THE BEST (AND WORST) CITIES TO OWN INVESTMENT PROPERTY

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For those looking to participate in the often volatile and profitable real estate market, GOBankingRates surveyed 61 out of the 100 most populous cities in the U.S. to find the best and worst cities to own investment property.  GOBankingRates analyzed the following factors:

• Employment growth: the percent change in the city’s number of employed people year-over-year
• Population growth: the percent change in the city’s population year-over-year
• Increase in home values: the percent change in the city’s median home value year-over-year
• Years to pay off property: the number of years it would take for rental income to pay off the median home value.

"Growing populations in the top 10 cities on our list are fueling the need for more housing," says Cameron Huddleston, Life + Money columnist for GOBankingRates. "That’s why these cities are such great places to own investment property now. On the other hand, the cities at the bottom of our list have seen little-to-no population growth, so the demand for housing isnt as high, which means real estate investors won’t do as well there."

Stand-Out Study Insights:

• Five out of the 10 best cities to own property are located in Florida and Texas.
• Population levels are actually declining in places like Anchorage and Cleveland, pushing them to the bottom of the list.
• When it comes to real estate investments, Midwest isn't best. None of the Midwest states made it into the top 15 of the best states to own investment property.
• Seattle, Austin and Reno rank among the top 10 places to own investment property. However, it takes 17-19 years to pay off median home values in these cities based on yearly rents.

For more information, visit www.gobankingrates.com.

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OUTDOOR REMODELING PROJECTS BRING HAPPINESS AND FINANCIAL RETURNS

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Homeowners looking to tackle a remodeling project should head outside, according to a new report from the National Association of REALTORS(R) (NAR) and National Association of Landscape Professionals (NALP).

The 2016 Remodeling Impact Report: Outdoor Features shows that not only can outdoor remodeling projects add value to a home on resale, but they can also bring advantages to homeowners planning to stay in their homes in the form of increased happiness.

"Realtors(R) understand the importance of curb appeal because when it is time to sell, a home's exterior is its first impression to potential buyers," says NAR President Tom Salomone. "Realtors(R) also know that these projects-from flowerbeds to fire pits-can bring homeowners who have no plans to sell even more enjoyment and satisfaction in their home." 

According to the report, which analyzes the reasons why homeowners complete outdoor remodeling projects and the value-both financially and emotionally-the finished projects bring to the homeowner, taking care of your home's lawn will bring the most bang for the buck. Looking at the outdoor projects that produce the largest financial windfalls at resale, Realtors(R) ranked seeding lawn the highest, recovering 417 percent of the project cost at resale. Seeding lawn is followed by implementing a standard lawn care program (303 percent of cost recovered) and updating landscaping with sod lawn (143 percent recovered) as the most cost-effective projects.

When it comes to the enjoyment homeowner's gain from these projects, a new pool comes in at No. 1, receiving a perfect Joy Score of 10; Joy Scores range between 1 and 10 and higher figures indicate greater joy from the project. Ninety-five percent of homeowners who completed a pool project said they have a greater desire to be at home, 90 percent felt a major sense of accomplishment, and 80 percent have an increased sense of enjoyment when they are at home. However, Realtors(R) estimate that homeowners will only recoup 50 percent of the cost on resale, making it one of the least profitable projects in the report.

The next most appealing project is an overall landscape upgrade-with a Joy Score of 9.8- followed by a new wood deck, with a Joy Score of 9.7. When asked why homeowners took on these projects, the most common response was to add features to their home and improve livability.

"Homeowners looking to take on large, expensive outdoor projects should do so for themselves, for the enjoyment they and their family will gain from the finished results, and not only to improve the value of their home for when they sell. Smaller projects will bring potential sellers the most value back upon resale-and have the benefit of costing less up front," says Salomone.

"This report validates that outdoor remodeling and landscaping improvements are a necessity when it comes to improving your home's resale value," says Missy Henriksen, vice president, public affairs, NALP. "Homeowners working with a landscape professional to embark on renovations-whether that means enhancing their turf and growing a lush lawn, rehauling their entire landscape, or incorporating new features, like patios and exterior fireplaces-can rest assured that they are making a smart, worthwhile investment. Further, that investment is coupled with the immediate happiness received by beautiful landscaping and the long-term enjoyment of outdoor living spaces, which are priceless."

The National Association of Landscape Professionals is the trade association for the landscape industry, which employs nearly 1 million landscape, lawn care, irrigation and tree care professionals who create and maintain healthy green spaces for the benefit of society and the environment. Member companies specialize in lawn care, landscape design and installation, landscape maintenance, tree care, irrigation and water management, and interior plantscaping.

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OUTDOOR RENOVATIONS VALUABLE NOW AND LATER

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Remodeling your house? Add an outdoor redo to the project. According to a report from the National Association of REALTORS(R) (NAR) and the National Association of Landscape Professionals (NALP), an outdoor renovation can add significant value to a home come resale.

The most valuable updates, per the report, are:

 - Seeding the Lawn (Reaps 417 percent of its cost)
 - Implementing a Standard Lawn Care Program (303 percent)
 - Sodding (143 percent)

An outdoor renovation can also up the enjoyment factor-the "Joy Score," according to the report. The highest project on the Joy Score scale? A pool, though it is one of the least profitable at a 50 percent return-on-investment.

The most appealing projects following a pool, the report found, are an overall landscape upgrade and a new wood deck.

"Realtors(R) understand the importance of curb appeal because when it is time to sell, a homes exterior is its first impression to potential buyers," says 2016 NAR President Tom Salomone. "Realtors(R) also know that these projects-from flowerbeds to fire pits-can bring homeowners who have no plans to sell even more enjoyment and satisfaction in their home.

"Homeowners looking to take on large, expensive outdoor projects should do so for themselves, for the enjoyment they and their family will gain from the finished results, and not only to improve the value of their home for when they sell," Salomone continues. "Smaller projects will bring potential sellers the most value back upon resale-and have the benefit of costing less up front."

"Homeowners working with a landscape professional to embark on renovations-whether that means enhancing their turf and growing a lush lawn, rehauling their entire landscape, or incorporating new features like patios and exterior fireplaces-can rest assured that they are making a smart, worthwhile investment," adds Missy Henriksen, vice president, Public Affairs, NALP. "Further, that investment is coupled with the immediate happiness received by beautiful landscaping and the long-term enjoyment of outdoor living spaces, which are priceless."

Source: National Association of REALTORS(R)

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5 GYM-FREE FITNESS IDEAS

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(BPT)-There's no question visiting the gym is beneficial to your health-but a busy schedule, a tight budget (or, we'll admit, laziness) can keep you from committing to a gym routine.

Being fit, fortunately, doesn't require a gym membership, says Tavis Piattoly, an expert nutritionist and sports dietician who is the co-founder of My Sports Dietician. Piattoly's gym-free, no-fuss regimen includes these anywhere, anytime ideas:

At Home - Don't feel like trekking to the gym? No problem, says Piattoly. Do jumping jacks, lunges, planks, push-ups, shoulder presses with dumbbells, sit-ups or squats at home.

At Work - Overcoming the sedentary office lifestyle is as simple as parking farther from the door or taking the stairs instead of the elevator. Take a five-minute break every hour to complete chair squats or seated leg raises, Piattoly advises.

On Errands - Avoid making the "I don't have time" excuse-take a walk (or run) in the parking lot while you wait for your children to attend their extracurricular activities.

Outside - Outside, the fitness possibilities are endless, Piattoly says. Fishing, hiking, kayaking, mountain biking, paddle boarding and skiing are all excellent forms of outdoor exercise.

With Friends - It's a fact: fitness is fun with friends. Piattoly suggests organizing a group for Frisbee, a pick-up game, a recurring relay race or swimming.

Fitness, gym-free or otherwise, is not complete without a balanced diet. The best meals, according to Piattoly, are ones with complex fiber carbohydrates, healthy fats and lean protein, eaten every three to four hours. And, if your nutrients are lacking, Piattoly recommends a daily omega-3 supplement, which benefits several areas of the body.

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Real Estate Cash Buyers Lists For Real Estate Sales

Real Estate Cash Buyers Lists For Real Estate Sales, CASHBUYERSLISTS.COM

Real Estate Cash Buyers Lists For Real Estate Sales

What are real estate cash buyers? Real estate cash buyers are individuals or entities who have made real estate purchases with cash for real estate deals.

Find Real Estate Cash Buyers today.  CashBuyersLists.com

www.CashBuyersLists.com maintains a growing database of real estate cash buyers or real estate investors.

Cash buyers are typically real estate renovators, rehabbers and/or wholesalers, who have the capital or access to private funding to purchase properties without conventional financing. 

The entities of the real estate cash buyers lists we maintain do not need to get qualified for financing to close on a deal.

Real estate cash buyers can close quickly once title work is done because they offer all cash for their real estate deals and understand real estate acquisition is faster with cash.

Find Real Estate Cash Buyers - CASHBUYERSLISTS.COM

Your Cash Buyers Lists are the lifeblood of your real estate business and is critical to your success in “Assignment of Contracts” & “Quick Flipping”. 

Without Cash buyers or a cash buyers list…you are not in business! Having real estate to sell is worthless if you do not have a cash buyer wanting to buy your real estate.

Any seasoned wholesaler knows how truly important it is to have a strong list of cash buyers for your real estate deals.

Best of all...

NO COMMITMENT, CONTRACTS OR SUBSCRIPTIONS REQUIRED!

THE CASH BUYERS LISTS WE MAINTAIN PROVIDES A LIST OF CASH BUYERS FOR ALL OF THE FOLLOWING STATES

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District Of Columbia
Florida

​Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine

​Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire

New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island

South Carolina
Tennessee
Texas
Utah
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Are you a real estate agent, broker, investor, funding provider or wholesaler?  Grow your real estate business today with WWW.CASHBUYERSLISTS.COM

7 RULES TO MANAGING A PRODUCTIVE REAL ESTATE TEAM

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Every MLS market has a highly productive real estate team. They are a dominating force and everyone knows their "For Sale" signs. They're everywhere, right? But behind those teams, what separates them from the rest?

We often wonder, "Who leads them and what do they do differently?" We picture characters like Steve Jobs and Elon Musk and try to emulate them. But as we've discovered, managing a productive real estate team only requires a few characteristics. We've dubbed them the seven rules.

1. Set an Example
You are the example. Let me stress this again: you are the role-model. Team members will follow your lead. People naturally emulate their superiors, in subconscious attempts to win favor. If you're not allocating your time wisely, staying organized, and completing the tasks you deem a priority, how do you expect your team to do the same? They'll see a double standard ... so set the right example for everyone. Show them how you became an expert salesperson and obtained the ability to lead.

2. Establish Goals Early On
Every real estate team has yearly goals. Who doesn't want to make $100+ million in transaction sides? Now, take those goals to the next step. How do team members execute on tasks to support that goal? This will help you establish what people should be working on and what they shouldn't be working on. As you create those boundaries, you create focus for your team.

3. Control Orientation
Once goals are established, enforce the sales process (to meeting those goals). Studies have shown leaders who closely monitor the behavior and tasks of their team see increased performance and productivity from sales agents.

4. Give Them Autonomy
If you look back at Rule #3, this one seems like a reversal, but it's not. As mentioned before, you do want to control the sales process for team members, but you also want to balance it with a level of freedom to act. When team members are in the field, they need to make key decisions for their clients, so give them the autonomy to do so.

5. Rethink Meetings
Meetings can be an office time-suck, but they can also be valuable sources of information. They are a chance where individuals can share opinions, data, and have equal input. The key to meetings is: Don't have them unless you have a clearly-defined purpose for it. Don't host a meeting just because it's routine. If people are gathering from their work, make sure it's valuable for them and for the business.

6. Be an Adaptable Coach
Great real estate leaders understand there isn't a one-size-fits-all to selling. Different people have different tactics and see different success rates. Because of this diversity, you shouldn't employ a one "catch all" coaching technique. Adapt your style to each individual and help them become successful.

7. Employ Strategic Leadership
Real estate leaders are battlefield commanders. It's your job to organize the team's sales strategy and build a plan to beat the competition. You're not trying to be No. 1 or make your team members the "best." You're looking for unique ways to employ your staff. What are their strengths? What are their weaknesses? Now, where should you position them in the market? Should they cater to a specific type of clientele? Basically, look at how to deploy the team ... like an army. Where and how will they win?

Productive real estate teams are led by great sales leaders. Those leaders understand how to set expectations and goals. They know how to enforce them while giving them room to act. And they, most importantly, know how to deploy them in the market for maximum efficiency. As you look at your team, think about what areas you can improve and experiment with. Measure its success and then adjust. The MLS market is a battleground constantly being fought for.

Make Your Team a Productive Team ... with BoomTown Grow

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HOME FLIPPING HITS SIX-YEAR HIGH

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A total of 51,434 U.S. single family home and condo sales were completed flips in the second quarter of 2016, according to a new RealtyTrac Q2 2016 U.S. Home Flipping Report. These numbers are up 14 percent from the previous quarter and up 3 percent from a year ago to the highest number of home flips since Q2 2010-a six-year high.

For the report, a home flip is defined as a property that is sold in an arms-length sale for the second time within a 12-month period based on publicly recorded sales deed data collected by ATTOM Data Solutions in more than 950 counties accounting for more than 80 percent of the U.S. Population.

Homes flipped in Q2 2016 accounted for 5.5 percent of all single family and condo sales during the quarter, down from 6.7 percent of all sales in the first quarter but up from 5.4 percent of all sales in Q2 2015.

A total of 39,775 investors (including both individuals and institutions) completed at least one home flip in Q2 2016, the highest number of home flippers since Q2 2007-a nine-year high.

"Home flipping is becoming more accessible for smaller operators thanks to an increasingly competitive lending environment with more loan options for real estate investors, who are also benefitting from the historically low mortgage interest rates," says Daren Blomquist, senior vice president at ATTOM Data Solutions. "That favorable lending environment for flippers has helped to fuel the recent flipping frenzy we've seen over the past five quarters.

"We're starting to see home flipping hit some milestones not seen since prior to the financial crisis, which is somewhat concerning, but there are a couple of important differences in the home flipping of 2016 compared to 2006 when home flipping peaked during the last housing boom," Blomquist continues. "First, home flippers are realizing a much bigger gross ROI in 2016, averaging 49 percent in the first two quarters compared to an average gross ROI of just 27 percent in 2006. Second, while an increasing number of flippers are financing their purchases, more than two-thirds are still using cash to purchase compared to about one-third using cash to purchase back in 2006." 

Of the 51,434 homes flipped in the second quarter, 68.3 percent were purchased with cash by the flipper, down from 71.1 percent in the previous quarter and down from 69.6 percent in Q2 2015 to the lowest level since Q3 2008-a nearly eight-year low.

"The single family real estate sector is becoming more institutional, which means that more financing is available and more attractive," says Varun V. Pathria, CEO at Asset Avenue, a company that provides investor rehab, bridge and rental loans. "The entrepreneurs are also becoming savvier and as a result are looking to leverage their capital more. There continues to be a fringe group of people who enter and exit the sector based upon opportunity and those people are hard to predict but generally look to take maximum leverage."

Pathria noted that 79 percent of the rehab loans Asset Avenue has originated so far in 2016 have been purchase loans while the remaining 21 percent have been refinance-typically an investor who purchases with cash at a foreclosure auction or some other auction and subsequently finances the property.

Gross Flipping Profit Increases to New All-Time High
Homes flipped in Q2 2016 sold on average for $189,000, $62,000 more than the average purchase price of $127,000, according to ATTOM data. That $62,000 average gross profit was up from an average $59,250 gross flipping profit in the previous quarter and up from an average $57,900 gross flipping profit in Q2 2015 to the highest average gross flipping profit since Q1 2000, the earliest quarter tracked in the report.

The average loan amount for rehab loans originated by AssetAvenue so far in 2016 was $193,786, according to CEO Pathria.

The $62,000 average gross flipping profit represented an average 48.8 percent return on the original purchase price, down from a 49.3 percent average gross flipping ROI in the previous quarter but up from a 47.5 percent average gross flipping ROI in Q2 2015.

Average Days to Flip at 10-Year High
Homes flipped in Q2 2016 took an average of 185 days to flip, up from 180 days from the previous quarter and up from 182 days in Q2 2015 to the highest level since Q2 2006-a 10-year high.

Among 100 metropolitan statistical areas with at least 90 home flips in Q2 2016, those with the longest average time to flip were Ogden-Clearfield, Utah (229 days); Naples, Fla. (222 days); Punta Gorda, Fla. (212 days); Palm Bay-Melbourne-Titusville, Fla. (206 days); and Pensacola, Fla. (206 days).

Markets with Highest Home Flipping Rate
Among 100 metropolitan statistical areas with at least 90 homes flipped in Q2 2016, those with the highest flipping rate were Memphis (11.1 percent); Visalia-Porterville, Calif. (10.1 percent), Tampa (10.0 percent); York-Hanover, Penn. (9.7 percent); and Mobile, Ala. (9.6 percent).

Other metro areas in the top 10 for the highest flipping rate in Q2 2016 were Fresno, Calif. (9.5 percent); Lakeland-Winter Haven, Fla. (9.5 percent); Deltona-Daytona Beach-Ormond Beach, Fla. (9.4 percent); and Clarksville, Tenn. (9.3 percent).

Along with Memphis and Tampa, major markets with a population of at least 1 million where the Q2 2016 flipping rate was above 7 percent were Miami, Orlando, Baltimore, New Orleans, Phoenix, Jacksonville, Florida, Nashville, and Las Vegas.

Markets with Highest Gross Flipping Profits
Among the 100 metropolitan statistical areas with at least 90 home flips in Q2 2016, those with the highest gross ROI for homes flipped in Q2 2016 were Pittsburgh (133.3 percent), Allentown, Pa. (117.9 percent); New Orleans (111.5 percent); Cleveland (102.6 percent); and Philadelphia (98.9 percent).

There were nine metro areas where the average gross flipping profit in Q2 2016 was more than $100,000: San Jose, Calif. ($161,000); San Francisco ($146,000); Los Angeles ($125,000); New York ($124,160); San Diego ($111,250); Oxnard-Thousand Oaks-Ventura, Calif. ($110,000); Baltimore ($105,000); Washington, D.C. ($104,500); and Seattle ($102,900).

Thirty-five percent of all homes flipped in Q2 2016 were sold by the flipper for between $100,000 and $200,000, the biggest share of any price range, but the biggest year-over-year increase in terms of price range was homes flipped in the $200,000 to $300,000 range-up 10 percent from a year ago.

Homes flipped for more than $5 million yielded the highest average gross ROI (73 percent), followed by the $50,000 to $100,000 price range (58 percent) and the $100,000 to $200,000 price range (58 percent).

Homes that were flipped in Q2 2016 were purchased by the flipper at a 25.7 percent discount below full "after repair" market value on average and sold by the flipper for a 9.2 percent premium above market value on average.

For more information, visit www.attomdata.com and www.RealtyTrac.com.

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