Tuesday, May 31, 2016

Outdoor Living Spaces Add Value

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It really doesn't matter where you live, even in colder or hotter climates, there are enough days during the year that you can take your indoor activities outdoors and enjoy beautiful landscaping and lifestyle features. Other than high dollar swimming pools and expensive hot tubs, much of the materials and labor that go into outdoor living spaces are not overly costly.

Creating relaxing, colorful and natural areas adds a new dimension to a home, and often will increase the value a high percentage of the costs of the improvements. You're working with wood, stone, plants, soils and grasses to construct a natural getaway for your summer grilling or winter enjoyment of that perfect temperature hot tub water.

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Decks or patios are high on the list of desirable outdoor entertaining areas. Put some plant boxes there for greenery, maybe a hammock for being lazy, and you'll find that there are actually more outdoor enjoyment days than you thought.

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It's not just a daytime thing either. Lighting can add a whole new dimension to your water feature or deck. A late evening meal off the grill after the sun goes down and cools things off is fun.

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If you're not into a lot of maintenance, use locally hardy plants and lots of stone to create beauty without hassle. For wood decking, use composite materials that are weather resistant and do not require much care at all.

I was being conservative about the value of landscaping, as there are a couple of recent surveys out, one a Gallup Poll and the other from Smart Money that show you can actually get back more than you spent on landscaping when selling your home. Estimates say that you may increase the value of your home by as much as 5% to 15% with creative landscaping.

Have you found success in real estate investing by implementing different approaches? Have you struggled to take that first step? Let me know what you think by leaving a comment below, or by finding me on social media:

Facebook: https://www.facebook.com/scotteyancey
Twitter: https://twitter.com/Scott_Yancey
Instagram: https://www.instagram.com/scott_yancey/
Youtube: https://www.youtube.com/user/scottyanceyflippingv
Website: https://scottyancey.com

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What Will You Learn from a Scott Yancey Event?


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Wednesday, May 25, 2016

How Scott Yancey’s Real Estate Seminars Are Changing Lives


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Skipping the Middle People in Real Estate Investing

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Let's start this idea with an analysis of the benefits of real estate investment, as well as how it's funded in most cases. First we'll take a look at the needs of the real estate investor, and then we'll look at the disgruntled saver who has CDs, savings accounts, or poorly performing stocks and bonds in their investment portfolio.

The Real Estate Investor
The active and knowledgeable real estate investor has their choice of several investment strategies and some use more than one. Here's a quick overview of each of the most common and their funding needs:
  • Long term rental mortgage: This isn't usually something a passive investor will be involved in, as long term mortgages are usually obtainable from major traditional lenders. However, it doesn't mean that a passive financial investment can't be the source of a mortgage.

  • Wholesaling investor purchase-to-sale: This is a short term funding requirement requiring money to purchase the property and fund the closing until the sale closing, usually the same or next day, pays off this loan and rolls the property to the investor or retail buyer with new financing.

  • Fix & flip investing: This is also a need for short term financing, but for more than just the purchase price of a property. The rehab must also be funded. There is a niche, transactional lending, that meets these needs, but with a high cost. There is room here for a sharp private money lender who wants to remain passive but wants a high return over a short time with manageable risk.


The Disgruntled Saver
Now we go to someone who may go their entire life and never meet an active real estate investor in a transaction. They're conservative savers who have built a nest egg and have it safely tucked away in savings accounts or certificates of deposit. They may also be investing in stocks and bonds, but they're not excited at all about their overall returns.

They would love to find a relatively low risk way to get higher returns. Now, let's say that our Saver decides to go to a local Real Estate Investment Club meeting. They're welcomed for a meeting or two without joining. Joining may be just the thing later. The point is to meet active real estate investors who are always seeking funding that works for their deals.

Now, this saver finds that they can loan a highly successful investor let's say $100,000 for three to five months to complete a fix & flip deal. If they take this money out of one of their 3% return investments for 3 months, they'll be losing around $750 in total interest.

Now, the investor is used to paying a transactional lender a base fee of $1,500 for origination and 12 % interest for the period of the loan, guaranteed by the property as collateral. Now, lets see: that's 12% for three months or $3,000 + that $1,500, so we're looking at $4,500. The investor is used to paying this and just factors it into the deal, as it's going to make a nice profit.

Now, our saver can offer a better deal to the investor, let's say $1,000 origination and 8% for the interest rate. Now our investor is looking at $3,000, saving $1,500. Our saver is getting a 12% return annualized, and they can put their money into another deal. They just got a year of savings returns in just 3 months.

This is better than a dating site. Matching up disgruntled savers with successful investors is a Win-Win for both.


Have you found success in real estate investing by implementing different approaches? Have you struggled to take that first step? Let me know what you think by leaving a comment below, or by finding me on social media:

Facebook: https://www.facebook.com/scotteyancey
Twitter: https://twitter.com/Scott_Yancey
Instagram: https://www.instagram.com/scott_yancey/
Youtube: https://www.youtube.com/user/scottyanceyflippingv
Website: https://scottyancey.com

from
http://www.huffingtonpost.com/scott-yancey/skipping-the-middle-peopl_b_10134982.html

What’s it Like to Experience Scott Yancey’s Real Estate Seminar?


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Scott and Amie Yancey Part 4 - Scott Meets Amie


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Scott Yancey’s Step by Step Guide to Real Estate Investing Reviewed


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Thursday, May 19, 2016

Scott and Amie Yancey Part 3 - Scott Yancey's Cars


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Find Out Why Scott Yancey's Real Estate Programs Work


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Turn the Tables - Seek Out an Investor to Buy Your Home

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OK, I'll start out by saying that this article is only going to apply to a rather small niche of home sellers. However, if you happen to fit into this niche, this may help you to sell your home when you've been having trouble doing so.

Let's take some of you off the hook by giving you the criteria that may make this article a solution to your problem; or not. If you don't fit into one or more of these niches, then it's probably not going to work for you. But, if you do, taking a proactive approach could get your home sold quickly, even if you've been having problems.

• You have enough equity in your home to sacrifice some or all of it to get a sale price at or below current market value.
• You have a serious need to get out from under the home, perhaps to relocate for employment opportunity.
• You can't afford to keep paying for this home while renting somewhere else.

First, let me say that this isn't about getting you a great deal. It's about getting you a deal! If you've been trying to get out from under the home unsuccessfully, then this is a possible escape route, not a profit opportunity.

Let's face the facts of life. A real estate investor, probably in your case a rental home investor, is looking for two things: 1) Buying below current market value, and 2) Renting the home out for positive monthly cash flow. Meeting both of these criteria just could land you a fast cash deal.

Yes, you could call on one of those little signs you see on street corners around where you live. You may even reach your goal that way. However, I'll give you a couple or other approaches to locate an investor buyer for your home.

Real Estate Investment Club
You don't want to invest in real estate, but the people who join these clubs and attend meetings do. You can usually get permission to attend a meeting or two without having to join and pay dues.

Go to a meeting with photos of your home and what you're willing to take for it to solve your problem. Sure, you can ask for full market value, and it's possible you'll find a buyer; kind of like finding a four-leaf clover. Be realistic, and have a number that an investor will realize is at some discount to full list to lock in a profit from closing.

Also, do a little research. Find out what homes like yours are renting for. Use a mortgage calculator online to determine a mortgage payment if they put around 20% down. If there's room for taxes, insurance and maintenance, and there's still some cash available every month, you may have a winner.

Don't be shy, approach investors with your brochure materials and hand them out. You just may get some really serious interest on the spot.

Craigslist
Craigslist has good news and bad news as well. There are plenty of scams, so go with caution. Investors are advertising all over Craigslist, so you can create a PDF document of your sale brochure and send it to investors advertising for rentals on Craigslist. If you get a bite, they'll want to negotiate you down, but stand your ground if you're at your bottom line.

Run your own ad on Craigslist with a title like: "Perfect rental cash flow property in xxxxx subdivision, $###,###.

Be careful and don't meet people alone at your home. Have someone else there for safety. Don't have valuables out on display, as you may find that you're the victim of a breakin the next few days. These are just logical precautions.

You can respond to investor ads or you can be proactive and seek out a buyer. One advantage is that you may locate a less aggressive investor who holds only a few properties and isn't into a mass business. It could get you your price.

Have you found success in real estate investing by implementing different approaches? Have you struggled to take that first step? Let me know what you think by leaving a comment below, or by finding me on social media:

Facebook: https://www.facebook.com/scotteyancey
Twitter: https://twitter.com/Scott_Yancey
Instagram: https://www.instagram.com/scott_yancey/
Youtube: https://www.youtube.com/user/scottyanceyflippingv
Website: https://scottyancey.com

from
http://www.huffingtonpost.com/scott-yancey/turn-the-tables--seek-out_b_10048074.html