Archive for April, 2011

It is Time to Invest in Real Estate?

Saturday, April 9th, 2011

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This may be one of the most often questions asked when we talk with potential Real Estate Investors. In fact, I did a search and found many authors giving a definitive yes, it is time to invest in real estate. In fact, from the dates of these articles, that is an annual prognostication of many would be investors.

The fact is that historically, real estate has always been a good investment if done correctly, and a risky investment if not. When a real estate investor approaches the real estate investment in a logical manner – is the price right in this market? What am I going to do with the property? Sell it? Hold it as a long term rental? Rehab and sell to a retail buyer? – then any market is a good time to invest in real estate.

When real estate investors treat the investment as a speculative deal, then it is risky.

That is one of the reasons it is critical for a new investor to have an experienced real estate mentor that has learned to answer all these questions, and has learned you can make money in any market if done correctly. Then, and only then, is it time to invest in real estate. Learn about how you can have a real estate mentor.

Why I Joined HomeVestors

Friday, April 8th, 2011

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By: Rob Caldwell

For as long as I can remember, real estate has been a part of my life.  My Father was a builder and a developer who built everything from commercial, residential, agricultural and farm implement structures.  When I purchased my first home in 1993, instead of using my VA benefits for 100% financing, I used creative financing and obtained the property on a land contract.  And for many years I owned and operated a Home Inspection business.

So with all of this relative real estate experience, why did I need a HomeVestors franchise to get into the real estate investing business?  For two reasons:

Number one, I wanted a system that was already in place that I could plug into and hit the ground running.  This system included a large network of like minded franchise owners that I could collaborate and share ideas with.  I knew the other local investors weren’t going to help me and I really wasn’t interested in trying to compete with them, which brings me to reason number two.

The power of the “We Buy Ugly Houses” brand.  I did not want to depend on a real estate broker to find me deals on MLS (where everyone sees the same thing).  I did not want to spend my time at the courthouse bidding (with everyone else) on foreclosures.  I wanted a direct relationship between me and the seller of a distressed home or ugly situation.  That’s exactly what I got, and that’s exactly why I will never do this business on my own.
___________________________________________

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.

Real Estate Investor Quote of the Day

Friday, April 8th, 2011

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Real Estate Investor Quote of the Day: “Ninety percent of all millionaires become so through owning real estate.” Andrew Carnegie

This is just as true today as it was in the 19th century. OK, maybe a million dollars isn’t what it used to be and the percentage might have changed, but now is a great time to invest in real estate in Dallas or other metropolitan areas!

A Sub-Prime Comeback? Now is a Great Time to Invest in Real Estate

Wednesday, April 6th, 2011

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Risky subprime bonds making a comeback
By Dow Jones Newswires-Wall Street Journal

Subprime and other residential mortgage bonds that helped trigger the financial crisis are back in vogue with long-term investors, in the latest sign that American credit markets are healing after the worst downturn in a generation.
The prices on a representative slice of the subprime bond market have doubled from 30 cents on the dollar at the low point of the crisis to roughly 60 cents now.

Their comeback underscores how investors have regained the courage to take on more risk as the economy recovers, pushing up the prices of a broad swath of riskier assets, from commodities to junk bonds to stocks.

Is this a problem or Deja Vu? The answer is NO. This time the riskier bonds are appropriately priced at 60% and seasoned, not priced at 100% like the old days of 2006. Investors and creditors are coming back because we now have transparency and better investment information. The emperor’s new clothes have been exposed and are now appropriately priced.

Now is a great time to invest in residential real estate in Dallas or other metropolitan areas as long as you use the current market values to estimate the potential value of your property (comps that are recent, relevant, and conservative). If real estate investors will, in Wall Street terms, use “Mark to Market” rather than “Mark to Model” and good things will happen.

 

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John Cantleberry is an owner and officer of C&C Residential Properties, Inc., an office and Development Agent with HomeVestors of America and is based in Dallas, Texas.  John’s role is to recruit, train and support HomeVestors franchise offices in the Dallas, TX area and review new property acquisitions.  John is a  graduate of the Wharton School of Business.  Since 2006, John has bought more than 420 houses through the “We Buy Ugly Houses” franchise system.  If you are interested in investing in residential real estate or becoming a HomeVestors franchise in the Dallas area, contact John today!  John.Cantleberry@homevestors.com or 214-340-9300.

 

HomeVestors of America Launches “Ugliest House of the Year” Contest in Nine Regional Markets

Tuesday, April 5th, 2011

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Call for Entries Open to Real Estate Investors Who Buy Ugly

 

Dallas, TX (April 5, 2011) — HomeVestors® of America, Inc., known as the “We Buy Ugly Houses®” company, announced that it is now accepting entries for the 2011 “Ugliest House of the Year” contest in nine regional markets across the United States.  All real estate investors in the selected markets are invited to nominate the ugliest houses they bought at any point between March 1, 2010 and May 15, 2011.

 

The deadline for submissions is May 15, 2011.  Voting will take place from June 1 to July 15.  Visitwww.TheUgliestHouse.com for more information.

 

HomeVestors franchises are running contests in the following markets:

  • Chicago, Illinois – “Ugliest House in Chicago”
  • Dallas/Ft. Worth, Texas – “Ugliest House in Dallas/Ft. Worth”
  • Denver, Colorado – “Ugliest House in Denver”
  • Houston, Texas – “Ugliest House in Houston”
  • Newark, New Jersey – “Ugliest House in Northern New Jersey”
  • Norfolk, Virginia – “Ugliest House in Hampton Roads”
  • Phoenix, Arizona – “Ugliest House in Phoenix”
  • Richmond, Virginia – “Ugliest House in Richmond”
  • St. Louis, Missouri – “Ugliest House in St. Louis”

 

HomeVestors is known for buying ugly houses, and houses from people in ugly situations, and rehabbing them.  Many of the rehabbed homes are sold on the retail market; others are maintained as rental properties.

 

“There’s no shame in being ugly, especially when today’s ugly house can be tomorrow’s beautiful home,” said David Hicks, co-president of HomeVestors of America.  “Beautiful homes easily attract attention.  This contest celebrates the ugly ones — the ones that may be homely now but will be lovely after they’ve had a HomeVestors makeover.”

 

Rules of the “Ugliest House of the Year” contest:

  • Any investor can enter ugly houses he/she owns/owned in the area.
  • An ugly house cannot be entered if the original occupant still lives there; the original occupant must have vacated.
  • The ugly house already may have been rehabbed; that’s okay, as long it was ugly at some point between March 1, 2010 and May 15, 2011.
  • Houses must have been investor-owned at the time they were ugly.
  • There is no limit to the number of ugly houses that can be entered by each investor.

 

To submit a house in the contest, email ugliesthouse@homevestors.com by May 15, 2011:

  • A detailed description of the ugly house.
  • Photos of the nominated houses showing what makes each house ugly.
  • One-minute videos also may be submitted by first uploading each video to YouTube and then    providing a   link as part of the submission.
  • The name, email address and phone number of the investor submitting the contest entry.

 

Dallas-based HomeVestors of America, Inc., the #1 buyer of houses in the U.S., was incorporated and began franchising in 1996.  The first franchise company of its kind, HomeVestors trains and supports franchisees that specialize in buying homes (discount properties) and rehabbing them.  Most commonly known as the “We Buy Ugly Houses” company, HomeVestors strives to make a positive impact in each community.  In 2010, for the fifth consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.  To learn more about the HomeVestors franchise, visit www.HomeVestorsFranchise.com.

 

 

National contact for more information:
Cary Brazeman
310-205-3590

 

The HomeVestors Franchise System Works… in ALL Markets!

Tuesday, April 5th, 2011

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By: Rob Caldwell

One question I frequently get from real estate investors looking at the HomeVestors® system is, “Will it work in my market?” This is the same system that was established in 1996 and has bought more than 45,000 homes to date.

Having been with HomeVestors of America since 2004, I’ve had the unique opportunity to work with franchisees in several different cities and states. Each location certainly has its own nuances and challenges, but I have learned that the HomeVestors franchise system works the same in all of these markets. While some areas may have different types of construction and homes with different features for their climate, the HomeVestors method for buying homes remains the same.

But, not only do our franchisees understand the value of the HomeVestors brand and system, our customers do too! Countless times I have been told by the seller of a home that they chose to call HomeVestors first because of our trusted reputation.  They tell me that they really appreciate the process that we follow when working with them to help solve their real estate problems.
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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.

Wouldn’t It Be Nice to Have a Real Estate Mentor?

Friday, April 1st, 2011

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By: Rob Caldwell

What if someone with a proven track record in the real estate investing business could mentor you for as long as are in the business? How awesome would it be if that real estate mentor lived in your area and could spend one on one time with just you? That’s exactly what HomeVestors Development Agents (DA’s) do for their franchisees!

HomeVestors of America®, better known as the “We Buy Ugly Houses®” company, not only pioneered a system that has bought more than 45,000 houses since 1996, their local Development Agents train, support and mentor franchisees.

And the cost to become a HomeVestors franchisee is probably much less than you think! Many people spend tens of thousands of dollars for books, CD’s, and seminars. But after the course is all over, will you have a mentor (Development Agent) that will be there to support and guide you?

Call HomeVestors today and find out how you can join America’s #1 Homebuyer and have your own Development Agent help you build a successful business!

___________________________________________

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.

How does Government Involvement Affect Home Owners & Real Estate Investors

Friday, April 1st, 2011

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Another example of government not understanding the real estate investment business.

An article in DSNews.com talks about how some states are banning the use of foreclosure sales in appraisals. At first glance, a lot of real estate investors may think this is a good thing. All of us have had retail sales that have fallen through because of the appraisal coming in low.

But, the reality is that anything the government does to impact the market always backfires. Remember the tax incentives? How can a real estate investor be confident of any purchase, if the market is artificially changed in any way. The challenge now is that appraisers are already gunshy. Can you imagine the impact of a state law saying “don’t include these transactions”, but a federal law and industry standards saying, you have to include all transactions.

The faster the market settles back to normal, the better off all those looking to buy or sell real estate will be.