Top Adding - Real Estate

You’ve heard that foreclosure deals are profitable. It sounds like something that you could do, right? But where do you start?

Foreclosure investing i

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

s not as simple as buying a house, fixing it up, marketing it and selling it to a new family. But, then, foreclosures’s where the big buck are – in deal

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

Examples of combination products may in

that others can’t orchestrate.

When you hear about foreclosure deals, they could be any one of three types.

1. Foreclosure Auctions – These happen at

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

the county courthouse and require cash payment. Because you are dealing with the county selling the property, not the homeowner, some think these are e

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

siest. Other than the cash needed, also be careful of other liens that will survive the foreclosure.

2. REO Sales – These deals are plentiful now that

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

Combination pro

foreclosure rates are at all time highs in some areas. An REO is Real Estate Owned by the lender or bank. Since the bank is in the money business, not

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

the property business, they often sell their REOs below market value. You can find these deals on your local multiple listing service.

3. Pre-Foreclos

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

re Properties – Pre-foreclosure sales are a purchase of the property before the county foreclosure auction. Because of that, timing is critical. The bas

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

ic steps are to find the property, locate the owners, negotiate with the owners and maybe their lenders, and close the deal before the sale date. These

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

are the most difficult to put together, but the most profitable.

OK, so all that’s good information, but where do you start? Start with some basic educ

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

tion. Foreclosure investing is a lot like a jigsaw puzzle – lots of pieces that you need to put in the right place. But that is not hard when you know

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

Following aspects would a

what you are doing. In fact, it’s challenging and rewarding. Don’t be in a fog. Know what you are doing or foreclosure investing can cost you dearly.

dd to the challenges in developing combination products:

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

etting trained will require some investment of time on your part. Search the web. You can find everything from simple ebooks (often with money back guar

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

anties) to multi-day live trainings – with price tags from $20 to $4000. Whether you are brand new to real estate investing or just new to foreclosures,

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

start with a couple ebooks. Go through them a few times to really get everything. Learn the terms, get comfortable with the concepts, understand the pr

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

cess. Join a foreclosure investing forum.

The you are ready to do your research, find the property and evaluate them. Try to help the sellers, but nev

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

Professional from academic institutions, pharmaceutical industries, health care indust

er promise. You just never know, foreclosure deals can go south for the weirdest reasons. Be honest and persistent. Don’t be afraid to walk away if th

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

ngs don’t look right to you. There’s no shortage of foreclosures. When one falls apart, move to the next one.

Avoid the beginner’s pitfall of thinking

.

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

you don’t know enough to do a deal. If you stop now, it’s like training for a marathon, being there on race day, but never leaving the starting line.

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

Companies that provide selfless information through particip

et started! Find a deal and use your education. Knowledge is power! Will you know everything? No. But in foreclosure investing, no one knows it all

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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