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Revestor in Action
RevestorRating©
RevestorRating© is a color pie chart graph that rates a particular home on a scale of one to ten. RevestorRating© is calculated using a proprietary formula pulled from various data sources and our patent-pending algorithm. RevestorRating© can be, but is not limited to how strong 1.) Cap rate, 2.) Cash-on-Cash Return (CCR), 3.) Cash flow, and 4.) ROI are as well as other various factors.
Other factors can take into account affordability, year built (how old the home is), property type (Condo vs. Single Family vs. Multi Family; 2bed vs. 3bed), Location (schools, neighborhood businesses, crime rate), population growth, tax bracket, inflation, lost opportunity cost, local job market, exit strategy (buy and hold vs. rehab & resell) and historical neighborhood trends (vacancy rates, sales, appreciation rate, acts of god/natural disasters) all to influence RevestorRating©.
Over time, RevestorRating© will become much more sophisticated.
Perform a search on Revestor today to see RevestorRating© in action.
HARP 2.0
HARP 2.0 and HARP 3.0 are gonna blow up Revestor’s Mortgage Rate Table and help millions of underwater homeowners refinance to today’s low interest rates.
The new proposed HARP 3.0 builds off the momentum HARP and HARP 2.0 program which was revamped last year to to help an additional couple million underwater home owners in the United States. Qualifications, such as, loan-to-value (LTV), income requirement (DTI), and appraisals are being overlooked so that home owners may refinance at today’s low interest rates.
The new HARP 3.0 program should have all the same perks without requiring your loan being owned by Fannie Mae or Freddie Mac.
A HARP Refinance can free up an average of $300-600/mo for homeowners who are underwater and are paying their mortgage ontime, flooding the economy with money.
HARP 2.0 officially rolls out March 1st, 2012 with HARP 3.0 expected to roll out later this year, well ahead of the presidential election.
Finally, a program that encourages you to stay current on your mortgage payments and rewards you for doing so!
Revestor Launches Mortgage Rate Table
Revestor, One of the Fastest Growing Real Estate Search Engines, Announced Today the Release of a Mortgage Rate Comparison Tool for Its Users
SAN FRANCISCO, CA–(Marketwire – Jan 26, 2012) - Revestor, a real estate search engine for home buyers and real estate investors to find homes for sale by the highest potential returns, announced the release of mortgage rates. The mortgage rate comparison ads enable consumers to better shop for the best mortgage terms by providing accurate and real-time information.
Revestor uses a patent pending algorithm to compile data to generate key real estate indicators. Home buyers and investors can easily search neighborhoods for residential properties by the highest potential returns via the web in a map and list view interface.
Revestor not only empowers buyers and investors with information for better decisions, but also helps Realtors® quickly and easily find real estate deals for their investor clients. Real estate agents are spending hours sifting and sorting through listings to find potential deals for their investor clients. Revestor does all the heavy lifting so agents can focus in on what they do best.
“Most of the users that are visiting the site are apprehensive home buyers who want to know if the home they are about to purchase can rent for the payments and if the home has potential to be a good overall investment. These users are expected to generate quality new home purchase leads for the network of lenders that participate in the mortgage rate table. We also have a lot of real estate investors visiting the site who already own multiple properties and with mortgage rates so low we expect that these users will not only generate new home purchase leads but also mortgage refinance leads,” said Bill Lyons, founder and CEO, Revestor.
Revestor is a real estate search engine for home buyers and real estate investors to find homes for sale by the highest potential returns. Revestor connects mortgage lenders, real estate agents and other real estate professionals to assist users in transactions. The site is currently live in San Diego, Phoenix and Las Vegas with plans to be nationwide by the end of the first quarter of 2012.
Contest Winners for our San Diego Launch Promotion
Congratulations to the following for qualifying:
1. Jennifer Uranga of Glendale, AZ won 90days in FREE advertising on Revestor along with a FREE lock-box courtesy of LockBoxSwap. You can follow her on Twitter and LinkedIn. Inquire about her Arizona mortgage services.
2. Debbie Drummond of Las Vegas, NV won 90days in FREE advertising on Revestor along with a FREE lock-box courtesy of LockBoxSwap. You can follow her on Facebook, Twitter and LinkedIn. Inquire about her Las Vegas real estate services.
3. Greg Ives of San Diego, CA won 90days in FREE advertising on Revestor along with a FREE lock-box courtesy of LockBoxSwap. You can check him out on Yelp and LinkedIn. Inquire about his San Diego Title Services.
4. Gerri-Lynn Fives of Coronado, CA won 90days in FREE advertising on Revestor. You can check her out on Facebook, Twitter and LinkedIn. Inquire about her Coronado homes for sale.
5. David McGhee of San Diego, CA won 90days in FREE advertising on Revestor. You can check him out on Facebook, Twitter and LinkedIn. Inquire about his San Diego real estate services.
6. Talisa Rafferty of Saugus, MA won 90days in FREE advertising on Revestor. You can check her out on Facebook and Twitter. Inquire about her Boston real estate services.
7. Jason Gordon of San Diego, CA won 90days in FREE advertising on Revestor along with a gold virtual assistant (1month) courtesy of RentASmile. You can follow him on Facebook, Twitter, Yelp and LinkedIn. Inquire about his California mortgage services.
8. Royce Kemp of San Diego, CA won 1 month of gold virtual assistant services courtesy of RentASmile. You can follow him on Twitter and LinkedIn.
Winners will receive an email with instructions on how to redeem their prizes.
835 Felspar San Diego CA 92109 Pacific Beach
YOUR OPPORTUNITY TO PURCHASE AN 1/8, 1/4 OR 1/2 OF A NEWER, FULLY FURNISHED FRACTIONAL OWNERSHIP WITHIN 2 BLOCKS OF THE BEACH! TENANTS IN COMMON DEEDED INTEREST. Completely furnished with turnkey amenities, including: flat screen tv’s, full appliances, cookware, dishware, linens, bedding, artwork, and even 4 Beach cruisers! LIST PRICE REFLECTS 1/8TH OWNERSHIP. SELLER MAY CARRY FINANCING!
NO LONGER LISTED FOR SALE - formally listed by Prudential Dunn, REALTORS, Office Phone (858) 274-3866
Search for other homes listed for sale in Pacific Beach, San Diego, CA
Cap Rate
Capitalization rate or Cap rate, is often used in real estate investing to help determine value.
If real estate investors use cap rate, why wouldn’t you? After all, buying a home to live in is also an investment.
Cap rate, is determined by dividing the annual net operating income, or NOI a property generates by the price that you are able to purchase the property for. NOI is Gross Rental Income less Expenses (Taxes, Insurance, HOA, Mello Roos, Management, Etc.)
Annual Net Operating Income (NOI)
Cap Rate = —————————————————–
Purchase Price
$12,000 NOI
6% Cap Rate = —————————————-
$200,000 Purchase Price
Whether you are a home buyer or a real estate investor, knowing if the home you are about to buy is a good overall investment is important and can help bring about better decisions.
Yes, purchasing a home can be an emotional decision but it also needs to be a practical one. Visit Revestor.com to search for real estate by the things that matter the most
Cash Flow
Cash flow is a key real estate indicator that is often used in real estate investing to help determine risk and value.
If real estate investors use cash flow, why wouldn’t you? After all, buying a home to live in is also an investment.
Cash flow is defined as the amount of money left over each month after all expenses and mortgage payments.
Gross Rental Income: $2,000/mo
- Expenses: $800/mo
- Mortgage: $1,000/mo
________________________
= Cash flow: $ 200/mo
Expenses can include Taxes, Insurance, HOA, Mello Roos, Management, etc.
Mortgage is the financing costs of the property based on the interest rate and down payment. Mortgage payment should not include taxes and insurance since you are already accounting for them in the expenses section. You are certainty welcome to impound your taxes and insurance and pay them along with your mortgage just make sure you don’t double count.
While there are other key real estate indicators you should take into account, cash flow is one of the most important.
Whether you are a homebuyer or a real estate investor, knowing if you can rent a home for your payments is important and can help bring a piece-of-mind.
If you were to lose your job, get relocated, expand your family, or experience any other major life event it helps to know if you don’t have the option of selling that you can turn the home into an investment property. Not only does this scenario help your retirement portfolio but can also help increase your chances of getting qualified to buy a new home.
Back in the real estate bubble investors were willing to sacrifice cash flow and earn negative cash flow in the hopes that the property would go up in value (appreciation). It is never a good idea to buy a property based on the potential for appreciation alone. Some say appreciation is a bonus. I’d go even further to say that appreciation is a gift for living in America. You don’t get appreciation if you live in some parts of the world. Be grateful for it and use it wisely.
Don’t make the same mistakes that your friends and neighbors did in 2005. Get educated at www.revestor.com and make your buying decisions based on quantifiable key real estate indicators.
Real Estate as a Tool to Finance College
The Charfen Institute just came out with an article in their CIAS newsletter titled: “More Parents Using Real Estate to Finance Kids’ College.”
The article discusses the strategy of purchasing a cash flow property with a 15 year mortgage and selling the home by the time your child reaches college.
A poll conducted by the College Savings Foundation revealed the following key stats:
- 40 percent of parents are not very confident that they can reach their college savings goals
- 34 percent of parents say they know how much they need to save to fund their child’s college education, up from 27 percent last year
- 48 percent of parents are looking to education loans to pay for college, most of which will be signed over to their children
- 29 percent of parents expect financial aid to cover up to a third of college costs, down from 35 percent last year
- 38 percent of parents expect no financial aid at all, up from 28 percent last year
If you are a real estate professional it is time to discuss this strategy with parents who have children who are 3 years or younger (there are many lead generation tools out there that can help you find this demographic). If you are a parent with kids that are toddlers it is time to find a property to invest in for your children’s education and future. Failing to plan is planning to fail.