Answers - Real Estate

Buying a home might be the biggest investment you will ever make. Whether buying your own home, or one for you and your family, it is important to understand what makes a good investment property and have a plan before you buy.

A

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

home buyer will have a far more likely chance of making a successful investment if they go into the deal having a plan and knowing a few basics about real estate. In this article I want to give you a few basic fundamentals of real

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

Examples of combination products may in

estate to get you on the right track for your next home purchase.

A few things you’ll want to do:

• Look for “don’t wanters”: This is a Seller who wants to get rid of the property as soon as possible and will be very flexible w

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

hen it comes time to negotiate price and terms.

This person might be going through a divorce, experiencing a job transfer, or they might be settling an estate. Whatever the reason might be they are motivated to sell quickly and t

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

ey are usually willing to give you a good deal.

How does one find a “don’t wanter?” The answer is look long and hard. Be patient. You may have to talk with dozens of sellers before you find one “don’t wanter”. Get the word out y

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

Combination pro

ou are eager to buy and you will find those who are eager to sell.

• Find appreciating neighborhoods: Don’t buy homes in run down neighborhoods. Shell out a little more money to buy in neighborhoods with good schools and other n

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

eighbors who take pride in their home. You’ll be glad you did when it comes time to sell and you cash in on all that appreciation.

A Few things you will want to be careful of:

• For Sale By Owners: Otherwise known as “fizbos”.

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

These can be the best deals and the worst deals. First time home buyers beware! Only people experienced in real estate should attempt to buy a fizbo with out the help of a real estate agent.

A novice can get burnt badly paying

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

oo much for a home or just having to deal with a mountain of paperwork not knowing how to do it. If you’re a novice and you find a fizbo that you think you want to buy, negotiate a commission with a real estate agent you trust to

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

help you handle the purchase. Most real estate agents will come down in their normal fee structure to have a deal simply handed to them.

• No trailers, manufactured homes, or fancy fixing up: Trailers are a bad investment. They

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

will always depreciate and not appreciate in value. Manufactured homes are better but still not a good investment.

• Another mistake young investors or first time homebuyers make buying a home, fixing it up and then selling it is

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

Following aspects would a

that they will often times make “improvements” to the home that most buyers don’t want.

If you plan on selling a house within the next couple of years, do not paint the inside rich lavish colors. In fact all walls should be whit

dd to the challenges in developing combination products:

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

or off white to make the best sale. Fancy landscaping is also a no-no especially if you plan on turning your home into a rental, at some point in the future. Tenants generally do not maintain landscape very well at all.

Here is

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

a good tip…

The duplex plan: A great way for a novice to get a foot into real estate is to buy a duplex and live in one side while renting out the other side. This way you will get the best loan possible (owner occupied) and yo

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

u can effectively have a tenant help you pay down your mortgage quickly. After you have been in their a sufficient amount of time you can move out lease the side you were in and buy another duplex or home and continue the process.

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

There are literally dozens of ways to creatively finance a home. I’m not going to mention all the ways you can creatively work a house deal but I will say it is well worth your time reading a Nothing Down by Robert Allen or any

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

Professional from academic institutions, pharmaceutical industries, health care indust

f the hundreds of books out there specifically designed to teach about creative financing in real estate.

A wise investor once said that in real estate, your money is made when you BUY the investment not when you sell. Real estat

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

e investing and home buying is a huge world.

There is a ton to learn and just when you think you’ve learned it all, you get burnt and you learn something new. If you want to make your home purchase a real estate investment I high

.

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

ly recommend you read as many books as you can get and then jump in with both feet. Don’t wait. If you consider your real estate a long term investment then you’ll always be reasonably assured you’ll come out on top. Many times

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

Companies that provide selfless information through particip

way on top.

If you wait for the timing to be right, you might be waiting a long time. The advantage you will have over other investors is you are serving dual purposes simultaneously; a roof over your head and a killer investment

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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Saving may seem easier if you were saving for a new car, or a vacation however when it comes to saving in general it may prove to be more challenging because you may not necessarily feel you are receiving a reward from it. However saving pays off, especially as a single mother. All you need to do is simply spend less than you make each month...

If you plan on getting the most from the sale of your home you better be sure it can pass the “sniff” test. Let’s face it your home should smell good. When this comes to selling the house, it means that there should be no noticeable odors. Make careful attempts to get rid of pet odors, cooking smells and cigarette smoke. Smell makes an enormous impact on people when they enter a home. Furthermore, while smokers and pet owners may not even notice the smells in their home – having become quite accustomed to them – they may be an overwhelming turn-off for potential buyers.

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