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Turnkey Real Estate Investing

31 min read

2012 Survey of Real Estate Investors

By Chris Clothier on Sun, Dec 23, 2012

A joint survey from BiggerPockets.com and REI Nation polled residential real estate investors across America to reveal national sentiments toward real estate investments.

Investors Plan To Buy As Many Or More Residential Properties In The Next 12 Months

Despite rising prices and shrinking foreclosure inventories, most active real estate investors plan to buy as many or more residential properties in the next 12 months as they did in the past year.

America’s housing crisis generated nearly 4 million foreclosures and devastated residential equity for more than six years, but it also created a powerful new positive force in the nation’s residential real estate economy. Large numbers of individuals and small partnerships saw opportunities to profit from depressed prices and began investing in foreclosures and short sales, buying them at a discount and renovating them, either to sell at a profit or to rent out, often to families that had lost their homes to default. Investors accounted for as many as 25.3 percent of all home sales by May 2012. i

Investors played a critical role in the stabilization of local real estate markets ravaged by foreclosures. When few other buyers would take the risk, investors bought up foreclosures in local markets, restored buyer confidence and began the process of price stabilization, first in shattered Florida markets and then in the Western markets like Phoenix and Las Vegas. Investor-owned homes have established single-family rentals as a 100 billion dollar business and single-family rentals have become so numerous that today they outnumber apartments. ii

The investment potential of foreclosures and short sales now is attracting billion-dollar investments by well-financed partnerships and corporations. Plans are underway to create a new secondary market in securities backed by cash flows from single-family rentals. iii

Despite their marketplace impact, little is known about these residential real estate investors. How many are there? How many actively buy and sell properties continuously and how many are more passive, managing one or two at a time? How much do they spend to repair the housing stock damaged by foreclosures that take a year or more to process? How are they financing their transactions and what restrictions limit their activity?

As distress sales decline and prices improve, iv some are questioning the future role of investors. v Will their role diminish or will investors adapt to changing market conditions and continue to augment demand?

To help answer these and other questions, and to validate the role real estate investors are playing in the housing recovery, BiggerPockets.com, the nation’s largest and most active real estate investing social network, and REI Nation, one of the nation's leading providers of single-family rental real estate investment services, joined forces to sponsor a national survey on investor s and their near-term intentions.

ORC International, the leading global market research firm founded in 1938 that conducts the CNN|ORC International poll conducted the Real Estate Investment Realities survey. ORC’s CARAVAN Omnibus used both landline and mobile telephones on August 9-12/16-19/23-26, 2012 among 3036 adults , 1,515 men and 1,521 women 18 years of age and older, living in the continental United States. Some 2,285 interviews were from the landline sample and 751 interviews from the cell phone sample. The margin of error for the survey is +/-03%. All CARAVAN® interviews are conducted using ORC International’s computer assisted telephone interviewing system. 

Topics: Reports
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2 min read

An Interesting Development in Distressed Real Estate Investing

By Chris Clothier on Wed, Dec 19, 2012

Preachers encouraging squatters? A recent NBC news report revealed an unusual development in the housing market. In one Atlanta neighborhood, residents and church members have seen a rise in distressed property that is foreclosed and then abandoned, growing dilapidated and becoming what neighbors call "crime magnets." In order to preserve their neighborhood, residents have encouraged families to move into distressed property, fix it up, and keep the neighborhood clean and safe.  This approach is being encouraged to prevent neighborhoods from sliding further into disrepair and decline while also trying to bring in families from shelters and off the streets, especially during the winter months.  I can't say that I agree with this approach, but I understand where they are coming from.  I also think there may be another option.

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1 min read

Memphis Invest & uDirect Self Directed IRA Information Webinar

By Chris Clothier on Sun, Dec 16, 2012

Kaaren Hall of uDirect IRA Services and Chris Clothier of Memphis Invest

Did you miss it?  Not to worry...

Kaaren Hall, President of uDirect IRA Services out of Southern California, and Chris Clothier, one of the partners at MemphisInvest.com and DallasInvest.com presented a Webinar presentation this past week answering questions and giving out current information on the rules and regulations of governing Self Directed IRA usage.

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5 min read

Premier Property Management Memphis | November Rental Numbers

By Chris Clothier on Sat, Dec 15, 2012

Premier Property Management Memphis Performance

Another month has come and gone and it feels like the Memphis real estate market continues to heat up on multiple fronts. There are definitely conflicting numbers being released by different groups all wanting to paint the real estate picture in Memphis a certain way.  Home sales are up and sale prices are up.  But, foreclosures and short sales are also up and while it appears homes are selling for slightly higher prices, the pace is still way off from what a normal housing market looks like.

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2 min read

The Effect of the Housing Market on Investment Real Estate

By Chris Clothier on Sun, Dec 9, 2012

Real Estate Investing

NBC News reports that the housing market recovery is well on its way. Indeed, more people are buying houses, inventories of distressed properties are down, and prices are moving slowly upwards.

Interestingly, according to NBC, "Current homeowners accounted for 54 percent of October’s non-distressed market, up from 50 percent in June," while first-time home sales are actually declining. "Unfortunately, first-time home buyers are seeing just the opposite, largely left out of this surge in sales and prices. Their share of the market, usually up in the 40 percent range historically, fell to 34.7 percent in October."

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4 min read

Pet Friendly Real Estate Can Boost Your Real Estate Cash Flow

By Chris Clothier on Mon, Dec 3, 2012

For any investor wanting to get started in real estate investing, it is a dilemma. For others, it is a clear-cut issue. If you own investment property, you may feel hesitant to allow renters to have pets inside, especially if you have dreams of keeping that property pristine over time. You may also want to direct your property management company to no allow pets in your properties if you have a management company in place.  However, you may be surprised to find that there are many benefits to allowing animals, and it can even boost your real estate cash flow.  A great article from Karen Aho on MSN Real Estate points out the benefits of renting to tenants with pets while also pointing out that some of the 'best" horror stories are often far from reality.  The story also highlights one of the few if only studies conducted on rental properties and pets and it found that units allowing pets experienced a longer occupancy term, 46 months, compared to those that openly prohibited pets, 18 months. 

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