3 Reasons Investment Properties Are a Smart Buy

Today, our own investment specialist Alex Manning shares three reasons why investment properties are worth your consideration.

There are a variety of opportunities in the Central Pennsylvania real estate market for both buyers and sellers.
If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

Welcome back for part two of our investment series. Today I’m joined by our own investment specialist Alex Manning, who will share with us three reasons why you might want to seriously consider owning an investment property. People buy investment properties for many reasons, and three of the most common ones are safety, ease of getting started, and versatility. Safety Buying real estate investment properties is a safe investment. Good times and bad times come and go, but homes last. If times are good, the property will appreciate in value. If times are bad, fewer people are buying homes and instead look to rent. That allows you to raise rent prices and to get maintenance and upgrades done at a reduced cost. Investment property has a proven track record. As long as you buy correctly, you will not get hurt. Buying correctly at the right price is the key. It’s easy to get started Banks love to lend money for residential property purchases. That, combined with the fact that you only need to put 20% down to buy most investment properties, makes it easy to acquire a second, or even a third, house. The magic here is leverage. You control the entire asset by only having to put down one-fifth of its cost. Most people are quite surprised to learn how easy it is to secure a loan for an investment property.

Buying real estate investment properties is a safe investment

Versatility
An investment property is versatile because it can produce wealth in three distinct ways:

• Long-term capital growth. Houses will rise in value over time.
• Positive cash flow. If you need cash, select investment properties where rents outweigh the holding costs.
• The third is adding value. You can do improvements that allow you to raise rents or lower expenses. Try doing that with a stock or bond. 

There is a way all three of these reasons can be wrapped up in one property. However, to find such a property, you will need to work with a professional who thoroughly understands the local investment market, preferably someone who actually owns investment property themselves and can share their experiences.

An experienced agent is key to maximizing your returns. I own investment properties myself—it’s how we put our kids through college and it’s a part of our retirement plan.

If you are considering an investment in real estate, don’t wait. Timing is everything, and you need to make choices early in life. Call us at (717) 695-3177 or send an email at Info@JoyDaniels.com. We are ready to meet your real estate goals.

Streamline Your Home Search With Our HouseekR App

Our new HouseekR app gives you the ability personalize your home search and access all sorts of real-time information about houses you desire.

There are a variety of opportunities in the Central Pennsylvania real estate market for both buyers and sellers.
If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

Our mission at the Joy Daniels Real Estate Group is to continuously redefine how buyers find and access listings. You have access to an array of free, powerful online tools, and we have found one that will help you in your home search process. We are pleased to present the newest way to search for your next home and instantly access your Joy Daniel's agent—HouseekR! With the HouseekR app, finding your home is a personalized and interactive experience. You will notice this sign in the yards of many of our homes that are for sale. Simply download the HouseekR app to your smartphone and select Joy Daniels as your agent. Using your Bluetooth, this new app has built-in functions that will enable you to manage your favorite listings, instantly chat with a Joy Daniels agent in real time about a particular listing you may like, and spontaneously schedule a showing right through the app on all “Smart Listings.” Now when you drive past a Joy Daniels "Smart Listing," you will receive a push notification providing you with our new digital flyer feature. Just click, chat, and schedule!

HouseekR is the new interactive way to shop for your next home!

In today’s market, buying a home can feel like a journey without a destination. Often, you need to navigate through the tedious process of finding your new house without the ability to get information quickly and accurately. The HouseekR app gives you the ability to search, save, and organize your updates on your favorite homes, anytime and anywhere. Simply “like” the houses that interest you. All houses you “like” will be stored in your “ME” section of the app.

You can also access real-time information such as price, seller notes, open house times, or the current status of the property. Plus, you can connect with your Joy Daniels buyer specialist and view available times to schedule a visit. It’s easy and instant—created so you can receive updates on your favorite listings, enjoy real-time communication with your agent, and schedule showings right from your fingertips.

To download the HouseekR app to for iPhone, click here. For Android phones, click here. 

Please answer the on-boarding questions so that your agent can classify what type of house will meet your needs. At the end of the questions, don’t forget to select Joy Daniels as your agent.  

Won’t it be a fun surprise when you are nearby the perfect house and your phone receives a notification? If you have any questions about this program or would like to set up a buyer consultation with one of our buyer specialists, don’t hesitate to call or email us anytime. We’d be happy to help you!

If you have any other questions or would like more information, feel free to give me a call at (717) 695-3177 or send me an email at Info@JoyDaniels.com. I look forward to hearing from you soon.

Have Someone Else Feed Your Savings by Investing in Real Estate

Today I’m joined by a special guest to tell you how investing in real estate can put money in your pocket and help you secure a stronger future.

There are a variety of opportunities in the Central Pennsylvania real estate market for both buyers and sellers.
If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

Today I’m joined by a special guest, Alex Manning, to help me go over a few key points regarding investment properties. Alex is an agent in our office who specializes in these kinds of properties. Recently, Alex told me the easiest way to save for college or retirement. His solution is to move, but not sell your first home. Instead, rent it out to make a profit. Before you move, refinance the existing mortgage into a 15-year one. This way, the rent will cover the mortgage, taxes, insurance, and most of the maintenance. The tenant pays for everything else. Think about the following example: You buy a starter home and have a child, and once the child turns three, you move. 15 years later when your child is 18, your home will be paid off and you’ll be left with a nice chunk of change. In fact, the money you earn will likely be enough to pay for all four years of your child’s college. The best part is that this comes as easily as breathing. It’s something you’ll forget about. Every month the equity grows as the mortgage is paid down, and most years the home will appreciate in value. When someone else is the one making payments on your house, you won’t need to pull any money out of your paycheck, savings, or retirement fund.

You don’t need to sell property to get money out of it.

Another great thing is that you cannot instantly access the money. You can get to it, but the slight delay will prevent you from acting too impulsively. We all know how hard it is to stop yourself from dipping into your savings. What’s better than having someone else putting money in your pocket? 

If you’ve been wondering how you’re going to pay for your children’s education and scholarships aren’t an option, think of investment properties as a way to help. A good rule of thumb is to invest in one property per child. Using equity from one property will make it easier to make a down payment on the next. This process is called leveraging the property. 

You can also use these funds to help you grow your retirement fund, as well. 

Always keep in mind that you don’t need to sell a property to get money out of it. In fact, it’s better not to. 

This may sound like a lot to take in, but thankfully Alex is happy to lead new investors through each and every step. He would be more than happy to guide you through the process.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.