Thursday, July 30, 2009

New Stats on Boise RE Market

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Truth in Cash Flow

Real Estate Opportunities and Investment Advice
Client Newsletter Vol 2 Issue 5

Market Update

You have heard mixed messages about the real estate market, so here is the hard data for the Boise Market through June 2009profit.jpg

There are Lots of signals that we could have hit the "market bottom". Check it out.

1. Sales are UP 36% from last month, and UP 6% from this same month last year. First time in 10 months that sales have exceeded the same month last year! In fact this is the largest May to June % increase in the 10 years that I have been tracking!

2. Pending sales are way up! 38% more than this same month last year!

3. Short Sales up slightly to 15% of the total sales this month. Record high was 03/09 at 18%. REO sales were down to 18%, record high was 34% in 02/09. That makes 33% of the sales "distressed" this month. This makes quite a reduction since the high of 48% in Feb, 45% in March, & 44% in April.

4. The Median calculation is UP 3% from last month to $176,000; and down 16% from this month last year.

5. For the 12th month in a row, inventory levels are below one year ago. And this is the 5th month that inventory is below the prior two years at this point! Inventory is up 3% from last month, and 17% lower than last year at this time.


What does this all mean????

It means that it is time to act. The market is strenthing. Sure there is still negative indicators out there, but as for me the light is green and I am doing all that I can to buy real estate right now. If you have a home to sell though don't expect to move it anytime soon. Buyers are bargain shopping and waiting for the best deals to spring up to take action.

If you are thinking of getting back in the game and want to buy a home or investment property, be sure to remind me you are ready to act and let me know what you would like to find.

Your Market Expert,

Mike Turner

News from the frontline...

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Here are photos of Me and Jared at the Awards Dinner for the Idaho Business Top 40 under 40. Where I was reconized for my achievements and the postive impact my company has had on our community. Thanks for your support and dedication Jared and Amanda!


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My daughter Emilia has discovered how much she likes run and tired out her dad.

My wife Amanda is due in August with our secound child - it a girl...so I will definately be out numbered.

And Yes, That is me on Radio. In fact, I will be on the radio every saturday morning from 7-8 Am, discussing how we kind find ways to fight back this recession and learn to prosper. Tune in via the web at www.670KBOI.com

We Are Donating to Local Charities from Every Closing

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Over the last year Turner Real Estate has made the pledge to give to local charities from every commission check we earn from our real estate business.

Just recently given over $500 to the Ada County Boys and Girls Club, over $200 to the Idaho Food Bank, and over $100 each to Habitat for Humanity, Meals on Wheels, and the Ronald McDonald House.

We want to thank all of you who have chosen to do business with us which has helped us give back to the community we care about. We would like to ask you to help us give back even more by referring your friends and family to us for their real estate needs.

Thanks again,
Mike Turner

Office: 208-287-6589

You Can Reach Mike Turner and the rest of the crew at Turner Real Estate at
Info@TurnerAgents.com, www.BoiseInvestmentDepot.com, www.Turner-Homes.com,
Office: 208-287-6589, Turner Real Estate Group, 7978 W. Fairview Ave, Boise Idaho 83704

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Search The Best Foreclosure Deals www.BoiseInvestmentDepot.com
Find the Best Luxury Foreclosures www.IdahoLuxuryForeclosures.com

Tuesday, July 28, 2009

Got...Passive Income?

If you have money invested right now, please ask yourself these 2 questions:

How much Cash Flow would you Need to make each month on a $25,000 investment to decide to invest your money in Real Estate as opposed to the Stock Market and other similar investment vehicles?

Or how much Return on Your Money would you like to see each year to get you excited about investing in real estate?

Please keep these two questions in mind when evaluating real estate deals:

Check out these foreclosure home deals. If you would like to discuss available investment options in Boise area market please don't hesitate to give me a call: 208-287-6589

1. 772 E Old Mesquite - Kuna $119,000
Recommended offer price: $115,000
4 bed, 2 bath, 1422 sqft
Special 90% financing available for investors
Min Investment: $15,000
Est Tenant Payment (lease/purchase) = $1,050
Est Investor Payment (PITI) = $790
Est Future 2-3 yr Sale Price to lease/purchase tenant = $149,000
Est Yearly Net Cash Flow (after mort and mgnt fees) = 9.7%
Est 3 yr Net ROI if home is sold to tenant = 170%

2. 1830 W Eagle Mountain - Meridian $157,900 - (SOLD in 3 days)
Recommended offer price: $149,500
3 bed, 2 bath, 1600 sqft in LOCHSA FALLS
Special 90% financing available for investors
Min Investment: $20,000
Est Tenant Payment (lease/purchase) = $1,360
Est Investor Payment (PITI) = $1,050
Est Future 2-3 yr Sale Price to lease/purchase tenant = $189,000
Est Yearly Net Cash Flow (after mort and mgnt fees) = 10.0%
Est 3 yr Net ROI if home is sold to tenant = 156%

3. 18435 Avalon Place - Nampa $107,900
Recommended offer price: $110,000
4 bed, 2.5 bath, 3 car gr, 1541 sqft
Special 90% financing available for investors
Min Investment: $15,000
Est Tenant Payment (lease/purchase) = $1,200
Est Investor Payment (PITI) = $912
Est Future 2-3 yr Sale Price to lease/purchase tenant = $149,000
Est Yearly Net Cash Flow (after mort and mgnt fees) = 12.0%
Est 3 yr Net ROI if home is sold to tenant = 211%

We specialize in NO HASSLE Investments, meaning we handle everything, so all you need to do is check that your cash flow is deposited into your account each month.

Contact Turner Real Estate for a Detailed Cash Flow Analysis, and ROI Breakdown on these properties.


Sincerely,

Mike Turner
Turner Real Estate Investments
www.BoiseInvestmentDepot.com
www.CashFlowBoise.com
208-287-6589 office
208-340-8399 mobile

Thursday, July 23, 2009

How to prevent losses investing in real estate?

Building Sign 6 copy.jpg Truth in Cash Flow
Real Estate Opportunities and Investment Advice
Client Newsletter Vol 2 Issue 4

TURNER TALK...

Mike Photo2.jpgIf you haven't heard...

I AM ON THE RADIO! And they just gave me ANOTHER HOUR! I am a regular host from 7-8 and 9-10am on Saturday mornings on KBOI 670. The 2 shows are called Recession Smackdown and Credit Smackdown, where we help consumers like you with advice about how to not only survive this new economy, but how to prosper. If you don't get that station you can tune in live at www.670KBOI.com. Or if you use www.iTunes.com you can download the Podcast, just search for CreditSmackdown.


How to prevent losses investing in real estate?profit.jpg

This is the $64,000 question. Many agree that real estate can be a great wealth generator. Many Multi-Millionaires have made their fortunes in real estate. However, a much greater number of people have attempted real estate investing to find themselves getting behind rather than getting ahead. Why is that?

From my research and experience, it appears that many folks who have tried their hand at real estate investing who have lost money in the end, found themselves in that situation not because they were making a lot of poor decisions (however, that is still a huge problem), but rather they were attempting to invest with little or no money set aside for investing. Meaning they had very little money to invest with and almost no financial reserves to speak of. So when the investor had their first hiccup, where some unexpected expense arose (which happens in real estate investing often) they had no reserves set aside to deal with it. Next thing they know, they are underwater and sinking fast.

The Investors who have profited the most from real estate investments tend to think more long term and have budgeted for unexpected expenses so they still come out on top in the end. There is a saying that "time is your friend with real estate investing." I agree with this, that you need to be thinking long term. You can still plan to make short term gains, but you must strategize for the long term. Make Smart Decisions and then stand by them.

So how do you prevent or reduce the risks of investing in real estate?

I have been working to solve that riddle for quite some time now and I am proud to say we are closer to delivering an answer to this problem than any other brokerage I have come across.

We call it our Sure Capital Investment TM as we feel it is the safest and the most profitable real estate investment you can consistently make money on in this market and any other market.

What it is in short is a style of real estate investing that focuses on residential real estate, and involves tenants who want to own the homes, who pay above market rents and take care of all maintenance and repairs, coupled with a tenant protection plan that guarantees to cover your mortgage payments for up to two years, no matter if the tenant stays or goes. So what you have is a stable, income producing investment, that has built in protections against the usual expenses or problems with real estate and is fully managed so you don't have to deal with it. Cool Huh?

Our Sure Capital Investments have been averaging at 12% a year just on cash flow, not including tax deductions and appreciation. These investments are designed to sell in 2-3 years giving some investors a total return in excess of 75% ROI, and in some cases much higher than that.

A Sure Capital Investment is our premium product offered to key clients. If you would like more information about how you can acquire a Sure Capital Investment for your portfolio, then you can contact Mike Turner to get further details at 208-287-6589.

-Mike Turner

Special Limited Opportunity: (expires soon)
Become one of my exclusive VIP Investor Clients and Get 2 Months Free Membership to Cash Flow Investment Association. Go To: www.CashFlowBoise.com

We Are Donating to Local Charities from Every Closing!

Last year at Turner Real Estate we made the pledge to give to local charities from every commission check we earn from our real estate business. We have recently given over $500 to the Ada County Boys and Girls Club, over $200 to the Idaho Food Bank, and over $100 each to Habitat for Humanity, Meals on Wheels, and the Ronald McDonald House.

We want to thank all of you who have chosen to do business with us which has heCommunityChest.jpglped us give back to the community we care about. We would like to ask you to help us give back even more by referring your friends and family to us for their real estate needs.

Thanks again,
Mike Turner

Office: 208-287-6589

You Can Reach Mike Turner and the rest of the crew at Turner Real Estate at
Info@TurnerAgents.com, www.BoiseInvestmentDepot.com,
www.Turner-Homes.com, Office: 208-287-6589,
Turner Real Estate Group, 7978 W. Fairview Ave, Boise Idaho 83704

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