Archive for April, 2011

A Business of My Own, But I’m Not All Alone

Friday, April 29th, 2011

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Still dreaming about the “American Dream”?   The quintessential American Dream for many is operating their own business or owning their own property.   HomeVestors has a formula that marries these two dreams into a reality.

 

While the idea of real estate investing may seem tempting and exciting, it can also be frightening.  But with the right training and a proven system, it can be a very rewarding business.  HomeVestors takes the guessing game out of real estate investing by providing real estate franchise owners with education, information, and support.

 

Tom Bohlen, owner of Gallop Solutions, an independently owned and operated HomeVestors® franchise located in St. Paul, MN happened upon HomeVestors at a franchising seminar in 2002.  After working in the corporate sector for most of his career, he was laid-off after the company he worked for was grossly mismanaged.  At that time, Tom vowed that he would never work for anyone again, and he was determined to start his own business.  Tom had some experience buying property, and he had a passion for real estate, but after discovering HomeVestors, he had a clear outlet for his passion by becoming a real estate franchise owner.  Almost ten years later, Tom has purchased hundreds of houses and is one of HomeVestors consistent performers. He has turned that passion for real estate investing into a successful career.

 

Receiving guidance, education, and leads from a proven lead generating system from HomeVestors dissipates much of the fear of owning a business.  Becoming a real estate franchise owner allows the freedom enjoyed by owning a business while relying on the support of an established, nationally respected company.  Experience the best of both worlds, and a dream come true.

 

Article Points to An Exciting Future for Real Estate Investors

Friday, April 29th, 2011

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An article in CNN Money titled Affordable rental homes hard to find has some interesting information for people thinking about investing in real estate.

The article explains that:

  • The “supply of affordable rental housing has been shrinking.”
  • “there is little new multi-family buildings being built in the wake of the housing crisis.”
  • There is “a flood of new renters who either lost their homes in the foreclosure crisis or can’t afford to buy now.”
  • “An additional four million people were renting in 2010, compared to 2005”

All this points to an exciting future for real estate investors!

When is the Real Estate Market going to Return to Normal

Thursday, April 28th, 2011

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One question we consistently get from potential real estate investors or people looking at a real estate franchise – when is the market going to go back to normal?

The real answer – depends on your definition of normal. If you are talking about the wild speculation of 5 years ago, then we can all hope it never returns to that normal.

The real question – when will the market settle down so that it is more predictable? The answer to that question will give real estate investors the confidence to move forward.

Anyone thinking about investing in real estate in today’s market, more than ever before, needs a real estate mentor to help them avoid pitfalls, and recognize the real opportunities in this market.

One of the biggest advantages HomeVestors® franchisees have is the network itself. There is no where else that a new or experienced real estate investor can learn from the wisdom of the group.

The second big advantage is the Development Agent program. Learn more about this real estate mentor program from HomeVestors.

A Real Estate Investor Quote for Earth Day

Saturday, April 23rd, 2011

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Yes, it is altogether fitting and proper to honor Earth Day by investing in real estate in Dallas or anywhere else on Earth.
Here is an appropriate quote to ponder today….“The best investment on earth is earth.”
Louis Glickman

Eligibility Tool for the USDA Rural Development 100% Financing Loan

Saturday, April 23rd, 2011

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You may be surprised to learn that the U.S. Department of Agriculture offers loans for home owners.  As a part of the USDA Rural Development program, they strive to help families become successful homeowners by offering 100% financing for qualified buyers.

If you are a real estate investor that sells homes to first time home buyers in rural areas, you need to know about this eligibility tool from the USDA.  This is especially important for real estate investors when performing your due diligence on a home you are considering to buy.  If the home qualifies as USDA eligible, you then know that you can resell it to a buyer using 100% financing.

And, unlike FHA, USDA does not impose any seasoning requirements on real estate investors that sell in less than 90 days!
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Rob Caldwell is a Development Agent with HomeVestors® of America and is based in Lake Lure, North Carolina. Rob’s role is to recruit, train and support HomeVestors franchise offices in North and South Carolina. Since 2004 Rob has bought more than 100 houses through the “We Buy Ugly Houses®” franchise system. If you are interested in a HomeVestors franchise in the Carolinas, contact Rob today! Rob.Caldwell@homevestors.com or 828-625-5836.

Huge Demand for Real Estate Investor Homes

Friday, April 22nd, 2011

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At a recent meeting in our nations capital, Steve Murray, with Real Trends, outlined the coming demand for single family rental units, and how Real Estate Investors must be the ones to meet that demand.

Since the beginning of the current real estate crisis, home ownership has decreased from 69% of households, to 67% today. It is projected that number will decrease to 65% in the next two years. Already, 4 million households have shifted from home owners to renters.

In addition, there normally are an increase of 1.2 to 1.3 million new households a year in the US.

The conclusion: The demand for real estate investor homes is going to be huge in the next 4 to 6 years!

April Class of Ug University

Monday, April 18th, 2011

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The newest class of HomeVestors franchise owners and home buyers completed training from Ug University.

April Class of Home Buyers from Ug University

Left to right: Randy Ferguson – PMF Properties, Inc., Houston, Phyllis Ferguson – PMF Properties, Inc., Houston, Maria Gillette – Infinity Partners, L.L.C., Chicago, Lance Nichols – LRN Ventures, LLC, Brimingham, Robyn Nichols – LRN Ventures, LLC, Birmingham

 Not pictured: Megan Ferguson – PMF Properties, Inc., Houston, Peter Demasi – Boston

HomeVestors Team Continues to Grow

Wednesday, April 13th, 2011

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HomeVestors, the We Buy Ugly Houses company, continues to add franchisees across the country.

In the past few weeks, HomeVestors has added an additional 6 franchises. Real Estate Investors across the country continue to team up with America’s #1 Home Buyer. And, those looking to learn to invest in real estate continue to see how HomeVestors systems can shorten their learning curve. Welcome to the HomeVestors Team!

Richard, Michael and Christopher Bischoff, New Jersey, will  be working with DA Jim Wiley and Bill McKenna. They will buy houses in New Jersey.

Joey Vincent in Florida will be coached by DA Charles Abbott

Al Evangelist, III will buy houses in Philadelphia, will be working with DA Mark Gibbons

David & Maria Gillette will buy houses in Chicago and working with DA Alan Washer

Lance & Robyn Nichols, in Alabama. Lance took advantage of our military veteran franchise program, and will have DA Todd Murphy as his real estate mentor.

Peter F. De Masi will buy houses in Boston market, and his real estate mentor will be DA Aaron Katz

Milwaukee Continues to Be A Strong Market for HomeVestors

Wednesday, April 13th, 2011

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Milwaukee, Wisconsin has been a strong, consistent market for HomeVestors franchises. Franchisees Bill and Val Pulkinen are a good example of why we have such a strong team that buy houses in Milwaukee, and other markets across the country.

 Bill and Val, the owners of The Home Liquidator have been HomeVestors franchises for five years, and recently renewed their franchise agreement for another five years. Bill and Val are now experienced real estate investors, since they have purchased over 100 houses, and sold over $4 million. They also have developed a sizeable portfolio of rental properties. Congratulations to Bill and Val. We are excited to have you as part of the HVA Team!

Investors! Sell Homes Using the HUD 203K Loan.

Tuesday, April 12th, 2011

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By: Rob Caldwell

“The what?”  This is the reaction when asking real estate investors or potential home owners if they are familiar with HUD’s 203K loan.  If you are a real estate investor that sells the properties you buy, you need to know about the 203K loan to offer your homes for sale to a broader base of buyers.

Most of us assume that if we sell a house to an owner occupant, it has to be completely renovated and should be able to pass an FHA inspection.  The 203K loan is an alternative that can be used to sell a home that needs work to the owner occupant.  The 203K does has some limitations such as structural.  But if the home just needs some TLC such as paint, carpet, kitchen and bath updates, new roof, etc., the 203K loan will work.

For real estate investors, this can be a new source of buyers for their “as-is” homes for sale.  There are many homebuyers looking for homes that need work.  But they typically can’t get funding to buy the home; additional repair money to do the work; and then a permanent mortgage when the work is completed to pay off the construction and repair loans.  The 203K loan does all of this.

The only drawback I have found, because of the unfamiliarity of this loan, is finding a mortgage broker who understands the 203K process.  Because it is a FHA backed loan, many brokers will tell you they can write the loan, but if they do not understand the process they can really screw things up.  There are many horror stories about the 203K loan because the mortgage broker did not know what they were doing.  Just make sure you interview brokers until you find one that specializes in the 203K loan and has had success with it.

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Rob Caldwell is a Development Agent with HomeVestors® of America and is based in Lake Lure, North Carolina. Rob’s role is to recruit, train and support HomeVestors franchise offices in North and South Carolina. Since 2004 Rob has bought more than 100 houses through the “We Buy Ugly Houses®” franchise system. If you are interested in a HomeVestors franchise in the Carolinas, contact Rob today! Rob.Caldwell@homevestors.com or 828-625-5836.