Archive for July, 2013

Investing In Apartments Requires Certain Skills

Tuesday, July 30th, 2013

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When considering whether investing in apartments is a good idea, it is necessary to be informed about the business in its entirety.  Those who understand what they are getting into are able to gauge a profitable rental property from the beginning.  These investors should have a business plan, an understanding of the market in the area, and understand the best time to purchase a rental property.

The first essential item that an investor needs before investing in apartments is a business plan.  Those who don’t have the working knowledge required to make one, should employ the services of a professional.  This business plan should focus on obtaining an apartment that is likely to be profitable and all the details that go along with the business.  Decide whether to employ the services of a property management company and search for the best company for the job.

Decide how one is going to secure the necessary capital to make the purchase and find a mortgage lender that offers the best loan.  It is important to get a preapproval document, stating that one is approved for a loan.  This is essential when working with those who want to sell their rental property.  When investing in apartments, make sure that the property is going to be profitable.  In order to do this, make use of the cash on cash investment formula and determine that the positive cash flow trumps the negative.

An important factor to consider when investing in apartments is the area that it is located in.  Only invest in areas that are increasing in population and have a large number of potential tenants.  Consider areas that are located in a neighborhood that is low in crime and put each tenant through the proper screening in order to reduce problems.

When investing in apartments, timing is everything.  Those who can obtain property while the market is still recovering can likely get a deal on it.  Investors who can obtain a loan while interest rates are still relatively low can save a great deal of money over the course of the loan.  Luckily, the time to begin investing in apartments is now, as almost all the factors are lined up in an investor’s favor.

Those investors who are still on the fence regarding whether or not investing in apartments is a good idea should consult professionals in the area.  Consider working with an Agent and take a look at the properties in the area.  Run the numbers and find out whether a property is going to be profitable by making this decision based on the factors discussed.

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.

Find The Best Real Estate Investment

Monday, July 29th, 2013

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In order to find the best real estate investment, it is important that investors understand certain tips before getting involved in the field.  First, it is important to decide whether a real estate investment makes financial sense.  Most beginning investors should consider buying a property that is in decent shape, secure long-term financing, understand their exit strategy, and understand any liabilities associated with a property.

After finding a property that appears to be the best real estate investment in the area, it is imperative that an investor makes sure that all the numbers add up.  In order to determine whether an investment makes financial sense, one must understand all the streams of positive and negative cash flow.  If it has been determined that the positive stream of cash flow outweighs the negative stream, chances are that a property has the potential to be profitable.

When first getting involved in the real estate field, it is important to find a property that is in decent shape in order to limit the amount of complications that may arise.  Those investors who focus on a property that can be easily flipped, with very little rehab, allow themselves to focus on earning a profit with little distractions.

In order to make sure one is making the best real estate investment, it is important that an investor understands their exit strategy before getting involved with the property.  Most beginning investors should focus on properties that earn rent in order to take advantage of long-term financing.  Those investors who simply want to flip a property after purchasing it, need to make sure that they have a buyer already lined up.

Most investors know that investing in a rental property requires that one is able to get long-term financing.  Investors should make sure that they qualify for this before even looking for a property.  This will ensure that they are focusing on properties they can afford.  It also ensures a seller that the deal is likely to go through.

In order to find the best real estate investment, it is important that an investor understands all of a property’s liabilities.  Be sure to understand the title insurance policy, the disclosure document, and have the ability to obtain insurance on the property.  In order to make sure this all goes as planned, consider hiring an attorney who will be able to guide an investor through this process.

Those investors who find the best real estate investment are the ones who take the time to understand all of their possibilities, make sure that a property is bound to be profitable, and have their exit strategy planned out before the purchase, while understanding any liabilities that may stand in their way.

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.

Don’t End Up With Problem Rental Properties

Wednesday, July 24th, 2013

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Investors who know what to look out for don’t end up with problem rental properties.  It is important for investors to do their research before getting involved in a rental property and know what to look for in order to determine potential problems.  First, the numbers need to add up and make sense, the seller should be able to supply common facts having to do with the property, the properties location should be determined to be good, and the property shouldn’t have serious maintenance issues.

Those who make sure the math associated with a property determines a positive outcome are able to avoid problem rental properties.  Investors should use one of the many cash on cash formulas in order to make sure that a positive cash flow is likely.  It’s often said that numbers don’t lie.  This is as true as can be, but make sure that the numbers are accurate before plugging them into the equation.

Ask the seller for the numbers regarding their property.  If they can’t come up with good numbers, there is something wrong or they are hiding something.  Investors should move onto another property when a seller isn’t able to supply basic information, thus avoiding problem rental properties.  Investors should do what they can to only work with honest sellers.  Ask these sellers what they like about the area and what they don’t.  If they can’t come up with any negatives regarding the area, they are likely sugar coating the sale.

Take a good look at the property and its location.  Determine that there is indeed a rental market and that the property is likely to increase in value over time.  These two factors are entirely based on location.  In order to avoid problem rental properties, make sure they are located in profitable areas.

The next thing to consider, in order to avoid problem rental properties is whether they have a great deal of maintenance or require large-scale renovations.  While many sellers will be willing to knock off the money needed for a necessary rehab, most investors don’t want to get involved with a rehab property.  Investing in properties that are turnkey allows an investor to begin renting them out immediately and earning profits from the get go.

Those investors who do their research don’t end up with problem rental properties.  This investment is likely to be a long-term one, so be certain that the property meets all expectations and avoid buying a mistake.

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.

Finding An Investment Property Involves Being Proactive

Monday, July 22nd, 2013

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The keys to finding an investment property are work and diligence.  Investors who sit back and wait for clients to come to them generally don’t have an enormous amount of work.  There are many ways to target sellers who just want to sell their property quickly and are willing to do so for under market value.  Those investors who understand where to look for these clients are able to build an investment portfolio rather quickly.

The first step to finding an investment property usually starts with a gander through the classified ads.  While these aren’t likely to target a property that is being sold for a large percentage under market value, they are a good way to get some leads and start talking to potential clients.  Visiting these properties and talking to their owners is a good way to build up a network and get started in the field.

Another way to go about finding an investment property involves cold calling rental properties.  This can be as simple as driving around the city and locating, For Rent signs.  Call the owner, find out if they are interested in selling their rental property and set up a meeting to discuss the options of the sale.  Most investors are looking to invest in rental properties so this is a good way to start on that path.

While driving around the city, also look for properties that have signs in their yard, indicating that they are bank owned or up for auction.  Finding an investment property in this fashion usually requires that an investor deal with a lending institution.  Some of these properties can be purchased for below market value, but it is important that an investor do their due diligence, as many of these properties are likely to be in rough shape.

Many investors use a real estate agent when finding an investment property.  An investor can tell an Agent exactly what they are looking for and let the Agent do all the busy work.  This Agent isn’t going to cost an investor a dime so it is a source worth pursuing.

Getting in contact with FSBO sellers can make finding an investment property as easy as looking through Craigslist, ForSaleByOwner.com, or driving around the neighborhood looking for signs that indicate the house is FSBO.  These owners are likely to be willing to negotiate and some are going to be down right desperate to sell their property.

Finding an investment property isn’t all that hard, but it does require effort on an investor’s part.  Those who are willing to pursue the field are likely to find what they are looking for.

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 That Making An Offer Requires Calculation

Monday, July 15th, 2013

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Investors need to be through in their calculations when making an offer on a property.  This value can’t be too high or too low.

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 thatmaking an offercomes down to taking the time to properly analyze the real estate market and understanding where their profit margin lies.  In order to do this correctly, it is essential to understand the comps in the area, take the condition of the property into account and understand the direction of the market.  It is also important to understand a seller’s level of motivation and find a way to purchase the property below market value.  When making an offer on a property it is important that it is low, yet not too low, in order to avoid insulting a seller.

Those investors who are making an offer on a property in their immediate vicinity are generally well aware of the property values in that area.  These investors do their research and understand the comps in that area.  A good rule of thumb is to purchase a property for at least 20% below the market value.  The only way to do this is to find a seller who is desperate to sell their property.

Finding desperate sellers is likely to make up an investor’s entire marketing strategy, as this is where the money is.  When dealing with these desperate sellers it is important to make them an offer quickly and give them a reason to close the sale.  Sellers who are desperate are looking for a quick sale and investors who understand this will do what they can in order to close the sale rapidly.

Even though desperate sellers generally understand what their property is worth, they realize that they are unlikely to receive this when selling under such a situation.  Investors who understand exactly why a seller is selling can cater to their needs and make them an offer, while closing in as little as a week.  Many desperate sellers are attracted by the concept of a cash sale so an investor should make it known that this is the casewhen making an offer.

When making an offer, understand that most sellers are not willing to accept a price below market value. If a seller is unwilling to make the purchase profitable for a real estate investor, an investor needs to move on and find a better 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.

Earn A Profit In Real Estate Investing

Tuesday, July 9th, 2013

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Investors who understand the different ways to profit in real estate investing can choose the strategy that best fits their personality, budget and commitment level.  Real estate investing is incredibly diverse and those who understand the benefits and draw backs to each mode of investing can make informed choices as to what best fits their scenario.

Those who want to earn a profit in real estate investing and do it with style may choose to wholesale properties.  Buying and flipping properties is not the easiest way to make money in real estate, but many are drawn to the concept by the quick money they believe they will make.  Those who are successful in wholesale real estate tactics generally have large sums of capital and invest in hundreds of different properties all at once.  For those who insist on this tactic, it is important to find the best deals on the market in order to profit.

The typical real estate investment that most investors choose and the more logical way to profit in real estate investing is rental property.  These investors can benefit from the power of leveraged capital, while building up equity in their property, month after month.  This pursuit requires that an investor be willing to put in the work to make the property appealing and profitable throughout the course of the investment.

Working with rehab property is another way to earn a profit in real estate investing.  This niche requires an investor to put in a great deal of work to earn a small profit.  While this concept is glorified by certain TV shows that make it look easy, it is actually a science and those who are able to calculate costs accurately are the ones who succeed.

Those who invest in commercial property are generally already successful in their investment career.  This niche offers one of the largest profits in real estate investing, although it takes time to materialize, just like residential rental property.  The profit margins are greater and an investor who has a well-placed commercial property will likely have 100% occupancy.

An easy way to earn a profit in real estate investing is to invest funds in an REIT, assuming that they turn a profit.  This allows an investor to simply invest their capital and sit back, while waiting for dividends.  The returns from an REIT are generally not extremely high and this niche is suitable for investors who don’t want to be physically involved in the field.

Beginning real estate investors should realize that they can profit in real estate investing through any niche, but should find a niche that fits their investment strategy.

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.

Real Estate Market Research Is The Key To Finding Investment Properties

Wednesday, July 3rd, 2013

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Investors who do their own real estate market research will find themselves purchasing houses that aren’t currently on the market.  This allows an investor to find owners who need to sell their property quickly and avoid competition from other buyers.  Many investors search for these investment properties by direct mail advertising or by contacting property owners directly.

Targeting typical properties where owners are likely to be desperate to sell involves significant real estate market research that can pay off big time.  The investors who are willing to put in the time to target their direct mail advertising to these sellers are bound to find extremely desperate sellers.  This direct mail advertising should focus on those who are going through hard times and need to sell their properties quickly.  Often times these individuals just want someone to purchase their problem so they can move on with life.  This is where real estate investors step in and save the day.

One way to find desperate sellers is to target listings that are expired, as many of these sellers just want to find a buyer and sell their house.  These individuals are usually thrilled that someone is displaying interest in their house.  Many of these sellers have given up their selling dreams and have accepted that they have to hold onto their houses for a few more years.  Often, they are likely to sell the property for below market value.

Real estate market research should focus on targeting FSBO sellers because this is another great way to find desperate sellers.  While many FSBO sellers aren’t desperate, the ones that are can be a gold mine.  Most of the time, they don’t understand how to market their property and aren’t going to hire a real estate agent because they don’t want to pay the commissions.  This leaves them with very few responses regarding the purchase of their house and an investor can generally talk them way down on their asking price.

Those who perform the proper real estate market research to find sellers who are facing foreclosure, but have equity built up in their property can often obtain a property for under market value.  These individuals don’t want to lose all the equity they built up over the years and are willing to sacrifice a little so their investment is not a total loss.

Investors who are just getting started in the industry should put all their effort into real estate market research if they hope to find the deals that enable them to prosper.

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.

 

Purchasing The Best House In The Neighborhood Is Not A Good Investment Strategy

Wednesday, July 3rd, 2013

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When looking for investment property it is best to shy away from purchasing the best house in the neighborhood because the owners are usually going to want the highest price in the neighborhood.  The only time to consider purchasing the best house in the neighborhood is if the owners are desperate to sell their property and are willing to sell it at a bargain.

While this is rarely the case, purchasing the best house in the neighborhood is likely to cost way too much to make it profitable to an investor.  On the contrary, purchasing the worst house in the neighborhood is generally a decent strategy, assuming that it is not in terrible shape.  Rehab investors can benefit the most from this, as they can bring a house back up to the neighborhood standard.

This is likely to raise its property value considerably, but purchasing the best house in the neighborhood leaves very little room for profit.  Those who look to improve this house won’t raise the value, as it is out of place with the rest of the neighborhood.

When determining the best house to purchase, look at the comps in the area and find one that can be purchased for under market value.  The best way to do this, is to market directly to these potential sellers.  Most of the properties that are listed are usually priced competitively so searching the MLS for an investment property is generally not a good idea.

In order to find these sellers there are many different techniques that an investor can use.  They can market by word of mouth, put an advertisement on the Internet or place flyers around the area.  The idea is to have sellers directly contact an investor with a burning desire to sell their property.  This type of advertising really focuses on desperate sellers who are willing to sacrifice on price in order to sell quickly.

After finding a property that requires a little rehab work, don’t put in the money to make it the best house in the neighborhood.  This is unlikely to earn a positive ROI on an investment.  When performing a rehab, only do what is necessary to flip the property quickly or make it habitable for rental tenants.

Forget about purchasing the best house in the neighborhood, as there is little incentive to do so.  Consider purchasing a house that requires a little rehab work and can be purchased for under market value.  This is the ticket to earning money through real estate investing.

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.

Purchasing Real Estate Isn’t As Complicated As Some May Believe

Wednesday, July 3rd, 2013

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Investors who are just getting involved in the real estate field need to understand the mystery that surrounds purchasing real estate.  From making an offer to closing on the property, it is important to be informed when purchasing real estate.  Investors who understand the step-by-step approach to purchasing a property are able to proceed with confidence and avoid getting caught in a bad deal that they are unable to get out of.

Purchasing real estate can certainly be a risky proposition, but investors who understand how to do it properly are able to avoid most pitfalls.  The first step involves finding a property to purchase and this is likely to take a great deal of time.  Always remember that there is likely to be a better deal in the future and don’t get tied to a property that isn’t profitable.

After finding the perfect property, the next step to purchasing real estate involves making an offer.  This offer should be embarrassingly low, as an investor needs to purchase properties for far below market value in order to earn a profit.  The individuals who are selling these properties may back out at this point or go ahead and make a counter offer.  It may take some time to find an owner who has a desire to sell their property at a reduced price, so be willing to pursue numerous properties.

After agreeing on a price, the next step of purchasing real estate involves writing a contract.  This should include the price and any contingencies that are required for the sale to go through.  These contingencies should allow an investor to back out if the property doesn’t meet an inspection or if the property has been shown to have liens.

Next, get a professional inspection to make sure that there aren’t going to be any hidden costs.  Many of these properties that are being sold for under market value are going to have problems associated with them.  Make sure to understand all the costs associated with their repairs.

After everything has been squared away, an investor should take a final walk through before closing on the property.  The final step in purchasing real estate involves finalizing the bank funding to obtain a loan and moving into closing.  The closing process is generally mediated through an attorney or an escrow company.  This involves signing documents, displaying the proper identification and transferring funds.

While purchasing real estate isn’t incredibly complicated, many problems can pop up at any step along the way.  Investors who are aware of these problems should remedy the situation or back out of the deal.

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.

Investors Should Focus On The Desirability Of A Property

Wednesday, July 3rd, 2013

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When searching for an investment property, it is important to take note of certain factors that determine the desirability of a property.  While most investors are familiar with the importance of a property’s location, there are many other factors to consider before deciding if this is the best property to become involved with.  When purchasing a property, think about the exit strategy and decide whether this property will be easy to flip or rent out.

Investors need to focus on the desirability of a property no matter if they are going to rent it out or flip it to another buyer.  There are certain characteristics that quality properties all share in common.  The first aspect to focus on is the location, and whether the location’s desirability is likely to change in the near future.  Those investors who focus on properties that are located in a suburban environment that are growing in population usually have a desirable property on their hands.

Investors should consider the school district when determining the desirability of a property.  Many interested buyers and renters will have children who are going to be attending the local schools.  Do a little research and purchase properties that are located in the best school districts in order to have a successful exit strategy.

Be aware of the crime in the area when considering the desirability of a property.  These statistics can be found online or at the local law enforcement facility.  Consider only locations that have little to no crime, as they are going to make the entire experience more manageable.  Also consider how easy it is to walk around the neighborhood and whether certain amenities like grocery stores are located close.  Many people are looking for locations where they don’t have to depend on their vehicles to venture out into the neighborhood.

Consider the taxes when determining the desirability of a property, as property taxes vary from location to location.  While higher priced properties are likely to have higher property taxes, make sure that they are appropriate for the property in question.

Consider the character of the neighborhood when determining the desirability of a property.  While most suburban locations are desirable, consider other locations, like properties located in a historical district.  Many buyers are looking for properties that have this sort of charm.

When considering the desirability of property, view it from the eyes of the ones who are likely to buy the property or rent it.  If these individuals are happy with the property, then it is likely a good investment.

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.