Tuesday, June 16, 2009
Monday, June 15, 2009
Friday, June 12, 2009
Saturday, May 23, 2009
Tuesday, May 12, 2009
Friday, May 1, 2009
IS NOW A GOOD TIME TO BUY AN INVESTMENT PROPERTY?
YES!
NAR's chief economist, Lawrence Yun, says "the market appears to be stabilizing with modest monthly ups and downs", and that first-time buyers are now driving the market, which will continue to help the overall market improve as sales increase (Source: www.Realtor.org 4/23/09).
Finding a positive cash flow rental home on the Outer Banks is not a piece of cake. However, home values have declined to the extent where more and more rental properties are proving to be great profitable investments again, and their list prices are now more in line with rental figures to create great rental ratios for investors.
Given the market's decrease in prices and the incredible interest rates availalbe, you can't deny that now is the perfect time to invest!
There are several factors that affect the cash flow of a rental home including rental income, management fees, utilities, taxes, mortgage payments and insurance to name a few. Besides these obvious factors, you should also consider the tax benefits of owning an investment home and discuss these with your CPA.
To receive a full Investment Analysis Breakdown spreadsheet of any properties of interest, email me today!
NAR's chief economist, Lawrence Yun, says "the market appears to be stabilizing with modest monthly ups and downs", and that first-time buyers are now driving the market, which will continue to help the overall market improve as sales increase (Source: www.Realtor.org 4/23/09).
Finding a positive cash flow rental home on the Outer Banks is not a piece of cake. However, home values have declined to the extent where more and more rental properties are proving to be great profitable investments again, and their list prices are now more in line with rental figures to create great rental ratios for investors.
Given the market's decrease in prices and the incredible interest rates availalbe, you can't deny that now is the perfect time to invest!
There are several factors that affect the cash flow of a rental home including rental income, management fees, utilities, taxes, mortgage payments and insurance to name a few. Besides these obvious factors, you should also consider the tax benefits of owning an investment home and discuss these with your CPA.
To receive a full Investment Analysis Breakdown spreadsheet of any properties of interest, email me today!
NC IS THE STATE WITH THE LOWEST CLOSING COSTS!
"New York, Texas, Florida. For the second straight year, those are the most expensive states in which to get a mortgage. Nationwide, the average origination and title fees on a $200,000 mortgage this year totaled $3,118, according to Bankrate's annual survey of closing costs. The fees in the survey don't include taxes, insurance or prepaid items such as prorated interest or homeowner association dues.
Fees in New York City were highest, averaging $4,016 in Bankrate's survey. Houston came in second, with fees that averaged $3,975. After that came Buffalo, N.Y., with fees averaging $3,845, and then Miami, at $3,683. North Carolina had the least expensive closing costs in the survey, at an average of $2,650. The previous year, Indiana took the last spot.
The annual survey of online lenders is conducted by obtaining fee estimates for a $200,000 mortgage in each state's most populous city."
(Source: Bankrate.com)
Fees in New York City were highest, averaging $4,016 in Bankrate's survey. Houston came in second, with fees that averaged $3,975. After that came Buffalo, N.Y., with fees averaging $3,845, and then Miami, at $3,683. North Carolina had the least expensive closing costs in the survey, at an average of $2,650. The previous year, Indiana took the last spot.
The annual survey of online lenders is conducted by obtaining fee estimates for a $200,000 mortgage in each state's most populous city."
(Source: Bankrate.com)
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