A Well Positioned Offer

A Real Estate Investor’s Ace In The Hole

I recently talked about the continued population growth in the Dallas/Fort Worth area (click here to read the full article). Well, guess what...we’re still on fire, and with an expectation of continued growth, DFW is a rental property owner’s dream come true. Nowadays I’ve been hearing that most potential purchasers are finding it close to impossible to pick up properties at a reasonable price—between such high competition and record low inventory, sellers definitely seem to have the upper hand...so, is there any hope for investors to pick up a property and still make a profit?

I have great news for all of our wonderful Red Team clients, the answer is YES! And we’re not holding anything back...we’re showing you all four Aces!

Aside from your offer price, there are several other factors that can make or break your next purchase. Even if you don’t come in with the highest dollar offer, there are a few other things that can land you the deal. Here are 4 ways that will give you, the purchaser an upper-hand, ensuring your offer makes a real impact:

1. Option period: A shorter option period tells the seller that you are serious about the purchase and are ready to move quickly and efficiently throughout the process. Sellers can be hesitant about longer option periods in this market because if your offer falls through, they’ll be stuck waiting much longer to move on to the next.
2. Financing:Having your Pre-Approval in advance, from a lender who understands this business makes a huge difference–it shows a seller that you are organized and you will follow through with what you say.
3. Option Dollars:As a serious buyer, offering option dollars could also be a way for a seller to see your offer as more appealing, even if you aren’t one of the highest offerers. Sellers tend to see you as more serious if your Option Money is on the higher end, as you must believe, as well as the seller, that you are more likely to close the deal.
4. Cash:The old saying that Cash is King has not gone away. A cash offer sometimes will make the difference on a deal even when it is significantly lower than the asking price. Cash deals usually mean a quicker close and that the seller will have the money sooner. Note: Even if you are a buyer that is financing, the amount of cash you put down (% of purchase) can impress a seller on how serious and how strong of a buyer you are.

If you’re ready to start making money in this hot market, it really comes down to how well positioned you are coming into an offer. Red Team Real Estate has a proven track record of giving their clients the leverage needed to make the deal and make the money. If you’re considering a new purchase, we invite you to give us a call and speak with one of our experienced agents today.

Winning Clients.

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

Client Spotlight: Barto Electric

“Working with Red Team Real Estate has been beneficial to Barto Electric in numerous ways. They are extremely professional, always there to answers questions, and they care about their clients. Red Team’s service and knowledge are unmatched!”

About Barto Electric

Red Team has been in the business long enough to recognize quality workmanship when we see it. If you have any electrical related issues, Barto Electric is a great option for your needs. With multiple generations of the Barto family in this industry, there is a long-standing tradition of honesty and integrity that shines through in the end product!

For more information on our client spotlight, contact:

Steve Barto Jr.
Barto Electric
(817) 874-4913

Knowing the REAL Numbers

3 Easy Steps for Buying Profitable Properties

Just like buying a home for themselves, there is a full spectrum of reasons investors may have for buying a specific rental property. Some will buy strictly for the rental income, some will strategically buy into a neighborhood because of an expectation of appreciation, some need the tax savings and others are simply buying for the long term equity gains.

If you are interested in real estate investing, the following three steps are going to be fundamental in choosing a profitable property, as well as making it a heck of a lot easier!

• You’re not ready to start moving forward until you’ve established where you want to end. Know where you are going in advance. Set clear goals and expectations of what you want to gain from your properties.
• Finding an agent who knows your area and understands property investments is crucial! In addition, regardless of your reason(s), it is essential that the agent buying for you understands your specific short and long-term goals. Only then can they help you discern the pros and cons of individual properties.
• Do the research and project ahead. In the ever changing world of real estate there may not be any guarantees but there are many ways to ensure you’re making the right decision. If real estate investing is new to you, don’t just jump into the deep end—find someone who can help educate and guide you into the right investment.

Are you ready to take the next step?

Over the years we have worked with many clients that were ready to jump into a property that, at face value, looked like a profitable investment. But even a peach of a property can turn to a lemon without drilling out the real numbers based on your individual reasons. Red Team Real Estate has created a 12-month worksheet that will measure your goals against your purchase. This unique and valuable tool will help you visualize what a property purchase is going to look like so you can ensure you’re making the most of your investments. Call us today @ 817-921-3545 for more information and a FREE 12-month investment worksheet!

Winning. Clients.

Client Spotlight: Justin Wiggains, Goosehead Insurance

“My personal experience with Red Team Real Estate has been helpful, constructive and honest. Michael Mayes provides excellent seminars to the public by presenting priceless information on how to become and stay successful with investment properties. Red Team Real Estate brings a wealth of knowledge to each client, gives them top notch service and continues to keep their best interest a priority. When you’re searching for a straightforward, knowledgeable, professional team…the answer is Red Team Real Estate!”

The Justin Wiggains Agency-Goosehead Insurance

The Power Of Choice

We represent virtually every top rated insurance carrier in Texas to bring you the best product, at the best price for you and your family. Our insurance partner portfolio is robust due to our dedication to quality control and service, and we have unique appointments with certain insurance carriers that other agencies do not have.

Save Time. Save Money. We will shop over 20 “A” rated companies to find the best fit for your needs and budget.

We Keep It Simple. With our cutting edge technology, we take the complex process of buying insurance, and make the entire experience - from running quotes to signing documents - extremely simple.

We Shop. You Save. That’s The Power of Choice.

JUSTIN WIGGAINS  Agency Owner

direct  │ 972.861.2001

mobile │ 214.914.1385

service │ 800.474.1377

fax       │ 866.877.6250

5605 N. MACARTHUR BLVD STE 1007

IRVING, TX 75038

justin.wiggains@goosehead.com  www.gooseheadagent.com

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Mythbuster: Property Management Services aren’t Affordable

There IS a way to make the most of your investment, avoid costly mistakes, and enjoy more freedom in your investment. Professional property management services, such as Red Team Property Management, cover every aspect of running your rentals so you can increase profits and go out and live your life. Whether you are thinking about jumping into the rental pool for the first time, or you are tired of being tied down by your current properties, we invite you to connect with our team. We are passionate about what we do, so we love hearing your stories and sharing our experienced advice.

Red Team Property Management works hard to ensure you’re getting the best rent as our market continues to change, as well as fostering the right tenant fit – protecting your investment. Contact us today and start seeing results!

Educating for REAL Greatness,

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

Red Team News

A strong demand for more moderately priced homes has set the North Texas rental market on FIRE!

Are you looking for more freedom? Are you ready for your investment to start working for you? Are your properties costing you more than their worth? Then it’s time to call Red Team Property Management. Just one phone call can save you time and money. Let Red Team handle the headaches for you. Red Team will take care of all your property management pains, including:

• Taking care of all tenant issues.
• Thoroughly screening all prospective tenants.
• 24 hour marketing of your vacant property.
• Making sure all required maintenance is done in a timely manner.
• Providing 24-hour emergency service, so you don't have to.
• The use of Advanced Technology to manage your properties efficiently and effectively.
• Monthly statements accounting for all income and disbursements, so you know what we are doing.
• Conducting regular surveys of the property, while keeping the owner aware.

Red Team Property Management works hard to ensure you’re getting the best rent as our market continues to change, as well as fostering the right tenant fit – protecting your investment. Contact us today and start seeing results!

Educating for REAL Greatness,

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

The North Texas Rental Market is on FIRE!

and it’s not going out anytime soon...

The DFW area recently took the #4 spot in Realtor.com’s top 20 hottest housing markets in the country and the numbers are showing it! Home prices have shot up by more than 40 percent during the last five years, and just two months ago, we saw prices jump by 14 percent – one of the largest year-over-year gains ever for our area.

May’s strong home sales and price spike is going to put a lot of pressure on DFW’s housing market, which is already stretched to its limits, with more buyers than sellers. While the area's average is somewhere around the 1.4 months, some suburban markets, including The Colony, Richardson, Bedford, Hurst, Carrollton and Farmers Branch, have under a one month supply of houses listed for sale.

Homes are being built as quickly as possible, but as a younger crowd flocks to our city for its economic growth, most are not in the price range where inventory is needed most — the entry-level market. In addition to the low inventory, tight lending standards and rising home prices have created a tough market for former homeowners, who lost property during the housing crash.

So what does this mean for residential property investors? A strong demand for more moderately priced homes has set the North Texas rental market on FIRE!

As of May 2015, the average apartment rent within 10 miles of Dallas, TX was $1512, with one-bedroom apartments going for an average of $1241 a month, and two-bedroom apartments averaging $1725.

If you already own properties in the area, seeing numbers like this is a rental investor’s dream come true! But with the hoards of new residents piling in, weeding through potential renters can be overwhelming at best. If you’re looking for more freedom and better returns, Red Team Property Management works hard to ensure you’re getting the best rent as our market continues to change, as well as fostering the right tenant fit – protecting your investment. Contact us today and start seeing results!

Best Rents + Great Tenant Fits = VALUE!

Educating for REAL Greatness,

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.