Archive for November, 2010

Real Estate Investor looking for Apprentice

Saturday, November 27th, 2010

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You see these signs everywhere – “Real Estate Investor Looking for Apprentice.” If you want a mentor to learn the real estate business, here are some questions you should ask:

  • Where did you learn to invest in real estate?
    • If they did not learn from a credible source, what can they teach you?
    • There are many “real estate gurus” that make money selling books and tapes. Though they may have bought houses in the past, the real estate market is going through monumental changes. Anyone not involved in the market daily is out of touch.
  • How many houses have you purchased? How many this year?
    • Many of the real estate seminars teach putting these signs up. The fact is, they may not have bought many more houses than you have.
  • Will I actually be buying houses, or just finding houses for you?
    • Most of these signs are looking for people to do legwork for them. If you actually find a house, you will make only pennies while they make the real money.
    • The reality is, people putting these signs up probably do not have a reliable source of leads for people trying to sell their house. So, they need people like you to “bird dog” for them. They don’t have the time to do the real work.

If you are looking for a real mentor, and a real system for buying and selling houses, you should talk to a Development Agent (DA) for HomeVestors®, the We Buy Ugly Houses® company. These DAs are experienced in actually buying and selling houses in your market. Learn more about how the DA is a true mentor at www.homevestorsfranchise.com

8 Things we have learned from Buying Houses

Saturday, November 20th, 2010

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“As co-president of Dallas-based HomeVestors of America, Inc., David Hicks is often asked for advice based on the company’s 15-year track record helping investors buy and sell “ugly houses.” Following is his advice to prospective investors in existing single-family homes.”
Article in Real Trends

New HomeVestors franchise in Florida

Saturday, November 20th, 2010

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Welcome Emerald Property Group as HomeVestors® newest franchise in Florida.

Tomie O’Neil, the owner of Emerald, will be buying Ugly Houses in Brevard County, and working with DA Greg Weinstein.

Welcome Tomie to the We Buy Ugly Houses® team!

Another Graduating Class from Ug University

Tuesday, November 16th, 2010

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Congratulations to another graduating class of Ugly House Buyers from Ug University!

Back row (left to right): Pat Rooney – Dallas, Wil Hutto – Charleston, SC, Johnnie Hutto – Charleston, SC, Michelle Moylan – Baltimore, MD, Chris Romjue – Baltimore, MD

Front row (left to right): Charlie Calise – Dallas, David Perry – Norfolk, VA, Lana Pomaro – Dallas, Binh Lam – Dallas, Stinson Bland – Dallas

 Not Pictured: Bob Carbone – Boston, MA

To be a part of HomeVestors®, the We Buy Ugly Houses® company, each franchisee must go through an approval process, and extensive training. To find out more about becoming a franchisee, go to www.homevestorsfranchise.com

New Franchisee for HomeVestors in Baltimore

Saturday, November 13th, 2010

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Congratulations to Chris Romjue and Michelle Moylan, HomeVestors® newest franchisee!

Chris and Michelle will be buying Ugly houses in Baltimore, Maryland. This is a new Market for the We Buy Ugly Houses® company!

Also, congratulations to Sheila Konecke, who will be coaching Chris and Michelle as their Development Agent! 

Learn more about the HomeVestors franchise at www.homevestorsfranchise.com

New Boston Franchise for HomeVestors

Wednesday, November 10th, 2010

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Congratulations to Robert Carbone for joining the HomeVestors Team!

Bob will be buying Ugly houses in the Boston area, and will be working with Development Agents Aaron Katz and Jeremy Gavin.

Congratulations Bob, and welcome to the team!

If you would like to sell a house in Boston, go to www.webuyuglyhousesboston.com

If you would like to invest in properties, or learn about the HomeVestors franchise, go to www.homevestorsfranchise.com

New HomeVestors franchisees in Dallas

Sunday, November 7th, 2010

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Welcome to two new franchisees in the Dallas area to the HomeVestors team! Patrick Rooney and Binh  and Sapier Lam will be working with Development Agent Mike Hambright, and buying Ugly houses in the Dallas Market.

To learn more about HomeVestors, and find out how to sell your house in Dallas, go to www.webuyuglyhousesdallas.com

Part 3: Top 10 Things We’ve Learned from Buying Houses for 15 Years

Saturday, November 6th, 2010

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This is Part 3 of a 3 part Blog on Top 10 Things We’ve Learned from Buying Houses for 15 Years:

7.      Communities love it (and love you!) when you rehab an ugly house.  Everyone wins when the ugly-duckling house on the block becomes a swan … it adds value as well as beauty to the whole neighborhood.

8.      There is always a learning curve for new real estate investors.  Barriers to entering the buying market are low, but the best investor success comes with a training program, continuing education and daily support from an experienced coach, a real estate mentor, so you don’t make the common mistakes beginning investors often make.

 9.      People join HomeVestors® as franchisees for a variety of reasons.  Some have goals to develop an investor portfolio of 10 or 20 houses.  Others want to test the HomeVestors system part-time before growing their businesses into full-time careers.  Some want to develop a full-service real estate investment business.  But everyone wants to build wealth.  Buying and selling houses can be a path to wealth building.

10.     Success begets success.  Since HomeVestors’ began franchising in 1996, the company has bought more than 45,000 houses, making it the #1 buyer of houses in the U.S. with the most recognized real estate investing brand in the country, “We Buy Ugly Houses®.”

10 Ways Real Estate Investors Can Take Advantage of Today’s Market and Build Wealth

Friday, November 5th, 2010

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Here is a great article on 10 Ways Real Estate Investors can take advantage of Today’s market.

Article in RIS Media, The Leader in Real Estate Information Systems

Part 2: Top 10 Things We’ve Learned from Buying Houses for 15 Years

Friday, November 5th, 2010

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This is part 2 of a 3 part Blog on Top 10 Things We’ve Learned from Buying Houses for 15 Years:

3.      There’s always a market for selling ugly houses that have been rehabbed and are now lovely homes.  There are always first-time homebuyers looking to buy entry-level homes, especially in 100% move-in condition.  And, for real estate investors, whether the homes are held as investment properties and rented, or resold, rehabbed homes can generate cash flow and, potentially, a steady income to help build wealth over time.

 4.      The best buys are not always obvious.  Anyone can send a direct-mail piece to a foreclosure list.   But houses that have been in one family for 30 or 40 years, or have recently been inherited and need repairs or updating, aren’t going to show up on a foreclosure list.  Brand advertising and a national reputation are the best ways to generate quality leads for buying these types of investment properties.  In other words, sellers often seek out franchisees from the company with the hard-earned national reputation in response to its marketing. 

 5.      In a market full of fly-by-nighters, having a track record as an ethical buyer and seller makes all the difference in turning leads into customers.  Everyone from the elderly couple to the family being transferred to another area wants to deal with a professional homebuyer they can trust, who will perform as promised and treat them with respect.  By maintaining standards of ethical practice, we help ensure that our customers are satisfied and that we receive continual referrals.

5.      Next to branding, word-of-mouth marketing is the best messenger for generating leads.  When you treat people with respect, and always do what you say you will do, people want to tell others about you!