Answers - Real Estate

1. Find foreclosures

If you have enough cash you can buy homes at the foreclosure auction. Most areas require you to pay cash the day of the auction. The problem with this strategy is that you

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

might run into title problems and many times you cannot see the inside of the home prior to the auction.

My personal favorite is to find people in foreclosure and work a deal with them prior to the auction. Thi

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

s does not require you to pay cash and many times you can buy the home with seller financing.

This situation can be beneficial to both parties. You are helping someone keep a foreclosure off their record and al

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

so buying a home at a discount.

2. Pay retail and hold for the long haul.

Paying retail for real estate has worked very well lately. The Sarasota, Florida real estate market, like many areas o

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

f the country, has been booming. You could have purchased pretty much anything within the last few years and made money.

There has been alot of talk lately about a real estate bubble. It wil be interesting to

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

see if recent home buyers will keep their price gains. I believe prices to stabilize in areas that are forecasted to have large population growth, like Sarasota, Florida.

In my area almost every property has a

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

negative cash flow if you purchase using a mortgage. I cannot find one property in my area that produces a positive cash flow with any kind of financing.

You have to focus on the time value of money when lookin

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

g at the long term benefits of real estate. Let's say you buy a $200,000 house today and the home appreciates at a modest 5% a year. After 20 years that home will be worth more than $530,000! At a 10% apprecia

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

tion rate for 20 years the home will be worth over $1,345,000! Let's be negative and say that real estate will only appreciate at 3% a year for the next 20 years. At this slow appreciation rate the home you pai

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

d $200,000 for would still be worth $361,222 at the end of 20 years. Keep in mind that at the same time you or your tenants are also paying down the mortgage. Can you imagine if you had 10-20 good long term re

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ntals? After 20 years there is a good chance you would be a multi-millionaire.

3. Buy in depressed areas

Find areas that are depressed but have some redeeming quality such as proximity to the

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

beach or waterfront, a thriving downtown or some other desireable place. Many depressed neighborhoods need a pioneer. Someone to come into the neighborhood, pay retail, either tear down and build or rehab the o

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ld homes. This kind of activity will eventually attract other investors or home owners with money. Once the money starts rolling into the neighborhood it changes and starts to become a more desireable place, wh

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ich ultimately attracts more money.

I purchased a home in a depressed neighborhood on the water in Bradenton, Florida. A developer is buying my house and other depressed homes in the neighborhood to build high

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

rise condos. The redeeming quality of the house I purchased is that it was on a river, with a gorgeous view and was convenient to a changing downtown.

4. Fix up houses

As a Realtor I have work

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

ed with hundreds of buyers over the years. There are people who just won't buy homes that need work. They either don't have the time, patience, knowledge or desire to buy an outdated home and fix it up. This i

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

s where the handyman or contractor can make some good money.

I have made money in the past by fixing up and flipping tired homes. However, I have always purchased them at a discount from normal market values.

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

Make sure you either get the house at a good price or have a way of adding some value to the house. Usually, the investors who get their hands dirty make money doing this. I see many wanna-be investors get into

.

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

this game by purchasing homes at retail or slightly below, contracting out all of the fix up work and then trying to sell above what the market will bare. These are the investors who tend to make little or no mo

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ney in relation to the time and risk associated with the project. Would you want to lay out $30,000 for a downpayment and $40,000 in fix up costs over the course of 6 months to rehab a house only to make $10,000

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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