10 Tips for Successful Real Estate Investing in 2017

Profits can always be made with the right balance of discipline during a real estate market slowdown, stagnation or depression. This article shows you the top ten tips that real estate investors apply to ensure success from their investments.

1.  Slow and Steady

Take the necessary time to learn about potential investment properties. Peruse the MLS, speak with realtors that are keen in the area you are interested in, research the comparable properties and prioritize making friends with a realtor that specializes in income properties. Spending time on research can keep you informed and ready for lucrative investment opportunities.

2.  Everything is Negotiable

Remember the age-old adage: “Everything’s negotiable?”  Well, there’s truth in that. Successful negotiating means being assertive enough to go after the deal you want, but insistent enough to always be willing to walk away from the negotiations that aren’t giving you those “warm fuzzies.” Make that sweetheart of a offer that the seller(s) look for in order to secure your deal. If it’s attractive to you, make it just as attractive to the seller and you will seal the deal!

3.  Never Stop Learning

Investment strategies, especially in real estate are ever-changing. Market trends go up and down like a seesaw on steroids. The best way to stay ahead of the game, or at least in the game, is by staying up to date on the newest and latest tactics.

4.  Discipline!

Carve out your budget. And stick to it. No matter what, a strict budget is top of the list in investing. Carefully set your parameters, do the math, research the market and set your budget in stone. Stick to properties that meet your budget and don’t compromise your budget to meet your needs.

5.  Consistent Progressive Cash Flow is the Goal

Despite anyone’s best efforts, an upbeat market can take a downturn just as it did in 2007-2008, leaving an investor drowning in depreciated real estate. In this case, while a loss is inevitable, you can minimize your loss and avoid financial ruins by focusing on investing in properties that maintain a confident cash flow monthly. Optimistic or positive cash flow does not rely on rent income or market values to increase. From the start of a potential deal, if the numbers don’t add up, start subtracting by removing your interest and funds from the table. Invest elsewhere.

6.  Make it Count

Starting off, be discriminative. Until your real estate investment portfolio grows, it may not be practical to purchase the distressed property in the historic area of town. You need time to gain a steady and positive cash flow on your investments. Less is not always more when starting out in real estate investing. That first property might cost a little more than what you imagined.

7.  In the Beginning, One is More than Enough

In the beginning, choose a category of investing and test it for a year.  For example, do you want to flip real estate and sell it? Or would you rather prefer renovating and renting? Once you have mastered that area with expertise, then start looking to take on another.

8.  Don’t Try to Boil the Ocean

Start small. It’s literally an ocean out there and one wrong decision could cause you to drown before you even start to swim. You may even want to start with your primary residence and rent a portion of it in order to get some capital flowing.

9.  Follow the Money

Follow the money trail. If there is a property in an area that can generate cash flow, you should jump on it like bears to honey! Whether your investment volume is big or small, get into sound investing and build your real estate dynasty one property at a time.

10.  Don’t be Shy when it Comes to Taking on New Challenges

If you are already in the real estate investment game, expand your horizon and broaden your territory by taking on new and different investment opportunities. Minimize the risks, but without making any hasty investment decisions. And by all means, go for something new.

The executive team at  RealtyeVest leads a group of expert analysts who acquire, manage, negotiate and purchase real estate acquisitions.

Built on a foundation of complete transparency, honesty and accountability, RealtyeVest delivers results to maintain a steady leading edge in real estate investing that yields profitable results.

The post 10 Tips for Successful Real Estate Investing in 2017 appeared first on RealtyeVest Crowdfunding News.

Crowdfunding and Self-Directed IRA Real Estate Investments

Crowdfunding for real estate is the collected efforts of many individuals to pool money to invest in a piece of property. Typically, these properties are larger buildings, such as a shopping plaza or an apartment building.

While these investments can cost a single investor an astronomical amount of money, real estate crowdfunding allows potential investors to diversify their portfolios with many smaller investments, and the benefits don’t end there.

For many choosing to participate in real estate crowdfunding, a self-directed IRA is the easiest way to go about the investment process. Traditional IRAs limit individuals on the types of investments they make, but self-directed IRAs are much different. A self-directed IRA is uniquely structured with the barrier of an LLC, where the individual is the sole managing member of the said entity. As a result, the managing member can make the decisions about where the investments are made. In a typical self-directed IRA, existing IRA or 401(k) funds roll over into a new self-directed account fully-managed by the LLC, whose sole managing member is the investor, themselves.

The Guidelines

There are a few basic rules set by the IRS regarding the types of investments that are allowed to be made, but a self-directed IRA holder does have the ability to invest in things like real estate crowdfunding. Because one of the stipulations regarding real estate investing using a self-directed IRA involves needing the property to be a commercial building, investors are also able to see a much higher return on their investment than in personal property.

Crowdfunding With SDIRA

What does this mean in real estate crowdfunding? First of all, it means that someone investing in real estate with a self-directed IRA isn’t using a dollar out of their own pocket for the investment. Potential real estate crowdfunding investors only need to identify a custodian to make the investments for them, open a new account and transfer the funds.

Diversifying Your Investment Portfolio

RealtyeVest accepts self-directed IRAs to invest in equity and debt offerings with as little as $5,000 in certain opportunities. This is a great way to make intelligent investments in real estate without “putting all your eggs in one basket.”

 

The post Crowdfunding and Self-Directed IRA Real Estate Investments appeared first on RealtyeVest Crowdfunding News.

Rental Property Management 101

Those new to the real estate investment field are typically excited when they close escrow on their first property. However, that feeling can quickly turn sour due to unforeseen changes.

Nevertheless, real estate investing can be a great way to improve long-term wealth.

Below are a few items to consider when preparing for the future as a real estate investor.

 

MANAGING THE BUDGET

simple kitchen upgrades for rental property investments

Focus on small, simple upgrades for your rental property investment

Spend Your Time, Money Wisely
As the closing date approaches, many first-time investors assemble a list of wanted improvements, but this can be difficult as most first-timers have an unrealistic timeline concerning the completion date. There are always unexpected shortfalls, such as upgrades, renovations and other unforeseen costs. So, it’s important to be cautious when estimating a quick turnaround at a low cost. It rarely works out that way.

Be Prepared to Make an Investment of Sweat Equity
To minimize cost overruns and become better educated, a real estate investor should plan on spending a significant amount of time onsite — from the closing date until the tenant has occupied the property for a short period. Being an investment property owner is a lot of work. The owner must get bids from contractors, wait for deliveries, review work, shop for supplies, advertise the property and review rental applications. It might start out as fun, but in the end it is a lot of work. However, real estate investing is a long-term and wealth-building proposition. That’s why it’s important for an owner to invest his energy and time at the present moment.

Don’t Accept the First Contractor’s Bid
As with other major purchases, it is important to get several competing estimates to ensure a fair price on contracting work has been agreed upon. The more costly the job, the more bids the property owner should get. The bidding process can be long and tedious, but doing research now leads to better and less expensive bids in the end.

Concentrate on Small Upgrades
In most house flipping situations, things like flooring and paint usually require some work. Luckily, these are some of the easiest and most cost-effective upgrades to make. First impressions are everything and potential renters are more likely to keep things looking nice when they see that things are turnkey ready. It costs money to make these upgrades, but it pays off in terms of charging tenants higher rents.

  • Paint: Use neutral, bright colors and paint all the walls the same shade. When touch-ups are necessary — and they generally are — it’s nice to have only one color to consider. When buying paint, choose one that’s easy to clean and buy more than needed, so it’s easy to do touch-ups later on.
  • Flooring: Tile, vinyl, wood laminate and carpet. Tile is great for bathrooms and kitchens due to high moisture levels, and wood laminate is ideal for other rooms for easy cleanup and durability. Carpet isn’t usually advised for rental properties as it is easily stained and every tenant will want new carpet. By shopping around, an investor can find good deals on easy-to-install laminate flooring.

Look for Electrical and Plumbing Issues
A property that’s more than 20 years old should have its electrical outlets and water valves replaced. Get bids from plumbers and electricians before the property is listed. Water lines, valves, dishwasher hoses and drains can pose the biggest threat regarding leaks and floods. Electrical outlets aren’t as big of a risk, but they can end up looking unsightly after years of being painted over. An electrician can quickly change out all of the outlets and switches in a few hours.

Don’t Base Supply-Buying Decisions Solely on Price
When an investor gets bids and review costs at home improvement warehouses, they shouldn’t base purchase decisions solely on the price. Lowball estimates never stick when it’s time to make decisions on what to purchase. If the investor ends up buying the higher-priced item, they can end up going over their budget.

 

friendly tenants in a rental property

Do your due diligence when seeking tenants

FINDING THE RIGHT TENANT

If rent is any different than other monthly bills, it’s because it is the most expensive monthly bill that someone pays.

Follow Fair Housing Rules
It’s important to know that it is illegal to discriminate against rental applicants based on race, nationality, religion, gender, heritage or disability.

In addition, check to see if other states have their own Fair Housing Rules. These rules are put in place to prevent discrimination and alert landlords when leasing out properties to tenants for other reasons, such as felony convictions, income and employment or tenant history.

Perform Criminal Background Checks
It can be difficult to obtain the full story and, in some states, prevent a landlord from leasing due to a criminal conviction. That being said, it is certainly a good idea to check criminal backgrounds, which are public record and can be requested by email or at a local courthouse. Always be sure to check that an application hasn’t been falsified by verifying the person’s ID.

Look For Financial Responsibility
Also, it is important to have a tenant who shows financial responsibility. Run a credit check to see if a potential tenant appears to have trouble keeping up with car and phone payments. Moreover, it is likely that they will also have trouble paying their rent. Don’t let financial woes affect a real estate investment property. Another way to ensure that tenants will make on-time payments is to check employment history by requiring them to provide two payment receipts and proof of employment for the past six months. It is not ideal to have a tenant living above their means or one that changes jobs too often.

 

Moving Forward
While this is by no means a comprehensive guide to investing in rental property, these tips provide a great starting point. Real estate investors should supplement these tips with their own investigative work, as well as guidance from other, more experienced rental property owners. Other rental property investors can be a good source of advice and they can help new buyers set their expectations to a realistic level. Being a property investor is not easy; it’s more like a marathon rather than a sprint. However, if an investor paces himself and works hard success will come.

Crowdfund Your Next Real Estate Project with RealtyeVest.
Button for financing real estate

The post Rental Property Management 101 appeared first on RealtyeVest Crowdfunding News.

On-Trend Investing: Affordable Housing

Warren Buffet provides one of the best answers as to whether investing in the mobile home community arena is worthwhile. He bought Clayton Homes more than a decade ago, seeing the housing crisis that was fixing to befall the nation. The foreclosure disaster is still affecting the market and causing former homeowners to scramble in search of affordable housing options.

Roots of the Mobile Home Market

The roots of the affordable housing market

The roots of the affordable housing market

The modern mobile home began as a travel trailer used by wealthy people to live comfortably as they roamed the countryside on family vacations. The military grabbed onto the usefulness by stationing these temporary housing units near factories that were producing products for the troops away in combat. They continued use for GI’s that returned and decided to go to college with their earned benefits. By the 1950’s, mobile housing was finding a permanent spot in the American landscape of affordable housing options.

The mobile homes of today are nearly unrecognizable to the predecessors. Most have pitched roofing, high-levels of insulation and stylish interiors. A few offer built-in storage areas, kitchen islands, fireplaces and garden tubs. They can be moved from one park to another, but it is generally cost-prohibitive to do this. Most tenants look for a great park to call home and stay planted there to avoid a $3,000 or more charge to move.

The popularity of mobile home park living has increased for several reasons. The housing bubble and foreclosure waves left many people with no housing and decimated credit scores. Those on annual fixed incomes can rarely afford the rental prices of traditional homes or apartments. Many people enjoy the feel of community and like the idea that they do not have to deal with lawn care and maintenance. The idea that once the mobile home is paid for, all they are responsible for are lot fees and utilities. This is something that is incredibly appealing for growing families. The 2013 census showed that there were 8.6 million mobile homes scattered in a variety of locations across the United States.

The affordable housing market today

The affordable housing market today

Who Lives in Mobile Home Parks?
Mobile home communities come in many varieties. There are more luxurious areas that offer clubhouses, pools and community centers, while there are also bare-bones parks that have been neglected and remain in poor condition. A well-managed park moves out the older trailers and sets rules and regulations to control disruptive activities or behaviors from tenants.

The primary residents of mobile home communities are those that are at or below the national poverty levels. They are generally the ones that are unable to afford down payments for traditional home ownership. The 2016 U.S. Census Bureau statistics show that 14.8 percent of Americans live at or below the poverty level of $24,300 dollars for a family of four. This translates to 46.7 million people. This leaves a lot of potential growth in the market for affordable housing options.

Benefits of Staying in a Mobile Home Park
The reasons people choose to stay in a mobile home park are individual, but most revolve around housing stability, economic factors and a feeling of community. If an individual or family has sought out affordable housing and found a solution, they are reluctant to try reaching forward to more expensive options right away. Having housing that is affordable and leaves a little money at the end of the month becomes a dependable way of life. Long-term tenancy breeds familiarity. People get to know one another and tend to look out for each other. The sense of community is tight in an enclosed park environment.

 

Growth Potential for the Mobile Home Park Market

affordable housing developments

Growth potential for affordable housing developments

With 8.6 million mobile homes in the U.S. as of 2013 and the estimated 46.7 million people at, or under the poverty level, the potential for continued growth is astounding. As baby boomers continue to age, retirement can mean living on a fixed-income, which is often shockingly low. There are plenty of available mobile home parks that are in desperate need of upgrades, whether it’s in plumbing, interior work or trailer upgrades. Creating a pleasant and affordable housing option will always bring back a great return on your investment.

There is no time like the present to get out there and explore your options in mobile home park ownership. Visit parks that are already functioning well. This will give you an idea of the goal mark to reach when purchasing ones that need a little extra TLC.

Dollar-for-dollar, mobile home parks are one of the easiest real estate housing markets to invest in, offering quick and steady returns. This is an option you should fully explore if you like the idea of a more hands-off approach to tenancy and property upkeep.

The post On-Trend Investing: Affordable Housing appeared first on RealtyeVest Crowdfunding News.

6 Reasons for a Passive Real Estate Investment

1. AVOID INFLATION

Inflation and Appreciation

Cash is considered by many experts in the field to be the safest asset. Your earnings won’t lose value if it’s in a safety deposit box at your local bank, or hidden under a mattress. However, your capital actually does lose value each year, particularly if you don’t invest it. It’s the result of this perpetual issue called inflation. Average annualized inflation for 2016 was 1.3%. Meaning, if you sat on your cash that whole time its purchasing power would decline by that amount each year. This is one reason why people choose to invest in the first place.


Average annualized inflation for 2016 was 1.3%


2. ACTIVE INVESTING VS. PASSIVE INVESTING

There are many ways to choose a real estate investment and they generally can be divided into two categories: active or passive.

Active Investing

An example of active investing is the buying of real estate properties, fixing them up and selling them, or acquiring apartment buildings and managing the tenants. While this strategy can be lucrative, it can also be time and labor intensive. Many potential investors are ill-equipped, or simply do not want to take on these burdens. This is where choosing a passive real estate investment comes in.

Real estate property values tend to increase, which allows owners to increase the rent for their buildings. This protects investors against inflation.

Passive Investing

With passive investing, rather than purchasing a property that needs a lot of work, you provide the funding for real estate companies to purchase larger commercial properties for which they maintain. Crowdfunding allows various ways for you to invest in real estate on a passive basis. You can contribute to a loan, which entitles you to a fixed, regular interest payment. Or, you can provide the equity to own a small piece of the investment.

3. THE REAL ESTATE MARKET

Real estate accounts for a substantial part of wealth creation in the world.  It encompasses a wide array of property types, including apartment buildings, office buildings, the strip mall that houses your favorite restaurant and the hotel you frequent on the Florida coast. Real estate has long been a means by which some investors have generated cash flow and built value for the future. Thanks to changes in the regulatory landscape and the emergence of crowdfunding, passive real estate investments are now more accessible than ever before.

Become a Passive Investor

Signup and view our real estate investment marketplace!

Diversification

Many investors allocate their money across a number of different asset classes including cash, stocks and bonds. Some of those monies could be very liquid, like cash and stocks, while others are less liquid, such as investments in private funds. Adding real estate can further diversify your investment portfolio. The benefit of diversification is that you don’t have all of your eggs in one basket.

diversifying your real investment portfolio

Spread your investments across multiple real estate industries

4. DETERMINING THE RIGHT INVESTMENT TYPE

Determine the type of investment that is right for you by understanding your investment horizon and your risk aversion.

Timing

If you are considering investing in real estate, you need to be comfortable with the investment horizons. This is the length of time that an investor expects to hold a security or a portfolio. While stocks and other exchange-traded instruments are generally viewed to be liquid and can be exited at any time, private real estate investments are illiquid. This means the asset cannot easily be sold or exchanged for cash without a substantial loss in value. Most RealtyeVest investments are estimated to last two years.

Risk – Debt vs Equity

Like with the time horizon of an investment, you need to understand and be comfortable with the risks of the investment. There are two main types of real estate crowdfunding investing: debt and equity.

Debt: When making a debt real estate investment, the investor is in the position of a lender. Investors receive a fixed rate of return that is determined by the interest rate on the loan, which is secured by the property itself. Debt investments place the investor at the bottom of the capital stack, which gives the investor priority when claiming a payout from the property.


Some Other Risks: 1.) Vacancies  2.) Unexpected Maintenance  3.) Decline in Property Values


Equity: In terms of investments, equity is the appreciation of the value of a property over a given period of time. In some cases, the investor participates in this increased value. An equity investment generally does not have any collateral, such as with a secured loan, and therefore pays a higher rate of return.

Become a Passive Investor

Signup and view our real estate investment marketplace!

5. REDUCING RISK WHEN INVESTING IN REAL ESTATE

Beware of Too Much Leverage

One of the most important metrics in real estate investing is the loan-to-value ratio (LTV). Banks typically will not loan more than 80% of the value on a residential home. In the event home prices drop, maintaining a limit on LTV gives lenders a cushion if they need to foreclose on a property. Look to invest with sponsors who have enough invested in their own deals to weather unforeseen changes in the economy or in the property that would cause the property to drop in value. To help keep our member’s investments secure, RealtyeVest.com does not support any investments with a LTV greater than 75% on its platform.

Check on Reputations

As mentioned earlier, you want to be comfortable with the investment. Look for information about the sponsor’s (aka real estate developer/entrepreneur) background and previous projects. Check the property types, the history and successes of their current portfolio and make sure that they have been fully vetted for any legal issues.

Seek Diversification

Investors tend to appropriate their capital across many different asset classes including cash, stocks and bonds. Some of this capital could be liquid, such as cash and/or stocks, while others are less liquid, such as private fund investments. Adding real estate might further diversify your investment portfolio.

6. THE BENEFITS OF PASSIVE INVESTING

when to invest in real estate

How to start investing in real estate

With passive investing, nearly all the administrative functions are handled by other people. Unlike active investing — where you must find investment properties, monitor the property and deal with tenants, toilets and trash — the passive investor works with a partner and allows them to do the dirty work. While there is a fee for this service, there is also a promise that you will never get a broken toilet call at 3 a.m.

Additionally, due to crowdfunding, individual, smaller investors can now participate in much larger passive commercial investments, so your $10,000 investment could conceivably contribute to the acquisition of a $20 million building.

If you’re interested in passive real estate investing, the first step is to find the right partner. At RealtyeVest, we offer access to pre-vetted real estate investments. We conduct the due diligence on hundreds of properties and focus that energy by closely examining investments that have already been reviewed by our active real estate investors or sponsors. We also give you access to a personal investor dashboard so you can watch how your money grows.

With RealtyeVest, you have the resources, guidance and opportunity to become more invested in the real estate market. Now, you can take control and become a real estate investor!

The post 6 Reasons for a Passive Real Estate Investment appeared first on RealtyeVest Crowdfunding News.

Why Assisted Living Is the New Investment Opportunity of 2017

IHT Realty Crowdfunding has rebranded itself as RealtyeVest.

Assisted living has recently become a desirable asset for many new and experienced investors.

With waves of Baby Boomers reaching retirement, assisted living is rapidly moving into the spotlight of real estate investing.

It’s no surprise that the target demographic for the business platform has grown exponentially, with more than 10,000 Baby Boomers hitting 65 every day until 2030, according to a study by The Pew Research Center.

The study found that 76 million people were born in the U.S. between 1946 and 1964. If you factor in the influx of immigrants and the amount of people who passed away during that same period, there are about 79.6 million seniors in the United States. If you divide that number by 19 years and then again by 365 days, you’ll find there are about 11,476 Boomers turning 65 each day.

All the same, over the next 20 years, the amount of seniors moving into assisted living homes is projected to rise. This is expected to increase demand for assisted living services and facilities, and provide an exciting opportunity for entrepreneurs and on-trend investors.

In a blog post on Tony Robbins’ website, Ajay Gupta, Robbins’ personal advisor, lists senior housing as the No.2 safest place to invest right now — “meaning they’re not as susceptible to the fluctuations in economic conditions,” Gupta said.

“We are currently facing the largest demographic shift we’ve ever seen — a tidal wave of demographic inevitability as Baby Boomers reach their Golden Years,” the article said.

Today, there are 45 million Americans that are 65 years or older  — a number that is projected to grow to 80 million over the next 25 years.  And with life expectancy continuing to increase, seniors will have to decide where to spend their remaining twenty or more years.

“It doesn’t matter if interest rates go up or down, it doesn’t matter who the President of the United States is, or what is happening in China or Greece; every single day, 12,000 Americans are turning 65 years old,” Gupta said. So, if you can own real estate that is catering towards this demographic, you are almost guaranteed (high) occupancy over the next 25 years.”

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

The post Why Assisted Living Is the New Investment Opportunity of 2017 appeared first on RealtyeVest Crowdfunding News.

IHT Realty: One Man’s Plan to Grow Affordable Housing by Crowdfunding

IHT Realty Crowdfunding has rebranded itself as RealtyeVest.

JACKSONVILLE, Fla., March 21, 2017 — Park Place Communities (PPC) is taking a major step toward growing the stock of affordable homes in the United States.

PPC, a national real estate investment company that specializes in affordable housing, is seeking $1 million in capital to facilitate a large-scale affordable home project.

The company plans to take existing mobile homes, renovate them and sell them to qualified buyers using five-year amortized mortgages. The buyer will make monthly payments for five years at 12 percent.

“This allows buyers to purchase the mobile home for about the same monthly cost of renting,” said CEO Andrew Lanoie of Park Place Communities.

IHT Realty Crowdfunding, a real estate company that helps sponsors raise capital for their acquisitions, will be assisting PPC in securing funds as it looks to expand its operations and acquire an additional 15,000 to 20,000 mobile homes over the next few years.

“There is a huge demand for affordable housing right now and there are not enough parks to fill that void,” Lanoie said. Right now, there are roughly 50,000 affordable housing parks in the United States.

And with housing costs projected to rise by 5.4 percent from July 2016 to July 2017 — according to a study by CoreLogic Home Price Index — mobile homes are becoming a practical alternative.

“As the wage gap in the United States widens, there has been a shift towards lower paying jobs, which leads to an increase in demand for affordable housing,” Lanoie said.

According to the most recent report by the Social Security Administration, 36 percent of U.S. wage earners make less than $20,000 per year and 50 percent earn less than $30,000 per year.

“With 10,000 Baby Boomers retiring every day, 47 percent of which don’t have any retirement savings,  affordable houses are their last opportunity of home ownership,” said CEO Dan Summers of IHT Realty Crowdfunding.

PPC, a national Top 100 owner-operator of mobile home parks, currently owns 13 affordable housing parks in eight states with nearly 1,000 total homepads.

The company is looking for a $1 million mortgage pool to issue fixed-rate mortgages to buyers. It is offering a debt investment opportunity secured by a first lien, which is also backed by a corporate guarantee with a 10 percent interest rate paid to investors.

The first step will be to renovate more than 125 units, Lanoie said.

Contrary to popular belief, mobile homes are not really mobile. It costs over $3,000 for a resident to move their home out of a park, Lanoie said, which is the reason 98 percent of mobile homes will remain in the same location.

“Mobile home parks are one of the most stable and predictable investments during a recession and recovery,” Lanoie said.

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

The post IHT Realty: One Man’s Plan to Grow Affordable Housing by Crowdfunding appeared first on RealtyeVest Crowdfunding News.

IHT Realty Seeks Crowdfunding for Jacksonville Multifamily Deal

IHT Realty Crowdfunding has rebranded itself as RealtyeVest.

JACKSONVILLE, Fla., March 10, 2017  — IHT Realty Crowdfunding announced on Thursday a new program that will offer investors a guaranteed six-month return regardless of how early the property sells.

This new program comes following the company’s latest investment offering of a duplex property at 3730 Lehigh Street. The investment is being sponsored by Lenger Financial, Inc., which seeks to raise $80,000 in funds for renovations to the Brentwood property.

Lenger Financial is a Jacksonville-based capital management firm that specializes in asset management, investment advisement and financial architecture. The firm’s primary real estate focus areas include single- family, mid-to-small multifamily, manufactured homes and boutique structure ventures.

Built in 1944, the two-story brick building sits on a quarter-acre lot and includes two bedrooms and one bathroom per unit, which equates to about 900-square-feet per apartment. The building is structurally sound and includes a newly installed roof.

Additional upgrades and projected renovations include a new HVAC system with ducting, new flooring, an updated kitchen and new appliances, a new fire escape and entrance stairway, exterior painting, as well as landscaping and fencing.

Lenger Financial is offering a strong debt coverage ratio of 1.28 with an excellent after repair value (ARV) of 74 percent. The sponsor is projecting a gross annual income of $15,590 and a projected net operating income of $10,443.

RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.

Jacksonville is listed No.1 in Trulia’s “10 Hottest Real Estate Markets to Watch in 2017” due to its growing job market. Jacksonville posted a 3.8 percent job growth in 2016, making it one of the top markets for employment in Florida. Trulia noted a heavy influx of citizens contributing to the city’s very high ratio of inbound home searches versus outbound searches from locals wanting to leave. These factors show a trend toward long-term stability in addition to great schools, fantastic weather and a close proximity to the Atlantic Ocean.

The post IHT Realty Seeks Crowdfunding for Jacksonville Multifamily Deal appeared first on RealtyeVest Crowdfunding News.