FOR RENT – 4 Hatchechubee, 5 BR/3.5 BA over 2800 sq ft!

 

 

 

 

 

 

 

 

RENT TO OWN and OWNER FINANCING also available!

Large 10 Room Family Home with 2 Master Bedrooms & 2 Master Baths with Garden Tubs!  This wonderful home features 5 Bedrooms, 3 1/2 Baths, hardwood flooring and wall to wall carpeting.  This home also includes a first floor family room with a stone front fireplace, and a huge bonus room on the second floor with beautiful wood flooring and a paladian window in addition to a formal living room and dining room.  All appliances convey including a “good cook’s” gas range, side by side refrigerator, dishwasher & microwave oven.  A large deck overlooks the back yard with wood fencing and gate.  Wall to wall carpeting in most of home and hardwood flooring in kitchen and dining rooms complete this beautiful home.  Move your family up to this 2830 square foot home over the summer with no bank qualifying needed!! All this for under $100 per square foot!

Directions:  First call 434-962-4585 to be called into Lake Monticello Security and for the lock box code.  Then — From I-64 take Exit # 129 onto 616.  At the end of the exit ramp turn right on Route 616, also called Union Mills Road.  Drive 5.7  miles and turn right on to Route 600, also called South Boston Rd. Drive 1.5   miles and turn right on Rt. 618, Lake Monticello Rd.  Go past the Lake Monticello Main Gate to Cherokee Subdivision on your right.  Turn right on Chippewa and go one short block.  Turn left onto Seminole and go 1 block to Hatchechubee.  Turn right on Hatchechubee and the home is #4 — your first house on the left.

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NEW PROPERTY – 7 Arapaho Tr, 4BR/3 BA, over 2600 sq ft!

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RENT TO OWN – OWNER FINANCING Programs Available!!!

Outside the gate at Lake Monticello, this 2700 square foot house with four bedrooms and three baths is waiting for you to make it your new home!  It’s summer and with front and back porches is the a perfect time to sit outside in your rocking chair on the covered front or watching the breeze blow through the trees while listening to the peace and quiet from your relaxing adirondack chair on the back.  When it gets too warm for you, come inside and enjoy taking it easy in air conditioned main room with laminate wood floors, ready and waiting for you to put a nice plasma screen tv above the beautiful inlaid fireplace.  The master bedroom is very spacious with a walk-in closet and jacuzzi tub to wind down after a long day of work.  Should you have kids, there is PLENTY of room in the fully finished basement to set up an entertainment room or family den.  Come winter don’t worry about having to scrape off ice off your cars, because with a two car garage you’ll have the room your need for parking and to keep from having to run out in the rain to start them up.

Don’t let this incredible opportunity pass you by!  Call us at 434.962.4585 to schedule a viewing TODAY.  With our Rent-to-Own and Owner Financing programs available this house will not last long so don’t hesitate.  You can also view a video walk-through by clicking on the VIRTUAL TOUR button located on our website at http://www.propertysolutionsva.com/properties

DIRECTIONS:  From Charlottesville take 20 S and turn right onto 53 E – Thomas Jefferson Parkway (There is currently a detour on rt. 250).  After about 10 miles turn left onto Lake Monticello Rd/State Route 618.  Continue to drive about 1.5 miles and turn left onto Chippewa Ln, take your 1st right onto Apache, and your first left onto Arapaho.  The house will be the 3rd or 4th house on your right, 7 Arapaho.  You will see yellow Owner Financing signs as your enter the community and a For Sale sign in the yard.

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New Property Available – 11 Falcon Ln, Weyers Cave VA

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Ever wanted to live in a tranquil family friendly neighborhood – well now’s your chance!  This 3 bedroom 2 bath house has over 1300 square feet of comfortable living space including a large kitchen area with plenty of cabinet space, like-new appliances, and sun lit dining area.  On the far end of the last street of the neighborhood, this lot provides plenty of backyard privacy, a shed for additional storage and a front and back porch to relax and take in the afternoon breezes and smells of freshly mowed grass with the distant sound of children playing in the cul-de-sac nearby.

Don’t miss your opportunity to make a great house in the valley your home this Spring.  Only 5-10 minutes from Interstate 64 with views of Massanutten and surrounding mountains on the horizon.  Rent to Own and Owner Financing programs available and at a great price of only $169,900 this will not last long!  Call 434.962.4585 or our alternate number 434.962.5685 to schedule a time to go by and see this cozy scenic property!

Directions:  From I81 take exit 235 E towards Grottoes and the Shenandoah Valley Airport.  Drive approximately 1.0 mile and take a right at the light at Keezletown rd.  Drive approximately 1.0 mile and turn left at Lofton Dr into the Harshbarger subdivision.  Stay on Lofton 0.5 miles until you reach the last street and turn right onto Falcon Ln.  The house will be 0.25 miles up on the left before you reach the cul-de-sac.

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RENTED as of April 1 – 4 Bedroom Duplex, 1200 sqft close to D’town C’ville

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$1300 Rent includes electricity, water, sewer, and oil heat!  Large 4 bedroom – 2 level upper part of duplex suitable for a large family. Over 1200 square feet.  Completely remodeled in 2005 with brand new everything. Freshly painted and clean! … Continue reading

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LEASED as of April 1 – Spacious “Country” Home – 4 BR/2Bath, Scottsville VA

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New to the rent to own market! This Fluvanna “country home” has 4 Bedrooms and 2 Full Baths in a spacious 1,440 square foot home on over 3 1/2 acres of land.    This home was completely renovated in 2006 with … Continue reading

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LEASED as of February 18! Cute 2 Bedroom Available – Esmont/Scottsville

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Why throw money away every month on rent – Rent to Own, or Owner Financing Available! Find your perfect spot in the country, but not too far from town. This is a cute 2 bedroom house on almost 2 acres … Continue reading

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LEASED as of Nov 30th – Handyman’s Special – Dry Branch Rd, Churchville VA

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Dry Branch Rd, Churchville VA -3BR/1 Bath -1000+ sq ft -2 car detached garage -Almost 1 acre of land -Nestled near the mountains 15 minutes from Staunton or Bridgewater -With a little TLC this would be a great starter home … Continue reading

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BOOK REVIEW: HOW TO MANAGE REAL ESTATE SUCCESSFULLY BY ALBERT J. LOWERY, PH.D.

How to Manage Real Estate Successfully-What it takes to manage
-What you should pay for management
-Five keys to keep residents happy
-Science of collecting rent
-Problem people and how to handle them
-Vacancy coming, here’s what to do
-Record-keeping can be easy
-How to get good service from contractors
-Keeping down upkeep
-Be your own controller
-How you can make money today

This is an excellent book as a beginning investor/landlord to look at when you begin investing in real estate.  If you are ever going to hold any property versus flipping everything you get your hands on this is an excellent book.

The first place to begin is to see if you have what it takes to manage a property.  The first chapter goes into the real qualities needed and helps you determine if you are a good candidate.  If you are not, then no problem, just get a good management company to help you manage your investment property for you.  If you are going to own a lot of properties and that is in your business plan then you will need to learn how to delegate management to companies that are best able.  He covers that as well in later chapters.

So whether you are currently renting out the upstairs of your home or managing a 500 unit apartment complex, whether you’re interested in even a one family house of your own, this book will show you how to manage property more efficiently, more effectively, more profitably than you’re doing it now.  If you’ve never managed property, this book will give you all the background you need to become a successful free-lance manager, paving the way to a lucrative new profession.

“Most owners know nothing about managing” says Dr. Lowry; this book is designed to help owners and managers alike avoid the pitfalls of hidden costs, problem tenants, unexpected vacancies, inadequate insurance, lost rental income, and more.  Clearly written, well organized and fully detailed, with helpful summaries at the end of each chapter, it provides complete information and advice on:

-Selecting and training managers for your properties
-Starting in as a new manager
-Getting along with tenants
-Setting—and collecting—rents
-Finding the best occupants
-Filling vacancies
-Advertising
-The rental document—what to include
-Keeping records
-Controlling costs
-Profit Planning
-Maintenance, Repairs, and Improvements
-Rent strikes and rent control
-Building your wealth

Having met Dr. Lowry several times and having him help me out when I was starting especially in setting up book keeping for tax purposes and figuring out the best legal ways of managing the tax code fairly but in a way that structured my business to get the best deductions, I can personally recommend this book.

Dr. Lowry has been a real estate investor for many years and has a wealth of knowledge to pass on to both new and old investors alike.

Enjoy this read and keep it in your collection of important investment books.  This will be one you will refer back to help you manage your real estate career for maximum efficiency and profit.

Enjoy!

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Leased as of Dec 26 – Diggstown Rd, Bumpass VA

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Lovely country home on 4.7 acre lot in Louisa County close to Lake Anna. Sit on the back deck and enjoy the quiet wooded atmosphere while your pets and children play in the yard. Cozy rooms and basement make for … Continue reading

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THE MARKET’S VOLATILITY: WHAT DOES THIS MEAN FOR REAL ESTATE?

This has been an interesting month on Wall Street.  Market volumes rollercoastered  triple digit moves of historic proportions this past week.  What does this mean for real estate?  Are we heading into a recession , a depression, Armageddon or something else?  I do not claim to have a crystal ball but as a student of both history and business cycles do occur and some things are predictable.  Here are my main thoughts on the subject:

1. This is a great time to get private money at reasonable interest rates.  If you had your money in the stock market you probably saw your 401K go down even with the bounce back up of stocks.  As I was telling one of my lenders who lost over $15K this week in his stock portfolio—”Isn’t it a good thing you have a 7% yield on real estate.  That is like making 20% on your money since you would have lost about 12% if it was in the stock market these two weeks alone.”  People will always need a place to live and if you are investing the way I teach you will sleep well at night and so will your investors.

2. Prices are down on real estate.  So if you are buying correctly they will cash flow now more than ever!  Buy extremely low and sell low or keep them for income.

3. “Subject to” opportunities abound taking over interest rates fixed at 6% or less—wow!  You may have to negotiate a second  lien off a property or other judgements but wow, to take over first liens with historic fixed interest rates is an investor’s dream come true.  P.S.  If you followed my mentor newsletters—when I started on my third newsletter I predicted this day was coming of lower interest rates and people running for the hills when the correction was to come.)

4. REO properties are in abundance so diamonds are everywhere.  You can get great deals on HUD properties—it’s the 80’s all over again only it is not just the savings and loans but almost all the banks needing to unload real estate.

5. Only a third of America can qualify for a loan now due to risky nature of banks.  This provides an excellent opportunity to do rent to own or owner financing.  I have two people right now with large down payments looking for a home (one with $15K and another with $10K).  It had been slower getting people to put up good deposits the past few years but with people holding their money and with credit issues from downsizing, overleveraged property and other in their lives we can fill a big void.

6. Rentals will be easier to fill.  I have found re renting property has been easier than in years past.  This is good if you have a few keeper properties you want to have renters pay off your mortgages.

7. Knowledge is power.  Get educated and know different strategies as opportunities are presenting themselves and those who know what to do will win out on those who do not.

REAL LIFE STORY THIS WEEK:
One of the things I love about real estate is being able to help do things with what I know.  I am managing my church’s putting in two temporary trailers to add classroom space until we start out building project in the next few years to do a more permanent solution.  The gentleman who is helping us put the trailers in is a very wealthy millionaire next door kind of guy.  He has made a literal fortune in the mobile home business moving trailers, selling trailers, owner financing trailers, managing mobile home parks and more.  He also clears hay for land owners as he has a lot of equipment.  Recently he had an opportunity to buy a $14 million dollar property for around $4.7million.  He knew it was  a great deal and went to his banker to see if he could put it together.  The numbers would scare most people off but he almost did it and backed out at the last minute since they wanted a cash offer.

If he had put a contract on it for 90—120 days and given a smaller deposit he could have sold this and done very well.  As it turned out someone paid about $4million more than that—something he could have optioned and done.   I told him I should be the son he never had and just smiled.

What you know or do not know in structuring offers in an environment where people are panicked is the difference in being highly successful or not.  If you knew there was gold in them thar hills but did not know how to operate digging equipment would you get someone involved who did to help you mine it? Whether you work with us at VREM or get another mentor—now is the time to educate yourself.  One good deal could be your retirement.  As people’s 401K’s and life’s savings are in jeopardy be wise and apply yourself to learn how to make the most of this unique and awesome opportunity.

Making wise decisions and taken knowledgeable action with clear exit strategies and plans to help you profit with whatever the market gives you can make the difference to your investing success.  There are no self made men.  Everyone has had teachers, parents, friends and others to guide them to being successful.  Taking action is important but knowing what action to take when is even more critical to success.

Have a great rest of the year—I know I will and I hope many of you will join me.

To Your Investing Success!

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