New year, New Enthusiasm among buyers…

New year always brings new enthusiasm among many consumers in many different areas whether it’s weight management or changing job or having family or buying new home or something else.
Let’s stick with our topic of Real Estate. Many people usually decide to change where they live and might want to buy their first home this year. It might be their resolution which they been waiting to take action on for years. They might be just ready financially and mentally to jump on the bandwagon to be homeowner. I would like to welcome them and it might be good year to buy your home.

Market around Houston are somewhat stagnant and many builders are holding on their horses to see what’s going to happen with the oil Industry and Job market around town. Last year was bit slow due to the job losses and picked up later point. With Trump administration coming into office, that also brings some uncertainty among people. It’s not going to change much in the Real Estate Industry but possibly in Oil Industry which might have an impact in Job market cascade to the Real estate since its all interlinked.

Anyway, if you waited in side lines for so long. It’s not bad time to start your home vetting process. If you are new home buyer, Don’t forget to ask for Realtor Rebate!!!

What’s Realtor Rebate?
Many don’t even have a clue about the Realtor Rebate which is know secret in Texas Real Estate market. Realtors are allowed to share their commission with their clients in form of rebate or contribution towards their closing cost. It’s up to the realtor and client to work out how much rebate will be provided. It all depends.

I provide rebate to all transactions whether its New home or Resale or Selling your home to move to your new home. It all depends on the sales price and amount of work involved. You can see the list of Recent Rebates provided to my clients to get some idea.

For New home buyers, I only keep a flat amount and give back every things. That flat fee/amount is based on the sales price and help needed from my side. It starts from $1500 for house price $200,000 and less to $2500 for houses up to $500,000. Email me at houstonvijai@gmail.com or Call/Text me at 281-912-3112 to find out more for your situation. I am happy to help out with your new home purchase and make the experience easier with all my experience.

A happy but unpredictable year on its way…

That’s right folks!!

With lots of surprise happenings this year setting forward to an unpredictable new year. Especially, when a new president swearing in the office with lots of new agendas and ideas, it’s expected to be unpredictable in varies ways. Whether it’s Trade, Economics, Housing or Foreign relations, many things are on the move with different dimensions so every one is just waiting for Jan of 2017.

Whatever it is, it’s going to be brand new year with renewed hope and lots of expectations on all ends.

Happy New year to all our Buyers, Sellers and Investors…

Buyers – Do you have any clue about CLUE report?

Many insurers use CLUE — Comprehensive Loss Underwriting Exchange — to report and check the claims history of homes. Yet, only 12 percent of buyers say they ask for a CLUE report before buying their current home, according to the survey.

Eighty-six percent of Americans are unaware that insurers’ use of the claims history for the previous owners of their home can be factored into setting their premiums for a new policy, according to a new survey of more than 1,000 adults by InsuranceQuotes.

“Consumers of all ages, from millennials to seniors, are almost entirely unaware of how the CLUE database affects their insurance rates,” says Laura Adams, senior insurance analyst at InsuranceQuotes. “In most states, an inquiry about property damage can be added to your CLUE report and used against you, even if you never file a claim.”

Only the owner of a property can request a CLUE report. Homebuyers, therefore, need to ask sellers to obtain a copy on their own behalf.

“The CLUE report, which maintains data up to seven years, is a valuable tool for homebuyers because it reveals prior claims and potential risks,” Adams says. “It also helps homesellers provide full disclosure about their property’s condition.”

The CLUE report can be obtained for free once every 12 months.

Don’t forget to ask for the CLUE report which will surely give you a clue about the property claims.

Source Courtesy: InsuranceQuotes

6 Single Family property for Sale – Investors Only – Missouri City

Hello Investor,

I am currently working with an investor seller agent who has 6-8 single family houses to unload from their portfolio. They are almost all 1980 built but all tenant occupied with rents ranging from $1300-$1400. They are upgraded a bit but still might need upgrades or changes as the tenant move out. They are priced $125-$130k which is the current market rate in that area but we should be able to negotiate down if buy in bulk 3 or 6 properties.

Let me know if anyone interested, I would be happy to pursue on it for you. Here is one of the properties in the market,
http://www.zillow.com/homes/1403-Blue-Diamond-dr,77489_rb/

Check it out and Call me 281-912-3112. I would be also happy to provide Property Management services for these properties to help you manage and get good return for your money. Check out the Flat Rate Property Management details.

Real Estate Investing – Really a good route & How to start?

Investing is not a gamble which many individuals try to avoid. I would say not really. It’s a money making tool like any job or business. I know many of you won’t agree with me and I can visualize many nodding their head saying “No way”.

Let say you go to a job with the knowledge acquired from school and work towards making money and settling down in life. Similarly, if you are educated properly on investing whether it’s stock or real estate, you will invest your money yourself towards goal to get better return for your investment to either run every day life or save for future or getting more things you wanted. The only difference, you are investing your own money instead of someone paying for your work. That’s the common sense behind investing.

There are different vehicles you can use to invest. You can start your own business with passion on certain field and make active income. Or you can invest in stock market or rental properties to earn a passive income. Passive income is different than active income. Like Rich Dad, Poor Dad author Robert Kiyosaki explains in his book and this quick video, Passive income gives freedom compared to Active income. How? When Passive income start replacing your active income, you will reach your financial freedom. You don’t have to work anymore to make active income.

Enough talk about Investing in general. Let’s talk specifically into Real Estate Investing. Real Estate has always been best vehicle to use other people money and invest your money to bring in passive income without actively work on it. By buying a rental property and making it work for you does three things,

  • Principal Pay down from rental
  • Appreciation
  • Cash flow to build passive income

There are also other advantage like equity build up if bought low and Tax advantage as well. You can learn more about Real Estate investing on websites like RealEstateInvesting.com, BiggerPockets.com etc., The websites can explain about different strategies like Flipping, Rental, Wholeselling etc., I would strongly recommend on Rental Portfolio building for your passive income.

Rental Property Investment
As per Rental Property Investment, some thinks real estate investing is getting the property at low value and keep it invested for long and earn rental out of it. Yes, buying low and selling high is always good but doesn’t happens all the time due to the nature of the market. Building Rental portfolio is buying one property every year or every two years with your saved up cash and mortgage grow your asset and cash flow adding up Passive income. That should be the goal!!

You can find good rental properties even in the peak real estate market. You might have to pay the market price but you are building the portfolio to get passive income via cash flow. Appreciation and Equity build up should be icing on the top. Try to learn about finding good rental properties and research your local area and find a good realtor to work on investment properties. Not all realtors are good in investment properties. Many realtors work with home owners which is different than working with realtor who has experience in dealing with investment properties. Build your team slowly with Realtors, Home inspectors, mortgage company, title company and so forth by communicating with realtor and other local investors.

Next jump on the field by testing your skill by looking at properties and estimating the expense required and may be try to put some offers together and figure out the numbers. Get yourself ready and start making offers on right property with the help of the realtor. Work with him to close the property and start getting it ready to put in the market as quickly as possible so it can start making money. Don’t sit on it for long!! Wallah you are an investor now and start managing the property and experience being the landlord for 6 months or year and start slowly looking for next one.

We will talk about Managing Rental property in the next post. I have helped many to buy property and manage on their own. If you don’t want to go that route, we can also manage properties for you. Check out Flat Rate Property Manage page to get more information.

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