Archive for

July 2009

Interactive Job Gain/Loss Model

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I ran across this interactive job gain/loss model from Tip Stratrategies Inc.  It shows employment gains and losses in cities throughout the US.  It's interesting to watch the current economic conditions unfold. Just click the play button on the top left and you can watch the graph in motion starting in 2004. A Must See:    The Geography of Jobs

Posted by Investor Nation 

Helping New Investors Take Action

I have sold many investment homes in the short time I have been in the real estate world.  One thing I take  pride in is helping new investors take action and buy their first investment property.  There is a lot of responsibility that goes in to helping someone take their first steps.  Here is what I like to find in the beginning  when working with new investors:

  • What are their goals ( short term and long term )
  • What area do they want to be in ( Memphis, Charlotte, Atlanta )
  • Property criteria ( bedrooms/bathrooms/price range/size/location in that city )
  • How soon are they wanting to get started.
  • Are they looking for cash flow, equity or appreciation.
In order for me to be able to help investors I need to know the answers to the questions above.  Every investor has specific needs that need to be met and my goal is to meet them every time.  Some say that the largest single purchase you will make in your life  is when you buy your first home.  I think what is equally if not more  important than that is making the decision to buy many investment properties and secure your future and family with real estate.  Take action today. Whatever your reason, now is the time.

Posted by Investor Nation 

Charlotte Riding Out Storm Quite Nicely

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Over the last few days there has certainly been some bullish reports out on the real estate economy.  The Case-Schiller Index is showing slowing decline in real estate prices across the 20 cities it covers.  One of these markets being Charlotte. In the last year the index actually shows a .3% increase in prices in Charlotte (May over April), with the 12 month number now showing close to a 10% decline.  Investor Nation has been offering homes at 60-70% of this already discounted valuation.  Charlotte real estate investing is looking like a good proposition right now.  With the local market in Charlotte suffering only mildly compared to many markets, the time seems to be ripe to purchase. And Charlotte is growing too.  The US Census just reported Charlotte was only 1 of 2 major cities to be both in the top 25 largest numerical population gains and top 25 in population growth in a report released this month (period 2007-2008). Charlotte investment property is unique.  It offers both cash flow and appreciation, a rarity.  Cash flow is a bit slimmer than other markets but to achieve cash flow with limited investment, plus a tremendous upside for apprection makes it an especially attractive market.

Posted by Investor Nation 

Financing Real Estate Using A Money Partner

Many investors who hit the wall when it comes to buying more investment property are looking for creative ways to keep buying real estate.  Many investors never think to find a money partner.  What is a money partner?  They are someone who has the money to purchase real estate and be your partner for a percentage of the profit.  Here is what you will need to show them to get a money partner to be your partner.

  • You know more than they do
  • You have more experience then they do
  • You have been successful
The money is out there.  All you have to do is go find it.  You are looking for them and they are looking for you.  It can be a win win situation for you and your money partner.

Posted by Investor Nation 

Locating A Mortgage Lender

As an active real estate investor I understand how important it is to make sure that I have my power team in place.  With the ever changing market conditions in the lending world its important to me to make sure that if I am applying for a loan that I am actually approved. How do you know if you are working with a lender who can actually complete the type of transaction that you are seeking? You need to make sure you do your due diligence on your potential lender. Here are a few things to consider when working with a lender:

  1. How many loans have they closed?
  2. Get references from recent customers.
  3. How long have they been in business?
  4. Get a pre-approval letter.
With the current market conditions you do not want to get stuck with a lender who said they could do your loan but then turns around and tells you that they can't. You do not want to be left out to dry. This is why working with the right team can position you for success.

Posted by Investor Nation 

July 2009

Investor Nation Opens Office in Portland

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On June 27, 2009, over 25 people attended Investor Nation's seminar in Portland, OR. Stephen Green, President, and Ryan Hinricher, Chief Marketing Officer, presented "Creating Wealth in Unprecedented Times (The Simple Way).”

To follow up, Investor Nation opened an office in Portland on July 20.  Northwest Region Director Jason Dunn will be bringing years of residential real estate and business experience to the Portland office. He owned Portland Construction and Portland Fine Cabinetry, a commercial and residential remodeling company and custom cabinet shop, for ten years.  During this time, he owned single family, apartments, and mobile home parks.  In 1994, he began real estate investing full time as a career.

“I was excited when I learned about the resources Investor Nation brought to its clients.  I know this company offers something unique from other investment firms, and I look forward to being a part of it,” says Dunn. For more information, contact Investor Nation Portland: One World Trade Center 121 SW Salmon Suite 1100 Portland, OR 97204 503.555.1212 Office 503.709.2653 Cell Jason@InvestorNation.com

Posted by Investor Nation 

If Diversification is Key, then Real Estate Should be no Different

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Everyone from your parents to your financial advisor has told you not to put all of your eggs in one basket.  Why should real estate be any different?   Diversification is important with any investment, real estate included.  Think about this.  Say you bought all of your investment homes in a place like Detroit.   Detroits population continues to rapidly shrink as factories close.   In fact, I just heard for the first time in history, building demolition there is outpacing new home starts.   If all of your investment home portfolio was in Detroit, wouldn't that be a scary proposition right now? Most of my portfolio is right here in Memphis.  That I'll admit.  However I've recently started buying homes in Charlotte, NC, in addition to some international real estate investing that I"ve done.   Now the old saying goes; "a rising tide lifts all boats".   If this is true, then the opposite is also true.  When the market is down, despite real estate's localized dependency, real estate everywhere seems to dip.   So of course there is no guarantee.  But you are better protected by having a diversified portfolio.   This is especially true when you factor in purchasing largely suburban homes with 3 bedroom, 2 bathrooms, and 2 car garages.   In doing so you can add a degree of diversification and automation at the same time. So prior to buying that next investment home, think about where it should be located.

Posted by Investor Nation 

Investor Nation Blog - Now Available on Kindle

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Now you can wirelessly receive Investor Nation Advisors Blog via your Amazon Kindle.   The company recently published the blog to the Kindle's blog database and is available for instant download online via Amazon's store or via your Kindle(Amazon's wireless reader). Ryan Hinricher, Chief Marketing Officer of Investor Nation and voracious reader said this about the new addition.  "After experiencing the Kindle's amazing Whispernet service which allows you to connect to Amazon's database at anytime, anywhere.  It makes getting your blogs or new books a cinch.  We wanted to be part of that immediately." The Investor Nation Advisors blog is one of few blogs pertaining to real estate investment, specifically the only one focused on "investment homes". If you have a Kindle, you can find the Investor Nation Advisors Blog availbe today at Amazon.

Posted by Investor Nation 

US Existing Home Sales Rise for 3rd Month in a Row

The National Association of Realtors reported that existing home sales rose for the 3rd month in a row, up 3.6% over May.   While there were nearly 4.9million existing home sales in June, the number is slightly down from June 2008's 4.89million.  The news however is upbeat and sent the stockmarket soaring over 9000 on Friday.  Also encouraging in the news is the number of home sales representing foreclosures is now around a 1/3 down from nearly 1/2 early this year. While the worst may be behind us, the economy is still clearly fragile.   And last month's numbers include nearly 30% of the transactions coming from 1st-time home buyers taking advantage of the tax credit which is due to expire in December.   The Realtors chief economist, Lawrence Yun, reported that there are still issues coming from the new Home Valuation Code of Conduct(HVCC).  Nearly 37% of Realtors said they lost at least 1 closing due to this new regulation. As an investment home buyer, it appears the prices are going to remain relatively low for at least a while.  This means this unprecedented buying opportunity should be available in a market near you for now at least.   Additionally you can avoid the pitfalls of the HVCC by focusing on due-diligence, ensuring you have a good understanding the value of a potential home you are purchasing prior to putting down earnest money.

Posted by Investor Nation 

Differences Between Foreclosures vs Retail

Many new investors have a hard time trying to figure out what the difference between a foreclosure and a retail home.  I hope to clear up some of the confusion. There are many factors that will prove to show what the difference is, here are a few main ones: Foreclosures can be purchased at a steep discount, Retail is closer to full market value. Foreclosures usually need repairs, Retail is usually move in ready. Financing a foreclosure is more difficult than a retail home. Foreclosures provide more equity than retail. These are some main points to consider. I know there are more that can be added to this list but I wanted to get the point across.  You as a brand new investor need to understand that the investing world is different that the retail world.  Do your homework and you will soon start to change the way you think.

Posted by Investor Nation