Multi-Generational Vacations are the Way to Go

Family vacations are a great way to get away with everyone, and create even better relationships with the entire family. A trend that has really caught on in the last few years is multi-generational family vacations. Not only are members of the same household vacationing together, but now it includes siblings, parents, and their families as well. Grandma and grandpa are joining in on the vacations, and hotel staffs everywhere are seeing this trend grow.

It is a great way for the kids to be able to spend time with the grandparents, while still enjoying a nice getaway. Sharing the memories instead of just telling family members about the vacation is a large reason why bringing the whole clan has become so popular. The Pelorus Group knows all about family vacations, and helping provide the best experience possible. It will be interesting to see if this multi-generational family vacation trend continues for a while, or if it is just a phase that travelers are going through to switch up from the typical get away.  

Going Through an Airline to Book Your Next Vacation

By doing research, you can find some excellent beach vacation packages. For example, with packages that can be customized to include family amusement parks and miniature golf, Myrtle Beach vacation packages are among the best packages available.

Delta, and some other airlines also offer beach vacations. While you may not think about going through an airline for your beach vacation package, they really allow you to customize your vacation right down to the last detail. And since they will most likely have airports with flights into and out of your designation, you might as well make a package deal with them and save on your airfare. 

For a new and exciting new vacation destination check out The Pelorus Group’s new development, Melrose on the Beach, South Carolina’s newest luxury destination.

Source Article – Street Directory

100 Years Old and Still Hitting the Slopes

The Pelorus Group is a Salt Lake City based real estate development firm whose core business encompasses many diverse specialties including upscale resort development projects, boutique hotel properties and golf courses.

Being 100 years old doesn’t stop this woman! Elsa Bailey certainly knows how to live life to the fullest, and she was surrounded by friends and family on May 11^th as she hit the slopes in Colorado to achieve downhill glory on skis. Having fun even at 100 years old, Elsa Bailey was a bit nervous if she remembered how to turn on skis. She started skiing at 25 years old, and doesn’t see any reason to stop now! Her whole life has been full of adventure that everyone can be jealous of, so hitting a mountain such as this didn’t come as much of a surprise to her, her friends, or family. She has spent it traveling the world and trying many sports. Even she didn’t think she would necessarily be skiing at 100 years old though. Good for her, hopefully everyone can have that kind of tenacity to hit the resort style mountains no matter the age.

A New Real Estate Investment Option

The Pelorus Group is a real estate development firm. One of their passions in real estate development is boutique hotel property, which offers more comfort then the average chain hotel resort. Custom designs and quality service allow vacationers to feel cozier, while away from home. The boutique hotel industry is becoming more popular these days and The PelorusGroup would love to share some tips on investing in the boutique hotel industry.

Boutique Hotels 

1)   These hotels are upscale and investing will cost you a little more money in the beginning, but will offer a great return over time. Generally the people seeking the hospitality of boutique hotels are more affluent and are seeking a less crowded hotel environment.

2)   When choosing a location it may be best to head into a more scenic area away from the city. Investment costs will be lower in the countryside of any major city or the suburbs, but remaining close to entertainment is also important to travelers. If you are interested in investing in a big city location, consider a run down hotel for remodel or an upcoming area within the major city of choice with rising real estate property values.

3)   When renovating a boutique hotel, one should choose a unique theme and make each room feel as if a person was staying in their own bedroom at home. Decorating the theme of the hotel in relation to the location you choose, allows people to take in the entire experience of the area that surrounds the boutique hotel.

4)   The boutique hotel you create must set a high standard of service in order to receive a high amount of return on your investment. Quality service, room service and attentive staff who treat the customers as if they were royalty while on vacation, will make vacationers recommend the hotel to friends and also entice them to make future reservations.

5)   The accommodations should be as equally luxurious as the service provided at a boutique hotel. Purchasing comfortable beds, fresh linens, relaxing bathtubs for every room, fine furnishings and offering high quality toiletries should be of the up-most importance when creating the environment of your boutique hotel.

The overall experience of a boutique hotel is something that requires great planning and superb execution. The Pelorus Group is aware of the great opportunity for investing in these up and coming vacation options for travelers. Creating a unique environment and offering five star customer services to every guest makes this investment option a great opportunity to create a prosperous income in the future. 

Here are 7 Key Mistakes Beginner Real Estate Investors Make.

The Pelorus Group is made up of a group of real estate investors who are experienced in marketing, investing all things related to real estate. The Pelorus Group also loves to mentor future real estate investors of America. When a person starts out in any business, looking to someone with years of experience for advice is important. Every industry is constantly changing, so remaining educated in all areas of real estate investing is important. For one to become successful in real estate investing you must know the positive and negative aspects of the industry. Today we are providing some information about mistakes many seasoned investors observe first time investors make and as mentors we share this advice in hopes to help you succeed. 

Here are 7 Key Mistakes Beginner Real Estate Investors Make.

1. Speculate – Most new investors follow the herd, listen to the media and buy with the hope the property will appreciate. This is as much of a gamble as hand picking stocks or going to the Casino. Buy below market properties that cash flow.

2. Buy at Market Value – Beginners almost always buy property straight off the MLS for market value. You can find deals in any market and there are always distressed properties. Cherry pick from distressed properties at 70% or less of market value.

3. Fall in love with a deal and get your emotions involved – Many beginners are guilty of this one. Their first few deals they spend minimal time finding a deal. As soon as a prospect is located, they fall in love and do anything to get that property. Emotions drive the decision, instead of making an informed business decision. Key is to get as many prospects that fit the criteria into the pipeline, filter out the duds and cherry pick only the best deals.

4. Put too much down or too much of your own money – Real estate is an OPM or Other People’s Money industry. You should minimize how much of your own money is in a deal. And always make sure you have plenty of reserves to handle any not so pleasant surprises.

5. Only have one exit strategy – To minimize risk, it is imperative to have multiple exit strategies. If you cannot flip a property you can quickly end up upside down, behind in payments and lose the property and your credit. Instead, buy below market properties that cash flow. That way you can sell retail, wholesale, lease option, seller finance, refinance, even rent and hold.

6. Buy in Warzones – It is wish to buy property at a deep discount. In today’s market you can find huge discounts in many areas with the glut of foreclosures. Do your due diligence. Buying a property for 20K worth 80K sounds like a slam dunk, but not if the property is vandalized multiple times during repairs, surrounded by 20 other foreclosed properties and there is next to zero interest from renters or buyers due to the location in or near a warzone. Make sure there is strong demand from renters and/or ownership in the area.

7. Do not consult an expert or build a team – Many people are do-it-yourselfers and cannot fathom the idea of another person giving them advice or handling tasks. Real estate can be very passive if you build a solid team and many experts are more than willing to give you advice that could significantly impact your success and experience as a beginner.

To read the full article click here: 7 Beginner Real Estate Mistakes

Simple Ways To Invest In Real Estate

The Pelorus Group is a group of individuals who invest in real estate, vacation rentals and resorts. There is a lot more to real estate investing then people may think. Most people think of buying an old home and "flipping" it to sell or rent is the only way to invest. Or maybe you only think buying corporate buildings and leasing offices to businesses is the other option. The Pelorus Group wants to share a few other types of real estate investing that are a little outside the box. Here are a few examples of how people invest in real estate.

Real Estate Investment GroupsReal estate investment groups are sort of like small mutual funds for rental properties. If you want to own a rental property, but don't want the hassle of being a landlord, a real estate investment group may be the solution for you. A company will buy or build a set of apartment blocks or condos and then allow investors to buy them through the company, thus joining the group. A single investor can own one or multiple units of self-contained living space, but the company operating the investment group collectively manages all the units, taking care of maintenance, advertising vacant units and interviewing tenants. In exchange for this management, the company takes a percentage of the monthly rent. 

There are several versions of investment groups, but in the standard version, the lease is in the investor's name and all of the units pool a portion of the rent to guard against occasional vacancies, meaning that you will receive enough to pay the mortgage even if your unit is empty. The quality of an investment group depends entirely on the company offering it. In theory, it is a safe way to get into real estate investment, but groups are vulnerable to the same fees that haunt the mutual fund industry. Once again, research is the key. 

Real Estate TradingThis is the wild side of real estate investment. Like the day traders who are leagues away from a buy-and-hold investor, the real estate traders are an entirely different breed from the buy-and-rent landlords. Real estate traders buy properties with the intention of holding them for a short period of time, often no more than three to four months, whereupon they hope to sell them for a profit. This technique is also called flipping properties and is based on buying properties that are either significantly undervalued or are in a very hot market. 

Pure property flippers will not put any money into a house for improvements; the investment has to have the intrinsic value to turn a profit without alteration or they won't consider it. Flipping in this manner is a short-term cash investment. If a property flipper gets caught in a situation where he or she can't unload a property, it can be devastating, because these investors generally don't keep enough ready cash to pay the mortgage on a property for the long term. This can lead to continued losses for a real estate trader who is unable to offload the property in a bad market. 

A second class of property flipper also exists. These investors make their money by buying reasonably priced properties and adding value by renovating them. This can be a longer-term investment depending on the extent of the improvements. The limiting feature of this investment is that it is time intensive and often only allows investors to take on one property at a time. 

To read the full article click here: Simple Ways to Invest in Real Estate

Flipping Houses 101

The Pelorus Group is a group of real estate investors who take distressed properties and turn them into beautiful masterpieces. Are you interested in starting to invest in real estate? It is probably best to start off at first with a small home or rental. Flipping homes is a good way to start your journey into real estate investment and today The Pelorus Group is offering some information and tips on flipping homes for the future real estate investors of America.

To read the full article click here: 9 Steps to Flipping Houses