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Displaying blog entries 1-10 of 17

311 Whitechurch Ln. Victoria, Texas

by Mary Ann Sawyers


 Click Here to view this fabulous 4-5 Bedroom, 3 1/2 Bath Beauty in Estates of Colony Creek. Home has been updated top to bottom with finest, top of the line  finishes and details. This is the home you have always dreamed would come on the market - A MUST SEE!

207 Canyon Creek Victoria, Texas

by Mary Ann Sawyers

207 Canyon Creek Victoria, Texas Property Tour - Home For Sale
***Just listed!
 Cool down during these hot summer days in this 4 bedroom home with 
in-ground pool in great neighborhood of Eagle Creek. Click Here to view more on this property.

 

CONTACT MARY ANN SAWYERS FOR A SHOWING TODAY 361.550.4304

402 Charleston Dr. Victoria, Texas

by Mary Ann Sawyers


402  Charleston Dr. Victoria, Texas  Video Tour - Home For Sale

402 Charleston - Former "Parade of Homes" with recent updates.  This stunning home is located on the 16th green, 17th T-box.  Outdoor kitchen and in-ground pool & spa are yours to enjoy and entertain. Click Here to view the video.

Rehab or Rent Out? Real Estate Investment Tips for Beginners

by Mary Ann Sawyers


With mortgage rates still hovering near historic lows, more people are turning to real estate investments as a way to build and preserve wealth. Whether you start fixing and flipping properties or buying and renting them out for monthly cash flow, either investment style can make your money work harder for you.

Before you start investing in real estate, it’s important to line up professionals to help you make offers when you find them. Among your team members, you will want to include:

 

  •     • A savvy, local real estate professional
  •     • A mortgage broker or banker to help you get financing
  •     • A real estate attorney to write and reviewing contracts
  •     • An appraiser who knows the market and will help you get a correct property appraisal
  •     • An accountant who is well versed in real estate investments
  •     • A good contractor, for rehabbing or repairs

Then, you’ll need to determine your real estate investment style.



Rehab or wholesale properties for short-term ROI

The advantage of flipping properties is that you can end up with a good return on investment (ROI) in the short term. For example, you buy a property for $100,000, and invest $50,000 into repairs. Once it’s rehabbed, your property is valued at $200,000, and you sell it for a $50,000 profit.

Once you know where to find rehab opportunities, you can easily repeat the process by reinvesting proceeds from a previous flip into the next property. This is where working with savvy real estate professional can help. They can help you find the right fixer-uppers that may be under market value. A Realtor will have access to many properties that may not be publicly available.

When you are evaluating a property, you will need to look at the whole picture to ensure it will bring you a profit once you resell it. Beyond the actual purchase price and rehab costs, your budget should include carry mortgage payments, property taxes, utilities, and insurance. If it looks good on paper, you can get your real estate team to help you quickly make the offer.

 

Buy-and-hold rental properties for monthly cash flow

If you find the right long-term buy-and-hold rental property, you can earn consistent cash flow each month. However, you’ll need to carefully review the operating expenses on the property and what tenants are willing to pay for the space to know if you’ll make or lose money each month.

Does your long-term investment make sense on paper? In other words, you will need to understand if your monthly cash flow will be positive or negative.

For example, say your total costs to buy a duplex was $20,000, including down payment and closing costs. You can rent each of the units for $600. Assuming your building is 100% occupied, you’ll make $1200 per month in income. Your expenses include mortgage payments, taxes, insurance, utilities, and management fees, and you want to set aside some cash each month for capital expenditures and routine repairs. You calculate that your expenses add up to $1100 per month. Once you subtract your expenses from your income, you’ll have a positive cash flow of $100 per month.

You can also add amenities, such as coin laundry and vending machines, to increase your potential monthly income. If your property has space to add a billboard, you can earn advertising revenue from renting that space, too. And when you decide to sell, your property’s value will likely have increased both from the overall rising property values and by the improvements you made to increase the cash flow.

 

Where should I start investing?

Contact me if you want to learn about investment properties in your local area. My team and I can help you find the right properties that will fit into your budget and your overall goals. 

Mary Ann Sawyers
Coldwell Banker The Ron Brown Co
MaryAnn@MaryAnnSawyers.com

 

 

 

319 Silverado Trail, Victoria, Texas

by Mary Ann Sawyers

Click Here to view a video of this 3 bedroom, 2 bath home in the great neighborhood of Silverado!

 

183 Kendal Rd. Victoria, Texas

by Mary Ann Sawyers

You deserve it - Peaceful Living on 1 1/2 acres only minutes from town! Click here to see this home with all the amenities you expect in new construction.  Mom will adore her modern kitchen and Dad will love his oversized 3 car garage for all his boy toys.  Evenings on the large outdoor patio call for serious stargazing.  Priced right, This is a MUST SEE!

319 Richter Rd, Inez, Texas 77968

by Mary Ann Sawyers


319 Richter Rd, Inez, Texas - Mary Ann SawyersExecutive living on 1 acre in the Industrial School District, Click Here to view the video

212 Yuma Dr, Victoria, Texas

by Mary Ann Sawyers

Click here to view a video of this three bedroom home with an open concept floor plan. Enjoy winters around the multi-sided fireplace; enjoy summer evenings under the stars on the open patio. This is a great price in the Cimarron neighborhood!

403 Berwick, Victoria, Texas

by Mary Ann Sawyers

Owners have lovingly restored and updated this home in north Victoria. The kitchen is especially beautiful with granite counters and stainless steel appliances.  The home has a very open feel with the kitchen opening into the living area. The ½ acre lot is filled with beautiful mature trees. The extra large patio is waiting to host your family celebrations! Click here to view a video of the home.

209 Belmoor, Victoria, Texas

by Mary Ann Sawyers

Click here to view a video of this Denison Built home located in North Victoria. Home has 3 bedrooms and 2 1/2 baths. Owner has loved living here and states even though the house has a large backyard and an over sized garage, he sends most of his time in the kitchen.  Notice the pot rack loaded with cooking pots. This man can cook! He said he really has loved cooking with his convection oven. The home is bright and airy with tall ceilings and a lot of windows. Call me today to see this great house! 361-550-4304

Displaying blog entries 1-10 of 17

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Photo of Mary Ann Sawyers Real Estate
Mary Ann Sawyers
Coldwell Banker The Ron Brown Co.
2505 N Navarro
Victoria TX 77901
361-550-4304

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