North Dallas Foreclosure - Midcentury Modern (somewhat) Less Than $200K

Bank-owned home in need of repair surrounded by upper end homes in prestigious north west Dallas. Needs cosmetics, pool repair and a heapin helping of creativity!





Listing courtesy of Tom Stites, Coldwell Banker Residential.

Historic Swiss Avenue Manse For Only $468K

This historic Swiss Avenue mansion was built in 1920 and boasts over 4400'. Homes on this part of Swiss Avenue run from the high $700s to $1M plus. It needs some work. Video one of four detailing this Swiss Avenue home and neighborhood. Courtesy of Lisa Robinson, Prudential Real Estate.

Who's Buying Now? Cash Buyers.

By Troy Corman, todayshomedeals.com

"Be fearful when others are greedy, and greedy when others are fearful". This simple mantra was uttered by arguably the greatest investor of all time, Warren Buffett. Like so many things that sound so simple, it's execution is anything but... simple. Human nature tells us to freeze when things are uncertain or dangerous and to plunge ahead when the skies are sunny. This is precisely why the majority of investors buy stocks in bull markets at their highs and sell at the bottom.

Harry Dent, author of The Great Depression Ahead says we're about to embark on the greatest investing opportunity in our lifetime. Mortgage rates are at historical lows, foreclosures and distressed real estate sales make up more than a third of the market. And if the market gets even worse, good deals will turn into great deals. Also, by paying with cash, some home buyers have turned good deals into great deals. Banks that have a huge supply of foreclosures sometimes opt to take the done deal for less money, rather than risk their time with a borrower unable to secure financing in today's tighter lending environment. In fact, 3 out of every 10 homes sold nationwide are now purchased with cash.

Rental real estate is my investment vehicle of choice because I think it's much more predictable than sticking your money in the market, offers higher returns than than sticking it in the bank, AND if offers unparalleled tax deductions.

How does one make money from rental real estate?

1. Cash flow - monthly rental income exceeds ALL of the monthly costs ($100-300+ a month).

2. Property appreciation and equity capture - meaning you're buying the property for less than it's worth - and it should appreciate while you own it - so you'll hopefully realize a large capital gain when you sell.

3. Then of course, there's the gravy - the terrific tax deductions like deducting the mortgage interest, property taxes, insurance costs, repairs, and depreciation from your federal tax return. In Texas, a home worth around $100K with the building itself worth $80K would result in a tax deduction of about $10,000 annually. Owning 10 of those homes would result in $100K worth of deductions a year. Plus, you'll only pay capital gains on the sale if you hold it for a year, currently 15%, although Dems are trying to increase it.

Those that take action get results. To get started and to get some free information on Dallas real estate investing, contact Troy Corman with t2realestate at 214.690.9682.