Category Archives: Before Buying a House

THERE’S NO INVESTMENT LIKE REAL ESTATE INVESTMENTS!

screenshot-2016-12-27-11-49-12

The rules of real estate investing

Investing in real estate, either directly or through funds or real estate investment trusts – or all of the above – can add much-needed diversification to your investment portfolio. However, real estate is a unique investment, so you can’t apply the same rules as you do to investing in stocks or bonds. Here, U.S. News contributors and SMARTER INVESTOR bloggers share their best advice for becoming a successful real estate investor.
Have an exit strategy.
REAL ESTATE STRATEGIES include buying rental properties and becoming a landlord as well as flipping properties, then hopefully earning a substantial profit upon their sale, writes Joel Cone, a business and real estate writer. “Like any investment, real estate investing requires an action plan,” he writes. Some real estate investors have found success with three-year lease options, for example. Think carefully about the characteristics unique to each investment that will make your strategy successful.

Join a local investment club, but don’t attend ‘boot camps.’

Real estate investors often become successful with guidance from other investors. That’s one reason it can be smart for novices to get involved in investment clubs. But be careful not to waste money on unnecessary boot camps or training courses, Cone writes. Browse a local bookstore for information on real estate investing, and avoid getting sucked into expensive seminars and camps.

Figure out what type of real estate investing interests you.

If investing directly in real estate, investors should “choose a specific target market and study it intensely,” Cone writes. “Next, set a goal, form a business plan and establish systems to achieve the desired goal. Lastly, investors should take small, common-sense steps daily toward achieving that goal, such as talking with sellers, owners and local real estate professionals.”

Insulate your portfolio against potential losses.

Investors should set money aside to act as a buffer in case the unexpected occurs. Once an investor has scaled out to a large portfolio of properties, it’s important to have enough CASH ON HAND to rehabilitate 10 to 15 percent of those properties every year. “Be prepared. Plan for the best, but prepare for the worst,” Cone writes. “Insurance is true asset protection. Investors should insure themselves as if the world is coming to destroy them, and insurance is their only defense.”

Investing directly is very different from investing in a REIT.

If you are debating between investing in real estate directly or buying into a REIT or real estate fund, consider the tax consequences. “For many investors, tax deductions and capital gains taxes are integral to their expected return on real estate investments. Those factors are different from those you’d face investing in a real estate ETF,” writes Joanne Cleaver, a U.S. News contributor.

However, funds are a lower-maintenance approach.

Mutual funds and exchange-traded funds can offer a lower-cost way to invest in real estate, writes Barbara Friedberg, portfolio manager and consultant. She points to VANGUARD REIT INDEX ETF as an example of an inexpensive strategy for investing in real estate. “In one fund, the investor accesses a range of property types, including commercial malls, hotels and apartments … If you’re looking for income, REITs are required by law to pay out all earnings,” Friedberg writes.

Your house doesn’t really count.

It’s tempting to look at your own HOME AS AN INVESTMENT. However, property taxes, homeowners association fees, maintenance, insurance and other costs offset appreciation in property values, Cleaver writes. You won’t earn income from your home as you would from other investments. “A real estate investment produces income or appreciates in value after all costs are calculated. Not so with your house,” Cleaver writes.

Look at where millennials are moving.
Millennials are the future of the real estate market, so it may be smart to track where they’re moving and where they’re buying homes. Many members of this generation are renting now, but that doesn’t mean their habits won’t change as they get older. Real estate experts say investors can make money by renting to millennials and then selling to them as they decide to become homeowners, Cone writes. Austin, Texas, Nashville, New Orleans and Denver are just a few of the cities where GENERATION Y IS BUYING HOMES.
Source: CBRealtyCorp

Leave a comment

Filed under Before Buying a House, Credit Scores, Dallas Real Estate, Dallas Texas REALTOR, Flower Mound, Flower Mound Homes For Sale, Fort Worth Texas, Grapevine, Grapevine Texas REALTOR, Real Estate, Texas, Texas Real Estate, Uncategorized

Gorgeous French Style Estate in Flower Mound, TX

Gorgeous French Style Estate in Flower Mound, TX.

Leave a comment

Filed under Allen Texas Homes For Sale, Bartonville Real Estate, Before Buying a House, Coppell Texas Homes For Sale, Dallas Real Estate, Dallas Texas REALTOR, Flower Mound, Flower Mound Homes For Sale, Grapevine Texas REALTOR, Highland Village, Lewisville, Mortgages

NAR’s Existing Home Sales Report [INFOGRAPHIC]

Thinking of selling and wondering if it’s really the best time? Well, I hope this Existing-Home-Sales-February-STM helps you make that decision and get your home listed while it is still the Seller’s market.

Give me a call with any questions you might have: 972.899.0634

Leave a comment

Filed under Allen Texas Homes For Sale, Bartonville Real Estate, Before Buying a House, Coppell Texas Homes For Sale, Dallas Real Estate, Dallas Texas REALTOR, Double Oak, Flower Mound, Flower Mound Homes For Sale, Grapevine, Grapevine Texas REALTOR, Highland Village, Keller, Lewisville, Real Estate, Southlake Texas Homes For Sale, Spring, Texas Homes For Sale, Texas Real Estate

How To Attract Affluent Home Buyers…

Interesting information on the image from what Buyers are looking for and would sacrifice! Read more from my March Newsletter here: http://buff.ly/1DJDUoPScreen Shot 2015-03-02 at 7.09.34 AM

Leave a comment

Filed under Allen Texas Homes For Sale, Bartonville Real Estate, Before Buying a House, Coppell Texas Homes For Sale, Dallas Real Estate, Dallas Texas REALTOR, Double Oak, Flower Mound, Flower Mound Homes For Sale, Fort Worth Texas, Grapevine, Grapevine Texas REALTOR, Highland Village, Interest Rates, Mortgages, Real Estate, Southlake Texas Homes For Sale, Texas Homes For Sale, Texas Real Estate, Uncategorized

Make Sure Money Isn’t Spilling Out Your Garage!

Make Sure Your Garage Isn’t Tacking Money On Utility Bills…

As ever-increasing home energy bills continue to plague Americans, homeowners are looking for cost-effective ways to reduce their heating and cooling costs. If your house has not been properly insulated, you may be paying more than you should to heat or cool it.

Nearly all modern homes have insulation throughout the living spaces, but garages commonly get overlooked. Because the garage is the last barrier between your home and the outdoors, it’s important to ensure the insulation is adequate. You can do a few simple things to make sure your garage is insulated properly.

First, it’s important to ensure that the door leading from your home to the garage is sealed properly.

Other areas to consider when checking your garage’s energy efficiency are the ceiling and the garage door threshold. If there is a room above your garage, it may be beneficial to bolster the insulation in the garage’s ceiling to help keep the living space above it comfortable. For the threshold, installing a rubber seal-strip on the floor where the garage door closes helps prevent air leaks, and keeps out insects and rodents.

That said, one of the most important areas to examine is the garage door itself. While installing a pre-insulated garage door can cost up to a thousand dollars or more, and requires a skilled contractor, there is a simple and inexpensive DIY solution to insulate your garage — garage door insulation kits.

Homeowners can easily insulate their existing garage doors with these kits, which are readily available in leading home improvement stores or online. These affordable and easy-to-use kits are made to fit standard garage door sizes and can be cut to fit non-standard sizes. With pre-packaged insulation, do-it-yourselfers can insulate their garage door in less than an hour, at a cost of less than $100. Kits use energy-efficient expanded polystyrene (EPS) insulation panels — a rigid white foam that trims easily, is durable, offers excellent long-term insulation, and gives your garage a professionally finished look.

During fall and winter, the insulation helps keep heat inside the garage so that the furnace does not work as hard and use as much energy. In the summer, the insulation helps keep the sun’s heat at bay so the garage can stay cool. Insulating your garage also helps reduce interior noise and can earn federal tax credits as an energy-efficient upgrade (check your local energy guides for more information).

Source: The Dallas Morning NewsGetContent.asp

Leave a comment

Filed under Allen Texas Homes For Sale, Bartonville Real Estate, Before Buying a House, Coppell Texas Homes For Sale, Dallas Real Estate, Dallas Texas REALTOR, Double Oak, Fall, Flower Mound, Flower Mound Homes For Sale, Fort Worth Texas, Grapevine, Grapevine Texas REALTOR, Highland Village, Home Improvments, Household Budget, Lewisville, Real Estate, Southlake Texas Homes For Sale, Taxes, Texas, Texas Homes For Sale, Texas Real Estate, Uncategorized

Great Starter or Investment Home For Sale in Fort Worth, Texas!


Great Starter Or Investment Property For Sale in Fort Worth, Texas!


Overview
Maps
Photos
Description
Neighborhood

$189,900
Single Family Home
Main Features
3 Bedrooms
2 Bathrooms
1 Partial Bathroom
1 Unit
Interior: 2,055 sqft
Lot: 5,489 sqft
Location
4608 Golden Yarrow Drive
Fort Worth, TX 76244
USA

Jim Striegel

Jim Striegel

(972) 899.0634
JStriegel@Realtor.com
http://www.JimStriegel.com

   

Listed by: Jim Striegel Team, Real Estate Connections

Our recent listings

Subscribe to our listing feed

Nearby properties for sale

Powered By RealBird.com

Leave a comment

Filed under Before Buying a House, Dallas Real Estate, Dallas Texas REALTOR, Flower Mound Homes For Sale, Fort Worth Texas, Grapevine, Grapevine Texas REALTOR, Real Estate, Rentals, Southlake Texas Homes For Sale, Texas, Texas Homes For Sale, Texas Real Estate, Uncategorized

Lake Views From Every Room in this Highland Village, Texas Home For Sale


Single Family Home for sale in Highland Village, TX


Overview
Maps
Photos
Description
Neighborhood

$519,900
Single Family Home
Main Features
5 Bedrooms
4 Bathrooms
1 Unit
Interior: 4,949 sqft
Lot: 0.37 acre(s)
Location
3104 Forest Shores Lane
Water views from almost every ro
Highland Village, TX 75077
USA

Jim Striegel

Jim Striegel

(972) 899.0634
JStriegel@Realtor.com
http://www.JimStriegel.com

   

Listed by: Jim Striegel Team, Real Estate Connections

Our recent listings

Subscribe to our listing feed

Nearby properties for sale

Powered By RealBird.com

Leave a comment

Filed under Before Buying a House, Dallas Jobs, Dallas Real Estate, Dallas Texas REALTOR, Flower Mound, Flower Mound Homes For Sale, Grapevine, Grapevine Texas REALTOR, Highland Village, Home Decor, Mortgages, Real Estate, Spring, Texas, Texas Homes For Sale, Texas Real Estate, Uncategorized