Month: May 2019

Kansas City Real Estate Market Report

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: https://kcinvestmentproperty.wordpress.com/2019/04/25/kansas-city-real-estate-market-report/

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

I thought some of you may enjoy catching up on the Kansas City real estate market report.  Simply click here to be taken to YouTube.
kansas city real estate investment property

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By Real Estate Club of America May 9, 2019 Off

[On-Demand Webinar] How to Find Airbnb Investment Properties

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: https://blog.realestateinvestar.com.au/on-demand-webinar-airbnb-investments

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

Learn to FIND AIRBNB PROPERTIES TO MAXIMISE CASHFLOW

Learn how a Pro Membership with our top property investing platform can help you find, analyse and research investment-grade properties for various investment plans.

This on-demand webinar listed 8 May will show you how you can achieve maximum rental costs using Airbnb.

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By Real Estate Club of America May 9, 2019 Off

Avoid This #1 Mistake When Buying A Property

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/FirstRentalProperty/~3/m2RXPTltgwQ/

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

To your success!

  • There’s a real estate bubble that is going to burst
  • They Need to wait and not buy property today
  • Should they purchase a rental property, they Will have to deal with tenants who are going to call them in the middle of the night regarding a  toilet they just broke.   (Apparently this tenant will also need them to come to the rental property in the middle of the night to fix said bathroom.)

IS.     NO.   BUBBLE.  

  • They’ve never had a tenant before.
  • They’ve never accumulated a rent cheque before.
  • They have limited to no expertise in the sphere of real estate investing.

I believe it’s been about 12 years.

My final remarks are:
Neil Uttamsingh

Here Is Your Truth …
There are a number of factors that are causing this, but to simply put it, it’s a ‘supply and demand’ issues.
Pps: If you found this article useful, you should probably read this one as well…  How To Make Money Buying Pre-Construction Condos
The reality my friends is that the housing market in the Greater Toronto area is currently going up at record levels.
I hope you’re doing well.
“There Isn’t Any Bubble”

And then… they are projecting their concerns, anxieties, and worries about owning real estate onto those people that are interested in investing, which are currently looking for guidance.
Over those years, I have seen several hundreds of people buy and pull the trigger real estate, and have talked to thousands of people.
Additionally, people who don’t by real estate act in a way as well.

Now is the time to buy real estate here.   Not tomorrow.


Individuals who take the jump and buy real estate behave in a way to one another.

Overall, people generally act in similar ways.

Hi There,

If you believe you believe this wholeheartedly and a bubble is in the GTA property market, we could never be friends.   😉
The number one inherent mistake that they are making is:

  1. People who are interested in purchasing real estate, but don’t end up buying anything are fearful.
  2. I should also qualify this statement by saying that those who BUY real estate as well are also somewhat fearful.

There is something that you should realize sooner rather than later okay … If you are in the Greater Toronto Area.

“I don’t believe Purchasing a condominium (or home) for investment is a good idea.   I am going to get calls in the middle of the night by the tenant stating that I want to come and repair it, and that they have broken the toilet. ”

Let’s Re-Cap

People today talk circles around me when they try to tell me that there’s a Bubble in the Greater Toronto Area (GTA) real estate market.

Listening To Advice From Uneducated Sources…
Who the hell is telling folks this?! (sorry I swore…I’m getting FIRED up.)

They tell them that now isn’t a great time to buy real estate, and that they should wait, and wait for the ‘bubble to burst’. 

Ppps: Also, this one. . How To Make Money Buying Real Estate In Toronto

This of course is a generalization.
GET INTO THE REAL ESTATE MARKET NOW.

The one major difference though between the people who buy property and those that do not, is that those that DO NOT, are tuned into the wrong radio channel.  

Okay… so allow me to break this down and explain to you exactly what I mean.

I don’t keep the number of because I am not an egomaniac.   🙂


Over the years, I have noticed that are currently making one big mistake with their thinking process

You could make hundreds of thousands of dollars owing just one rental home in The Greater Toronto Area, and you wouldn’t do so because someone may call you regarding a toilet that is broken?
The men and women that are currently instilling fear into these investors, aren’t people who have properties themselves, they are people with absolutely no experience investing in real estate whatsoever!
Ps: I am a VIP Realtor and a Real Estate Broker.   I have access to over 100 new condominium projects all over the GTA.   Sign up  to receive special builder DISCOUNTS and INCENTIVES from going straight that You Can’t get.   To your success

What I mean by this is that They’re listening to the frequency’.   They are currently listening to the wrong ‘resources ’, and they are currently listening to the wrong ‘individuals ’.

I can list for you major reasons why there is no bubble in the GTA market.   If I did here, this article will become a New York Times Best Seller and would become the distance of a book!
That time is coming, and it’s coming sooner than I thought it would.
As I am writing this article, I’m thinking about because I have been helping people invest in real estate to how long it has been.

Many times, I have heard people tell me….
People are coming from all around the world to live in the wonderful country of Canada, and a large percentage of these folks are settling in the GTA.
The next chapter in this property saga are the Chapter which talks about every one the hundreds of thousands of people that are priced out of the current market, and who cannot afford buying a property.

The gains that the sector is experiencing have never been seen before.

That:

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By Real Estate Club of America May 9, 2019 Off

Is Anything Sweeter Than Collection Checks From Rent Thieves?

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/LandlordRescue/~3/mKYz41y94hY/

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

The Test that was stuck at MAG

So nice.

I was able to collect and I am delighted to report, that there are not many things more satisfying than amassing a payment from a renter you’ve been pursuing since….2016.

This was the man who sent me a receipt stating Interac payment was received and caused me to tear apart all my bank documents, and call the bank and then eventually Interac wondering where my payment was… only to learn that he was trying to defraud me, he’d changed the code in the receipt and the receipt was from the month before.

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By Real Estate Club of America May 9, 2019 Off

Defining Markets Podcast: John Wilhoit Interview with J Darrin Gross

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/multifamilyinsight/EFnh/~3/uiGDkG04vNE/

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

This is a 50+ minute interview with host J Darrin Gross and guest John Wilhoit. It is about defining multifamily markets eligible: Multifamily Markets: Primary versus Secondary and Tertiary an open forum conversation between John and Darrin.

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By Real Estate Club of America May 9, 2019 Off

Property Management: Controlling Controllable Expenses

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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

What is a expense? A controllable expense is one that offers an opportunity to generate meaningful impact to proactive property management. In this respect many will then consider”every cost” as a controllable expense. That is.

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By Real Estate Club of America May 9, 2019 Off

Example of Real Estate Investing in Kansas City

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: https://kcinvestmentproperty.wordpress.com/2019/05/03/example-of-real-estate-investing-in-kansas-city/

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

Sell in Prime Condition then $80,000 – $85,000 *
averages.
There have been 91 possible rental months because the property has come on line.  And the rents have never been under $775/mo…we are promoting at $825 and have people.  So let’s say that the home has had 5% vacancy (our MO average).  That means that home has been leased 86 months at $775/mo.
**************************
Those two items, along with a base, are the most expensive repairs a house will need and the repairs last twenty years, or so, in most cases.  It is highly likely before the life of either is dissipated into a point of needing re-replacement that COMPANY X will eliminate this property.

RPR, a fairly reliable price aggregate algorithm  (more dependable than Zillow because it uses actual MLS data) sets the purchase price of the home at roughly $74,000.

And then look at the Statistical Market Analysis report, paying careful attention to the
This example shows the power of time when owning rental property.
In any case, selling as is, selling in top condition or continuing to lease, COMPANY X is winning big with this “average” property.
Realest Tax values have the price at $50,000.
Therefore Gross Rents have brought in $66,650 m/l.
SINCE 2011

It’s my view that if this house needs a furnace and a roof that yes, that does cost a lot of money.  Yet, it is money well spent regardless of whether we lease or market.

The home has had an performance since then.  It hasn’t and it hasn’t been a puppy.

     *This is with an estimated $37K being spend on upgrades.
Sell “As Is” the value of the home is $40K m/l
In other words, after ALL expenses the house has already paid for itself.

This home was purchased with cash on 6/17/2011.  Then the house was remodeled and leased within a period of about 100 days all out ….

The purchase price plus closing costs plus all repairs totaled $39,280.
It is my hope that this can help us all to learn just a bit more about why investing in real estate is such a fantastic, long term thing.  And that keeping homes in good, safe arrangement is whether you selling or are leasing because either way, the repairs will have to be done at any point.  And while the house is in service it should be kept up for the protection of the asset, the benefit of the owner and the benefit of the tenants.
This is the tale of a small, two bedroom, 1 bath rental home in Raytown, MO

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By Real Estate Club of America May 9, 2019 Off

Pension Fund Real Estate Investments – Take a Number

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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

Large U.S. based pensions have over one trillion dollars in assets with roughly eight percent of these funds in real estate based assets.

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By Real Estate Club of America May 9, 2019 Off

Where to Invest in 2019: Price to Rent Ratio by City

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: https://www.mashvisor.com/blog/price-to-rent-ratio-by-city-where-invest-2019/

Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.

Where to Invest in 2019: Price to Rent Ratio by CityWhether you are a beginner or a seasoned real estate agent, you know that where you invest is the most crucial factor for successful real estate investing. Investors rely on…

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By Real Estate Club of America May 9, 2019 Off

What Are Your Options if You’re Unable to Get Financing?

Some of us who are selling Real Estate, whether it be our home or other property, may find that we have an interested buyer who may not be able to get financing. Or we may be a Buyer who already knows it is not possible (at the present time) to get financing. Is all lost?…

By Real Estate Club of America May 8, 2019 Off