Updated July 27, 2024. My family has been living in Colombia, South America for eight years. In October 2016 we visited Medellín, Colombia. I have to say, without a doubt, that Medellín is one of the most gorgeous places I have ever visited. I would go so far as to say that your best destination in South America is beautiful Medellín. In fact, I would actually put Medellín on the short list of places to live in the future.
I know that many of my friends are from the USA. So, when you hear the word Medellín you might immediately think of a dangerous city, cocaine and the Pablo Escobar drug wars of the 1980’s and 90’s and probably you think to yourself, “Why on Earth would anyone be crazy enough to go there?” So let me tell you a secret that many people don’t know.
Experience ‘The City of Eternal Spring’
I honestly believe that your best destination in South America is beautiful Medellín. Below are several great reasons why you should experience ‘The City of Eternal Spring’ at least once in your lifetime.
Top Five City In The World To Visit
In 2022, Medellín has been named by Time Out as one of the top five cities in the world to visit.
Business Owners Working Together
The business owners of Medellín have been very resilient and worked together to move the city forward and create a conducive environment for entrepreneurship and it shows. The government has leant a very heavy hand to see that entrepreneurs, startups, and existing businesses alike are well funded and well facilitated.
Experience The Best Year Round Weather
The nickname of ‘The City of Eternal Spring’ is unexpectedly accurate. The average year-round temperatures of around 22°C (72°F) and daily highs of approximately 30°C (86°F), meaning that the climate is about as good as it gets. Needless to say, it does rain a fair amount because Medellín is in a tropical country, but it rarely gets cold. If you like the spring, you will probably think you’ve gone to heaven.
Beautiful Views & Stunning Landscapes
Medellín is surrounded by natural beauty. The city is located in a bowl in the Andes mountains, meaning that wherever you go in the city you are basically guaranteed a view of mountains and stunning landscapes. In addition, the city itself is home to some lovely parks and gardens and miles of hiking trails. Medellin is an innovative urban space combining home with beautiful nature at the same time. I truly believe that the best destination in South America is beautiful Medellín!
Incredibly Welcoming People
The people are incredibly welcoming and the pleasant atmosphere is contagious. In Medellín, people smile on the street and you get the sense that people are genuinely very happy to see you there and even strike up a random conversations (whether your speak Spanish or not).
The Coffee Is Delicious
Great coffee. If you love coffee you have come to the right place. I was never a coffee drinker, but after moving to Colombia I have fallen in love with the 100% Colombian Vanilla Cappuccino. What’s more, Colombia is the third largest producer of coffee in the world. It seems that the Colombian coffee region is blessed with an optimal altitude and climate, a hand-picked harvesting process perfected over generations, and some of the finest Arabica beans in the world.
Excellent Food & Restaurants
Wonderful food and exotic fruits. As many of you know, I love food and the food here is delicious. You can enjoy grilled meats, fish, seafood, and amazing vegetables. Colombian food is a mix of the regions within Colombia. Consequently, the Colombian cruisine has its roots in the country’s indigenous people, as well as in the Spanish and African cultures that were brought over by colonialism. Over time, these influences have blended together to create a unique and flavorful cuisine that is loved by locals and visitors alike. What’s more, the two best Medellín neighborhoods of El Poblado and Laureles are full of excellent restaurants.
Medellín at Night. Photo credit: Unsplash.
Innovative Transportation
The transportation in Medellín is innovative and has an extensive public transport network which includes the Medellín Metro and the Metrocable cable car system. It probably helps that Bogota (the capital of Colombia and a real rival of Medellín) doesn’t have a metro system yet. For this reason, it just seems that Medellín is very well organized in the big things as well as the small things.
Awesome Exchange Rate For The US Dollar
USA dollars go a long way due to the conversion rate. Traveling and living in Colombia is inexpensive. Forget about the high cost of healthcare, housing, and food that everyone takes for granted in the USA. For instance, a visit to the doctor here would cost you $50,000 COP (Colombian Peso) or around $10 USD.
The Lifestyle For The Price Is Hard To Beat
Medellín is great value for money. In addition, it also helps that many of the most popular tourist attractions, such as Parque Botero, the Botanical Gardens and the Metrocable, are either free or very cheap. To give you an idea, a 3-week trip to Medellín would cost you somewhere in the ballpark between $1,000 to $3,000 USD depending on your taste and amenities. This includes transportation between destinations, entry fees, accommodations, and meals. You asked about the lifestyle of Medellín? Unquestionably, in Medellín you enjoy a good quality of life at a great cost of living.
I genuinely believe that the best destination in South America is beautiful Medellín!
Check Out The Two Great Blogs Below:
Become A High Net Worth Individual
I would like to share with you one of the people that I have been following now for a few years. His name is Andrew Hendersen and he is the founder of Nomad Capitalist. After many years of experience as a global businessman, Andrew offers his expert advice to successful entrepreneurs and investors on ways to reduce their tax bill, grow wealth overseas, and become global citizens. Hence, he believes that the world has changed forever and says it’s time for you to “go where you’re treated best.” Please check out the YouTube video How To Become an Ultra High-Net Worth Individual.
Best Real Estate Strategies To Make 7 Figures
As many of you know, my passion is real estate investment. 90% of all millionaires did it through owning real estate. The goal and dream for many real estate investors is to earn $1 million dollars a year. Your goal: find the best real estate strategies to make 7 figures. The question is: is this possible?
I can tell you without a doubt, that it is possible, and I have seen people do it. For example, Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate. As a result, I can saw that real estate is one of the best ways to seek wealth through investing and achieve financial freedom. Please read about the details in my blog: Best Real Estate Strategies To Make 7 Figures. Most importantly, always remember that you are just one deal away!
Verses For Wisdom & Guidance
Psalm 128:2 NLT. 2 You will enjoy the fruit of your labor. How joyful and prosperous you will be!
Matthew 7:8 NLT. For everyone who asks, receives. Everyone who seeks, finds. And everyone who knocks, the door will be opened.
Have a great day!
Last Updated on July 27, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Updated July 27, 2024. Choosing the right real estate software for investors and also for wholesalers is crucial when finding motivated sellers and then analyzing the data. Unquestionably, the best real estate software can help you meet your goal as you grow your business. In this guide, we ranked and reviewed the 5+ best real estate investment software for 2022, along with our top 3 choices, so that you can pick the best one for you.
This is the best solution with everything you will possibly need. PropStream is the most trusted provider of real estate data nationwide. Thus, with PropStream, you can quickly research and evaluate properties, both on and off market, to determine if they meet your investment goals.
Overall, Zillow’s platform is totally free and is one of the most popular for real estate investors. Also, this platform allows you access to the MLS without getting a real estate license. In addition, you can find distressed properties on Zillow search for “pre-foreclosures” filter by searching under the “potential listings” heading.
PropStream is the most trusted provider of real estate data nationwide. Find motivated sellers, find cash buyers, compare comps, and much more with our easy and accurate filtering systems. Likewise, you will already be using the best software so you won’t need to switch platforms later.
DealMachine is the way to go if you drive for dollars. This is the most direct approach to finding wholesale properties than simply sending out emails to inboxes or letters in the mail. Our driving for dollars app helps you organize your team by showing driving routes on everyone’s map so you get more deals done in less time.
As you scale your business with your team, PropStream is the best solution with everything you need as you grow your business. As a result, you can target motivated sellers, find cash buyers, compare comps, and much more with its easy and accurate filtering systems.
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In essence, having the right software is extremely necessary if you are thinking about starting a real estate business or you already have a real estate business. As a result, the real estate software for wholesale investors will quietly and conveniently allow you to make intelligent investment decisions. Therefore, choosing the right real estate software for investors is absolutely crucial when finding and then analyzing properties.
At the moment there are more than 20 different software options available. For this reason, we want to make this decision easier by showcasing the best real estate software so you can find the right solution for your business.
In this guide, we ranked and reviewed the 5+ best real estate investment software platforms, along with our top 3 choices, so that you can pick the best one for you.
Let’s face it – with so many options on the market, there will only be a few left standing in the end, so you want to make sure you pick the winner.
Why should you trust these reviews?
I have more than 20 years of investment experience in real estate. As a result, a vast part of my expertise is in analyzing real estate investments and wholesaling residential properties:
Managed my real estate business by putting residential houses and lots under contract. These properties were wholesaled or renovated and sold to other end buyers making over $100,000 USD year after year.
Supervised the day-to-day operations of a residential real estate acquisition and renovation company that focused on fix and flip properties.
From past residential real estate experience, can implement the specifics in how to get properties completely rehabbed and ready for the market.
Management of many types of rehabs. Personally rehabbed anything from light to average, to heavy rehabs of more than $100,000.
Time and time again, I have successfully used the 70% of the ARV rule for a worthwhile return on real estate investments.
Understand the necessity of finding and quickly analyzing property data to save wasted time and consistently have projects that will be profitable.
In the same way, these reviews are ranked based on features, price, product options, control panel experience, technical support, reliability, scalability, and more.
For this reason, we ranked and reviewed the 5+ best real estate investment software platforms for 2022, along with our top 3 choices, so that you can pick the best one for you.
We will also compare and review things like:
all-in-one platform
platform with the best design and interface
reduction of time consuming tasks to find and analyze leads
top free and low price options
best choice for small businesses
cutting-edge CRM capabilities
real estate automation for marketing
mobile capability
What Are The Best Real Estate Software Platforms?
Real estate software, especially for wholesale investors, are robust, full-featured tools to help you make decisions faster.
Basically, real estate wholesaling is one of the easiest ways to get into the world of real estate investing. In short, it doesn’t require a ton of experience or capital, and you can bring in nice profits without risking your own money.
When choosing from the best options, there are many considerations, and each software platform provides different features.
For example, your needs will be different if you’re analyzing multiple properties or land at the same time.
On the other hand, you may want to focus on getting into your car and driving for dollars rather than analyzing houses and land remotely.
For this reason, real estate software platforms should ultimately allow you to find properties, analyze data, offer skip tracing, make offers, and have systems in place to organize marketing campaigns.
Furthermore, they should also help a wholesaler or house-flipping expert to easily run comps to determine profitability so that you can focus your attention on running your business.
In this guide, we ranked and reviewed the 5+ best real estate investment software platforms.
Here are my picks for the best real estate software platforms to try this year:
1. Zillow.
Zillow is totally free and is one of the most popular platforms for real estate investors ($0 per month).
Financial Goodness’ Take
Zillow is my #1 recommendation for starting out if your budget is $0 or it is very tight. In fact, Zillow has MLS if the property is on-market. In addition, you can look for distressed FSBO properties and talk and negotiate with the sellers directly, thus eliminating brokerage fees.
Overall, Zillow is a versatile real esate software platform for wholesale investors. Search for properties that are for sale, recently sold properties, and the Zestimate for all off-market properties and also the Rental Zestimate.
You get features like saved automatic notifications for individual properties, comps for similar real estate in that area, and you can set up specific boundaries for searches, and much more.
The Zillow platform allows you access to the MLS without getting a real estate license because they make the information public and free. You can find distressed properties on Zillow search when you search within the “pre-foreclosures” filter by searching under the “potential listings” heading.
Key Features:
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). Photo credit: Zillow.
Research other sold homes in the area.
Zillow puts buyers in the drivers seat to make their own decisions.
Private sellers can post properties for sale that are called “For sale by owner”.
About 5 to 10% of motivated sellers and distressed property owners sell their properties on-market and many times these are being sold at a discount.
Use a keyword search tool for a word or a phrase and Zillow will filter through all of the listings looking for it (example: fixer or rehab).
User Experience:
With a upper hanging menu that is pretty easy to follow, Zillow gives you the ability to hover over any of the drop down menus at the top of the screen that will give you submenus that you can click onto find out even more information in your search.
Pricing:
Zillow lets investors look and research properties for free. Zillow makes money on ad sales to agents and by charging property management companies to advertise their listings on the Zillow Rental Manager.
What I Like / Dislike About Zillow:
Like:
Zillow is our #1 pick because it is the best free platform of the 5+ best real estate investment software for 2022 (ranked & reviewed).
Easy access, so it’s easy to get started
Lots of free information on properties
Pretty simple interface that makes it easy to find what you need
Dislike:
If you need skip tracing, be aware it is not available. However, many skip trace websites offer their services for free.
Best real estate investment software for beginners and also best for small businesses ($99 Per Month).
Financial Goodness’ Take
PropStream is our #1 recommendation for beginners and for small businesses. PropStream is the best because it will automate the core processes for these investors. As a result, it provides you with the ability to access properties remotely to help you make decisions analyzing properties faster. In short, having the right data is critical to making informed decisions and PropStream has all the information you need at your fingertips.
PropStream is the powerful opportunity you need to connect with motivated sellers and cash buyers and get the best return on your investments.
Start today by using the most powerful real estate software available on the market, especially for wholesale investors.
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). Photo credit: PropStream.
PropStream is the most trusted provider of real estate data nationwide. It empowers real estate investors with the data, investor tools, and marketing solutions you need to make informed decisions and stay ahead of the game.
With PropStream, you can quickly research and evaluate properties, both on and off market, to determine if they meet your investment goals. In addition to this, you can target motivated sellers, find cash buyers, compare accurate comps, and much more with their easy and accurate filtering systems.
Whether you are just beginning, or are scaling and growing your small business in real estate, PropStream has the software features and functionality you need to succeed.
Key Features:
Identify leads by searching the most accurate database available of over 153 million properties nationwide.
Accurate and up-to-date recordings when looking for vacant properties with out of state owners, or a wholesaler targeting distressed properties with tax liens.
PropStream makes it easy for you to reach the property owner directly with built-in skip tracing features. Such as including free DNC scrubbing, which provides homeowner phone numbers and emails, for quick and easy contact.
PropStream allows you to add Team Members so that you can do more in less time. A Team Member can be anyone. For instance, a person in your office or a Virtual Assistant (VA).
The PropStream Rehab Estimator tool removes the guess work while helping you better understand the project.
Understanding market trends is key to staying ahead of the game in a fast-paced market. For this reason PropStream lets you visually see what the current market looks like, helping you to quickly identify the next hot spots.
PropStream is mobile and you can access the information from anywhere in the world. That being so, get property details in the palm of your hand or set the app to Drive and let PropStream Mobile work for you. Then send a postcard right from your phone.
One of my favorite aspects of PropStream is that all of their features are available even with the most basic plan. Then from the basic plan you can add on features that will help each person to succeed.
Consequently, the price varies from the basic plan depending on additional factors like List Automator, Team Members, and Marketing Tools.
User Experience:
The bottom line is that we favor PropStream over any other software data providers and also for investors that are wholesalers.
A reason why PropStream is heads and shoulders above everyone else is that the user interface is very solid. Obviously nothing is perfect, but this interface is superior to any of the other data providers.
When you go to a city, PropStream pulls up the quick step metrics across the top of the screen. These metrics are always current and up-to-date. For example, if you go to Charlotte, NC the quick metrics will show you the MLS, Pre-foreclosures, Auctions, Foreclosures, Cash Buyers, Vacant, High Equity, etc. This a cool feature which will help you to know the pulse of the market for ever city you pull up. You have to know what is going on in a specific market. In a word, this cool feature in the dashboard is perfect.
The other thing that we really like about PropStream and what makes it probably one of best data providers is you can pull up market stats. As a result, you can see the different things like list price vs. sales price, average monthly rent, and average days on the market. Therefore, as these market stats change over time, you will always have a pulse on the market for the cities that you are in.
PropStream’s Software Gives You The Pulse On The Market:
PropStream’s Market Pulse of the City that You Are Viewing. Photo credit: PropStream.
The other thing that PropStream does that we really like is the ease of the filtering process. As a result of this, you can narrow down your audience. To illustrate: you can filter for Property Type, Year Built, Bedrooms, Bathrooms, Square Feet, Lot Square Footage, On-Market or Off-Market, Foreclosure Status, Ownership Info, Lien/Bankruptcy Status, Mortgage and Equity Info, etc.
PropStream has more data, features, and investor tools than any other product or service on the market. If you are looking for for information on a specific property, or creating targeted marketing lists, PropStream can do it. In essence, if you need accurate comps or rental prices, or want to calculate rehab expenses using local labor and material costs, PropStream can provide the information that you have been looking for.
Pricing:
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). Photo credit: PropStream.
The pricing for PropStream is very straightforward.
The price is $99 per month. This includes comprehensive property data with over 120+ lead filters to match your real estate investment strategy with your business goals.
Depending on the features that you add on, PropStream has various types of plans in place.
These include:
List Automator: Managing your lead lists is time-consuming. Undoubtedly, marketing to old leads can be extremely costly. This is where PropStream helps your business immensely. PropStream’s List Automator feature does the work for you. Automating your lists ensures it is scrubbed for accuracy, which saves time and money so you can concentrate on closing deals. Daily List Monitoring includes up to 2,000 Properties. List Automator starts at $27 per month.
Team Member: Finding and hiring a team means that you can do more in less time. PropStream alows you to add members to your team to assist with day-to-day tasks. You can also add Virtual Assistant (VA) for someone who works remotely. You can add up to 5 Team Members per account. Team Member starts at $20 per month.
Marketing Tools. PropStream has marketing features built in to allow you to rapidly communicate with property owners. Skip Tracing with DNC flagging is just 12¢ per lead. In short, this is an incredible deal at 12¢ per lead! Other marketing tools are professional postcards that start at 40¢ each, and emails at 2¢ each.
Mobile Scout. The Mobile Scout has a “Drive” feature to tag and share properties. Basically, you and your team can add up to 10 people per account. The Mobile Scout add-on tool is completely Free.
What I Like/Dislike About PropStream:
Like:
PropStream is our #1 pick for beginners and for small businesses of the 5+ best real estate investment software for 2022 (ranked & reviewed).
Support is readily available and very knowledgeable, so it’s easy to get started. PropStream’s customer support is easily accessible by phone or my email.
Simple interface that makes it easy to find what you need.
Many real estate wholesalers use PropStream to tap into other markets across the United States because this product is superior to any other data providers out there.
PropStream allows you to create a landing page.
PropStream has added the “Driving fo Dollars” feature with the Mobile Scout “Drive” that is completely free.
Dislike:
The Mobile Scout “Drive” feature is free, but only after paying $99 per month for the service.
In our opinion, the “drive” feature is an add-on feature to compete with the bells and whistles of DealMachine’s Drive for Dollars.
You and your team will need to weigh out the pros and the cons of the Mobile Scout “Drive” feature to see if it makes sense for you and your business goals.
Best real estate investment software, especially for wholesale investors, is Driving for Dollars ($49.00 per month).
Financial Goodness’ Take
DealMachine is our #1 recommendation for Drive for Dollars and you can get it for the low price of $49 per month. It should be noted that Drive for Dollars is the most direct approach to finding wholesale properties. DealMachine helps you organize your team by showing driving routes on everyone’s map so you and your team can get more deals.
DealMachine is the leading platform to help investors find off-market deals by using the Driving for Dollars app. Drive for Dollars will help you and your team find real estate wholesale deals faster than ever.
The Awesome DealMachine’s Driving For Dollars app. Photo credit: DealMachine.
DealMachine software enables investors with Driving For Dollars and List Builder. Both the Driving For Dollars and List Builder include property owner data, skip tracing, and direct mail marketing if you choose.
DealMachine’s Driving for Dollars is awesome! We say awesome because this software technology works very nicely. Accordingly, DealMachine helps members set a goal of adding 300 distressed properties to their app within the first month and send repeat mail to every property owner. More importantly, Driving for Dollars has helped many real estate investors get into the game and get that first property under contract.
Key Features:
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). DealMachine Gives You A Deal For Approximately Every 200 Houses. Photo Credit: DealMachine.
You don’t need to be tech savvy to see big results with DealMachine.
DealMachine offers native iPhone and Android apps in addition to access from your computer. Moreover, this system is friendly and easy to use.
DealMachine wins for driving functionality and user convenience with additional driving features, including Planned Route mode and Virtual Driving for Dollars.
DealMachine is also the better option for quickly and efficiently adding multiple properties to your intended route.
The DealMachine app has been downloaded over 300,000 times.
It should be noted that DealMachine is the highest rated real estate investor software for lead generation with a 4.8 rating out of 5 with over 3,500 reviews.
User Experience:
DealMachine is best known for their Driving for Dollars app which works beautifully. Before Deal Machine, you would have to write everything down. Now it is so simple, you just have to tag the property and it makes the process very streamlined. Due to this, DealMachine has really reduced the cost of Driving for Dollars.
We believe that Driving for Dollars is one of the best marketing tools available to find deals. We say this because you are physically out in your vehicle looking at distressed properties and you can actually see and analyze so much more information being on that particular street.
Pricing:
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). DealMachine’s Software Pricing. Photo credit: DealMachine.
DealMachine has two different types of pricing plans: Driving for Dollars and List Builder.
Driving for Dollars Property Software – Choose From 3 Levels
Depending on your real estate investment business, there are three levels of pricing in Driving for Dollars: Starter, Professional, and Elite.
Starter
If you are just beginnning your real estate investment business, the Starter for $49 a month is the way to go. You will get 1 full-access team member, 1 driver, and 500 Driving for Dollars leads each month.
Professional
Once you have wholesaled a property deal and made $5,000 or more as a wholesale fee, you could be ready to add another driver. The Professional at $99 per month will allow you to have 2 full-access team members, 2 drivers, and 1,000 Driving for Dollars leads each month. The Professional will allow you to increase the leads and the number of deals completed so that you can begin to scale your business.
Elite
After your business is consistently receiving $10,000+ a month or more from wholesale deals then The Elite will allow you to continue to scale your business with multiple drivers. The Elite pricing is $249 per month, with 30 full-access team members, 300 drivers, and 10,000 Driving for dollars leads each month.
The Elite will absolutely take your businesss to the next level!
Add-on Products:
DealMachine has add-on products to help you optimize your business. These add-on products include: Multi-step Mail Sequences, Street Pic, Mail Tracking, and Comps.
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). DealMachine’s Add-on Products. Photo credit: DealMachine.
List Builder
The List Builder software will put thousands of leads instantly into your account. Then you can use quick lists to identify cash buyers or motivated sellers. As a result, the lists will be automatically in sync with sellers’ situations on a weekly basis.
Again, in the List Builder you have three options: Starter, Professional, and Elite.
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). DealMachine’s List Builder Pricing. Photo credit: DealMachine.
Add-on Products:
The DealMachine List Builder has the same four Add-on Products at the same prices as the Driving for Dollars option above.
What I Like/Dislike About DealMachine:
Like:
DealMachine is our #1 recommendation for Driving for Dollars of the 5+ best real estate software for investors (ranked & reviewed).
Driving for Dollars software will build your own unique list of properties
Lowest cost leads with the greatest ROI
Smart property filters
Skip tracing feature is highly accurate
Dislike:
DealMachine does not have a customer service phone number available.
If you send them a chat, the person who responds will usually have their email address and possibly a direct phone number to get in touch.
One of the best all-in-one software platforms for real estate investments ($125-$175 Per Month).
Financial Goodness’ Take
Realeflow is our #2 pick for beginners and small businesses of the 5+ best real estate software for investors. Realeflow is an all-in-one platform with no third-party integrations. As such, Realeflow combines lead generation, off-market and on-market property marketing, repair estimates, email marketing, direct mail lists, direct mail printing and sending, and CRM management.
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). Realeflow’s Key Features. Photo credit: Realeflow.
Leadpipes will generate quality property leads fast.
Search for, locate, and download motivated sellers in your area including absentee owners, vacancies, properties owned free and clear, and high equity properties, low equity properties, and probate leads.
Also, you can search for cash buyers and private lender leads.
Founded in 2007, Realeflow has over $10,000,000,000+ deals closed
Helped more than 100,000+ investors automate their businesses.
User Experience:
Many real estate investors use Realeflow software to simplify their businesses by consolidating multiple apps into a single platform. Realeflow offers real estate investors the tools needed to successfully access their business from anywhere in the world.
Realeflow filters will find motivated sellers in specific regions, analyze potential deals accurately estimate the cost of rehabbing the property, and then determine a fair offer.
In addition, Realeflow also has the option to fund the real estate deal. You can select “Private Lenders” from the drop down menu to find people who might be interested in funding. Then use Realeflow to walk through a property one time to estimate line-item repairs in under 5 minutes. This estimation process can be conveniently done from your iPad or cell phone. This features takes all the “guesswork” out of the equation because a team member can do it without any real estate experience or construction knowledge.
When designing your Realeflow website for your business, you can choose your website from multiple nice looking and SEO-friendly templates. Content is also available to boost traffic to your site and engage visitors.
Pricing:
Realeflow has two real estate software investor plans that are available: Pro and Team. Both of these plans are offered on a monthly or annual basis.
Billed Monthly:
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). Realeflow’s Pricing Per Month. Photo credit: Realeflow.
The Pro plan offers nationwide lead access for 1 user with All Tools, and 5 Lead Generation Websites for $125 per month. You can try the software for 30 days for $10 risk free.
The Team plan offers nationwide lead access for 5 users with All Tools, and Unlimited Lead Generation Websites for $175 per month. With this plan, you can try the software for 30 days for $10 risk free.
Billed Annually:
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). Realeflow’s Pricing Per Year. Photo credit: Realeflow.
The Pro plan offers nationwide lead access for 1 user with All Tools, and 5 Lead Generation Websites for $104 per month. You can try the software for 30 days risk free.
The Team plan offers nationwide lead access for 5 users with All Tools, and Unlimited Lead Generation Websites for $145 per month. So if you have scaled your business and have your team ready, you can go ahead and try the software for 30 days risk free.
What I Like/Dislike About Realeflow:
Like:
Realeflow is our #2 pick for beginners and small businesses of the 5+ best real estate software for investors (ranked & reviewed).
For somebody who is completely new to real estate, they can go ahead and use this software system with the training Realeflow provides.
Additionally, Realeflow automates the property process to provide exit strategies with all properties.
Realeflow has an excellent support team whose primary focus is helping its users to succeed.
Dislike:
Our blog is titled “5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed)”. Our opening sentence is: Choosing the right real estate software for investors and also for wholesalers is crucial when finding motivated sellers and then analyzing the data. However, Realeflow is comparatively dissimilar in that it is more aligned with seasoned real estate investors that already have a portfolio of properties.
Unfortunately, the price of this platform is more expensive for many investors who are just beginning or scaling their business. In our opinion, PropStream has the better platform interface and an excellent customer support team to help find great wholesale deals.
Nonetheless, after building a a business through wholesaling investment deals, this platform could be an option as your investment business grows.
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). REIPro’s Property Leads. Photo credit: REIPro.
Compared to PropStream and Realeflow, REIPro’s features are somewhat limited, but it does offer some robust functions at an affordable price. The REIPro features include property lookups, seller lead searches, comps, and marketing tools.
In addition, after using the Property Lookup tool, you can use REIPro to connect to the owners directly. REIPro gives you access to a library of phone scripts so you can reach out right away.
Automatically follow-up with lead emails which will ensure that the leads do not get cold. This means that you can set a schedule and let it run without requiring you to check it every day.
User Experience:
REIPro is an all-in-one lead generation software system to find and then analyze real estate properties. In general, the software system is all done from one simple, easy to use dashboard interface.
The REIPro is a streamlined, simple design that is easy to understand and control. Basically, it is very similar to sitting at the controls of your car.
Pricing:
Standard Plan (for a single user):
$97 per month billed monthly | $87 per month billed quarterly | $57 per month billed annually
Standard PLUS (up to 5 users):
$129 per month billed monthly | $119 per month billed quarterly | $89 per month billed annually
Team Plus (up to 10 users):
$197 per month billed monthly | $187 per month billed quarterly | $157 per month billed annually
What I Like/Dislike About REIPro:
Like:
The monthly cost of REIPro is much less than the cost of purchasing lead lists.
Easy direct mailing from the software platform.
Dislike:
The monthly cost is higher than beginning investors want to pay.
Nevertheless, no website is included for property investors to send new leads to. So without your personal website, phone calls, text messages, and emails are the only way for potential leads to actually contact you.
After speaking with other investors, it seems that many of the leads are old and of no value because the distressed situation is already resolved.
Another negative is that on the main screen there’s no option for vacant land. If you go to your county and look for vacant land on REIPro the number of lots and land is really small and this is obviously a problem.
Software for real estate wholesale investors typically exists to help out with some of the largest challenges that property investors face. These challenges are steady lead generation, intuitive CRM (customer relationship management), and an all-in-one platform that goes from lead generation to exiting the property.
In this ranked and reviewed guide, the real estate software that most investors prefer are the all-in-one platforms. Most real estate investors will benefit from using an all-in-one platform rather than piecing together the features and functionality of two or more platforms that may or may not be compatible. For this reason, these all-in-one platforms can save investors and their teams the one resource that no one can get back. That resource is time.
Real Estate Software & CRM For Wholesale Property Investors
Manage the Process with an All-In-One Platform
Free Wholesale Real Estate Process Template. Photo credit: sampletemplates.com/business-templates/wholesale-real-estate.html
What are the 5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed)?
When it comes to the best platform, there are a lot of important ranking factors, including an all-in-one platform, cutting-edge CRM capabilities, reduction of time consuming tasks to find and analyze leads, real estate automation for marketing, simple design and interface, and mobile capability.
Another factor is if the platform has a website to support your real estate business and provide potential leads. With this in mind, look for nice SEO-friendly templates. Obviously this factor is important to boost your available traffic to your site and to engage visitors.
With site speed, you want to make sure your real estate website loads your site content quickly on mobile and desktop. Even a 100-millisecond delay in load time can drop your conversion rate by 7%.
Taking these factors into consideration, we feel that the best real estate investment software would be:
1. PropStream
Start today by using the most powerful real estate software available on the market.
PropStream is the most trusted provider of real estate data nationwide. It empowers real estate investors with the data, investor tools, and marketing solutions you need to make informed decisions and stay ahead of the game.
PropStream is the best for real estate investors on a budget who want to automate their core processes. As a result, it provides you with the best value and the ability to access properties remotely to help you make decisions analyzing properties faster. Having the right data is critical to making informed decisions and PropStream has all the information you need at your fingertips.
PropStream has more data, features, and investor tools than any other product or service on the market. If you are looking for for information on a specific property, or creating targeted marketing lists, PropStream can do it. If you need to accurate comps or rental prices, or want to calculate rehab expenses using local labor and material costs, PropStream can provide the information that you have been looking for.
2. DealMachine
DealMachine is the leading platform to help investors find off-market deals.
DealMachine’s software enables investors with Driving For Dollars and List Builder. If you choose, both the Driving For Dollars and the List Builder include property owner data, skip tracing, and direct mail marketing.
DealMachine’s Driving for Dollars is awesome! We say awesome because this software technology works very nicely. DealMachine helps investors set a goal of adding 300 distressed properties to their app within the first month and send repeat mail to every property owner. This has helped many real estate investors get in the game and get that first property under contract.
3. Realeflow
Realeflow for investors is one of the best. It is an all-in-one platform with no third-party integrations. Realeflow combines lead generation, off-market and on-market property marketing, repair estimates, email marketing, direct mail lists, direct mail printing and sending, and CRM management.
Many real estate investors use Realeflow software to simplify their businesses by consolidating multiple apps into a single platform. Realeflow offers real estate investors the tools needed to successfully access their business from anywhere in the world.
Realeflow filters will find motivated sellers in specific regions, analyze potential deals accurately, estimate the cost of rehabbing the property, and then determine a fair offer.
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What Are the Best Free Property Software Platforms?
If you’re looking for a free real estate platform, you will find a few choices. When researching the different 5+ best real estate investment software for 2022 (ranked and reviewed) frameworks to use, it’s essential to ask yourself a few distinct questions:
How much real estate experience do you have?
How much creative control do you want?
Would you rather pay a small fee every month to have everything wrapped up in one package?
As a rule, we would personally go with a paid option over a free platform because the small fee will definitely save you and your team a ton of time and effort.
However, if you are just starting out as a real estate investor, and you don’t have a marketing budget, then Zillow could be the platform you are looking for.
Zillow is totally free and is one of the most popular platforms for real estate investors. To sum up, this platform allows you access to the MLS without getting a real estate license. For instance, you can find distressed properties on Zillow search for “pre-foreclosures” filter by searching under the “potential listings” heading.
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What Are the Best Real Estate Software for Wholesale Investors Platforms for Small Businesses?
Real estate wholesaling software is one of the best ways to elevate an investor’s career. Similarly, the right wholesaling software can take a business to the next level by systemizing daily operations and improving outreach. Whether you are a new wholesale investor or a seasoned vet, there is absolutely no reason you cannot benefit from an upgrade to your existing real estate workflow.
Please remember that we are looking for the 5+ best real estate investment software for 2022 (ranked & reviewed).
Here are our top picks for the best real estate investor platforms for small businesses:
As you scale your real estate investment business, PropStream is the best solution with everything you need as you grow. You can target motivated sellers, find cash buyers, compare comps, and much more with its easy and accurate filtering systems.
2. DealMachine
DealMachine’s Driving for Dollars is an awesome feature. We say awesome because this software technology works very nicely. For example, DealMachine helps members set a goal of adding 300 distressed properties to their app within the first month. As a result, this has helped many real estate investors get into the game and get that first property under contract and close on the deal.
Realeflow for investors is one of the best. Essentially, it is an all-in-one platform with no third-party integrations. To summarize, Realeflow combines lead generation, off-market and on-market property marketing, repair estimates, email marketing, direct mail lists, direct mail printing and sending, and CRM management.
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What Are The Benefits of Using a RE Software Platform?
“If your business is not online, your business will run out of business.“
This statement by Bill Gates turned out to be prophetic — the online market is now massive and continues to expand with time.
According to a recent study, over 50% of Americans prefer to shop online. Clearly ecommerce isn’t going anywhere and you can get a slice of that profit with a simple website.
The 5+ best real estate investment software platforms (ranked & reviewed) for 2022 will get you a slice of that pie. So let’s look at all the benefits of the online marketplace, and how it can successfully drive your business.
1. Easy Scalability
When you run a traditional brick and mortar retail shop, it’s difficult to cater to an audience that is potentially very far away, depending on the cities your business decides to work in.
Naturally, it’s not very easy to do that for a small or medium-scale real estate businesses, since it is exceptionally cost-intensive.
However, using your online real estate platform, small and medium businesses can now target and reach out to a nationwide audience, and scale up to many times their original size.
Being online essentially makes the whole world your oyster. As a result, you can now target particular neighborhoods nationwide and have limitless areas to find leads. With a broader reach, your sales will get a boost, and your profitability will increase in the long run.
Consequently, the great news is that PropStream, DealMachine, and Realeflow are all easily scalable to grow your real estate business to the next level.
2. Provide Ease of Navigation
It’s essential that your property platform is well-structured and easy to navigate. Without a doubt, nobody likes to struggle to navigate. In particular, the platform at PropStream stands out again in ease of navigation. Consequently, you can move different features on the screen to make the screen even more convenient and comfortable for you to use.
3. Excellent Customer Support
Customer experience plays a big part in the annual revenue of any business. In fact, it is one of the most indicative yardsticks of a competitive company.
Our top best real estate investment software platforms all have excellent customer service.
PropStream: The PropStream team of data experts are available Monday through Friday from 6 AM to 6 PM Pacific Time. Or send PropStream an email and they will answer your question promptly.
5+ Best Real Estate Software For Wholesale Investors (Ranked & Reviewed). PropStream’s Excellent Customer Service. Photo credit: PropStream.
DealMachine: If you send them a chat the person who responds will usually have their email address and a perhaps a direct phone number to get in touch. We had to recently chat with customer service at DealMachine and the customer service was excellent. Once customer service understood the situation and she completely solved the issue to the problem. In addition to this, she was able to solve the issue with only one conversation.
Realeflow: Realeflow’s mission is to provide the tools necessary for real estate investors to achieve freedom in their lives. They are available Monday’s through Friday’s 9 AM to 6 PM Eastern Time. Additionally, you can send them an email and they will respond quickly.
4. Social Media Integration
More than 3.5 billion people in the world use social media. In the United States in 2020, over 223 million Americans were using social networks. But, by 2025, the number of social network users in the United States is forecast to increase to approximately 243 million. For that reason, this is a huge market to tap into.
Therefore, it’s essential to focus more attention on social media.
5+ Best Real Estate Software For Wholesale Investors (Ranked & Reviewed). Photo credit: Statista and TNW.
5. Data and Analytics
Tim Berners-Lee, inventor of the World Wide Web, is quoted as saying, “Data is a precious thing and will last longer than the systems themselves.”
Currently, there are around 18 zettabytes of data in the world. Basically, there’s no reason why you shouldn’t tap into this area.
Your strategy to boost your business by using your real estate platform should include a plan on how to make use of your lead data and information that you and your team generate each day.
Most real estate platforms come with an in-built analytics tool that can help you track your demographics. In the same way, with the real estate platforms this demographic is called the market pulse of the city you are looking at.
For instance, view the pulse of the market in PropStream:
5+ Best Real Estate Investment Software For 2022 (Ranked & Reviewed). PropStream’s Pulse of the Market. Photo credit: PropStream.
What we really like about PropStream and what makes it probably one of best data providers is you can pull up market stats. As a result, you can see the different things like list price vs. sales price, average monthly rent, and average days on the market. Accordingly, as these market stats change you will always have a pulse on the market for the cities that you and your team are in.
6. Focus On Mobile Users
We all know that mobile phones are now more popular than personal computers.
For this reason, Google announced that their mobile algorithm will be completed by July 2022. Is your business ready for Google’s mobile algorithm?
As of March 2020, 70% of sites had already made the switch to mobile-first indexing. Essentially, mobile-first design has evolved from a forward way of thinking to a necessity for businesses.
In short, this means that Google predominantly looks up to the mobile version of your site to determine its ranking and indexing.
Thus, statistics show that as of January 2022, over 55% are using mobile to browse online vs. desktop devices taking up 42%.
Executive Summary
There you have it – our list of the 5+ best real estate software for wholesale investors (ranked and reviewed).
If you’d like to use the best overall platform that is easiest to use and best for small businesses, go with PropStream.
If you or your business want to drive for dollars, then DealMachine is the way to go with their Driving for Dollars app.
Affiliate disclosure: In full transparency – some of the links on this website are affiliate links. For the most part, if you use them to make a purchase we will earn a commission at no additional cost for you. Will this be a problem? In general, this is how we manage to create free content for you. Please know that your trust is so important for us. If we recommend anything, it is always because we believe it is worth exploring.
Last Updated on July 27, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Best Real Estate Pre-Foreclosure Help. Photo credit: Unsplash
Updated July 27, 2024. At Financial Goodness, we are experts in real estate pre-foreclosure help. As part of the services that we offer, we provide you with the best real estate pre-foreclosure assistance. Our goal is to help you with your situation, no matter what the circumstances are.
Let’s talk about the word pre-foreclosure. The term pre-foreclosure refers to the first phase of a legal proceeding that ultimately can conclude in a property being repossessed by the mortgage company from a defaulted borrower.
In pre-foreclosure, the lender files a notice of default on the property because the borrowing owner exceeds the terms in the contract for delinquent payments. Generally, a notice of default informs the borrowing owner that the lender is pursuing legal actions toward foreclosure. However, borrowers have a few options available to them if they find themselves in pre-foreclosure.
We understand the stress these situations cause. As a result, we offer the best real estate pre-foreclosure help and we want to be an advocate to help you find the best solution for you.
We Want To Help You
If you are in pre-foreclosure we would like to help. You may feel overwhelmed and think that there is nothing you can do. However, in many situations there are options and solutions. But in many cases, time is of the essence. Therefore, it is our goal to be your advocate. Let us help you to avoid having a foreclosure on your credit report.
We specialize in helping homeowners avoid foreclosure. At Financial Goodness, we offer the best real estate pre-foreclosure help so that you can find the best solution for your situation.
We offer the best real estate pre-foreclosure help and we want to be your part of your solution. If you would like a free, confidential analysis of your specific situation and you would like to learn about your options, please feel free to call us. Our phone number at Financial Goodness is (704) 765-2161 or (727) 342-0503. Or fill out our easy confidential Contact Form and a member of our team will be in touch with you right away.
Financial Goodness Is The Answer
December 3, 2023. Financial Goodness is the areas’ premiere real estate solutions company. Since our inception, our goal has been helping property owners. Our mission is to help home owners as well as improving communities in each and every neighborhood we work in.
We invest throughout the USA with the intention of revitalizing communities. Specifically, we are particularly interested in properties in the southeastern United States. Accordingly, we offer the best real estate pre-foreclosure help available for you and your family. We would like to be an advocate to help you find the best solution. Please contact us today to find the best answer for you.
Last Updated on July 27, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Financial Goodness is the areas’ premiere real estate solutions company. Photo credit: Unsplash.
Updated July 27, 2024. If you want to sell your house, apartment, or hotel easily, we can help. Without a doubt, we understand the distress that many people face in these situations. Likewise, we realize the pressure many of our customers feel when they think about how to sell your house, apartment, or hotel. Fortunately, we are here for you. As a result, we buy houses, multifamily apartments, and hotels. Furthermore, we understand the distress people face in these situations. So, contact us today and let’s see how we can work together!
Financial Goodness Is The Answer
Financial Goodness is the areas’ premiere real estate solutions company. Consequently, we have been helping property owners along with improving communities in each and every neighborhood we work in.
We invest throughout the USA with the intention of revitalizing communities. As a result, we are particularly interested in properties in the southeastern states. However, if a deal is good enough and the numbers work in another state, we will do it.
Through our extensive knowledge of the business, network of resources, and years of expertise, we are able to assist homeowners with a wide variety of real estate problems. Furthermore, we are a multi-service company that has the ability to BUY, REPAIR, MARKET, and SELL YOUR HOUSE, APARTMENT, OR HOTEL.
Selling Fast For Cash
Financial Goodness works with Sellers who need to sell or want to sell, but do not want to wait six months to market and sell, repair and renovate, pay real estate commissions, or wait for an approved buyer. In addition, our company works with all types of sellers and situations and can buy very quickly if needed.
We have a deep satisfaction on our reputation for working one-on-one with each customer to handle their individual situations. Consequently, with the ability to directly purchase properties and make cash offers, we can create an extremely fast, and hassle-free transaction.
We buy Your House, Multifamily Apartments, or Hotels “As Is”
No Obligation Cash Offer
Guaranteed Written Offer
Strategies To Sell Your Property Fast
Need to sell your property fast? Before, finding a reliable buyer used to be difficult. However, with us the condition of the real estate and the situation does not matter. In addition, there are many strategies that can greatly improve your competitive advantage.
We buy houses, multifamily apartments, and hotels throughout the USA. As a result, when you work with Financial Goodness, you can receive an offer you can trust. Let us understand the stress so that we can help you find a real solution.
Get Your Cash Offer
Whether you wish to move into a larger home or get rid of an unwanted property, we will work with you to achieve your goals! With this in mind, find out how to sell your house, apartment, or hotel easily.
Financial Goodness removes the hassle and headache involved with the selling process. Basically, we offer you a reasonable cash offer for your property, with zero hidden fees or contracts. Therefore, you can accept our offer or pass on the cash. If you accept, we will close on your time schedule.
In short: we buy houses, apartments, and hotels. Furthermore, we understand the distress people face in these situations. Please contact us today and let’s see how we can work together!
We Buy Properties In These Cities
We buy properties quickly all over the United States. In addition, we are also particulary interested in the following cities:
Florida Areas
Pensacola, FL
Panama City Beach, FL
Tallahassee, FL
Jacksonville, FL
St. Augustine, FL
Gainesville, FL
Volusia County, FL
Ormond Beach, FL
Daytona Beach, FL
Port Orange, FL
New Smyrna Beach, FL
Edgewater, FL
DeLand, FL
Deltona, FL
Sanford, FL
Lake Mary, FL
Orlando, FL
Mims, FL
Titusville, FL
Port St. John, FL
Cocoa, FL
Cocoa Beach, FL
Rockledge, FL
Palm Shores, FL
Melbourne, FL
West Melbourne, FL
Palm Bay, FL
Vero Beach, FL
Fort Pierce, FL
Port St. Lucie, FL
Jupiter, FL
Palm Beach Gardens, FL
West Palm Beach, FL
Boyton Beach, FL
Delray Beach, FL
Boca Raton, FL
Deerfield Beach, FL
Coral Springs, FL
Popano Beach, FL
Fort Lauderdale, FL
Hollywood, FL
Miami Beach, FL
Miami, FL
Naples, FL
Fort Myers, FL
Cape Coral, FL
Port Charlotte, FL
Venice, FL
Sarasota, FL
Bradenton, FL
Tampa, FL
Holmes Beach, FL
Brandon, FL
Bradenton Beach, FL
Riverview, FL
Safety Harbor, FL
Clearwater, FL
St. Petersburg, FL
Pinellas Park, FL
St. Pete Beach, FL
Treasure Island, FL
Madeira Beach, FL
Redington Shores, FL
Indian Shores, FL
Indian Rocks Beach, FL
Seminole, FL
Largo, FL
Belleair Bluffs, FL
Dunedin, FL
Tarpon Springs, FL
Lakeland, FL
Winter Haven, FL
Charlotte, NC Area
Charlotte, NC
Huntersville, NC
Matthews, NC
Indian Trail, NC
Mint HIll, NC
Pineville, NC
Gastonia, NC
Indian Land, SC
Fort Mill, SC
Rock Hill, SC
Texas Areas
Houston, TX area
Dallas-Fort Worth, TX area
San Antonio, TX area
Tennessee Areas
Memphis, TN area
Atoka, TN
Bartlett, TN
Brighton, TN
Collierville, TN
Covington, TN
Frayser, TN
Germantown, TN
Millington, TN
Munford, TN
Oakville, TN
Raleigh, TN
Wolfchase, TN
Woodstock, TN
Chattanooga, TN area
Knoxville, TN area
Nashville, TN area and its sub markets
Clarksville, TN
Hermitage, TN
Hendersonville, TN
Smyrna, TN
LaVergne, TN
Murfreesboro, TN
Columbia, TN
Spring Hill, TN
No Decision Is The Worst Decision
Basically, as we all know, the decisions we make each day will help or hurt you in the short run. They will also help or hurt you in the long run as well. Overall, the decisions you make each day can and will provide the destiny that you desire. We look for a destiny of abundance so that the seller as well as the buyer can move ahead.
Everyone wants abundance because abundance means we will have the money to improve our lives. So right now, let’s thank God for his abundance in our lives.
In addition, I would like to share with you the Five Best Rules Of Decision Making. But just please remember that no decision is the worst decision!
Commitment To Help
Financial Goodness is truly committed to helping each individual owner. In addition to this, we focus on fast response, integrity and over-delivering on customer service.
We strive to respond to calls or messages within 24 hours. As a result, by putting the customer’s needs first, whether selling or buying a home, apartment, or hotel, we can help you realize your real estate goals.
Our Mission
We invest with the intention of revitalizing communities and encouraging home ownership. Therefore, our mission is to rejuvenate neighborhoods and increase the standard of living by improving the overall quality for the residents in each community we work in. Please Contact us today.
For this reason, take action and contact us today. We would like to help solve your property problems today. With this in mind, find out how to sell your house, apartment, or hotel easily, because we buy houses, apartments, and hotels. Furthermore, we understand the distress people face in these situations.For this reason, Contact us today and let’s see how we can work together!
Yours Sincerely,
George Alexander Roy III and our Skilled Team
Last Updated on July 27, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Yale Endowment Fund. Photo credit: Wall Street Physician.
Updated July 27, 2024. David Swensen, the Yale fund pioneer who reshaped investing, has forever changed the way we view investing. Moreover, Swensen completed a 35-year tenure as Yale University’s endowment chair.
Grew the Yale Fund from $1.3 billion to More Than $31 billion
But, more importantly, David Swensen grew Yale’s endowment fund from $1.3 billion in 1985 to more than $31 billion today. As a result, this means the fund generated returns of 13.1% through June 2020. These are outstanding returns. So, let’s take a look at how he did it.
Swensen never commanded the fame of Warren Buffett, Peter Lynch, or Jack Bogle. However, among industry insiders he is widely considered to be in their ranks.
Willing to Play the Long Game to Win
One aspect of Swensen is the fact that he was willing to play the long game. For example, he invested in assets that had much longer time frames to reach maturity, but that had spectacular return profiles. The key is that his approach to investing worked brilliantly!
Swensen Had An Unlikely Beginning
Like many great careers, David Swensen had an unlikely beginning. On the contrary, many people say that he was self-confident, yet selfless. Consequently, when Swensen was first approached by Yale University in 1985, he assumed a teaching career.
At that time, Swensen was 31 years old, and he had the economic theory with a Yale Ph.D in economics. Nevertheless, he was very unfamiliar with investing.
Unshackled From Conventional Wisdom
Even so, being a novice investor proved to be a blessing. Unlike past endowment chairs, Swensen was unshackled from conventional wisdom. Therefore, at the core of what became the “Yale Model” are the principles that Swensen learned from his mentor, Nobel Laureate James Tobin.
In 2009, Swensen wrote the book Pioneering Portfolio Management. In this book, Swensen describes the Yale Model in -depth, also sometimes known as the Endowment Model. I highly recommend reading his book.
The Yale Model
Particularly of interest was his recognition of liquidity. For that reason, Swensen realized that liquidity comes at a heavy price for lower returns.
Therefore, the Yale fund pioneer who reshaped investing is thus characterized by relatively heavy exposure to asset classes such as private equity when compared to more traditional portfolios. The Yale Model is also more heavily reliant on investment managers who specialize in these specific asset classes.
Don’t Try to Time the Market
David Swensen also realized that market timing was not the answer. He realized that market timing represents a losing strategy.
Swensen recognized that there is no evidence of any large institutions having a consistent ability to get in when the market is low and get out when the market is high. He comprehended that attempts to switch between stocks and bonds, or between stocks and cash, in anticipation of market moves have been relatively unsuccessful.
Swensen’s Allocation Thinking Was Nonexistent
Large institutional funds were almost entirely composed of U.S. equities, some foreign equities, cash, and fixed income. Suffice to say that in the 1980’s, Swensen’s type of thinking was by and large almost nonexistent.
The Yale Model is different from other types of investing because it allocates only a small amount to traditional U.S. equities and bonds. To replace these small allocations, this type of investing relies more on alternative investments.
Accordingly, Swensen built a portfolio allocation model that was more heavily weighted in alternative assets.
Yale Fund Asset Strategy & Allocation
hedge funds
venture capital (VC) funds
real estate
natural resources
private equity
Yale Model Endowment Asset Allocation. Photo credit: Financial Times.
Three Strategy Approach
Construct a portfolio with money allocated to six core asset classes.
The investor should rebalance the portfolio on a regular basis.
Invest in low-cost index funds and exchange-traded funds.
Swensen Model Portfolio
David Swensen described his model portfolio in a 2015 interview with NPR. It consists of the following asset allocation:
How To Replicate Swensen Portfolio Using Vanguard
How To Replicate the Swensen Portfolio using Vanguard. The expenses after the fund name are the expenses. Photo credit: Wallstreetphysician.com/invest-like-yalie-model-portfolio-david-swensen-investment-manager-yale-endowment/
How To Replicate Swensen Portfolio Using Fidelity
How to replicate the Swensen Portfolio using Fidelity. The expenses after the fund name are the expenses. Photo credit: Wallstreetphysician.com/invest-like-yalie-model-portfolio-david-swensen-investment-manager-yale-endowment/
Finding The Best Allocations
If you decide to use the Swensen model portfolio for your investments, I wish you success. In Addition, always remember to invest the funds in a tax-efficient manner.
Put the tax-inefficient REITs, bonds, and emerging markets funds in tax-referred or retirement accounts. Then put your Total U.S. Stock Market and International Stock Market funds in taxable accounts.
Needless to say, David Swensen, the Yale fund pioneer who reshaped investing, has forever changed the way we view investing.
Other Real Estate Strategies To Create Wealth
I would also recommend the strategy of searching directly for houses to invest in. The Three Real Estate Strategies That Work Every Time are: residential rentals; wholesaling; and rehab and resell. These are the most popular real estate strategies that produce consistent results regardless of the timing.
Portfolio of Rental Properties for Passive Income
More importantly, learn the best ways to to improve your rental property cash flows, by reading my blog on the three ways to Boost Your Rental Property Cash Flows. I recommend this strategy because of the excellent real estate tax breaks available on your taxes annually. This strategy will help you build wealth.
Please let me know your thoughts on using his portfolio. Best wishes!
Last Updated on July 27, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Warren Buffett is an American investor, business tycoon, philanthropist, and the Chairman & CEO of Berkshire Hathaway. Photo credit: https://www.marketwatch.com/story/this-mutual-fund-may-have-cracked-the-buffett-code-berkshire-hathaways-secret-sauce-2020-09-21
Updated April 13, 2024. My years of research tell me time and time again that the best stock to invest in is BRK.B by Berkshire Hathaway. The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive. Berkshire Hathaway is a publically traded entity and is an overwhelmingly American multinational conglomerate holding company that is based in Ohama, Nebraska. This is a publicly traded stock under the tickers Berkshire Hathaway A or Berkshire Hathaway B (BRK.B).
The main difference between Berkshire Hathaway Class A and Class B shares is their price. The Berk B shares are much more affordable and offer the benefit of flexibility. Subsequently, if an investor owns just one share of Class A and is in need of some cash, the only option is to sell that single share, even if its price far exceeds the amount of capital he needs to access.
In contrast, a holder of Class B shares can liquate part of his or her Berkshire Hathaway holdings just up to the amount needed to meet cash flow cash flow requirements. In addition, Class B also provides a potential tax benfit. Its much lower price means that BRK.B stock can be passed to heirs without triggering the gift tax as passing Class A shares does.
One final difference is that Class A shares can be converted into an equivalent amount of Class B shares any time a Class A shareholder wishes to do so. The conversion privilege does not exist in reverse. Moreover, Class B shareholders can only convert their holdings to Class A by selling their Class B shares and then buying the equivalent in Class A.
Warnings Of Possible Financial Crisis Emerging
Many people are wondering what is happening with the U.S. and global markets. In a wide-ranging conversation, I recently watched a video where you were interviewed by Charlie Rose in April 2022. In the beginning of the interview you explained that after reading The Intelligent Investor, you understood to buy businesses that are publicly traded. You became an owner of the business and you did not care whether a stock went up or down the next day, or next week, or next month, or next year because you understood the principal of value investing. You didn’t care because you knew businesses. Looking at the numbers of the businesses that you completely understood made you comfortable enough to invest in these companies.
As Warren has said, he is an extremely bright man who is terribly interested in the work that he does. He has spent a lifetime doing it and he have surrounded himself with people who bring out the best in him. Warren has said many times that he doesn’t have to be a genius in what he does and that’s the great thing about it.
From my perspective, the genius is that Warren Buffett realized, many years ago, is that he is in a game that allows him to succeed over time to the highest of levels because he didn’t really need extra intelligence. He has dedicated himself and his eventual success by focusing on one thing: investments.
Warren said it best himself: you need the right orientation where the investor would think about what the companies are going to be worth 10 or 20 years from now. What I like best is that if a person truly internalizes everything, all the necessary ingredients, they too will make a lot of money. Warren Buffett has said, “I got rich when I understood this.”
The Gem: Berkshire Hathaway Stock
Berkshire Hathaway (BRK.B) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska and is owned by Warren Buffett. As probably everyone knows, Warren Buffett is one of the most successful investors of all time. As well, my years of reading and research tell me over and above that BRK.B that the best stock to invest in.
Similarly, BRK.B is a stock that combines the best value in publicly traded companies as well as privately owning a number of companies themselves. Investing in Berkshire Hathaway provides investors with property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services.
Berkshire Loves Collecting Dividends
Berkshire Hathaway famously doesn’t pay dividends. Nevertheless, Berkshire stock loves collecting them. In 2018 alone, Berkshire took in $3.8 billion in dividends. “A sum that will increase in 2019,” Buffett said in the annual letter.
As of August 2020, Berkshire Class B stock is the seventh-largest component of the S&P 500 Index. On January 10, 2018, Berkshire Hathaway appointed Ajit Jain and Greg Abel to Vice-Chairman roles. Abel is vice chairman for non-insurance business operations, and Jain is vice chairman of insurance-operations. In addition, for the fiscal year 2019, Berkshire Hathaway reported earnings of US$81.4 billion, with an annual revenue of US$254.6 billion, an increase of 2.7% over the previous fiscal cycle.
Berkshire Hathaway Is Undervalued By 20%
The Berkshire Hathaway current valuation is $495 billion. If Berkshire Hathaway businesses are valued at 20 times operating earnings approximating the S&P 500 Index, then they would have an enterprise value of $480 billion.
In comparison, subtracting the float of $130 billion would then result in an equity value of $350 billion. Then adding $350 billion (businesses) to $385 billion (stock portfolio plus cash) results in an overall equity valuation of $715 billion. As such, the Berkshire Hathaway current valuation of $495 billion represents a 30% discount!
Berkshire Has Top Management
Berkshire Hathaway is a stock that is run by top management. Consequently, the huge advantage is that the management regularly optimizes the companies Berkshire Hathaway invests in so that you don’t have to. Basically, you can sleep well every night knowing that your investment is secure.
When Warren Buffett speaks, Wall Street and investors listen intently. That’s because Berkshire Hathaway has a track record few other money managers can match. Over the last 55 calendar years, Berkshire Hathaway’s stock rose at more than 20.3% annualized pace, versus 11.8% for the S&P 500. More than 20% annually for 55 years! In my opinion, this is one of the best investments of a lifetime. The best stock to invest in is BRK.B. I ask you to research Berkshire Hathaway, if you haven’t already, and add your comments below.
Berkshire Stock With A 18.6% Annualized Return Since 1965 Versus S&P 500 With A 11.8% Annualized Return. Photo credit: https://svencarlin.com/berkshire-vs-sp-500/
Berkshire Hathaway Publicly Traded Portfolio
Below are the publicly-traded U.S. stocks owned by Warren Buffett’s holding company Berkshire Hathaway, as reported to the Securities and Exchange Commission in filings made available to the public. There are times when Berkshire asks for, and receives, the SEC’s permission to temporarily withhold data on some stock holdings.
Update March 2020. With the Covid-19 pandemic creating uncertainty around the world, it is unsurprising that many may have seen their top stocks underperform the benchmark indexes. Investing legend Warren Buffett is no exception. Indeed, it is reassuring that Berkshire Hathaway has managed to find value in this volatile environment.
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Many investors regularly look at investor Warren Buffett’s top holdings to see what they are and then to do their on research and decide if they like the value of these stocks. Berkshire Hathaway current top holdings by size are Bank of America, Apple, Coca-Cola, Kraft Heinz, American Express, Verizon, U.S. Bancorp, and General Motors.
Warren Buffett’s investment strategy is to build a portfolio of blue-chip companies with strong balance sheets, and then to hold this stock in BRK.B and invest with the right orientation over a long time frame. Apple is Berkshire Hathaway’s largest portfolio holding, comprising 49.1% of the portfolio. In addition, Buffett has held shares of Coca-Cola since the late 1980s; the company accounts for about 8.6% of Berkshire Hathaway’s portfolio. Furthermore, in 2011, Buffett began investing in Bank of America when Berkshire Hathaway purchased in a private offering 50,000 shares of the company’s preferred stock at a liquidation value of $100,000 per share.
Despite his unparalleled success, Buffett’s investment model has always been transparent, straightforward, and consistent. Fundamentally, he invests in fairly-priced, high-dividend paying blue-chip companies that feature strong balance sheets. Buffett buys such stocks with the intent to hang onto them over the long haul.
Listed below are the public and private businesses that add up to the best stock to invest in, which, in my opinion, is BRK.B.
Clothing: Union Underwear Corp., Fruit of the Loom, Garan, Fechheimer Brothers, Russell Corporation, H.H. Brown Shoe Group, Acme Boots, Brooks Sports, Justin Brands, Chippewa, Justin Boots, Justin Original Workboots, Nocona Boots, and Tony Lama Boots
Building Products:
Acme Building Brands, Benjamin Moore & Co., Johns Manville, MiTek Inc., Shaw Industries, Inc., Clayton Homes Inc.
Flight Services:
FlightSafety International Inc., and NetJets Inc.
Retail:
Nebraska Furniture Mart, RC Willey Home Furnishings, Star Furniture Company, Jordan’s Furniture, Inc, CORT Business Services, Ben Bridge Jeweler, Helzberg Diamonds, The Pampered Chief, Ltd., See’s Candies, Dairy Queen, Orange Julius, Karmelkorn, Oriental Trading Company, and Pilot Flying J
Media:
Buffalo Evening News, Buffalo Courier-Express, Business Wire, Omaha World-Herald, Richmond Times-Dispatch, Winston-Salem Journal, The Eagle, Waco Tribune-Herald, Tulsa World, Greensboro, North Carolina-based News & Record, Virginia’s Roanoke Times, Press of Atlantic City, and ABC affiliate WPLG
Real Estate:
Berkshire Hathaway’s Energy’s HomeServices of America, Home Capital Group Inc., Store Capital, and Clayton Group
Other Non-insurance:
From 1986 to 2003: Albecca Inc., CTB International Corp., McLane Company, Scott Fetzer Companies including: Kirby Home Cleaning Systems, Wayne Water Systems, Ginsu Knives, and World Book Encyclopedia.
In 2007: acquired TTI, Inc, and Marmon Group
In 2014: Berkshire Hathaway Automotive created through the acquisition of Van Tuyl Group; acquired Duracell from Procter & Gamble in an all-stock deal.
Finance and Financial Products
Clayton Homes
Investments
Russell Corporation including Spalding NBA Official Basketballs, and BIKE Athletic Company
Lubrizol Corporation
Preferred stock in Wrigley
Goldman Sachs
GE
Burlington Northern Santa Fe Corporation
Indian insurance BerkshireInsurance.com
H.J. Heinz Co.
Berkshire owns 1.74 million shares of Gannett, and Precision Castparts Corp.
2020: Berkshire added a position in the Q2 2020 of 20 million shares in mining company Barrick Gold
2020: Q3 2020 agreed to buy Dominion Energy’s natural gas transmission and storage operations.
Between September 2019 and August 2020, Berkshire purchased more than 5% of the outstanding stock of each of the five largest Japanese general trading companies: Itochu, Mitsubishi, Mitsui Sumitomo, and Marubeni.
The Rich Didn’t Get Wealthy By Investing In Stocks
Have you ever wondered how the wealthiest investors in the world became wealthy? For example, if you look at Warren Buffett you might think that the wealthiest investors in the world enjoyed their success due to wise investing decisions.
However, despite the fact that the best stock to invest in is BRK.B, the reality is that Warren Buffett is a rare exception. Buffett’s investment returns over the decades have been nothing short of phenomenal. His investments over the years are the reason for his success. While replicating his success might not be possible, you can emulate his strategies to become a successful investor.
One of the primary reasons for Buffett’s success has been his ability to recognize the deeper value behind a company. The best stock to invest in is BRK.B, but understand that Warren Buffett invests in businesses that he understands and knows that the inherent value of the business is more than its evaluation at the time of investing. As a result, all the work that Warren Buffett and his team of people do will add up to the best stock to invest in, which is BRK.B.
Create A Product Or Service To Add Value
Contrary to popular belief, the wealthiest investors did not use stock market investing to find the best stock to invest in such as BRK.B in order to maintain the wealth they had already acquired. Almost all of them made their wealth by starting companies that were very successful or some have received an inheritance.
I invite you to read my FinancialGoodness.com: About The Writer and scroll down to “Think of Knowledge As A Tree.” One of the entrepreneur’s I have studied is Ryan Daniel Moran.This entrepreneur realized that you have to strategically position yourself to create value in service to other people. Please read my blog on how to Build Unlimited Wealth With Money’s Untold Truth. To summarize this article, find the biggest problem you can think of and then solve that problem. You have to create a product or a service that people really want and then think of a way to deliver it to them. This is the secret for creating unlimited wealth.
Imitate Strategies Of Successful Investors
Once your business is profitable, you can then use some revenue to maintain your wealth that you have acquired over the years. You can then imitate the strategies of successful investors. In this way you can use your wealth by investing in wise investment moves in the stock market. The combination of these two strategies, of having a profitable business and then investing in the markets, is really the best way to maintain and to increase your wealth over time.
Consequently, have you ever thought about the relationship between money and wealth? Specifically the fact that money is just paper with a number on it. Nevertheless, people have equated money to value.
In the end, perhaps this was never about the money. Let’s face it, it was all about the freedom that you were looking for. Accordingly, if you make wise investments you will have the ability to do whatever you want, whenever you want. Thus I am talking about your choice of freedom.
This is the dream of freedom that you were seeking all along. Truly I challenge you to do it and have the courage, the belief, and the strength to make this your reality! When you do this, you will have completely conquered how to build unlimited wealth with money’s untold truth because now you know the secret to having a lifestyle of richness.
Conclusion
I hope you enjoyed my research on the best investment to make. If a stock market crash happens again or a big dip occurs, the long-term buy and hold value stock is apparent to me. My years of research tell me again and again that the best stock to invest in is BRK.B.
To conclude, I like the peace of mind that the BRK.B stock has with it. In the same way, I can invest in BRK.B and rest good every single night. In the final analysis, I know that the leading management at Berkshire Hathaway will look after my investment and make sure it grows slowly over time for years to come.
“An investment in knowledge always pays the best interest.”
– Benjamin Franklin
Matthew 7:8 NLT. For everyone who asks, receives. Everyone who seeks, finds. And everyone who knocks, the door will be opened.
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
How To Become A High Net Worth Individual. Photo credit: geekFence.com.
Updated April 13, 2024. How to become a high net worth individual? To become a high net worth individual it typically means that you have grown your wealth and are holding financial assets with a value greater than US$1 million. However, if you haven’t achieved this goal, can you imagine your life if you had a nice amount of money sitting in your bank account? So now let’s take a look at some individuals who have achieved this goal of $1,000,000+.
“Go Where You’re Treated Best”
I would like to share with you one of the people that I have been following now for a few years. His name is Andrew Hendersen and he is the founder of Nomad Capitalist. After many years of experience as a global businessman, Andrew offers his expert advice to successful entrepreneurs and investors on ways to reduce their tax bill, grow wealth overseas, and become global citizens. Hence, he believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”
Become More Of A True Global Citizen
Updated April 13, 2024. I have to agree with this philosophy of going where you are treated best. As many of you know, I lived in the United States for almost five decades. Without a doubt, I thought that I was doing well. But moving to Colombia, South America more than eight years ago has changed my mind-set completely. For instance, the most obvious realization for me was the drastic reduction of prices in Colombia from the prices that I had grown accustomed to when living for so many years in the United States.
As equally important, I began to realize that there were other countries that offered distinct advantages in other areas of business as well. The problem is, as Andrew Hendersen confirms, there is no one country that offers all these advantages for the entrepreneur and investor. For this reason, you must do research on the topic and, in many instances, seek them out individually.
Consequently, now I view myself as becoming more of a true global citizen. I have recently watched a YouTube video by Andrew entitled, How To Become an Ultra High-Net Worth Individual. I would like to share below the key ideas that Andrew discusses is this video.
Building Long-Term Wealth
Being from the United States, I have felt that the tax rate has been high for many years. If you look at the US, which is considered a high-income country, the tax revenue is high, equaling about 24% of gross domestic product (GDP) in 2018.
Below is a chart that compares the tax rates of the US with other 35 members of high-income countries. These 35 countries represent the member countries of the Organisation for Economic Co-operation and Development. The reality of the situation is that the tax rate of the 35 high-income countries averages around 34%.
If you want to build long-term wealth it makes sense to research countries where the tax rate is much lower. The good news is that there are a number of countries that are tax-free. If you look at Europe for example, European countries, for the most part, have relatively high taxes.
But there are several tax-free countries, territorial tax countries, and countries with tax exemptions that provide a great opportunity for entrepreneurs to keep more of their own money. These European countries include: Monaco, Portugal, Georgia, Switzerland, Italy, Gibraltar, Channel Islands, Malta, United Kingdom, Ireland, Cyprus, and Montenegro. Check out these other tax-free countries in another YouTube video from Nomad Capitalist.
Intentional Mindset
If you want to be truly successful and take yourself to the next level, put yourself in that environment. When you travel overseas, have the intention of seeking out individuals that are living at a higher level. By seeking out individuals that are living at a higher level it will allow you to live more intentionally and grow into that mindset.
Being Wealthy As Your Top Priority
The COVID-19 pandemic is interesting because now no one can say that they are too busy. The world is going through a big reset. Don’t be afraid to give up the good and go for the great. However, always remember that it is more important to be happy than to be rich. I believe these are words to first consider and then to live by.
Passion For Work
If you have a passion for work, you realize that there is no passion to be found in playing small. Don’t settle for a life that is less than the one you are capable of living. Develop a passion for lifelong learning.
Don’t just live for the moment. Think about and plan to have the necessary money for retirement early. Set a goal of retiring early. Right now the FIRE movement (financial independence, retire early) is gaining traction through online communities where people share blogs, podcasts, and online discussions.
Eight Key Points To Become A High Net Worth Individual:
Focus On Goals, Not Numbers
Increase Your Risk Tolerance
Rely On Yourself
Set Targets
Increase Your Active Income
Save More Than You Spend
Live Wealthy, Live Rich
Diversify What’s Left
Diversify With Real Estate
One of the best ways to diversify your assets is to invest in real estate. Many countries have very good tax advantages to owning property. Here is an excellent article on investing in real estate: Real Estate Investing Strategies That Work Every Time.
Conclusions
How to become a high net worth individual is important because it typically means that you have grown your wealth and are holding financial assets with a value greater than US$1 million. Please check out the YouTube video How To Become an Ultra High-Net Worth Individual. This video by Andrew Hendersen is a gem because it contains many tips that will help you to achieve this goal. It contains many of the ingredients to take your life to the next level of success.
What popular articles and blogs do you recommend?
Finally, what if I said that there is actually an equation for wealth. How would you feel then? Please read my blog on how to Build Unlimited Wealth With Money’s Untold Truth. By building unlimited wealth with money’s untold truth you can achieve your dreams and live an amazing lifestyle.
Please leave a comment and share your thoughts on increasing your wealth and net worth. Everyone please stay safe and look for my next blog. Best wishes!
Matthew 7:8 NLT
8 For everyone who asks, receives. Everyone who seeks, finds. And to everyone who knocks, the door will be opened.
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Buy Colombia Property. Photo of Medellin. Photo credit: Unsplash. Thank you to Daniel Vargas.
Updated April 13, 2024. Everyone can buy and own property in Colombia, South America. If you are looking to invest in property in Latin America, especially if you are from another country, Colombia, South America, should be high on your list of destination choices. The Colombian people are friendly and they welcome foreigner people to Colombia. The climate is also very welcoming, with a variety of landscapes that will meet the needs of many buyers. As well, Colombia has one of the strongest performing economies. In addition, the price points for the real estate properties are particularly affordable in this Latin American region.
Consider Buying A Property Overseas
There are benefits that you might want to consider for buying real estate overseas. Andrew Henderson, from the YouTube blog Nomad Capitalist, emphasizes that people from the United States, Canada or Australia might want to sell their property in these countries and invest in overseas properties. Check out Andrew’s YouTube video called the Benefits of International Real Estate Ownership.
Andrew points out that the problem with investing in the U.S., Canada and Australia are that the property returns are low and the taxes are high. For example, in Australia the returns on rental properties are like 1 to 2% only! If you consider buying a property in another country many times the returns are much higher and you can have a friend run the property management for your off shore properties. But, not in Colombia, South America. The attractive reality is that everyone can buy and own property in Colombia!
Colombia Has Very Nice Rental Returns
Let’s take a look at the Colombian property rental revenues. If you buy a residential apartment to rent in Colombia, I would say you are looking at a minimum of a 12% average return. Then add in the increasing value of the real estate of 10% on average for the last three years. Not too bad, right! I first came to Colombia in 2005. I have watched every year as the economy and housing prices haven’t gone down, they just continue to increase. For this reason, the housing market in Colombia, South America is one of the best kept secrets in the world!
Looking For Global Asset Protection?
Another reason that people look at global real estate is the idea of asset protection. This is kind of like a form of government insurance. You can protect yourself not only on an asset basis, but you can protect yourself from some of the madness that’s going on around the world today because everyone can buy and own property in Colombia. To me, that is a win.
In addition, if you are a U.S. citizen or some other countries citizen that has foreign tax rules, this is one of the few ways that you can legally have a non reportable asset. For example, if you are a U.S. citizen and want to buy a house or some land overseas in another country you can do it. You can wire the money overseas and pay in cash.
There is not an IRS form on which you need to report. There is an FBAR, or an FATCA to report a lot of assets. But not for foreign real estate or in the precious metal of gold. This is fantastic, because in the U.S. you have to pay taxes on the income from any property. But if you want to park money in foreign real estate and enjoy the appreciation you can do it with relative safety and it is non-reportable.
Be Well Diversified In Your Investments
The last reason why you might want to consider buying foreign real estate is because doing so is part of being well diversified in your investments. Perhaps you have always dreamed of having a second home or vacation home in another country that you could go to spend part of your time. In Colombia, it is possible that you could get a residence permit by owning property here.
It is also possible that if you spend some time here in Colombia it can lead to a residency permit. Depending on the size of your Colombian investment, you can apply for a one-year or five-year visa. There is also the possibility that you can become a citizen as well. This citizenship gives you other opportunities as well. To give you an example, your Colombian real estate is also a safe and secluded place to go if you are worried about chaos in the world.
The Legal Process Of Buying Property In Colombia
If you are a foreigner, you can in fact buy property in Colombia. The Colombian government recognizes the importance of foreign investment. The good news is that the procedure is the exact same process for foreign individuals as it is for locals! The only requirements are you need to have a valid passport and sufficient funds for the purchase of the real estate.
No National Licensing Systems
The real estate market operates very differently than your home country if you are from North America or many Eurpean countries. Here in Colombia, there is no national licensing system in place. This is a turn around if you are from a country like the United States or Canada where the agents are always trying to ask for and demand the exclusive rights on your property.
As a result, not having a national licensing system in Colombia has led to a proliferation of real estate agencies called inmobilarias. Many investors will be surprised to find out that it is very uncommon for sellers to have exclusive agreements with what are called inmobiliarias. This is good news if you are used to paying much higher fees for buying or selling properties. If you have been paying high fees to brokers, you are going to really like the commission rates in Colombia.
Nice Commission Rates
The standard commission for real estate agents in Colombia is just 3%. The great news: quite often the 3% fee is split 1.5% and 1.5% between the buyers and sellers agents. In short, here in Colombia, the low commissions are very nice for buyers and sellers!
Highly Negotiable Property Prices
Overall, is important to point out that here in Colombia, in Bogota and Medellin for instance, it is not uncommon for a property to be for sale for many months before a buyer is found. So, the huge advantage is: most property prices are highly negotiable.
Hide The Fact That You Are A Foreigner
Have a real estate professional do the research on the properties that interest you, how long they have been on the market, and how motivated the sellers might be. I recommend always using a local agent to negotiate the price. Hide the fact that you are a foreigner because this may cause some type of discrimination. Here is the secret: only reveal that you are actually a foreigner after the Promesa de Compraventa has been signed.
Three Necessary Tips
Everyone can buy and own property in Colombia. Here are three more tips that you need to do.
Firstly, is to open a Colombian bank account. Again I highly recommend working with real estate team because this step can be a daunting one. So get the right help from the beginning. Your real estate team will be able to help you determine certain details such as whether to buy in your name or in your company’s name.
Secondly, make sure to leave a paper trail. Buying real estate is easy to mess up, but a smooth operation when done by professionals.
Finally, hire an attorney. Having a good attorney will help with the stresses of an international real estate venture.
Legal Process To Buy Colombian Real Estate
I have found an excellent article called How To Buy Property In Colombia: The Legal Process, written by the legal team Colombia at bizlatinhub.com. Below the the steps needed so that everyone can buy and own property in Colombia.
First, find the property that you are interested in investing in. Then acquire a Certificate of Tradition and Liberty or ‘Certificado de Tradición y Libertad’. The Certificate of Tradition and Liberty contains all the information about the property and the properties history.
The properties history includes ownership records, mortgage history, legal claims on the property as well as any works carried out on the property. This property work includes when significant work to the property has taken place.
You can request the Certificate of Tradition and Liberty at the Registry Office. Requesting the Certificate of Tradition and Liberty will cost $15,700 pesos. Or if you convert Colombian pesos to dollars,about $4.60 USD. Nice price right? Welcome to the prices of Colombia!
Taxes and Fees Of Buying Property In Colombia
You want to ensure that the previous owner has paid all of the outstanding taxes on the property. You need to obtain these two certificates directly from the owner:
Tax free property certificate (Paz y Salvo Predial). This certificate guarantees that all the municipal taxes on the property have been paid.
Tax free on value gained property certificate (Paz y Salvo Valorización). This certificate guarantees that all taxes have been paid on the increase in value of the property.
Buyers Fees
At the time of purchasing the property, the buyer must pay different taxes and fees which total 1.65% of the value of the property. The 1.65% value of the property consists of:
1% tax on the property’s value for the registration of the property.
0.5 % fee of the property’s value for the registration of the property.
0.15% fee of the property’s value for the notary.
Sellers Fees
The seller of the property must pay between 3.63% and 4.79% of the total value of the property in taxes and fees:
0.15% fee of the property’s value for the notary.
3-4 % (including 19%VAT – value added tax) fee of the property’s value for the real estate agents.
Final Step For Buying Property In Colombia
The final step to buying property in Colombia is the signing of the Public Deed or ‘Escritura pública’ and this will confirm you as the new legal owner of the property. The Public Deed is a written legal instrument and you must hire a notary to produce it. The following taxes and fees apply:
Public Deed Fees
0.25% fee of the property’s value for the notary.
1% of the value of the transaction as an advance payment to be applied to the Income Tax.
Once the Public Deed is paid for and signed, it gets registered at the Registry Office and then consequently at the Cadastre or ‘Subdirección de Catastro’ where you will be officially registered as the new owner of the property.
Buy And Own Property In Colombia
There you have it. In conclusion, everyone can buy and own property in Colombia! To prepare, I would definitely recommend doing more due diligence on specific property regions and areas that you may be interested in. I would also recommend looking at property in Bogota or property in Medellin. Both of these locations have the potential for excellent returns. If you have a question or need more help, please send me a message.
Did you know that there is actually an equation for wealth? I invite you to check out my blog on how to Build Unlimited Wealth With Money’s Untold Truth and achieve your dreams and living an amazing lifetyle.
Until my next blog, best wishes!
Deuteronomy 8:18. But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.
Matthew 7:8 NLT. For everyone who asks, receives. Everyone who seeks, finds. And everyone who knocks, the door will be opened.
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Updated April 13, 2024. Say that you want to buy houses, but you don’t have cash or credit. In addition to not having cash or credit, you don’t think you would qualify for a home mortgage. What is the answer? You have read books and videos about investing in real estate. Again, are there any options available to buy houses without cash or credit? The answer is yes! You can be buying houses right now using creative financing without any cash or credit.
Three Ways To Buy Houses
Here are three ways that you can buy houses without cash or credit. All you definitely need is a really motivated seller. If the seller isn’t really motivated, the answer is simple. Wait for the next deal to come up.
The three options to buying houses that we will go over in more depth are: owner financing, subject to, and lease options.
Owner Financing
Owner financing is a transaction in which the property owner finances the purchase directly with the person or entity buying the property, either in whole or in part. This type of arrangement can be advantageous for both the buy and the seller. Basically, it eliminates the costs of a mortgage from a bank. As the real estate investor, ask for $0 down payment, and an interest only payment.
If you have ever purchased a house before, you know that when the house ownership changes hands it seems everyone wants a piece of the pie, so to speak. The mortgage is part of this equation because a part of the mortgage each month always goes to pay down the principal. If you can negotiate an interest only payment with the seller, you will pay down the price of the property more quickly.
Subject To
Subject to means that the investor will offer to take over the original owners payments because the owner was falling behind. Why would anyone agree to leave their name on the loan and let you become the new owner? There is a rule in business that says “you are not your customer.” So you can’t really put yourself in the owner’s shoes. For whatever the reason, the original owner is highly motivated to get rid of their property. The good news is that luckily you are there to creatively solve the issues and problems so the owners can get on with their lives.
You agree to take over the original owners payments. Why would you do this? There are two reasons. One: time is of the essence. You don’t have time to see if you qualify for a mortgage. The owner’s want out now. The second reason: the original owners payments are less than the bank would give to an investor by a few percent points. So use the mortgage that is already in place. Basically, the bank doesn’t care where the money is coming from each month to pay the mortgage. The bank just wants the money each and every month. After you take ownership of the property, then you can start to consider if having your own mortgage makes sense for this property.
Lease Options
Lease options. The buyer investor pays the seller option money for the right to purchase the property at a later date. The buyer and the seller can agree to a purchase price at the inception of the agreement. Perhaps the buyer might agree to pay market value at the time the option is exercised. As a result, owner financing and subject to do not work.
If owner financing doesn’t work because there is already a mortgage on the property, and in addition, subject to doesn’t work because probably they owe too much based on the value of the house. If that is the situation, then a lease option could make the deal work.
Lease Option Agreement Example
The value of the house or apartment is $150,000. The loan on the property is $140,000. The investor would agree to lease the property for a period of say five years for $1000 a month with the option to purchase the property for $145,000. Then you, the investor, can rent out the property. Keep the original owner’s mortgage in place and just make payments. Check the numbers and make sure you are positive with your cash flow.
Depending on the location of the house, if the area is appreciating, in five years you could exercise your option and purchase the property. However, if the area is depreciating you may be better off deciding to not purchase the property. In this instance you can always try to renegotiate the price of the property to an agreeable value.
No Excuses For Owning Multiple Properties
So there you have it. These are three awesome ways to buy houses without cash or credit! Many real estate investor professionals use these three ways exclusively in their careers. If you are looking to invest in real estate or looking to take real estate investment to the next level, seriously consider the techniques we have just talked about.
I know real estate investors that stick to these three buying techniques and have the profits each month from hundreds of property rental houses that they control. Therefore, if are interested in finding out how they do it, please read my blog on the best three ways to Boost Your Rental Property Cash Flows.
What popular articles and blogs do you recommend?
Finally, if you are interested in Becoming A High-Net Worth Individual, please read my blog and watch the YouTube video by a fancinating guy named Andrew Hendersen, founder of Nomad Capitalist. He believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”
Best wishes to you in achieving your financial freedom sooner!
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Updated April 13, 2024. Ever wondered if there was a way to get more money from your rental houses? In my opinion I believe these are the best three ways to boost your rental property cash flows into a real cash flowing machine.
There are three ways to dramatically increase the rental income for a property. Do you have rental houses that are close to colleges or universities? Do you have a vacation rental property that is close to the beach? The three kinds of rental properties that you could be making more money are student housing, vacation rentals, and my favorite: rent to own.
Let’s take a look at the 3 ways to boost your rental property cash flows into a real estate cash flowing machine.
Difficulty Finding Good Rental Tenants?
If you have or are thinking about buying other houses as rental units you can significantly increase the rent from these houses. Let me show you how. Let’s suppose that you decide to rent out a property. One of the problems is the occupant. What if the tenant decides not to pay the rent? You are getting no money on that unit. This is a huge problem because on most properties you still have taxes, insurance, maintenance, management fees, etc. On top of that many times you have a big mortgage to pay every month.
So if the tenant decides to move out you have a real financial issue on your hands. If you think about it, if the family moves out of the rental unit for one month so that it is vacant, a lot of time that will remove all the cash flow for the entire year for that property. So basically you have to have a 0% vacancy on the rental houses to make them work. But 0% vacancy is not realistic. In the real world, the reality is that some renters don’t always pay you.
Problems With Rental Cap Rates And NOI
The other problem is a lot of the time the rental houses will have a low cap rate. Say you rent out a property to a tenant for $1,200 a month. But then say you have to deduct the $100 for the taxes, $75 insurance, $100 property management fees, and $125 for maintenance. These costs total $400. So $1200 rent – $400 = $800 NOI (net operating income). In this example, after paying all the expenses you will have $800. Then multiply the $800 x 12 = $9,600 is what you receive each year for renting out this house. BUT this is assuming that you do not have a mortgage.
Determining Property Cap Rates For Rentals
To determine the cap rate you need to take the NOI of $9,600 and divide by the purchase price of the house. The typical family single home prices vary widely in the world. But let’s say that the cost for purchasing this house is $150,000. So $9,600 divided by $150,000 = 6.4 cap rate. A cap rate of 6.4 is bad. Most real estate investors look for a cap rate of 10 or above.
Blueprint To Boost Cap Rate On The Same Property
So here is the millionaire dollar question. How do we increase the cap rate above 10 on the same property? The cap rate is so bad in the example above we just looked at because the cost to purchase the house is so much more than the rental rate. Therefore in order to make this house a cash flowing machine we are going to have to get very creative.
Now let’s take this very same house and not change anything at all. We want to have a house that a person could move in and live in that home as their primary residence. Basically we still have the highest and best use of the house: a single family residence has the highest and best use.
There are three ways to boost your rental property cash flows. These three techniques will greatly improve your cash flow each time you find another house to buy. Let’s take a look at the 3 ways to boost your rental property cash flows into a real estate cash flowing machine.
3 Ways To Boost Your Rental Cash Flows
Idea #1 Student Housing
Are there universities, colleges or specialty schools in the area of the rental house? If the answer is yes, then get some more furniture and you can rent out the house by the room. The furniture for student housing can be bought very inexpensively at a second hand store and that will be fine for student housing.
Say the rental house has four bedrooms. You rent the house for $550 per room. 4 bedrooms x $550 = $2,200. Not bad right? $1,200 to a family or $2,200 for student housing and you market the student housing directly to the college or university.
Now usually you have to time it right because there are certain times of year that students will be looking for their housing. Once the students find their housing they are locked in for a year. You just have the parents co-sign, that way you are going to get paid no matter what. Once the students are there at the rental house, they will tell other students and the student rental house will be all set for years. This is an awesome way to turn a rental house into a cash flowing machine!
Idea #2 Vacation Rentals
Vacation rentals are the perfect way to rent your house if you are by the beach or by a beautiful place in the mountains. For most vacation rentals you are renting by the night. Let’s again use our example of the rental house with four bedrooms. This four bedroom rental house could easily rent for $4,000 a month. Compare $4,00 a month vacation rental to $1,200 a month for a normal typical family! What a huge difference between $4,000 a month versus $1,200 a month!
Remember though that there are a couple of expenses. One is furniture. This furniture needs to be a little bit more expensive. You need to be thinking about people writing positive reviews of your vacation rental. A little bit nicer furniture will positively impress the photos when people are looking online to decide which house to rent for their vacation. You may have to spend $5,000 or more on furniture depending on your location.
The other expense is utilities. Depending on the location of your vacation rental property, the utility bills could be a larger expense. Factor in air conditioning, gas, water, electricity, as well as internet and cable.
Earlier I was talking about cap rates for this four bedroom rental house. I was saying that to rent this unit to a typical family produces a cap rate of 6.4. A 6.4 cap rate is lousy. But here are the cap rates for student housing and a vacation rental.
Student Housing & Vacation Rentals Cap Rates
Student housing with purchasing second hand furniture: Double the cap rate of 6.4. Here you are looking at 10 or 12+ cap rate. Now you have a much better rental solution!
Vacation rentals with nicer furniture and possibly larger utilities: The cap rate can go to 20+. As you can see, a 20+ cap rate is awesome! But the best part is this. People come, stay, and then leave. You don’t have to worry about evictions because the people are there on their vacation! You have so much money coming from your vacation rental that you can afford some of the hassles (like little things getting broken) that will happen when people stay.
Idea #3 Rent To Own
Rent to own is a beautiful way to build nice profits in residential real estate. The big secret is this: so few people are doing this technique! People don’t know about it. The other real estate investors are concerned and there are not that many professionals that the other investors can call and ask for help. Please check out the laws of your rental properties to make sure that their are no laws against rent to own properties.
This technique is huge because for the most part student housing or vacation rentals are not an option for many cities and locations. There is no school nearby and it is not a vacation destination. So what do you do in these cases to turn the house into a cash flowing machine?
Setting Up A Rent To Own In Order To Boost Cash Flows
You have to offer the house on a rent to own rental agreement. Here is how to set up the rent to own strategy:
Get an upfront, non-refundable option payment. When the people are first moving in, they are getting a lease with you (one document), and another document which is the option to purchase the property at a specified price when they first move in (second document). To get that option they are going to pay you upfront.
How much are they going to pay you? Could be anywhere from $5,000 to $10,000 or even more. Can you believe it?! Anybody could ask for $2,000. If you are good at marketing you can get even more. A lot of people have mattress money (more than you think). They have this money, especially around tax return time when they are getting a tax refund. Around the month of April in the US is a huge time of year for the rent to own strategy.
Move All Maintenance To Tenants & New Owners
Push all maintenance to the tenants. As a result, there is no more maintenance. They are becoming the owner of the property. If something bad happens, that is all them. For this reason, you can push all maintenance off to the new owners. Important: there are certain tenant and landlord laws that will supercede this. For example, even though the tenants signed an agreement saying that they will maintain the property, if the HVAC goes out, the owner might have to fix it.
So be wise and check and see what the laws in your area look like. But for the most part, this will save you $125 in maintenance that we were talking about previously in the four bedroom rental house example. This is awesome because now the tenants are handling the maintenance!
Higher rental amount. Usually the tenants want to pay less rent for the house. Normally. But here you can do rent credits. Check with your location to see if this is allowed. Rent credits allow you to raise the rental rate. Say rent is normally $1,200 a month. You bump that up to $1,400 a month. Then you give the tenants a credit of $300 a month. The tenants can use the $300 credits to reduce the price of the house when they are going to purchase.
Big Secret About Rent To Own Properties
Here is the big secret to rent to own properties. Ready? Over 90% of the people who do a rent to own will NEVER EVER exercise their option to purchase. They are NOT going to buy the property in almost all cases. So relax and do not worry. The probability is that no one will buy your rental home.
Now if you keep renting the rental house out, the probability will increase that someone will eventually buy your rental house. But if you keep doing the rent to own strategy, the rental house profits should make you very happy. If one out of ten buys your property, it’s ok. Just go and buy another property. It is a win-win situation.
What I love is this. With the rent to own houses I get the money up front. What if there is a problem and you have to evict the tenants? If that’s the case you already have money up front to do it. As well, what if you have to replace the interior of the house with new carpet and paint? Again you have the money to do these renovations as well. Whatever happens, with the upfront money you already have, you are covered!
I often get the question: why do people do the rent to own and then change their mind? The reason is because these people typically don’t have a better financial situation tomorrow than they do today. Typically these people are just not trying to better and improve their lives like you.
Advertise Your Rental Property
The rent to own is so exciting because so few people are doing it! If you put up a signs around town that say:
With this sign you will get hundreds of phone calls. You will have to get up a different phone to handle taking the messages you will receive. The phone will ring off the hook. This Rent To Own sign will work in urban or rural areas. It really doesn’t matter. Why? Because there is a huge population of people who want the OPPORTUNITY to rent to own their own home and almost no one offers it!
Examples Of How To Make The Phone Ring
So when you do it and the phone starts ringing you will find out that the majority of the people have some problems. Examples? No jobs, and no money to put down. Get a voicemail message machine. I say in the message on the answering machine that I am looking for people who have $5,000 dollars to put down and $3,000 dollars earnings a month. Please leave your information. You are going to have to filter the people because you will get hundreds of calls. Believe me, you will not have an issue with potential people to screen when looking for the right tenant.
Improve Your Cash Flow Today
There are three ways to boost your rental property cash flows. The best three rental properties are student housing, vacation rentals, and my favorite: rent to own. These three techniques will greatly improve your cash flow each time you find another house to buy. These strategies are the foundation of any creative real estate investor, and in my opinion, these strategies will build you wealth as a real estate entrepreneur.
What popular articles and blogs do you recommend?
If you are interested in finding out the secret to buying houses when you don’t have the necessary cash, please read my blog: Buy Houses Without Cash Or Credit to get you on the right path for creating wealth.
If you are interested in Becoming A High-Net Worth Individual, please read my blog and watch the YouTube video by a fancinating guy named Andrew Hendersen, founder of Nomad Capitalist. He believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”
Best wishes! Until then, watch for my next blog….
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Stack of $100 US dollar banknotes. Photo credit: depositphotos.com
Real Estate Myths
Updated April 13, 2024. There are a lot of myths in real estate investing. One of these myths is the most successful real estate professionals have perfect timing. However, if you think of this, it is absolutely not true. This would mean that these “professionals” buy when the economy is down and sell when the economy hits the absolute peak. Well this my happen sometimes, but the vast majority of the most successful real estate professionals apply specific strategies that always work. Here are three real estate investing strategies that work every time.
Three Strategies That Work
These three real estate strategies are: residential rentals; wholesaling; and fix and flip. These three strategies are among the most popular real estate strategies that produce consistent results regardless of the timing. Think about this for a moment, when you are doing your best financially it is usually in a good economy. Why? The prices of real estate are going up. For example, right now in January 2020 the prices of real estate are trending higher.
The Secret For Real Estate Guru’s Timing
The question is: how can you time it so that you can buy when the prices are low and sell when the prices are high? Well…
You can’t do it. It doesn’t make any sense unfortunately. You cannot take advantage of something like that. Clearly, you are not in that type of situation. If you think about it, it is really impossible to predict the future six months or a year from now.
The Future Is Not As Certain As The Past
Everyone knows the past. But how about this: right now are we in a real estate bubble? Some will say yes and others will say no. The point is no one has a crystal ball and can predict the future. No one really knows until we can look back six months or a year from now and can see what really happened.
What makes these strategies so important is that regardless if you have enough money in your pocket, and regardless if you can time the market, you can do these three strategies to increase your wealth.
Gain More Wisdom As Time Passes
As you get older you get smarter. You gain wisdom, knowledge and understanding. So with each year you are better and have more tools to be a real estate investor. Therefore, with each potential year you can apply the wisdom you have gained so you can apply it quickly to each house or apartment.
These three strategies will transform the way you look at real estate investing in the future. That way you can apply them at any moment in time. Then with more experience you will get better and better at them over time and become successful.
Here Are The Three Real Estate Strategies
Let’s get back to the three real estate strategies. This is my blueprint of the three real estate investing strategies that work every time and in any market. So our strategy is a combination of residential rentals, wholesaling and then balance that with rehabs to resell.
Residential Rental
The first one is rentals. But more specifically we am talking about residential real estate where people live in the property. People always need a place to live in good times and bad times. Typically when the economy goes down more people will rent. Residential rentals will always work if the numbers work. In fact, buying rentals will increase a person’s wealth more than any other strategy out there. If you do this correctly, are you ready to be a millionaire??!!
Need For More Capital
But the problem with rentals is that you need money. You need money for the down payment, money to fix up the house in some cases, money in the form of something like a line of credit so that if a tenant doesn’t pay you have to pay the mortgage temporarily while you evict and the related legal fees.
Wholesaling
This is where wholesaling comes into place. You put a property under contract directly from the seller. There are no agents listing the house on the MLS, these are off market deals. You go directly to the seller and made a deal.
Then you need to resell the property to a retail buyer or an investor. Basically you’re getting the property under contract at a wholesale or lower price and then you sell the property to another investor or at retail. Look to buy single family residences if possible. We recommend single family houses because they are the most plentiful. But depending on your market this could be apartments or condos. Here is the good news, in this real estate market right now, this strategy is working very well!
Right now, after 2018 and 2019, when a lot of people made money in the stock market, people are looking at real estate after the shakiness they saw in 2019 in the stock market. A lot of these people are in there 50’s or 60’s and are looking to invest their money wisely and some are looking to park their money in real estate.
When selling the wholesale properties, look for what are called sucker buyers. These are people that will offer you the most for the house that you have under contract. These people are willing to pay ever more for the house than you know it is worth.
If the dollar value from these buyer’s is the best price for the house, ask if they have all the documents to do a mortgage with a lender. Also, be sure to ask if they have approval for a mortgage. Obviously time is of the essence.
90% Of Investors Only Do 1 Deal
Have you heard that over 90% of real estate investors do one deal only? One deal! This means that only 10% are doing one deal after the other. The 90% may have lost money or not make much money. These 90% come in and buy one house. They go fix it up themselves. Then they realize it was a lot harder and a lot more work than they thought. Then guess what? They go and move on to something else in life.
So these 90% are always new people every time you wholesale a house. Can you believe it?! Remarkably this is very much the case. Therefore, take advantage of this never ending source of retail buyers!
Wholesaling Will Always Work
Wholesaling will always work because there will always be new people wanting to buy houses to fix them up. On top of this, houses are always deteriorating over time. For example: bad roofing, exteriors, the look of the houses is constantly changing, floor styles, paint colors, kitchens, bathrooms, etc.
Houses always need to be remodeled on a consistent basis. Always. If the houses are not constantly being maintained and improved, then the house becomes more difficult to sell and falls into the wholesaling category.
There are people that are looking to buy real estate thinking they are going to get rich quick. You absolutely cannot lose if you buy these wholesale houses at the right price. These three real estate investing strategies that work every time are a no-brainer, win-win-win situation!
Fix & Flip / Rehab And Resell
The third way to make money on houses is fix and flip or it is also called rehab and resell. This is where you buy the house, fix it back up and resell it. The reason why this always exists is again the fact that residential real estate is always deteriorating. Once you buy the house and get everything in your home, generally people are reluctant to fix everything.
For one thing, it is expensive, and it is a difficult task when you have all of your stuff in the house already. So the majority of people that buy homes normally don’t fix them up continuously to keep the market value increasing as the housing that are looking to be resold.
Look For Distressed Properties
There are always going to be deals in the real estate markets. One reason for these deals is that something happened that is completely separate from the market. These are what we call personal issues. A perfect example of this is a grandparent passes away and deeds the property to a son or daughter.
In case the son or daughter is extremely happy, but a lot of the time the son or daughter is broke financially and doesn’t have the money to handle this house. Often the son or daughter just wants money and they want it right now.
To top it off, the person who owned the house originally hasn’t done repairs in a long time. The house is old and outdated. This is a personal issue that is always going to exist. There will always be people passing away. This creates a consistency that will always need to be filled.
You may have the question of “What if I am in a market that is no longer hot. When people are no longer selling their houses for top dollar. Properties are sitting on the market longer. How do I buy a property and make sure I can do the rehab and resell and still make a profit?”
First of all, it is very important that you move quickly. You have to have all of your contractors lined up and ready to go. If you are not in a position of rehabbing the property in one to two months and get the property back on the market, you want to consider wholesaling.
Put Houses Back On The Market Quickly
So be careful about sitting on a property. One thing is fixing the property as fast as possible. The other factor is how fast you sell the property. You need to put the property on the market for as low of a price as possible. By doing this, you can generate instant offers. It has got to be fast. The rehab and resale of the property will always work consistently as long as you move fast.
If you need to get permits and other government documents you better consider your options. Sometimes the government is going to take months to approve things. That will slow down progress substantially. If you work on a property for six months, let me ask you a question. Do you know what is going to happen six months down the road? The answer is no. I have no idea what the economy is going to be like six months in the future.
Sometimes you can get fortunate when the market continues to go up. You can make a lot of mistakes in the last few years and still come out nicely when the market continues to go up and you have been able to fix your own problems. But now certain market in the upper price points things are not like that anymore. Builders have built enough inventory. An example is the coastal markets in the United States, especially in the west coast where prices have leveled off when you get up above the prices for affordable houses. You tend to see a lot more inventory in the luxury house markets, so be careful.
Do All Three Strategies To Create Wealth
There are a lot of myths in real estate investing. However, the vast majority of the most successful real estate professionals apply specific strategies that always work. We hope you liked my blueprint of the three real estate investing strategies that work every time.
What is nice about wholesaling is that you have a lot less risk. The problem with wholesaling is that you don’t make as much money. You will make a fraction of the price that someone is going to pay in the end to own the house. When you buy a property wholesale, then rehab and resell the property you are selling to a retail buyer. Retail buyers pay the most money. So you can make more profit.
But wholesaling has less risk. So a strategy that works very well is a combination of wholesaling and then balance that with rehab to resell. This way you are always flipping properties. With this strategy you can build up enough cash and capital so that you can start buying some residential rental properties. The residential rentals can then create long-term wealth.
If you are interested in Becoming A High Net Worth Individual, please read my blog and watch the YouTube video by a fancinating guy named Andrew Hendersen, founder of Nomad Capitalist. He believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”
These three real estate investing strategies that work every time are the keys that have made real estate investors very wealthy. They are the win-win-win strategy to real estate wealth. I have made very nice profits with these property strategies and I am sure you can too. Until next time, best wishes!
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Updated April 13, 2024. Which is potentially better? Buying stocks versus real estate investing. The best answer is that the stock market tends to increase in value faster than real estate. Historically, from 1968 to 2009, the S&P 500 has resulted in returns of 7.5% annually. But real estate prices head in the direction of outpacing inflation, but just slightly. After accounting for inflation, home prices have increased by 1.5% per year.
But, after accounting for inflation, stocks have returns of approximately 7% per year. Remarkably, the stock market gain of 7% is 4.65 times the rate of real estate. But there is more information to think about. In reality, stocks have experienced more peaks and valleys, making them a far riskier investment.
But numbers don’t tell the whole performance story. You also have to look at the impact of tax advantages, income yield, and the fact that real estate investments often allow for significant leverage.
Which investment is best depends on more than just their returns; other factors must be considered. But if history is an indicator of future performance, both stand to produce attractive gains in the long run.
The Benefits of Investing in Real Estate
In real life, real estate has higher risk-adjusted returns than the stock market. Despite their potential to generate sizeable returns, stocks have no tangible value; on the other hand, real estate is a valuable, tangible asset and profit generator.
The Big HOWEVER…
One reason why real estate as an investment has better annual returns is leverage. With real estate, the investor can do a significant amount of financing to leverage the property and purchase the property without adding a lot of risk to the investment.
However, real estate as an investment has a much stronger return POTENTIAL, especially with rental properties. Not to mention the awesome tax advantages.
Tax Advantages of Rental Properties
Operating expenses are deductible
Mortgage interest is deductible
Depreciation deduction of 27.5 years for buildings
Defer capital gains tax
Owner expenses are also tax deductible
Avoid FICA taxes
Qualify for pass-through deduction
Two Real Estate Investment Scenarios
This leverage can amplify small returns greatly. Let’s say you decide to buy a house or apartment for $100,000 using your own money. Say the value of the house increases by 3%. $100,000 times 3% equals $103,000. This means you have earned $3,000 on your initial investment of $100,000.
Now let’s say you find a house or apartment and purchase it for $500,000. But you only invest $100,000 of your money. Then you finance the other $400,000 with a mortgage. Let’s say again that this property increases in value 3%. $500,000 times 3% equals $15,000 profit.
Leverage Your Way To Big Profits
So, let’s take a look at difference in the potential profits. In both cases you have made a $100,000 investment. The big difference is the leverage that you use. In the first scenario, you purchased the house with your $100,000 and did not ask for a mortgage because you already met the buy price.
Conversely, in the second scenario, you also invested $100,000, but you asked for a mortgage of $400,000. The $400,000 mortgage that you asked for here will give you more leverage when you own the $500,000 house or apartment.
In the second scenario, you are using more advantageously using leverage. In the second scenario, you have now increased your potential profit to $15,000 versus the $3,000 with the same $100,000 investment in both cases.
Big Difference In Returns Is Leverage
In the second case, the leverage increased your returns by $12,000 for the same initial investment. Not bad…. But keep in mind that when you borrow money from a lender you usually have to pay the lender an origination fee at the closing as well as possibly other closing costs. Also, usually you will have to make monthly payments for each month that you own the property.
Nonetheless, most people choose to use leverage. When dealing with real estate, leverage can completely increase your returns when looking at potential investments. The idea behind leveraging real estate is to use other people’s money to increase your returns without having to put as much capital into buying the property yourself.
Many people still ask the question of which is better: buying stocks versus real estate investing? Real estate has a much stronger return POTENTIAL because of leverage. For myself, I like leverage. You can have $0 dollars and no credit. All you have to do is find the right property and put it under contract and the leverage of real estate will make you a nice return on that property.
Rent Out The Property
The other big reason that investors choose real estate is that investment properties can be rented out to generate more income. Look at the total money needed to make the mortgage and other payments each month. If you can justifiably increase the rent to cover the cost of the property, the rest is profit before taxes.
Real Estate Has Greater Potential Returns
In my opinion, real estate investments have a much greater potential return over the stock market if you look at the long-term returns. However, be that as it may, investing in real estate is arguably time consuming.
You or your management team will need to factor in the time spent to maintain your properties in order to justify having a portfolio that includes real estate. But if you take the time to set everything up properly, the investment returns on your real estate properties will dramatically increase your wealth for the long-term.
Greater Initial Time Commitment For Real Estate
If you are looking to buy houses or apartments that need to be renovated before you sell or place a tenant to rent out the property, going through this process is very time consuming. If you are perhaps younger, and have a lot of energy, this could be feasible way to invest and make nice returns. In addition, in many countries real estate investors also have enjoyed greater real estate tax advantages than have the investment in stocks.
Perhaps Best Scenario Is Invest In Both
On the other hand, if you already have a job or other time commitments, you might not have the time or energy to focus on real estate investments. I completely understand this perspective. In this scenario, maybe it would be better to focus on the stock market and buy the S&P 500 on dips.
Which is better: buying stocks versus real estate investing? Real estate has a much stronger return POTENTIAL because of leverage. Honestly, I would invest in both.
Invest On A Regular Basis In Stocks
Investing on a regular basis rather than trying to time a lump sum investment can help you become a more disciplined investor. You’re forced to invest regardless of whether the price is high or low. This takes some of the emotion out of investing and avoids any delays in putting your money to work. Most financial planners advise saving between 10% and 15% of your annual income. If you want to learn some key stock market investment strategies, please read my blog on How To Invest Wisely In The Stock Market.
Invest In Real Estate
Conceivably the best scenario is to invest in both real estate and the stock market. This way, if you have some rentals and regularly invest in the stock market, no matter what happens to the economy annually you will have a better chance of coming out ahead in the long run for retirement.
However, time is always a factor and many people have to choose. Which is better: buying stocks versus real estate investing? If you feel you are in this category, then we highly recommend real estate. We would say real estate because it has a much stronger return because of the leverage factor.
What popular articles and blogs do you recommend?
A strategy that works very well is a combination of wholesaling and then balance that with rehab to resell. This way you are always flipping properties. Please read my blog on the Real Estate Investing Strategies That Work Every Time. With this strategy you can build up enough cash and capital so that you can start buying some residential rental properties. The residential rentals can then create long-term wealth.
If you have ever wondered if there is a way to get more money from your rental houses, please read this blog on the three ways to Boost Your Rental Property Cash Flows. This article goes in-depth into the three kinds of rental properties that you could be making more money are student housing, vacation rentals, and my favorite: rent to own. This will make your rentals into a real estate cash flowing machine.
Further Reading on FinancialGoodness.com:
If you are interested in Becoming A High-Net Worth Individual, please read our blog and watch the YouTube video by a fancinating guy named Andrew Hendersen, founder of Nomad Capitalist. He believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”
Until our next blog, best wishes!
Matthew 7:8 NLT
8 For everyone who asks, receives. Everyone who seeks, finds. And to everyone who knocks, the door will be opened.
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Updated April 13, 2024. Let’s meet the best real estate neighborhoods in Bogota, Colombia! Bogota neighborhoods in the northern part of the city, or what are called Bogota North neighborhoods, are absolutely exquisite. As a result, the North Bogota areas are definitely the nicest when looking for a real estate home or an investment property.
In addition, these homes have a higher level of security. Thus, the Bogota North neighborhoods are the best and safest neighborhoods to look for a home or apartment in Bogotá, Colombia.
Similarly, let’s take a look at some of my favorite neighborhoods for buying a home or for investing in real estate. In my opinion, they are the neighborhoods of Usaquén and Chapinero.
Usaquen and Chapinero Neighborhoods
First, we will focus at the beautiful neighborhood of Usaquen and then we will take a look at the trendy neighborhood of Chapinero.
Usaquen
The best real estate neighborhoods in Bogota, Colombia would not be complete without Usaquen. Usaquen is a beautiful and charming area in the Northern part of Bogotá. Nevertheless, Usaquen still has a nice small-town feel.
Specifically, Usaquen is among the 20 localities that make up the Capital District of Bogota. However, Usaquen was a separate municipality of Cundinamarca until 1954, when it was annexed into the city. As a result, Usaquen is the 1st locality of Bogotá, capital city of Colombia, and is located in the northern part of the city.
Similarly, today Usaquen is home to more than 474,000 inhabitants as of 2017. In addition, this district is mostly inhabited by upper middle and upper class residents.
Photo of Usaquen. Photo credit: Google.
Usaquen Location
Usaquen is bordered on the north by 240 Street. To the south by 100th Street in the town of Chico. In the west, by the North Freeway, located in Suba. Finally, on the east by the Eastern Hills, a long chain of hills forming the eastern natural boundary of the Colombian capital of Bogota.
Map of Usaquén neighborhood. Photo credit: Google maps.
Usaquen Sites Of Interest
The Country Club of Bogota, in fact, is the largest golf course in Bogota (the green area that is just above the word Usaquen on the map.)
Hacienda Santa Barbara, a colonial style Hacienda that now serves as a shopping mall
Unicentro, Bogotá shopping mall, dating back to the mid seventies
Santa Ana Centro Comercial, a shopping mall
Awesome Restaurants in Usaquen
Usaquen has many outstanding restaurants housed in colonial buildings. For example, Trendy Usaquen is a foodie hotspot. In particular, the Asian fusion eateries, upscale French bistros and mellow garden cafes cluster around Usaquen Park, the district’s focal point. Similarly, the brew pubs and chic cocktail bars keep the scene buzzing until late.
Usaquen Sunday Morning Stroll
If you need rest and relaxation combined with a little exercise after a night out on the town in Bogota, the neighborhood of Usaquen is the perfect place for a Sunday morning stroll. For instance, the neighborhood of Usaquen is known for its Sunday flea market. You can walk around to see hundreds of artisans, featuring street musicians, gourmet food stands and stalls selling handmade jewelry.
Excellent Urban Cycling
If there’s one area in which Bogota is a world leader, its urban cycling in Bogota. Moreover, the great news is that the cycling route goes right through Usaquen! The metropolis of Bogota is credited with initiating the world’s first ciclovía in 1974.
As a result, Bogota has one of the world’s most extensive bike-route networks, with more than 375 km of separated, clearly marked bike paths called CicloRuta. In addition, free Bogota maps from PIT information centers show the CicloRuta paths. PIT stands for Punto de Información Turística Centro Histórico. PIT is located at Cra. 8 #9-83.
In total, about 121 km of city roads in Bogota are closed to traffic from 7am to 2pm on Sundays and holidays for the citywide Ciclovia, a well-run event to get Bogota out and bicycle around the city. If you feel like biking, you can rent a bike at Bogota Bike Tours.
Ciclovia runs along Carrera 7 all the way from La Candelaria to Usaquen. In particular, I have seen the Autopista Norte, in Usaquen, many times on Sundays. The left lane of traffic is closed with a long line of orange cones to separate the cars and the bicycles. Besides the bicycles, the bicycle lane also contains some rollerblades, scooters, skateboards, pedestrians and anything else without a motor.
Indeed, this much-copied two-wheeled happening regularly attracts around two million participants – 25% of Bogota’s population! In fact, it is amazing that so many people who ride their bikes on Sundays have smiles on their faces. Consequently, it makes me proud of the people of Bogota and their innate happiness for life.
Torca, located at the extreme north, is the largest park of Usaquen. Notably, the Country Club’s polo area was acquired by the District and transformed into a metropolitan park for northern Bogota. Undoubtedly, the Torca area is a place of absolute beautiful.
The Estratos Of Usaquen
The social classes of Usaquen are primarily the upper middle class and upper class. Hence, the socio-economic estratos are four, five and six. Consequently, in the highest estratos of five and six (six being the highest estrato), the residents pay an increase in the utility bill price for water, gas, and electricity.
Yet, when I drive around the Usaquen neighborhood it reminds me of the nicer, beautiful neighborhoods in the larger metropolitan cities of the US; London, England; Paris, France; or Madrid or Barcelona, Spain. Consequently, I really love the Usaquen area and believe it is one of the best real estate neighborhoods in Bogota, Colombia.
Usaquen Malls And Business Center
Unicentro Mall: being one of the largest malls in the city with people not only from the town of Usaquén, but from the entire city of Bogotá.
Hacienda Santa Bárbara Mall: unites the modern with the colonial architectural styles. Built on the grounds where the hacienda (the estate) was originally located.
Santa Barbara Business Center: a set of nine modern buildings between Calle 112 and 116 and between Carrera 7 and Carrera 9.
Santa Ana Mall: located on Avenida Carrera 9, is one of the most exclusive, upscale retailers in the city.
Unicentro Shopping Center in Usaquén. Photo credit: https://www.semana.com/contenidos-editoriales/esta-bogota-promete/articulo/unicentro-bogota-y-sus-programas-de-responsabilidad-social-y-ambiental/548004 Santa Barbara Business Center in Usaquén. Photo credit: https://es.wikipedia.org/wiki/Centro_Empresarial_Santa_B%C3%A1rbara#/media/Archivo:Centro_empresarial_St_b%C3%A1rbara_Bogot%C3%A1.JPG.
Important Neighborhoods in Usaquen
Furthermore, if you are interested in this area, I would highly recommend further research for the important neighborhoods in the Usaquen area. These great neighborhoods include:
Lijacá
Verbenal
San Antonio
Servitá
San Cristóbal Norte
Toberín
Barrancas
Cedritos
Bella Suiza
La Carolina
Santa Ana
Santa Barbara
San Gabriel Norte
Cantón Norte
Francisco Miranda
Las Margaritas
San Patricio
The colonial heart of Usaquén
Chapinero
The best real estate neighborhoods in Bogota, Colombia would not be complete without Chapinero. Indeed, Chapinero is touted as the hipster area of the city.
Photo of Chapinero. Photo credit: Google and Alejandra Porto.
As an example, in this neighborhood, you’ll find Bogota’s under 30 creatives, young professionals, students, and a large LGTB community. Overall, the feeling of the area is a bit more underground. Specifically, enjoy the hip eateries, coffee shops, and independent design boutiques to discover around every street corner.
Map of Chapinero neighborhood. Photo credit: Google maps.
Chapinero Location
Chapinero is located in the north of the city and is one of the more affluent districts of the city of Bogota. Consequently, this district is mostly inhabited by upper class residents. Thus, the boundaries are Calle 39 in the south, Avenida Caracas in the west, Calle 100 in the north and the Eastern Hills in the east.
Chapinero is the 2nd locality of Bogota, capital of Colombia. As well, Chapinero is among the 20 localities that make up the Capital District of Bogota. Hence, Chapinero has its own local administration that is under the jurisdiction of the District’s Government secretariat.
Chapinero’s Economy
Generally, the Chapinero economy is one of the most important commercial and economic zones of the capital city of Bogota. Banking and financial centers are headquartered along Calle 72, Carrera 7 and Calle 100. Whereas, the major shopping areas located along Carreras 11 and 15.
Furthermore, several universities are based in the located in Chapinero, including:
As well, the zone of Chapinero also includes popular dining areas and nightlife centers. For instance, look for the Zona Rosa, the Parque 93, and the Zona G (G stands for Gourmet), known for its wide selection of upscale restaurants.
Chapinero Points Of Interest
Chicó Museum (Museo del Chicó): which includes an old manor house and a surrounding park.
Our Lady of Lourdes Basilica (Basílica de Nuestra Señora de Lourdes)
93rd street park (93 Park; Parque de la 93): which is also a hot spot for upscale restaurants, bars and nightclubs.
Shopping centers:
Avenida Chile (formerly known as Granahorrar)
Centro Andino
Atlantis Plaza
El Retiro
Chapinero Alto
Finally, the best real estate neighborhoods in Bogota, Colombia would not be complete without mentioning Chapinero Alto. In contrast to the flatness of the city, Chapinero Alto (Upper Chapinero) is located between Carrera 1 and Carrera 7, as the streets begin to slope up into the mountains.
Chapinero Alto lies roughly between Calle 40 in the south and Calle 70 in the north. As a result, a lot of students live around Calle 45. This is due to its proximity to the Universidad Javeriana, one of the country’s oldest, most traditional, and prestigious institutions.
Likeable Neighborhoods In Chapinero
Finally, I would highly recommend further research for the likeable neighborhoods in the Chapinero area. These neighborhoods include:
El Nogal
El Chicó
Antiguo Country
Rosales
Villa del Cerro
Chapinero Central
Chapinero Alto
La Cabrera
El Lago
El Virrey
Quinta Camacho
Pardo Rubio
Marly
La Salle
Bosque Calderón
La Porciúncula
Conclusions
In conclusion, the neighborhoods of Usaquen and Chapinero are my favorites whether you are buying a home or looking for investments in real estate. Therefore, please research these neighborhoods further and I am sure that you amazed by the amenities and possibilities that these locations have to offer.
Again, the best real estate neighborhoods in Bogota, Colombia are in the north. The Bogota North neighborhoods are absolutely beautiful. In my opinion, the best neighborhoods are located in the neighborhoods of Usaquen and Chapinero.
Neighborhoods For Investment
If you are looking to invest in Colombia, please read my blog on the Real Estate Investing Strategies That Work Every Time. Therefore, these three real estate strategies are: residential rentals; wholesaling; and rehab and resell. All in all, these three strategies are among the most popular real estate strategies that produce consistent results regardless of the timing. Additionally, these investment strategies will increase your families long-term wealth.
If you are interested in learning the best ways to to improve your rental property cash flows, please read our blog on the three ways to Boost Your Rental Property Cash Flows. As a result, these strategies will help you build your long-term wealth as a real estate entrepreneur.
What popular articles and blogs do you recommend?
In addition, if you are interested in Becoming A High-Net Worth Individual, please read my blog and watch the YouTube video by a fancinating guy named Andrew Hendersen, founder of Nomad Capitalist. In short, he believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”
That’s it for now. By and large, I hope you have received value. Lastly, I look forward to providing you with more information and value on the great real estate investments in Colombia. Best wishes.
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
Updated April 13, 2024. Bogotá is everything a capital city should be. It is the economic, cultural and artistic heart of Colombia. Bogota should be thought of as a vibrant core and a beam of modernity. This mix is the quintessential feel of a country that is held together between the exotic Caribbean and the captivating Andes. Bogota is so much more than a mere springboard to South America. Bogota is, in fact, one of the best Colombian experiences! But the big question is, why should you invest in real estate in Bogota, Colombia?
Facts About Bogota, Colombia
Colombia’s capital city of Bogotá, the Capital District, is the country’s largest city. The population of Bogota is estimated to be at 8 million. 3 million of these people live in the areas immediately surrounding Bogota. Meaning there are 11 million people living the greater Bogotá area.
Moreover, it is also interesting that Bogota is the fourth highest capital city in the world. The altitude of Bogota is 8,600 feet or 2,640 meters above sea level. For people reading from the U.S., the city of Denver, Colorado, also called the Mile High City, has an altitude of 5,280 feet above sea level or 1609.3 meters. So, Bogota is a high city!
A view of the center of Bogotá with the Andes in the background. Photo credit: Unsplash
Bogota, Colombia Is Rapidly Growing
In the last few decades, Bogotá has been expanding rapidly. Bogotá has rising tourism, a booming economy with high consumer confidence, an expanding middle class, and falling interest rates.
Not to mention, the cultural, historic highlights that make Bogota one of the of Latin America’s most rewarding destinations. “It’s a city that’s starting to catch up and come up after being held back for a long time,” said Sam Miller. Miller is a Canadian that moved to Bogotá years ago. He loves living in Bogotá, Colombia because the air temperature is so much better than living in Canada.
Sam Miller co-founded a real estate investment company called Colombia International Real Estate (a subsidiary of Lifeafar). Miller said in a recent interview, that there are tremendous opportunities “with a growing middle class and one of the largest English-speaking populations in Latin America.
As a result, Bogota, Colombia now completes for international home buyers. The sprawling metropolis of Bogotá now has sleek skyscrapers, and some of the finest restaurants, nightlife, museums, and shopping scenes in Latin America. Let’s look at those opportunities now in Bogotá for tourism, economy, and the real estate property market forecast predictions.
Growing Tourism In Bogota, Colombia
In Bogotá and across all of Colombia, tourism is on the rise. Over the last decade or so, tourism in Colombia has soared by more than 300%. The tourism has risen from one million foreign visitors in 2006 to more than three million in 2017. Colombia is a country that has seen unprecedented tourism growth over the last ten years. Consequently, Bogotá continues to lead the way as Colombia’s most popular destination for foreign visitors.
According to Ministry of Tourism data in 2018, Bogota receives 51% of the country’s total tourist traffic, followed by Cartagena at 11%, and Medellin with 10%.
Between 2011 to 2017, the number of annual passengers arriving at Bogota’s El Dorado International airport jumped from 20 million to 31 million. Airlines have added new direct flights to Bogota from destinations like Amsterdam, Europe, and Los Angeles to accommodate the rapid increase in Bogota travel.
In 2019 and beyond, we expect steady tourism growth to continue across Bogotá and all of Colombia. Likewise, Colombia continues to shed its dangerous reputation. Subsequently, Bogota will continues to receive glowing press releases and is building its name as South America’s hub for technology and culture.
The ever-evolving city of Bogota is forecasted to continue to attract a steadily growing stream of business travelers and government workers. These business travelers and government workers are in addition to the tourists, vacationers, and remote workers attracted to the city. If you would like to invest in real estate in Bogota, Colombia, please let us know.
Economic Growth In Bogota, Colombia
All of Colombia has seen tremendous economic growth over the last ten years. The country’s economic prosperity is evident in Bogota’s positive indicators. As the seat for government and business in Colombia, Bogota averages around 30% of the country’s GDP. In particular, the city is home to most of the multinational corporations. As well as national and governmental agencies in the country.
In its American Cities of the Future report for 2017/18, the fDi Intelligence research center recognized Bogotá as having the second-best strategy for promoting foreign direct investment in South America. Bogota was second only to Sao Paulo, Brazil.
Currently, the local economy is primarily based on the service sector, including financial services and telecommunications. Looking to 2019 and beyond, we expect to see solid growth in Bogotá’s tourism and agricultural sectors.
Over the next ten years, a steady economic upturn is forecasted to continue in Bogota and across the country. This is due to increasing oil prices, steady private consumer consumption, and recovery of non-oil exports, among other variables.
Real Estate Investment Opportunities
Bogota real estate investment opportunities. Photo credit: Unsplash.
The Bogota real estate opportunities are fantastic. Bogotá (and all of Colombia) has enjoyed historic real estate growth over the last ten years. Under the administration of President Álvaro Uribe in 2003, Colombian real estate prices took a massive uptick after crime rates have decreased. Since then, property market prices have gone up steadily across Colombia, rising an average of 8% per year in Bogotá.
In our opinion, Bogota is definitely a very exciting global investment opportunity to consider. If you would like to invest in real estate in Bogota, Colombia, please let us know.
Understanding Housing Estratos
To understand real estate opportunities within the city, let’s understand how the government housing stratum system works.
In Colombia, homes are ranked in socio-economic categories known as estratos. Estrado 1 are the least expensive and Estrato 6 are the most expensive properties. Bogota has four or five estrato 6 areas versus the single estrato 6 area in Medellín. According to Rich Holman, chairman of Lifeafar, Bogota properties in estrato 6 can be as much as 40 to 60% more expensive than the same properties in Medellin.
In particular, the Bogota’s rapid economic growth and expanding middle class are putting pressure on the upper estratos. This in turn is driving up demand even further in these already pricey areas. As a result, as real estate becomes more difficult to obtain, opportunities lie in new upcoming neighborhoods that have been previously overlooked.
It should be noted that with the majority of its properties in estrato 3 and 4, the increasingly trendy Chapinero Alto is a great example of an emerging barrio.This emerging barrio has a lot of room for growth (the term barrio in Colombia is used to describe any urban area neighborhood whose geographical limits are determined locally).
Therefore, more home buyers, renters, and business owners seek affordable pricing in neighborhoods like Chapinero Alto. The increased demand and urban renewal are likely to translate to increased property prices. Consequently, investors who purchase properties in up-and-coming neighborhoods now will likely see substantial returns as real estate prices continue to climb in Bogota and across Colombia.
USD Strength Compared To The Colombian Peso
Yet another attractive reason to invest in Bogotá real estate is the current currency exchange of the Colombian peso (COP) against the U.S. dollar.
Total real estate housing units sold each year from 2018 to 2021. Photo credit: BBVA Research.
November 8, 2022 update. In Colombia, people see the purchase of housing as a great investment. The current currency rate against the US dollar continues to be a favorable opportunity to acquire new housing with exceptional financing conditions and interest rates. New homes in Colombia grew by 9.4% in 2021.
In addition, the vision for 2022 continues to be encouraging. In 2022, is projected that investment in housing will grow by 10.6%, with more than 240,000 units sold.
March 26, 2019 update. As of March 26, 2019, the COP is trading at 3,144 to the USD compared to 1,872.5 on this day eight years ago.
To illustrate, the present-day U.S. dollars investor holds 67% more buying power than investors eight years ago. Similarly, for 2019 buyers with U.S. dollars, the undervalued COP makes high-quality real estate in a rapidly appreciating market a global bargain. Furthermore, with the great exchange rate these days for the US dollar, the Colombian markets are very appealing when looking to purchase real estate.
The Bottom Line For Real Estate Investment
In conclusion, tourism and economic factors continue to improve in Bogota. In our opinion, we do not expect the rate of real estate to slow down in the next five to ten years. Sam Miller says that “in emerging neighborhoods like Chapinero Alto, we see unparalleled opportunities for substantial returns as real estate demand continues to climb.”
Thus, imagine five to ten years of growth in real estate as demand continues to climb with an average of 8% a year in Bogota! So, invest in real estate in Bogota, Colombia! Bogotá is everything a capital city should be as the tourism and economic factors continue to improve.
In future articles I will investigate different neighborhoods for investment. We will explore the neighborhoods of Usaquen, Chapinero, and Chapinero Alto. We will give you our thoughts as we look at potential properties for growing wealth through real estate investments. In our opinion, Bogota is definitely a very exciting global investment opportunity to consider. If you would like to invest in real estate in Bogota, Colombia, please let us know.
Please read my blog on how Everyone Can Buy And Own Property In Colombia. We recommend doing more due diligence on specific property regions and areas you may be interested in. We would also recommend looking at property in Bogota or property in Medellin. Both of these locations have the potential for excellent returns. If you have a question or need more help, please send us a message.
Last Updated on April 13, 2024 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge through education in the areas of personal finance, real estate, and investments. George has been an owner of a real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.
