Archive for March, 2013

2013 Is The Year Of The REIT

Friday, March 15th, 2013

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Real estate investors who stopped investing in real estate after the market crash should consider getting back in the market, as they can benefit from the currently low, but rising property values. Those who don’t want to be personally involved in the market can look to REITs, as they are presenting great returns on dividends in 2013. Many experts have claimed that 2013 is the year of the REIT, as these REIT companies have stayed with their investments throughout the market crash and are really beginning to earn a great deal on what they have built up.

Is 2013 the year of the REIT or is a real estate investor better off investing in something else? While REITs are likely to earn a profit over the year, investors who consider directly investing their money in a hard investment should consider residential houses and commercial real estate. The REITs they are likely to invest in, will, for the most part, be investing in the exact same type of properties. The industry seems to have agreed that single-family housing and commercial property is the way to go.

Investors who have gotten burned during the housing crash may be better off investing their capital in an REIT and letting a professional crew take care of the investments. On the other hand, investors who want to get back in the business and earn a profit by doing it themselves should do the research necessary to find the best potential investments.

The reason that 2013 is the year of the REIT is because investors can obtain all the benefits of a real estate investment without having to put in the time or the work involved in maintaining those investments. Ideally investors who have the capital should consider investing in both REITs and some hard real estate investments. This can allow them to remain diversified and determine which is a better use of their time.

Those investors who make a great deal through hard investments, like commercial property and single-family houses are likely going to stick with it, as the profit potential is just too great to ignore. Those investors who are bit more conservative with their investing style could consider REITs as a way to enter the real estate investing market. Is 2013 the year of the REIT? Well, many investors are putting their money on yes and those investors who follow suit are likely to earn profits over the year.

Asking questions with these tips in mind will help save real estate investors thousands. For more ideas related to real estate investing, call or visit us a Homevestorsfranchise.com. We are the nation’s number one home buying franchise with over 15 years of experience. Our company has a vast assortment of real estate investment and real estate franchise opportunities available to help you grow your real estate business. Come see us for more information.

Rental Property Is The Answer To The Question – What Is The Best Investment?

Friday, March 15th, 2013

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Rental properties are hot in 2013 and have always been a source of long-term income to investors who have a steadfast mindset to investing. If an investor is toying with the idea of which type of real estate property to invest in, they should begin focusing their research on rental property and examine the numbers they are coming up with. In most areas, rental property is a win situation that deserves the respect it gets.

In 2004 home ownership was 69% and dropped to 66.5% in 2012. Where did these people go? It can be assumed that these individuals began to rent property due to the economic conditions. These numbers should give potential rental property investors reason to be excited. As more people are searching for rentals, those who provide it are in high demand.

As the national unemployment rate remains over 9%, it can be assumed that the number of low priced rentals is in high demand. Rental property investors who wish to capitalize on this industry should be aware of what they are getting involved in. While this is a difficult market to cater to, investors can charge sky-high rents in the lower income-housing sector.

Those who wish to purchase housing generally have to pay 20% down to get lenders to finance their loans. At this point in time, most individuals are unable to finance this down payment and are therefore required to settle for rental property.

Over the last year 44,000 more rental units have been rented out nationally, as the trend to living in rental property continues to increase. Average rental rates are up to $991, up 2% since last year and investors who own rental property are able to capitalize on these rate increases. Over the last year 79 metropolitan areas have increased their rent, making it extremely likely that rental property is a safe bet in any area of the United States.

The best cities for rental property investors to purchase property in is, Las Vegas, NV, Orlando, FL, Colorado springs, CO, Memphis, TN, and Jacksonville, FL. Investors in these areas can earn a great deal due to the economic conditions in these locations.

Investors who have been considering entering the real estate market have to consider rental property before all other investments. The advantages that rental property provides to its investors in quite inclusive so research the field in order to capitalize on all that rental property has to offer.

Asking questions with these tips in mind will help save real estate investors thousands. For more ideas related to real estate investing, call or visit us a Homevestorsfranchise.com. We are the nation’s number one home buying franchise with over 15 years of experience. Our company has a vast assortment of real estate investment and real estate franchise opportunities available to help you grow your real estate business. Come see us for more information.

Smart Investors Close The Sale By Understanding Their Customers

Friday, March 15th, 2013

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Smart investors are able to close the sale because they understand who their customers are and what they want. Most negotiations are emotional in nature and many view them as a battle. These individuals feel like they have to stand their ground and get what they want in order to feel satisfied with the agreement. Investors with this attitude don’t make good investors and those who understand that they have to find out what the other party wants are able to close the sale effectively.

Negotiations require that both parties agree on certain terms and the only way to find out what these terms are is to ask. Smart investors ask their customers what they want and then listen to their responses. Many customers simply say that they want a certain amount of cash, but at heart many just want to know they are being respected. Find out how to show them the most amount of respect and close the sale.

Talk price from the beginning so both parties are on the same page. Don’t waste time in getting to the point and find out if an individual even wants to negotiate. There are plenty of individuals who want to work out a deal, so move on, if one person feels deeply connected to their property.

Why does this individual want to sell their property? Do the feel like it is time to leave the neighborhood or are they falling behind on their payments? Smart investors find out the reasons that sellers want to sell. When finding sellers who need to sell, smart investors can certainly find a path to close the sale, with little resistance. These are the individuals that investors need to find in order to be successful.

Smart investors create a price and follow it with value. They are able to quote a price and then explain why the price they choose accurately represents the properties value. When a seller feels like their property is worth more, an investor can explain that they can’t pay more because the value the certain amenities has a specific value, not more.

Smart investors ask open ended questions that allow a seller to elaborate on what they are looking for and can reveal deep seated truths about why they need to sell. This can allow an investor to create a price based on value and quickly close the sale.

Smart investors give sellers what the want when negotiating the sale and give them the feeling that they are getting an accurate price based on the true value of the property and can successfully close the sale.

Asking questions with these tips in mind will help save real estate investors thousands. For more ideas related to real estate investing, call or visit us a Homevestorsfranchise.com. We are the nation’s number one home buying franchise with over 15 years of experience. Our company has a vast assortment of real estate investment and real estate franchise opportunities available to help you grow your real estate business. Come see us for more information.

HomeVestors Knows How To Win The Real Estate Investing Marathon

Friday, March 15th, 2013

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Investors who wish to pursue the real estate field should consider commercial real estate, as this is likely to be profitable over the long-term.

Dallas, Texas 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 investors who want to win the real estate investing marathon need to focus on the long-term results. While the story is not as exciting as flipping properties and going from rags to riches, it certainly is a lot more likely.

Big money is made in real estate by investors who focus on the buy and hold model, as it applies to rental property. Investors who put the bulk of their time into finding deals in the commercial rental property sector can earn steady income over the course of their investment, while a lender finances the majority of the investment.

The real estate investing marathon requires that an investor have the type of personality where they understand that getting rich quick isn’t the answer to financial security. They need to focus on finding a rental that is projected to earn a steady profit and they should be able to mathematically calculate this expected cash flow.

In order to determine cash flow, an investor should understand where their money is going, the negative flow and the positive. If the negative cash flow is $1000 and the positive is $1500, earning $500 a month should allow one to win the real estate investing marathon.

Based on this assumption, the monthly rents should take in about $2,500 and if the price of the property is $300,000, the cash on cash rate formula determines that this property operates at a little over 0.8% cash rate and can be considered a worthwhile investment.

Next, focus on the general area of a commercial apartment complex in order to find an area that is not too expensive, yet will attract working class Americans who have the tendency to pay their rent on time. Finding the right tenants will ensure that the real estate investment marathon won’t tire an investor to the point of dropping out of the race.

Consider hiring a management company that will allow one to look for other investments that can give an investor the strength to weather the real estate investing marathon. Obtaining a number of these properties can greatly increase the amount of leverage an investor can maintain.

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 Investors Can Choose Hard Real Estate Or Soft Real Estate

Thursday, March 14th, 2013

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Real estate investments can be classified as hard or soft and investors can choose the type that fits their investment style.

Dallas, Texas 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 real estate investors have to decide which investment best suits their needs. Real estate investors with an aggressive approach to investing generally want to be in an active part of the industry and choose to invest in hard real estate strategies. Others want to take advantage of what real estate can offer them, yet remain detached from the actual hands on experience, otherwise known as soft real estate.

Investors who invest in hard real estate are the kind of investors who want control over how they are investing their capital. These investors choose residential real estate, commercial real estate, or any other deal where they perform the legwork. Investors who invest in hard real estate are generally educated and understand the risks associated with the business.

On the other hand, investors who invest in soft real estate understand that their capital is destined to earn a profit when in the hands of a professional investor. These investors look to REITs as a way to earn a consistent profit over time without having to do any work after the initial investment.

Investors who are focusing on soft real estate don’t earn as much money as most hard real estate investors but don’t have to deal with any of the problems that most investors have to deal with. As such, investing in soft real estate may be a better idea for retired individuals who want their money to make money, while enjoying the benefits associated with being retired.

Those investors who are willing to do the work almost always choose hard real estate investments due to the potential yields these investments offer. Which is better is based on individual factors that the numbers can’t measure. Those investors who have a great deal of capital invested in soft real estate, like REITs can sit on the beach somewhere and collect their payments, while hard real estate investors have to focus on their investments and monitor their day-to-day output.

Generally speaking, younger, motivated investors will almost always pursue hard real estate investments because this is where the glory is. Investors who have the capital to focus on both hard and soft real estate investments should do so, effectively diversifying their portfolio.

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 Personal Real Estate Assistants Can Benefit Investors

Thursday, March 14th, 2013

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Real estate investors who try to do it all just don’t have enough hours in the day and should consider hiring a personal assistant.

Dallas, Texas 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 personal real estate assistants can allow investors to shift their focus from the trivial parts of the business and focus on what is important. An investor at any level can benefit from having a personal real estate assistant. An assistant will allow an investor to leverage their time and portrait a professional appearance.

A personal real estate assistant is an unlicensed employee; as such, they are restricted to certain tasks. They can answer the phone and take messages, as this can greatly improve a real estate investor’s time expenditure. Real estate investors who don’t have to constantly answer phones or emails can concentrate on what they are doing. Not only that, but personal real estate assistants generate an aura of importance regarding an investor.

A personal real estate assistant who has been assigned to arranging appointments can allow an agent to leverage their time. The most important part of a real estate investor’s business is following up with clients and having an assistant take care of this can increase the closing rates. They can assemble documents, place signs on properties and type contract forms.

Having a personal real estate assistant who can write ads and submit them can potentially obtain new customers. Marketing is a substantial part of the real estate investment business and investors who have personal assistants taking care of this can increase business and save time. Personal real estate assistants can submit listings to the MLS, order repairs to properties, gather CMA information, prospect FSBO sellers and prepare flyers. Real estate investors usually have little time for anything else because they are stuck doing all of this. Imagine how this could increase one’s business.

Be aware that as an unlicensed professional, personal real estate assistants are not allowed to hold open houses, show property, explain information on property listings, negotiate a sale, or telemarket. This is probably best, because explaining the sale and negotiating the sale are best left up to the real estate investor, as they are professionals in this field.

Hiring a personal real estate assistant generally costs anywhere from $24,000 to $50,000 a year and can be money well spent, if it allows an investor to close more sales and increase their overall revenue.

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 Providing Housing For Baby Boomers Is In High Demand

Tuesday, March 12th, 2013

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Baby boomers represent a huge market for investors who are willing to find properties that suit their needs.

Dallas, Texas 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 investors who have a solid understanding of where the market is heading generally fare well. These investors know where to invest first and foremost, as the location generally determines the type of individuals who habitat this area. Investors who focus on providing housing for baby boomers targets a group who has certain unique needs and are looking for something to fit their lifestyle.

Investors who are providing housing for baby boomers take advantage of an increasingly growing group of individuals who are looking for certain amenities. Investors who work with baby boomers need to focus on the demographics of an area and give these individuals what they want. Baby boomers are either moving up or scaling back so consider both vacation homes and smaller homes in a relaxed atmosphere.

Baby boomers who are looking for real estate want to enjoy their retirement and many are choosing to purchase vacation homes in order to do so. Find areas that are pleasing to these individuals. When finding housing for baby boomers consider vacation homes on a secluded lake. Also consider housing for baby boomers that are located in warm states, like Arizona or Florida. Consider the security of the area and how close these locations are to essentials, like grocery stores.

On the other hand, many baby boomers are looking for real estate that is a bit smaller then their current house. Their children are likely on their own and most retired individuals would be better suited for a smaller house, something that can easily be maintained. When searching for housing for baby boomers, consider houses that don’t have stairs, as many baby boomers are looking for a location that they can enjoy into old age. Consider these smaller houses in areas that are tranquil and pleasant overall.

When providing housing for baby boomers find out what is best as far as demographics, safety, and give them something that allows them to be comfortable. Many baby boomers are moving but for different reasons so give them either a vacation dream house or give them a house that is easier to maintain overall. Baby boomers are at a time in their lives when they deserve to relax and enjoy the hard work they put in over the course of their lives.

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 What To Look Out For When Purchasing REO Property

Monday, March 11th, 2013

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Those investors who are considering purchasing REO properties need to follow some guidelines when doing so.

Dallas, Texas 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 investors who are searching for deals can look at REO properties as a source for profitable investments. While the days of getting an REO property for pennies on the dollar are over, investors who do their research and work with the REO department at the bank can obtain profitable properties, as long as they avoid certain pitfalls along the way.

Remember that when buying REO properties, the bank is going to do what it can to recoup its investment. They will try to create a contract that is advantageous to them and investors who aren’t ready to deal with these issues could end up being duped. First, beware of properties that are either extremely underpriced or overpriced. This should be a red flag, as properties that are way under value tend to have a great deal wrong with them. Properties that are overpriced may be appraised incorrectly so take a look at the appraisal for any erroneous information.

When properties are being sold “as is”, they can be contingent upon inspection and every investor should professionally inspect a property before becoming involved in it. Be sure that the location is decent and think about the end result, flipping the property. Make sure that interested buyers would consider moving into this area.

The best way to find REO properties is to work with an REO realtor because banks almost always work exclusively with REO realtors. Another option to consider is to purchase REO properties at auctions, but be aware that these properties are generally not in great condition. The properties that reach the auction block and haven’t been purchased directly off the MLS usually are not easy fixes.

When utilizing an REO realtor to work with the bank, in search of REO properties, provide them with a pre-approval letter, credit scores, and verify the funds that are required for the sale. The bank will expect 1% of the total cost submitted into escrow, as a good faith deposit.

If an investor has a respectable credit score, banks generally accept 10% down and a conforming loan, in order to purchase the property. Those investors who are willing to work with the bank and obtain an REO property can purchase properties for under market value.

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 Many Investors Have Purchased Rehab Properties In 2013

Thursday, March 7th, 2013

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Many investors have purchased rehab property projects this year, but is it really the right time to pursue it?

Dallas, Texas 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 rehab properties have begun to pick up pace in the beginning of 2013 and many investors are looking to jump on the excitement. Many beginning investors choose rehab properties as a place to start in the real estate investment business. They need to understand what to look for and what to watch out for, in order to make solid business decisions.

First, only get involved in rehab properties when the national market, as a whole, is doing well. Does 2013 qualify as a healthy national market? Both sides can be argued here as the market has picked up pace, but is still buried under debt. As budget cuts are made, the nation braces for the inevitable problems they are going to face. At this point, almost any set back could cripple the nation and leave an investor with a property that loses value.

Investors who are bold and feel like the national market will hold up through 2013 should then take a look at their local market. Look at factors like unemployment rate, as this will be indicative as to whether or not a community is growing or declining in population. Are any large companies likely to be going out of business or is the cities’ business sector booming?

Another factor that rehab investors have to consider is how they are going to obtain funding in this financially uncertain time. Do they have the credit to obtain a standard public loan or are they going to have to obtain funding from a private lender. They need to factor in the amount of time they are going to be working on the property and the amount of time it will take to sell the property when factoring in the cost of interest.

When determining whether a rehab project is likely to be profitable, consider all the factors, internal and external that are likely to affect a project’s profitability. Only consider rehab properties if the location is experiencing a booming economic prosperity, in order to ensure that interested individuals will purchase the property soon after completion. The faster a rehab investor can buy, fix and flip, the larger the profit potential will be.

A great deal of real estate investors have determined that 2013 is a great time to invest in rehab properties. The choice rests on the investor, as it is a coin flip.

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 Beginning Investors Face Adversity

Wednesday, March 6th, 2013

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Real estate investors who are starting out in the industry need to find properties in great locations and obtain the funding to purchase these properties.

Dallas, Texas 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 beginning investors who are just getting into the market have picked a good time to pursue real estate. Real estate investments are currently on the incline overall and investors who can secure the funding can purchase properties at rock bottom prices. They need to consider which properties are likely to be the most profitable and should always remember the golden rule of real estate: location, location, location.

The first thing beginning investors need to do, is study the market and understand which investments are likely to be winners, in an upward market. Consider commercial property if the funds are available or consider residential real estate as a steppingstone into the field. Money makes money and those that can take advantage of the commercial market should do so. On the other hand, every investor has to start somewhere and those who can obtain a loan could consider residential housing, as it is likely to prosper in 2013.

After deciding on the type of property to invest in, the next thing to consider is the location. This is essential because the nicest dwelling in the most run down neighborhood is not likely to earn a profit. Consider purchasing commercial property in a part of town that receives a great deal of traffic. Businesses that rent there are likely to stay in business and be able to pay their rent consistently, making an investors job quite enjoyable. Those investors considering a residential property should look at single-family housing located in city center, in a well kept up neighborhood, as these are always in high demand.

The hardest thing for most beginning investors is finding the capital necessary to fund their projects. They haven’t built up a business credit score and most lenders choose to shy away from these investors due to their inherent risk. Beginning investors may have to consider private lenders as a way to get started in the business, but need to understand and take the high interest rates into factor. After a few investments, leveraging capital becomes easier because one can prove to public lenders that they are responsible real estate investors.

Beginning investors need to do what they can to go up against the odds they are battling. Find respectable properties and find the financing to turn dreams into reality.

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.