About cyndybuys

Cyndy and Tom Dumire are experienced 22+ year real estate investors. They have mastered how to buy real estate without using any of their money and mentored students for over 12 years. They have built their business, partnered and trained many students to become very successful so they can give up their job! Cyndy and Tom started by studying Ron's system 15 years ago and built their business becoming experts in the ACTS program, subject to, wholesaling, lease options and purchasing homes with their “out of the box” methods. Cyndy is also a marketing guru and it always on the cutting edge developing new methods on buying and selling properties. They will show you what to say, how to say it, how to get a deal and then get a check. Are you looking to fire your boss or go to the next level? It is time to take the challenge and make your first deal. Investors love to work with Cyndy and Tom because they will give you the confidence, guide you how to write contacts and get the checks!

Author Archive | cyndybuys

How Do Rent To Own Homes Work In Quakertown and Surrounding Areas?

One of the first questions we get from potential tenant buyers of our local Quakertown and Surrounding Areas PA rent to own homes / lease option homes is “how do rent to own homes work in Quakertown and Surrounding Areas?”

With a flooded real estate market, especially since the bubble burst of the mid-2000’s, rent-to-own homes have become a popular option for people who are deciding whether to purchase or rent a home.

Renting to own offers advantages to both buyers and sellers.

For the seller, they have steady income to make steady mortgage payments, while the seller has a period, typically a year or two to organize his or her finances and secure financing to buy the house.

The Local Rent To Own House Process

Renting a home to own a house is a relatively straightforward process, though many people are confused.

A common misconception is that the renter can live in the home and pay rent over a period of 15, 20, or 30 years, then own the home. It’s slightly more complicated that that.

But here are the basic elements of a rent to own agreement. 

• The buyer and seller draw up an agreement, covering all terms of a rent-to-own agreement.

• This contract will state the monthly rent, and a set period of time.

• The renter will have the option to purchase the home at an agreed upon price at the expiration of the agreed upon time period.

By giving a potential buyer a year or two to get their financial house in order, the seller can continue to make mortgage payments on the home, while living elsewhere. This is beneficial to the buyer, as if they’re sure that they can acquire financing, they can usually begin customizing the home to meet their needs and preferences… essentially treating it like you own the house (because you may own it someday!) and having that sense of home ownership during the process.

How Does The Monthly Rent Work With A Quakertown and Surrounding Areas Rent To Own House?

Really it depends on the location of the house (there may be different laws that dictate what you can do in different states) and any new federal guidelines that may come out that may limit what the property owner of the rent to own house may do.

But the standard guidelines of a rent to own house are pretty simple.

  1. You agree on a rental rate and a future purchase price upon the end of the rental lease sometime in the future (usually 1-2 years).
  2. You first pay an upfront payment to move in and secure the contract and the terms with the option to buy. The “option fee” or “move in amount” may in some cases act as a percentage of the down payment on the home, should the renter decide to purchase at the end of the term. This may or may not be the case depending on when and where you’re reading the article (based on laws). Connect with us directly for the local Quakertown and Surrounding Areas PA Rent to Own laws.
  3. You pay the monthly rent payment. This is no different from paying rent in any normal rental situation.
  4. At the end of the rent to own agreement (usually 1 – 3 years) you decide if you want to purchase the home for the price you agreed on initially in your rent to own agreement. If you want to buy the home, great!  We can assist you in getting qualified for a conventional loan to buy the home.  If you don’t want to buy the home, no biggie. You’re not required to buy the home at the end of a rent to own agreement in Quakertown and Surrounding Areas… the choice is fully yours.

So, for the question of “how do rent to own homes work in Quakertown and Surrounding Areas“… well that’s the basic process.

While there are lots of benefits of renting to own a home here locally… every housing option has pros and cons.

Just do your research, talk with reputable and experienced companies like Cyndy Sells Houses who can walk you through the local Quakertown and Surrounding Areas rent to own house process… and make the smart financial decision for you and your family.

Many people choosing rent-to-own may have past credit problems, or may just be unsure if purchasing a home is right for them. If that’s you and you want to look into the rent to own process and even see the available rent to own / lease option houses here in Quakertown and Surrounding Areas PA, click the link below and fill out your basic info to get on our Quakertown and Surrounding Areas rent to own home list

In an era of uncertainty in the real estate market, many Americans are finding that rent-to-own homes provide them with both flexibility, and the option of purchasing a home at the end of the term. By understanding how rent-to-own homes work, you can position yourself to take advantage of the many benefits of renting to own, and realize the American dream, despite past credit problems.

Sign up below to see our latest Rent-to-own homes!

Talk With Us About The Quakertown and Surrounding Areas Rent To Own Process at 610-200-5544 or
fill out the form here to see available rent to own houses! >>

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How to Know if Renting or Owning a Home is Right For You

So, you’re looking at moving and you’re not sure if renting or owning a local Quakertown and Surrounding Areas PA home is right for you?

You’re not sure if one is a better financial decision than the other?

You’re not sure if you’ll be able to find the type of house or apartment you’d like to live in?

You’re not sure what you can handle financially?

Well this article will dive into ways you can learn how to know if renting or owning a home is right for you in the Quakertown and Surrounding Areas area.

How To Know If Renting Or Owning A Quakertown and Surrounding Areas Home Is The Right Choice

Throughout the 1950’s-1990’s, home ownership was a major goal of most families across America. Owning a home was the “American Dream” and if you didn’t own your house there was almost this stigma that went with that.

But, that rule has changed in recent years. The economic downturn paired with the bursting of the housing bubble makes renting an attractive option for many Americans… maybe even you.

In the past, the choice to rent or own here in Quakertown and Surrounding Areas was about whether you’d prefer to live in a house or an apartment. Now, there are opportunities to purchase apartments / condos and rent homes, so there are options for renters or perspective owners to live in whatever type of property that they’d prefer.

Renting is great for people who want flexibility. Perhaps you’re just starting your career, and you’d like to be able to relocate quickly. Renting is a wonderful option for people who like to “try out” various neighborhoods in their city before finding a place to settle down.

Owning a home ties you to one location for a good period of time. It would destroy your credit to step away from your mortgage, and selling your home is a long, arduous process that could end in you losing some of your initial investment.

In many cases, contrary to popular opinion, it can be more cost-effective to rent than own, especially in situations where the local housing market isn’t going up in value very much each year. While renters pay a fixed amount each month, homeowners are required to pay additional fees, such as homeowners insurance, maintenance, repairs, HOA (local community association fees), amongst others.

It’s not always best to rent, however. Owning a home is still the American dream. You have the right to paint, decorate, and reconfigure your house however you’d like, without the worry of risking your security deposit or upsetting your landlord.  It’s the ultimate in freedom when it comes to your house.

Homeownership as an investment. While the housing market has rebounded here locally in Quakertown and Surrounding Areas PA… the home values aren’t increasing like they were during the build up of the housing bubble (which is a great thing actually)… but another benefit of home ownership is homeowners typically enjoy the potential appreciation of the value of their home.

From 1968-2004, home values grew by approximately 6.4% annually, outpacing inflation (as well as many stocks & other financial instruments).

As a homeowner with a fixed rate mortgage, you enjoy the benefit of inflation protection. For example, if your mortgage payment is $500 each month, you’ll pay that for the duration of your loan. However, the purchasing power of $500 can change significantly over the course of 15, 20, or 30 years. As most people’s income grows over time, a fixed- rate mortgage can eat less and less of your take-home pay each month.

There are many factors to consider when deciding whether to purchase or rent your next home. The key is doing exactly what you’re doing now… learning how to know if renting or owning a home is right for you.

The most important thing is to not take on any payments that you cannot reasonably expect to pay for the entire term of the agreement, whether it be a $600 monthly rent twelve months, or a $550 monthly mortgage for the next 15 years.

Have You Considered Renting To Own A Quakertown and Surrounding Areas Home?

There is another “hybrid” option to just renting or buying a house.

If you would love to own your own house in our area… and…

  • Just want to try a house out before you buy it
  • You’re not able to get a home loan to purchase a house right now for various financial reasons
  • You have some cash to put down on a home and can pay the rent and would rather work toward owning that house

… renting to own a local house may be right for you!

Check out the rent to own process here on this website and if you want to get on our list to see Local Quakertown and Surrounding Areas PA Rent To Own Homes… head over here to see available rent to own homes here in Quakertown and Surrounding Areas.

See our latest rent-to-own homes by going through the link below!

Give us a call anytime at 610-200-5544 or
fill out the form on this website today! >>

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Tips on Renting A Quakertown and Surrounding Areas Home

In today’s article, we’ll take a look at some tips on Renting a Quakertown and Surrounding Areas home that you should consider when renting your next home in Quakertown and Surrounding Areas.

As property values plummeted over the latter part of the 2000’s, many people began to turn to renting. There are plenty of reasons to rent as opposed to purchasing a home, including maintenance costs, desire to live in a densely populated part of Quakertown and Surrounding Areas PA, or the desire to live in a smaller space.

Should I Rent From A Private Owner vs. Management Company?

There are advantages and disadvantages to renting from a management company.

Oftentimes, a management company will quickly make repairs, and be responsive to tenant complaints. Forward-thinking companies may offer rent payment, maintenance and repairs requests, and answers to other questions on their website. Property management companies in Quakertown and Surrounding Areas are usually strict about who they’re willing to rent to. They’re more likely to run credit checks, and require certain scores to consider a tenant. Many property management companies are also reluctant or outright refuse to rent to tenants with pets.

Also with property management companies they tend to charge top of the market rents because they know what the “going rate” is.

Private owners are often more flexible about who they’ll rent to. Many are renting homes that they own in their retirement account, biding time until they retire, so they’re simply looking for an occupant. If you have credit difficulties or have a dog or cat, it might be best to find a private owner.

Private owners often may rent a house at a little bit lower price than a property management company because they don’t want to hassle with finding tenants or they simply may not know the local Quakertown and Surrounding Areas PA rental housing prices well.

In the end both private property owners and local property management companies have to follow the same landlord – tenant laws in PA so the experience with either one should be fundamentally the same.

Be Realistic with Your Budget

Most financial experts agree that you should spend no more than 30% of your total net income on housing costs. If you’re younger, you may want to budget more than 30%, as entry-level salaries are low, and the rental market is booming, leading to higher costs.

Take Pictures of Everything

After renting your next home in Quakertown and Surrounding Areas, before assuming the lease, it’s extremely important to take photographs of every inch of the house or apartment. This can be essential to recovering your security deposit at the end of your lease. Some uncouth landlords will use your security deposit to pay for broken items or scuffed floors that existed before you moved in.

Also, when you take pictures of everything it’ll indicate to the landlord that you’re a responsible tenant and build that trust with you as a tenant.

Get Renter’s Insurance

Renter’s insurance protects your belongings from theft and other catastrophic losses. In some states, landlord’s rights trump tenant’s rights, and if something goes missing or damaged in your rental unit, you’ll be responsible.

By purchasing renter’s insurance, your belongings will be protected. Renter’s insurance is extremely affordable, often costing less than $200 a year… which is a no brainer.

If you’re looking for renters insurance in Quakertown and Surrounding Areas PA just pick up your phone book and call any reputable insurance agent (the same type of insurance agents who could sell you auto insurance tend to offer renters insurance too) or head online and do a quick Google search for “Quakertown and Surrounding Areas PA insurance agents” and you’ll find a whole list of agents to choose from.

By being very details oriented during your search and moving into your new apartment or rental house, you can ensure a pleasant experience for both you and your landlord! For other tips on renting a Quakertown and Surrounding Areas PA home feel free to email us directly or give us a call and we can provide more information and free guides to help you find a great local house to rent… even a Quakertown and Surrounding Areas rent to own house list in case your main goal really to purchase a house rather than rent… but your current financial state won’t let you get a home loan (we can help!).

Consider A Quakertown and Surrounding Areas Rent to Own Home

The tips on renting a house in Quakertown and Surrounding Areas above are quick and simple and apply to a rent to own house as well.

But if your goal is really to own your own house here locally in Quakertown and Surrounding Areas… but your financial situation won’t let you qualify for a loan (bankruptcy recently, foreclosure recently, your income not high enough yet, etc.) then renting to own a home may be an option for you.

If that’s you… then start on this website by learning about the rent to own process and even get on our Local Rent To Own / Lease Option House list to see the available rent to own homes in Quakertown and Surrounding Areas.

For Other Tips On Renting A Quakertown and Surrounding Areas Home

If you have any questions at all don’t hesitate to contact us anytime. We’re here to help!  We can connect you with reputable property management companies, provide you free resources as a tenant here in PA that show you your rights, and more!  Or, if you do want to learn more about renting to own a local house… excellent!  We’ll walk you through the process and see if it’s a good fit for you!

 

Renting To Own Sound Good?
Sign Up For Our Local Quakertown and Surrounding Areas Rent To Own Homes List Below!
See Available Rent to Own Homes In Quakertown and Surrounding Areas! >>

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How to find good investment property in Quakertown and Surrounding Areas

Lots of investors are looking to get started, and as active real estate experts in Quakertown and Surrounding Areas , we get asked to share our secrets quite a bit.

Fortunately, we love to share 🙂

One of the biggest questions we get from local investors is ” How to find good investment property in Quakertown and Surrounding Areas ?

With the flood of foreclosure deals all but dried up (compared to where they were a few years back)… people are having to get more creative in finding the best deals on great local Quakertown and Surrounding Areas investment properties.

We source our properties from a variety of marketing routes… online, offline, etc… so there is no one way that is the best way to find good investment properties in Quakertown and Surrounding Areas.

But the info below walks you through some ways you can put to action to find great properties to add to your investment portfolio.

Most investors are afraid of competition – they think that if they share their secrets, someone will steal their ideas from them.

That’s not how we work. We work with other investors to accomplish things together that we can’t do alone.

We share our learning and our philosophies here because we want to improve the quality of investment in Quakertown and Surrounding Areas to build stronger communities. Ultimately, we’re all investing in the same places, so it makes sense to do it right.

There’s a few core principles that are important to understand if you want to get the best investment property deals.

First, think long term.

Real estate doesn’t move like the stock market. It’s where people live, work and play – not just numbers on a screen. It’s almost impossible to make a huge amount of cash in a short-term real estate deal, those come few and far between.

So don’t expect to get away with fancy tricks, or that you’re smarter than the people who have been doing this stuff for years. Thinking long-term means learning from the past to better anticipate the future.

It also means that if you don’t find the local investment properties you’re looking for right away… just know that this isn’t a sprint… it’s a marathon.

That’s why it’s a great idea to find several sources of properties that fit your criteria (like our Quakertown and Surrounding Areas Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.

Second, focus on relationships.

The investment community in Quakertown and Surrounding Areas is much smaller than most people think.

There are only a handful of brokers and investors who conduct most of the business in the market.

They’re used to working with the same people on a regular basis. It’s worth the time and effort to find them and learn from them. If you can, work with them. They’re your best source of good deals, now and in the future.

How do you get to know them? Go to your local REIA and find the people who are active and talk to them. Ask them which real estate agents they use, what wholesalers in the area are active (and get their info) and let everyone you can find know that you are looking for investment properties that fit your criteria.  Learning how to find good investment property in Quakertown and Surrounding Areas isn’t hard thing… but relationships can be a key element in getting some of the best deals on properties that no one else has access to in the Quakertown and Surrounding Areas market.

Who should you get to know?

  • A few of the top investment friendly real estate brokers in Quakertown and Surrounding Areas
  • A couple real estate appraisers who deal w/ the types of properties you deal with
  • The top handful of property wholesalers in the area
  • The top handful of property rehabbers / flippers in the area
  • Title agents that deal with investment properties a lot

Third, identify your target investments.

Investment is like many other aspects of life – the people who are the most focused often succeed the most. You have to find your niche. Some people make millions just in parking garages or storage units.

Others specialize in residential apartments, while others deal strictly with retail. If you take the time to do your homework, you can analyze the different segments of the market to see which opportunities are truly the best for you – and not just the best marketed. Once you find exactly what you want to own, you can create a plan to find out who owns it and make sure that they know to call you when they want to sell that property.

This takes a lot of work, but it’s a tried-and-true method for creating long-term wealth.

Finally – use technology.

Sign up for our list of exclusive properties, and we’ll notify you instantly when we find a great investment.

We frequently source properties for deep discounts, secure them and then sell them for a discounted rate to the people on our list who are ready, willing and able to invest. There’s other ways to get notified about properties on the open market – you should get familiar with searching the multiple listing service with the rest of the herd, because every once in a blue moon a great deal shows up.

We don’t deal with average deals – we only pass along great deals to our partner investors. We’re not real estate brokers, and our business is a niche within Quakertown and Surrounding Areas.

If you’re looking to seriously invest in Quakertown and Surrounding Areas, we’d love to chat with you to learn your wants, wishes and objectives.

So hopefully you now know how to find great investment properties in Quakertown and Surrounding Areas. If you have questions give us a call or join our buyers list below!

Give us a call 610-200-5544 or fill out the form to get started now.

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Real estate investing Resources in Quakertown and Surrounding Areas

So you wanna get started investing in Quakertown and Surrounding Areas and you’re checking things out, eh?

Good for you. Always do your homework and you won’t get schooled.

Here’s some great tools that we’ve found and we use from time to time and great real estate investing resources in Quakertown and Surrounding Areas for investors here locally to tap into for quick research on your investment deals.

The best thing is most of these sites below are completely free!

Here’s a few sites you should get to know:

1. Zillow

Zillow is the biggest, baddest real estate website on the block. They are building data on real estate wealth like few other sites.

The CEO of Zillow, Spencer Rascoff, said their company’s best asset was their “living database of all homes”.

The Zestimate tool is off, as a lot of folks have noted. It’s fun to see what the computer calculates, but you still gotta know how to analyze the comps and evaluate the market for yourself.

Spend a lot of time on Zillow and get to know the intimate details of each property sold in your target Quakertown and Surrounding Areas neighborhoods. Really try to identify the psychology of the prices, and seek to understand why the seller and buyer picked that point to settle.

Remember, each sale is like a tiny piece of a moving puzzle that makes up the whole market.

Zillow is an awesome tool for investors to get to know their markets.

2. Craiglist

Craigslist is an awesome site. There’s huge deals there, if you spend the time on the site. People write terrible ads for great properties. Happens every hour of every day across . Sometimes the best properties only get one terrible ad. So you’ve got to scour.

3. LoopNet

LoopNet is the granddaddy of commercial real estate investing.

You wanna sell a gigantic freakin building to institutional investors, this is the site you want to list it on.

Sometimes there are great deals on LoopNet, but you’re competing with every other investor to find them. If you are a Grade-A investor working with a top broker, you’ve got a chance to win the bid and seal the deal. This is not the site for rookies.

LoopNet is a great place to learn about the market in Quakertown and Surrounding Areas and see how the major money is moving. You’ll be surprised what you can learn, so start searching through the properties for sale and watching where they close.

4. Auction.com

Just like its name suggests, Auction.com is a big clearinghouse of auctions, — foreclosures, REOs, short sales, distressed properties, land, new construction — you name it, they probably sell it.

Definitely check out the auction calendar, and make a trip to visit some Quakertown and Surrounding Areas auctions. You never know who you might meet at an auction – maybe your future business partner?

5. Realtor.com

The largest place to search the MLS (multiple listing service), Realtor.com is sometimes confusing and often doesn’t seem consistent with what data it displays.

But it’s got some neat search alerts and other tools that help you get alerted when a broker in your neighborhood has added a listing. If you’re serious about investing, you probably want to form a good relationship with an excellent Realtor, rather than just the website.

6. Walkscore

Most investors overlook Walkscore.com – a big mistake.

Walkscore tells you a ton about any given address. It tells you how a potential renter or buyer will evaluate it – what’s nearby and how long it takes to access.

It’s also a fantastic tool to target areas that are underpriced for their amenities. If an area has a really high walkscore and low prices, chances are good that prices will rise in the next few years. There’s big exceptions – but walkability is a really key factor in Quakertown and Surrounding Areas investment.

Those tools will help you to understand the Quakertown and Surrounding Areas area market, if you take the time to use them. Do your homework, and understand the market before you start dumping your hard-earned money into a property.

You can always give us a call 610-200-5544 – we love to partner up with investors, and we’ve got great terms.

If you’re looking to access to local Quakertown and Surrounding Areas investment properties, great!

Join our Preferred Quakertown and Surrounding Areas Investment
Property Buyers List FREE Here >>

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How to find foreclosures in Quakertown and Surrounding Areas PA

There’s a lot of competition to find great deals on local Quakertown and Surrounding Areas PA foreclosure properties.

Finding them is only one part of the process – you also need to know how to capture them.

Here are a few secrets from the pros that we’ve used with great success on how to find great foreclosure deals in Quakertown and Surrounding Areas.

1. Comb through the same listings everyone uses.

There’s a lot of ways to access local foreclosure data in Quakertown and Surrounding Areas and your surrounding area – and foreclosure.com does a relatively good job of combing through default notices, bankruptcies, tax sales and distressed asset lists.  The main drawback with online resources like that is there tends to be a lag time in the time they get the info online… so the data can be a bit old sometimes.

2. Search the lesser-known publications sometimes used by smaller lenders.

Most of the publications in Quakertown and Surrounding Areas are indexed and captured online, but every once in a while a lender will mistakenly only publish in a smaller circulation if they think it meets the legal requirements.  These notices are the notices of default that lenders are legally required to publish in public record. Those are one of the first places you can find out about a foreclosure.

3. Establish great working relationships with at least one broker.

When you’re starting out as an investor in Quakertown and Surrounding Areas PA, you’d better not burn any bridges – especially with the power real estate brokers in this town.

The best of the bunch (and that’s a very short list) work with dozens of investors, and they know exactly who is looking to buy what property – they’ll call the ones that they know will close the deal without hassles to them. Once you’re off the short list of folks who get the calls, you probably won’t get back on it. There are too many credible investors looking for great deals for them to bother dealing with rookie mistakes. Interview a few, and make it your intention to give all your business to one person.

Make it clear what that broker must do to earn and keep your business, play fair and never compromise your integrity. If you have to fire that broker, do so with grace and it will be a learning experience for everyone. But don’t ever fire a pro on a whim. Be incredibly loyal and it will come back to you in countless ways over the years.

4. Find people before their properties are in foreclosure and help them before a default notice gets published.

This one is probably the hardest and most time-consuming method, but it is one of the only ways to avoid the competition of lots of speculators that descend upon any published foreclosure like vultures to a fresh kill. Speaking of which, you don’t win in this business by treating people like roadkill. Remember that your reputation is everything, and act with integrity.

People facing foreclosure are in very difficult circumstances, and they need help – not predatory behavior. When we’re able to help people negotiate short sales, lease options and other complex transactions, everyone wins – and no one loses. Behaving with integrity helps us to get amazing referrals and special deals that never hit the open market. People remember what we’ve done for them, and when their friends and family need similar help they send them to us.

5. Find niche specialists like our firm who know how to find foreclosures in Quakertown and Surrounding Areas for you.

We’re not real estate brokers, so we don’t sell information or give away crummy lists.

The properties we advertise are our own investments, so it’s a short but exclusive list.

We’re focused on building a small, tight network of long-term investors who want to purchase credible real estate investments in Quakertown and Surrounding Areas. We find deep discounts and pass them along – while keeping a reasonable return that allows us to stay in business.

Sign up now, and we’ll send you great deals as we lock them down – we don’t spam or sell your information to anyone, and you can cancel anytime.

Give us a call anytime 610-200-5544 – Let’s Discuss Your Investment Goals

We get new deals every day, so hurry and join our Email Alerts List! >>

Get started now.

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How to bid on a short sale property

Short sale properties can be a great source of income for investors, and a great deal for home buyers.

It’s important to keep in mind that a short sale is one where the bank has approved a loss on a current loan. They’re losing money, so they want to unload.

Generally the current owner is in a rough time, or wouldn’t be facing the loss of the property. Difficult times mean tremendous amounts of stress and emotional turmoil.

Managing relationships is always the key to any negotiation.

For the bank, a short sale is an unemotional transaction. An owner may be letting go of a property with great emotional significance.

You’ll have to take different approaches with every party to a short sale transaction to get the best result.

Data is on your side. Look up comps to get an accurate picture of the market, and seek out justifications for your offer prior to submitting a written bid.

In a short sale, you have to get agreement from the owner and the bank(s) involved on the purchase price and the terms.

Getting written permission from the owner to discuss terms with the bank can be really helpful, but check with a good lawyer to make sure you have the right documents before you ask the seller to sign anything that might violate law.

Your relationship skills are super important during this process. The bank will often require days, even weeks, to respond to offers and move forward. Often they request additional BPOs (Broker Price Opinions) or modify appraisals, and they sometimes like to involve different negotiators.

It can be intensely frustrating, so prepare yourself and don’t stress.

Get fully approved for any loan you plan to take long before you make an offer. Make sure your lender can close at the drop of a hat, because once the approval comes for the short sale transaction you need to be ready for escrow.

We secure properties via short sale, and we work with many investors and buyers who are looking for great deals on properties in the Quakertown and Surrounding Areas area.

Give us a call 610-200-5544 or get in touch anytime to find out how we can help you!

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Foreclosure property listings in Quakertown and Surrounding Areas – what’s real and what’s not?

There’s a ton of information on finding foreclosures in Quakertown and Surrounding Areas, and lots of services that will charge you for access to their data. In fact, we have our own foreclosure property listings in Quakertown and Surrounding Areas right here. Join our Foreclosure Property Alert List here >>

But…

How do you tell the difference between credible information and useless marketing gimmicks with local Foreclosure properties?

Some services – like foreclosure.com – are doing a great job consolidating information from many sources. Investors like us use them all the time, because it’s cheaper and faster to use their information rather than combing through the classifieds ourselves. But the major drawback with online services like that is the information in them can be a tad old.

You may be looking at foreclosures that other investors who got their info direct from the courthouse got weeks or months ago.

We also use other sources too.

Lots of real estate agents who “specialize in foreclosures” publish their own lists, but these are often just marketing gimmicks to trade your contact info for stale goods.

There’s no harm in signing up for free lists – if the info is no good, just unsubscribe.

You’ll probably spend a lot of time getting excited about properties that are already sold or no longer available, but that’s part of the learning curve when you’re just starting out in the foreclosure market.

When you’re evaluating a new list to see if it’s worthwhile, compare the properties on the list to what’s published in other lists.

If you consistently don’t see any new or exclusive information on the list that you can’t get elsewhere, don’t use it.

We’re not real estate brokers, so we don’t sell information or give away crummy lists.

The properties we advertise are our own investments that we’ve picked up or have on contract, so it’s a short but exclusive list.

We’ve built a small, tight network of long-term investors who want to purchase credible investment properties in Quakertown and Surrounding Areas .

We find deep discounts and pass them along – while keeping a reasonable return that allows us to stay in business.

When we lock up a great deal on a cheap foreclosure (or non foreclosure – distressed house), we put it out to our list and sell it fast.

If you’re ready to buy and looking for cheap property, sign up – you’ll only hear from us with exclusive deals in Quakertown and Surrounding Areas you won’t find anywhere else.

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Investment Property Tax Deductions List for Quakertown and Surrounding Areas

Uncle Sam gives, and Uncle Sam takes away.

But in the case of buying local Quakertown and Surrounding Areas investment properties… you can earn investment property tax deductions for your Quakertown and Surrounding Areas properties.

For real estate investors, the United States provides the opportunity to earn a living purchasing investment properties… and holding those properties as investments, and of course the income from those properties is taxed.

But many new investors often overlook tax deductions that could have an impact on their bottom line. Today, we’re going to take a look that Quakertown and Surrounding Areas real estate investors can take advantage of.

Income Sources You Can Potentially Deduct

  • Repairs and expenses paid by rental tenants are considered income. This could include an emergency water heater repair that tenant took care of on his own. These repairs can be deducted.
  • In some cases, tenants will trade repairs and upgrades to a rental unit for a reduction of rent. These services can be deducted, so long as they’re claimed as income, and must be charged at fair market value. You cannot work out a deal with your tenant to fix a light switch for three months rent, then deduct that ludicrous “income” on your tax return.

Security Deposits

A security deposit is not taxable, based on the thought that your intent is to return this deposit at the end of a lease term. However, if a tenant breaks the lease and forfeits his or her deposit, you can claim the security deposit as income, so long as the deposit is used to make repairs.

These repairs are deductible expenses.

Make sure with your accountant or local property manager that they’re handing your security deposit accounting correctly so you’re not paying income tax on security deposits that you’ll be turning right around and paying back when a tenant leave.

Other Common Investment Property Tax Deductions

  • The portion of your mortgage that is directed towards interest is 100% tax-deductible. Your mortgage lender will provide you a form in January stating this total.
  • Travel to and from the property to make improvements, show the property, or collect rent are considered work expenses, and deductible.
  • Certain deductible expenses that investment property owners take advantage of include taxes, insurance, tax return preparation costs, lawn & garden care, losses resulting from theft or “acts of god” (floods, earthquakes, and other disasters), legal and professional services.
  • Depreciation on the value of the property is deductible. This can be complicated to calculate, and it’s recommended to speak with a local Quakertown and Surrounding Areas accountant.
  • Your home office, if used to run your real estate investment business, can help generate tax deductions as well as long as the home office meets the minimum requirements (consult your tax advisor)

By taking advantage of all applicable tax deductions, investment property owners can increase their revenue and reduce their tax liability, opening the possibility to purchase additional properties. There may be other ways to decrease your tax liability. Talk to your financial advisor or certified public accountant, as they typically keep abreast of new tax deductions that Quakertown and Surrounding Areas investment property owners can claim.

 

Looking To Pick Up Some Local Quakertown and Surrounding Areas Properties? Call at 610-200-5544
or, join our Local Investment Property Buyers List >>

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Tips on Buying Quakertown and Surrounding Areas Real Estate with your IRA

While most people understand that real estate is an investment, many people are taking advantage of the qualified retirement accounts to purchase real estate as an appreciating or revenue-generating instrument like IRAs.

It’s really important to understand the tax implications, legal ramifications, and various other intricacies of purchasing Quakertown and Surrounding Areas real estate within your IRA.

So, lets dive into some tips on buying Quakertown and Surrounding Areas real estate with your IRA!

Tips on Buying Quakertown and Surrounding Areas Real Estate With Your IRA

If you don’t have a self-directed type IRA… first off… you’ll need to connect with your trusted financial advisor to find a reputable and low fee self-directed IRA. Or, connect with us and we can direct you to some very good self-directed IRA companies we’ve worked with in the past.

Open a Self-Directed IRA

The first step for purchasing investment properties in Quakertown and Surrounding Areas within your IRA is to open a “self-directed” IRA. You can do this by visiting a qualified financial advisor or other trusted fiduciary to act as the IRA custodian. A fee-only financial advisor can help you set up this account with minimal hassle, while a commission-based financial advisor may attempt to steer you clear of purchasing tangible assets within your IRA (he or she won’t earn much on the investment).

Types of Properties You Can Buy With Your IRA and Rules

You can own a wide variety of properties within your IRA, including residential, commercial, and industrial structures, as well as unused land. Many savvy investors choose to purchase parking lots, storage unit facilities, and other types of property that require little maintenance, but generate steady income.

Your IRA cannot own any home where you live or vacation. Legally, you aren’t even allowed to spend one night in the property. You cannot avoid this restriction by “renting” the property from your IRA, or renting to your spouse, children, grandchildren, parents, or grandparents, nor can you use an IRA to purchase property from close family. You could, however, rent to property to a sibling, cousin, or friend. A solution that many investors implement is to purchase a home for their IRA, rent it out for income until retirement, then assume residence upon retirement.

How Does Income Work With Real Estate In An IRA?

The income generated in your IRA may not be used for your “personal current benefit.” This means that all income generated by the property must remain within the IRA until you retire. Selling the property will require you to leave all profits within your IRA. Also, property taxes, insurance, improvements, and other costs associated with the property must be paid by the IRA. Failure to comply with these regulations could disqualify your IRA, subjecting you to income taxes on the entire value of the property, plus a 10% early distribution penalty.

It’s important the all distribution rules associated with an IRA (or Roth IRA) including taxation, required minimum distributions, beneficiaries, and other factors do not change when using a self-directed IRA to purchase property. There can be a huge upside to real estate in your IRA, but it’s best to know exactly what’s in store.

Learn About Our Properties In Quakertown and Surrounding Areas Call Us 610-200-5544
or join our Investment Property Buyers List Today! >>

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