Answers - Real Estate

You deserve a pat on the back. 95% of people would have given up by now. You are truly one of the few 5% who wil

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

l succeed

You are a remarkable individual

“The 10 steps to buying profitable single family houses. ”

Step 5: Det

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

Examples of combination products may in

rmine how you will sell this house.

“Now wait a cotton-pickin’ minute here. Back the house-sellin’ truck up I

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

haven’t even bought this house yet. Why would I need to know how I’m gonna sell it?”

Well, wouldn’t you like to

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

now if you’re gonna make any money on this deal before you buy it?

Just like a mine shaft, you gotta know your wa

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

Combination pro

out before you proceed with any sudden moves.

Are you gonna:

– Sell it to another investor without touching it?

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

– Keep it and Lease-Option it to a tenant buyer? (No this doesn’t mean rent I’ll explain later)
– Fix

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

it up and keep it for yourself?
– Fix it up and sell it?
– Sell it as is to an owner occupant?

There are

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

several ways to structure a purchase but you have to know what you’re gonna do with it after it’s yours. If not,

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

you could wind up with a mess to clean up, literally

I don’t mean to scare you. Buying and selling houses really

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

is a fun and exciting business. It’s also very simple once you know the proper techniques. Don’t worry, you’ll

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

Following aspects would a

e a master of each and every one of those techniques before it’s all over.

For now, have an exit strategy in mind

dd to the challenges in developing combination products:

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

before you make the offer so you’re protecting yourself.

Not to worry I use a CYA (Cover Your Assets) form tha

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

I use for both buying and selling that protects me from liabilities. This gives you the upper hand on any neg

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

tiation.

By knowing how you’re going to profit on any property, it’s important to protect yourself from any un-ne

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

eded expense.

It’s a little overwhelming isn’t it? Really it’s very simple.

Once you know how you’re going to pr

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

Professional from academic institutions, pharmaceutical industries, health care indust

fit, there’s a simple chart you can use to determine just exactly which “no money down” method you’ll use to buy

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

the property. And guess what? You’ll In most cases you’ll end up with a check when you leave the closing tabl

.

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

e.

Till we meet again, take my advice. Start with the end in mind and you’ll find that you’ve created a win-win

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

Companies that provide selfless information through particip

ituation for both you and the seller, and you’ll have a Big-Fat-Check to show for it.

Talk to you soon.

Toby Lyn

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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Recently, I read a generally helpful article about using seminars as a means of attracting new clients, and I wholeheartedly agree with that premise. I’ve been doing just that for years, and it has helped my consulting practice, tremendously. But there was a trap in that article for the unwary. The author said: “If the purpose of your seminar is primarily to get clients, you shouldn't be expecting to make money on the seminar itself.” If you can make money on the seminar, I say you should, for five reasons, says Dr. Gary S. Goodman, top keynote seaker, seminar produce, best-selling author, and Fortune 1000 consultant.

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The incredibly vital things you need to reject and restrict when starting an Internet business- many just do not have a clue, you should!

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Answers - Step FIVE of Buying Profitable Single Family Houses

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