http://www.nobullre.com Real Estate Investing Without The Hype Tue, 09 Mar 2010 23:29:49 +0000 http://backend.userland.com/rss092 en With Tax season right around the corner, I am sure that on everyone's mind is the topic of getting every (legal) tax benefit that they can get.  We thought it was appropriate given the season to overview the GO Zone benefits and update everyone on what they can do to ... http://www.nobullre.com/tax-advantaged-properties/go-zone-update-and-tax-incentives-explained/ Over my many years of writing about different real estate events to our subscriber base, I have never been as excited about something as what I am about to tell you today. In normal "NoBullRE.com" fashion, we don't want to overhype anything but I am about to share something that will ... http://www.nobullre.com/upside-down-mortgages/refinancing-of-upside-down-mortgages/ In today's very difficult financing environment for investors, a home equity line of credit option may be your best funding option for securing profits. Let's consider the following deal, which is typical in Tampa: Purchase Price:    $55,000 Rehab Costs:          $10,000 Marketing Costs:  $2,500 Net Resale:              $102,000 The problem is how are you going to fund the ... http://www.nobullre.com/general-real-estate-investing/home-equity-lines-an-investor-goldmine/ In the last update, we shared with you how we are getting 2-3 house showings per day from realtors in our area. Short story is we have a home type that is in demand: SEE PREVIOUS POST But suppose your market is not quite as strong or maybe you want to increase ... http://www.nobullre.com/uncategorized/the-unspoken-market%e2%80%a6where-to-find-100%e2%80%99s-of-buyer/ 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 ... http://www.nobullre.com/general-real-estate-investing/todays-market/ 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 ... http://www.nobullre.com/tampa-florida/tampa-home-pick-of-the-week-july-2/ For many people around NoBullRE.com, they have an interesting dilema: They have cash, good credit, are excited about this market, but don't know where to buy an REO property. Frequently, their emails are bombed several times  a week from groups in Atlanta, Detroit, Pheonix, Kansas City, etc, etc, etc with great properties ... http://www.nobullre.com/general-real-estate-investing/best-reo-cities-where-should-you-buy/ In this market, everybody wants to increase their cash flow.  I don't care if you are a real estate investor, a realtor, a business owner, or most anything else, producing cash flow is top of everyone's mind.  Especially if you could almost double cash flow with a minimal amount of ... http://www.nobullre.com/general-real-estate-investing/nobullrecom-alert-how-to-increase-your-cash-flow-by-82/ As reported in the Wall Street Journal today, the National Association Of  Home Builders confidence poll dropped due to rising interest rates.  In reality, rates are still very, very low but they have rebounded off their historical lows of a few weeks ago. As reported by the WSJ: A market sentiment index ... http://www.nobullre.com/general-real-estate-investing/home-builder-confidence-drops-with-rising-rates/ Some interesting news that has come out today about short sales and in particular, the ability to get title insurance on the flipped property.  It appears that some title insurance companies are getting uncomfortable with the practice.  There is a good article coming from the Tampa Tribune on this topic.  ... http://www.nobullre.com/general-real-estate-investing/short-sales-may-get-a-bit-tough-in-florida/ We are getting some more mixed news this morning on national foreclosures.  On one hand, foreclosures have dropped compared to last month.  On the other hand, the number of foreclosures is above 300K which is still a HUGE number historically.  Now that the foreclosure moratorium is beginning to lift, we ... http://www.nobullre.com/distressed-properties/preforeclosures/foreclosures-down-but-are-they/ 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 ... http://www.nobullre.com/market-updates/florida-real-estate-crash-means-tampa-bay-homes-are-too-cheap-report-says-st-petersburg-times/ A number of news outlets are reporting today that housing inventory, which is the amount of homes that are for sale, dropped 3.9% this month.  In some areas of the country, housing inventory is actually returning to almost normal levels: of course in others, things are very much out of ... http://www.nobullre.com/general-real-estate-investing/housing-inventory-drops-again-the-market-continues-to-improve/ NOTE: Did You See Yesterday's Email About A Model Home Opportunity?  (Click To Read) With the taste of Summer now in the air and with Tax season still fresh on everyone's mind, I have been receiving a lot of questions from real estate investors who are looking for clarifications on the ... http://www.nobullre.com/tax-advantaged-properties/go-zone-extensions-deadlines-tax-benefits-simplified/ As we continue our series of blog posts about the change in real estate markets, we will now show a little known "secret".   What the average Joe is doing, and what the professionals are doing, are 180 degrees apart.  Again, we will use Tampa as our example but what we ... http://www.nobullre.com/general-real-estate-investing/professional-cash-buyers-are-buying-are-you/ In our last post, we talked about bidding wars occurring for properties, at least from the professional investor community. I know that seems strange to many but it is really occurring. As we progress in this series of blog posts to really show you what is happening behind the scenes, the next ... http://www.nobullre.com/general-real-estate-investing/the-market-is-changing-part-2-historic-rental-returns/ 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 ... http://www.nobullre.com/tampa-florida/tampa-investment-property/ You have to be joking, right?  Are you telling me that bidding wars are starting to occur for homes for sale?  In case you fell asleep for about 5 years, this isn't 2004. In all seriousness, this market is changing and local pro's can feel it and are acting according in ... http://www.nobullre.com/general-real-estate-investing/the-market-is-changing-part-1-bidding-wars-have-begun/ If you have not already heard, as of Friday May 1st 2009, as one industry expert put it, "the complete lending landscape just changed!"  To bring that back in from a more macroscopic statement, the way that appraisal are performed for certain types of real estate has changed.  Welcome to ... http://www.nobullre.com/general-real-estate-investing/new-appraisal-rules-and-regulations/ Today marks a major change in the lending landscape and the way loans are sold to Fannie Mae & Freddie Mac....  Specifically, how they are appraised. If you have not heard of Home Valuation Code Of Conduct (HVCC),just ask your favorite mortgage broker about it and more than likely their response ... http://www.nobullre.com/general-real-estate-investing/home-valuation-code-of-conduct-investors-be-ready/ I have been asked recently for some clarifications on the recent changes from Fannie Mae on Reserve Requirements when purchasing Investment Properties. As you may know, Fannie Mae has repeatedly changed its guidelines on this topic. Staying on top of this information is key as a real estate investor. Per Fannie ... http://www.nobullre.com/general-real-estate-investing/new-fannie-mae-investor-reserve-guidelines/ There is still a lot of confusion about when does GO Zone benefits end, especially for real estate investors.  Every time that  I send out an email about the Go Zone, I get several emails in return saying "didn't that end after 2008?". The reason for the confusion is that MOST ... http://www.nobullre.com/tax-advantaged-properties/go-zone-extension-is-there-still-time/ In today’s market, everybody is looking for the next “great deal” which is obviously smart investing. However, many investors are also falling into the “you can buy at 50 cents on the dollar” trap. The trap that investors are falling into is that, unfortunately, these numbers are frequently referenced to ... http://www.nobullre.com/general-real-estate-investing/buying-new-homes-for-77-cents-on-today%e2%80%99s-dollar/ ‘Twas the week before tax day, and all through the country, not a sole was sleeping soundly, not even the wealthy. I know, I know….. it’s terrible to take such liberties with a favorite Holiday story and ruin it with the tax season. But, it just seemed so appropriate! As we all ... http://www.nobullre.com/general-real-estate-investing/do-you-want-60k-in-deductions-from-uncle-sam/ Another one bites the dust.  Another investor lead astray by what looks like a great thing to the uninitiated: the rental guarantee. As I write this, I learned that an investor went from buying what I think is one of the best properties that I have seen in the Go Zone ... http://www.nobullre.com/general-real-estate-investing/investor-alert-rental-guarantees/