Where Real Opportunities Are In This Market: Our Case Study
August 26, 2009
I know we have been silent for a while here at NoBullRE.com. Quite simply, we have been busy doing real estate for our own accounts. Depending upon your location, you may be sitting on a small gold mine and don’t even realize it. In this upcoming series of articles, we will be providing an overview of what we are finding in our own market: Tampa, Florida. From the discussions that we are having with others around the country, you may find your market to be similar (and profitable).
So, over the next few days, here is our list of topics:
- How We Are Getting 2-3 QUALIFIED Buyer Showings PER DAY, PER HOME.
- The Unspoken Market….Where To Find 100’s Of Buyers
- The Investor Myth: Why You WON’T Get Real Homes At 50-60 Cents On Dollar
- How You Can Safely Profit From Us (And Probably Others)
We are getting ready for a big house sale in Tampa so I will do the best I can in getting this material out on a timely basis. However, we believe that for many of you around the country, it is important to learn from what we are seeing on the streets daily. Hopefully you can learn from our experiences and then profit.
How We Are Getting 2-3 QUALIFIED Buyer Showings PER DAY, PER HOME
Ever single day, I get 2-3 calls from realtors wanting to show our homes to first time home buyers in Tampa. So what is our secret? Let’s explore the possible reasons:
- We Are Selling Dirt Cheap To Home Buyers: No, list price is 92% of fair market (and appraised) value;
- We Have Spent A Ton Of Money Upgrading This House: No, our total rehab cost were $9,2000 and consisted mostly of painting, flooring, small repairs,
- We Are Paying Extremely High Commissions To Realtors: No, we offer 3-4% to selling agents, just like everybody else in town;
- Our Internet Marketing Is Dominating The Area: No, although we are big on internet marketing, it plays very little role in the area with simply listing on MLS the dominate factor.
Give up yet? Boy, this would be the perfect place to pitch a brand new course and all you have to do is pay XXX to get our wonderful secrets….. but I will make it even easier for you:
THERE IS REAL MARKET DEMAND FOR THESE HOMES
Let me explain. As we started to do our homework around Tampa and meeting with realtors, we kept hearing the same story, over and over again:
- 80-90% of the for sale market is short sales & bank REOs;
- New first time buyers just want to buy a house, not wait 6-9 months on a short sale or have to pay cash for a bank REO (and then fix it up);
- Almost all other properties actually for sale by owners are priced too high because they are upside down
Simply put, if you have a decent house, in move-in condition, and not a short sale, it will get traffic (in the right areas). One thing that most people don’t realize is that there is a good volume of people out there that did not own property in this latest RE crash. These first time buyers are sitting pretty and just licking their chops to find a good home and be able to buy for less than they are paying in rent. Realtors in Tampa are telling us that this is the best market they have seen in 3 years. All the while, the newspapers are still full of gloom and doom.
So, here is a tip for you. If you are interested in an area or even an investment property that somebody is trying to sell, call three realtors and tell them you are considering acquiring a property and turning around for resell. Talk to them about the market, realistic prices, etc. You may find out that you have a great opportunity already waiting for you.
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Tampa Home Pick Of The Week - July 2
July 2, 2009
Today begins our Tampa Home Pick Of The Week Program. This program works as follows:
The NoBullRE.com team is buying properties for our own portfolio in the Tampa market…. at times, we are getting an excess and will make thos available via our Home Of The Week Program.
These properties are exactly the type, quality, and locations of what we are doing for our own portfolio.
To learn more about this program, please visit this webinar replay: REPLAY WEBINAR
TODAY’S PICK:
Appraised Value: $120,000 Purchase: $89,900
Renter In Place AMT: $950/Mo.
email:Tampa@nobullre.com if you want to be contacted about this property.
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Florida real estate crash means Tampa Bay homes are too cheap, report says - St. Petersburg Times
June 11, 2009
A new article lines up with what we are seeing on the ground in Tampa with probably some over correction in prices. According to the article:
Tampa Bay area homes are too cheap. You read that right. According to IHS Global Insight, a economic forecasting company based in Lexington, Mass., our real estate is undervalued.
IHS took a measure of our depreciated home prices, population density, household income and historical attractiveness and insists our median home price of about $131,000 is 16.9 percent too low. Three years ago, when a typical home sold for $186,400, IHS deemed us 30 percent overvalued.
You can get the entire article below:
via Florida real estate crash means Tampa Bay homes are too cheap, report says - St. Petersburg Times.
Tampa Investment Property
May 29, 2009
NoBullRE.com Focuses On Tampa Investment Property
Tampa, FL. May 29, 2009
NoBullRE.com announced today that it is basing many of its property acquisition operations out of Tampa, Florida. When interviewed about this move, founder and CEO Dr. Chris Anderson stated that: “out of all the locations that we have explored, Tampa looks to have the best mix of economic growth factors, availability of good investment properties, and a hungry rental pool that makes sense for years to come”.
Dr. Anderson went on to say that they are relocating their operations from Biloxi, Mississippi where they have focused on the GO Zone for the past 3 years. “Like the GO Zone, we see Tampa Investment Properties being a one-of-a-kind opportunity that will be beneficial to our clients for quite some time”.
To support operations, one of the principals at NoBullRE.com (Bobby Anderson) has located in the area and has been busily establishing property providers, lending resources, top of the line property management, and total rehab capability. NoBullRE.com expects announcements of its first available Tampa investment properties in Mid- June.
To stay connected, simply visit www.NoBullRE.com and signup for the newletter updates.
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Who Is "REALLY" Making $ In Today's Real Estate Market?
Our 29,689 Members Tend To Agree...
It's Usually Not The GURUs
Have you ever noticed that every "Guru" real estate pitch sounds the same........
They once were poor, but now are rich working only 5 hours per week, and you can be rich too if you just buy their "can't fail system".
Or have you noticed that every property promote has a can't miss proposition, if you just buy TONIGHT.
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