Warren Buffet, the billionaire investor and CEO of Berkshire Hathaway was interviewed recently on CNBC and stated that single-family homes are an attractive investment.  His recommendation currently is to purchase real estate rather than stocks.  The Huckaby Briscoe Conroy Realty Group has recently had great success with helping clients to invest in real estate. 

One such scenario was the purchase of a town home in McLean in order to keep as a rental property.  The client stated to Karen Briscoe that their money was not earning good yields being kept in the bank and decided to become a real estate investor.  The purchase was in a neighborhood that the client was very familiar with, close by to where they currently live.  Our analysis on the rental market for that subdivision showed that units rented very quickly at a strong market value.  In fact, the HBC Realty Group had the property rented prior to the sign even going up!  The next door neighbor to the unit saw the unit had sold and that the HBC Realty Group was representing the Purchaser of the property and contacted us saying they had a friend wanting to rent in the neighborhood.

Another scenario was the purchase of a row house in Washington, DC for a company that buys property, improves it and then sells it.  This situation is similar to the realty TV shows where contractors go in and in a matter of days remake a house.  Lizzy Conroy, who is licensed in DC, analyzed market segments to determine where the best upside potential was located.  Clearly there is great demand for doing quick rehabs as the investor lost out on a few opportunities.  The perseverance of Lizzy Conroy paid off because they found a property in an up and coming neighborhood and were the first buyer to submit, so the investors offer was accepted.  After settlement, the contractors went to work and transformed the place in 2 weeks time!  The expert photography of HBC Realty Group marketing illustrated how the home was transformed.  An offer was made and agreed to in a matter of 7 days for the resale of the home – that meant success and money made for the investor working with HBC Realty Group.   The investor was so pleased with the job well done that he decided to work with Lizzy Conroy on another project. 

A third scenario is the investor that has a larger appetite, either for commercial properties or making a block purchase of residential real estate.  The HBC Realty Group can assist in those endeavors as well.  Bill Detty and George Lodge are both active members of the Keller Williams Commercial division.

The Huckaby Briscoe Conroy Realty Group boasts experienced Realtors ® in the Northern Virginia, Washington DC and Maryland market places and would be delighted to assist in all matters of buying and selling real estate.  The Huckaby Briscoe Group was recognized in September 2011 as one of the Wall Street Journal Top Real Estate Teams in the United States.  Please contact via the means most convenient for you:  www.HBCRealtyGroup.com, 703-734-0192, Homes@HBCRealtyGroup.com.

 

3 Comments on Invest in Real Estate

MAR
07
2012
759,076 Points 13 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp

I do believe that it is still a great time to invest in Real Estate. But I think in the next 12 to 18 months the window will close as prices rise
8:48am • #1
465,900 Points 50 Featured Posts Called Shot Master

Karen, it may be getting late for investors. I know many who bought in the last year or so and have gotten some great deals. This year it looks like inventory will be low and that means competition will be high on the homes investors are targeting.
8:57am • #2

Many "traditional" investment advisors still shy away from suggesting Real Estate as a viable option for their clients and I believe that it is because there is less money in it for them via setting up REITs and self-directed IRAs over more traditional stocks and such. It is not easy to convince the average person with cash to invest that this is the way to go, since there is still such a perceived greater risk. Partnering with someone who knows what they are doing is important! Taking advantage of even a small cash flow now should pay great dividends later in the form of appreciating value if you are in an area that has "reached the bottom" or on the slight rise. In Northern Michigan, rents are definately rising and demand is increasing and from what I have studied, this is the case in most areas due to a multitude of factors. My advice:  Investors are well advised to take advantage now rather than kicking themselves later.  
9:00am • #3


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