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Top Ten Fastest Growing Residential Markets in the U.S. – You May Be Surprised…
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Top Ten Fastest Growing Residential Markets in the U.S. – You May Be Surprised…

By on Dec 20, 2013 in From Find the Capital, Personal Investing | 0 comments

Article by, Brent Virkus of Find the Capital and TRiTON Capital Advisory We all know the housing market has made a reversal and is starting a vary significant uptrend. We ran across an interesting article on Market Watch that highlighted the Top 10 Fastest Growing Residential Markets in the Country. You may be surprised at the results. Pay special attention to number 7…. Oakland California Orange Country California Santa Barbara California San Jose California Seattle Washington Los Angeles California Detroit Michigan Portland Oregon San Diego California Reno Nevada You probably know that I’m a Detroit Native so I can’t tell you how proud I am to see Detroit on the list. We are always on the “other” list… Either way it does show you the incredible rebound Detroit is making and the amazing opportunity it presents to investors looking for solid returns in real estate. A few other articles you may want to check out are as follows: Hottest Real Estate Submarkets of Detroit Michigan Find the Capital’s Seven Keys to Flipping Houses The Best Ways to Make Money When Flipping Houses in Detroit Michigan If you’d like to learn more about how Find the Capital can help you get into the house flipping business simply click here and let us know. We’d enjoy the opportunity to help! For the full article click the following link: http://www.marketwatch.com/story/americas-10-hottest-housing-markets-2013-08-14   “It’s Official…The REAL ESTATE recovery has begun!” So how does the every day investor take advantage of one of the greatest investment opportunities of a lifetime? Check out this FREE Video on The Individual Investors Guide to Investing in Commercial Real Estate! Don’t Be Left Behind…..!  ...

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The Best Ways to Make Money When Flipping Houses in Detroit Michigan
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The Best Ways to Make Money When Flipping Houses in Detroit Michigan

By on Dec 20, 2013 in From Find the Capital, Personal Investing | 0 comments

Article by, Brent Virkus of Find the Capital and TRiTON Capital Advisory As you may know I’ve spent over 20 years in the real estate and investment business managing stock portfolios, flipping houses and developing commercial real estate. All in all I’ve been directly involved in a little north of $1 billion in real estate transactions. Needless to say I’ve learned a lot over the years…both good AND bad. A recent article posted on Market Watch highlighted Detroit MI as one of the 10 fastest growing residential markets in the country. In fact, we came in at number 7. The growth Detroit is experiencing offers incredible opportunity in the house flipping business. We’ve even seen a study that indicates their is demand for another 10,000 residential units over the next five years. One of the questions we get most frequently is what is the best way to make money flipping houses. So in this article I thought I would highlight the two strategies we use to produce consistent results. First you need to make sure you are buying a property at a significant discount to market value. Most importantly you need to make sure you have the ability to add value to that property. A good article to read is Find the Capital’s 7 Keys to Flipping Houses. In this article we outline exactly how we underwrite and structure our deals. So at this point I’m going assume you know how to acquire the house and add value to it and are at the point you want to know exactly how to make money on the Flip. There are really two simple exit strategies you should consider: Sell the house to an home owner looking for a turn key property. This is the simplest way to make money. You take a house that needs significant renovation work. Then buy it at the right price, fix the problems and sell it to a home owner looking for a turn key property to move into. This is your classic flip home scenario. Sell the house to an investor. In this situation, you buy the house, add value to it (i.e. fix it up) and then put a renter into it. At...

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Hottest Real Estate Submarkets of Detroit Michigan to Invest In
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Hottest Real Estate Submarkets of Detroit Michigan to Invest In

By on Dec 19, 2013 in From Find the Capital, Personal Investing | 0 comments

Article by, Brent Virkus of FInd the Capital and TRiTON Capital Advisory Since Detroit was allowed to file bankruptcy, there has been a lot of attention from the country on the city’s future and how it will impact the residential real estate market in Detroit. As a local to Detroit and a lifetime Michigan native, I thought I would share what has been happening in the city and how it is impacting residential real estate. The biggest impact on the city has been Dan Gilbert’s focus on buying up Detroit based real estate and relocating his various companies to the city. This has also drawn other companies to relocate to the city bringing even more young people to the city. Some of the most noteworthy companies located in the city are: General Motors Quicken Loans Compuware Chrysler DTE Energy Wayne State University The recent increase in companies moving to he city has caused an incredible rise in demand for residential units. In fact, Occupancy levels in the city are close to 100% and according to Market Watch residential prices have increase over 30% in the past 12 months! Market Watch even ranked us the 7th fastest growing city in the country. We’ve even seen studies that highlight there is demand for another 10,000 residential units over the next 5 years in the city of Detroit. Things are so strong in the rental markets that higher end apartment buildings are getting close to $2 per foot, which is significantly higher than the suburbs. As a real estate investor, this brings great opportunity for both developers of multifamily and people looking to renovate and flip houses. The following is a summary of the hottest areas: The Woodward strip from downtown to mid-town. This strip basically starts at the General Motors and Quicken Loans headquarters through the entertainment district which includes Tigers Stadium, Ford Field and where they will be building the new Red Wings stadium. The strip then continues to Wayne State University. Corktown. This is the oldest village in the city of Detroit where the old Tigers Stadium was located. Corktown has a very unique character to it as it is made up of mainly historical single family residences. Rivertown....

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Find the Capital’s Seven Keys to Flipping Houses
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Find the Capital’s Seven Keys to Flipping Houses

By on Dec 13, 2013 in From Find the Capital, Personal Investing | 0 comments

Article by, Brent Virkus All indications are that the residential real estate market hit bottom in 2011 and has started a significant recovery. This offers a great opportunity to make solid investment returns while limiting risk through flipping houses. In our opinion we’ve got about a 3-5 year period of time from today to take advantage of this once in a generation opportunity. Most of your best opportunities will exist in the foreclosure market through bank owned properties, Fannie Mae and others. The good news is there is still a significant volume of foreclosures headed our way so if you are disciplined in the way you go about things, you have a great opportunity ahead of you! Find the Capital is very active in helping investors get into the real estate market. To help you take advantage of this once in a lifetime event, we thought we would highlight our Seven Keys to Flipping Houses: 1. You make your money on the Buy not the Sell. This is probably the most important thing to understand about flipping houses. Make sure you completely understand the market you are investing in and what comparable properties are trading for. So rule number one is to always buy at a significant discount to market. This way you are not banking on the market needing to rise to make your money. Be patient. The right opportunities will come your way if you are disciplined. 2. Make sure you have the ability to “Add Value” to the home you purchase. The great news is most foreclosure homes or homes trading at a significant discount to market are vacant and in need of moderate to significant renovation. Focus most of your energy on the kitchen, bathrooms and master bedroom. These are the areas that ultimately “Sell” the house. 3. Properly underwrite your Purchase Price When establishing your purchase price it is imperative to properly underwrite the deal and your potential profit. We do this by starting with what we think we can ultimately sell the house for once it is completely renovated or repositioned. We then take this number and multiply it by what profit margin we are looking to make, which is typically 20%. Then...

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Home Investment Made Easier – 5 Important Tips
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Home Investment Made Easier – 5 Important Tips

By on Oct 29, 2013 in Personal Investing | 0 comments

Article by, Allen Home investment made easier with 5 important tips Fact that the economy is showing some improvements even if they might be small, has actually got the investors toying with the idea of jumping onto the residential real estate bandwagon again. The low prices make it an all the more beneficial time to actually do so. Now, even though prices might be good to you, fact remains that the days of quick and easy financing have long been over. Plus there’s a really tight credit market out there which makes it all the more difficult to actually secure loans and that too for investment marketing. Now all this can be within your reach when looking to make some home investments if you incorporate some creativity and preparation. 5 Important tips on home investment Well, since you’re looking to seek out financing and that too for residential investment property, then it’s always advisable that you’re equipped with some handy tips to make the process more enduring for you. Check them out. Know your financial standing: The first and foremost thing you should follow is to be careful of the factors that are influencing the terms of a loan when it comes to a residential investment property. For instance, you should make it a point to check your credit score. If it’s below 740, then it can actually begin to cost you additional money, that too for the same rate of interest. Or perhaps you might have to pay a higher rate of interest. You should also check for the kind of reserves you’ve got that’ll pay for all your expenses, both personal as well as investment related. Be prepared for a hefty down: Understand this for a fact right from the beginning that mortgage insurance won’t really cover for home investment properties. This is essentially the reason why you should be prepared to put down a 20 percent down payment at least. This is the best way to secure traditional financing and if you can amass more down payment, say on the lines of 25 percent, then you could even get a lower rate of interest. Look for owner financing: Of late the practice of seeking owner financing...

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Investing Like a Psychopath
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Investing Like a Psychopath

By on Oct 22, 2013 in Personal Investing | 0 comments

Article by Morgan House of the Motley Fool What makes a good investor? People who are calm. People who take a long-term view. And, according to one study, people with brain damage. In 2005, a team of researchers from Stanford, Carnegie Mellon, and the University of Iowa gave a group of participants $20 each. They were then made an offer: You can flip a coin up to 20 times. If you lose the coin toss, you owe $1. If you win, you get $2.50. Everyone in this situation should make as many tosses as possible, since there’s a 50/50 chance of accurately guessing a coin toss, and the reward for winning is far larger than the penalty of losing. But the researchers found only one group of participants willing to make large numbers of tosses: Those with a lesion in the area of their brains that controls emotion. Participants with normal brains threw in the towel after flipping a few losses in a row. People don’t like losing money, and even if you know the odds are in your favor, a couple losses will turn you off. But those whose brains suppressed emotions kept on betting, regardless of past losses. Not surprising, given the odds and payoffs of the coin-toss game, they ended up with more money. One of the co-authors of the study called these coin-flippers “functional psychopaths,” since their damaged brains prevented them from being affected by emotions. The non-psychopaths with normal brains remembered how losing felt and became twice bitten, once shy. Their memories blocked rational behavior. Your money and your memory Next to losing sight and motion, surveys show losing your memory is one of the most frightening things people contemplate. But we rarely think about how our memories hurt us. As investors, they often do. We’re more likely to remember negative, emotional events than ordinary or positive ones, especially in the short run. That’s how it should be: You want to learn to avoid bad things that happened in the past. But it plays a dirty trick on us: “People tend to assess the relative importance of issues by the ease with which they are retrieved from memory” psychologist Daniel Kahneman writes in his...

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