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INVESTMENT SECTION
*This is not intended to be a
solicitation for investors. It is meant to be strictly informational)
REAL ESTATE INVESTMENTS
For ages real estate has been one of the only conservatively risk free
investments in the American market place. It is one of the most expensive
possessions that the average individual or family will ever purchase. It
is also one of only a few products on the market today that banks and
mortgage companies are clamoring over to provide us money to purchase.
Our extensive
experience in negotiating for both purchase and resale of Residential can
help yield significant profits
The Wexler Group is devoted
to providing the best Investment Options in residential real estate.
Our lengthy experience with
residential real estate makes us the perfect choice for your real estate
needs.
If you are in the market to
buy a house, sell a house, rent a house, looking for investment options,
or if you already have property that you would like someone to manage, we
can help.
Real
estate is today as it has always been one of the greatest creators of
wealth.
Think
about your family, your friends, your co-workers; for most, their home is
their single greatest asset, their greatest amount of net worth. How much
do you think that person would be worth today if they owned 2 houses?, 5
houses?, 10 houses or more?
If you
are like most people you really don t want to look any further than that,
however the possibilities are truly endless. Now is your time to do
something; read a book, buy a course, buy a house, or invest with a
company, but do something, do it for yourself, do it for your family, but
do it .
Being
a real estate investor is a great thing, and there are many ways to invest
in Real Estate. (see Below)
If you
have the desire to become a real estate investor and have not been able to
locate the help you need contact us, we want to help. You can email us
Info@WexlerGroupllc.com
(480) 513.3417
BUY HOMES BELOW MARKET:
While a typical buyer may look at five
five to 10
homes before making an offer, an investor who make bargain buys usually go
through many more. Most experts agree it takes a lot of determination to
find a real "bargain." There are a number of ways to buy a bargain
property
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Buy a
fixer-upper in a transitional neighborhood, improve it and keep it or
resell at a higher price
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Buy a
foreclosure property (after doing your research carefully
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Buy a
house due to be torn down and move it to a new lot
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Buy a
partial interest in a piece of real estate, such as part of a
tenants-in-common partnership
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Buy a
leftover house in a new-home development.
Info@WexlerGroupllc.com
(480) 513.3417
FORECLOSURES
Wexler Group is
premier
provider of residential foreclosure data. Our extensive, property database
includes pre-foreclosure, auction, bank-owned and government owned
property.
We have helped many Real
Estate Investors, New-home Buyers, etc achieve their real estate dreams
by delivering the most current and accurate foreclosure data available
today.
By aggregating hard-to-find information in the
fragmented foreclosure market, we help helps investors and homebuyers find
below market buying opportunities in today's competitive housing market.
Types of Foreclosures
Judicial
foreclosure action is a proceeding in which a mortgagee, a trustee or
another lienholder on property requests a court-supervised sale of the
property to cover the unpaid balance of a delinquent debt.
Nonjudicial foreclosure is the process of selling real property under a
power of sale in a mortgage or deed of trust that is in default. In such a
foreclosure, however, the lender is unable to obtain a deficiency
judgment, which makes some title insurance companies reluctant to issue a
policy
Are foreclosures an option?
A
foreclosure property is a home that has been repossessed by the lender
because the owners failed to pay the mortgage. Thousands of homes end up
in foreclosure every year. Economic conditions affect the number of
foreclosures, too. Many people lose their homes due to job loss, credit
problems or unexpected expenses.
It is wise
to be cautious when considering a foreclosure. Many experts, in fact,
advise inexperienced buyers to hire an expert to take them through the
process. It is important to have the house thoroughly inspected and to be
sure that any liens, undisclosed mortgages or court judgments are cleared
or at least disclosed
Buying
Foreclosures: What are problems?
Buying
directly at a legal foreclosure sale is risky and dangerous. It is
strictly caveat emptor ("Let the buyer beware").
The
process has many disadvantages. There is no financing; you need cash and
lots of it. The title needs to be checked before the purchase or the buyer
could buy a seriously deficient title. The property's condition is not
well known and an interior inspection of the property may not be possible
before the sale.
Where can you Find Foreclosures?
In most
states, a foreclosure notice must be published in the legal notices
section of a local newspaper where the property is located or in the
nearest city. Also, foreclosure notices are usually posted on the property
itself and somewhere in the city where the sale is to take place
The Wexler Group is premier provider of
residential foreclosure data. Our extensive, property database includes
pre-foreclosure, auction, bank-owned and government owned property.
We have helped many Real Estate Investors, New-home
Buyers, etc achieve their real estate dreams by delivering the most
current and accurate foreclosure data.
The Wexler
Group can help you use the technique so many novices may not be
experienced in and can find themselves among stiff competition from
sophisticated investors.
Let us help you find the property that s right for
you.
Info@WexlerGroupllc.com
(480) 513.3417
PRE - FORECLOSURE
Our mission
is to empower homebuyers and investors with the information and tools
needed to purchase residential property for below market value.
We
understand that accurate, in-depth information is essential to making
informed real estate business decisions. As your partner, we are committed
to setting the standard for excellence in customer satisfaction and
product innovation for years to come.
Our
Service:
Foreclosure information has traditionally been very difficult and
time-consuming to find and utilize. As a result, Wexler Group has made a
goal of solving this problem and conveniently delivering accurate and
timely foreclosure information to our clients.
We combine
our expertise in data aggregation and processing with our thorough
understanding of the foreclosure marketplace to help our clients succeed.
The advantages to buying properties from homeowners in default can only be
measured by the individual investor. Some do not see enough reward, some
think it's too risky, while others are plagued by moral issues. Are you
helping the troubled homeowner or taking advantage of his misfortune?
Both the lender and the homeowner lose in a foreclosure action. Neither
want it to happen. Both parties are motivated to resolve the situation.
Motivated parties are key to the process.
The investing window of opportunity opens the day the Lis Pendens, the
notice that a legal action is pending, is filed. The window closes the day
the property is sold at auction. The time between these two events enables
an investor to work with the homeowner and lender to create a workout
strategy or a purchase of the property from the homeowner before the sale
date.
The amount of time the window remains open depends solely on state and
local laws, as well as the behavior of the property owner. Some states
sell properties within 90-120 days from the first notice of default. In
New York, the process can take a year or more.
As for the moral question, keep in mind that by dealing with a homeowner
in default, you not only help him, you generally rescue the loan and
maintain the value of the property (and surrounding properties) as well.
If there is enough equity in the property, there is the potential to work
out an arrangement that satisfies all parties and allows for a handsome
profit. That's what pre-foreclosure investing is all about: buying the
equity in the property, working out an arrangement with the lender and the
homeowner, then selling the property for a profit.
Investors follow these basic guidelines to ensure a successful purchase
and sale:
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Locate loans in default
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Evaluate choices and narrow
selections
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Contact homeowner
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Inspect property and loan
documents
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Determine homeowner's needs
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Calculate your selling price and
profits
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Negotiate with lender, owner and
lien holders
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Close the deal,
repair as necessary and sell
Do read as much information as possible before
jumping in to the marker. Call the experts at the Wexler Group today!
Info@WexlerGroupllc.com
(480) 513.3417
FIX N -FLIPS:
It's called "flipping," where people buy property,
wait a few months for it to go up in value and then "flip it," or sell it
for an instant profit sometimes a huge instant profit.
There's no question that this has the potential to
make large gains. For the right investor, this can be a very good way to
supplement [income], and even at some point, if it works well for someone,
could even be a full-time job."
Risks Are Real
But as more Donald Trump wannabes shift their assets
from a frustrating stock market to a soaring real estate market, some
experts caution that flipping property for a profit isn't quite as easy as
it looks.
But with some careful planning and research, there
is still money to be made, "What you try to do is find out about the
property before the general public does,"
Tips to Start Flipping
some tips on how to flip real estate the right way
and pitfalls to watch out for.
Educate yourself. Know the neighborhood you
want to buy into. Tour the area with a realtor, and find out what
comparable homes are worth, what types of homes are selling well, what
property taxes are in the area and so on.
Create a business plan. Just because so many
people are exploring real estate flipping doesn't mean you can jump in
unprepared.
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What are your goals?
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How quickly do you want to turn around the
property?
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Does the house need some work to make it
more valuable?
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How much profit do you realistically hope
to make?
Put together a business team. Consult the
experts. The people on your team should include a home inspector,
contractor, realtor, tax accountant and attorney to advise you.
Prepare for the worst. Be prepared to deal with
problems. What if the house needs a new foundation or interest rates
suddenly shoot up? What if the house doesn't sell or goes into
foreclosure? If you can't handle the financial risks, don't do it.
Think long term. Traditionally, real estate performs
very well. Crowley says in the worst-case scenario, you can live in the
home or rent it out. It may not be profitable in the short term, but she
says real estate is almost always a good investment in the long run.
For expert advice and free consultation:
Info@WexlerGroupllc.com
(480) 513.3417
LAND:
Wexler Group can help Landowners and Land
Investors make informed decisions
The process is straightforward:
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We first consult with each client to
determine his or her concerns and objectives.
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We work with families and institutions
where goals may be conflicting or unclear.
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We help sort through these issues.
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Our land planners, appraisers, and other
professionals will identify and maximize the value of your unique
property by defining its potential through creative planning and design
techniques, tied to market realities.
How to Buy Lots & Land
Wexler Group can help you find and buy
the perfect residential lot or land.
Here's How:
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Before you buy, find out if
city or community water and sewer connections are available on the lot
or land.
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If sewer hookups are not
available, make your offer to buy land contingent on the ability to
install a septic system rated for the number of bedrooms you require.
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Find out if other
contingencies are advisable for land purchases. For instance, in some
areas water rights do not convey with land--and that means you could not
dig a well.
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Make sure electricity and
phone service are available at the property. Check cable service if that
is a priority.
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If the land you wish to buy is
not accessible by a public road, verify that a road maintenance
agreement is in place. This document states that everyone on the road
agrees to help with its upkeep.
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There should be a deeded
right-of-way in place for land not accessible by a public road. The deed
should give you and future owners the legal right to access the land.
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Check the property's deed
restrictions to make sure the type of residence you plan to build is
allowed. For instance, some areas do not allow manufactured housing.
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If the lot is in a
development, ask for a copy of the restrictive covenants. That's where
you'll find restrictions for minimum house size, whether other
structures are allowed, and other limitations.
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Ask the city or county if
zoning changes are anticipated for the area, or if there's a plan to
build new roads or widen existing roads.
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If there are environmental
hazards on the land, such as old buried oil or gas tanks, decide if you
are willing to remove them, or if you will ask the seller to take care
of removal and cleanup.
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Decide if you want a new
boundary survey. Surveys are standard in some areas, but rarely required
in others. They're nearly always a good idea.
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If you plan to build a home
soon talk to lenders about construction loans.
Tips:
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Don't be turned off by the
terms 'development,' and 'subdivision.' If you're from a city, you might
associate both words with small lots and side-by-side homes. In rural
areas, a subdivision lot might be 10+ acres in size.
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Restrictive covenants help
protect home values by requiring structures to conform to specific
standards. Read them carefully so you know exactly what is and is not
allowed.
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Study the deed to discover if
other persons or tracts of land have been granted easements to use your
land in any way
Buying land can seem intimidating, but it really isn't difficult at all
when you analyze your needs and determine which types of land are most
suitable for the home you plan to build.
Talk with a mortgage broker or
bank loan officer to find out how much you can afford. If you plan to
build right away, the loan officer should explain construction loans,
including the closing procedures you'll encounter while the house is being
built.
Finding the Perfect Land for Your
New Home Today !Info@WexlerGroupllc.com
(480) 513.3417
RENTALS:
How to
Buy a House That's Easy-To-Rent
The Wexler
Group has access to thousands of properties that are considered easy-to
rent, are currently rented or even with Lease Options. See below) If you
plan to become a landlord, do your homework before you buy to find out
what type of dwellings are in most demand in your area.
Here's How:
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Talk to rental agents. An
agent who handles a large number of rentals can tell you what type of
full-time or vacation home renters are looking for.
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Read newspaper classifieds to
determine which types of properties seem to be most popular, and how
much they are renting for during all seasons the home will be available.
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If the area attracts lots of
senior citizens, one-level living may be the best choice, or at least a
house with main living quarters on the first floor. Avoid homes where
renters must climb a flight of stairs to reach the entrance.
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Read real estate magazines for
terms highlighted by REALTORS , such as 'view,' 'golfing,' and 'stream.'
If agents continually mention an item, it's likely in demand. Try to
find a property with one or more of those features.
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Look for a property within a
reasonable distance of shopping and area attractions.
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Find a well maintained home,
or plan to do an immediate fix-up. A shabby appearance won't attract
renters, but will decrease rental fees.
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Before buying a home in a
development, make sure the restrictive covenants allow rentals.
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Get a quote for homeowner's
insurance, telling the agent you plan to rent the home. Ask if the agent
has any special recommendations for landlords.
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Talk with an accountant to
verify that the income you can realistically expect to receive is
appropriate for the home's purchase price and projected maintenance
fees.
Lease-Option:
Are you having difficulty selling your
home or other real estate?
Would you like to buy a home or an
investment property but you don't have enough cash for a down payment?
If you answered "yes" to either question,
a lease with option to purchase can solve your problem. But it's important
to understand the pros and cons of lease-options to maximize your
benefits.
What is a Lease-Option?
A lease-option is a combination real estate rental, sales and finance
technique. It is a property lease for a fixed time period, such as 12 or
24 months, with an option for the tenant to buy the property at an agreed
option price during the lease term.
Buyers like lease-options because little
up-front cash is required. Sellers also like lease-options because they
provide necessary cash flow to pay the mortgage and property taxes from a
tenant who has a vested interest in treating the property well and who is
likely to buy it.
What is a Lease-Purchase?
A lease-purchase is different from a lease-option because it obligates
the tenant to purchase the property at the end of the lease. With a
lease-option the tenant has the right, but not the obligation, to purchase
the property.
With both, however, the tenant usually
pays an above-market rent and receives a monthly rent credit toward the
down payment. Of course, both a lease-option and a lease-purchase obligate
the seller to sell the property on the agreed terms.
The Biggest Lease-Option Obstacle
The biggest obstacle to a lease-option transaction is often the realty
agent. The reason is the agent receives only part of their commission
up-front at the time of entering into the lease-option.
The commission balance is paid when the
option is exercised. Many agents who can't afford to wait for part of
their commission don't realize a lease-option is better than no sale at
all.
Advantages For Sellers
Unless your property is located where there is very strong demand from
buyers, lease-options can be especially advantageous for home sellers.
Primary property seller advantages are:
Strong Demand From Prospective Buyers
No matter how slow the local real estate market might be, there is
almost always a strong demand from lease-option buyers. Many prospective
home buyers can usually afford the monthly payments but they have often
have insufficient cash for a down payment. The lease-option solves this
problem by giving the tenant-buyer a rent credit toward the down payment.
It's like a "forced savings account." In addition, the tenant-buyer
usually pays up-front nonrefundable consideration for the option,
typically several thousand dollars.
Top Dollar Option Price
Because of strong buyer demand for lease-options, when done correctly,
home sellers can demand and get top dollar for their properties. Usually,
the option price is set at the market value when signing the lease-option.
If the home's market value goes up during the lease-option term, the buyer
benefits. Should the property drop in value, then the tenant usually
doesn't complete the purchase.
Top Quality Tenants
During the lease-option, the tenant-buyer usually take good care of
the property as if they own it.
Above-Market Rent
Another seller advantage is earning above-market rent. Landlords can
charge tenants 10 to 20 percent above market rent.
Seller Keeps the Tax Deductions
During the lease-option period, the seller retains all the property
income tax deductions. If a tenant complains about not receiving any tax
benefits, a reminder about the rent credit toward the down payment usually
ends the discussion.
Advantages For Buyers
Lease-option benefits are not one-sided. Advantages for buyers
include:
Small Amount of Up-Front Cash Required
The amount of up-front cash required to acquire a home or other
property on a lease-option is usually small, often just a few thousand
dollars for the first month's rent plus non-refundable option
consideration. This option money is in lieu of a security deposit.
Monthly Rent Credit Builds a Down
Payment
The unique characteristic of a lease-option is the rent credit toward
the buyer's down payment. Typically, the rent credit is 10 to 100 percent
of the monthly rent, depending on how motivated the seller is to sell. The
higher the rent credit percentage, the greater the probability the tenant
will buy.
Try Out the Property Before Buying
Another special lease-option benefit for the tenant is the ability to
try out the property before buying. If it is undesirable, the tenant
hasn't tied up a large amount of cash in a home that might be difficult to
resell.
Control Property With Very Little Cash
The ability to control a property and profit from its market value
appreciation with very little cash is called leverage. Lease-option buyers
have this unique advantage.
Longer Terms Mean Greater
Profitability
Although most residence lease-options are for short terms, such as one
or two years, smart investors seek lease-options with the longest possible
term. They reason the property is likely to appreciate in market value
over the long term
1031 Exchange:
Performing a 1031 tax
deferred exchange allows you to defer Capital Gains taxes on real estate
bought and sold for investment purposes.
At closing, proceeds are
transferred to a third party--called a facilitator or qualified
intermediary--who holds them until they are used acquire the new property.
**Talk to a C.P.A. or
your tax advisor to Learn how the process works and get the information
you need to do a successful 1031 exchange
A 1031 exchange is
often referred to as a Starker exchange.
Exchanges Allow
You to Delay Capital Gains Taxes
Capital gains taxes are deferred if all of the exchange funds are used to
purchase like-kind investment property.
The deferment is like
getting an interest-free loan on the tax dollars you would have owed for a
cash sale. More equity is retained, and that helps you move into
properties of higher value each time you perform a 1031 exchange.
What's Eligible?
A 1031 exchange is possible when you sell real estate held for investment
purposes. It cannot be used for the sale of your personal residence.
Like Kind
Properties
Exchanged properties must be like kind. For a real estate exchange this
means real-property for real-property, but not necessarily land for land
or a rental house for another rental house. Take a look at the IRS rules
for specific information about what types of properties qualify as like
kind.
You can exchange a
single property for multiple properties, or purchase one property from the
proceeds of several. Proceeds not used to purchase new investment property
are taxed as a cash sale.
"In a like-kind
exchange, both the property you give up and the property you receive must
be held by you for investment or for productive use in your trade or
business." IRS
**Talk to a C.P.A. or your tax advisor to
learn how the process works and get the information you need to do a
successful 1031 exchange
Property Management
The Wexler Group takes great
care in every aspect of the communities we work and the residents we
serve. It's a responsibility that is at the core of who we are as a
company.
We offer our clients a
comprehensive range of services and provide the relationships with experts
in property management. If you are a residential property owner, a
multi-family apartment landlord or a builder who seeks a level of service
unparalleled property management, the Wexler Group can help.
We offers access to an
unparalleled scope of services to individual master planned communities,
high-rise residences, subdivisions, condominiums and multi-family rental
units. Call Today. 480.513.3417.
Info@WexlerGroupLlc.com
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