Real Estate Tips for Investors……A must read!!

REIT Myth

Have you ever heard of a REIT? If your a real estate investor with income producing property  your going to want to make a serious note of this. If your thinking of forming a small group for the purpose of buying income producing property, find out how a REIT can save you a ton of money.

REIT……Real Estate Investment Trust.

Under the U. S. Federal income tax law, the definition of a REIT, is any Corporation, Trust, Group Association, that acts as an investment agent involving  income producing real property [or mortgages]. …continue

Investor Tips in a Rising Price Market

Paul Homes

When prices are going down in a market, savvy investor’s will always halt, pause and wait till there is certainty that the market has bottomed out. Cautious investors always follow this model when spending for profit.

Equally important is to use proper timing when the market shifts to prices going up.  A very different set of criterial comes into play for investors trying to find good deals in that kind of a market.

Timing

I cant say enough about timing in a market where prices and values are on the rise. For the last several month’s we have had slow, but steady improvement in home and land value’s. Each month has shown improvements without any dips along the way. We look for that trend to continue well into 2013 and beyond. So with that trend line now about 11 month’s long, it is important that an investor realize more about timing. …continue

Breaking News for Home Buying Investors!

Cape Harbour home

Great breaking news out of Washington for the home buying investors.

The long standing FHA [Federal Housing Authority] rule forbidding “Flipping” within the first 90 days of home ownership has just been waived!

FHA has waived that requirement in an effort to stimulate sales of homes in a sluggish and persistently weak recovering housing market here in the U.S.  By waiving this rule till 2014, FHA hopes to encourage investors to buy…rehab…and resell distressed properties. …continue

First Time Buyers……..I Suggest You “Skip” the Starter Home!!

Cape Harbour home

How about the concept of  “First Time” buyers……… skipping the starter home market altogether, and buying a larger “Forever” home, since it now takes longer to build equity in a home.

If you’re a first time buyer, no children, in your 20′s, have good income, it just makes sense to skip the 1200 – 1300 square foot home and go on up into the larger homes, with more to offer, and keep the home longer.  With record low-interest rates, homes still at bargain prices, 40 year mortgages being available……..why not buy a “Forever” home and grow into it.

The traditional thinking has always been for young couples to buy a small starter home……build equity over a few years, and as the family grew, sell and use that equity as your down payment on a larger home. That “start -out-slow” approach is no longer the approach in this “new normal” market. …continue

New Construction Returns to Lee County!

statistics

Building contractors in Fort Myers, North Fort Myers, Lehigh Acres, and Bonita Springs pulled 55  single family home building permits in September. In dollar terms, that equals $15.3 million in collective value. August had 41 permits pulled and for the same month of September, 2011 only 27 building permits were issued.

In these same areas, 18 permits were pulled for multi-family construction, compared to 29 the month before in August. September 2011, showed an amazing 74 multi-family permits issued.

I don’t have the breakdown by individual city or geographical area, but I was impressed when I did some digging, that Lehigh Acres actually had the most permits pulled for each of the 2 categories. …continue