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How To Sell and Buy a Home on Same Day

The fun begins and with a few other thingscoming up in the near future we decided it was time to downsize and move closer to whereboth of our moms are It was just very smooth from the very beginning.

We were able to just click together.

I believe that this process was probably oneof the easiest and best.

I really think the best was to go with youguys first because we have had a really good experience.

I really liked the marketing.

The very first thing that I like that youwere able to do an Ariel view.

I had never really seen something like thatbefore so I was really impressed with the Ariel view.

And then I was really impressed that you didthe walkthrough, the things you said, and the enthusiasm that was shown, and the thingsthat were showing so positive about our home.

And then the way you guys marketing thingsand kept things going kept things moving, kept in touch with us to say ok what we cando here to see if we can help.

And I really did appreciate how well thatmarketing went because I know that the marketing really helped us a lot and I know that itwould have been harder if we wouldn’t have had the good marketing service’s that youguys gave us.

Everybody that we have talked to have beenvery impressed with everything and how it’s going.

The timing has worked out perfect for sellingthis home and purchasing the other.

We were able to close on both residences atthe same time that was a big help.

I really can’t see anything that you guyscould do different because you were so friendly, you were so helpful, and you were accessibleto us, you helped us in any way possible.

I just like what you’re doing so far sodon’t break it what you got going is great.

Thanks JoelThanks Ann! Thanks Joel! Thanks everybody for all of your help to helpus be successful to sell and move.

Thank you very much.

Source: Youtube

Greenhouse Growing: on a bench vs on the floor?

Basically there are various differences between growing on a greenhouse bench vs growing on the floor itself.

There are basically 3 things: one is drainage.

On the bench you get good drainage out of the plant material.

When you water the top, the water can run out of the bottom of the container.

On the floor it's tend to be more restricted so crops on the floor tend to stay wetter longer.

Second thing is temperature.

On a bench you can have the air actually go under the bench so it can warm the growing media up.

When it's on the floor, it tends to be colder especially in the winter months the growing media temperatures are colder.

So again you don't get that water usage it's easier to get root disease development.

Third thing that could be an issue with growing on the floor is sometimes you get imperfections in the floor itself, so you can get pockets of water that can wick water back up into the growing media which again adds to thing staying too wet.

Overall I would say that growing on a bench is better because you get better airflow, you can get the temperature warmer right next to the root system and it'll help dry out your growing media.

Source: Youtube

How to Calculate Numbers on a Rental Property

Welcome to Hipster's first how-to video! I'm going to show you how to run very quick numbers on a rental property.

You can use this formula—so easy and so fast —for any property you're looking at.

It's so straightforward.

I'm going to do it on this little whiteboard here and use my calculator.

(Yes, it is actually that large).

I'll be behind the scenes here doing my calculations while I write out what is going on.

I'm using an actual rental property as an example.

It has a purchase price (you have to love my handwriting) of $100,000.

00.

In rent (and always verify this before you buy any property.

Verify it with property managers or… just verify it), this particular house gets $1075.

00 in rent.

This house is in Indianapolis.

It was built in 2002, I think.

Super-cute little house.

Three bedroom, 2 bath.

But all we care about right now are the numbers.

I'm looking at this property.

What do I want to take into consideration? I write out my list of things that I need numbers for first: taxes, insurance (again, don't you love my handwriting), I always make an estimate for vacancies and repairs (which I'll touch base on in a second), and then for me I always use property management so I have that line.

That may be optional.

For sure, you're going to have taxes and insurance.

Vacancies and repairs are really up for your best guess.

I buy turnkeys so they're already rehabbed.

I use 7% for vacancies.

You can look up the statistics of a particular city and see if that number is about right.

And for repairs, like I said, fully rehabbed, so I just use 5% for repairs.

If you calculate this, this particular house the taxes per month (and this is all monthly) are about $60.

00 a month, which is excellent.

Insurance on this property is about $45.

00.

Seven percent (and those percentages are of the monthly rent) of that is going to be $75.

00.

Repairs are going to be 5% which is $54.

00.

The property management in this case is 10% (should've put that there), and that would equal about $108.

00.

Total all those up.

These are going to be all your expenses.

Grand total: $342 for monthly expenses.

Now, here's your income: $1075.

00.

Here are your expenses: $342.

00.

So do $1075.

00 minus $342.

00 and if you buy this property for all cash in theory per month you should be getting $733.

00.

That is cash flow in your pocket per month.

To calculate your cap rate, you are going to do $733.

00 times 12 (because you want it annually) and the total amount that you paid for this house is $100,000.

00, which is going to equal… calculations…8796 divided by 100,000…you're going to get 0.

088, which equals 8.

8%.

This is your cap rate.

That is the main number.

That's going to explain to you kind of where the income is in relation to where the income is in relation to howmuch you paid for the property I know you're already asking (and I don't even have an eraser… let's see…hang on), I know you're already asking "Well, what if I'm financing because I've got a mortgage?" Ok.

Not a problem.

Let's erase this stuff.

You already know your expenses.

We're going to get rid this section.

We'll leave that $324.

00 for total expenses.

(I guess I could've written a little smaller.

) How do you deal with the mortgage? Well, $342.

00 was your total expenses without a mortgage.

All you need to do now is figure out what your mortgage payment per month is going to be.

Go online, find any old mortgage online calculator, plug in the numbers and see what your payment is going to be.

For this one, I used a 5% interest rate, and with 20% down (which is standard for an investment property), you're going to have a loan of $80,000.

00 (that's an $80K loan).

Your mortgage payment at a 5% interest rate is going to be $429.

00 per month.

Since the total expenses were $342.

00 already, just add those to $429.

00.

This will be your new expenses… (am I doing that right?) $771.

00.

Yeah so now you have Now you have $1075.

00 minus $771.

00 is going to give you $304.

00 per month.

This is your new net income after the mortgage payment.

On this house, you're still bringing home $304.

00 per month, which is ridiculous for a rental property.

That's amazing! That's $300 easy in your pocket per month.

The only thing you can do other than this is… you already have your cap rate…now you want to calculate your cash-on-cash return which ultimately for any purchase is all that matters.

Cap rates only explain whether you're getting a good price for the property or not.

Your cash-on-cash is actually how much you're making based on how much money you put into the deal.

So, $304.

00… make it annual, so times 12.

Then, instead of using your total purchase price, you want to put in how much money you actually put into the deal.

Your down payment on a $100,000.

00 house was probably $20,000.

thousand dollars I went ahead and rounded that up to $25,000 because you're probably going to have about $5000.

00 in closing cost.

That's going to give you 3648 divided by 25,000 equals 0.

1459.

Change that to a percentage and you are looking at a 14.

6% cash-on-cash return.

That is the number that you care about.

If you are paying all cash for the property all you care about is this 8.

8%, because your cap rate and your cash-on-cash will be the same for an all-cash buy.

For a finance buy (and this explains perfectly why I'm such a fan of leveraging money as much as possible), you're making almost 15% return on your money… on your actual cash that you invest.

That's amazing! With real estate prices gone up how they have, to be able to make a 15% cash-on-cash is great.

This is a fully rehabbed house.

Tenants are in it.

Property managers are in place.

The only work it took was for you to sign the papers and get a home inspection.

Boom! There are your numbers.

A very quick summary… We'll see if I can erase this super fast.

I'm not even going to try and erase it all.

I'll even do it in blue since I'm holding a blue marker here.

Step ONE: Calculate your expenses.

As a recap, that's going to be your taxes, insurance, property management fees, and estimate for vacancy and repairs, and then if you have the mortgage, the mortgage expenses.

You already know your income, so TWO: take your income minus your expenses and that will equal your net cash flow.

Don't ever buy a property that does not tell you that you're going to get a positive…Let's see… What did I say? Don't ever buy a property that suggests you're going to make a negative cash flow.

You always, always want positive.

THREE: Calculate the cap rate, which is your net income, times 12, divided by purchase price.

FOUR: If you're financing calculate your cash-on-cash… which is your net with the financing, times 12, divided by your cash in.

As a clarification point, the cap rate does not include any financing cost.

Your mortgage expense is not included in the expenses.

It has nothing to do with the equation.

That is standard.

Cap rates do not include financing.

It's assuming an all-cash purchase, because whether you finance or not (I like to say) is your own problem.

It has nothing to do with the purchase price.

What matters for you financers is the cash-on-cash, which does in fact take into account the mortgage expense.

That will calculate your official return.

Alright? That's easy rental property numbers.

Another…one last disclaimer… this does not include rehabs.

If you're rehabbing a property you have got to include those costs in these equations.

It takes a couple of extra steps.

It's still not a big deal.

In general… a general formula for you.

I hope it helps!.

Source: Youtube

6 Steps On How To Sell A House Fast And For Top Dollar

All right now, before you go find a very fastmoving bus and decide to throw a local real estate agent in front of it, what if I toldyou there's a way that you can sell your house for top dollar and fast.

And what if I alsotold you that you would be doing this and not losing any sleep at night, worrying aboutwhether you received top dollar and squeezed every penny out of your sale.

I'm going toshow you exactly how we use video, the Internet, pictures and a lot of other on line marketingstrategies to do just that.

My name is Mike Cuevas and I'm the creatorof Chicago Real Estate Dude website and this is not your ordinary real estate agent website.

This site was put together solely for the purpose of educating the mass public, peoplelike yourself, on how to sell a house fast and how to sell it for top dollar.

So look around.

You see what you see on line.

There are a lot of sellers selling their housesand moving into new ones and it seems to be seamless.

However, the problem that most sellershave before they decide to list their home on the market is where do you start.

Who doyou call, what agent, or what company do you use.

What is their marketing plan? Does theirmarketing plan include what it takes to get the mass exposure so that you can receivetop dollar? What about your closing cost? What about the pre-approval price on a newpurchase? All of these questions are common questionsthat a lot of sellers in your shoes have.

Look at this property right here.

This propertywas listed without an on line marketing plan.

When we first found this property, it wason the market for over 256 days with no [press agents 00:01:46] whatsoever.

Now once theychanged agents and hired us, we had a full on line marketing plan to it and it sold inunder 30 days and only for a $19,000 differential from their original asking price.

The difference?An on line marketing plan.

[00:02:00] So as you can see, listing and selling yourhouse in todays' market is simply no walk in the park.

You do have to do a little bitmore than just put a sign in the yard, list it on the multiple listing service, crossyour fingers and just hope an offer is going to come in.

You need a full on line marketingplan.

So here's exactly what you are going to getstarted on right below.

The first thing I'm going to show you is howto use and properly use the Internet for an on line marketing strategy that is going toraise the masses.

The second thing I'm going to show you is how do you properly use professionalpictures and videos to reach a mass audience through a social media platform such as Facebook,Linked-in and U-tube, just to name a few.

Now if you've ever seen a property on linethat looks better on line than it actually did when you went and saw it, I'm going toshow you exactly how we use those jet eye marketing mind tricks to have buyers thinkingthe exact same thing about your property.

The last thing we're going to cover is thatyou should.

are going to get a true idea and feeling of what your closing costs aregoing to be so that you know what your net walk-away figure is once you do close on thatproperty.

Now I created this site as a one stop resourceso that people can get real information and I can share all my secrets on how I sell homesthe right way for top price.

If you have any additional questions, all you have to do issimply just ask me.

I'll get back to you in 24 hours.

So what I want you to do right now, if you have any specific questions for me, is goahead and enter in your information in the contact form to your right and I will be gladto contact you within 24 hours.

If not, simply feel free to go around the site and checkout anything that you want.

[00:04:00].

Source: Youtube

How To Sell and Buy a Home on Same Day

The fun begins and with a few other thingscoming up in the near future we decided it was time to downsize and move closer to whereboth of our moms are It was just very smooth from the very beginning.

We were able to just click together.

I believe that this process was probably oneof the easiest and best.

I really think the best was to go with youguys first because we have had a really good experience.

I really liked the marketing.

The very first thing that I like that youwere able to do an Ariel view.

I had never really seen something like thatbefore so I was really impressed with the Ariel view.

And then I was really impressed that you didthe walkthrough, the things you said, and the enthusiasm that was shown, and the thingsthat were showing so positive about our home.

And then the way you guys marketing thingsand kept things going kept things moving, kept in touch with us to say ok what we cando here to see if we can help.

And I really did appreciate how well thatmarketing went because I know that the marketing really helped us a lot and I know that itwould have been harder if we wouldn’t have had the good marketing service’s that youguys gave us.

Everybody that we have talked to have beenvery impressed with everything and how it’s going.

The timing has worked out perfect for sellingthis home and purchasing the other.

We were able to close on both residences atthe same time that was a big help.

I really can’t see anything that you guyscould do different because you were so friendly, you were so helpful, and you were accessibleto us, you helped us in any way possible.

I just like what you’re doing so far sodon’t break it what you got going is great.

Thanks JoelThanks Ann! Thanks Joel! Thanks everybody for all of your help to helpus be successful to sell and move.

Thank you very much.

Source: Youtube