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Real Estate Investing is simple, but not necessarily easy! You see, people can complicate anything! It's like telling someone how to drive a car. It's not complicated at all. Just open the door. Sit down. Turn the car on and put it into dr

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

ive. But, people always make things harder than they need to be; They start asking thinks like 'which door should I open - the left or the right?' or 'Do I unlock it with a key or click the button' and on and on we go. Twenty minutes later,

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

Examples of combination products may in

we've still not even been able to get into the car.

I liked that analogy because it applies to real estate. There are really 5 things you need to know - or steps - when it comes to real estate.

Here are the 5 Real Estate Investing Tips you

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

need to know!

Tip #1: Find a Motivated Seller
Stop wasting your time trying to make deals out of deals that aren't there. Sellers are motivated to sell a piece of real estate by only 3 things:

Change in personal situa

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

tion. Sellers become very motivated to sell their properties when things in their personal lives change and they can no longer afford the home or there is an emotional reason for selling. Personal reasons for selling a home are: job loss, di

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

Combination pro

vorce, relocation, illness, etc.

Economic conditions.

Property conditions

Tip #2: Evaluate the Deal
Once you've found a motivated seller, it's time to decide if the deal is going to work. Real

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

estate investing comes down to the numbers. There are 5 factors to consider in order to decide whether or not to invest in a property.

Location. If real estate is located in an area that is full of abandoned properties and rundown

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

houses, the score will be lower than if the house was located in a prime location, close to all of the area amenities.

Condition. The better the condition of the property, the higher the score will be. For instance, a brand new ho

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

me is going to have a substantially higher score than a property that's rundown and needs major repairs.

Price. The lower the price, the better! The goal is to purchase real estate for as little as possible. 30% or more below mark

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

t value will score much higher than when the seller is asking for market value or better.

Financing. Real estate comes down to the numbers. If the seller is willing to give you financing with flexible terms and low interest

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

rates and you don't have to come out with any of your own money, it's better than when the seller needs all cash up front.

Seller's Motivation. On a scale of 1 to 10, how motivated is the seller to sell his/her property? The more

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

Following aspects would a

urgent their situation is, the higher the motivation score.
Tip #3: Write an Offer
After you've done your homework and looked at the numbers, it's time to put the pen to the paper. But before you write your offer,

dd to the challenges in developing combination products:

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

ake sure you have 2 exit strategies in place. This way, you're not stuck holding onto a piece of real estate that you can't rent or sell. Many people are losing their shirts in real estate because they jumped in on pre-construction and hoped

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

to "get rich quick". Consider submitting 3 contracts on the same property with different prices and terms and let the seller decide what works best for his/her situation. For instance, you may have a wholesale offer at 50% of market value,

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

a seller financed alternative that you might use for a rental, and a lease option which you might do a sandwich lease-option.

Tip #4: Line Up Your Financing
Once the seller has agreed to one of your offers, it's time to get the d

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

al closed. If you're wholesaling the property, find your investor-buyer. If you're going to close on it yourself, line up the financing via a conventional lender, hard money lender or line of credit. Also start looking for a tenant or tenant

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

Professional from academic institutions, pharmaceutical industries, health care indust

-buyer if you're goal is to build a long term real estate portfolio. The key is to get your financing lined up in accordance to your exit strategy and begin moving immediately.

Tip #5: Follow Through with Your Plan
Many 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 investors purchase a piece of property with one plan, buy-fix-sell. They write the offer based on a certain sale price and with a specific plan to renovate. Then, once they close on the home, they over-improve and try to sell it for more t

.

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

an it's worth or use a hard money lender and then decide they want to rent it.

If you follow these steps and remember the tips, then you will make money in real estate. If you deviate from the plan, then your chances of running into problem

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

Companies that provide selfless information through particip

s increase. You wind up with the wrong type of financing, you can't find tenants, the holding costs eat the profits, etc.

Remember, real estate investing is like driving a car. It's simple. Get in, turn the key, put it in drive, and go!

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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