Homeowners Earned Nearly $1 Trillion In Equity Last Year

Homeowners Earned Nearly $1 Trillion In Equity Last Year

Real Estate has been the main source of wealth and the most assured tried-and-true investment providing steady growth. Typically the largest lifetime purchase for most families, a home is no longer just a place to live, it accounts for a large portion of most investment portfolios, private or personal.

Last year, homeowners across the nation earned $908 Billion in equity last year. California, with no surprise, saw the largest double-digit growth across the nation: $44,000 increase in equity on average. This growth was also helpful in getting more than half-of-a-million borrowers rise above water in their mortgage, which represents about 63% of homeowners. This is largest home price growth in 4 years and will add $50 billion to the US consumer spending in the next 2 years!

 

Home ownership is the most assured way of preserving and passing wealth down from generation to generation. Take the time to contact me, Tarek El Moussa and let him show you homes with the highest growths over the last two years: +1.949.337.8808


Starter’s Guide to Flipping Homes for Profit

Starter’s Guide to Flipping Homes for Profit

Starter’s Guide to Flipping Homes for Profit

With many real estate shows highlighting the profit of flipping homes, HGTV’s Flip or Flop for example, starring our very own Tarek el Moussa, the process seems fun, easy and a quick way of to make money. In reality, it takes hard work, making mistakes, learning along the way and being frugal so that you walk away making a profit.

1Assess Your Budget

You must take stock of your financial resources; how much you have to invest or whether you will have to find backer. Finding someone to do a Joint Venture with you may be a good way to start.

2 Begin Building Your Team

After finances, you need manpower, including people power to help you find, fix & flip the property. Your team will include brokers, contractors, architects, insurance specialist and lenders. Good thing Tarek is a one-stop shop!

3 Find a Good Property to Flip

Research Research Research! Become the area expert. That’s where you will find the hidden opportunities! This is where a great Real Estate agent comes in handy. They have already done the work for you!

4 Do the Math

You are in it to make a profit, right? The numbers have to make sense! After Repair Value (ARV) entails subtracting the purchase price, repairs and your carrying costs from the final potential sale price.

5 Micromanage the Project

Don’t leave things in the hands of the contractor! Supervise the repairs; treat it like it’s your own house! Do you really need to have gold covered faucets? Maybe, but often not!

6 Work Fast

Time is Money! And more so in this business. The longer you take with the project, the more you will pay!

 

Think Smart. Be passionate. Go for it. Look where it got Tarek! You can do it!

For more, please visit: SuccessPath "Flipping Houses" (http://successpatheducation.com/blog/category/flipping-houses/)


Investing in Multi-Family Units

Investing in Multi-Family Units

Most investors begin investing in single family residences, gaining confidence over time, it is now-a-days easy to find investors and silent partners and to build the business up slowly to own larger multifamily units.

Networking with the right people is very important, particularly with other groups including realtors, investors, and larger multi-family brokers, such as Tarek el Moussa.

Determining profit margins is critical, as with any investment. As investment pool grows, it becomes easier to get into larger units. And given how active the multi-family unit is, and with the large pool of renters, the investment makes sense.

Additionally, ‘value-add’ units, where there is room to improve condition, is a particularly good investment.

Remember why people invest: to increase capital and revenue! Look for where it is possible to increase rent & increase occupancy, based on increasing the value of the property. You can then leverage the asset of others, while enjoying having ownership of the property.

After all, it makes sense to have 18 units and renters under the same roof, than 18 different properties to manage!

  1. Develop track record.
  2. Network with people that are investing in the same type of properties. Reach out to Tarek.
  3. Talk to an attorney about how to setup an equity partnership.
  4. Always add value add, don’t pay top dollar for top product.

How to Buy Large Multiple Family Units with No Money Down

How to Buy Large Multiple Family Units with No Money Down

Most investors begin investing in single family residences, Gaining comfort over time, it is now-a-days easy to find investors and silent partners and to build the business up slowly to own larger multifamily units.

Networking with the right people is very important, particularly with other groups including realtors, investors, and larger multi-family brokers, like Tarek el Moussa.

Determining profit margins is critical, as with any investment. As investment pool grows, it becomes easier to get into larger units. And given how active the multi-family unit is, and with the large pool of renters, the investment makes sense.

Additionally, ‘value-add’ units, where there is room to improve condition, is a particularly good investment.

Remember, why do people invest: to increase capital and revenue, Look for where it is possible to increase rent, increase occupancy, based on increasing value of the property. You can then leverage the asset of others, while enjoying having ownership of the property.

It makes sense to have 18 units and renters under the same roof, than in 18 different homes.

  1. Develop track record.
  2. Network with people that are doing what you want to get into. Get to know Tarek.
  3. Talk to an attorney about how to setup equity partnership.
  4. Always add value add, don’t pay top dollar for top product.