Monday, March 06, 2017 / by Joey Schlager
It turns out that the run of admirable national and Glen Allen home sales advances have been pulled off despite a couple of strong countercurrents. At least that’s the theme that emerges from last month’s Aspiring Home Buyers Profile report, which supplied one obvious and one not-so-obvious widespread beliefs among would-be future homeowners.
Glen Allen home buyers are always a mix of current homeowners (who will usually also be selling) and first-timers. Among the latter group, a major drag on their willingness and ability to invest in their own Glen Allen home is the student debt phenomenon. Enough has been written about that in recent years that it’s hardly a surprise: 39% of non-owners cited student loan payments as a primary reason they weren’t planning on being able to buy anytime soon.
Much less expected is the proportion of current non-owners w ...
Thursday, March 02, 2017 / by Joey Schlager
Without knowing it, many people develop something akin to a split personality when it comes to buying a home. In the beginning, as they pursue their ideal Richmond house, they automatically assume an unabashedly active role. Nobody has to tell them that they’re the boss in the process—since they are the customer, they correctly expect to be in total command of the house hunting process. They develop their unique wish list and ultimately decide which property best satisfies it.
But then a split can develop. The active, in-charge commander often does an about-face when it comes to the nuts and bolts of the next step: securing the lowest Richmond mortgage rate. Upon entering the realm of what seems to be a mono ...
Tuesday, May 21, 2013 / by Mark Bautista
In general you probably want to earn wealth on real estate based on risk you are taking, while minimizing the amount of time you need to spend attending to the property. In order to accomplish this, you need to make some smart choices upfront when buying investment property. Your goal should be to strive to get as close as possible on as many of these optimal scenarios as possible:
Pays a Fair Cash-on-Cash Return
When you buy property you are taking money out of your liquid financial assets – stocks, bonds, CDs – and investing it into a very illiquid asset – real estate. You were earning a rate of return on your financial assets, such as 4 percent or 6 percent, and you should strive to earn a fair cash-on-cash rate of return on your real estate. To do this, you need to pro forma your deals and buy cash flow-positive properties that earn you decent returns – not those prize properties that are negative, negative, negative. For more guidance on ...
Friday, June 22, 2012 / by Joey Schlager
Today is the big day! Just for buying my new book today, that is chock full of real estate selling strategies from the leading real estate experts around the country, I’ll give you literally HUNDREDS OF DOLLARS worth of bonuses!
I signed a publishing deal to contribute to the forthcoming book titled, The New Rise in Real Estate: The Nation's Trusted Real Estate Advisors Reveal Their Top Secrets for Buying and Selling Homes in the New Real Estate Economy. With other select group of America’s leading real estate professionals and members of the National Association of Expert Advisors, I joined together with noted real estate experts and coaches, Jay Kinder and Michael Reese, to co-write the much-anticipated book. Nick Nanton, Esq. along with business partner, JW Dicks, Esq., signed a publishing deal with each of these authors to contribute their expertise to the book, which will be released under their CelebrityPress™imprint.
The Richmond Realty Team have be ...
Wednesday, June 13, 2012 / by Joey Schlager
The "Village" of Midlothian by Doug Childers-Richmond.com
These days, the phrase "coal country" might evoke images of Southwestern Virginia and West Virginia. But North America’s first commercial operations to mine coal got started more than 250 years ago in the village of Midlothian, 10 miles west of Richmond inChesterfield County.
The coal there is part of the Richmond Coal Basin, which lies above the fall line of the James River. Soon after its discovery in Midlothian, sometime before 1730, mining operations began that would eventually help fuel Richmond and Manchester’s growth during the Industrial Revolution.
"There was agriculture here, but coal put Midlothian on the map," said Charles Batchelor, founding chair of the Village of Midlothian Volunteer Coalition and the current chair of the group’s greenspace committee.
Some of the coal dug in Midlothian’s mines firedRichmond&nb ...