Archive for January, 2014

HomeVestors Knows The Importance Of A Real Estate Investor Website

Friday, January 31st, 2014

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Investors who still don’t have a website or have an outdated website need to do what they can in order to get in touch with the technology. 

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 a real estate investor website is a must for those who are in the business.  While not all investors have to use online marketing to find their leads, they should have a website to demonstrate that they are up to date with the current technology.  Do what is necessary to make a website look professional in order to impress clients.

When deciding on whether a real estate investor website is worth the investment, remember that most clients expect that an investor is in tune with the technology.  Given all of the business that is conducted online, having a nice looking website is a necessity.  Those investors who aren’t marketing themselves online should still realize that a large number of clients are looking for them on the Internet.  Those who have business cards need to have a website on them in order to allow clients to read about their business and make contact.

Those who don’t have a clue about how to make a real estate investor website should consider employing professional help.  There are many web designers and the industry has become quite competitive over the years.  At this point, most investors are using a Word Press template in order to display a professional, yet easily manageable interface.  Investors will have to learn a little about making modifications to their site, but this should be relatively easy.

Those investors who want to do a bit more with their real estate investor website should make sure that their content is easily found by the search engines.  Consider writing content that is based around certain keywords that will drive more targeted traffic to the site.  When writing content, make sure that the message is clear and concise in order to give a reader a full understanding of the message.

Investors should add pictures and videos on their real estate investor website, as it will give one a few different ways to convey a message.  Consider placing past projects on the site in order to build a reader’s confidence.  Also ask past clients for testimonials and include a page dedicated to them in order to win a client over.

A real estate investor website that is ready to impress clients is a must and every investor should make sure that their website is up to date.

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 The Value Of Property Management Companies

Friday, January 31st, 2014

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Property management companies do a wide range of activities and handle the issues on the property with confidence. 

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 property management companies are a godsend to many investors.  These companies handle tax issues, management issues, maintenance issues, tenant issues and offer security to the property.  These companies allow an investor to enjoy their time and not worry about minor day-to-day issues.

The first step of finding property management companies involves researching the different companies on the market.  In order to find the best company, talk to other rental property owners around the area and do a bit of research on the Internet.  There are bound to be two or three companies that stand out over the rest.

Many investors want to keep all of the profits to themselves, but should understand that their time is valuable.  The nice thing about property management companies is that they will allow an investor to leverage their time.  Instead of fixing broken toilets, an investor can be plotting their next investment.

Rental property owners who don’t have a good understanding of what it takes to run a rental property would be better off hiring one of the property management companies on the market.  They will be able to handle the maintenance and find tenants, which is bound to take a great deal of time.  Investors who don’t want to be tied to their properties should consider the advantages of working with a property management company.

Property management companies allow an investor to live at a substantial distance from their property.  Those investors who have pinpointed an area that is growing in population and is a desirable location for rental property can purchase the property without having to move to this area.  While it is a good idea to keep tabs on an investment property, an investor doesn’t have to live on site when they employ a company to handle their business.

Another nice task that property management companies handle is getting the taxes together.  Investors who don’t have a property management company have to either hire a tax preparation company to handle this or deal with the headache of paying taxes themselves.  These property management companies are experts at handling the taxes and will be able to write off expenses based on the business.

Those investors who understand the value of property management companies will likely include them in their business plan.

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 Locations Real Estate Investors Should Avoid

Friday, January 31st, 2014

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There are a number of regions in the United States that are best avoided because they are reducing in population and have a high unemployment rate. 

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 there are a number of regions in the United States that real estate investors should avoid.  All of these locations have a number of factors in common, mainly high unemployment rates and falling property values.  Those who analyze a market before investing in it are bound to cross these locations off their list before becoming committed to an investment.

In order to have a good idea of what locations real estate investors should avoid, understand what constitutes a bad market.  Those investors who properly research an area before becoming involved there can easily pinpoint bad real estate markets.  When a community is decreasing in population it is usually because the region doesn’t have enough jobs to support the area.  As soon as this happens, the property values are going to decrease and the entire area is going to lose its desirability.

Investors who see an area that is decreasing in population and decide to invest in it because they believe that prices might jump back up in the near future need to properly analyze this decision.  More often than not, industry needs to return to an area before property values increase again.  Real estate investors should avoid these areas unless they see upcoming future potential in the economic sector.

Some cities that exemplify these traits are Hagerstown, MD, Ocean City, NJ and Wichita Falls, TX.  These regions are seeing population declines and respective property value declines.  There are a number of people who are looking to sell their real estate in these three locations, but are having a tough time doing so, as most investors know that these areas don’t have any profitability.

Hagerstown, MD has seen its property values drop 1.4% 2013 and experts are expecting that are large number of people will leave the area in 2014.  The region is losing industry and isn’t able to support its population.

Ocean City, NJ has seen its property values drop 2.1% in 2013 thanks in part to Hurricane Sandy.  The population increases dramatically in the summer, but fewer people are flocking to this beach city presently.

Wichita Falls, TX has seen its property values fall 5.7% in 2013 and it doesn’t have enough industry to keep it afloat.  Those who are considering leaving the area are likely to list their property for an attractive price in order to sell their house.

Those who have an understanding of what regions real estate investors should avoid can immediately dismiss them and move onto greener pastures.

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

HomeVestors Knows Where The Next Booming Real Estate Markets Are Located

Friday, January 31st, 2014

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Investors who are able to predict where up and coming real estate markets are located should invest there and profit from their speculation. 

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 who are looking for the next booming real estate markets need to have a good understanding of the entire market as a whole.  Those investors who are great at pinpointing up and coming markets are bound to be able to profit from their speculative ability.

There are a number of up and coming booming real estate markets across the United States.  The number one way to find these regions is to look at the overall economy in certain areas.  Assume that those regions that are expanding in this department are bound to see population increases that will increase the demand for housing.  Investors who can purchase real estate before this takes place can earn a great deal through their exit strategy.

When looking for booming real estate markets, think outside the box.  While markets like San Francisco, NY and Washington DC are certain hot, a large number of investors are focused on them.  Experts have recently quoted that over half of the counties in the United States never recovered from the recession.  Look at some of these areas and find a certain market that is beginning to turn their luck around.  A region that is finally beginning to experience an economic expansion is the kind of market that an investor wants to enter quickly.

Investors should stay tuned to the news when looking for the next booming real estate markets.  When a new economic expansion is being announced, find out where and do what is necessary to purchase real estate before property values increase.  If a region is likely to see new businesses in an area within the next couple of years, purchase property that is close to the planned development site.  These properties are bound to be gold mines as soon as this region is operating in full swing.

Those investors who already have investment property in booming real estate markets should make sure that these markets continue to increase in popularity.  If there is news to the contrary, list the property on the market before it has a chance to decrease in value.

Those investors who understand the traits of booming real estate markets are bound to find one that suits their needs.

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 Screening Tenants Requires A Step-By-Step Approach

Friday, January 31st, 2014

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Take the necessary time when putting tenants through a screening process to make sure that they are telling the truth. 

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 rental property investors should put forth a full effort when running tenant checks.  Those investors who know what red flags to look out for when screening tenants are able to avoid bad tenants that can ruin a rental.

The first step of screening tenants involves putting them through a phone interview or meeting with them in person.  During this initial interview, ask them questions that would reveal information that would bar them from renting here.  This will be able to narrow down potential tenants and can avoid the time commitment required to screen tenants.

After showing a tenant a rental, the next step of screening tenants involves giving them an application form.  Most rental property owners charge an application fee, as it can reduce the number of bad tenants and help to pay for the screening process.  A standard fee of $35 to $50 is generally acceptable and most good tenants are willing to pay this.

After receiving the completed application, the process of screening tenants becomes technical.  While many rental property owners like to submit a tenant’s application to a professional screening company, this is bound to cost a bit more.  For this reason, many rental property investors opt to perform the screening process themselves.

First start with the credit check when screening tenants.  If this comes back with positive results, begin the criminal history, employment and previous rental experience background check.  If all of these reports come back with a positive spin, start to dig a bit deeper into the information provided on the application.  Consider contacting the individual listed under previous rental history.  The key is to make sure that one is talking to the correct individual so do some research to find valid contact information and don’t necessarily trust the information as provided.

When contacting employment sources, do what is necessary to talk to the HR department.  Contact these individuals through company literature and ask the necessary questions regarding a potential tenant.  If a potential tenant appears to be truthful on their application, the screening process can come to a close and the tenant should be notified about their acceptance.

Rental property investors who understand the importance of screening tenants are bound to find that this drawn out process is worth the effort.  Those investors who focus on obtaining high quality tenants are able to benefit from the fruits of their labor.

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 The Mortgage Interest Rate Is Still Affordable

Friday, January 31st, 2014

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Investors who are thinking about using lender financing to purchase an investment should do so while the mortgage interest rate is still below 5%. 

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 the mortgage interest rate is still at an affordable rate, 4.39%.  Expect that this rate is going to increase slowly over the next couple of years.  Those investors who have been thinking about securing lender financing to purchase an investment property should consider doing so in the near future.

While the mortgage interest rate at 4.39% seems high in comparison to what it was a year ago, it is still quite low based on historical rates.  Those who purchase a property in the beginning of this year should be able to secure a mortgage interest rate under 5%, but those who are considering waiting until the summer to purchase an investment property will likely be faced with mortgage interest rates that are above 5%.

Investors who are forced to lend money from the bank will have to pay the going mortgage interest rate no matter what it is.  This is why investors who have a property in mind should move forward swiftly and close on it.  Investors who are waiting around for a better mortgage interest rate will not likely to receive it, as the Fed has recently reduced their bond-buying program.  The effects of this bond-buying program kept mortgage interest rates affordable through the QE program.  The era of easy money is coming to a close and investors who still want to capitalize on it need to secure a mortgage now.

Investors who are thinking about purchasing an investment property in the next couple of years should realize that the mortgage interest rate could creep up to 7% or more, effectively cutting into an investor’s profits.  Those who have the option to purchase an investment now should consider this to be their best option.

If mortgage interest rates do end up moving up to 7%, expect that real estate investors will scale back on their purchases and sit on their laurels.  Those who have the liquid capital to make purchases at that time will likely be able to capitalize to the fullest degree, as buyers of all types will be sitting by the sidelines.  This will result in significant drops in property value and the ball will officially bounce into a buyer’s court.

Those investors who take advantage of the current mortgage interest rate can capitalize on their investment to the greatest degree.

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 Where To Purchase Investment Property In 2014

Thursday, January 30th, 2014

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There are a number of real estate markets that are increasing in prosperity and real estate investors should consider staking claim to these areas. 

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 there are certain regions around the United States that are calling real estate investors to purchase investment property.  Those investors who know what to look for should consider migrating to areas that are looking prosperous in 2014.

When deciding on where to purchase investment property, analyze the economies of the major real estate markets across the United States.  Those investors who base their investment decision on the increase in employment in various areas have likely made the right choice.  Make sure that these employment trends are likely to continue over the next couple of years in order to be certain that an area has a prosperous future.

Those investors who are looking at employment numbers to guide them to the right region to purchase investment property should consider what Nashville, TN is offering them.  Nashville’s employment increased 2.2% in 2013 and future increases are expected in 2014.  Those who purchase rental property in Nashville can likely capitalize on the growing population in the area.

Another region where it is a good idea to purchase investment property is Denver, CO.  The employment in Denver has increased 1.7% in 2013 and 2014 is likely to be even better.  A number of people are moving to Denver from around the country for many different reasons and the area is bound to continue to prosper for the next couple of years.

Investors who are considering investing in Austin, TX are generally attracted to the area for its culture and weather.  The population and economic boom continues to push Austin to the top of the list of great places to purchase investment property.  Austin is likely to see even more immigration to the area, as its tech sector continues to drive the city’s economic growth.  Austin is a great place to purchase a rental, especially if it is located close to major economic players.

Another great place to purchase rental property is the Silicon Valley region.  The property values continue to push up in this region and the population continues to skyrocket.  Expect that the Silicon Valley area will remain profitable for decades, if they continue to remain the center for technology.

Those who are looking to purchase investment property in an up and coming area are likely to have a profitable investment on their hands.

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 Realizes That There Are A Number Of Real Estate Investments To Avoid

Thursday, January 30th, 2014

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Investors who understand what to look for when searching for real estate are bound to avoid problematic investments. 

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 there are a number of real estate investments to avoid and investors who know what to look for are bound to make informed decisions.  The more experience an investor obtains, the better their decision-making will become.

The first of many real estate investments to avoid are any investments that don’t generate cash flow.  In other words, anything that isn’t being rented out is generally a risky investment.  While rental property is a slow, long-term investment, it is stable and has proved itself throughout the course of time.  Beginning real estate investors are advised to purchase rental property, rather than shoot for quick riches.

When analyzing cash flow investments, there are certain rental properties to avoid.  Those rental properties that have a surplus of negative cash flow must be avoided at all costs.  Desperate sellers who just want to cut their losses and part with their property generally sell these negative cash flow properties to amateurs.  Investors who do the proper due diligence will generally be able to avoid properties like this.  Avoid purchasing rentals that are in a region that is decreasing in population and doesn’t have a large number of potential tenants in the area.

Other real estate investments to avoid include properties with damage to the foundation, electrical system or plumbing system.  These properties are generally a headache and pinpointing the cost of the rehab is difficult.  These are high-risk properties and only investors who have the necessary experience in the field should consider purchasing them.

Properties in foreign countries should also be avoided unless an investor understands the laws of this country in their entirety.  Since most investors don’t want to worry about property that is thousands of miles away, they should avoid these investments, even if they appear to be profitable at a first glance.

Beginning investors should avoid high-risk real estate investments, as they are likely to fail.  If another investor pitches an investment like this, beware, as it has a high probability of failure at best and is a scam at worst.  Take things one step at a time and realize that if the deal is too good to be true, it probably isn’t good at all.

Those investors who understand what real estate investments to avoid can increase the probability of their success in the field.

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.

Beginning Real Estate Investors Need To Set Realistic Goals

Wednesday, January 29th, 2014

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Many beginning real estate investors who are just getting started in the field have unrealistic goals and don’t understand how to properly set up goals.  Those investors who understand what they want and know how to go about getting it understand goals and their value.  Here we will analyze realistic goals and how to go about achieving them.

Most beginning real estate investors dream big, but don’t have the proper goal structure in order to accomplish their dreams.  Those investors who want to be “rich” need to define what this term means.  Beginning real estate investors who want to earn $100,000 in their first year now have a number that they can begin working on, but this number is quite unrealistic.  The first year in the real estate field is likely to be riddled with hurdles and earning a substantial amount of money right out of the gate is highly unlikely.

Beginning real estate investors who understand that they are not likely to earn a great deal in their first year should focus on more concrete goals.  Investors who wish to own one property by the year’s end have established an attainable goal that can be measured by real world results.  Now that this goal has been determined, an investor should go ahead and make smaller goals in order to accomplish this feat.

Beginning real estate investors who have determined that they want to own a property in a year need to understand the method of attainment.  Set up certain milestones along the way and be prepared to do a great deal of research in order to find the best property for the money.  An investor who decides that they want to spend the first six months of the year analyzing properties has the necessary time to find the best property on the market and give each potential property a substantial analysis.

This leaves beginning real estate investors with another six months to work through negotiations on a property and close.  While this process is unlikely to take this long, understand that problems are bound to popup along the way.  Perform the necessary due diligence and if a property has been determined to be a loss, be prepared to walk away.

Beginning real estate investors who still don’t have a property before their goal’s stated date shouldn’t panic and should still perform the necessary due diligence.  The purpose of goals isn’t necessarily to meet them, but to get on the right track and build up momentum in the right direction.

Those beginning real estate investors who understand how to set up goals and achieve them are on the path to success.

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.

Beginners Should Work With Professionals When Analyzing Rehab Property

Wednesday, January 29th, 2014

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Rehab property is a popular real estate investment niche that seems like an easy way to turn a profit.  The truth is that those who are just getting started with this niche are going to have to work with professionals if they wish to properly analyze an investment.  In order to find the best investment on the market, understand what to look for and work with experienced rehabbers in order to decide whether the investment is worth the risk.

The first step in finding a rehab property involves research, not only on a specific property, but the entire market as a whole.  Only choose to invest in properties that are located in a region that is growing in population and has a number of buyers on the market.  Those who know that they can sell their property as soon as the rehab is complete don’t have to worry about not being able to sell their completed project.

After finding a number of rehab properties that meet the specification of an investor, it is important to go through each of these properties and take note of all the problems.  Then, go through all of these problems in order to make an estimate of how much it will cost to fix them and how long it will take.

The next step of analyzing a rehab property is to go through the properties that seem to be profitable again.  This time, bring a rehab property expert and allow them to give their expert opinion.  Not only will they be able to easily determine whether a property is desirable, but they will also be able to bestow knowledge to a beginner.

This should allow one to pick the rehab property that appears to be the most profitable.  Those who have narrowed down their choice to about three different properties, but can’t decide which one is the best should consider hiring another rehab property expert in order to get a second opinion.  This individual may be able to point out other issues that had been missed the first time around.

When taking in account all the factors that go into a rehab property, remember that time is as important as money.  If two properties appear to have the same profit potential, but one property has been estimated to be a faster job, consider the advantages of a quick rehab in order to sell the property as soon as possible.

When getting involved with rehab property, make sure that professionals have assessed it in order to validate its profitability.

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.