kind of business venture, make sure you’re well prepared for everything that could happen. Do not forget, be a wise investor and gain profit rather than lose it.