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Rentals, not resells, hot new trend for Atlanta real estate

Rentals, not resells, hot new trend for Atlanta real estate | Real Estate Investing | Scoop.it
A Connecticut company is raising $100 million to buy up single-family homes in Atlanta. Their goal is not to resell the homes, but to turn them into rental properties.

Via Thom Abbott
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Thom Abbott's curator insight, August 19, 2013 6:05 PM

Of course, in the Intown Atlanta real estate market, this will apply to single family homes, but certainly not condominiums and townhomes. These communities have strict leasing guidelines as part of their covenants, and as such buying them for investments, other than to be owner-occupied is not happening. 

 

I think too, you will see HOA's in some of these subdivisions work to clamp down on all these rental homes. While not all renters are problems, some don't feel the need to keep up the yard like the neighbors might like it. 

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Atlanta's Ninth Largest Home Builder | Kerley Family Homes

Atlanta's Ninth Largest Home Builder | Kerley Family Homes | Real Estate Investing | Scoop.it
Buying a new home is a huge investment, so it’s important to do your due diligence when choosing a home builder. If ...
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Private Lending – How To Become A Private Lender

Private Lending – How To Become A Private Lender | Real Estate Investing | Scoop.it
Real Estate Blog For Real Estate Investment ("Private Lending – How To Become A Private Lender" via Real Estate Investing Blog For Real Estate Investors http://t.co/HKxNJWuSJv #sa...)...
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6 Weekly Habits of Successful Real Estate Investors

6 Weekly Habits of Successful Real Estate Investors | Real Estate Investing | Scoop.it
This post shares six habits I try to accomplish weekly to improve my skills as a real estate investor. Do YOU follow all six?

Via Richard W J Brown
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Richard W J Brown's curator insight, November 29, 2013 7:52 AM

 

The 6 (weekly) habits of highly effective real estate investors eh?

 

In summary listed here as:

 

Education - I prefer gaining knowledge but it’s pretty much the same

 

Networking - here it refers to face to face but I would extend this to online also

 

Talk to the team - if you have one! But you still have an accountant, solicitor, potentially a letting agent, maintenance person, finance broker and insurance broker that you can talk with I would expect

 

Monitor the financials - i.e. at the nitty gritty level who has or has not paid their rent, checking on costs of maintenance and refurbishment quotes, etc. but equally having a grip on tax deductible expenses, your cash buffer and upcoming mortgage fixed periods ending are some more

 

Monitor your opportunities - here this means being open to new and potentially different opportunities and to some extent I may beg to differ a little as explained later

 

Honest evaluation - yes stop kidding yourself that that empty property might suddenly turn into a gem anytime soon!

 

Most of these habits are good ones to cultivate on a regular basis and I would not argue with them in principle.  I did have a bit of an issue with the opportunities one if this means you run the risk of being blown off course or venturing into uncharted waters when ill prepared to do so.

 

Here are another 3 habits that in addition to the above I also try and practice weekly(ish):

 

Have a clear investment strategy with measurable key performance indicators (KPIs) and monitor your progress against these regularly

 

Set yourself goals and check in with these every week to ensure that you are on track to achieving them

 

Have a narrow investing focus meaning investing using 2-3 strategies only, certainly at the beginning

 

I will elaborate a little as to why I believe these points are so important to be added to the list.

 

Investment strategy & KPIs - in a nutshell, 'what gets measured gets done' is one of the mantras I picked up from a successful business consultant and strategist that I know.  It's true and this applies to the KPIs aspect in particular - set your measures and then monitor your individual properties and collective portfolio's performance against them as this allows you to identify areas where you need to take action.  Having a clear investment strategy ensures that you don't run the risk of being blown off course too easily.  I did this recently and it helped me to determine whether or not to keep some properties in my portfolio or not – by having my criteria in place and measuring against them regularly it forced me to consider the position and act accordingly.

 

Goal setting - I guess most of us will be familiar with the now famous Harvard Business School study around goal setting whether you believe it existed or not (rumours of urban myth abound).  However having clear, written goals still ensures that you have something to aim for - a kind of purpose if you will.  Having a definite target helps to keep on track and to be able to prioritise what is important and what is not in terms of how you spend your time.  For example, I set myself a set of goals last October for the year ahead and this really motivated me.  Now I actually failed to reach my goals...but only by 1 week, as I achieved all of them after 53 weeks rather than 52 - having the goals mapped out in writing helped me to focus on achieving them and I did...more or less ;)

 

Focus - to some extent focus is something of a recurring theme in all of my additional points and in terms of the specific aspect of investment strategies it is no different.  When I first started learning about property investing I was introduced to many different potential strategies such as long-term buy to let, holiday lets, student lets, HMOs, rent to rent, rent to buy, lease options, instalment contracts, flips, refurbish & refinance, joint venturing, deal sourcing, lead generation and investor lending to rattle off some here.  I decided that I needed to focus on a couple of clear strategies that I believed will work, that I had researched and that suited my personality and skill set (very important) and have since set about doing these well rather than trying everything that comes my way.  I may in the future try some new things but right now, still in an early development stage of my investing career, I need to stay focussed on what is working and repeat this over and over I believe.

 

So, there you go – now we have the fabulously retitled ‘The 8 and a Half Weekly Habits of Successful Property Investing’! 

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Inman Connect NYC: 5 real estate tech for investors | Investors Beat

Inman Connect NYC: 5 real estate tech for investors | Investors Beat | Real Estate Investing | Scoop.it
Couldn't quite make it to the recent Inman Connect conference in New York? Don't worry; we have you covered. With well over 30 exhibitors, here's the pick.
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Atlanta Not Quite a ‘Super City,’ but Still Top 30 for Real Estate Investment

Atlanta Not Quite a ‘Super City,’ but Still Top 30 for Real Estate Investment | Real Estate Investing | Scoop.it
GlobalAtlanta is Atlanta's International Business News Source.
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Top 10 Mulitfamily Markets - National Real Estate Investor

Top 10 Mulitfamily Markets - National Real Estate Investor | Real Estate Investing | Scoop.it
West Coast markets dominate when it comes to the multifamily sector.
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How to become a property developer: 8 simple steps

How to become a property developer: 8 simple steps | Real Estate Investing | Scoop.it
Wondering how to build a property portfolio? Read our bite-sized guide to get your property business on the path to success

Via Richard W J Brown
Kemdrick Jones 's insight:

This is a good start! Let me help you build your portfolio.

www.kembridgeproperties.com

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Richard W J Brown's curator insight, January 20, 2014 10:05 AM


A useful bullet-point type of article for the budding property investor thinking of starting out.

 

I did find the references to returns a bit on the high side though with 10% yield and 30% ROI for buy to let and buy to sell investments quoted respectively being a tad unrealistic.  These might be a bit of a challenge to achieve particularly for the inexperienced investor.

 

There is though one glaring gap in the list for me...attitude or mindset.  To be successful in any business venture, including property investing, we do need to develop the right way of thinking.

 

Not just a blind 'I can do this' self-talk mantra but one where we educate ourselves on all aspects of the business and adopt an approach where we surround ourselves with like-minded people that can both support and challenge us, along with experienced professionals in our 'power team' to enable and facilitate us to get the most out of each opportunity and avoid many of the risks and perils that could catch us out.

 

Property is a bricks and mortar game

Property is a numbers game

Property is a people game

 

But most of all...

 

Property is a mindset game...won and lost in the way we think, the values we hold and the attitude we have to both success and failure in equal measure.

Richard W J Brown's comment, April 1, 2014 12:00 PM
Kemdrick - thx for the rescoops :)
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Tax tips for investors: Clearing up real estate confusion

Tax tips for investors: Clearing up real estate confusion | Real Estate Investing | Scoop.it
Whether you are new to real estate investing or an old hand these tips will help you make the most of your real estate investment
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