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Ever Thought About Real Estate Investing?

by David Tyler Mills

With the economy still fighting to recover, investors are struggling to find profitable opportunities for their money.  Even in the midst of foreclosures, would you believe that investing into real estate is a valuable option?  That’s ok.  Roll your eyes, but let’s take a moment to consider the facts. 

Foreclosures are prominent.  People are simply not making enough money to pay for their homes.  They are being forced to move.  Immediately buying a new home is out of the question.  Moving out of town comes with high costs, both financially and emotionally, especially if the owner has a job and a family. 

The only financially viable option for most victims of foreclosure is renting.  As an investor, an important factor comes into mind.  What counties have the most foreclosed homes?  According to www.RealtyTrac.com, Benton County contains the most foreclosed homes in Arkansas with Washington County coming in at third.  McNaughton Real Estate’s website, www.allNWAhomes.com, has accounted for over 1,000 foreclosed homes in Washington, Benton, and Madison County.

The availability of foreclosures are evident, but what about the demand?  Having multiple, massive corporations such as Tyson, JB Hunt, and Wal-Mart stationed in Northwest Arkansas creates a significant inflow of rentals.  In addition, Arkansas’s flagship university, the University of Arkansas, in Fayetteville continues to pull renters throughout the world with this year being a record-breaking enrollment count for the university.

If the demand isn’t enough incentive to invest, then consider the quick return a rental property can provide.  With historically low interest rates, hovering around 4%, and low prices, NOW is the time to buy.  The increase in demand has also provided a healthy increase in rental prices. 

Inevitably, real estate investors gain a sense of pride in owning something tangible like land and/or a house compared to owning a small sliver of a corporation that stocks give.  These investors also have greater control in managing the value of their assets with the option to enhance, add-on, and renovate their property.  In addition, many real estate investors feel compassionate about offering an affordable home for families in need of shelter during this economic dip.

For everything that has a pro, there is always a con.  Many investors find it difficult to make time to search for quality tenants, have access to a network of contractors for maintenance, and be available for major and minor emergencies.  Fortunately, McNaughton Real Estate can alleviate the stress with their expertise in property management.  With McNaughton Real Estate you can expect:

  • A Property Management Team with 25+ years of experience whose primary focus is to protect your investment.
  • A vast network of local contractors, which can help you find the most cost-effective bid.
  • A quality tenant due to helpful insights with our credit and background checks.
  • Inspections to ensure security in your investment.
  • A 24/7 maintenance request line.
  • Abundant leads with our strong presence on the Internet and with our 35 years worth of referrals. 

We want to help maintain your focus on building your portfolio.  Allow us to protect what is yours and to advise you on any new opportunities that hit the market.  A professional Certified Investor Agent Specialist will be here to help you every step of the way.  

Bank Foreclosures

by Don McNaughton

We just launched a new website  www.nwabankforeclosures.com.  We know that the market is tough but homes are selling and the ones that sell first are the best priced homes in the best condition. Of course that's really nothing new.  The free market of the u.s. has always been a supply and demand thing.  So the best value homes have always sold first.  If you would like to receive email updates on homes that are Bank Owned visit our Bank Foreclosure website and let us know.  We will keep you updated as we see them come on the market.

Stop Foreclosure

by Don E. McNaughton

Bail Out! Bail Out! Bail Out! 

 

That is all we hear in the news today. Someone, Everyone is wanting or hoping to get bailed out of there troubles.  When the dust settles at the end of the day the average homeowner didn't get a dime to help them with there troubles. Many homeowners find themselves in a no win situation. They cant make there mortgage payments and they cant sell the home because its not worth what they paid for it. But WAIT!  There is a Bail Out for homeowners in this situation!  We are selling houses all the time that are worth less than what is owed!  Really!  We are!  Its called a Short Sale. This is where the bank accepts an offer for less than what is actually owed!  Wow!  How do we get that done?

Its our designation CDPE  (Certified Distress Property Expert)  We have knowledge, skills and tools to get your offer accepted!  With out knowing what a bank expects to see this process is virtually impossible.  So for all of you wondering how you were going to get help from a Bail out its me!  I'm a CDPE!  There should be something on the news about that!  If you or someone you know is in this situation please have them contact me don@mcnaughtonrealtors.com.  I can help there is hope!

10 Reasons to Avoid Foreclosure

by Terri Lynne McNaughton Team

1. The client will always have to disclose that they have had a foreclosure on any mortgage application and many job applications they submit in the future and this can have an adverse affect on your future mortgage rates. This is the only credit item that is asked specifically and does not rely on what is on an individuals' credit report.

2. Credit scores will be lowered by 300+ points and a foreclosure is the most devastating credit issue you can have in relation to future credit availability.

3. A foreclosure is the one credit report item that is almost impossible to have repaired.

4. Your lender can seek a deficiency judgment against you and collect for any amount they do not recuperate at bank sale.

5. Many employers run credit checks on prospective employees and foreclosure is one of the top  items that will put a potential new hire in jeopardy.

6. Many current employers run credit checks and a foreclosure can put a current position in jeopardy

7. Security clearances and government positions including but not limited to military and law enforcement can be jeopardized by a foreclosure.

8. The client may be responsible for any deficiencies after foreclosure for an intermediate. Period of time depending on the state you live in; this can land a homeowner in never ending collections.

9. "As your CDPE agent I will explore every option with you and work toward a resolution

10 "While it may not seem like it now there will come a time where your current financial troubles will pass. You will feel much better knowing that you did everything you could to avoid this devastating financial consequence so many people face today?

Displaying blog entries 1-4 of 4

Contact Information

Photo of Don McNaughton Real Estate
Don McNaughton
McNaughton Real Estate
4299 W. Persimmon
Fayetteville AR 72704
479-442-9099
Fax: 479-442-0948
       

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