What a great workshop on Saturday, January 29, 2010 in Las Vegas.
We discussed fitting the puzzle pieces together in order to invest in real estate.
We heard from a CPA and a loan officer and asked the hard questions.
The agenda
How to create a business Plan for investing
How to stay committed to your plan
What is the definition of KASH and how to implement in your business plan?
How to any analyze property
How the buying/loan process works
How does the escrow process works
To receive the information contact Dawn (702) 236-6266
Monday, January 31, 2011
Monday, January 10, 2011
Monday, January 3, 2011
Better Than Expected!
Existing Home Sales - Stable Pricing, Better than Expected Sales
The third quarter gave us an opportunity to see the effects of both slow bank-owned (REO) additions to the market as well as the effect of the homebuyer tax credit (there were three versions). As a result of these factors, demand was pulled forward,
essentially borrowing sales from the future.
In terms of the housing tax credit’s effect on pricing, we observed a temporary bump in the prices of homes on the lower end of the spectrum. Nationally, research has shown that the third version generated an approximate 6.4% growth above trend (FNC,
2010). Our research has demonstrated that locally, prices on large homes (typically greater than 2,000 sq. ft.) did not experience an increase in prices, but more of a slowing of price declines.
The second half of 2009 and early 2010 was a vibrant period, with multiple offers on well-priced homes becoming commonplace. The post-tax credit season has included moderating sales, but has been outperforming our own expectations in the third
quarter.
Potential homebuyers had been craving more inventory, and the third quarter experienced additional inventory due to a combination of moderating sales
and more new placements on the market. This turned into a benefit for home buyers by helping to decrease their search time. With the increase in inventory we have observed a rise in the number days on market. This has yet to manifest itself in a resulting decline in prices for the bulk of homes sold; some housing types continue to see declines, but this is not symmetric for the whole market.
There is some pressure on home prices, but it is moderated by investors recognizing the long-term potentials of the market, as well as the cash flow opportunities yielded by rental properties. The bottom line for a great deal of buyers is that buying is less expensive than renting. This fact is further substantiated by the observed returns from homes sold with tenants in place, where investors have been able to achieve un-leveraged returns in the high single digits and often double digits.
Recognizing these returns, investors have made up a great proportion of our sales, possibly up to fifty percent. This is not the ideal speculator we saw in the past, but rather a majority of investors we encounter have a long-term hold strategy. This has been very beneficial for the marketplace.
The third quarter gave us an opportunity to see the effects of both slow bank-owned (REO) additions to the market as well as the effect of the homebuyer tax credit (there were three versions). As a result of these factors, demand was pulled forward,
essentially borrowing sales from the future.
In terms of the housing tax credit’s effect on pricing, we observed a temporary bump in the prices of homes on the lower end of the spectrum. Nationally, research has shown that the third version generated an approximate 6.4% growth above trend (FNC,
2010). Our research has demonstrated that locally, prices on large homes (typically greater than 2,000 sq. ft.) did not experience an increase in prices, but more of a slowing of price declines.
The second half of 2009 and early 2010 was a vibrant period, with multiple offers on well-priced homes becoming commonplace. The post-tax credit season has included moderating sales, but has been outperforming our own expectations in the third
quarter.
Potential homebuyers had been craving more inventory, and the third quarter experienced additional inventory due to a combination of moderating sales
and more new placements on the market. This turned into a benefit for home buyers by helping to decrease their search time. With the increase in inventory we have observed a rise in the number days on market. This has yet to manifest itself in a resulting decline in prices for the bulk of homes sold; some housing types continue to see declines, but this is not symmetric for the whole market.
There is some pressure on home prices, but it is moderated by investors recognizing the long-term potentials of the market, as well as the cash flow opportunities yielded by rental properties. The bottom line for a great deal of buyers is that buying is less expensive than renting. This fact is further substantiated by the observed returns from homes sold with tenants in place, where investors have been able to achieve un-leveraged returns in the high single digits and often double digits.
Recognizing these returns, investors have made up a great proportion of our sales, possibly up to fifty percent. This is not the ideal speculator we saw in the past, but rather a majority of investors we encounter have a long-term hold strategy. This has been very beneficial for the marketplace.
Welcome 2011
I hope you all had a Safe New Years Day. Its time to get back into the groove.
There is no better way to start 2011 than to begin with supplying your retirement; Real Estate Investing is a sure fire way to do just that.
Las Vegas is the hottest market! With prices as low as they are along with interest rates at the lowest they have been since 1950.
There are properties that you can purchase for $20,000. Rent it out for $500.00 a month. If you had 10 properties that would be $5,000 a month, now. Now lets discuss 10, 15, 20 years from now. Inflation..... at 3.5% a year, you would be charging $800 to $1,000 a month. Calculate that, $1,000 a month times 10 properties that would be $10,000 a month. Thats a nice nest egg, not to mentioned that tax deductions too. Check my website out, www.sharebuildersinc.com or just call to set up an appointment, (702) 236-6266
There is no better way to start 2011 than to begin with supplying your retirement; Real Estate Investing is a sure fire way to do just that.
Las Vegas is the hottest market! With prices as low as they are along with interest rates at the lowest they have been since 1950.
There are properties that you can purchase for $20,000. Rent it out for $500.00 a month. If you had 10 properties that would be $5,000 a month, now. Now lets discuss 10, 15, 20 years from now. Inflation..... at 3.5% a year, you would be charging $800 to $1,000 a month. Calculate that, $1,000 a month times 10 properties that would be $10,000 a month. Thats a nice nest egg, not to mentioned that tax deductions too. Check my website out, www.sharebuildersinc.com or just call to set up an appointment, (702) 236-6266
Tuesday, November 30, 2010
Real Estate Buzz.....
Bank of America, the nation’s largest mortgage service company since acquiring Countrywide in 2008, announced that they will resume foreclosing on homes Wednesday, December 1st. This comes after the banking giant self-imposed a foreclosure moratorium in the wake of the “robo-signing” scandal that received wide spread media attention in 2009. While this news is undoubtedly another blow to beleaguered homeowners, it comes none too soon for investors looking to purchase post foreclosure properties. In the final quarter of 2010, investors have found slim pickings at Trustees’ Sale auctions across the country.
Fannie Mae and Freddie Mac also made an announcement on November 24th that they will resume the auction sale of homes that have loans serviced by Bank of America, Chase, PNC Financial and others.
The last several years have seen several cessations and moratoriums on foreclosure proceedings that have caused the pool of available investment properties to dry up until the next wave of foreclosures begins. Many agents have struggled during these times to find suitable properties for their clients. My unique approach to securing homes for my investor/clients has insured that we at Share Builders Inc/The Force Realty have actually thrived during these past several years of market flux.
Fannie Mae and Freddie Mac also made an announcement on November 24th that they will resume the auction sale of homes that have loans serviced by Bank of America, Chase, PNC Financial and others.
Fannie Mae and Freddie Mac also made an announcement on November 24th that they will resume the auction sale of homes that have loans serviced by Bank of America, Chase, PNC Financial and others.
The last several years have seen several cessations and moratoriums on foreclosure proceedings that have caused the pool of available investment properties to dry up until the next wave of foreclosures begins. Many agents have struggled during these times to find suitable properties for their clients. My unique approach to securing homes for my investor/clients has insured that we at Share Builders Inc/The Force Realty have actually thrived during these past several years of market flux.
Fannie Mae and Freddie Mac also made an announcement on November 24th that they will resume the auction sale of homes that have loans serviced by Bank of America, Chase, PNC Financial and others.
Tuesday, November 16, 2010
10 Overvalued Global Real Estate Markets
10 overvalued global housing markets
I found a great article about the real estate market globally. Take a look by clicking the link below.....
U.S. market considered 'fairly valued'
BY INMAN NEWS, THURSDAY, OCTOBER 28, 2010
http://www.inman.com/news/2010/10/28/10-overvalued-global-housing-markets
I found a great article about the real estate market globally. Take a look by clicking the link below.....
U.S. market considered 'fairly valued'
BY INMAN NEWS, THURSDAY, OCTOBER 28, 2010
http://www.inman.com/news/2010/10/28/10-overvalued-global-housing-markets
Thursday, November 11, 2010
Short Sales vs Foreclosures
I have recently had a few people that I have been talking to about short sales over the past several months come to me with great urgency for help.
Both just had foreclosure (NOD) notices taped to their door, which signifies the start of the formal foreclosure process.
The foreclosure process takes about 121 days to complete before the bank can sell your house at the trustee sale.
A typical short sale can take 2-4 months from the start of processing, but that is under the most ideal circumstances and I am sure most of you have heard that things rarely go smooth during these transactions. That being said, it is not necessarily too late but it definitely does limit our choices and makes things tougher.
Banks have started to get stricter on foreclosure postponements during short sale processing so the longer you wait to start the short sale (if that is the best decision for you) the less chance of success we will have because we have little room for error (or losing a buyer, or changing negotiators, etc).
The main point of this email is to let you know that if you are considering your options on what to do with your home do not procrastinate!
Meet with the appropriate professionals (CPA, attorney, financial advisor, etc) and form a game plan sooner rather than later. It could mean the difference in a successful short sale with the best of outcomes (full release from the deficiency without contributions) to a foreclosure or possible bankruptcy (if sued by the bank). If you have any questions or want to meet for a confidential consultation about your options please email or call me.
They are always free. I am a very good source of real world information (aside from your uncle Joey in New York of course!).
Also, please forward this to anyone in your database that may appreciate the information!
Both just had foreclosure (NOD) notices taped to their door, which signifies the start of the formal foreclosure process.
The foreclosure process takes about 121 days to complete before the bank can sell your house at the trustee sale.
A typical short sale can take 2-4 months from the start of processing, but that is under the most ideal circumstances and I am sure most of you have heard that things rarely go smooth during these transactions. That being said, it is not necessarily too late but it definitely does limit our choices and makes things tougher.
Banks have started to get stricter on foreclosure postponements during short sale processing so the longer you wait to start the short sale (if that is the best decision for you) the less chance of success we will have because we have little room for error (or losing a buyer, or changing negotiators, etc).
The main point of this email is to let you know that if you are considering your options on what to do with your home do not procrastinate!
Meet with the appropriate professionals (CPA, attorney, financial advisor, etc) and form a game plan sooner rather than later. It could mean the difference in a successful short sale with the best of outcomes (full release from the deficiency without contributions) to a foreclosure or possible bankruptcy (if sued by the bank). If you have any questions or want to meet for a confidential consultation about your options please email or call me.
They are always free. I am a very good source of real world information (aside from your uncle Joey in New York of course!).
Also, please forward this to anyone in your database that may appreciate the information!
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