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Is Now The Right Time To Buy Rental Property?

The last year or so has seen the real estate market in general start to really heat up. The Chattanooga market recently saw year over year gains in the double digits-a big move for a market like this one. Rents are up. Vacancies are down. Days On Market (a metric measuring the average number of days it takes to sell a house) have been cut nearly in half. There are many other factors we could illustrate, but we think you get the point. So what does this mean for you as an investor? More than likely it means it's harder to find a good deal. It also means you most likely pay more for the deal you do find. The question then becomes should you make the purchase? The answer, [...]

By |2016-04-05T20:30:57+00:00April 5th, 2016|Featured, Owners|Comments Off on Is Now The Right Time To Buy Rental Property?

5 Questions To Ask Your Potential Property Manager

Do you own property in Chattanooga?  Are you interested in renting it out, but need someone to help manage the marketing, tenant screening, maintenance, rent collection, etc...  Whether you are providing the perfect apartment, an amazing condo, or a wonderful house for a family... there are several questions you need to ask before signing an agreement with a Property Manager! Never let the thought of simply having a local property management company be enough to win you over. Whether you are planning to lease your property for months or years, it's critical for you to ensure you have all of the right services available to you.  Not all property management companies or property managers are equal.  So, it is critical that you have all the information you need BEFORE handing over your keys!  The additional [...]

By |2016-01-13T10:43:58+00:00April 4th, 2015|Blog, Featured, Owners, Property Management|Comments Off on 5 Questions To Ask Your Potential Property Manager

The “Real Estate Investing Is Passive” Myth

No doubt many (if not most) of you have seen the ads on TV or radio offered by any number of real estate gurus.  They are advertising vast riches and wealth if you only buy their courses and get into real estate investing. A big part of that pitch is that real estate investing is something you can do in your spare time and that it is passive investing for the most part. The first part of the preceding sentence bears a lot of truth but the second part does not. The reason it gets thrown around so much is because it makes the pitch sound that much better, and thus easier to sell. Before we go much further it bears exploring what passive investing actually is. From Merriem-Webster's online [...]

By |2015-02-24T03:20:39+00:00February 24th, 2015|Blog, Featured, Owners|Comments Off on The “Real Estate Investing Is Passive” Myth

What Is The Right House For You?

Many real estate investors have a particular niche. Investing in single family homes is no different. There are different niches within even that space. While homes range in prices across all spectrums, we'll focus on investment properties that typically sell in the $20,000-$30,000 range vs those that sell for right around $100,000.(As a caveat, these numbers will obviously vary widely depending on the market). As a new investor, there is definitely an attraction to the paper returns offered by the lower priced house. The cost of entry is much lower obviously, and the ROI's often pencil out to +20% (which for an all cash investment is very enticing.) Generally speaking, however, there is usually a good reason why the property was so cheap in the first place. Homes that sell in that [...]

By |2015-02-24T03:24:36+00:00February 21st, 2015|Blog, Featured, Owners|Comments Off on What Is The Right House For You?

Renting vs. Buying: Which makes more sense?

Owning your own home has long been sold as the American dream. Of course, the ones selling that dream have often been lenders, home builders, and governments who often stand to benefit when you buy a house in the first place. The purpose of this article is not to make a case for either or, but rather to illustrate all the costs associated with each so as to (hopefully) better inform you, the consumer, in your decision making process. Renting a House Pros: Cost: Rent is generally much cheaper in more expensive markets than the cost of a mortgage, taxes, and insurance (PITI). Maintenance: Maintenance is provided by a third party.  (If your roof needs to be replaced you're not on the hook for the bill. ) Time: Less of [...]

By |2015-02-17T17:33:43+00:00February 17th, 2015|Blog, Featured, Tenants|Comments Off on Renting vs. Buying: Which makes more sense?

Is Real Estate Investing for You?

There are all types of investments in this day and age. One of the most often touted for creating millionaires around the world however is real estate investing. Even in the field of real estate there are several different investment styles. Each style involves varying degrees of risk on behalf of the investor. If careful consideration is taken there is a type of real estate investment that is best for most people though there are some that real estate will never be a good investment for. Those who are simply not cut out for real estate investing are those who love to watch the ticker roll across the computer monitor or television screen indicating the worth of their portfolios on a daily basis. Those who need to see in print [...]

By |2015-02-12T02:56:32+00:00February 12th, 2015|Blog, Featured, Property Management|Comments Off on Is Real Estate Investing for You?

Is an Inspection Really Necessary?

One question that seems to be commonly asked among those who are interested in real estate investment, particularly in flipping properties, is whether or not a real estate inspection is really necessary. The long and short answer to that question is absolutely and I will do my best to explain exactly why this is so. First of all, a real estate inspection is the act of having a qualified (and in many states, licensed) professional take a look around the property you are considering and informing you of obvious and potential damage or problems with the property. This is not something you want your uncle Bob doing, unless of course, good old uncle Bob has had the training and experience to know what to look for in an inspection and [...]

By |2015-02-12T02:51:47+00:00February 12th, 2015|Blog, Featured, Property Management|Comments Off on Is an Inspection Really Necessary?

Investing In Home Foreclosures For Sale – Tips For Saving Money

There are more and more reports and studies about the rising amount of home foreclosures for sale. These appeal to both investors and individuals who are looking for more houses that they can afford. After the collapse of the housing market, the resulting decline in prices of all homes, foreclosed or not, has made the market even more appealing for buyers, experienced and novice alike. Experienced investors are very busy right now and trying to gobble up as much of the best deals on these properties that they can. It's not at all unheard of to buy one of these properties at 50% below market value and then do the repairs necessary to resell it just a few months later for the actual market value. But in order to make [...]

By |2015-02-12T02:46:42+00:00February 12th, 2015|Blog, Featured, Owners|Comments Off on Investing In Home Foreclosures For Sale – Tips For Saving Money

How to Find a Good Real Estate Investment Property

There are many ways in which you can find a great property for your real estate investment. The problem lies in the fact that many would be investors aren't exactly certain what specific types of investment they wish to make. Unfortunately, the type of investing will greatly affect the type of property that will best suit your real estate needs. This article focuses on finding a great property for the purpose of flipping or rehabbing a property. Seek Bargains This is absolutely a necessary step when it comes to finding properties with excellent potential as flipped properties. Bargains are often sold at bargain prices for a reason. The good news is that many of these reasons are purely cosmetic and quite simple to fix. Finding a realtor that is willing [...]

By |2015-02-12T02:43:22+00:00February 12th, 2015|Blog, Featured, Property Management|Comments Off on How to Find a Good Real Estate Investment Property

Are You Committed to Your Real Estate Investment?

There are many questions that should be asked before embarking upon a career of real estate investment. The first and foremost question however should be whether or not you are truly committed to making real estate work for you. This is not a business for the faint of heart. In order to truly turn a profit you must be at times ruthless when dealing with buyers and sellers but ethical to a fault when it comes to the work that must often be done in order to get a property in sellable condition. The reason a serious commitment is needed in order to make real estate work for you is simple. There will be ups and downs along the way. The stock market experiences rises and falls on a regular [...]

By |2015-02-12T02:45:39+00:00February 12th, 2015|Blog, Featured, Owners|Comments Off on Are You Committed to Your Real Estate Investment?
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