Drew Breneman’s Post

Rule of thumb: Rules of thumb are for lazy people. I bought a deal in Chicago in 2013 with a price-per-unit cost of ~$350K. It was probably a price-per-unit record for that neighborhood. And to this day, I believe a bunch of people immediately disregarded the property because the price-per-unit cost was above whatever rule of thumb the had for that metric. We bought the property for $5.7MM. During our refinance, it appraised for $8.62MM. We initially invested $1.55M of equity into this property and have paid out over $2.9M to date in distributions — and we still own the property. It ended up being a strong, solid deal. Thank goodness we didn’t overlook it because of a rule of thumb. -- Disclaimer: This is not an offer to sell or a solicitation to buy securities. Past performance is no guarantee of future results, and investors may experience different results than those shown, including the loss of principal. You should not rely upon forward-looking statements as predictions of future events.

Waiting for rates to come down? You'll save pennies but lose the battle as prices increase. The amount in higher interest paid and cost to refinance, will be far less than the increase in the price of the property, if waiting is your game. This illustrates property value growth last quarter, yes just last quarter.

🎯 TODAY'S RATES HAVE SHIFTED – TIME TO MAKE YOUR MOVE! 🎯 With the Fed's recent rate drop, it's more important than ever to keep an eye on these fluctuations! Whether you’re locking in your first home, considering a refinance, or exploring your next investment, the time to act is now. At Northwest Escrow & Title, we don’t just track the market – we help you leverage it. Let’s turn today’s rate changes into tomorrow’s success story. Ready to capitalize on these shifts? Let’s hit the mark together! 🎯🏡 📧 info@northwestescrow.com 📱 360.386.8272 🌐 www.nwescrowtitle.com #RateDrop #TargetYourNextMove #WinningRates #HomeGoalsUnlocked #RealEstateSuccess #2024Opportunities #TitleAndEscrow

To flip, or not to flip? Buying and flipping might sound great, But, What you’re actually doing is running a business and not really building an asset base. The problem with that is you’re going to see somewhere around 30-50% of your profits eaten up by the tax man. And that’s not the end of it. On top of that, you’ve got the high cost of sales agent commissions, marketing and legal fees when you sell the property. That can quickly see your profits diminish rather fast and you will likely be left with a lot less than what you started with. And you’re not building up that asset base over time either. The way I like to use renovations, Is to use them to get into a quality property at a lower cost base. For example, if you can purchase a property for $1,000,000 Spend $100,000 on it, Add $300,000 worth of value to it, For it to then be worth $1.3 million, then you’ve effectively just purchased the property for a lot less than what it’s worth. The other big advantage is that you don’t have to sell to access the equity you’ve created. You might have a $200,000 profit you manufactured. If you refinance and tap into that equity, you are effectively getting tax-free dollars that you can use to put into another project. Plus the depreciation benefits, Plus the unfit in rental yield, Plus you still have the asset that you can hold onto for the next 40 years. It’s a win, win, win, win.

2024 was a year of consumers watching and waiting. They were watching the interest rates and waiting for the Presidential Election to play out. Those folks are tired of waiting and they are ready to get on with their plans. January 1st buyer prospects hit the ground running. They came forward to get more information on their options for purchasing. And now, we see their plans in motion. The week of Jan 20th started a surge of home showings in the Mid Willamette Valley. Buyers understand that interest rates will likely stay @7%. They know if they are comfortable with the financing now, they may be able to improve their rate with a refinance. And most importantly, they understand that owning a home is an opportunity to build equity and financial growth.

Have you ever wondered about the true value of your property in today’s market? Whether you’re planning to sell, refinance, or just curious about your home’s worth, getting a professional valuation is the first step. Knowing your property’s value gives you the confidence to make informed decisions and seize the right opportunities. Reach out to our expert team today to book your free valuation – your future starts with knowing your worth! 🏡✨ 📞 01925 987085 📧 info@real5estates.com #houseworth #inpersonvaluation #warrington

Don't wait for the drop—lock it in now! 🏠🔑 Think waiting for lower interest rates will save you money? Think again! Buying now not only secures today’s price but also dodges future hikes as property values rise 📈 Dive into the numbers with Claudia Castano and discover how purchasing today means lower overall costs, even with current interest rates. Plus, get insider tips on how to refinance if rates drop later! Don't miss your chance to secure your dream home at a great price. Act now! 🌟 #HomeOwnershipGoals #SmartInvesting #CaseStudy #RateDown

Wow, what a difference 4 months makes. Interest rates are much more attractive now than they were in April. If you purchased within the past year, are you open to a refinance to today's lower rates? Have you been sitting on the fence thinking 'is now the right time for me?' Let's have a conversation to discuss ALL of your options when it comes to buying, selling, or investing in real estate! #setsailgroup #buyinginarizona #movingtophoenix #relocation

Yesterday, the Fed announced they were reducing the benchmark rate by 50bps. What does that mean for the majority of us? Nothing much at all as we wake up today and continue our life. If you bought a home in the last 12 to 18 months, maybe we should explore a refinance and see if now is the time for you to have savings. If you are looking to buy, two weeks ago was the best time to start. If you were waiting for the news, let's get going with a home owner consultation and with a lender approval this week. Many buyers will enter (back into) the market because of the fed cut, but the buyers that engaged with us early on are already looking or getting under contract. I see a fall season that is active and possibly more multiple offers than usual. If you are looking to sell, it may be worth exploring listing now versus spring market.

New Case Study! Dive into the numbers and see how buying now locks in lower costs despite rising interest rates. Waiting for lower interest rates might sound smart, but buying now can save you more as property values climb!