After selling his department stores and choosing to return to his real estate roots, Yancey relocated to Las Vegas in 1994. In 2008, Yancey founded the Las Vegas-based Goliath Company, a real estate brokerage and investment firm. Goliath Company focuses on investment properties, the buy & hold approach and finding land to entitle and subsidize by selling to large private companies; which they have managed to do for a few thousand lots.
In my next piece, I’m going to explore what you might expect if you bought just one relatively cheap rental property per year for the next 20 years. I’m talking about properties that cost you $50,000 to $100,000 in markets with favorable landlord-tenant laws and good rent-to-purchase price ratios.
A.Y.: We had a house that everyone sold on Craigslist for two years. It didn’t have anything left in it; it looked like it had been in a war. No doors, no cabinets. They pulled out the fireplace. They jackhammered the flooring.
Hey everyone! I’d like to take a moment to explain what’s happening in the real estate market today as well as forecast what we can expect for the rest of this year and 2018. We are presently in the midst of of shift from a sellers market to a buyers market. I first noticed the shift in August 2015 in the higher price points, which is typically how it happens. When comparing sales prices from 2015 to 2016, there was no upward movement in values for most areas of Dallas. 2017 is looking like it’s going be slightly down from our 2016 values despite having a large number of people moving to Dallas from out of state. There are several factors for this downward shift:
The costs of financing are about $6k per project, or $30k total – more than the total profit in the example above! However, the profit before financing costs was $125K. Even after the cost of financing is factored in, the flipper has made $95K, nearly doubling their savings. Leverage allowed the flipper to make almost 4x more than what savings alone would have allowed.
Many flippers end up listing their homes with a Realtor. Realtors eat and sleep real estate, have access to buyers, and can list your house in the MLS database. They also know the current market fluctuations, and have the skills and network to get you the best price quickly.
Each kind of real estate and investment type carries its own set of risks and rewards. Regardless of the type of real estate that you invest in, it is important to choose investments wisely by running opportunities through a rigorous underwriting process. Regardless of who performs the underwriting, due diligence plays a vital role in making a decision on an investment, guiding whether an investment opportunity can meet your financial goals.
Yancey’s website claims that he “is a firm believer that people should find joy in what they do, and so he and Amie are now devoting much of their time to helping others find financial peace and happiness with the added income provided by real estate.”
You can also choose to sell your house yourself, without a Realtor. You’ll save money in Realtor fees, but in an uncertain market, you might end up waiting a long time for the house to sell. In addition, listing and showing a house takes time. If you can’t be available every time someone wants to see the house, and you don’t want to host open houses, working with a Realtor might be the best choice for you.
We touched on this previously. A large segment of attendees say they wanted to find ways to secure their retirement. That’s a clear statement, but there’s a lot of concern for the future in the background.
Let’s say a flipper with $100k in savings. Imagine the flipper uses those savings to purchase and renovate a single home, then flips it for $125k. They just made $25K (25%) and didn’t have any borrowing costs. Not bad right?
Galliard Homes is a premier property investment company which boasts some of the best and most unique properties in London. We offer a variety of property investment services for investors looking to gain maximum market appreciation and rental potential.
The key to investing in real estate without any money of your own is simple: bring something to the table. If you lack money, there are other things you can bring to the table in a transaction — if structured correctly — including education, time, connections, confidence, intelligence, and creativity. By reading this guide, you are already taking steps toward building your strengths in those areas.
After you have followed all of these steps, it’s time to get business cards made and set up a business website and a business email address. Your website can serve as a portfolio of past projects, for investors and lenders, and help with lead generation by stating the area you work in and the type of properties you’re interested in. Following this guide of setting up business operations will ensure your business is legal and is presented in a professional manner.
First of all, I want to say thank you to both Scott and Amy Yancey as well as to your amazing team. I had a lovely experience, and I took in a lot of knowledge that this seminar has to offer I most definitely recommend it to not just my family and friends, but to any and everyone out there.
REITs and rental properties are two of the most popular ways to invest in real estate, but they each offer very different benefits and drawbacks. We discuss each here in depth to make it easier for you to evaluate your options.
This one is coming up a lot these days, as there seems to be a big popularity push for flipping shows. And, Scott will not bad-mouth flipping because he’s done really well in that niche. But, it’s not the only, or arguably always even the best real estate investment strategy.
Important note: Even though these seminars bear his name, Scott Yancey is not the main spotlight. Instead, they’re operated by a company based out of Utah, who utilizes Scott’s strategies and brand for marketing purposes.
Residential real estate: Residential real estate consists of single family homes, townhouses, condominiums, and multifamily homes that people use as a living space and not a working space. Homes larger than four units are considered commercial property. Examples include freestanding homes, townhouses, and condominiums that occupants can own.
There was such a huge supply vs. demand, we were killing it. And then, years later, people got into it, and the supply and demand changed. And it got a little more difficult to go after houses. But we’ve been doing it enough and finding properties so many different ways that we still were able to get a good amount of volume. Now it’s changed again. Now there’s excess inventory, and the days on the market are taking longer.
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For many investors, real estate is uncharted territory. Unlike stocks and bonds — traditionally considered “standard assets” — real estate is an “alternative asset,” historically difficult to access and afford… until recently. But just because real estate is an unknown doesn’t mean that it should be avoided as an investment opportunity. When approached correctly, real estate can be a lucrative and reliable way to generate substantial income. Real estate can generate an income stream while supplementing your portfolio’s other asset classes with unique benefits, including cash flow, portfolio diversification, and tax benefits. But, despite obvious upsides, real estate can seem intimidating to outsiders, without an obvious starting point. That doesn’t need to be the case: In this article, we discuss the fundamentals of real estate investing and six different ways that you can get started right away.
I just read your article and it sounds great. I’m a mother of two that makes approximately 75,000 annually. I’m buying my third house and already have over 150,000 in equity along with money saved. My girls will be taken care of. Investment properties are the way to go. Just be smart about it and never bite off more than you can chew.
Investment property purchases had 20 percent down, where the owner occupant purchases had 5 percent down. There should be an increase cash flow on the investment property purchases, because of the lower down payment, but I left them the same to make the math easier.
Since 1970, real estate has been the best performing asset class among the following seven major asset classes: large cap US stock, small cap US stock, non-US stock, real estate, commodities, US bonds, and US cash. See summary table below (which reflects the performance of the following indexes):
Garland Rental – Completely remodeled, 3 bed, 2 bath, 0.18 Acre Lot, 2173 sqft, no garage, $1750/month rent. Yeah no garage sounds bad, but I factored that into the rent. I have it renting for the price of an 1800 sqft home in this area. This is a flip that someone overspent on for the neighborhood and is now going to take a bath.
Scott Yancey and his wife, interior designer Amie Yancey, work with project manager Baldemar Rivera to flip a dilapidated house. Simultaneously, one of Scott’s rental properties suffers fire damage. Scott enlists Baldemar to repair the fire-damaged house. Dealing with problems at both houses, Baldemar struggles to finish them on time for Scott.
Hey guys! I don’t post all my deals on here, but every once in awhile I’ll post a deal that has a very short fuse or huge ROI, in this case, this deal has both! We have to close on this lot by 10/12/17 and the ROI is going to be approaching 70%! Also keep in mind that this is a rather passive opportunity. It won’t suck your time.