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Answers - Alternative Real Estate Investing Method - Never Seeing The House? Part 2
I had to find an alternative real estate investing method to solve my problem. As a real estate wholesaler, finding myself
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
stuck, 3000 miles away from home for several months, what would it take to continue my real estate entrepreneurship withou
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
t physically being in the local market?
I was already using a VOIP as my main phone company, and Efax.com as my faxing ser
I was already using a VOIP as my main phone company, and Efax.com as my faxing ser
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
vice, both being totally portable. This allowed me to use my Texas numbers in Canada. As far as anyone knew, I was calling
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
from Texas.
My market was to “Tired Landlords” who I mailed regularly and found great deals. “Tired Landlords” are “abse
My market was to “Tired Landlords” who I mailed regularly and found great deals. “Tired Landlords” are “abse
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ntee owners” don't actually live in the property. There is the likelihood that these are investment properties, and with t
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
hem come challenges that often motivating the owners to sell.
Using an online mailing service, I upload my list and my mar
Using an online mailing service, I upload my list and my mar
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
keting letters. Then with a few mouse clicks, and paying by credit card, my usual 500 piece weekly mailing got launched in
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
a few minutes, and at a lower price “per letter” than doing by hand. A week or two later my Texas phone started ringing (
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
in Canada) with prospective sellers! It was a beautiful thing.
I was already using the free, comparable sales research to
I was already using the free, comparable sales research to
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ols, like Zillow and First American Title, which were “hit and miss” for accuracy, so I always did a double-check with a lo
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
cal appraiser. It was pretty easy to develop a relationship with a local appraiser to work with me on sales comps, in hope
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
s of getting the appraisal business.
Since I couldn't physically inspect the house or neighborhood, what was the next best
Since I couldn't physically inspect the house or neighborhood, what was the next best
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
thing? With a combination of free online resources for demographics, and the “Google Earth” satellite images, for a birds
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
eye view of the house, I could see if there was a gas station next door, or a trailer park across the street... the kinds
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
of things that could really affect value.
I had the sellers send digital pictures of the house by email and also, fill out
I had the sellers send digital pictures of the house by email and also, fill out
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
the “sellers disclosure form” with any known deficiencies. Of course, included in the sales contract was an inspection cl
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ause to allow for a professional inspector. If the outcome fell short of expectations relayed in the “sellers disclosure”,
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
renegotiation was in order .
To my delight, I discovered “virtual wholesaling” is very doable, very efficient, and very p
To my delight, I discovered “virtual wholesaling” is very doable, very efficient, and very p
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
rofitable. In fact, since then I almost never see the houses I wholesale to my investors, because they are all over the USA
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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