According to Sean Tapenning, a real estate investor in Kansas City, Missouri, there are a lot of factors involved in the decision-making process that occurs before you invest in a new property. Obviously, the property itself, including its location and quality, come into play, as do certain financial considerations. It’s these financial details that we want to talk about today, and specifically the numbers and calculations you’ll need to run to determine if a property is worthy of your investment. Here are 5 of the numbers you’ll want to calculate before investing:
Rent/Cost
Rent/cost is an important tool for determining cash flow potential on a property - but only for like properties. In other words, this isn’t a calculation you’d want to use when
…
Austin is famous for many things: live music, great barbecue, and for its residents’ “Keep Austin Weird” outlook. During the month of September, Austin’s unique real estate properties will also be keeping Austin weird. Specifically, on September 13 the first ever Austin Weird Home Tour will be taking place and giving Austin residents a chance to get inside some of Austin’s mot unique properties. Thetour will include access to Casa Neverlandia as well as a house made with shipping containers and a home constructed out of adobe earth bags among others. Tour tickets range in price from $22 to $37 with proceeds benefiting the nonprofit organization Caritas of Austin. For more information pleasevisit the Weird Homes Tour.
The month of September is officially known as the start of fall. However, what most Austonian’s might not know is that the month of September is also a historically “slow” month when it comes to real estate transactions. Specifically, during the month of September, the number of sales transactions taking place in Austin is generally less than during spring/summer months. For example, in September 2013 the number of single family homes’ sales in Austin decreased by approximately 20%. While this trend does not signify a slowing in the housing market as a whole (ie: 2014 single family home sales neared the 3,000 mark for a second year in a row), it does mean two things. First, for sellers, it means that creative marketing strategies need to be utilized
The decision to purchase or sell real estate is one that should not be taken lightly. As a result, it should not come as a surprise that most people start researching their local real estate market months before making a real estate related decision. In addition to researching your real estate market, it is important to have a working knowledge of the mortgage rates including the murmurs of their rising. Specifically, according to the Home Buying Institute, Freddie Mac, the Mortgage Banks Association and the chief economist for the National Association of Realtors, it is anticipated that fixed mortgage rates will reach 5% or higher by the end of 2015. While these predictions are not a guarantee of what will happen, persons considering buying or
Austin is currently experiencing a hot real estate market, with many potential buyers not requiring much of sellers when purchasing their property. Despite this reality, if you are considering selling your home, consider these following tips to help ensure you receive top dollar for your property:
You have probably heard the phrase, “it is ten-times harder to hold onto wealth than it is to create it.” Fortunately for homeowners, the Internal Revenue Code provides homeowners with a tremendous tax break designed to help homeowners hold onto the wealth generated from the sale of their primary residence. This is great news for Austinites looking to sell in Austin’s hot real estate market.