WE SECURE VACANT PROPERTY
D.A.W.G.S. (Door And Window Guard Systems) manufactures and rents attractive steel panels (Door and Window Guards) used to cover door and window openings on vacant buildings. Our vacant property security solutions eliminate break-ins and many of the other problems associated with vacant property.
Property investors, property managers, housing authorities rehabbers and real estate professionals trust D.A.W.G.S. to keep their vacant properties secure.
For more than a decade, DAWGS has provided equipment and vacant property accessibility training for first responders and fire departments in the areas they serve. The fire departments DAWGS has worked with includes the Chicago and New York Fire Departments.
Recently, the Philadelphia Fire Department has seen DAWGS steel door and window guards protecting vacant property throughout the city. In response to this growing trend, the Philadelphia FD reached out to DAWGS and requested support and training for their team to access DAWGS-secured vacant properties in the case of a fire or other emergency.
The Philadelphia Fire Department was rolling out a new training initiative, and added DAWGS vacant property accessibility training to their agenda. To kick off this new training initiative, the PFD sent two leaders from the training unit to meet with representatives from DAWGS at a vacant property secured by DAWGS steel door and window guards.
The DAWGS representatives provided on-site training as well as donated DAWGS equipment to the Philadelphia Fire Department for demonstration and the creation of training videos. The plan is for the training videos created by the Philadelphia Fire Department to be made available for use by fire departments and first responders in nearby cities and counties.
The DAWGS team has a longstanding belief and tradition of giving back to the communities they serve. Supporting first responders with training and equipment is an example of this commitment.
As you can imagine, a kitchen remodel ideas can be perplexing as you may not know where to begin, or how to chart the best course of action. So before you set about planning the initial stages of a complete kitchen renovation, it’s essential to know exactly where to start, and how much of a budget you have to work with as a kitchen remodel is a costly investment that can pay off when reselling – if done well.
To start, ask yourself what your goals are, what’s missing from your current kitchen design, and what you’d like to see go?
For avid cooks, seasoned hosts, and busy families, your kitchen is probably the center of your daily life—and a place where both form and function are of the utmost importance. For wisdom on how to master a kitchen remodel, we’ve compiled everything you need to know about renovating your kitchen for the ultimate of life-enhancing upgrades, from sourcing the right contractor to choosing backsplash tiles and hardware. We tapped our interior design and renovation experts for their takes on the best practices and discovered the best kitchen remodel ideas, and gathered our favorite decor ideas from innovative appliances to budget-friendly islands and charming breakfast nooks. Our renovation guide has you covered, whether you’re planning a complete kitchen remodel, or are simply on the lookout for new updated appliances, or are in need of inspiration for your dream kitchen remodel.
To get you started on bringing your kitchen remodel ideas to life, we’re looking at the top kitchen decor and renovation trends for 2019 culled from a survey of our decorator’s wisdom. From the best in updated kitchen furniture, to what to skip out on, here’s everything you need to know to recreate the heart of your home with confidence and ease.
Read Full Article [Source: www.decoraid.com]
It looks so easy! Buy a house, make a few cosmetic fixes, put it back on the market and make a huge profit. At any given time there are half-a-dozen shows on television where good-looking, well-dressed investors make the process look fast, fun and profitable. And plenty of homes are getting flipped. ATTOM Data Solutions reports that more than 200,000 in the United States were bought and the resold with the same 12-month period in 2017. That’s just under 6% of all the single-family homes and condominiums sold all year. Yet, the road to real-estate riches isn’t all about curb appeal and “sold” signs. Far too many would-be real estate moguls overlook the basics and end up failing. In this article, we’ll look at the five biggest mistakes would-be flippers make – and how to avoid them.
The first, best piece of advice is to limit your financial risk and also maximize your return potential. Put simply, don’t pay too much for a home (by knowing what it’s worth) and make sure you also know how much the necessary repairs or upgrades will cost before you buy. Having that information, you can then figure an ideal purchase price.
The 70% rule states that an investor should pay no more than 70% of the ARV (after-repair value) of a property minus the repairs needed. The ARV is what a home is worth after it is fully repaired.
Here’s an example: If a home’s ARV is $150,000 and it needs $25,000 in repairs, then the 70% rule means that an investor should pay no more than $80,000 for the home. $150,000 x 0.70 = $105,000 – $25,000 = $80,000.
Read Full Article [Source: www.investopedia.com]
While property tax delinquencies have declined in the last few years, the United States is still faced with approximately $11.8 billion in unpaid property taxes. Each year, $3–5 billion in delinquent real estate taxes are offered for public sale. In a tax-sale state, delinquent taxes can be sold as quickly as within six months.
Even in an upswing market, these are serious numbers, and investors must be vigilant to protect their assets. Delinquent and sold reporting is best monitored with real-time, accurate, and detailed information regarding delinquent and sold tax liabilities.
Read Full Article [Source: www.dsnews.com]
When it comes to investing in real estate, you must focus on the following items:
- Employment growth
- Population growth
- Demographic trends
- Interest rates / mortgage rates
- Valuations / cap rates / net rental yields
With interest rates rising thanks to the Federal Reserve, inventory rising as more real estate owners try to take advantage of high prices, it is now more important than ever for real estate investors to focus on demographic trends.
The main demographic trend is moving away from expensive coastal city real estate markets in favor of inexpensive real estate markets in the heartland of America. Cities like San Francisco, New York City, Seattle, LA, and Washington DC are getting too crowded. Prices are too high and people are getting fed up.
Read Full Article [Source: www.financialsamurai.com]
When most people buy homes, they browse through home listings, use a realtor to find the perfect fit, and prepare their finances for a down payment and closing costs. Buying a foreclosed home is a little different. “Buying a foreclosure is definitely a bit of a grind. It’s not easy,” says Robert Jensen, broker and president of the Rob Jensen Co. in Las Vegas. “You’re getting fantastic pricing, but sometimes it takes going through a lot of houses and writing a lot of offers to get the home you want.”
Before you take the plunge into buying a foreclosed home, make sure you know what it is and how to buy one.
Read Full Article [Source: www.bankrate.com]
Going into the new year, just about everyone has heard the big news: The real estate market is slowing down. Crazy annual price spikes are waning, more properties are hitting the market, and there are fewer buyers to compete with. Everyone is wondering what that means for 2019. Will all long-frustrated, aspiring homeowners finally be able crack open celebratory bottles of Champagne? Will sellers find profit margins shrinking?
Will financial institutions crumble? Will Earth start hurtling toward the sun?
Well, no. As it turns out, not all markets are slamming into reverse. In fact, there are still housing markets expected to be white-hot in 2019—and realtor.com®‘s economic team found them. These are the 10 top superstar metropolitan areas* where both the number of sales and prices are expected to jump in 2019, bucking the national slowdown trend. And many of these are not the places you’d expect to go gangbusters.
Read Full Article [Source: www.realtor.com]
Top Markets for House Flipping
There is still great money to be made in house flipping in 2019. It’s all about picking the right strategy, location and having the marketing plans to make it happen.
In the first half of 2018, house flippers still made an average gross return of 44.3%, or $65,250 per deal. Only 32% of those where purchased as distressed sales according to ATTOM Data, while the number of investment properties on which financing was used has continued to increase.
The US property market has been changing significantly over the past year. That has many property investors wondering where the best markets are now. Where are the best states and cities to flip to keep up profits and expand to scale up volume?
Best States for House Flipping for Profit
According to CNBC’s ‘Make It’, the top states for flipping houses now are:
Read Full Article [Source: www.reww.com]
Single Family Rentals (SFRs) are the largest source of rental housing in America, especially in rural areas where they account for two-thirds of the rental housing stock, according to a Freddie Mac white paper titled “Single Family Rental: An Evolving Market.” SFRs provide housing to 25 million Americans and is valued at more than $4 trillion. Apart from the select few institutional investors with access to capital markets, the secondary market opportunities for SFR loans are limited, according to Freddie Mac.
Secondary market opportunities for SFR loans are limited. Apart from these select few institutional investors with access to the capital markets, there are limited secondary market opportunities for SFR loans with middle-tier investors that would provide liquidity and stability. The paper also stated that there is no uniform set of terms and credit standards for loans on SFRs.
Read Full Article: Source [www.dsnews.com]
The Vacant Property Problem
Abandoned and vacant properties are not just eyesores, they pose a real threat to public safety. When not properly secured, a vacant property, especially in a distressed area, will attract criminal activity. Drug and theft calls to the police are more than double in communities with abandoned buildings.
Another threat to public safety results from fires in vacant buildings. Arson and accidental fires in vacant structures cause numerous deaths and injuries and cost millions of dollars in property damage annually. Fires in vacant properties unnecessarily put the public and firefighters at risk.
Homeowners also pay the price
The true costs to communities with vacant properties affect homeowners who take on the financial burden associated with abandoned buildings and crimes that take place. Studies reveal that property values are decreased in neighborhoods with vacant properties. In addition to plunging property values, homes in close proximity to abandoned properties often times have higher insurance premiums. Higher premiums are assessed due to the risks associated with abandoned properties.
Steel Door and Window Guards Stop Break-ins
A vacancy not properly secured only exasperates these problems. The issue raised by a lack of security is what should be done with abandoned buildings to reduce or eliminate these problems. In distressed neighborhoods, the only sure way to stop break-ins and reduce crime is with DAWGS steel door and window guards. DAWGS recently surveyed Property Investors, Rehabbers and Real Estate Professionals who have used steel door and windows guards to secure their vacant properties. These property stakeholders agreed that steel is the most effective material when it comes to safeguarding a vacant property in distressed neighborhoods.
With the help of DAWGS steel door and window guards offering a security solution for abandoned houses, investors may feel more confident about turning liabilities into assets when it comes to a vacant property. The repurposing of abandoned buildings presents opportunities not only for financial growth for investors, but it also presents an opportunity to reduce levels of crime associated with vacant properties.
Tips for Investing in Vacant and Abandoned Properties – vacant and abandoned properties turning liabilities into assets
When it comes to buying vacant and abandoned properties, the first thing to note is that a vacant property has the potential to encounter a few more problems than usual. Since the property is sitting vacant, there may be damage from bugs, mice, or vandalism. While these issues could create a small speed bump for your investment deal, they should instead be thought of as factors that would increase the likelihood of a sale from the owner’s point of view.
Similarly, vacant properties, like any, demand upkeep. They may fall victim to a number of issues simply by sitting untouched over a given period of time. Depending on the amount of time a property has been vacant, sellers may not even realize how much upkeep should be going into the home. For those wondering how to buy a vacant property, consider the seller’s motivation: they may be ready to part ways with the home because of their current holding costs.
Find out what you need to know to successfully invest in and profit from repurposing vacant properties.