Laura Guy

Agent, Investor

My Blog

3 Florida Metros Among 10 Highest Performing Markets

7/4/2016

3 Florida Metros Among 10 Highest Performing Markets

Florida is making a come-back!  After devastating lows during the housing market crash, Florida's housing markets are steadily growing and returning impressive gains.  

According to Clear Capital, which provides insights into housing price trends and other leading indices for the real estate market at the national and local levels, Florida is enjoying a special boost in prices. 

“Florida has traditionally been regarded as prime real estate by those retirees who may be looking to migrate from colder areas of the nation such as the Northeast to a warmer and sunnier alternative for their golden years," said Alex Villacorta, Ph.D., VP of Research and Analytics at Clear Capital.

"As the top Floridian housing markets continue to grow and return impressive price gains–Tampa is currently reporting 12.2 percent annual price growth–it’s no surprise that this generation continues to invest in real estate in the region. The baby boomer share of homeowners is clearly on the rise here, and as more and more of this generation nears retirement age, Florida markets may be in for a boost in performance if tradition continues and retirees demand homes in the region.”

Highest Performing Major Metro Markets (Year-over-Year):

  1. Seattle, Washington — Tacoma, Washington — Bellevue, Washington (12.4 percent)
  2. Tampa, Florida — St. Petersburg, Florida — Clearwater, Florida (12.2 percent)
  3. Denver, Colorado — Aurora, Colorado (11.2 percent)
  4. Orlando, Florida (10.4 percent)
  5. Portland, Oregon — Vancouver, Washington — Beaverton, Oregon (10.0 percent)
  6. Miami, Florida — Fort Lauderdale, Florida — Miami Beach, Florida (10.0 percent)
  7. San Jose, California — Sunnyvale, California — Santa Clara, California (9.8 percent)
  8. Las Vegas, Nevada — Paradise, Nevada (9.6 percent)
  9. Providence, Rhode Island — New Bedford, Massachusetts — Fall River, Massachusetts (9.6 percent)
  10. Dallas, Texas — Fort Worth, Texas — Arlington, Texas (9.5 percent)

To read the full article, click here

Show Me the Money

6/20/2016

Show Me the Money

For a lot of people, one of the biggest hurdles to getting into real estate is financing.  If you haven't managed to save for a down payment yet, AssetAvenue may be your new BFF.

AssetAvenue is a marketplace lending platform for residential real estate investors.  Based on Los Angeles, California, AssetAvenue can fund your rehab project, provide a non-rehab bridge loan or fund the purchase of rental property.  Rates start at 6.0% for rental property and 8.99% for rehab and bridge loans.  

In under one week, RJ David secured his first income property. "I reached out to them, told them my situation, and they came out to the property immediately." 

Right now, AssetAvenue is available in 44 states including Florida so it's worth checking out of you need cash to fund your next deal. 

 

 

 

 

6 Steps to Becoming a Successful Real Estate Investor

6/17/2016

6 Steps to Becoming a Successful Real Estate Investor

Ever wanted to invest in real estate but didn't know how?  

Once you know the process, it's easy to begin to analyze investment properties and choose the right one for you.  Here are the 6 steps Robert Kiyosaki recommends in his workbook 6 Steps to Becoming a Successful Real Estate Investor.

1.  DECIDE TO BE AN INVESTOR

Take on a investor mind set and decide to become an investor.  This might require you to sacrifice spending in other areas of your life in order to build a small nest egg to help purchase your first property.  Stop spending money on depreciating items -- like cars -- and save it for investments like real estate that can create cash flow in the future.  

2.  FIND AN AREA YOU LIKE

Choose a neighborhood or two that you like.  Ideally, they are in areas that are rising in value -- rather than depreciating or moving sideways.  You don't have to want to live there yourself but it should be close enough to your home to make touring and visiting properties convenient.  My first investment property was about 20 minutes from my house in a rental neighborhood where I knew finding tenants would always be easy.  

3.  IDENTIFY PROPERTIES

Once you've found an area you like, start to identify specific properties for sale.  Again, you don't have to live there.  And even better if it's a bit of a diamond in the rough.  If you have the inclination and a few bucks to spend, find an ugly duckling and make her beautiful again.  You can dramatically increase the value of your investment by spending $5,000 to $15,000 dollars in cosmetic repairs -- such as updating the kitchen, painting the interior and exterior and installing new flooring. 

4.  ANALYZE PROPERTIES 

Take out your calculator and put the numbers together.  How much does the property cost?  How much will taxes and insurance cost?  How much are your putting down?  What is your cash-on-cash return?  You'll need to calculate all of these variable for each property in order to make the best decision.  If you need some help, email me at lauraguy@keyes.com for an ROI calculator.  

5.  PUT THE DEAL TOGETHER

There are likely many ways you can structure your deal -- from all cash to seller financing.  Find the combination of debt and equity that works best for you.  And don't be afraid to submit a low offer.  Consider that if your offer is accepted right off the bat, it may have been too high.  Remember that making offers is a part of the game so make lots of them!

6.  PROPERTY MANAGEMENT

The final step is to manage your property.  Learning how to self-manage is great when you're first starting out because you need to learn that various types of issues that arise with rental property.  Once you get the hang of it, you can outsource your property management to a trusted agency.  In Palm Beach County I recommend RentPro, which charges $99 per unit per month.  How easy is that!  

If you need help with any of these steps, be in touch.  I'm an investor who is passionate about helping others grow their empire as well.  It's a good life!

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