cash flow investment property: Real Estate, Where are We? Investment Property - Buyer’s Market
- 01/03/10 02:43 AM
When it comes to real estate the general sentiment appears to be that of putting 2009 in the past and looking forward to a brighter 2010. Looking at where we are and where we are headed as far as real estate goes will take us from the present into the future. Currently home values are affordable, because prices are low and interest rates are low. Both of these low levels add up to the fact that it is a great time to be a buyer when it comes to real estate. Plus, the extension of the $ 8,000 tax credit for first … (0 comments)
cash flow 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)
Let me take you through one of our recent properties that we've wholesaled to an investor, and maybe you get a perspective on how you can recoup all of your money invested in a deal and have positive cash flow every month. And plus there's a little added twist to this story in the end. This was a home in "HOT South Philly". It was a typical Philly row home. The ARV (After Repair Value) for this property, was at $ 110,000. Recently banks have been pushing down their appraisal numbers, so we try to stay conservative. We … (0 comments)
cash flow investment property: University City Expansion Future Higher Real Estate Values
- 05/06/09 03:56 AM
Ask anyone who hasn't been back in University City and West Philadelphia in the last 15 to 20 years, and they'll be pleasantly surprised of the ongoing changes taking place in that part of the city. But, "you ain't seen nothin' yet". Just take a quick glance at the map above and check out Univ. of Penn's Penn Connects website, and see the multi-billion dollar changes that are under way now and will be for the next several years. What does this mean for the real estate investor looking for cash flow and appreciation? Plenty. As the various colleges and … (0 comments)
cash flow 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)
When it comes to real estate the general sentiment appears to be that of putting 2009 in the past and looking forward to a brighter 2010. Looking at where we are and where we are headed as far as real estate goes will take us from the present into the future. Currently home values are affordable, because prices are low and interest rates are low. Both of these low levels add up to the fact that it is a great time to be a buyer when it comes to real estate.
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