Yep. Toot toot for my wife Jennifer! She recently sold a house. There was a $10,000 builder incentive. The money could be used as a bonus to her or given to buyer as a price reduction or combination of the two. My wife gave the entire $10,000 incentive to her young first time military buyer. ...
Read more
Below is an example of a rental property my wife and recently made an offer for. I’m looking at three things: cash flow, cap rate, and cash-on-cash return. The spreadsheet is self-explanatory. Each situation is different. There is soooo much more to this. That’s why you need professional real estate experts. Contact Us. Let us ...
Read more
Leverage is the use of various financial instruments or borrowed capital to increase the return. How? If you put down 40%, finance the 60%, the rental income from the property should cover mortgage, insurance, taxes, HOA. Now, let’s assume you have $300,000 cash to buy a property. SO you buy it for cash. Your benefits ...
Read more
Many Realtors are scared to talk with an appraiser. It’s perfectly OK. Just don’t pressure s/he to go high or go low. In fact, we need to talk with Realtors! Because qualitative analysis is very important. Buyers are the primary decision-makers; they control sales based on their alternatives. Asking a seller how much they added ...
Read more
By John Caulfield Coming out of the recession, Raleigh-Durham, N.C., seemed to be one of those can’t-miss real estate markets. Its economy and demographics were exactly what builders, developers, and investors coveted in terms of potential growth. And competitive conditions seemed ripe for the picking. So the gold rush began, and aggressive construction of multifamily ...
Read more
There’s an old saying in real estate: Buyers are liars. I don’t personally think it’s true. I think it’s ignorance. Some buyers just don’t know what they don’t know. Case and point. My realtor wife is in her final GRI class since starting in February. The GRI is a respected designation for realtors. So she’s ...
Read more