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There are almost as many different ways to make money and do deals in real estate investing as there are people. Here’s one more.

My son got a call the other day f

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

rom a woman named Marge who has a house to sell. Her house, located in the city, is in a school district that Marge isn’t happy sending her daughter to. Prices in t

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

Examples of combination products may in

at neighborhood are in the low $60k range for a three bedroom home like Marge’s

In a down market, Marge knows that it will take her a long time to find a buyer usi

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

ng traditional means, and she really wants to get her daughter into a better school right away. That’s why Marge called my son after reading his ad.

After talking

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

o Marge for a few minutes, my son determined that she was thinking about asking $60,000 for her home, but she “might take $45,000.” That’s a $15,000 drop inside of

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

Combination pro

bout 90 seconds! How do you spell M-O-T-I-V-A-T-I-O-N ?

My son knew he needed to get together with Marge at her home right away and get her house under contract. 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

he only problem is, my son is cash poor right now and not prepared to assume any long term debt. He needed to do some fast thinking.

After touring the house and af

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

irming that, yes, Marge would accept a low offer for her home, my son called another investor he knows and asked if he might be interested in the house. They agreed

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

to meet at the property to look it over.

My son and the other investor met at Marge’s property, and the other investor decided to offer Marge $35,000 on the spot.

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

Marge took her time, but eventually said yes. Only one problem. She wanted help finding another home she could lease/option in the town where she wanted to send her

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

daughter to school. If my son could find her a new home, she would let her house go for $35,000.

My son went to work, calling every investor he knows to find a new

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

Following aspects would a

home for Marge. After many calls and a lot of digging, he found a likely property in the town in question in Marge’s price range. Only one problem. The owner was no

dd to the challenges in developing combination products:

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

t open to selling the home on a lease option.

Are you sensing a theme here? Everywhere my son turned there was “only one problem.” He was quickly learning that bei

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

g able to solve people’s problems sets the successful investor apart from the “wanna be’s.”

My son set a time to meet with the seller. He sat down and explained th

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

lease option process in detail, letting the seller know how to protect himself and how to set up the lease option to make it profitable and beneficial for all part

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

ies. After a little back-and-forth, the seller agreed, and my son learned another great real estate investing

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

Professional from academic institutions, pharmaceutical industries, health care indust

lesson.

The long and short of this is, Marge will move into her new home next week. My son and his investor friend will close on her house and my son will

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

et a $1,000 finder’s fee. He will also collect a $2,000 referral fee from the seller of Marge’s new home. My son’s investor friend will most likely realize a $15,00

.

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

0 to $20,000 profit from Marge’s home.

See what a few hours work and a little tenacity can do? Real Estate I

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

Companies that provide selfless information through particip

vesting Success is all about combining knowledge with effort… and many times the knowledge will come as you are making the effort.

Now, go make more offers

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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