The Cavalry Is Coming

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Education & Training with Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals.

 

I'm pleased to announce the addition of two new assistants to enhance my Wenatchee real estate business.   Perci Owens, left, and Shelley Granger have both lived in Wenatchee for quite some time and are fun, smart, personable and care about doing a great job for our clients.  As we get our team organized, I will provide  contact information for Shelley & Perci... and I'll get a better picture posted too!

I've been so overwhelmed with business lately, burning the midnight oil has been the rule rather than the exception.  Max, remember me?  I'm your wife!  

Having landed two significant investment group accounts this year, it's time to bring in the Cavalry.

Welcome to Shelley and Perci.  I'm working on coming up with a "team" name.  Any ideas?

For current Wenatchee real estate news, info and trends, click here.

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"The best way to predict the future is to create it!"
- Peter Drucker

"Information is FREE. Knowledge, Experience & Integrity Are Priceless."

-Carol Williams

Retired: Real Estate Broker/Owner, Property Manager 
Coaching, goal setting and marketing consultant by appt.

Active: Golf & Travel Blogger
"Golf isn't a sport. It's a lifestyle."
SeniorWomenGolfers.com
TopTeamCarol@gmail.com


 

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Rainmaker
39,905
Concetta Pepenella-Timmons
Remax Metro Staten Island, New York - Staten Island, NY
Associate Broker

What is an investment Group account? A rental property to manage or scout for property to purchase or sell?  Or neither mentioned?

 

Dec 18, 2006 08:51 PM #1
Rainmaker
339,812
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Carol - Congratulations on how your business has grown!!  No suggestions for a team name for you, just wanted to say congrats!!

Ann

Dec 18, 2006 09:08 PM #2
Rainmaker
1,309,416
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Connie,
One investment group buys properties to lease back to credit challenged people... offering credit counseling so they can buy the home within two years.  I am the exclusive agent in my market for these purchases.  We are doing about 2 homes per month now, but hope to build to 5-6 homes per month next year.  

The other group is a HUGE network of investors that buy SFH for long term hold.  These homes are used as rentals.  Wenatchee is an area of strong growth and appreciation, so we are an area of great interest to investors from all over the nation.   Some markets are selling as many as 50 homes per month to investors within this group.   Again, I am the exclusive agent for this market area.   A big responsibility.

 

Dec 19, 2006 12:25 PM #3
Rainmaker
1,309,416
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager
Ann... thanks for stopping by.  We're thinking about some name to play on the www theme (Wireless Women of Wenatchee)???
Dec 19, 2006 12:26 PM #4
Rainmaker
39,905
Concetta Pepenella-Timmons
Remax Metro Staten Island, New York - Staten Island, NY
Associate Broker
Okay, You are working as a buyer/investor broker for these investors.  Wouldn't it be easier for the investor to buy a multi family building rather than multiple single family properties? Less maintenance and upkeep?  Thank You for the insight. 
Dec 19, 2006 08:11 PM #5
Rainmaker
1,309,416
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager
One group has over 10,000 investors buying properties all across the country.  They are not buying as a group.  I am selling them single family residences, which they want for long term hold.  SFH are a better long term hold investment.  You're right about easier management and maintenance on a multi-plex, but not the best overall investment for long term appreciation.  Plus SFH are easier to finance with low downs, allowing them to buy more properties.  
Dec 20, 2006 02:56 AM #6
Rainmaker
39,905
Concetta Pepenella-Timmons
Remax Metro Staten Island, New York - Staten Island, NY
Associate Broker

Carol

Ok, I can see single family as a long term investment. Yes, Your right they do have better appreciation than multi family.  Does the rental income cover the mortgage and upkeep? What does a 1 Family 3 bedroom 2 bath house 1200 sq ft  sell for there and what would you collect for rent? Do the tenants pay for lawn care and utilities?

OR Do the investors look at the purchase as a buy and hold anticipate later year appreciation? No concern for income generation?

I hope you dont mind all the questions..... this is Active Rain after all....

Dec 20, 2006 09:55 AM #7
Rainmaker
1,309,416
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Connie,

A 1200 sf 3 bed, 2 bath would sell for around 200K.  Rent would be around $1200 a month.  No, the rent probably wouldn't cover, PITI... but they are just as interested in long term appreciation as cash flow or covering expenses.   Tenants in a single family home generally do the yard work and pay all utilities.  In an apartment water, sewer and garbage are usually paid by the landlord.   

Dec 20, 2006 11:45 AM #8
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Carol Williams

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