Category Archives: Ocala Investment Properties

OCALA CONDO CLOSE TO HOSPITALS

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com

3031 Se 5 Ter, OCALA, FL 34471

CONDO CLOSE TO HOSPITALS

2 bedroom 1 bath condo located in SE Ocala. This condo has a large living area, open kitchen, large bedrooms, open patio for grilling. Close to shopping and transit system. $45,000

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

5 Ways to Find Your Home During an Inventory Shortage

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com

Ocala’ Market is very hot again!! Read this great article from professrbarron.com

The news is out. Real estate is back. Home buyers are in the game again, but they’re facing a huge inventory shortage in most markets. Some buyers make three of four offers on homes, only to keep losing out to other buyers.

In this tight market, buyers and real estate agents need to think outside the box. You may need to go after homes that aren’t listed for sale. Here are five ways to do that.

1. Look for ‘expired’ and ‘withdrawn’ listings

A good agent will scour the MLS for homes that were listed in the recent past but never sold. Many homes failed to sell because they were seen as overpriced at the time. Does their last list price seem like a valid price today? Chances are, the owner doesn’t realize how much the market has picked up and might still be open to selling the home. Have your agent contact the owner with a letter expressing your interest in purchasing the property. Show the owner you’re serious, and you’ll likely get a response.

2. Search for Make Me Move® prices

Do you feel like cattle being herded through a busy open house with dozens of other buyers? Scouring the Zillow app while on the Sunday open house circuit? You might want to filter listings by searching for homes with a Make Me Move price in the neighborhoods where you want to own.

Owners who have set a Make Me Move price have gone out of their way to indicate a price that would make them sell. Some would-be sellers are unrealistic in their pricing. But others may have listed their property months or years ago, and their price may in fact be doable. Reach out to them with an offer. It often works.

3. Check rental listings

Why would a buyer go after rental listings? Here’s why: The owner may have lived in the home at some point but had to move for a job transfer, divorce or life change. At that time, their home could have beenunderwater or the market simply wouldn’t support the asking price. Instead of listing it with an agent, they just decided to rent it and “ride it out” for a couple of years. Their current tenant might have given notice and, without knowledge of the changing market, the owner simply wants to rent it again. Go see the home. If you like it, find out if the owner would be open to selling. Make it easy, and they may be on board.

4. Don’t ignore overpriced listings

The No. 1 complaint among real estate agents everywhere is working with a seller who’s unrealistic about their home’s price, especially in this tight market. But as a buyer, you might use it to your advantage.

After six weeks or less in some markets, an overpriced home loses its luster. The seller doesn’t clean as often. Weeds grow in front. And it just may not show as well. The fading curb appeal, along with an unrealistic price, will keep buyers away.

How is this good for the buyer? Many sellers won’t list their home at a lower price but will sell it at a lower price. Go in with an offer before the first price reduction, if possible. Once they do drop the price, other buyers will take notice again, and you may have competition.

5. Off-market or pocket listings

Some homeowners want to sell but don’t want to or can’t list. Maybe they simply don’t want the hassle of keeping a clean home and dealing with showings. Or perhaps they’re just very private. Especially in the luxury market, some owners just don’t want to publicly list their homes.

In many markets, real estate agents regularly network with each other about potential deals. Some areas have dedicated websites for agents to share off-market properties, also known as “pocket” listings. Also, brokerage firms generally release upcoming listings to their agents a few weeks before they hit the MLS. Work with a well-connected agent and make sure you’re privy to these potential opportunities.

Think outside the box

Most active buyers spend months looking for a home the traditional way. Until prices rise enough to bring more sellers and inventory into the market, these buyers will likely keep facing tight housing inventory. That’s why it’s important to make sure your agent is trying every way possible to uncover opportunities for you. Be open to using non-traditional methods to beat the competition and take advantage of low interest rates and favorable pricing.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

Ocala Investor’s |What’s the Best Way to Earn Wealth in Real Estate?

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
www.BucknerHomes.com
Ocala is a great market for the real estate investor, Here is some great words of the wise as written by Profressorbarron.com

The prospect of buying inexpensive properties, making cosmetic improvements and flipping those homes back onto the market for a hefty profit causes many people to ponder becomingreal estate investors.

And while a fraction of those who take this approach are successful, most of them have worked for other people to learn the business, have extensive experience in real estate and contracting and/or have the resources to support themselves — and cover some losses — so they can focus on flipping homes full time for a few years to get started.

For everyone else, the best way to make money in real estate is to focus on the long haul: Buy cash-flow positive properties, do due diligence before buying and keep tenants for a long time.

Learning as you go

Buying rental properties for long-term hold is likely to be a successful way to earn money in real estate. But it isn’t easy; in fact it’s a lot of hard work. Most rental property owners have horror stories of lessons learned from losing money and the hassles they’ve experienced on rental properties. But they learn as time goes on, and they start to earn consistent income. And once they do, they laugh about the past and most of them would swear they’d do the same thing over again.

Wise investing

If you make smart real estate purchase decisions and buy decent properties that are cash-flow positive, put money into improving those properties, select good tenants and work hard to keep those tenants, then you can earn a nice retirement “pension” plan.

Beware that buying decent properties is no easy task: The education is formidable, and you will feel some pain over time as mistakes you make come to light. But it can be a great long-term wealth building tool if you’re patient and stick with it.

For most people, building real estate wealth simply takes time.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

Ready TO Buy in Ocala? | 30-Year Fixed Mortgage Rates Down Slightly

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637
Here is Zillows latest update on 30 year fixed mortgage rates

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.4 percent, down from 3.46 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.42 and 3.47 percent for the majority of the week, dropping to the current rate this morning.

“After remaining steady for the past week, rates moved slightly lower yesterday after Italian election results renewed concerns about Eurozone economic stability,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This coming week, rate movement will depend on sequester discussions in the United States and perceived political tensions in Italy and elsewhere in the European Union.”

Additionally, the 15-year fixed mortgage rate this morning was 2.64 percent, and for 5/1 ARMs, the rate was 2.27 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage ratesfor your state.

02-26-13 955AM*The weekly rate chart illustrates the average 30-year fixed interest in six-hour intervals.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.

Just call and say Help Help me Rhonda 352-266-2637

Ocala Real Estate Investors | Are You Ready to Be a Landlord?

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637

With such great deals out there in the Ocala real estate market, I thought this was a very timely article recently published by Leonard Baron.

The buying of property

If you want to be successful in your real estate ownership, you have to understand that real estate is just like any other job: The more you put into it, the more you get out of it. And it starts with buying decent quality, cash-flow positive properties located in low vacancy and fair credit quality areas.

But experienced investors know that buying a good property is actually a lot tougher than you might think.

Anyone can go out and buy property X, Y or Z, but will that property produce sufficient income and investment returns for the risk and hassle you are taking on as the owner? About 75 percent of real estate investors really do not make very much money on their acquisitions. Bad tenants, renovations gone astray, poor cash flows and HOA issues can all make an owner wish they had left their money in the bank.

So ask yourself: Am I willing to spend the next six to 12 months, every weekend, driving neighborhoods, touring open houses, learning about property management, penciling out real estate deals, making offers on properties, then going through the escrow and due diligence process to take ownership of a good quality property?

If you’re not willing to do the time-consuming work to find those diamonds in the rough, you probably will lose money on your purchase and should just avoid becoming a landlord in the first place.

Owning and managing your property

Task No. 2 is the owning, leasing and management of the property. Again, many people think this is easy, that properties rent themselves and that all tenants pay on time and never cause any hassles. Good luck finding someone who actually owns rental properties and will opine that as a fact!

All real estate comes with potential issues such as floods, overflowing toilets, broken appliances, etc., and you, the owner, have to deal with those problems. Tenant relations can also be a real challenge. (Secret hint: Smart landlords know that if you treat your tenants well, hopefully they will return the favor and your life will be easier and your ownership will be a lot more successful.)

You also have to record all the rents, hire contractors and maintenance people, advertise and lease the property, pay bills and file your taxes. So there is a lot more to it than you think.

Now, ask yourself again: Do I want to deal with all those issues? You could just leave your money in a mutual fund and probably do just as well.

If you do want to take on the challenge, you should have a long-term ownership agenda and a desire to learn about investing in real estate. Just about anyone can pick up five to seven properties in the next two to three decades and probably retire comfortably just about 30 years from today. But is it the right “job” for you?

So, last chance: Are you ready to be a landlord?

I have helped many investors for the past 20 years find the perfect opportunity in real estate. Just call and say Help Help me Rhonda 352-266-2637 or visit BucknerHomes.com

Fla.’s housing market continues positive track in Dec. 2012

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637

Great things are happening according to Florida Realtors enjoy

ORLANDO, Fla. – Jan. 22, 2013 – Florida’s housing market had more closed sales, higher pending sales, higher median prices and a reduced inventory of homes for sale in December, according to the latest housing data released by Florida Realtors®.

“Florida is an international destination: Owning a home here appeals to people of all ages from all over the world,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “Realtors from across the state are reporting increases in home sales and median prices. As a result of rising demand from investors and other buyers, there’s a shortage of inventory in many markets, and it’s putting pressure on prices.”

Statewide closed sales of existing single-family homes totaled 18,031 in December, up 15.8 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. Closed sales typically occur 30 to 90 days after sales contracts are written.

Meanwhile, pending sales – contracts that are signed but not yet completed or closed – for existing single-family homes last month rose 39.7 percent over the previous December. The statewide median sales price for single-family existing homes last month was $154,000, up 14.1 percent from the previous year.

I feel this is great news for both buyers and sellers here in Florida

December marks the 12th consecutive month of higher statewide median sales prices for both single-family homes and for townhouse-condo units year-to-year, according to Florida Realtors’ data.

The inventory for single-family homes stood at a 5.5-months’ supply in December; inventory for townhouse-condos was at a 6-months’ supply, according to Florida Realtors.

“The market continues to improve, and it’s doing so in all parts of the state,” said Florida Realtors Chief Economist Dr. John Tuccillo. “Of note is the fact that inventory levels are now clearly consistent with a sellers’ market. When the final year-end statistics are compiled, expect that sales in 2012 will be more than 10 percent higher than they were in 2011. Once again, all the positive indicators are up significantly. The Florida real estate market is rapidly improving.”

The interest rate for a 30-year fixed-rate mortgage averaged 3.35 percent in December 2012, down from the 3.96 percent averaged during the same month a year earlier, according to Freddie Mac.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.
Just call and say Help Help me Rhonda 352-266-2637

Want to be a rental property owner? I have some good and bad news for you.

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637

Want to be a rental property owner? I have some good and bad news for you.

There are several tremendous opportunities out on the market right now own rental property, Investors need to realize all that they are getting into.

The bad news is that contrary to all the TV shows about flipping houses and people making money, or turn-key hassle-free rental properties, real estate is actually really hard work, it’s time-consuming, and it is a pretty risky place to invest your money.

I would like to share this by professorbaron.com

The good news is that most people, with hard work and determination, can earn a fairly substantial amount of wealth over their lifetime if they educate themselves and make better decisions when purchasing property.
Long-term ownership is the key to real estate wealth. If you buy decent properties and hold them forever, that’s going to provide the highest likelihood that your real estate will have significant equity down the road.

Think Long Term (Skip Get-Rich-Quick Schemes)

Long-term ownership is the key to real estate wealth. If you buy decent properties and hold them forever, that’s going to provide the highest likelihood that your real estate will have significant equity down the road.

Also, if it sounds too good to be true, it always is — especially in real estate. Drop the idea that there is fast and easy money to be made in real estate. It’s just not true. Sometimes people get lucky, but you don’t have to worry because that “lucky” person will never end up being you.

Cash Flow Positive Properties

A significant portion of investors buy properties that are cash-flow negative or have very low investment returns. That means the buyer puts in their equity cash capital when they purchased the property, and they are still investing additional funds each month, which could go on for decades depending on how bad of a deal they purchased.

The better way to invest is to buy properties where the rents minus all the expenses, including the mortgage payment, provide positive cash flow that you can deposit in the bank. So if you collect $1,200 in monthly rent, then subtract expenses of ($400) and a mortgage of ($500) you will have $300 per month left over. Nice job!

Simple Analysis Tool – The 1% Rule

A simple way to do a quick analysis is to take the conservatively estimated monthly rental income and divide it by the purchase price of the house. You still need to pencil out your deal with rents and actual conservatively estimated expenses, but this back-of-the-napkin test is a quick and easy test to see if it makes sense.

• Example of a good deal: If you can collect $1,600 per month in rent and you paid $200,000 for the property, you are collecting rent that is .8% of the purchase price (.8% = 80 basis points in financial terms). And that’s probably a really fair deal.
• Example of a bad deal: If you can collect $1,600 per month in rent and you paid $400,000 for the property, you are collecting rent that is .4% of the purchase price, or 40 basis points. And that’s not a really good deal.

Find Good Quality Properties

Smarter investors work hard up front to find the good areas where the rents provide a nice positive cash flow and investment returns, low crime rates, better schools, and decent amenities nearby like parks or retail. Coupled with good tenants who have excellent credit, you also create low vacancy rates.

Smart investors also buy properties that are in decent shape, although every property needs paint, carpeting and some plumbing and electrical work from time to time. Do that hard work upfront and spend the money to put your properties in very good shape, you’ll get a little more rent and probably have a bigger pool of interested tenants from whom you can then choose.

Lastly, do your homework, talk to other investors, read guides and books, shop properties, pencil out deals and have a long term ownership plan. Hopefully it will translate into a nice cash flow retirement picture.

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.
Just call and say Help Help me Rhonda 352-266-2637

Great investment property

Rhonda Buckner with Buckner Homes Realty
3200 SE 20 Ave. Ocala, Florida 34471
352-266-2637

Check out This Great Opportunity!

Real Estate for Sale, ListingId:21141951, location: 3834 SW 137 PL Ocala 34473

Great investment property. Home … is close to the entrance of Marion Oaks & features a split bedroom floor plan, & a privacy fenced back yard.
MLS# 380820

Give Rhonda a call to help you find that perfect home and to discuss the options that buyers have. As always you can search for homes in Florida at www.BucknerHomes.com . I am always here to help you.
Just call and say Help Help me Rhonda 352-266-2637