GlobeCore Real Estate -Florida Real Estate

Wall Street's New Trillion Dollar Playground, the Securitization of Rental Homes By  Michael Gerrity  |  The securitization market involving debt tied to single-family homes is reemerging as a hot topic in Wall Street, but the source for the debt is different this time around.   A Wall Street estimate says potential financing opportunities for the new securitization market are as high as $1.5 trillion.   The new industry would sell bonds to investors all over the world from debt tied to a growing single-family rental market.   A growing number of large and private investors are purchasing single-family homes in bulk and renting them. This is creating an opportunity for banks and investors to buy into the market.   American Homes 4 Rent is the latest company making a move in the emerging market. The company announced at a conference its plan to sell securities tied to $500 million of debt, according to The  New York Times...

Deciding whether you should hire a professional to manage your rental property doesn't have to be an agonizing decision. It really just depends on your own needs and expectations. Some folks manage their own properties without any stress, while others find it to be quite a headache. One thing is for sure: to successfully manage properties efficiently, time and energy are essential. Do you have what it takes, or should you hire a pro? GlobeCore Real estate - knows the Central #Florida market and prices rental property to minimize vacancies and maximize income. We specialize in residential properties including single family homes, multi-family apartment complexes, multi-unit properties, condominiums, and town homes throughout Central Florida. Visit us online at www.GcrentFlorida.com www.GcrentFlorida.com

5 Tips on what to do if you haven’t sold before Xmas 1. Review your price. In the vast majority of times my experience is that an overly-ambitious price tag is the key reason most properties don’t sell within 28 days. 2. Refresh your marketing & re-launch in January. Consider a fresh start in the New Year. Old & new buyers are back by the second week of January with new energy & enthusiasm to bu y - be first off the blocks with your rejuvenated listing. 3. Make sure your property is up at the top of the internet listings for your area - if not, pay to raise its position. Only around 30% of buyers look beyond the first page of online search results! 4. Get a fresh set of eyes to review your presentation. Consider getting someone who isn’t involved with the sale to guide you on your presentation & consider some minor adjustments if they think anything is getting in the way. This could include styling, furnishing, de-cluttering, minor decoration, landscaping etc. 5. Consid...

Blackstone’s real estate group has spent more than $7 billion to acquire 40,000 homes, making it the biggest landlord in the burgeoning U.S. house-rental industry. Last week, Blackstone’s Invitation Homes completed the first ever U.S. securitization of single family rental homes (SFR) – and from all accounts the deal was a wild success for Blackstone. Now, this is obviously great for Blackstone – but what does this mean to you, the average SFR investor? Secularization is basically a fancy form of financing that enables those investors that are capable of it (large investors, with assets in the $100’s of millions) access to the bond market, where they can get cheaper debt than can be had in a traditional real estate transaction. Blackstone’s initial secularization is only comprised of 3,207 of their total 40,000+ homes. Blackstone purchased the properties for $444.7M, and put repairs of $98.1M into them, for a total cost basis of $542.8M. According to the brokers hired to value the pr...

A lakefront Boca Raton mansion with a price tag of $12.75 million comes with several perks — direct ocean access, home theater, full gym, two gourmet kitchens and, oh, a free Phantom Rolls Royce valued at $450,000. The owner of the home is throwing in a rare, $450,000 Rolls-Royce Phantom. "Everyone likes perks, everyone likes great perks," said Adzem. Located on prestigious Lake Boca Raton with direct ocean access, this estate is a yachters dream. Gated and grand, this is the largest home in Boca Raton, with 16,200 living sq. ft., that includes a grand master suite, sweeping grand staircase, two gourmet kosher kitchens, home theatre and separate guest quarters. With the total of 24,000 sq. ft, the home boasts a 9-car garage, an outdoor entertainment area, loggia, an infinity-edge pool and spa and a tranquility garden. Moreover, this is the one and only yacht dockage in Boca Raton ready to accommodate three boats, including a 130 super-yacht, and a 75 mega-yacht. article...

WHAT IS A SHORT SALE? A “Short Sale” (Also referred to as: “Negotiated Settlement”, “Short Pay” or “Pre-Foreclosure”) occurs when a Lender agrees to accept less than the amount owed on the original note or total payoff, as an alternative to foreclosure. If the property is worth less than the amount owed on the loan, even a foreclosure would result in a loss for the Lender. Often a Lender’s bottom line will dictate the benefits of accepting less money in a sale now versus the cost of the foreclosure process and selling the home as its new owner. HOW LONG WILL IT TAKE? The Short Sale negotiation process can be rather lengthy. It may take several weeks to several months for an approval. Many Lenders will have several layers of bureaucracy, insurers, and investors to maneuver through in order to get a Short Sale approved. It is important to be patient during this long process. BUY MY HOUSE IS GOING TO FORECLOSURE, WILL I HAVE ENOUGH TIME? Maybe - maybe not. Accepting a buyer’s offe...

As entrepreneurs find success with their primary business ventures, many search for the proper investments for their profits. Of course, we can and should all start traditional tax preferred vehicles like an IRA and 401k. These are the bedrock of good 'benefit' planning for ourselves and our employees. I'm also convinced more entrepreneurs should consider rental real estate as an important part of their portfolio. I realize many business owners shrug off this concept after the recent downturn in real estate values, but let me list a few reasons that may change your mind: 1. Gain more leverage. Real estate is one of the few investment vehicles where using the bank's money couldn't be easier. The ability to make a down payment, leverage your capital, and thus increase your overall return on investment is incredible. 2. Grow, tax-free. Buying rental property based on speculation of its value is a dangerous tactic since cash flow is the key. However, appreciatio...