Archive for August, 2012

HomeVestors says Real Estate Consultants are a Good Idea

Friday, August 10th, 2012

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HomeVestors has bought over 50,000 investment properties in the last 15 years. They have worked with real estate investors and homeowners in many real estate markets. When it comes to real estate investment, they have a great understanding of the needs of investors.  For beginning real estate investors, the knowledge and experience of a real estate consultant can be quite beneficial.

Real estate consultants are professionals with lots of knowledge and experience in the various areas of the industry. Usually, they have lots of experience selling, buying, and  investing in properties. Their experience  comes in handy for other investors that are looking to put together great investment deals. The real estate consultant can actually coordinate every step of the transaction for the investor, making the experience easy and painless.

The hardest part for most investors is finding a real estate consultant. Not every consultant will be a good fit. An investor should look for a real estate consultant with experience and knowledge of the area he is trying to invest in. The consultant should come highly recommended by his references. When you speak to him, he should understand what your values and goals are. Those will help to guide him as he puts together the right investment transaction for you. Most importantly, the real estate consultant should have successfully completed real estate transactions similar to the ones the investor desires. That proven track record means the consultant has a better chance of successfully completing another one.

Once an investor chooses a consultant to work with, he should not solely rely upon the sayings and workings of the consultant. Meaning, if at any time he feels uncomfortable, the real estate investor should feel free to cancel the contract with the consultant and look for a new consultant. In addition, he should also be looking for properties on his own to invest in. This practice will help him figure out which ones would be good investments and which ones would not. This will help to counter the investor’s lack of experience.

Not every real estate investor has the time to research and prepare before making his first real estate investment. In this case, real estate consultants can provide a thorough, customized service that allows investors to buy, sell, or simply invest in real estate properties.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh 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.

HomeVestors Knows That Buying and Renting a Home is Still a Great Investment

Thursday, August 9th, 2012

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HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.   The company knows that buying and renting a home is one of the best investments an individual can make.  Not only do real estate investors have the security of owning a rental, they enjoy other benefits like owning an investment that has more than just implied value.

The financial security and pride of owning a rental is something real estate investors should aim for.  Owning a home and a business is still the American Dream.  A real estate investor can have both when owning rental property.

The value of a house relative to dollars is greater now than ever before.  After all, dollars are just paper, but a house is a tangible, habitable investment.  Finance rates are also at their lowest in recorded history.  This creates a favorable environment for any real estate investor brave enough to tackle it.

Since house prices are relatively unattainable for many, there are more houses for sale than consumer demand, which is a real estate investors dream.  By owning a rental properly, one can cater to all the people who don’t have the financial means to own a home.  Thankfully, the number of people in this category is growing by the day.

Buying a rental property now is a great way to fight the inflation of the dollar by taking dollars that are currently on shaky ground and investing in something more stable.  Even the experts aren’t certain where the economy and more importantly, the dollar, is going.   Rental properties are in high demand and are a great place to invest money while riding out the current economical storm.

What’s more, rental properties are selling for under market value due to seller desperation.  It is important to buy them up now and get them occupied.  Don’t sit on your money, don’t buy precious metals, don’t play the stock market. Buy rental properties instead and secure a stable, long term investment.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh 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.

HomeVestors Knows How to Leverage Money to Pay for A Rental Property

Wednesday, August 8th, 2012

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HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.    Homevestors knows that real estate is a solid investment, even during economic downturns.  People still need a roof over their heads and many are opting to rent over buying.  Becoming a landlord caters to these individuals and doesn’t require as much money as one may believe, if that money is leveraged properly.

Owning a rental with limited funds is possible when a landlord understands how to leverage money correctly.  Using the banks’ money and the tenants’ money is the least expensive to pay for a rental, thereby creating a steady, residual cash flow.

The beauty of owning a rental is that the individuals renting are the ones who are paying the mortgage.  As a landlord, this investment is a solid win because it doesn’t require much money to own and manage a rental.  For this example, let’s assume that a rental costs $200,000.  The landlord will need to place about $20,000 down as payment to the bank.  Now that a landlord has a looming mortgage payment, it is time to find people who are more then happy to pay it.

After a few tenants have moved in and are paying their rent on time, most of their rent is going to pay for the mortgage.   Any thing left over can be used to recoup the down payment to the bank.   This leveraging technique is paying for the mortgage, as long as the tenants are paying their rent on time and there are no major repairs or expenses.  The landlord is not required to spend his or her money to pay for the investment.

If the value of the property goes up, all is well and a landlord could very well sell the property at this point and make a decent profit.  If the property value goes down at least the property taxes go down as well, due to depreciation.  The landlord can write these losses off on his or her taxes and continue to pay the mortgage.

Fortunately, historically over time, the value of a property will continue to rise.  With a continued increase population comes a continued increase in housing.  Investing in rental property is a great way to battle the current economic wave.

Now years down the road, the mortgage is paid for and the landlord reaps all the benefits of owning a rental.  The tenants have done their duty and paid for the rental.  The rent is now pure profit minus repairs and other maintenance.  It may be time to purchase another property and go through the whole process again.

Leveraging money is the most economical way to become a successful landlord.  Utilize the rent paid by the tenants to pay the mortgage until the property is paid off in full.  Then reap the full benefits of owning a rental property.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh 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.

HomeVestors Knows How to Leverage Money to Pay for A Rental Property

Monday, August 6th, 2012

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HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.    Homevestors knows that real estate is a solid investment, even during economic downturns.  People still need a roof over their heads and many are opting to rent over buying.  Becoming a landlord caters to these individuals and doesn’t require as much money as one may believe, if that money is leveraged properly.

Owning a rental with limited funds is possible when a landlord understands how to leverage money correctly.  Using the banks’ money and the tenants’ money is the least expensive to pay for a rental, thereby creating a steady, residual cash flow.

The beauty of owning a rental is that the individuals renting are the ones who are paying the mortgage.  As a landlord, this investment is a solid win because it doesn’t require much money to own and manage a rental.  For this example, let’s assume that a rental costs $200,000.  The landlord will need to place about $20,000 down as payment to the bank.  Now that a landlord has a looming mortgage payment, it is time to find people who are more then happy to pay it.

After a few tenants have moved in and are paying their rent on time, most of their rent is going to pay for the mortgage.   Any thing left over can be used to recoup the down payment to the bank.   This leveraging technique is paying for the mortgage, as long as the tenants are paying their rent on time and there are no major repairs or expenses.  The landlord is not required to spend his or her money to pay for the investment.

If the value of the property goes up, all is well and a landlord could very well sell the property at this point and make a decent profit.  If the property value goes down at least the property taxes go down as well, due to depreciation.  The landlord can write these losses off on his or her taxes and continue to pay the mortgage.

Fortunately, historically over time, the value of a property will continue to rise.  With a continued increase population comes a continued increase in housing.  Investing in rental property is a great way to battle the current economic wave.

Now years down the road, the mortgage is paid for and the landlord reaps all the benefits of owning a rental.  The tenants have done their duty and paid for the rental.  The rent is now pure profit minus repairs and other maintenance.  It may be time to purchase another property and go through the whole process again.

Leveraging money is the most economical way to become a successful landlord.  Utilize the rent paid by the tenants to pay the mortgage until the property is paid off in full.  Then reap the full benefits of owning a rental property.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh 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.

Buyers Not Exercising Their Options?

Friday, August 3rd, 2012

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One of the best real estate investment opportunities is the rent-to-own or lease option. Both of these set up potential buyers for investment properties while bringing in monthly cash flow. Investors around the country are experiencing the same problem. Buyers are not taking the option to buy at the end of their contract.

For the real estate investor, this sets up a questionable situation that could be handled a number of ways. If the tenants move out, a good property in a decent neighborhood could probably be rented out fairly quickly (Translation a few months). That could allow the investor to perform any needed maintenance or updates that should have been taken care of while the previous tenant was in residence.

The flip side of the equation is the investor could get stuck with a property on their hands and no incoming cash flow for long periods of time. This is especially true if there are more affordable rent house or house for sale in the area. What are the reasonable options for real estate investors?

If you truly enjoy the tenants and they are a good credit risk, you could always extend their contract. This would keep someone in residence and avoid a vacant property. In addition, it could allow the tenant enough time to work on his financing options some more. Another 6 months to a year, and he may be able to completely buy you out.

A second option is to change the contractual situation and investment type to a seller financed option. This would allow the tenant to make payments to you. The investor sets the interest rate, monthly payment, and the length of the loan. The tenant may decide to get another loan further down the road to pay you off, but in the meantime, you have constant monthly cash flow for the next X number of years.

If neither of these is acceptable, there is a third option. The real estate investor could recalculate the numbers on the property. If the tenant has been a good tenant that paid on time and took care of the property, he could reduce the price of the property. This might make it comparable to the current property values in the neighborhood and allow the tenant to be able to finance it.

Whatever you choose to do, remember an empty home has no cash flow! For more information on real estate investing, call or visit us at Homevestorsfranchise.com. We are the nation’s number one home buying franchise with over 15 years of experience buying and selling homes. We have a large variety of real estate investment and real estate franchise opportunities available. For more information on growing your real estate business, call or visit us today!