Thursday, December 17, 2015
Thursday, December 3, 2015
Monday, November 30, 2015
Investing in Real Estate with a Solo 401(k)
A Solo 401k which is also known as a self-employed 401k is generally set up by business owners who work for themselves without any employees, solopreneurs, and/or their spouse. These types of 401k plans have the same rules and regs as any other 401k plan. Solo 401k plans allow great flexibility with their investment options […]
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Thursday, November 19, 2015
Thursday, November 12, 2015
Thursday, November 5, 2015
Thursday, October 29, 2015
Friday, October 23, 2015
Why You Should Always Use a Real Estate Agent When Selling Your Home
While FSBOs (For Sale By Owner) might have worked ok for sellers back in the 70’s or even the early 80’s, these days with the reach of the MLS online, it really doesn’t make sense not to use an agent when you go to sell your home. Many sellers think that saving the 3% of […]
The article Why You Should Always Use a Real Estate Agent When Selling Your Home Read more on: The LM2 Investment Group
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Thursday, October 22, 2015
Thursday, October 15, 2015
Advantages to Being a Real Estate Investor
We have worked with many real estate investors over the years. Mike S. my partner, was an investor for quite a while as well. Being a real estate investor has many benefits over having a typical job. Here are a few reasons to help get you pumped up and excited about becoming a real estate […]
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Thursday, October 8, 2015
Thursday, October 1, 2015
Sell Your Home Faster Using Social Media
Even though the Phoenix area real estate market has a low inventory and it is for all practical purposes it is a seller’s market, here are a few tips to help you utilize social media to help sell your home faster no matter where you live. Facebook. Create a business page to show case your […]
The following blog post Sell Your Home Faster Using Social Media is courtesy of The LM2 Investment Group
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Friday, September 18, 2015
3 Things to Consider When You Want to Sell Your Home
Selling a home these days requires a lot of thought and planning. Here are 3 quick things to consider when you are thinking of selling you home…
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Sunday, September 13, 2015
Rental #1: 6-Month Update
I wrote a couple months ago about our first long-term rental property, and I promised to provide updates every six months or so to give an idea of how the investment is going and what we’re learning. It’s now been six months seen the purchase of that property, so I thought I’d provide an update…
Keep in mind that this data is only for part of a year, so the numbers aren’t very meaningful (for example, I’ve paid annual tax bill in that six months but the amount paid represents 12 months of payments). But, since I plan to provide updates over the long term, I’ll put the numbers down here for future reference…
Here are the highlights of the past six months:
- Tenants moved in just over six months ago (February 23).
- Property is being managed by a professional property management firm, so I’ve been mostly hands-off, other than getting my monthly direct deposits and having to take a phone call here and there and dealing with one maintenance issue. The investment has been nearly completely passive so far.
- Tenants pay $1450/month in rent — so far, it appears that the rent has been paid by the 3rd of the month each and every month.
- The one maintenance issue was with the HVAC system. A blower motor went bad and the freon in the condenser was low. The repair cost more than I was expecting, and had I known the price upfront (which I approved without seeing the invoice), I would have had my own HVAC guy do the repair. But, it was nice that I didn’t have to deal with anything.
Fortunately, that’s all there is to mention…it’s been a very unexciting few months…which I’m very happy about…
Here are the numbers since the tenant has moved in…
Keep in mind that these are actual expenses — they are not pro-rated…so, for example, if I don’t list an insurance cost, that’s because I didn’t have a bill during this period, not that I didn’t have insurance on the house…
As a reminder, I spent $61K on the purchase and $18K on getting it into service (total asset value of $79,374). We don’t currently have a loan against this one, though that’s a consideration in the next 6 months.
The few things that skew the returns down for this short period of time are the one month of rental income I paid the PM, the one year of property taxes I paid, the one year of State personal property taxes paid and the utility bill for the period prior to the tenant moving in.
I expect the 12-month numbers to be more reflective of longer-term ROI trends.
Original Article Source: Rental #1: 6-Month Update
Monday, September 7, 2015
Crazy High Prices of Real Estate Around the World
While we here in the USA are still feeling the effects of the real estate crash of 2008, it is no wonder that only one US city ranks in the top 10 most expensive cities to buy real estate in.
Crazy High Prices of Real Estate Around the World is available on Real Estate News
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Thursday, September 3, 2015
Friday, August 28, 2015
Renovations That Raise Your Home’s Value
Whether you’re thinking about undertaking redesign work to your house, or are considering putting your premises up for sale, enhancing the property value of your house can be attained with easy home remodeling ideas. Home improvements may be costly and not all increase exactly how much your home will be
Renovations That Raise Your Home’s Value was first published to RE News
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Thursday, August 20, 2015
Foreclosure Filings Still Up and Down Like a YOYO?
Out here in the southwest we were hit very hard during the housing crash in 2007-2008. The western states appear to be recovering nicely and I was under the impression that the mainstay of foreclosure filings nation-wide were behind us. On the east coast in Massachusetts however, foreclosure filings shot
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Monday, August 17, 2015
Rent Prices Soar in Phoenix AZ
Phoenix has turned into a buyer’s market over the past couple of months. This is causing a chain reaction with the rental markets as people moving to the valley of the sun are being forced to rent when they can’t find a home to purchase. KPHO TV Channel 5 just reported that since last year, […]
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Sunday, August 16, 2015
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#PhoenixHardMoney https://t.co/6hGQsDAaUf
— LM2 Investment Group (@LM2_Investment) August 16, 2015
August 17, 2015 at 12:16AM
via Twitter https://twitter.com/LM2_Investment
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#LM2InvestmentGroup https://t.co/6hGQsDAaUf
— LM2 Investment Group (@LM2_Investment) August 16, 2015
from Twitter https://twitter.com/LM2_Investment
August 17, 2015 at 12:14AM
Thursday, August 13, 2015
Tuesday, August 11, 2015
Western City’s Home Prices Are Finally Increasing
After a very bumpy roller coaster ride, the western half of the USA is finally seeing decent gains in home values. Home prices in Phoenix didn’t rise as fast as they did in Denver, Los Angeles and San Francisco as reported by the Phoenix Business Journal. Home prices continue to
The following blog post Western City’s Home Prices Are Finally Increasing Read more on: Real Estate News
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Thursday, August 6, 2015
Thursday, July 30, 2015
Using Hard Money as a Bridge Loan to Buy Fast
Home loan interest rates are still very low for traditional mortgages. In the Phoenix area we are experiencing a very low inventory of homes for sale and rents are increasing drastically. If you are in the market to purchase a home now, and need a way to have more leverage
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Monday, July 27, 2015
Why Should You Invest in Real Estate?
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Wednesday, July 22, 2015
Seven Steps to Get Started in Real Estate Investing
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Friday, July 17, 2015
How to create a $10000 per month passive income
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Community Spotlight – Dobson Ranch in Mesa
Around here, we like to talk about communities that we think are cool places to live.
Dobson Ranch is in Mesa’s 85202 zip code and is located just east of Price Road, stretching to Alma School Rd, south of the Superstition freeway all the way to Guadalupe Rd, Dobson Ranch offers a very convenient location near the 60 and the 101 freeways. The super-convenient freeway access and the abundance of restaurants, jobs and shopping in the area make for a great place to live.
With approximately 65 acres of common areas, residents enjoy more than a dozen tennis courts, four swimming pools, seven man made lakes, three recreation centers and miles of lakeside pathways perfect for morning walks or evenings jogs. Meet your neighbors at any of the well organized community activities ranging from a summer camp for kids to a weekend BBQ. There’s a really nice public golf course at Dobson Ranch, as well. A great lifestyle community, for sure.
Did you know that Dobson Ranch was the first master planned community in Mesa, Arizona? Yep, it was.
The area that is now Dobson Ranch was once home to over 20,000 head of cattle. Today, it is home to more than 15,000 residents.
Whether you’re looking for a single family home, condominium or townhouse, Dobson Ranch is is a great fit. Take a look at all Dobson Ranch has to offer. If you have any questions or would like to see any of the homes for sale in Dobson Ranch, just click on any of the homes below. Contact us any time, we are happy to help.
Dobson Ranch Homes For Sale
Originally posted on Phoenix Real Estate Guy. If you are reading this anywhere but inside your RSS feed reader or your email client, the site you are on is guilty of stealing content.
(c) Copyright Jay Thompson. All Rights Reserved.
Article Source: Community Spotlight – Dobson Ranch in Mesa
Thursday, July 16, 2015
Open House: 651 E Stottler Place in Stonegate Crossings
Who is ready for some open house fun on Saturday July 18th from 9am until 2pm at 651 E Stottler Place in Chandler. The home is located in the Stonegate Crossings subdivision in NE Chandler off McQueen and Warner Rd.
If you come on by the open house between 11am and 1pm Shane Hollenback from Academy Mortgage will be joining us and grilling up some hot dogs.
Give us some feedback on the house and be entered in to win a gift card to Best Buy, Lowes, Red Lobster and more.
Here is the house at 651 Stottler Place in Stonegate Crossing
Originally posted on Phoenix Real Estate Guy. If you are reading this anywhere but inside your RSS feed reader or your email client, the site you are on is guilty of stealing content.
(c) Copyright Jay Thompson. All Rights Reserved.
Article Source: Open House: 651 E Stottler Place in Stonegate Crossings