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Top Adding - Profit From Under-Utilized Properties
Targeting under-utilized properties may lead to a "diamond in the rough." You can make a lot of money with this strategy. You can also spend a lot of time searching for these profit opportunities.
It was definite
It was definite
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
ly an under-utilized property. When we looked at the house, we were just thinking in terms of living in it. It had two bedrooms and a full basement. It also had an extra lot, with a mobile home on it. Since the mo
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ile home was beyond repair, hauling it away was just an added expense. We passed on the property.
When the house was finally sold, the first thing the new owners did was put a livable mobile home in place of the
When the house was finally sold, the first thing the new owners did was put a livable mobile home in place of the
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
old junker. Apparently the zoning either allowed for this (I thought it hadn't), or the new owner convinced the township that allowing a new mobile home was better than leaving that eyesore that was undoubtedly "g
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
andfathered" in the zoning.
The power pole and water lines and septic system connection were already there, so the new mobile was soon ready to rent. The home wouldn't have cash flow if rented alone. However, thi
The power pole and water lines and septic system connection were already there, so the new mobile was soon ready to rent. The home wouldn't have cash flow if rented alone. However, thi
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
s additional $25,000 investment probably added just $150 per month to the cost of the financing, and rented for around $550. That extra $400 in income might have turned this house that was ignored by other investo
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
s into a great source of cash flow.
There are always some properties around that are not being fully utilized. You might find apartment buildings with extra land for the second building that was never built. You
There are always some properties around that are not being fully utilized. You might find apartment buildings with extra land for the second building that was never built. You
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
might find houses that can be easily added to for additional rent. Some large apartment buildings may not have laundry facilities and storage space for rent for their tenants.
You can get more creative in changin
You can get more creative in changin
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
a property if you want, but there is an easier way to use this strategy. Just look at properties with a couple simple questions in mind. First, "What do other similar properties have that this one doesn't have?"
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
Second, "What part of this property is not being used, or not being used as well as it could be?"
Real Estate Profits - An Example
Suppose you find a mobile home park that is for sale. Applying the questi
Real Estate Profits - An Example
Suppose you find a mobile home park that is for sale. Applying the questi
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ns above, you notice two important things. First, you see that unlike other parks you have looked at, this one has 10 of the 40 spaces empty. You also see that there is an ugly weedy space in the middle that has j
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
st a rusted swing set for the children. You start to think about what you can do to solve these two problems.
Since the value is based on the current income, you know that you should be able to buy it right, and
Since the value is based on the current income, you know that you should be able to buy it right, and
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
then raise the value substantially by getting the other spaces rented out. The current owner has just been waiting for new renters to show up, but you know that could take years. You have a better plan.
You buy t
You buy t
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
e property at a price that gives you a little cash flow each month - a fair price. You raise the rent for the spaces by $30 per month, letting the tenants know that you will be improving the park. You spend a few
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
thousand dollars to clean the place up, and to make the ugly area into a park-like setting with picnic tables and flowers and grass. You add a couple new washing machines to the laundry building, and paint the sig
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
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
s in the park.
Now comes the most important part of the plan. You buy 10 nice used mobile homes for total cost with delivery of $80,000, or about $8,000 each. You fill up the spaces in this way, and put an ad in
Now comes the most important part of the plan. You buy 10 nice used mobile homes for total cost with delivery of $80,000, or about $8,000 each. You fill up the spaces in this way, and put an ad in
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
the paper "Nice mobile homes in a great park, for only $500 down, $250 per month. You sell them for $10,000 each, with interest of 12%. Having made it so easy for the buyers, within six months you have sold them a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
l and have income for the spaces in the park now as well.
Between filling the empty spaces and raising the rent, you have increased the total income of the park by $50,000 per year. Once a year has passed, so the
Between filling the empty spaces and raising the rent, you have increased the total income of the park by $50,000 per year. Once a year has passed, so the
.
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
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
new income will show in the books, you sell the property for $350,000 more than what you paid, because the higher income supports a higher price. (In many areas, $50,000 more income would result in a price that i
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
$450,000 higher).
You net close to $300,000 for your efforts. You also are making a good profit on the mobile homes you bought and resold. This is how to take an under-utilized property and make a profit with it
You net close to $300,000 for your efforts. You also are making a good profit on the mobile homes you bought and resold. This is how to take an under-utilized property and make a profit with it
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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