Warren Buffet, the billionaire investor and CEO of Berkshire Hathaway has been actively investing in real estate as he clearly views it as an attractive investment. The Huckaby Briscoe Conroy Realty Group has had great success with helping clients to invest in real estate.
One such scenario was the purchase of a town home in McLean by a client in order to keep as a rental property. The client stated to Karen Briscoe that her money was not earning good yields being kept in the bank and in fact was “losing money” as inflation usuallyoutpaces the achievable rate of return. Thus the client decided to become a real estate investor and purchased with the assistance of Karen in a neighborhood close by to where they currently live and thus very familiar with.
Our analysis on the rental market for that subdivision showed that units rented very quickly at a strong market value and were on a positive trend. In fact, the HBC Realty Group had the property rented prior to the sign even going up! In this scenario the client was able to leverage her capital by purchasing a property with 20% down and having the tenant pay the mortgage! What other investment is there where someone actually ends up paying for the majority of the expenses of ownership?
Another scenario was the purchase of a row house in Washington, DC for a company that buys property, improves it and then sells it. This situation is similar to the realty TV shows where contractors go in and in a matter of days remake a house. Lizzy Conroy, who is licensed in DC, analyzed market segments to determine where the best upside potential was located. Clearly there is great demand for doing quick rehabs as the investor lost out on a few opportunities. The perseverance of Lizzy Conroy paid off because they found a property in an up and coming neighborhood and were the first buyer to submit, so the investors offer was accepted. After settlement, the contractors went to work and transformed the place in 2 weeks time! The expert photography HBC Realty Group utilizes and the marketing platform illustrated how the home was transformed. An offer was made and agreed to in a matter of 7 days for the resale of the home – that meant success and money made for the investor working with HBC Realty Group. The investor was so pleased with the job well done that he decided to work with the team on more projects.
A third scenario is the investor that has a larger appetite, either for commercial properties or making a block purchase of residential real estate. The HBC Realty Group can assist in those endeavors as well. Bill Detty, George Lodge and Steve Conroy are active members of the Keller Williams Commercial division and can assist in those and other real estate investment opportunities.
The Huckaby Briscoe Conroy Realty Group boasts experienced Realtors® in the Northern Virginia, Washington DC and Maryland market places and would be delighted to assist in all matters of buying and selling real estate. Please contact via the means most convenient for you: www.HBCRealtyGroup.com, 703-734-0192, Homes@HBCRealtyGroup.com.