Football coach, Jonathan Ramsey stumbled across a Free Real Estate Investing Report that has helped him acquire 4 properties in less than a month with more than $95,000 of equity in the properties.
According to Ramsey, "Within one week of ordering the free report, I had 4 properties under contract that will total $600 of cash flow each month. Plus I have locked in an average of $10,000 to $12,000 in profit per property. I have never seen an investment opportunity like this before. Residual Income for Life allows me to work part-time in my business while keeping my full time job as a football coach. The last thing I want to do is to spend my evenings and weekends fixing toilets, changing locks, or painting, and on this program I don't have to."
To order my FREE SPECIAL REPORT E-MAIL ME AT ebrown@streetvestor.com.
Showing posts with label investing in real estate. Show all posts
Showing posts with label investing in real estate. Show all posts
Friday, June 29, 2007
Why Mississippi Real Estate is HOT!!!
Why Invest In Mississippi? http://www.mississippibelieveit.com/
Three quick reasons. The huge number of available foreclosures, the amazing tax incentives in the aftermath of Hurricane Katrina, and the huge opportunities brought on by the sub-prime meltdown.
In addition, it is because the numbers work. At Streetvestor we focus on the Capitol City of Jackson, the state's largest city and the surrounding metro area. The rents relative to the value of the homes are very high compared to other areas of the country.
The population of the Jackson metro area is over 500,000 people, about 195,457 live in Jackson proper, and the balance in the suburbs.
The Jackson median single-family home price is $80,761. The state median is $71,067. This means Jackson is one of the least expensive metropolitan housing areas in the nation. Property taxes are also relatively low. The average age of homes in Jackson is 35, compared to the national average of 38. Jackson is a strong rental market, 42% of the homes are rentals.
According to the National Association of Realtors, Jackson saw single-family home appreciation of 8.9% year-over- year at the end of Q3 2006 (compared to -1.2% for the rest of the US), placing it in the top 15th percentile of metro areas in the U.S. Jackson is ranked as the 9th most undervalued metro region in the U.S., placing it in the top 3% out of 317 metro areas, according to the March 2007 Housing Valuation Report by National City Corporation.
In 2006, Jackson was named of America's Top 30 Livable Communities by Partners for Livable Communities.
Despite the low housing prices, rents, relatively speaking, are much higher. According to HUD statistics, the 50th percentile rent for a 3-bedroom dwelling in 2006 was $826 per month. This makes Jackson one of the best areas in the country for positive cash flowing rental properties.
The economics in Jackson are clearly favorable for real estate investments. The key to investing in Jackson lies in careful selection of the investment company, working with that company to select homes in the right locations and neighborhoods, and carefully selecting tenants and property managers.
At Streetvestor LLC, we are experts in the area, we perform the due diligence on behalf of our investors to get the right homes with the right rehab and the right tenants to earn safer, superior returns on investment. I have personally owned over 75 rentals in this market and we have done over 400 deals in the Jackson Metro Area, working with investors from all across America, providing turnkey keeper rental properties.
Out of Disaster Comes Opportunity!
Hurricane Katrina and the Sub Prime Lending Meltdown -
On August 29, 2005, the states of Mississippi, Louisiana, and Alabama suffered widespread damage as a result of Hurricane Katrina, a natural disaster of unprecedented proportion.
The "Clarion Ledger", the state's newspaper, reported that 70,000 homes were completely destroyed and 65,000 homes had "significant damage" just in the lower six counties that make up the state's Coast region. These loses are staggering, especially when you consider the maximum number of homes ever built in this region in one year is 2,800.
On December 21, 2005 President Bush signed into law the Gulf Opportunity Act of 2005. This law commonly referred to as the "Go Zone" provides unprecedented economic and tax benefits to those areas hit hardest in Mississippi, Louisiana, and Alabama. The legislation provides HUGE incentives to investors building or buying new construction in these areas.
Katrina devastated the coastal areas of Mississippi, causing widespread wind and water damage related to the storm surge. Most of the southern half of the state was affected by Katrina, with the damage lessening farther north. Jackson, located 150 miles inland, suffered relatively minor damage compared to the coastal areas.
Manyy people displaced by Katrina moved to Jackson, further driving up home prices and rents.
Despite suffering only moderate damage, Hinds and Rankin counties (the Jackson metro area) were declared Gulf Opportunity Zone ("GO Zone") counties, meaning that the federal government has offered special tax incentives, the most attractive to real estate investors being "50% bonus depreciation", to investors who are helping to rebuild the areas affected by Katrina. Go to www.browndogproperties.com and click on Go Zone, to order your special report dicussing opportunities in the Go Zone.
Sub Prime Lending/Foreclosures
The Good Old Days for Buying Investment Property Are Now!!
According to the Friday, June 15, 2007 issue of USA Today (click on link), http://www.usatoday.com/money/economy/housing/2007-06-14-subprime-foreclosures_N.htm, Mississippi leads the nation in sub prime adjustable rate mortgage in default.
This means that there are HUGE buying opportunities here in this market. Foreclosures and pre-foreclosures are plentiful.
When you couple the strong demand for rental property and the relative high rents, with the ability to buy at well below market value, you have the perfect storm of real estate investing.
At Brown Dog, we offer the property, the financing, the rehab, the property management and the relationships you can trust.
Contact me today about investing in Mississippi!
Caleb Dismuke
601-502-7040
middleman@browndogproperties.com
Three quick reasons. The huge number of available foreclosures, the amazing tax incentives in the aftermath of Hurricane Katrina, and the huge opportunities brought on by the sub-prime meltdown.
In addition, it is because the numbers work. At Streetvestor we focus on the Capitol City of Jackson, the state's largest city and the surrounding metro area. The rents relative to the value of the homes are very high compared to other areas of the country.
The population of the Jackson metro area is over 500,000 people, about 195,457 live in Jackson proper, and the balance in the suburbs.
The Jackson median single-family home price is $80,761. The state median is $71,067. This means Jackson is one of the least expensive metropolitan housing areas in the nation. Property taxes are also relatively low. The average age of homes in Jackson is 35, compared to the national average of 38. Jackson is a strong rental market, 42% of the homes are rentals.
According to the National Association of Realtors, Jackson saw single-family home appreciation of 8.9% year-over- year at the end of Q3 2006 (compared to -1.2% for the rest of the US), placing it in the top 15th percentile of metro areas in the U.S. Jackson is ranked as the 9th most undervalued metro region in the U.S., placing it in the top 3% out of 317 metro areas, according to the March 2007 Housing Valuation Report by National City Corporation.
In 2006, Jackson was named of America's Top 30 Livable Communities by Partners for Livable Communities.
Despite the low housing prices, rents, relatively speaking, are much higher. According to HUD statistics, the 50th percentile rent for a 3-bedroom dwelling in 2006 was $826 per month. This makes Jackson one of the best areas in the country for positive cash flowing rental properties.
The economics in Jackson are clearly favorable for real estate investments. The key to investing in Jackson lies in careful selection of the investment company, working with that company to select homes in the right locations and neighborhoods, and carefully selecting tenants and property managers.
At Streetvestor LLC, we are experts in the area, we perform the due diligence on behalf of our investors to get the right homes with the right rehab and the right tenants to earn safer, superior returns on investment. I have personally owned over 75 rentals in this market and we have done over 400 deals in the Jackson Metro Area, working with investors from all across America, providing turnkey keeper rental properties.
Out of Disaster Comes Opportunity!
Hurricane Katrina and the Sub Prime Lending Meltdown -
On August 29, 2005, the states of Mississippi, Louisiana, and Alabama suffered widespread damage as a result of Hurricane Katrina, a natural disaster of unprecedented proportion.
The "Clarion Ledger", the state's newspaper, reported that 70,000 homes were completely destroyed and 65,000 homes had "significant damage" just in the lower six counties that make up the state's Coast region. These loses are staggering, especially when you consider the maximum number of homes ever built in this region in one year is 2,800.
On December 21, 2005 President Bush signed into law the Gulf Opportunity Act of 2005. This law commonly referred to as the "Go Zone" provides unprecedented economic and tax benefits to those areas hit hardest in Mississippi, Louisiana, and Alabama. The legislation provides HUGE incentives to investors building or buying new construction in these areas.
Katrina devastated the coastal areas of Mississippi, causing widespread wind and water damage related to the storm surge. Most of the southern half of the state was affected by Katrina, with the damage lessening farther north. Jackson, located 150 miles inland, suffered relatively minor damage compared to the coastal areas.
Manyy people displaced by Katrina moved to Jackson, further driving up home prices and rents.
Despite suffering only moderate damage, Hinds and Rankin counties (the Jackson metro area) were declared Gulf Opportunity Zone ("GO Zone") counties, meaning that the federal government has offered special tax incentives, the most attractive to real estate investors being "50% bonus depreciation", to investors who are helping to rebuild the areas affected by Katrina. Go to www.browndogproperties.com and click on Go Zone, to order your special report dicussing opportunities in the Go Zone.
Sub Prime Lending/Foreclosures
The Good Old Days for Buying Investment Property Are Now!!
According to the Friday, June 15, 2007 issue of USA Today (click on link), http://www.usatoday.com/money/economy/housing/2007-06-14-subprime-foreclosures_N.htm, Mississippi leads the nation in sub prime adjustable rate mortgage in default.
This means that there are HUGE buying opportunities here in this market. Foreclosures and pre-foreclosures are plentiful.
When you couple the strong demand for rental property and the relative high rents, with the ability to buy at well below market value, you have the perfect storm of real estate investing.
At Brown Dog, we offer the property, the financing, the rehab, the property management and the relationships you can trust.
Contact me today about investing in Mississippi!
Caleb Dismuke
601-502-7040
middleman@browndogproperties.com
Wednesday, June 27, 2007
From Real Estate Journal Online
Students in Your Neighborhood:
Good or Bad for Property Values?
By June Fletcher
Question: I own a home right up the street from Central Connecticut State University and am concerned about the future of the community and real-estate values surrounding the university. My main concern is that people are buying single-family homes and not fixing them up, then renting them out to college students. In the long run, will my nice street turn into a slum? It scares me enough to think about moving to a new town or community. Should I stay or should I go?
-- Krista Tulisano, New Britain, Conn.
Krista: Those of us who've accumulated a bit of dust on our diplomas tend to idealize college towns. We remember the cozy brick faculty houses, the wrought-iron fences and the clambering ivy; we forget the unpainted shutters, the broken beer bottles and the weeds.
But as 80 million echo boomers make their way through the educational system, their impact is becoming harder to ignore. Total enrollment in degree-granting institutions is projected to grow between 13% and 18% between the years 2004 and 2015, according to the National Center for Education Statistics, and there simply isn't enough on-campus housing to accommodate them all. As students spill over into surrounding neighborhoods, the inevitable keg parties and dandelion-choked yards become harder to ignore.
So does that mean it's time to sell? Not necessarily. Checking your ZIP code, 06053 at City-data.com, I see that about half of the residents rent, compared to a third statewide. But the median age of the ZIP is 33.5 years and 61% live in family units, indicating a good proportion of the neighborhood is probably made up of graduate students or young faculty members, who aren't as likely as undergrads to tear the place up.
Purely from an real estate investment standpoint, selling right now may not be the wisest course. Scarcity means opportunity, and prices in your neighborhood are on the rise, even though the overall housing market is slowing. A check on your home's value on Zillow (we're not mentioning the street address to protect your privacy), shows the Web site's "Zestimate" of the property's worth -- based on comparable sales and other factors -- was $9,695 higher on June 6 than it was a month earlier. Zillow's total-value estimate for your home, $199,152, is similar to estimates of value by other appraisal Web sites, like eppraisal.com ($196,518) and reply.com ($199,448).
If you decide to move out and rent your house, either to students or the retirees who increasingly want to live close to their alma maters, you also could do very well. According to the National Multi Housing Council, median rent growth in 64 college towns across the country was 7% from 2004 to 2006, exceeding the Consumer Price Index of 6.5%.
If you decide to stay, however, it may make sense to enlist your neighborhood homeowners association -- or start one, if you don't already have one -- to talk with the university. According to Central Connecticut State University's Web site, the university wants to maintain good relations with the surrounding community. Among its recent initiatives: A town-gown committee to address unruly behavior and loud parties, and adding more on-campus activities. The university says it wants to expand volunteer programs in the community as well, including one where students rake neighbors' leaves in a gesture of good will. Bring out a tray of hot chocolate and an extra-welcoming attitude when that happens, and you may find that your young neighbors, for all their boisterousness and occasional carelessness, don't really want to live in a slum, either.
-- June Fletcher is a staff reporter at The Wall Street Journal and the author of "House Poor" (Harper Collins, 2005). Her "House Talk" column appears most Mondays on RealEstateJournal.com. Email your questions about the residential real-estate market. Please include your name, city and state. If you don't want your name used in our column, please indicate that. Due to volume of mail received, we regret that we cannot answer every question.
Good or Bad for Property Values?
By June Fletcher
Question: I own a home right up the street from Central Connecticut State University and am concerned about the future of the community and real-estate values surrounding the university. My main concern is that people are buying single-family homes and not fixing them up, then renting them out to college students. In the long run, will my nice street turn into a slum? It scares me enough to think about moving to a new town or community. Should I stay or should I go?
-- Krista Tulisano, New Britain, Conn.
Krista: Those of us who've accumulated a bit of dust on our diplomas tend to idealize college towns. We remember the cozy brick faculty houses, the wrought-iron fences and the clambering ivy; we forget the unpainted shutters, the broken beer bottles and the weeds.
But as 80 million echo boomers make their way through the educational system, their impact is becoming harder to ignore. Total enrollment in degree-granting institutions is projected to grow between 13% and 18% between the years 2004 and 2015, according to the National Center for Education Statistics, and there simply isn't enough on-campus housing to accommodate them all. As students spill over into surrounding neighborhoods, the inevitable keg parties and dandelion-choked yards become harder to ignore.
So does that mean it's time to sell? Not necessarily. Checking your ZIP code, 06053 at City-data.com, I see that about half of the residents rent, compared to a third statewide. But the median age of the ZIP is 33.5 years and 61% live in family units, indicating a good proportion of the neighborhood is probably made up of graduate students or young faculty members, who aren't as likely as undergrads to tear the place up.
Purely from an real estate investment standpoint, selling right now may not be the wisest course. Scarcity means opportunity, and prices in your neighborhood are on the rise, even though the overall housing market is slowing. A check on your home's value on Zillow (we're not mentioning the street address to protect your privacy), shows the Web site's "Zestimate" of the property's worth -- based on comparable sales and other factors -- was $9,695 higher on June 6 than it was a month earlier. Zillow's total-value estimate for your home, $199,152, is similar to estimates of value by other appraisal Web sites, like eppraisal.com ($196,518) and reply.com ($199,448).
If you decide to move out and rent your house, either to students or the retirees who increasingly want to live close to their alma maters, you also could do very well. According to the National Multi Housing Council, median rent growth in 64 college towns across the country was 7% from 2004 to 2006, exceeding the Consumer Price Index of 6.5%.
If you decide to stay, however, it may make sense to enlist your neighborhood homeowners association -- or start one, if you don't already have one -- to talk with the university. According to Central Connecticut State University's Web site, the university wants to maintain good relations with the surrounding community. Among its recent initiatives: A town-gown committee to address unruly behavior and loud parties, and adding more on-campus activities. The university says it wants to expand volunteer programs in the community as well, including one where students rake neighbors' leaves in a gesture of good will. Bring out a tray of hot chocolate and an extra-welcoming attitude when that happens, and you may find that your young neighbors, for all their boisterousness and occasional carelessness, don't really want to live in a slum, either.
-- June Fletcher is a staff reporter at The Wall Street Journal and the author of "House Poor" (Harper Collins, 2005). Her "House Talk" column appears most Mondays on RealEstateJournal.com. Email your questions about the residential real-estate market. Please include your name, city and state. If you don't want your name used in our column, please indicate that. Due to volume of mail received, we regret that we cannot answer every question.
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