Expats, Boomers and Investors Flock to One Southern Costa Rica Real Estate Development, Says Pacific Lots
December 24, 2008
Recent bookings are bringing record numbers to one development in Costa Rica even as the rest of the world’s economy is at a standstill. People looking for less expensive retirement options as well as investors looking for a safe haven for their money seem to prefer one southern Pacific development. The word is out and the not so rich and not so famous continue to come in record numbers.
Ojochal, Costa Rica (PRWEB) December 22, 2008 — Recent bookings are bringing record numbers to one development in Costa Rica even as the rest of the world’s economy is at a standstill. People looking for less expensive retirement options as well as investors looking for a safe haven for their money seem to prefer one southern Pacific development. The word is out and the not so rich and not so famous continue to come in record numbers.
“We have seen a tremendous increase in interest in this development over this past year!” explained Steve Linder, “Being one of the oldest and largest residential developments in the whole country has been a driving force in sales for this company. While most other developers are complaining about slow sales, we have seen record numbers of people coming to tour the properties. Our 3-day 2-night visit has been extremely popular in the last few months.” The development is marketed by Pacific Lots of Costa Rica. www.PacificLots.com.
Some guests arrive via a 25-minute commuter flight from San Jose while others drive the 4-hour drive down the Pacific Coast. The near completion of the new section of highway between the Quepos/Manuel Antonio area and Dominical will soon substantially cut the drive time and has turned new attention to the southern Pacific coast of Costa Rica. The announcement last year of plans by the government to build a new international airport in the southern Pacific region of the country will improve accessibility. Once completed, this area will have direct jet service from many international gateways, including many in North America. The new highway will also shorten the trip. Residents don’t complain however since most think the distance has kept the crowds away and prices low.
The airport progress and the near completion of the new highway has already resulted in significant new investment in hotels, restaurants and other tourist related industries. Now the word has gotten out that the southern Pacific region of the country is one of the most beautiful as well as the most bio-diverse part of Costa Rica. Some of the best restaurants in the country can be found there.
Costa Rica continues to attract expats in record numbers. Excellent affordable health care, the close proximity to the US, safe & stable democracy, ideal year round climate, lack of hurricanes, the right for foreigners to own property and the much lower cost of living are just a few of the reasons why.
Lush rain forests, numerous waterfalls, towering mountains, miles of pristine beaches and the much more restrictive zoning laws in the southern Pacific region have proven to have great appeal to savvy expats. This region’s zoning laws limit structures to no more than 3 stories. This has kept away the high rise condos & large hotels that have blighted other coastal regions of Costa Rica. The southern Pacific coastal region, much like the California coast, is almost entirely single-family residential housing.
With nearly 14,000 acres of land, the developer owns more land than nearly any other private group. With 20 years of experience developing home sites and building custom homes in Costa Rica, they are a clear leader in a space full of new comers. Sheer size and number of clients is really working. Word of mouth is a powerful tool that is now the driving force in sales for the developer. With vast land holdings, most purchased years ago at historically low prices, they can under sell nearly all competitors.
But expats will tell you they don’t just come here for the low cost of ocean and mountain view home sites. They come for the amazing construction capabilities. “We currently have over 100 custom homes in process for 2009 and believe we have built more custom homes to date than any other builder in the country” says Steve. Home Sites start at $60,000 and there are no time limits on building. In fact our clients can even build their own home if they want. We don’t have HOA fees ownership is deeded and fee simple. You own it.
The area has sprung up with world class restaurants, bars, well stocked grocery stores, shopping opportunities and boutique hotels as well as ample things to do.
Pacific Lots books three tours per week into the 8-room guest house operated by the developer. Tours include upscale lodging, all meals, adult beverages, ground transportation and knowledgeable guides. “We don’t need a sales pitch. With our first 8 phases sold out, our biggest problem is not having enough to offer every customer.”
Pacific Lots also offers 10 day country tours through Costa Rica. At $1500 per couple, these tours are a sell out. Tours include all lodging, transportation in luxury SUV’s, guides and even include about a third of all meals. Participants receive a $1500 credit off the purchase price of property in the development. For more information about visiting Pacific Lots, see www.PacificLots.com/Visit.html. See www.PacificLots.com or contact them at Info at PacificLots dot com.
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Cash is King in Las Vegas Real Estate
November 14, 2008
Las Vegas, Nevada (November 13 2008) — Over the last 5 years I have sold a lot of real estate in many different markets nationwide. In 2003 droves of investors came into the Las Vegas market and purchased single family homes and condos. In 2004 the scene repeated itself in the Phoenix market. In 2005 markets like Albuquerque and Austin had a large amount of investors snatch up new construction homes. In 2006 the Carolinas became hot and east coast investors invested very heavily in many markets in Florida.
All the while I was out buying and selling in many of these markets myself I was sitting on the sidelines in the Las Vegas market because home prices were too high and just did not make good investor cash flow sense. That all began to change in the summer of 2008 as prices began falling faster that normal and the point of cash flow was once again reached. This point of cash flow I speak of is a simple equation in which the amount of money an investor can get from renting a home exceeds his/her costs of ownership. These costs of ownership would include the mortgage, taxes, insurance, repairs, and property management. With a 20% down payment positive cash flow can now be achieved in this market for the first time in several years. Las Vegas has lead the nation in foreclosures for well over a year now and the amount of foreclosures coming on the market are near triple the amount from just a year ago. Nearly 1 home in out of every 70 is in some stage of foreclosure here in the Las Vegas market. The median home price in Las Vegas has come down near $10,000 a month over the last year from a high of near $300,000 to a new median price of only $189,000.
As a full time investor and also a licensed realtor I spend my time looking for the best deals for myself and my investors here in this market. Local newspaper articles and analysts talk about 30% declines in values. The reality is that we are seeing prices that are being discounted 50-70% off of where they were just 2 years ago. Many of my deals over the last month or two are coming in at well below 50% of older higher values from 2006. I just sold a one bedroom condo at $53,000 that was $148,000 two years ago. This is near 35 cents on the dollar folks. New 2 year old three bedroom homes that were as high as $300,000 just 2 years ago are now priced under $120,000.
This opens the doors for virtually anybody to step back into the Las Vegas market and begin buying once again. Because of the governments Housing Recovery Foreclosure Bill 1st time buyers have a $7500 tax credit to take advantage of; baby boomers and retirees looking to relocate to a warmer weather destination do not have to head south of the border as the Southwest has become affordable once again. The vacation capital of the world now makes sense again for second home and vacation home buyers and of course investors are delighted to be able to cash flow on their investments again. Of course all of these groups will benefit greatly as the possibility for appreciation is guaranteed over prices from 2 years ago. Let’s face it, anyone that purchased in 2006 or 2007 bought at the height of the market and have seen their equity evaporate almost overnight.
We all know that lending has tightened up over the last year. But prices are ½ of where they were also. If you have a good job and good credit it is a great time to be buying a home. Interest rates are at historic lows so I soundly suggest you put a 30 year fully amortized note in place to lock in historic low interest rates as they literally have only one place to go and that is up. Earlier this week I was chatting with one of my title company officers and she informed me that 85% of her closings are being financed thru a lender. I offered her the suggestion that she get more cash buyers as only 2 of my 11 deals in the last month have been financed and the other 9 deals or 82% of my deals have all been cash deals. The old phrase “Cash is King” is never more relevant than right now in this market. Not only am I getting more deals accepted, but I am getting them at a lower than list price amount in most cases and getting them pushed thru rapidly. My buyers are very happy because they are getting a great deal at a great low price, closing quickly, getting a great cash flow play and getting tremendous upside appreciation potential too. I just had a lender counter me over the weekend stating they will accept our lower than list price offer but they want to close in 10 days with our cash offer. They had two other offers on the table but banks do not want to fool around with financing either. They want to take the sure sale of cash even if it is at a huge discount.
So folks if you were able to save up some money, not spend it all over the lasts couple of years during the great real estate boom or you still have a line of credit open I suggest you come on back into the Las Vegas market and start looking around for some real bargains. The banks are ready to deal and the timing to buy a great foreclosure is as good as it gets.
Glenn Plantone
Director
Las Vegas, NV
Phone : 702-405-6480
Fax : 888-344-8810
Top Ten Barack Obama Solutions to the Real Estate Crisis … In Ten Words or Less - Brought to you by Real-Estate-Investing.com
November 9, 2008
America has a new President. He has the daunting task of solving the Real Estate and Financial Crisis that America is facing. The campaign trail has promised us our voices will be heard. Real-Estate-Investing.com is sponsoring a contest awarding $1,000 to the best “Ten Word Solution” to the Real Estate Market. The winner’s suggestion along with our Top Ten list will be forwarded to the White House
Seattle, WA (PRWEB) November 7, 2008 — America has a new President. As a nation, let’s hope he’s better with money than the last White House tenant. Here’s a quick look at how the Bush gang is spending the $700 billion bailout package for banks — throwing it at financial institutions with few strings attached.
As a result, many Wall Street institutions are using billions and billions of taxpayer dollars to pay for fat cats’ bonuses.
- Goldman Sachs, which is getting $10 billion from the bailout plan, is paying out $6.85 billion in bonuses, according to media reports. That’s $210,000 per employee for those of you going for the calculator. And … that’s despite a 47% drop in its profit and 53% drop in its share price.
- Morgan Stanley, which is also getting $10 billion from our government, is doling out $6.44 billion in bonuses or $138,700 per employee, even though its profits tumbled 41% and its shares are off by 69%.
- And even the failures at Lehman Brothers are collectively getting over $1 billion in bonuses.
With brand new President Barack Obama at the helm, there are many decisions to be made regarding the economy.
As a reflection of our new fully Democratic society, Real-Estate-Investing.com wants to hear what people have to say. They are backing a contest presenting $1,000 to the winner who submits the best “10 Word Solution” to the property crisis. The “Top Ten” list of suggestions will be submitted to the White House for consideration.
This is a list of the “Top Ten Presidential Solutions to the Real Estate Crisis”…in “Ten words or less”. Submit your suggestions to the link below and you just might find yourself $1,000 richer a few weeks from now. In addition, it’s just possible that Barack Obama himself may take a look at our list when submitted. Stranger things have happened.
Top ten presidential solutions to the real estate crisis … in ten words or less.
1. Repeal property taxes back to 2002.
2. Allow refinances to 80% of current market value.
3. Forgive all home equity lines above market value.
4. No property tax on new purchases for two years.
5. Wipe out stated income loans. (loans you lie about).
6. Back loans to previously proven investors to stimulate the market.
7. Back leases for those willing to work, reducing welfare housing.
8. Mandate short sale decisions be made in under 30 days.
9. Allow people to delay foreclosure by making principal payments.
10. Add your suggestions to our Forum. $1,000 Awarded to the best suggestion.
Let your voice be heard. Submit your suggestions at the following link:
http://www.real-estate-investing.com/forum
About Real-Estate-Investing.com
Real-Estate-Investing.com is the content oriented Social Network and all around resource for Real Estate Investors. 100’s of How-to Videos, 1,000’s of Articles, a Highly Active Forum, Investor Social Networking and Fun.
http://www.real-estate-investing.com
The website can be found at http://real-estate-investing.com where members receive a $15,000 Real Estate Investing system when they register for the site for free.
Real-Estate-Investing.com
93 S. Jackson Street, Suite 47056
Seattle, WA 98104
(866) 735-2747
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Real Estate Investing Gets Much-Needed Shot in the Arm — Only a Few Seats Remain to this Powerhouse Online Event
October 2, 2008
On October 1st, 2008, the virtual doors were unbolted, and the countdown has begun to inoculate investors of real estate against the “sky is falling” reports about real estate. Slated for October 8th-Nov. 19th, 2008 at 9PM EST, seven powerhouses in the real estate investing industry will do a complete brain dump and reveal every tool, technique and strategy they’ve ever used to exponentially grow their real estate investing businesses. For real estate investors seeking to shift their real estate investing business into high-gear, they can register for this online event at http://www.REPowerPlayers.com.
Philadelphia, PA (PRWEB) October 2, 2008 — Getting started in real estate investing business the real estate investing business can be a frightening experience under the best of conditions. For those who do not have the proper knowledge or any business experience, it can be very intimidating. But in this day and time when the news media is full of “the sky is falling” reports about real estate, it can be more frightening than ever. It’s no wonder that previous investors are leaving the industry in droves.
While the past five years of superheated price gains may have rescued America from stock market collapse and ignited a building boom that bolstered the nation’s economy, that surge appears to be over. The three-fold threat of soaring prices, higher mortgage rates and rising property taxes has increased the cost of ownership and put many homes out of reach for a huge number of potential buyers.
While that may be the kind of news most investors are listening to, it need not affect the wholesale investor’s business. Real estate investor Iman Yusef-Yahya states, “Rather than giving in to fear, it is better to simply apply wisdom and good business sense to real estate investing business decisions.” But exactly how is that done?
An incredible new learning opportunity has just been announced by Yusef-Yahya, which is destined to open new doors of opportunity for both the newbie and the veteran investor.
The RE Power Players Advanced Training Series is scheduled to launch October 8, 2008. This advanced training series includes detailed instruction from knowledgeable and reputable investor experts such as Alan Cowgill and Lance Edwards, among others. When you add it all up, you’ve got seven of the world’s most successful real estate investors doing everything in their power to give you cutting-edge information.
Alan is a full-time real estate investor who has literally made a fortune through the use of private lenders. By doing this, he has created his own bank of $2,000,000.00 in funds. Among other things, Alan will share how to use private lending for rehabs, short sales, work for equity, wholesales, and “subject-to” residential deals.
Lance has quietly been doing what others don’t — starting with multi-family, and doing it all with no cash of his own. He will be exposing the mental barriers that are holding hordes of investor’s back from entering this extremely profitable niche.He doesn’t like to divulge this because the more prevalent these false beliefs are, the less competition he has. But he is opening up here because he’s looking to generate apartment deal flow for himself by helping others.
But this is only a tip of the iceberg when you eaves-drop on these investing superstars. Listeners who sneak past these virtual doors have a chance to own the recordings to this series.When you own this seven-set cd series, it will be like locking your self in a room alone with these seven experts for over 10 hours while they help you build your business. Think of how this caliber of teaching can supercharge your creative ideas. Yusef-Yahya states that there is also a bonus being offered which will increase the value of this package even more.
For those investors who have been running in fear due to all the bad news, help is on the way. With the RE Power Players Advanced Training Series Set, you’ll get hours and hours of actionable content you can listen to over and over again, take notes on, and implement for your own business.
Iman Yusef-Yahya is well known for finding some of the very best below-market deals in the country. And now by putting together this information-packed product, she is offering to assist you in turning your real estate business around.
For more information on the launch, go to: http://www.REPowerPlayers.com.
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California Real Estate Investment Firm’s Strategy for Housing Crisis
September 13, 2008
Barrington Malcolm, CEO of California real estate investment firm Dynasty Dynamics, Inc., has a strategy for this declining housing market.
Los Angeles, CA (PRWEB) September 13, 2008 — California home prices continue to fall at a record pace through the third quarter of 2008, according to a recent report issued by Standard & Poor’s. Barrington Malcolm, CEO of Dynasty Dynamics, Inc., confirms that Los Angeles and Orange County home prices were down for the second quarter by an estimated 25%, with not much relief in sight. This drop in home prices for L.A. is on record as one of the worst for a top 10 U.S. housing market.
The resulting dip in home values has bankers across the country seeking innovative ways to unload a surplus of foreclosed properties. And L.A. is not alone in feeling the dip in home prices. Recently Las Vegas posted the sharpest year-to-year decline, with June prices down 29% from a year earlier.
With similar news being heard all across the U.S. it’s no wonder that many Americans believe we are in a recession, that is, with exception to one prominent California real estate investor.
Barrington Malcolm, of Los Angeles, runs Dynasty Dynamics Inc., a multimillion dollar privately held real estate investment firm. Though this boutique firm has kept a low profile in the public eye, it has been a major player in the high-stakes California real estate market for more than 20 years.
Considered by many to be a “re-developer,” Dynasty buys properties in bulk in some of California’s most desirable areas. Dynasty’s “bulk-buy” strategies are being hailed by many community and civic leaders in California.
Barrington sees the current real estate decline as a cleansing. “I’m buying major properties at 30-40% below market and selling them 80-90% at market in great locations,” says Malcolm. “You see recession, I see opportunity,” says the real estate mogul also known as “The Barrington.”
Many perspectives exists on how long current housing market conditions will continue and whether the run-up in housing prices constitutes a bubble, “I think the market will continue to cleanse itself into 2011, and will level off at some point and start to slowly increase thereafter,” said Malcolm. “I advise everyone to buy at these discounted prices. This is the best time to buy real estate.”
More recently Dynasty embarked on a deal with an undisclosed California bank to acquire 15 of the bank’s non-performing assets for an estimated $24 million dollars. Dynasty owns a diverse portfolio of homes, condos, apartment complexes, and commercial buildings, stretching from Los Angeles to the San Fernando Valley. Dynasty has interests in California, Nevada, Texas, and Arizona.
For more information contact: Carmen Jordan, Public Relations (412) 926-6156 or visit www.dynastydynamicsinc.com.
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Zillow Article Means Positive News For Investors Buying Memphis, Tennessee Real Estate
September 6, 2008
An article produced by Zillow recently said 40% of Memphis homes were selling at a loss. Though this data was disputed by some, others say the article could shed some light on the buying opportunity that exists in the city.
(Vocus/PRWEB ) September 5, 2008 — When Zillow’s August 8th article came out showing that nearly 40% of Memphis homes were selling at a loss, some local Memphis real estate agents said the accuracy of the data was in question. Memphis real estate has not been immune to the recent declines from the national housing crisis, although the city has been hit less hard than some. Much of this is because Memphis real estate did not benefit from a big run up in prices like many coastal markets throughout the US.
Although the article has received its share of negative feedback in the press, some local Memphis real estate investors believe the article could offer a glimpse of the opportunity that is available for buyers. “We are seeing a spike in buying activity of Memphis investment properties,” says Ryan Hinricher, of The Feol-Hinricher Companies. “We’ve actually had people say they saw the article and thought Memphis real estate deserved a closer look.” The Feol-Hinricher Companies offers discounted Memphis real estate to investor buyers from 23 states and multiple countries.
Zillow, a real estate search portal is viewed as an authority site and features data on over 80,000,000 homes. The site currently is in the top 1500 busiest websites on the internet. Because of the significant amount of data that they aggregate, people, especially in areas like the West Coast, are using it as a serious search tool.
“Though Zillow is relatively new (2005), it has become online real estate leader in many respects. Because of this people are taking it seriously,” says Robert Feol, of The Feol-Hinricher Companies. “We have to look at the data and see how we can make the most of it. If it says Memphis Real Estate is cheap, we can spread the good word about the opportunities here in Memphis, and the rest of Tennessee,” he added. Feol and Hinricher know a few things about real estate marketing online. Their site, FHCompanies.com is the busiest website devoted to investing in Memphis real estate. The site receives thousands of visitors each month looking to buy Memphis real estate for investment purposes. Many of their investor buyers are from coastal markets and start their search for investment property on the internet.
Investors, particularly in the residential spectrum, are turning to cities like Memphis. These 2nd tier cities are traditionally labeled as safe havens due to stable property prices. The ultimate impact of the Zillow article remains to be seen but in the meantime it has created interest in cities like Memphis, at least from a real estate investing point of view.
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How to Benefit from a Real Estate Investing Book
August 2, 2008
What information can you get from a good real estate investing book? There are a number of online sites, which can impart you knowledge and tips on how to start make your real estate investments properly.
August 2, 2008 ( PowerHomeBiz ) - Las Vegas, NV — What information can you get from a good real estate investing book? There are a number of online sites, which can impart you knowledge and tips on how to start make your real estate investments properly. You can also get a number of books, which are essentially on the subject of real estate investing. You can search sites related to books on the net for information on real estate investing books.
If you go for an in-depth analysis of these real estate investing books, you will find that there are a number of chapters covering topics like - how to market your real estate investing business, the secrets of real estate investing, tips & tricks on real estate investing, how to follow business success of tycoon of other fields and how to grow in the real estate business. All these and more are covered as a part of a good real estate investing book.
A number of hidden pitfalls are there that you should avoid for staying in the business. You can get a detailed overview about the dangers, drawbacks and possible ways out. You can also know whether you are ready to step into the business of real estate investing or not. The real estate investing book can give you advice on how to use the books properly so that you get the maximum information out of it.
While on your journey of becoming a successful real estate businessman, you would need a guide who can help you in the right direction. The real estate investing book can be a very good friend in achieving understanding your goals and achieving them. The book would also tell you about the real estate seminars from where you can get hidden benefits.
The real estate investing book also tells you how to set up your own multi billion-dollar empire based on real estate. Some online sites offer you a number of courses, both online as well as normal. You can start your own real estate business with your own home mortgage. If you pay attention to the techniques offered by the real estate investing books you would be able to recover it within seven years.
About the Author :
Brad Wozny is a real estate investing expert. Let Brad show you how to connect with eager real estate investor buyers & sellers of investment properties. Access private money & creative lending resources. Claim your FREE Strategic Investment Manifesto and Download your 2 FREE real estate investing mp3 case studies.
Volatile Economy Forces Asset Diversification for Self-Directed IRA Investors
July 29, 2008
In comparing survey data from 2005 to new data from 2008, Guidant Financial Group has found that self-directed IRA holders have changed their asset allocations dramatically in response to the volatile economy.
Bellevue, Wash. (Vocus/PRWEB ) July 29, 2008 — In comparing survey data from 2005 to new data from 2008, Guidant Financial Group has found that self-directed IRA holders have changed their asset allocations dramatically in response to the volatile economy.
In both surveys of Guidant clients, real estate was the most popular investment among self-directed IRA investors. In 2005, 48.3 percent of survey respondents reported investments in real estate, compared to 59.9 percent in 2008. This shows a 24 percent increase in real estate investments over the last three years. Additionally, Guidant clients increased their investments in private notes and loans by 131.1 percent - an investment opportunity that seems to have come into its own thanks to the current economic climate.
The most dramatic increase was seen in tax lien investments. In comparing data from the two surveys, self-directed IRA holders reported a 341.1 percent increase in tax lien investments with IRA funds. According to the 2005 survey, only 1.7 percent of account holders were investing in tax liens, while 7.5 percent were doing so in 2008.
“The increases in investment activity across several opportunities show us that self-directed investors are diversifying their investments,” explains David Nilssen, CEO of Guidant Financial Group. “If the volatility in the stock market has taught us anything, it has taught us to avoid putting all our eggs in one basket. Even those already diversifying beyond the market into alternative investments are no longer buying just one property or solely investing in tax liens.”
The one investment type that saw a significant decline was private stock placements. This type of investment, in which the investor purchases stock in a privately-held corporation, decreased by 82.8 percent.
“The volatility in the economy and the securities market has made investors wary of any kind of corporate investment,” explains Nilssen. “Self-directed IRA holders are finding that investing in nontraditional assets like real estate and tax liens is just as easy as investing in the stock market. Given the recent state of the market, it’s not surprising they’re turning away from entities over which have no control to alternative investments that allow hands-on supervision.”
About Guidant Financial Group
Guidant Financial Group is the premier provider of self-directed IRAs and business-funding solutions through IRAs and 401(k)s. Guidant’s services allow investors the freedom to make investments in real estate, franchises, businesses, tax liens and more by accessing their retirement accounts without penalty before retirement age. For more information on Self-directed IRAs or Small Business Financing please visit www.guidantfinancial.com.
TReXGlobal.com Releases ‘Partner Program’ for Real Estate Professionals
July 27, 2008
NewswireToday - /newswire/ - Fremont, CA, United States, 07/27/2008 - “Residential investors account for the most underserved market in the real estate industry, but most agents think that the investor market is small and unworthy of focus,” said Pankaj Shukla, CEO and Founder of TReXGlobal (The Real Estate eXchange).
TReXGlobal.com unveiled a free new platform for real estate professionals to attract business with real estate investors – the T-ReX “Partner Program.”
“Residential investors account for the most underserved market in the real estate industry, but most agents think that the investor market is small and unworthy of focus,” said Pankaj Shukla, CEO and Founder of TReXGlobal.com. “In reality, this is a huge market, and investors provide a great opportunity for real estate professionals – especially with current market conditions.”
According to the National Association of Realtors®, 22% of all property purchases last year were for investment purposes – and 75% of these purchases were single family homes, townhouses, and condominiums. Eight out of ten investors surf through agents’ websites looking for deals, but the inability to identify these investors and market to their needs results in lost opportunities for real estate professionals.
With the T-ReX Partner Program, agents can generate more business by converting web visitors into investor clients using free co-branded web tools. These free web tools save thousands of dollars for the agent’s investor clients. Agents also have access to an online Marketing Toolkit that contains step by step guides that assist real estate professionals with marketing and communication efforts. This helps real estate professionals cultivate relationships with investors and generate long-term recurring business.
About T-ReX Global (The Real Estate eXchange)
T-ReX Global (trexglobal.com) is a leading provider of simple web applications for real estate investors to help them save thousands of dollars. The Partner Program helps real estate professionals cultivate relationships with investors using co-branded web tools.
T-ReX Global’s web tools have been featured in Forbes, The Chicago Tribune, Accounting Today, WebCPA.com, and other publications. T-ReX Global was also one of thirty companies chosen to demonstrate at Launch: Silicon Valley 2008. The company has partnerships with H&R Block, First American Corporation, and IPX 1031 Investment Property Exchange Services.
T-ReX was founded by CEO Pankaj Shukla (Former VP Intuit Small Business) and President Narinder Sandhu (Former VP Intuit Payroll Services). Both have over 20 years of experience real estate and product development.
HomeVestors Names Top 10 Cities for Real Estate Investing for Second Quarter of 2008
July 19, 2008
July 18, 2008 // Franchising.com // DALLAS - HomeVestors® of America, Inc., the company famous for its “We Buy Ugly Houses”® billboards and America’s #1 Home Buyer, has named the top 10 markets for real estate investing in the second quarter of 2008. They are as follows:
1. Dallas, Texas
2. Houston, Texas
3. Atlanta, Georgia
4. Denver, Colorado
5. Fort Worth, Texas
6. San Antonio, Texas
7. Charlotte, South Carolina
8. St. Louis, Missouri
9. Milwaukee, Wisconsin
10. Chicago, Illinois; Kansas City, Kansas (two cities tied for tenth place)
HomeVestors, which has bought more than 35,000 homes in the U.S. over the last 12 years, based the findings on the number of houses bought in each market by the franchise network in the second quarter of 2008.
“This has been a rather ugly year for residential real estate, creating record-setting demand for a trusted national home buyer,” said John Hayes, president and CEO of HomeVestors. “Despite changes in the market, real estate investing continues to grow. From small towns to big cities, people continue to look to HomeVestors to help them out of ugly real estate situations.”
HomeVestors is the only national franchise that specializes in buying, rehabbing and selling single-family homes across the nation. The company has more than 230 franchises in 35 states.
About HomeVestors® of America, Inc.
Founded in 1989 and franchising since 1996, Dallas-based HomeVestors® of America, Inc., has more than 230 franchises throughout the United States. The first franchise company of its kind, HomeVestors® trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the “We Buy Ugly Houses”® franchise, HomeVestors® strives to make a positive impact in each community. More information is available at www.homevestors.com.
