Get 32% Out Of Your Real Estate!
The Dynamic Wealth Report
November 9, 2009
Just the other day, I was working away on my computer. That’s when I
received a very interesting e-mail. I’m signed up to receive alerts from
a company specializing in selling foreclosures. They buy them on the
courthouse steps, then immediately flip them to other investors.
They operate throughout the entire Phoenix metro area. However, I’m only
interested in a few select areas. That’s why I rarely open their “For
Sale” alerts.
But this one was different…
“Phoenix 6-Plex For Sale” - I was curious.
My jaw hit the floor as I read the details. A 6-plex housing unit up for
sale, only $110,000. The first one to show up with the cash would own
the property. I dug a little deeper…
I went to Google to look at the location… It’s situated in a solid working
class neighborhood. You won’t see a Mercedes or Bentley rolling down
these streets… but you’re not paying premium prices either.
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I decided to drive by. The neighborhood was just like I thought… and the
building didn’t look too bad either. A little paint and a few minor
repairs and the property would look much improved. I couldn’t make it
inside any of the units… so I’ve got no idea how good or bad they look.
That might be a red flag.
I took a closer look at the price. Not the price of the building, but
the price of the rents. Any savvy real estate investor will tell you,
it’s not what you pay for a property, but what you get back in cash
flow.
Three units rented for $550. The other three rented for about $450.
I checked with my property manager and all the rents were right in line
with the neighborhood.
A little quick math and you realize this property generates $3,000 a
month in cash flow!
If you bought the whole place for cash - $110,000 - and just sat back to
collect the rent, you’d be sitting pretty. $3,000 a month for rent is
$36,000 cash every year.
That’s a 32% return on your money.
And that assumes the property value doesn’t rise over time. A property
like this could easily be worth $250,000 or $300,000 in just a few
years. Sell in three years for $300,000 and your return skyrockets to
270%!
Not a bad investment.
All you need to do is buy the right property at the right time. I think
now’s the perfect time to be getting back into real estate. And deals
like this one only confirm my thoughts.
Just look at the recent market data from the S&P Case-Shiller Home Price
Index. After heading lower for more than two years, it’s finally moved
higher. That means across the nation we’re seeing residential housing
values rebound.
It’s happening here in Phoenix, and no doubt it’s happening right where
you live too.
Opportunities in the real estate market can be had for another 9 to 12
months. But don’t wait… the best investments are already being snapped
up by other real estate investors.
• Railroad Industry (Up 13%)
News of Warren Buffett’s railroad buying binge is driving the entire
industry higher. In just the last month, Burlington Northern (BNI),
Norfolk Southern (NSC), and CSX (CSX) are up 22%, 17%, and 22%
respectively.
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