investment property: Global Upheaval Equals Low Mortgage Rates
- 06/01/10 10:07 AM
The upheaval of the global financial market has produced one positive side effect: historically low mortgage interest rates. For the past year or so we have been hearing about historically low interest rates, repeatedly being told that the rates are the lowest that they have been in 30 years, since the tracking of interest rates began. This week the headlines have been blaring the same news again, with interest rates even lower than they were the last time that they were at 30 year lows just a few months ago. Currently a 30 year fixed rate mortgage can be locked in … (0 comments)
investment property: Thinking About Using Tax Credit Toward Buying Real Estate? Act Fast!
- 04/16/10 12:57 AM
you are thinking about using the extended and expanded home buyer tax credit to purchase a home this year you better act fast. The tax credit can be used on homes purchased by July 1, 2010, but the homes must be under contract by April 30, 2010. What does this mean? You have a little more than a month to locate your new home. The tax credit is for two types of buyers, first time home buyers (home buyers who have not owned a home in the past 3 years) or home owners who have lived in their home for 5 … (0 comments)
investment property: Understanding After Repair Value (ARV) in Real Estate Investments
- 02/16/10 02:53 AM
In today's real estate market, property investors look at specific ARV as the end-goal that their investment property must reach. However, in the last few years, it seems that this "ARV goal post" was in constant movement. How do you reach a goal when they keep moving the goal posts? 2008 and 2009 were frustrating years. As market values started to slide, the ARV that you've determined today would not hold by the time you acquire your property and had it rehabbed. That $120,000 ARV that you've correctly determined in December, was no longer valid according to the bank by the … (1 comments)
investment property: Flipping An Investment Property? An Inspection Can Make or Break Your Deal
- 01/25/10 06:20 AM
Be prepared for what a home inspection might reveal when selling your home Since the start of the $ 8,000 tax credit and its extension to the end of April 201o, the flipping market has quite popular in the Philadelphia area. Some realtors and other investors that I've talked to over the past few weeks, have expressed that first time home buyers that are qualified for the tax credit, are finding it difficult to find desirable properties. It's that home price range between $ 80,000 and $ 200,000 where buyers are seeking homes that they would like to move into … (0 comments)
investment property: USA’s Hottest Real Estate Zip Codes - Philadelphia has #2 & #3
- 11/18/09 06:52 AM
Well, finally something that's been touted here at this blog site for several years is proving to be true, although it comes to no surprise for those of us seeking, wholesaling and purchasing cash flow real estate investments in Philadelphia and the region. Based on a Zillow "Home Value Index", a slideshow released last week on CNBC's website has two Philly zip codes coming in at second and third place in the U.S. Philadelphia homes in the South Philly zip code of 19145 (# 2) has seen a "year-over-year price growth of 19.1%", while the zip code of 19148 (#3) has seen … (2 comments)
investment property: Anatomy of a Short Sale - Philadelphia Market (or anywhere)
- 10/13/09 01:37 AM
A short sale is the selling of property to avoid foreclosure, the catch being that the property is being sold for less than the amount owed on it. What makes a short sale tricky is that the sale price is not up to the seller, the lender has to agree to the purchase price. The home owner isn't walking away with any money at closing in the case of a short sale so he doesn't care if the home sells for a dollar, the bank's involvement is to reduce their loss as much as possible and the buyer just wants a … (0 comments)
investment property: Refinance Sources for Your Real Estate Property Investment
- 06/29/09 01:25 AM
Buy the investment property way below the ARV - or After Repair Value - rehab it, find a tenant, go to a financial source to recoup all the money aquiring and rehabbing the property. If you did your homework correctly, the tenant's rent should pay all of your monthly expenses and you should be making a positive cash flow every month. Your tenant's rent is paying your mortgage from your refinance and now you seek your next real estate investment property. Sounds simple - real estate gurus charge would be investors thousands of dollars teaching the details and to … (0 comments)
investment property: Investors Keep Buying Real Estate - Are You Missing Out?
- 04/15/09 02:13 AM
Why does this happen? In the stock market - most people buy high and sell low and they lose money. Common sense would tell you to buy high and sell low = make money. Well, shouldn't that same principal apply in buying real estate investments? For the smart Philadelphia and nationwide property investor, it has. According to an April 6, 2009 article on Direct Investor News, "Homes that were purchased for investment were counted among strongest segments of real estate in the year 2008″. We've seen the number of Philadelphia real estate investments we've wholesaled increase last year. People see a … (0 comments)
investment property: Philadelphia Real Estate Investment Enhanced by Infrastructure Funds
- 03/12/09 08:24 AM
$211 million - that's the number that will go to urban areas of over 200,000 population in Pennsylvania from the $27 billion Federal stimulus funds. $ 30 million is for mandatory "transportation enhancements", which include projects such as sidewalk repairs, bicycle paths and beautification projects, according to a Philadelphia Business Journal article. As the article states, these projects "don't involve vehicle or mass transit related items". As we seek investment properties, we have seen the resurfacing of streets and repaving of sidewalks already. These projects have been attractive to property investors looking in Philadelphia for the past several years and add to a … (0 comments)
The upheaval of the global financial market has produced one positive side effect: historically low mortgage interest rates. For the past year or so we have been hearing about historically low interest rates, repeatedly being told that the rates are the lowest that they have been in 30 years, since the tracking of interest rates began. This week the headlines have been blaring the same news again, with interest rates even lower than they were the last time that they were at 30 year lows just a few months ago.
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