INVESTMENT RENTAL PROPERTY Buzz

Home Depot is coming to town
December 4th, 2007 3:41 PM
 
Hi Everyone!
 
The latest news in central Vermont is that Home Depot is coming to town, specifically locating themselves in the old Ames building that is located on the Barre-Montpelier Road in Berlin.
 
With new jobs and increased traffic the real estate for apartment buildings becomes much more attractive to potential renters.
 
To see all the details regarding regarding the permit process and Act 250, please go to the following web address:
 
 
Let me know what your thoughts are regarding Home Depot coming to central Vermont.
Posted by Barrett Gregoire on December 4th, 2007 3:41 PMPost a Comment (0)

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Real Estate Investing 101
October 26th, 2007 1:08 PM
 
In looking at today's real estate market, there is a lot of opportunity for the real estate investor.
 
With an over abundance of property on the market and banks being somewhat skittish about lending, they still are in the business of lending.
 
For the new real estate investor, researching, planning and follow up are key to securing a property that provides positive cash flow and allows you to make money when you buy it and when you sell it.
 
There are some investors out there who believe that you only make money on rental properties when you sell it.
 
My question is, how come you can make money on the property when you and buy it and when you sell it?  This is what I look for when it comes to purchasing investment rental properties.
 
For additional thoughts and information I recommend visiting the following web site
 
 
There is a lot of great information on this web site that will help both the beginner and seasoned real estate investor.
Posted by Barrett Gregoire on October 26th, 2007 1:08 PMPost a Comment (0)

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Rental Property with Owner Occupancy
October 25th, 2007 3:25 PM
 
One of the areas to consider when investing in rental properties is will it allow for owner occupancy.
 
This can take the shape of actually living in one of the units or using one of the apartment units as an office.
 
Its can be an effective way to manage and grow your real estate investment portfolio.
 
Key point to keep in mind is that will the rental property provide positive cash flow and can you effectively attract quality tenants.
 
This can be a stumbling area with any rental property and this where you need to check the local papers, research online and setup a criteria for the kind of tenants you want.
 
By knowing exactly the kind of tenants you want, it will be easier to target your advertising and communications to this audience.
Posted by Barrett Gregoire on October 25th, 2007 3:25 PMPost a Comment (0)

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Rental Properties - How Do You Decide?
October 22nd, 2007 1:58 PM
 
There are numverous choices as to what rental properties to invest in.
 
The question is what type is the best based for the investor starting out.  Do you invest in three unit or fifty units, vacation rentals or long term.
 
My suggestion for the new investor is to start small.  Purchase rental properties that are either three or five units and stay in one of units for the long haul.
 
This way you can police the property to make sure that its not being vandalized and that it is properly maintained.
 
It's always better to start with one small property and acquire the skills and experience necessary to purchase more in the future.
 
Keep in mind that your want to look for properties that don't require a lot of maintenance and can easily attract qualified tenants.
 
Remember, your acquiring an income stream.
Posted by Barrett Gregoire on October 22nd, 2007 1:58 PMPost a Comment (0)

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Calculating the Financials on an Investment Property
October 12th, 2007 10:38 AM
 
So How do You go About Calculating the Financials on an Investment Property?
 
There are several ways to do this and the one I recommend using is a spreadsheet program like Microsoft Excel.
 
Areas you want to concentrate on when putting together a spreadsheet for an investment property are the following:
  1. 20 year cash flow projections.
  2. Cash on cash percentages and that would include before and after taxes.
  3. Annual Property Operating Data (APOD) - This includes everything from trash and snow removal as well as general maintenance and repairs.
  4. Appreciate Rate.
  5. Rental growth rate.  This can be determined by shopping comparable apartment units in your area or reviewing newspaper ads for the last three years advertising similar apartment units.
Like with any investment property, the more thorough and accurate your financial information is, the more sound the investment purchase becomes.
 
 
Posted by Barrett Gregoire on October 12th, 2007 10:38 AMPost a Comment (0)

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Qualifying the Local Economy
October 8th, 2007 11:13 AM
 
So how do You Qualify the local Economy?
 
Well, there are a number of ways to obtain key information that determine the health of a local economy for real estate investing.
 
Here are three excellent ways to do this:
  1. Read the local papers for a month to get a feel for new businesses moving in the area or existing businesses that are expanding.
  2. Check out the local politics of the town or city your considering purchasing investment properties.  You can do this by visiting their web sites or stopping by city hall and picking up any literature indicating new ordinance, permits or local legislation.
  3. Talk to current investment property owners and get an understanding as to how the renting and real estate climate is performing.
These tips will assist in your research of a local economy in which your considering purchasing investment properties and will help to insure healthy returns.
Posted by Barrett Gregoire on October 8th, 2007 11:13 AMPost a Comment (0)

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Should You Buy a Fixer Upper Rental Property?
September 26th, 2007 1:36 PM
 
These days with the cost of building materials and the local permit process, you could do well to find a property with minimum construction work.
 
It's not to say that you can't make money with a fixer upper, its just that you really need to do your homework.
 
More specifically, you need to carefully examine the areas of a rental property that do require construction work and have a solid and clear understanding of costs.
 
You can do this by setting up a spreadsheet that nails down every single detail of project cost.
 
Additionally, you can purchase ready made templates from an office supply store that deal with construction management.
 
This will save you a lot of development time and you can customize certain features of a ready made template to fit your particular project.
 
Of course, if your handy with tools you can save and manage labor costs and tightly supervise the project so it doesn't spill out of control.
 
 
Posted by Barrett Gregoire on September 26th, 2007 1:36 PMPost a Comment (0)

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Key Ideas for Investment Property Research
September 25th, 2007 11:24 AM
 
In conducting your research for an investment rental property there are three key points to keep in mind and they are:
  1. Shop the local rents in your target market area.
  2. Read up on local news and events to get a feel for the economic climate.
  3. Fact check the numbers to make sure your paying a fair price for the property and that the property is self supporting.
To determine the rents to charge in your market area, you need think like a tenant and go through the steps that a tenant would go through.
 
Next, talk to the local Chamber of Commerce to get a feel of the business climate and for new developments that may be occurring in the area in which your rental property is located.
 
By fact checking you want to see what similar properties have sold for in a given area.
 
Please feel free to add your thoughts and ideas regarding the purchase of rental properties.
Posted by Barrett Gregoire on September 25th, 2007 11:24 AMPost a Comment (0)

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Real Estate Investment Strategies
September 18th, 2007 10:32 AM


When it comes to real estate investing, especiallly investment rental properties, you need to do your homework.

It's a lot of work in the beginning, yet, the payoff can substantial.

Please view the following video to learn more about investment rental
properties.

 

Posted by Barrett Gregoire on September 18th, 2007 10:32 AMPost a Comment (0)

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