Are you thinking about flipping houses professionally without existing wealth? The real cash in flipping houses comes from sweat equity. That's while you'll see professional builders, carpenters, and other handy skilled tradesmen in the house flipping business doing well for themselves. These people know enough about home repairs and renovations to create the sweat equity to make flipping houses profitable. Often you will find skilled tradesmen who flip houses during the winter when they are out of work for the season. This helps contribute to an annual income, because the unemployment checks certainly won't cover all their family expenses. Oftentimes,
If you're new to investing in Atlanta and are looking to invest in the Midtown area, you may wonder, "What's the Midtown Alliance?" Midtown Alliance Midtown Alliance's dedicated staff works to create the most desirable urban experience for Midtown. It's been around since 1978 and has been a driving force behind the revitalization of the area. Midtown is a migration destination for residents and it's a destination point for commerce, learning and cultural experience. Much of this is due to the hard work of teh staff at Midtown Alliance. Midtown has been redesigned to be a live-work-play community with a
Redfin looked at metro areas with at least 500,000 people to determine the hottest real estate markets in the country. This week, it names Atlanta one of the hottest markets in the country. More than 28 percent of Atlanta's homes for sale stayed on the market less than two weeks and 21 percent of Atlanta homes sold for more than the asking price. Atlanta is currently a top migration destination, similar to Charlotte, another area where we serve investors.In the third quarter, Atlanta ranked number two in the country as a top migration destination. Meanwhile in Atlanta, investors are banking
There’s a lot of interest in investing in places like Nashville and other strong secondary markets right now. This is due to economic and cultural factors driving people out of more traditional markets. Plus, when you consider the quality of life in much larger downtowns, it's no wonder smaller, homier downtowns are the next big thing. These secondary markets prime for investing are great tourist destinations, just like Nashville. They are also key areas for music and the arts, just like Nashville. Here's what these secondary markets desperately need: Residential condo units. (Last year, Nashville gained a mere 71 units.)
Experienced investors still feel really good about investing in Charlotte real estate. This is especially good for multifamily dwellings, even large apartment complexes. Both the suburbs and the central business district apartments are fetching high numbers in recent trades. For example, a multifamily development in South Charlotte is under new ownership. Crescent Communities just sold Novel Providence Farm for $98 million to a real estate firm out of Chicago! The Spectrum Cos. and Invesco Real Estate have a huge South End development planned for a 5-acre block.project with an investment management company out of Atlanta. Investors at these two companies
Investors are taking advantage of the fact that nearly 28 percent of homes listed in Atlanta experienced a price drop last month. This makes Atlanta among the markets with the largest year-over-year increases in homes with price drops. Since we know that Atlanta has many areas that are growing, this makes for potentially prime investment real estate. Now, it might not be the best idea to buy a home to flip in the area right now, but it is perfect for investing in an Atlanta rental home. This is a great time for investing in Atlanta real estate after years
Funds used by the managing party to improve, maintain or acquire a property care called capital expenditures. You may also hear them called, "CapEx." This term applies when funds improve the useful life of an investment property. This term is used for expenditures used on assets expected to provide use to a business for more than one full reporting period. Capital Expenditures Some examples that could be capital expenditures includes buildings, subsequent costs to extend the useful life of the building, computers, machinery, equipment. Even office furniture that will last longer than a year can be considered a capital expense.
Have you wondered what an accredited investor is? There are plenty of different types of real estate investors. Yet, someone who fits one of these conditions qualified as an accredited investor: An investor with an annual single income of $200,000 (If married, a combined income of $300,000) An investor with a net worth of at least $1M (excluding primary residence) Plus, the investor would be expected to make at least the same amount annually. Don't worry that you won't be able to get rich investing if you're not an accredited investor, the SEC lets companies and private funds skip the
Have you heard of the commercial mortgage term, "Debt Service Coverage Ratio?" It's the term to describe the ratio that lenders use to evaluate and qualify for the financing of a commercials structure. It shows the cash flow compared to debt service. DSCR For Commercial Properties In general, most banks will need a ratio of 1.5 - 1.35 (net operating income to annual debt service) before lending for commercial property. They just want to make sure you will have enough cash flow to cover the payments each month. Net operating income should include interest, principal, lease payments and sinking fund.
Have you heard the term, "Effective Gross Income?" If you're starting out in real estate investing in Georgia or the Carolinas, you may hear this term. Also called, "EGI," it's the income that you'd have when you subtract losses of income from vacancy, concessions, model units, legal fees, employees, and bad debt. The reason it's important to know an apartment complex's Effective Gross Income is extremely telling. You don't only want to consider the Gross Potential Income. You'll also want to add in revenue generated from other things like coin-operated laundry, parking, or concessions. In order to determine your property's