make the best investment: magnifying glass analyzing a house, with sector newspaper, stats, keys, wallet and mortgage contract
Want to add more money to your income streams but not looking to play the stock market? Then it might be time to consider real estate. Real estate is the perfect opportunity to accumulate wealth. In fact, real estate is possibly the best way to make money in your local market.
Here’s how and why.
Real Estate means options for income and profit
One of the first things to decide is whether you want an income stream or a profit. Each will put more money in your pocket, but through different means and with different levels of commitment.
Rental Income – Rental income can come from both short or long-term strategies. Investors often find properties that are ideally suited for long-term rentals, while many homeowners are exploring short-term rental possibilities such as VRBO. Either way, you will spend money upfront but the cash returns over time make it well worth the initial investment. Not only will you produce an income stream, but you can also enjoy appreciation, equity pay-down and tax benefits as a landlord.
Cell tower leases – Another, lesson-known revenue revenue stream possibility is cell tower leasing. As more and more people carry cell phones, more cell towers are needed. Cell tower companies are increasingly turning to property owners to discuss installing and maintaining these towers, sometimes small enough to fit on a rooftop undetected. One word of caution: property owners are not likely to understand the full value of their property and will be sold on the fact that they should use market-standard lease rates. Your land may be worth far more than you think to a tower company. Consult an expert before signing a contract.
Fix and flip – There’s a reason HGTV is flooded with shows about flipping houses. Flipping homes ideal for people who are patient enough to seek good deals on homes for sale and can manage contractors. There are a few companies that buy houses for cash in Central Florida and PHP Houses is the best option if you’re in Central Florida for the purpose of selling them to house flippers. Taking an existing piece of property and increasing its value, through repairs and staging can mean selling at above market value. Money is needed initially to get started with this plan but rather than a cash stream over time, you can earn a sizable lump sum that can be used to repeat the same process again. Just be sure you take the time to read house flipping tips and advice to avoid the most common mistakes first time flippers tend to make.
REITs – Technically Real Estate Investment Trusts are playing the stock market. However, they have lower volatility than stocks. REITs can only invest in real estate to produce income and they must distribute at least 90% of income back to shareholders in the form of dividends. In addition to rich dividends, REITs offer diverse exposure to real estate assets and inherent tax advantages. As with flipping, it’s important to take the time to investigate before jumping but here are 3 available REIT options currently recommended.
The best part about building wealth with real estate is that virtually anyone can do it. Depending on the amount of time and initial investment you wish to spend, the possibilities are endless and the profits sizable. With proper research and education, real estate can truly be one of the best ways to make money.
PHP Houses 142 W Lakeview Ave #1030 Lake Mary, FL 32746 Ph: (407) 519-0719 F: (407) 205-1951 info@phphouses.com
You choose you want to offer for sale your home. You put your home on the market and wait for the offers to start rolling in. Now you’re starting to worry that no one is going to buy your home, which stops all your plans dead in their tracks.
Up The Curb Appeal Often everything looks good on paper however then when a purchaser drives past the house to inspect it out they’re let down by reality. Could the home use a paint task? It may not be what you ‘d do but it’s not about you anymore, it’s about putting the home in the best possible light (pun intended) for the purchaser.
Should You Stage? Like we stated, it’s no longer about what you believe is finest for the home, it’s about what the buyer believes is best. The more they can see themselves in your house, the more likely it is to really become their home.
Lease While You Wait. If the months are beginning to accumulate while you wait for a buyer, you need to consider things like an financial investment. Each month, you lose prospective cash that your house could have generated. With that in mind, if you’re able to live in other places or have actually already discovered a new home, we buy houses Central Florida think about renting your residence in order to acquire a little income in the interim. You’ll want to make certain the tenants are clear about your intentions to offer and want and able to make space for purchasers to stop by. You likewise need to take into consideration whatever that comes with being a landlord, even if it’s short-term.
Change Your Agent The relationship in between you and your property agent is a fragile dance. You can search and make a great choice based on what you know at the time, but we all understand that things don’t constantly work out as we hope. The fact is, often your home isn’t so much the issue as the representative is. You might have been offered a bad cheat on your representative’s capabilities or there might be something about them that is turning off purchasers. They might even simply be simply unprofessional. Eventually, it is your call if and when you wish to sever the relationship and find a brand-new agent. If you find yourself annoyed with a bad representative, do some research study to discover others in your area who know how to produce and can back it up. You took a chance and now opt for the surer thing.
Consider a Short Sale It’s not exactly what you were hoping for when you noted your house but if things are not working in your favor, you may desire to consider a short sale. For loan providers, something is constantly much better than absolutely nothing, and if the market doesn’t look friendly to sellers in your location, this permits you to find a excellent price to move the home and the lending institution gets money.
Or Think About a Lease Option Another method to entice a purchaser would be to do a lease choice purchase instead of the normal method of doing an straight-out sale. Once the preliminary terms of the contract are satisfied, if the purchaser desires to proceed, they acquire the home at a fixed price that is lower than your original asking cost.
Find the Most Appropriate Asking Price For all the research and historic information that’s readily available, discovering the best listing cost is in some cases less of a science and more of an art. Sure your neighbor’s home may have cost a similar price but it’s likewise a various model with different functions. Plus who recognizes what way the wind blows the whims of purchasers from month to month. The reality is, while you might have your heart set on a specific price, dropping it even a little can have a significant influence on the method its viewed on the market. And if you’re not getting any bites, what do you need to lose ( aside from that couple of bucks)?
Offer For Sale Your Residential Property As-Is All of these options have their advantages and disadvantages but the majority of them either indicate remaining on the market for much longer than you wanted to get way less loan than you expected. Another opportunity you can do is to offer your house to an financier who will buy it as-is. They’ll give you a reasonable cash deal in order to close the transaction rapidly, enabling you to move on with your life. You don’t have to get tangled up in any tricky legal situations or rely on renters, lenders, or lease option occupants in order to close the offer. Trustworthy business like PHP Houses more than happy to sit down with you and find out an deal lets you get on with your life and find your next house.
PHP Houses 142 W Lakeview Ave #1030 Lake Mary, FL 32746 P: (407) 519-0719 F: (407) 205-1951 info@phphouses.com
Real estate markets waver– in some cases they are certainly sizzling and there are so many purchasers that sellers will list a property and it gets snapped up the same day. At times markets are kind of soft, which in turn suggests a home may perhaps stay on a listing for weeks or maybe even months without receiving any offers!
Home-owners who are offering for sale their houses in the second kind of market are frequently astounded and dismayed to discover just how long it can really take.
That time frame can be troublesome to your life, particularly if you have to wait for the sale of your own residence in order to purchase another house or transfer to a different area.
Regardless if you’re deciding on to sell your house by yourself, or you’re working with the services of a real estate professional, listed here are some strategies to help you sell your home as promptly as feasible.
Here are ways in which to sell your residential property rapidly in Central Florida.
Capture Visibility For Your House
Selling your house is a PURCHASE. And in every single sale, you really need to start by landing the interest of possible buyers. This means making your home stand out, or doing anything that makes somebody stop and look. Sometimes it’s a red-colored entryway in a suburb of blah exterior doors. Maybe it’s a unusual price that makes folks look twice. Possibly it’s a hilarious caption in a marketing brochure.
Set Apart From the Nearby Residents
To pull in a prospective individual, you need to try to make your home unforgettable. Contemplate putting colorful designs such as high grade house windows, landscaping and maybe even a fresh roof. These things will enhance the appeal of your property and elevate it’s resale value.
Dispose Of The Stuff
It is immensely important to clear away all the clutter from the property before showing it off. This is due to the fact that individuals need to envision themselves in that space. Because of this, you might actually want to get rid of some household furniture to establish a bigger space, and also removing all your family images and other personalized possessions.
You can hire an expert to clean the clutter on your behalf.
Sweeten the Deal
You really want to sell your house quicker in Central Florida. Then find out just how to sweeten the package. You can provide particular terms that will sweeten the pot. For instance, coughing up the closing costs for your purchaser. This will attract more interest from people who are scouting for the best house deals in Indiana.
Market Your Property All Over
As you advertise your house, be sure to promote it anywhere you can. Make use of social networks, internet sites, blog sites, web video, and just about anything else you can think of to get the word out regarding your property. Even if your real estate agent is promoting the property, you should really do your own marketing to promote the house too.
Here’s one other way to sell your house fast that you might not know about … Did you know that there are real estate investment companies out there that buy properties for cash?
At PHP Houses, that’s what we do! We find residential properties and buy them for cash … we’ll also purchase them as-is and we close very, very quickly (often in as little as a week). In the event that you want to promote your house on your own hoping to get the greatest offer possible, go ahead– we’ve supplied you some excellent tactics in this blog site post. However, if you prefer to take action really fast and sell your house right away to us, get in touch at 407-519-07-19
Selling a distressed home doesn’t need to be stressful. Discover more about how to sell your distressed Central Florida home in our latest post!
You may think that selling a distressed residential or commercial property will be tough and lengthy. With our leading 9 specialist pointers for offering a distressed home, you will be able to offer rapidly and for a reasonable cost.
Idea # 1: Prevent Expensive Agents Offering your distressed residential or commercial property to a professional purchaser such as PHP Houses, will conserve you time and money. Listing your Central Florida home can be pricey and you will have no idea when it will actually offer.
Idea # 2: Make It Pretty If your home is in need of major repair work or if it is going into foreclosure, you will likely want to offer it quickly. Try to showcase the property’s potential to assist people see beyond its defects.
Tip # 3: Reveal Whatever No matter what is wrong with the property, you need to be upfront about it. There is a buyer out there for your property, and you will discover them!
Idea # 4: Find The Right Buyers Market to financiers and other purchasers whom you think would have an interest in your house. Another unique way to discover investors is to browse for “we buy houses in Central Florida companies” in your search engine.
Idea # 5: Be Patient There isn’t as large of a market for distressed residential or commercial properties as there is for turnkey houses. It might take a while to find a purchaser. This can be irritating when trying to sell within a particular timeframe. If time is an concern, your best choice will likely be selling it directly to a home buying company in Central Florida.
Suggestion # 6: Be Versatile It is important to have a strategy B simply in case you aren’t able to offer the residential or commercial property. Consider leasing it out if you are able to or discovering a loan to assist you with repairs.
Suggestion # 7: Know The Worth You may believe your home is worth a certain quantity, once you consider the needed repair work and update it requires, the real value of your property today might be much less than you had actually initially thought. Be sensible about what your house is worth in the condition it is in. Don’t anticipate to get list prices for a house that requires repairs.
Pointer # 8: Documentation Done If you select to sell the house by yourself, you will be responsible for taking care of all the documentation. You will require to provide disclosure files and produce the contract. Whatever should be legal and by the book as to safeguard yourself. When you work with us, we manage all the documents, so you will have one less thing to worry we buy houses Central Florida about.
Pointer # 9: Don’t Appear Desperate To Sell If you are able to, stand company until you are able to get a practical deal on your house. At PHP Houses, we always pay fair costs for homes, distressed or not.
PHP Houses 142 W Lakeview Ave #1030 Lake Mary, FL 32746 (407) 519-0719 info@phphouses.com
With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process.
So what is a pre-foreclosure in Florida anyway?
Many homeowners across America are facing difficulties making their monthly mortgage payments.
When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. If a homeowner fails to make the necessary payments, the bank will file an action to foreclose on the home in the court. Thankfully, during this stage of the process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.This period is known as “pre-foreclosure.”
Banks and mortgage lenders typically provide three months for the homeowner to become current before they go to court and file the action to Foreclose on the property. Of course this number can vary by bank and situation sometimes.
Pre-foreclosure Options for Borrowers
If you’re behind on mortgage payments, you’re likely to receive a “notice of default” from your mortgage lender.
This document will state that you have not made mortgage payments for the last 90-180 days. It’s important not to panic.
You have options that can delay or even prevent losing your home:
If your mortgage is “above water,” (meaning you have equity in your house) you may be able to refinance your mortgage, receiving lower monthly payments. Check with your local mortgage broker… or contact us and we can connect you with a reputable one.
You may be able to quickly sell your home to a real estate investor that’s reputable in Central Florida like us at PHP HOUSES LLC, using the cash acquired to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments. We can buy your Central Florida area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.
You can contact the bank and ask them to permit a short sale. In a short sale, you’ll sell your home for less than it’s worth, and the bank will take the loss as a tax write-off. In some short sales you may still be required to pay the difference to the bank if the house doesn’t sell for what is owed on the loan.
You may be able to declare bankruptcy, which can buy you time to pay your debt. Bankruptcy will remain on your credit report for years, and can cause significant damage.
You may be able to Deed-in-Lieu your house, deed in lieu of foreclosure occurs when the homeowner deed the property to the lender to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to the lender and some disadvantages to the borrower.
Lenders are very much aware of the widespread financial troubles across the country and they’re willing to work with borrowers a lot of the time.
If you’re honest and communicate with your lender, you’ll often find that there are options that will allow you to remain in your home, or at least salvage your credit rating.
A foreclosure can often negatively affect your credit score by 200-400 points and can prevent you from obtaining a loan of any sort for 5-7 years, so be very dutiful if you’ve received a Notice of Default from your lender.
But if you’re not able to find a solution with your lender working directly with them… connect with us. We may be able to help.
Ways We Can Help If You’re In Pre-Foreclosure
We can potentially help with a short sale – Submit your info on this website so we can evaluate your situation to see if we can help.
You can ask us questions and we can provide you FREE guidance and resources so you can make a well educated decision. This costs you nothing, there’s absolutely no pressure, no obligation… just free guidance without a catch.
If you’re in the pre-foreclosure stage… you’ve still got time to fix this situation.
Just connect with your bank to see if they’re willing to work with you… or contact us if you’d like to see what we can buy your house for or to tap into our free foreclosure foreclosure resources.
Contact us: PHP Houses 142 W Lakeview Ave Unit 1030 Lake Mary, FL 32746 Ph: (407) 519-0719 Fax: (407) 205-1951 email: info@phphouses.com
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
You only have to drive around your town for a little while to come upon “We Buy Houses” type signs plastered all around on telephone poles or street signs. The signs let you know that there is a company out there that will buy your home, no matter what state it’s in. These Investors who are looking to flip your house for a profit. House flipping has become a lucrative business model for a number of real estate investors.
By definition, house flipping is where a real estate investor purchases a property for less than its value, makes any necessary repairs and updates, and then sells the home for a profit typically within a short period of time.
House Flipping Companies – Pros And Cons
Pros of selling to a house flipping company
1. It’s easy.
Selling a home that needs work can be challenging if you want to get the best possible price. With a house flipping company, you avoid the difficulty of trying to sell for a good price. Instead, you sell to a company that will buy your house for the lowest price it can get away with. In exchange for taking a low price, you can quickly free yourself of the burden of owning the home. If you are in desperation mode this is often times your best bet. Selling to a real estate investor can get you out from under a problem very quickly.
2. You only have to make one decision.
Your only decision when selling to a house flipping company is to sell, or not to sell. You won’t have to decide what repairs to make or who you want to sell to. You will get an offer and make a single decision. After that, you are free of the home. Most often a house flipping company will be paying cash and there can be a quick closing if this is what you are after.
3. You don’t have to find a real estate agent.
Finding a good real estate agent can take a little bit of effort. You may have to interview several to find someone you are really comfortable with. You also don’t have to worry about disagreeing with your real estate agent once you hire one, which can happen. You are going solo.
4. You don’t have to waste your time going for sale by owner.
Trying to sell your home as a for sale by owner can be extremely challenging, to say the least. While the goal for most owners is to save on paying a real estate commission, it is a lot of work to accomplish this. For sale by owners need to keep in mind the following:
You need to have some good marketing skills to make sure your home is found online. This is where the vast majority of buyers will be searching for a home.
The photography on your home needs to be excellent.
You must make yourself available for showings which may mean times of the day where it is not convenient for you.
The buyer needs to be qualified for a mortgage so it will be your job to make sure this is the case. Make sure you understand the difference between pre-qualified vs pre-approved.
There will be nobody there to represent you at vital stages of the home selling process such as the buyers home inspection.
When you sell to we buy houses company all of the headaches associated with selling as a for sale by owner are avoided.
5. You can probably sell no matter what shape your home is in.
A home can deteriorate considerably over a long time period, especially if regular maintenance is not conducted and repairs are not made as necessary to keep all components of the house in good working order. You may have a home that you want to sell that is virtually uninhabitable. But even in this state, there is probably a company that will still buy it. Not for very much money, but someone will still purchase it if just to obtain the lot that the house sits on.
Cons of selling to a house flipping company
1. You will probably make less on the sale.
When you hire a real estate agent, he or she is working to make you as much money as possible from your sale but it will take longer and requires more work and time from your side. Hiring a Realtor since it takes longer means that seller would have to pay for all the house related expenses while is sold. It is true that the Realtor takes a percentage of the sale price as financial compensation, so he or she is motivated to fetch the best price but at the end you could be getting less money.
2. You don’t have the option of improving the home to improve the selling price.
Even homes that are in relatively bad shape can often be improved to attract better quality buyers. In fact, that is probably what the house flipping company is planning on doing with your home.
They will buy it, fix it up, sell it and make a profit. When you sell with a real estate agent, you get to make the improvements and reap the rewards. However we must make the distinction between fixing or repairing and improvements. When the property needs things to be fixed that takes time and money and maybe it will payoff. On the other hand and depending on what types of improvements the house needs usually seller would never recover the amount of time and money invested on improving the house.
There are things you can do to a home that does not cost a lot of money that many owners don’t realize. Here is a how to make your home more appealing when on a budget.
3. You give up control.
A house flipping company is focused on finding sellers who are desperate or just don’t care anymore. If you do care and you are not desperate – you just want to sell the house – there is no reason to work with a flipping company. You wind up working with a company that does not have your best interests in mind.
House flipping companies are not necessarily bad. They fill a niche and are capable of helping homeowners who have no other options. For those with no options, getting paid to get out from under the home is an opportunity worth taking. But if you think that maybe you could get more for the home, a house flipping company is not the partner you want.
As you can see there are many pros and cons of we buy houses flipping companies. What you really need to be concerned about are the scammers!
House Flipping Risks
While many “We Buy Houses” flipping companies are completely legit, there are some that are not. Selling to a real estate investor is something that requires some due diligence on your part. It is imperative that you do careful research when dealing with a house flipping company.
There are some common house flipping scams that all sellers should be aware of. The preceding link does an excellent job of summarizing many of the known scams out there. Just be careful and make sure none of these things mentioned are happening to you!
One thing you should know is that there are a few legit ones “We Buy Houses” companies out there and one of them is PHP Houses.
You should put extra scrutiny into any of these companies. Calling a house flipping company from a sign on a telephone pole and establishing a relationship with them without any research could end up being financial suicide.
Find a company where the investors are also Real Estate Agents and/or Brokers Before Choosing A House Flipping Company. Real Estate Agents and Brokers are liable to the State Professional Regulation Departments and the local Realtors Association for every transaction they make and usually know the legalities and markets better.
Depending on your circumstances, a house flipping company may be the best option for you. However, it is worth speaking to a Realtor first. As long as you are talking to a reputable real estate agent, he or she can give you quality advice on your options for selling the home.
The Investor/Real Estate Agent can come by and take a look, analyze your local market and give you a clear picture of what you can make off of your home – with or without repairs.
Talk to a trusted investor/real estate agent, then decides how to move forward. Maybe a house flipping company will serve your needs. Or, you may discover that you can make a lot more money by hiring an agent and selling your home.
