Archive for the ‘HVA Blog’ Category

New HomeVestors Franchise in Louisiana

Monday, October 10th, 2011

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Congratulations to Al Mallet, our newest franchise in Louisiana.

Al is our first HomeVestors® franchise in the Lafayette area. He will be working with John Holman and Keven Culkin as his DA, and buying ugly houses in and around the Lafayette area.  Al has a background as a general contractor and real estate investor. He is a 3rd generation in construction and 37 years in the construction and real estate investment business. He already owns 21 rental properties.

Congratulations, Al, and welcome to team HVA!

New Houston Franchise for HomeVestors

Monday, October 10th, 2011

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Congratulations to Ryan and Ging More, HomeVestors® newest franchise in the Houston area.

Ryan will be working with Development Agent Eddie Gant. A Development Agent serves as a mentor to a new franchises. Ryan has been an airline pilot for 11 years, and has been buying houses on the side. He already has invested in rental properties. Ging, his wife, is a Realtor and volunteers for Habitat for Humanity. Ryan will be managing the franchise, but both will be working the business together. They join HomeVestors, the We Buy Ugly Houses® company.

Welcome Ryan and Ging to Team HVA!

New Rankings Out on the Best Markets to Invest In Rental Properties

Friday, September 16th, 2011

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HomeVestors and Local Market Monitor have released their new rankings on the Best Markets to Invest in Rental Properties. The ranking rate the top 100 markets. HomeVestors has franchises available in 97 of the top 100 markets!

The rankings will be updated quarterly. Already, you will see some interesting changes in the top 20 markets. West Palm Beach moved up 8 places to move into the top 10. HomeVestors franchise Don Cameron says, “We are definitely seeing an increase in interest and activity by real estate investors.”

Atlanta also moved up 5 places, and now sits at 11 in the poll. HomeVestors Development Agent John Holman says, “There has never been a better time to invest in real estate in Atlanta. This is a great time to be a HomeVestors franchise.”

To learn more about real estate investing and how you can be a part of HomeVestors, go to homevestorsfranchise.com.

Voting Has Begun for The Ugliest House

Monday, June 27th, 2011

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Voting has begun for The Ugliest House contest for 2011.

This contest, sponsored by HomeVestors®, seeks to find the ugliest house in communities across the US. This contest is open to any Real Estate Investors to nominate houses they own. Anyone can vote in the contest by going to www.theugliesthouse.com

This is a fun site to visit. People wonder, do they really buy ugly houses? Though most of the houses HomeVestors buys simply have repair issues, some of them indeed are really ugly.

 

You Don’t Need a Guru, You need a Mentor

Tuesday, June 7th, 2011

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We’ve all seen those late night TV infomercials with the guy who is ready to share his real estate investing secrets with you. Just send him your money and you get his exclusive books and CD’s that contain his hot concepts on how to invest in real estate. Or maybe you attended your local real estate investor club meeting where the featured guest has a killer real estate program that he is willing to share with you at half the normal cost… “tonight only”.

You have to ask yourself, are any of these guys willing to work with you personally throughout your entire career as a real estate investor? Can you call him when you are standing in front of a house you are considering buying to ask his advice? And what makes his singular and extraordinary method the best for success?

At HomeVestors of America®, we are a network of real estate investors that are actually “doing the business”. We have experienced Development Agents (DA’s) that work directly with our franchisees to mentor, coach and support them in their HomeVestors real estate investing businesses – everyday.

The HomeVestors franchise system is not the concept of an individual real estate guru on a hyped up promotional tour for our latest paperback course. We are performing businesses that actually buy and sell real estate. We are a team of like minded real estate investors that share ideas and work together for the good and success of all. And, we are the only franchise of its kind with a system that has bought more than 45,000 houses since 1996 with the highly recognizable “We Buy Ugly Houses®” brand that represents instant clout and credibility to our customers.
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Rob Caldwell is a Development Agent with HomeVestors of America and is based in Lake Lure, North Carolina. Rob’s role is to recruit, train and support HomeVestors franchise offices in North and South Carolina. Since 2004 Rob has bought 100’s of houses through the “We Buy Ugly Houses” franchise system. If you are interested in a HomeVestors franchise in the Carolinas, contact Rob today! Rob.Caldwell@homevestors.com or 828-625-5836.

What about Foreclosures?

Tuesday, May 31st, 2011

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CNNMoney.com reported that there were nearly 220,000 foreclosure filings during the month of April, including notices of default, scheduled auctions and bank repossessions. And there are 3.7 million borrowers at least 90 days late on payments. This news has prompted real estate investors across the country to make offers through banks and realtors to purchase many of these distressed properties.

Probably one of the greatest misperceptions about HomeVestors® is that the “We Buy Ugly Houses®” company only buys foreclosures. While some of our franchisees do purchase the occasional foreclosure, the vast majority of the houses we purchase are directly from the owner of the property. Our massive We Buy Ugly Houses brand and advertising campaign prompts sellers to contact HomeVestors directly; and usually before they contact anyone else.

Some real estate investors that are curious about the HomeVestors franchise opportunity may not initially recognize that the We Buy Ugly Houses brand attracts more distressed sellers than any other method. I often hear, “Why would I want to join HomeVestors when I can buy foreclosures on my own”. A clear moment of enlightenment occurs when they learn that HomeVestors franchisees do not buy many foreclosures at all. We receive calls from sellers who invite us into their living rooms and kitchens to help them out of their ugly situation. Making this the best lead a real estate investor will ever have.
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Rob Caldwell is a Development Agent with HomeVestors of America and is based in Lake Lure, North Carolina. Rob’s role is to recruit, train and support HomeVestors franchise offices in North and South Carolina. Since 2004 Rob has bought 100’s of houses through the “We Buy Ugly Houses” franchise system. If you are interested in a HomeVestors franchise in the Carolinas, contact Rob today! Rob.Caldwell@homevestors.com or 828-625-5836.

Why Sellers Contact HomeVestors

Monday, May 23rd, 2011

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When visiting with sellers who have called HomeVestors about selling a home, I always ask how they found us. In many cases they tell me that because of the situation they are in, the first thing that came to mind was to call the “We Buy Ugly Houses®” people. They remembered seeing the HomeVestors® billboards, TV and radio ads.

This top of mind brand recognition is what makes the HomeVestors brand so powerful. We are often the first people that sellers contact about their ugly situation. Most of them will do some research and then contact HomeVestors before calling a real estate agent or discussing the situation with the people closest to them.

Many real estate investors depend on buying investment houses through competitive bidding on foreclosures or multiple offers using a real estate agent. But HomeVestors franchisees understand firsthand the value of the lead that came from a seller who thought to call HomeVestors first. There is not a better lead than one with a seller you have a direct relationship with.
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Rob Caldwell is a Development Agent with HomeVestors of America and is based in Lake Lure, North Carolina. Rob’s role is to recruit, train and support HomeVestors franchise offices in North and South Carolina. Since 2004 Rob has bought 100’s of houses through the “We Buy Ugly Houses” franchise system. If you are interested in a HomeVestors franchise in the Carolinas, contact Rob today! Rob.Caldwell@homevestors.com or 828-625-5836.

I’m Finding it Hard Not to be a Contrarian Bull.

Saturday, May 14th, 2011

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Prices have corrected considerably since the housing bubble began to burst five years ago making home values in many areas cheap. In places where prices have dropped the furthest, there are deals almost everywhere you look.

In most places owning a home is much cheaper than renting now. Foreclosures and short sales continue to be abundant. Coupled with the most recent and unfortunate natural disasters across the country there are many displaced folks who now find themselves renting. This demand will create a rise in rent rates.

While rents rise, thirty year conforming home loans are going as low as 4.3%. And don’t forget about the tax break on the interest. But these low interest loans will not last forever and forecasters predict Fed rates will jump up dramatically before the end of the year.

Consider that landlords are now using new metrics for calculating what they will require in rent. A landlord who owns a $100,000 rental property expects their annual rent to be at least 9% of the cost of the home, or $750 a month. But, the monthly mortgage payment for the same $100,000 home at 5% will be roughly $540 a month on a thirty year note.

All of this is great news for owner occupants and real estate investors alike. Real estate investors are finding incredible deals all around while home buyers will probably never see the likes of these low interest rates again making this the perfect time to buy!
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Rob Caldwell is a Development Agent with HomeVestors® of America and is based in Lake Lure, North Carolina. Rob’s role is to recruit, train and support HomeVestors franchise offices in North and South Carolina. Since 2004 Rob has bought 100’s of houses through the “We Buy Ugly Houses®” franchise system. If you are interested in a HomeVestors franchise in the Carolinas, contact Rob today! Rob.Caldwell@homevestors.com or 828-625-5836.

You Don’t Know if You Don’t Go!

Thursday, May 12th, 2011

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Real estate investors spend a great amount of time trying to qualify their leads over the telephone. Don’t do this. It’s disrespectful to the seller.

When a seller calls a real estate investor about buying their home, they typically have a problem that needs solved. They are usually very sensitive and under pressure. A laundry list of questions from someone they don’t know may seem like an interrogation and does not establish trust and rapport.

I can’t tell you how many times I have gone on an appointment and learned that the seller wasn’t exactly truthful during their initial phone conversation with me. These people aren’t liars; they just weren’t comfortable discussing their intimate financial details over the telephone with someone they have never met. When you are on the sellers turf and have successfully bonded with them, they are more at ease and willing to open up to you.

In addition, do not tell a seller that you cannot buy their house over the telephone. Yes, I know how inconvenient it is for you to drive all the way across town to tell someone no. But, is a seller more likely to refer you to their friends and family if you tell them no in person, or over the phone? And, which do you think will benefit the reputation of your business and improve your professional respect and integrity? Telling the seller no over the phone… or in person?

If a seller will allow you visit them at their home… GO!

Because…

You Don’t Know if You Don’t Go!
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 Rob Caldwell is a Development Agent with HomeVestors® of America and is based in Lake Lure, North Carolina. Rob’s role is to recruit, train and support HomeVestors franchise offices in North and South Carolina. Since 2004 Rob has bought 100’s of houses through the “We Buy Ugly Houses®” franchise system. If you are interested in a HomeVestors franchise in the Carolinas, contact Rob today! Rob.Caldwell@homevestors.com or 828-625-5836.

Why I Joined HomeVestors

Friday, April 8th, 2011

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By: Rob Caldwell

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

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

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

The power of the “We Buy Ugly Houses” brand.  I did not want to depend on a real estate broker to find me deals on MLS (where everyone sees the same thing).  I did not want to spend my time at the courthouse bidding (with everyone else) on foreclosures.  I wanted a direct relationship between me and the seller of a distressed home or ugly situation.  That’s exactly what I got, and that’s exactly why I will never do this business on my own.
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Rob Caldwell is a Development Agent with HomeVestors® of America and is based in Lake Lure, North Carolina. Rob’s role is to recruit, train and support HomeVestors franchise offices in North and South Carolina. Since 2004 Rob has bought more than 100 houses through the “We Buy Ugly Houses®” franchise system. If you are interested in a HomeVestors franchise in the Carolinas, contact Rob today! Rob.Caldwell@homevestors.com or 828-625-5836.