Thursday, January 30, 2014
Personal Budget Worksheet! Let's get our finances in order! Who's ready?
PLEASE CLICK THE LINK BELOW FOR THE FREE WORKSHEET!! HOPE THIS IS HELPFUL!
https://docs.google.com/spreadsheet/ccc?key=0AtYMFBRp7iX2dDlnOGJqcHc4dlJGUkxKbEVkNVBleEE&usp=sharing&hl=en&forcehl=1#gid=0
$1,000,000+ sales in Rhode Island
Rhode islands million dollar + Home sales 2013
https://www.dropbox.com/s/9mpanml0l2p5f62/Million%24Prop2013.pdf
https://www.dropbox.com/s/9mpanml0l2p5f62/Million%24Prop2013.pdf
Waterview Home..Just steps to the beach
Spectacular ocean views /Private beach! Must see
$279,000
http://animoto.com/play/mwgA5dRBFP0OE1BphHrIaQ
$279,000
http://animoto.com/play/mwgA5dRBFP0OE1BphHrIaQ
Wednesday, January 22, 2014
6 ways to ensure a remodeling project pays off...
REMODELING BEATS ADDING ON....
McMansions have gone the way of the SUV -
http://money.cnn.com/2010/02/04/real_estate/tips/home_remodeling_investment.moneymag/index.htm
ATTENTION LANDLORDS...CHECKS IN THE MAIL!!!
Tired of waiting for the rent check to show up? Here's a great solution I came across!
Any feedback or comments would be great. Let us all know your experience with this simple solution!
The Best Gift Tax Advice Ever!!!
The Best Gift Tax Advice Ever!!
Gift Taxes and Tax Planning Are Too Personal and Complex to Go it Alone
http://wills.about.com/od/estateplanning101/qt/The-Best-Gift-Tax-Advice-Ever.htm
Tuesday, January 21, 2014
Saturday, January 18, 2014
4 Ways to find Value in a Real Estate Rental Property
During the first half of the 2000s, investing in real estate became more common for average Americans. With easily available financing and minimal down payment requirements many Americans made handsome profits by flipping homes. Well, as we are all aware of, this couldn't go on forever, and the real estate bubble popped in 2007, leading to The Great Recession. Notwithstanding this fundamental change, real estate investment is certainly not unprofitable. Some economic factors such as high unemployment and very strict lending standards by financial institutions have contributed to low vacancies for rentals across the United States. Perhaps real estate investors should look at rental investments as an alternative to a buy and sell approach. So, how does one go about valuing real estate rentals? Here we will introduce at a high level some ways to value rental property. (For related reading, see Simple Ways To Invest In Real Estate.)TUTORIAL: Exploring Real Estate Investments
Sales Comparison Approach
The sales comparison approach (SCA) is one of the most recognizable forms of valuing residential real estate. This approach is simply a comparison of similar homes that have sold or rented over a given time period. Most investors will want to see an SCA over a significant time frame to glean any potentially emerging trends.
The SCA relies on attributes to assign a relative price value. Price per square foot is a common and easy to understand metric that all investors can use to determine where there property should be valued. If a 2,000 square foot townhome is renting for $1/square foot, investors can reasonably expect a similar rental income based upon similar rentals in the area. Keep in mind that SCA is somewhat generic; that is, every home has a uniqueness that isn't always quantifiable. Buyers and sellers have unique tastes and differences. The SCA is meant to be a baseline or reasonable opinion and not a perfect predictor or valuation tool for real estate. It is also important for investors to use a certified appraiser or real estate agent when requesting a comparative market analysis. This mitigates risk of fraudulent appraisals, which became widespread during the 2007 real estate crisis. (For related reading, see Valuing A Real Estate Property.)
Capital Asset Pricing Model
The capital asset pricing model (CAPM) is a more comprehensive valuation tool for real estate. The CAPM introduces the concepts of risk and opportunity cost as it applies to real estate investing. This model really looks at potential return on investment (ROI) derived from rental income and compares it to other investments that have no risk, such as United States Treasury bonds or alternative forms of real estate investments such as real estate investment trusts (REITs).
In a nutshell, if the expected return on a risk-free or guaranteed investment exceeds potential ROI from rental income, it simply doesn't make financial sense to take the risk of rental property. With respect to risk, the CAPM considers the inherent risks to rent real property. For example, all rental properties are not the same. Location and age of property are key considerations. Renting older property will mean landlords will likely incur higher maintenance expenses. A property for rent in a high crime area will likely require more safety precautions than say a rental in a gated community. This model suggests building in these "risks" before considering your investment or when establishing a rental pricing structure. (CAPM helps you determine what return you deserve for putting your money at risk. For more, see The Capital Asset Pricing Model: An Overview.)
Income Approach
The income approach focuses on what the potential income for rental property yields relative to initial investment. The income approach is used frequently for commercial real estate investing. The income approach relies on determining the annual capitalization rate for an investment. This rate is simply the projected annual income from the gross rent multiplier divided by the original cost or current value of the property. So if an office building costs $120,000 to purchase and the expected monthly income from rentals is $1,200, the expected annual capitalization rate is 12% (1200*12/120000).
Sales Comparison Approach
The sales comparison approach (SCA) is one of the most recognizable forms of valuing residential real estate. This approach is simply a comparison of similar homes that have sold or rented over a given time period. Most investors will want to see an SCA over a significant time frame to glean any potentially emerging trends.
The SCA relies on attributes to assign a relative price value. Price per square foot is a common and easy to understand metric that all investors can use to determine where there property should be valued. If a 2,000 square foot townhome is renting for $1/square foot, investors can reasonably expect a similar rental income based upon similar rentals in the area. Keep in mind that SCA is somewhat generic; that is, every home has a uniqueness that isn't always quantifiable. Buyers and sellers have unique tastes and differences. The SCA is meant to be a baseline or reasonable opinion and not a perfect predictor or valuation tool for real estate. It is also important for investors to use a certified appraiser or real estate agent when requesting a comparative market analysis. This mitigates risk of fraudulent appraisals, which became widespread during the 2007 real estate crisis. (For related reading, see Valuing A Real Estate Property.)
Capital Asset Pricing Model
The capital asset pricing model (CAPM) is a more comprehensive valuation tool for real estate. The CAPM introduces the concepts of risk and opportunity cost as it applies to real estate investing. This model really looks at potential return on investment (ROI) derived from rental income and compares it to other investments that have no risk, such as United States Treasury bonds or alternative forms of real estate investments such as real estate investment trusts (REITs).
In a nutshell, if the expected return on a risk-free or guaranteed investment exceeds potential ROI from rental income, it simply doesn't make financial sense to take the risk of rental property. With respect to risk, the CAPM considers the inherent risks to rent real property. For example, all rental properties are not the same. Location and age of property are key considerations. Renting older property will mean landlords will likely incur higher maintenance expenses. A property for rent in a high crime area will likely require more safety precautions than say a rental in a gated community. This model suggests building in these "risks" before considering your investment or when establishing a rental pricing structure. (CAPM helps you determine what return you deserve for putting your money at risk. For more, see The Capital Asset Pricing Model: An Overview.)
Income Approach
The income approach focuses on what the potential income for rental property yields relative to initial investment. The income approach is used frequently for commercial real estate investing. The income approach relies on determining the annual capitalization rate for an investment. This rate is simply the projected annual income from the gross rent multiplier divided by the original cost or current value of the property. So if an office building costs $120,000 to purchase and the expected monthly income from rentals is $1,200, the expected annual capitalization rate is 12% (1200*12/120000).
Taylor Swifts Watch Hill mansion..$$$ Cost around 17 million
http://www.zillow.com/blog/2013-04-29/report-taylor-swift-buys-oceanfront-manse-in-rhode-island/
Taylor Swift Buys Oceanfront Mansion in Rhode Island
Friday, January 17, 2014
Sunday, January 12, 2014
Just a little about Ron Zaremba...
Bringing extensive knowledge of the real estate market, short sale process, interior design and staging to his position as an accomplished and respected Realtor. Ron offers his clients an outstanding level of service from his extensive team leader skills for customer service and sales management background. His formal training and development allow him to excel in every level of the Real Estate transaction.
Known by clients and colleagues alike for his tenacity, perseverance, honesty and fairness. Ron also enjoys a stellar reputation for quick, timely response to each clients needs and concerns. His cell phone and email are always at hand. The result of that consummate professionalism in his extensive portfolio of referrals from past and present clients.
Realize what other clients already know, when making a decision as important as Real Estate, contact Ron Zaremba.
Ron Zaremba
401-572-8060-Cell
Rzarembarealty@gmail.com
North Star Realty
3890 Post rd
Warwick RI 02886
Office#401-234-0505
www.soldri.com
Bringing extensive knowledge of the real estate market, short sale process, interior design and staging to his position as an accomplished and respected Realtor. Ron offers his clients an outstanding level of service from his extensive team leader skills for customer service and sales management background. His formal training and development allow him to excel in every level of the Real Estate transaction.
Known by clients and colleagues alike for his tenacity, perseverance, honesty and fairness. Ron also enjoys a stellar reputation for quick, timely response to each clients needs and concerns. His cell phone and email are always at hand. The result of that consummate professionalism in his extensive portfolio of referrals from past and present clients.
Realize what other clients already know, when making a decision as important as Real Estate, contact Ron Zaremba.
Ron Zaremba
401-572-8060-Cell
Rzarembarealty@gmail.com
North Star Realty
3890 Post rd
Warwick RI 02886
Office#401-234-0505
www.soldri.com
Thursday, January 9, 2014
Monday, January 6, 2014
Why are you paying someone else's mortgage?
Thanks for reading my Blog..
My name is Ron Zaremba and I'm a Residential Real Estate specialist in Rhode Island. I wanted to have a place for first time homebuyers to educate and inform themselves on what's needed to purchase a home in this exciting market.
So many friends I run into didn't know they could actually purchase or afford a home. I have so many friends that are paying more for rent than a mortgage would be. Once they had some very simple home buying information, I was able to guide them into getting what they thought wasn't possible and that's a great feeling!
I'll add informative links on how to attract lenders, improving your credit, school rankings, tax information, saving money, and so much more. So please stay tuned and I hope you learn lots of great information. I hope I can help you with your next purchase and will give you the guidance you deserve.
Here's a Few tips from Opera on how to get the banks wanting your business for a great affordable mortgage........ http://www.oprah.com/money/The-10-Step-Plan-to-Improve-Your-Credit-Score
Mortgage rates............http://www.bankrate.com/
http://www.marketwatch.com/story/be-smarter-about-money-in-2014-2014-01-03
http://www.schooldigger.com/go/RI/schoolrank.aspx
My name is Ron Zaremba and I'm a Residential Real Estate specialist in Rhode Island. I wanted to have a place for first time homebuyers to educate and inform themselves on what's needed to purchase a home in this exciting market.
So many friends I run into didn't know they could actually purchase or afford a home. I have so many friends that are paying more for rent than a mortgage would be. Once they had some very simple home buying information, I was able to guide them into getting what they thought wasn't possible and that's a great feeling!
I'll add informative links on how to attract lenders, improving your credit, school rankings, tax information, saving money, and so much more. So please stay tuned and I hope you learn lots of great information. I hope I can help you with your next purchase and will give you the guidance you deserve.
Here's a Few tips from Opera on how to get the banks wanting your business for a great affordable mortgage........ http://www.oprah.com/money/The-10-Step-Plan-to-Improve-Your-Credit-Score
Mortgage rates............http://www.bankrate.com/
http://www.marketwatch.com/story/be-smarter-about-money-in-2014-2014-01-03
http://www.schooldigger.com/go/RI/schoolrank.aspx
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