There is one statement about investments that is indisputable.  If an asset does not earn a sufficient, regular cash return to its owner, it’s a speculation. 

By definition it's not a true investment.

Investments are vehicles that earn their keep.  The hope of capital gain, without sufficient regular cash return, is speculation.

Gold and other precious metals are 100% speculations.  They don’t work for the investor.  They generate no income.

They are market driven, and profit and loss are determined by what people are willing to pay for them.

Currently, properly investing in for-lease residential real estate is an excellent investment vehicle.  It fits the definition of an investment.

And since successfully picking and managing residential real estate is formula driven, a hand calculator, a legal pad and pencil, and a mind that doesn’t let "cute" overcome good business reasoning, can easily drive your success.

One interesting and clever investment avenue is buying large, older and historic homes and converting them into duplexes, tri-plexes, sometimes even four-plexes. 

And often an additional unit can be added above the garage.

In years past, I converted a number of homes in Galveston’s East End Historic District into apartments.  Since the area is adjacent to the University of Texas Medical School, they were in the perfect market.

These clever units commanded higher rents than those in conventional garden apartments, had very low vacancies, and always led the market in appreciation.

The net rents brought a fine and consistent rate of return.

If you are interested in this investment avenue, perhaps I can help you find and select the perfect Dallas properties.  Call me.

BILL CHERRY, REAL ESTATE BROKER

Since 1964

Dallas – Park Cities

214 503-8563

http://bzibee.wordpress.com/2012/02/23/foreclosure-and-renters/ If a home is foreclosed on and has a person renting it still in a lease should the bank have to honor that lease as long at the renter is paying the rent ? This is one bill that is being investigated currently and would keep banks from tossing the renter out once the foreclosure has taken place. On the surface I see it as a good policy. Tell me something that you think could be bad about it and lets have a conversation. Im a Realtor in Hampton Roads and I see this happening all the time. I have not taken a long hard looked at the pros and cons of keeping the lease in place. I do know that when you sell a home with a lease the new homeowner has to honer that lease. I would think its good practice to have the same policy with the bank takes it over. It the renter is in good standing and is willing to stay it might help the bank buy sometime on the sale of the home.

Alison Creamer, Realtor, ABR, CDPE
Direct 757.652.8880
Licensed to sell Real Estate in Virginia
Keller Williams Realty
Twitter @ Bzibee
Youtube.com/AlisonCreamer
http://www.CoffewithCreamer.com

 

 

Atlanta GA Homes For Rent are much like buying a home. If it is priced right, and in great condition, it will not be on the market for long. As you start your search for an Atlanta GA Home For Rent, be prepared to act quickly or the home or condo you like may be gone!  We want you to be prepared when you start your home search! These for renting an Atlanta GA home or condomminiumwill make the process of finding your Atlanta GA Home For Rent, much easier and hopefully, hassle free! While we try to anticipate all that you will need, please remember that each managment company, real estate agent or landlord may have different or additional requirements.

What To Expect When Renting and Atlanta Georgia Home or Condominium:

• Complete a Rental Application.
• Complete a Credit Authorization Form to have your credit history pulled.
• Expect to have a background check.
• Provide 2-3 months paycheck stubs and/or tax returns.
• Expect to pay an Application Fee, ranging from $45-75 per adult occupant of the home or condo.
• Expect to pay a deposit equal to One Month's rent (depending on credit/rental history) as a Security Deposit. If you have credit issues, it may be First Month’s Rent, Last Month’s Rent and a security deposit
• Expect your options to be limited if you have a pet(s), especially if they exceed 15-25 pounds.
• If you have a pet expect to pay a non-refundable pet deposit, ranging from $250-$400 per pet.

Other Tips For Renting an Atlanta GA Home or Condo

• Be Honest With Your Application (Like if you have a pet or think you might want one in the future, ASK!)
• Start Your search 30-45 days Before your Expected Move Date.
• Be prepared to place a deposit immediately if you like the home or condo. If you sleep on it tonight, you probably won't sleep in it tomorrow! Rentals in the Atlanta market place move quickly and are not going to wait for you!
• Be ready to look at something short notice when we notify you. He who gets there first most likely will get it!
• If you have any unusual circumstances in your life (divorce, unemployment period, etc) consider writing a letter of explaination about what happened. Life happens. Let your potential Landlord know the situation so they may be able to help.

Don't Do It Alone!!

There are numerous ways you can look for a place to live. Do you really know who you are dealing with/talking to/sending information to? Imagine you find a place on Craigslist. You meet the owner, look at the place, and fill out an application.

That application has your Social Security Number, your Driver's License Number and possibily account numbers on it. Your application is denied. What happened to ALL that information you gave someone your really don't know? You just set yourself up for identity theft. By working with a licensed real estate agent, you have more protections than going it alone.

Let us help you find your next Atlanta GA Home or Condo For Rent!

Associate Broker

Thomas Ramon Realty @ Palmer House Properties

2911 Piedmont Road, NE, Atlanta, GA 30305

Direct: 770.713.1505  Office: 404.876.4901  Fax: 404.478.8495

 

              

 

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Are you looking for a specific Intown Atlanta neighborhood to focus on?

Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!  

A good rental history can help borrowers First-time home buyers planning to purchase a house later this year may have a better chance of qualifying for a mortgage if they have had a history of paying their rent on time.

Making sense of the story * Last year, credit-reporting agency Experian added a section to millions of credit reports showing on-time rent payments and raised the credit scores of many people. The company said that this year it would add in negative marks, including mentions of bounced checks or of tenants’ leaving before a lease was up. *

Incorporating rental payments into credit scores could affect millions of people who have not established credit histories through credit cards, student loan repayments, and other credit sources.

* Almost half of consumers considered “high-risk” experienced an increase of 100 points or more after their positive rental history was added, according to Experian’s rent bureau. Those with average or * higher scores did not experience major movement.

* Although it is still too early to show the effects of the new credit report, which began in December, the changes are intended to allow lenders and consumers to have greater transparency, according to Corelogic. * People who have lost their homes to foreclosure and are now leasing may be able to rebuild their credit histories by being responsible renters.

* However, consumer groups and advocates are skeptical, noting that reports are sometimes riddled with mistakes and some landlord-tenant disputes may be difficult to capture in a credit report. Rent may not have been paid, for example, because the furnace was left unrepaired for months. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Courtesy of Crescent Moon Realty, Inc.

Being a real estate broker takes on the form of leadership. The agent/broker role is to lead the client through the home purchase or sales process and serving them with the highest customer service standards. Crescent Moon Realty, Inc & Land N Sea Auction goal is to help the client achieve as many of their goals as possible - so that both parties feel that they are in a win-win.

Find out the benefits to selling or buying a home traditionally or non traditionally ---Contact us @ 1-760-650-2157 Or visit our websites @ www.LandNSeaAuctions.com or CrescentMoonRealty.biz.

Lorraine or Loretta