LEVERAGE THE LATEST HOUSING TRENDS TO
LAND THE BEST REAL ESTATE DEALS
© 2013 Renwood RealtyTrac LLC
WELCOME
WHAT WE’LL COVER TODAY
• Latest home sales & price trends
• Latest foreclosure trends
• Trends in property flipping
– Best...
REALTYTRAC DATA PRIMER
Economic
Neighborhood
& Local
MLS
Sales &
Loan
Valuation
& Prop
Details
Foreclosure
© 2013 Renwood ...
REALTYTRAC DATA PRIMER
County-Level Public Documents
• Pre-foreclosure, foreclosure auction and REO
• Sales & Loan
• Valua...
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac LLC
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac LLC
Distressed median
prices still flat lining
Overall home prices
up a...
LATEST HOME PRICE TRENDS
© 2013 Renwood RealtyTrac LLC
Average Annual Pct Change YTD in
2013 is 7 percent for non-
distres...
LATEST HOME PRICE & SALES VOLUME TRENDS
© 2013 Renwood RealtyTrac LLC
Sales volume
increasing but low
inventory helping
to...
STATE LEVEL SALES VOLUME TRENDS
© 2013 Renwood RealtyTrac LLC
Lack of for-sale
inventory may be
slowing sales in
Californi...
LATEST HOME PRICE TRENDS – LOCAL MARKETS
© 2013 Renwood RealtyTrac LLC
Cash buyers increasingly
winning out in tight
credi...
LATEST HOME PRICE TRENDS: NATIONWIDE
© 2013 Renwood RealtyTrac LLC
Seriously
underwater means
mortgage amount is
at least ...
UNDERWATER DATA BY COUNTY
• County-level interactive heat map
• http://www.realtytrac.com/Content/news-and-opinion/serious...
HOME EQUITY PROFILES FOR MAJOR METROS
© 2013 Renwood RealtyTrac LLC
• http://public.tableausoftware.com/shared/HTMMWH5ZG?:...
HOME PRICES BUOYING UNDERWATER INVENTORY
4.5 million homes nationwide
would transition from short sales to
equity sales wi...
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
HOW LONG WILL SHORT SALE SURGE LAST?
© 2013 Renwood RealtyTrac LLC
August foreclosure
starts at lowest level
since Decembe...
LATEST FORECLOSURE TRENDS – LOCAL MARKETS
© 2013 Renwood RealtyTrac LLC
Classic U-Shaped
Recovery
LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS
© 2013 Renwood RealtyTrac LLC
More of a V-
shaped recovery
but could turn...
LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS
© 2013 Renwood RealtyTrac LLC
Started as U but ending
up as a V
LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS
© 2013 Renwood RealtyTrac LLC
Steady plodding
LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS
© 2013 Renwood RealtyTrac LLC
A little less steady
plodding
LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS
© 2013 Renwood RealtyTrac LLC
Still flatlining
LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS
© 2013 Renwood RealtyTrac LLC
L-Shaped recovery
with clear signs of a
U d...
LEADING THE RECOVERY
© 2013 Renwood RealtyTrac LLC
LAGGING THE RECOVERY
© 2013 Renwood RealtyTrac LLC
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
Arizona time to
foreclose less
than half the
national avera...
LATEST FORECLOSURE MARKET TRENDS RECAP
• Foreclosure activity is well past its peak nationwide
• Some state and local mark...
WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING
© 2013 Renwood RealtyTrac LLC
WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING
YoY Pct Increases:
• Maryland: 365%
• Connecticut: 47%
• New York: 36%
...
WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING
© 2013 Renwood RealtyTrac LLC
YoY Pct Increases:
• Florida: 100%
• Arka...
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
LATEST FORECLOSURE MARKET TRENDS
© 2013 Renwood RealtyTrac LLC
HOW LONG WILL SHORT SALE SURGE LAST?
© 2013 Renwood RealtyTrac LLC
WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING
• Why are foreclosure starts and auctions rebounding?
– Pent-up foreclo...
TRENDS IN PROPERTY FLIPPING
© 2013 Renwood RealtyTrac LLC
FLIPPING TRENDS
U.S. property flips
increased 17 percent
from a year ago in the
second quarter
FLIPPING TRENDS
© 2013 Renwood RealtyTrac LLC
Arizona flips down 35
percent YoY. Gross
profit $21K per flip
FLIPPING TRENDS
© 2013 Renwood RealtyTrac LLC
Phoenix flips down 36
percent YoY. Gross
profit $26K per flip
BEST MARKETS FOR FLIPPING
© 2013 Renwood RealtyTrac LLC
WHAT YOU BUY MATTERS - FLIPS
©RealtyTrac Inc. 2013, Not for Distribution
Metro Numberof2012Flips AvgPurchasePrice AvgFlipP...
WHAT YOU BUY MATTERS - FLIPS
©RealtyTrac Inc. 2013, Not for Distribution
Metro Numberof2012Flips AvgPurchase Price AvgFlip...
TRENDS IN SINGLE FAMILY RENTALS/INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
RENTAL ROI STILL GOOD IN MANY MARKETS
© 2013 Renwood RealtyTrac LLC
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
U.S. institutional
investor purchases
increased 16 percen...
FLIPPING & INSTITUTIONAL INVESTORS
© 2013 Renwood RealtyTrac LLC
Phoenix only metro
among top 10 with
decrease in purchase...
HOW SINGLE FAMILY HOMES ARE BEING PURCHASED
© 2013 Renwood RealtyTrac LLC
TOP 25 HIDDEN GEM SINGLE FAMILY RENTAL MARKETS
© 2013 Renwood RealtyTrac LLC
TOP SATURATED SINGLE FAMILY RENTAL MARKETS
©RealtyTrac Inc. 2013, Not for Distribution
48
# Metro Area Investor %
1 Atlant...
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac LLC
THE PROBLEM AND OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac LLC
Nationwide vacant
foreclosures account fo...
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac LLC
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
• The problem
– More than 150,000 vacant homes nationwide, 20
percent of ...
THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES
© 2013 Renwood RealtyTrac
LEVERAGING HOUSING TRENDS: KNOW YOUR MARKET
© 2013 Renwood RealtyTrac LLC
Recent default, auction
and REO trends
Local, st...
LEVERAGING HOUSING TRENDS: FIND MARKETS WITH
REBOUNDING FORECLOSURES
© 2013 Renwood RealtyTrac LLC
Foreclosure
Inventory a...
LEVERAGING HOUSING TRENDS: FIND-OFF MARKET HOMES
© 2013 Renwood RealtyTrac LLC
Find pre-foreclosures and
scheduled auction...
LEVERAGING HOUSING TRENDS: CONTACT HOMEOWNERS
© 2013 Renwood RealtyTrac LLC
Create mailing lists of
distressed homeowners ...
LEVERAGING HOUSING TRENDS: TARGET MOTIVATED SELLERS
© 2013 Renwood RealtyTrac LLC
Identify homeowners who have
vacated the...
FIND MOTIVATED SELLERS WITH EQUITY
© 2013 Renwood RealtyTrac LLC
FIND MARKETS/HOMES WITH GOOD POTENTIAL CAP RATES
© 2013 Renwood RealtyTrac LLC
• Buy for $20K (possibly
less at auction)
•...
FIND MARKETS/HOMES WITH GOOD POTENTIAL CAP RATES
© 2013 Renwood RealtyTrac LLC
• Buy for $105k (REO)
• Rent for $1,284 a m...
FIND HOMES/MARKETS WITH GOOD FLIPPING POTENTIAL
© 2013 Renwood RealtyTrac LLC
• List price $46,500, Est.
After-Repair Mark...
RESOURCES FOR LEVERAGING THE LATEST HOUSING TRENDS
• Real Estate News & Reports (free)
• http://www.realtytrac.com/content...
DAREN BLOMQUIST
VICE PRESIDENT, REALTYTRAC
DAREN.BLOMQUIST@REALTYTRAC.COM
© 2013 Renwood RealtyTrac LLC
THANK YOU!
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Presentation: How Real Estate Investors can Leverage the Latest Housing Market Trends to Land Great Real Estate Deals

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Presentation give at the Equity Trust Networking Conference on Sept. 22, 2013, in Orlando, Fla., on the latest housing market trends and how those can be leveraged by real estate investors to identify homeowners motivated to sell, with problems that real estate investors can solve.

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  • RealtyTrac started 1996.Track over 100 million properties nationwide.
  • U.S. & State Foreclosure Starts Apr05-May13
  • Add Networking
  • Presentation: How Real Estate Investors can Leverage the Latest Housing Market Trends to Land Great Real Estate Deals

    1. 1. LEVERAGE THE LATEST HOUSING TRENDS TO LAND THE BEST REAL ESTATE DEALS © 2013 Renwood RealtyTrac LLC WELCOME
    2. 2. WHAT WE’LL COVER TODAY • Latest home sales & price trends • Latest foreclosure trends • Trends in property flipping – Best markets for flipping • Trends in single family rentals/institutional investors – Best markets for buying rentals • The problem and opportunity of zombie foreclosures • Leveraging the latest trends – Knowing the markets where you want to invest – Buying short sale, auction, bank owned © 2013 Renwood RealtyTrac LLC
    3. 3. REALTYTRAC DATA PRIMER Economic Neighborhood & Local MLS Sales & Loan Valuation & Prop Details Foreclosure © 2013 Renwood RealtyTrac LLC
    4. 4. REALTYTRAC DATA PRIMER County-Level Public Documents • Pre-foreclosure, foreclosure auction and REO • Sales & Loan • Valuation and property characteristics MLS • Listing status, price and other info • Property description and more characteristics Publicly available datasets • Neighborhood features, amenities, red flags • Macro housing and economic metrics © 2013 Renwood RealtyTrac LLC
    5. 5. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac LLC
    6. 6. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac LLC Distressed median prices still flat lining Overall home prices up annually for 17 straight months. UP 23 percent from bottom, still 26 percent below peak.
    7. 7. LATEST HOME PRICE TRENDS © 2013 Renwood RealtyTrac LLC Average Annual Pct Change YTD in 2013 is 7 percent for non- distressed properties
    8. 8. LATEST HOME PRICE & SALES VOLUME TRENDS © 2013 Renwood RealtyTrac LLC Sales volume increasing but low inventory helping to push prices up
    9. 9. STATE LEVEL SALES VOLUME TRENDS © 2013 Renwood RealtyTrac LLC Lack of for-sale inventory may be slowing sales in California and Arizona
    10. 10. LATEST HOME PRICE TRENDS – LOCAL MARKETS © 2013 Renwood RealtyTrac LLC Cash buyers increasingly winning out in tight credit market with low inventory of homes for sale
    11. 11. LATEST HOME PRICE TRENDS: NATIONWIDE © 2013 Renwood RealtyTrac LLC Seriously underwater means mortgage amount is at least 25 percent higher than estimated market value
    12. 12. UNDERWATER DATA BY COUNTY • County-level interactive heat map • http://www.realtytrac.com/Content/news-and-opinion/seriously-underwater- homeowners-county-heat-map-7856 © 2013 Renwood RealtyTrac LLC
    13. 13. HOME EQUITY PROFILES FOR MAJOR METROS © 2013 Renwood RealtyTrac LLC • http://public.tableausoftware.com/shared/HTMMWH5ZG?:display_count=yes
    14. 14. HOME PRICES BUOYING UNDERWATER INVENTORY 4.5 million homes nationwide would transition from short sales to equity sales with 10 percent increase in home prices; 8.3 million with a 20 percent rise
    15. 15. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC
    16. 16. HOW LONG WILL SHORT SALE SURGE LAST? © 2013 Renwood RealtyTrac LLC August foreclosure starts at lowest level since December 2005
    17. 17. LATEST FORECLOSURE TRENDS – LOCAL MARKETS © 2013 Renwood RealtyTrac LLC Classic U-Shaped Recovery
    18. 18. LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS © 2013 Renwood RealtyTrac LLC More of a V- shaped recovery but could turn into a W-recovery
    19. 19. LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS © 2013 Renwood RealtyTrac LLC Started as U but ending up as a V
    20. 20. LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS © 2013 Renwood RealtyTrac LLC Steady plodding
    21. 21. LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS © 2013 Renwood RealtyTrac LLC A little less steady plodding
    22. 22. LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS © 2013 Renwood RealtyTrac LLC Still flatlining
    23. 23. LATEST FORECLOSURE MARKET TRENDS – METRO MARKETS © 2013 Renwood RealtyTrac LLC L-Shaped recovery with clear signs of a U developing
    24. 24. LEADING THE RECOVERY © 2013 Renwood RealtyTrac LLC
    25. 25. LAGGING THE RECOVERY © 2013 Renwood RealtyTrac LLC
    26. 26. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC Arizona time to foreclose less than half the national average of 526 days
    27. 27. LATEST FORECLOSURE MARKET TRENDS RECAP • Foreclosure activity is well past its peak nationwide • Some state and local markets are lagging in recovery because of lingering foreclosures • States that have enacted more aggressive foreclosure prevention legislation over the past few years are susceptible to a rebound in foreclosure activity • For investors this means there will still be opportunity to find discounted foreclosures going forward in some markets over the next two years. © 2013 Renwood RealtyTrac LLC
    28. 28. WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING © 2013 Renwood RealtyTrac LLC
    29. 29. WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING YoY Pct Increases: • Maryland: 365% • Connecticut: 47% • New York: 36% • New Jersey: 27% • Oregon: 59,200%
    30. 30. WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING © 2013 Renwood RealtyTrac LLC YoY Pct Increases: • Florida: 100% • Arkansas: 71% • Illinois: 65% • Wisconsin: 45% • Washington: 21%
    31. 31. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC
    32. 32. LATEST FORECLOSURE MARKET TRENDS © 2013 Renwood RealtyTrac LLC
    33. 33. HOW LONG WILL SHORT SALE SURGE LAST? © 2013 Renwood RealtyTrac LLC
    34. 34. WHERE FORECLOSURE STARTS & AUCTIONS ARE REBOUNDING • Why are foreclosure starts and auctions rebounding? – Pent-up foreclosure activity from robo-signing, national mortgage settlement and state legislation/court rulings – Rising prices may be helping to motivate foreclosure • What are implications for real estate investors? – Clock is now ticking on delinquent homeowners – Auctions may be good place to buy in next 6 to 12 months © 2013 Renwood RealtyTrac LLC
    35. 35. TRENDS IN PROPERTY FLIPPING © 2013 Renwood RealtyTrac LLC
    36. 36. FLIPPING TRENDS U.S. property flips increased 17 percent from a year ago in the second quarter
    37. 37. FLIPPING TRENDS © 2013 Renwood RealtyTrac LLC Arizona flips down 35 percent YoY. Gross profit $21K per flip
    38. 38. FLIPPING TRENDS © 2013 Renwood RealtyTrac LLC Phoenix flips down 36 percent YoY. Gross profit $26K per flip
    39. 39. BEST MARKETS FOR FLIPPING © 2013 Renwood RealtyTrac LLC
    40. 40. WHAT YOU BUY MATTERS - FLIPS ©RealtyTrac Inc. 2013, Not for Distribution Metro Numberof2012Flips AvgPurchasePrice AvgFlipPrice GrossProfit GrossReturnPct LasVegas 1,525 $124,849 $246,347 $121,498 97% Atlanta 1,396 $91,873 $102,096 $10,223 11% Riverside-SanBernardino,CA 1,004 $185,429 $210,177 $24,748 13% CapeCoral,FL 802 $98,747 $113,979 $15,232 15% Denver 591 $223,323 $230,417 $7,094 3% Sacramento 496 $198,369 $225,917 $27,548 14% Miami 486 $132,476 $177,256 $44,779 34% Orlando 480 $98,122 $205,727 $107,605 110% Sarasota,FL 356 $116,428 $157,443 $41,014 35% PortSt.Lucie,FL 273 $89,894 $130,380 $40,486 45% Jacksonville,FL 271 $80,249 $119,345 $39,096 49% Seattle 250 $220,018 $231,263 $11,245 5% Flipping data for 3-bedroom single family homes built in 1990 or later
    41. 41. WHAT YOU BUY MATTERS - FLIPS ©RealtyTrac Inc. 2013, Not for Distribution Metro Numberof2012Flips AvgPurchase Price AvgFlipPrice GrossProfit GrossReturnPct LosAngeles 981 $247,660 $328,077 $80,417 32% SanFrancisco 273 $251,091 $317,343 $66,252 26% Denver 249 $149,778 $197,265 $47,487 32% Riverside-SanBernardino,CA 201 $102,571 $131,716 $29,145 28% Sacramento 146 $120,761 $146,443 $25,682 21% Miami 132 $88,442 $125,562 $37,121 42% SanDiego 119 $232,261 $310,801 $78,540 34% Seattle 108 $152,905 $203,199 $50,294 33% Cincinnati 107 $46,327 $48,944 $2,616 6% Detroit 102 $57,455 $56,325 ($1,131) -2% Portland 102 $146,713 $199,693 $52,980 36% Atlanta 91 $68,715 $84,178 $15,464 23% Flipping data for 2-bedroom single family homes built 1920 to 1950
    42. 42. TRENDS IN SINGLE FAMILY RENTALS/INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC
    43. 43. RENTAL ROI STILL GOOD IN MANY MARKETS © 2013 Renwood RealtyTrac LLC
    44. 44. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC U.S. institutional investor purchases increased 16 percent from year ago in Q2
    45. 45. FLIPPING & INSTITUTIONAL INVESTORS © 2013 Renwood RealtyTrac LLC Phoenix only metro among top 10 with decrease in purchases in 2013
    46. 46. HOW SINGLE FAMILY HOMES ARE BEING PURCHASED © 2013 Renwood RealtyTrac LLC
    47. 47. TOP 25 HIDDEN GEM SINGLE FAMILY RENTAL MARKETS © 2013 Renwood RealtyTrac LLC
    48. 48. TOP SATURATED SINGLE FAMILY RENTAL MARKETS ©RealtyTrac Inc. 2013, Not for Distribution 48 # Metro Area Investor % 1 Atlanta-Sandy Springs-Marietta, GA 24% 2 Charlotte-Gastonia-Concord, NC-SC 20% 3 Macon, GA 18% 4 Memphis, TN-MS-AR 18% 5 Jacksonville, FL 18% 6 Tampa-St. Petersburg-Clearwater, FL 17% 7 Winston-Salem, NC 16% 8 Las Vegas-Paradise, NV 16% 9 Lakeland, FL 16% 10 Orlando-Kissimmee, FL 14% 11 Albuquerque, NM 14% 12 Palm Bay-Melbourne-Titusville, FL 14% 13 Athens-Clarke County, GA 14% 14 Greensboro-High Point, NC 13% 15 Miami-Fort Lauderdale-Pompano Beach, FL 12% 16 Deltona-Daytona Beach-Ormond Beach, FL 12% 17 Phoenix-Mesa-Scottsdale, AZ 12% 18 Montgomery, AL 12% 19 Bakersfield, CA 11% 20 Reno-Sparks, NV 11% 21 Detroit-Warren-Livonia, MI 11% 22 Boise City-Nampa, ID 11% 23 Sarasota-Bradenton-Venice, FL 11% 24 Vallejo-Fairfield, CA 10% 25 Gainesville, GA 10%
    49. 49. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac LLC
    50. 50. THE PROBLEM AND OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac LLC Nationwide vacant foreclosures account for one in every five properties in foreclosure
    51. 51. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac LLC
    52. 52. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES • The problem – More than 150,000 vacant homes nationwide, 20 percent of all homes in the foreclosure process – Homeowners often don’t realize they still own the property and are responsible for taxes etc. • The opportunity – Homeowners who have exhibited a desire to let go of the property – Lenders who don’t want to foreclose © 2013 Renwood RealtyTrac LLC
    53. 53. THE PROBLEM & OPPORTUNITY OF ZOMBIE FORECLOSURES © 2013 Renwood RealtyTrac
    54. 54. LEVERAGING HOUSING TRENDS: KNOW YOUR MARKET © 2013 Renwood RealtyTrac LLC Recent default, auction and REO trends Local, state and national foreclosure rates
    55. 55. LEVERAGING HOUSING TRENDS: FIND MARKETS WITH REBOUNDING FORECLOSURES © 2013 Renwood RealtyTrac LLC Foreclosure Inventory and Prices Historical Foreclosure Discounts 3. Know your overall market
    56. 56. LEVERAGING HOUSING TRENDS: FIND-OFF MARKET HOMES © 2013 Renwood RealtyTrac LLC Find pre-foreclosures and scheduled auctions in your neighborhood
    57. 57. LEVERAGING HOUSING TRENDS: CONTACT HOMEOWNERS © 2013 Renwood RealtyTrac LLC Create mailing lists of distressed homeowners in default or scheduled for foreclosure auction
    58. 58. LEVERAGING HOUSING TRENDS: TARGET MOTIVATED SELLERS © 2013 Renwood RealtyTrac LLC Identify homeowners who have vacated their homes and get new mailing addresses
    59. 59. FIND MOTIVATED SELLERS WITH EQUITY © 2013 Renwood RealtyTrac LLC
    60. 60. FIND MARKETS/HOMES WITH GOOD POTENTIAL CAP RATES © 2013 Renwood RealtyTrac LLC • Buy for $20K (possibly less at auction) • Rent for $1000 a month • Est. carrying costs at $500 a month • Cash flow of $500 a month • Cap rate of 30%!
    61. 61. FIND MARKETS/HOMES WITH GOOD POTENTIAL CAP RATES © 2013 Renwood RealtyTrac LLC • Buy for $105k (REO) • Rent for $1,284 a month • Est. carrying costs at $514 a month • Cash flow of $770 a month • Cap rate of 9%
    62. 62. FIND HOMES/MARKETS WITH GOOD FLIPPING POTENTIAL © 2013 Renwood RealtyTrac LLC • List price $46,500, Est. After-Repair Market Value: $117,088 • Sold back to bank for $23,600, so they are motivated to sell low
    63. 63. RESOURCES FOR LEVERAGING THE LATEST HOUSING TRENDS • Real Estate News & Reports (free) • http://www.realtytrac.com/content • Local Stats & Trends (embeddable) • http://www.realtytrac.com/trendcenter/ • Premier subscription (address-level access) • https://www.realtytrac.com/profile/Registration.aspx • 877-888-8722 • Download data/create lists: http://mega.realtytrac.com © 2013 Renwood RealtyTrac LLC
    64. 64. DAREN BLOMQUIST VICE PRESIDENT, REALTYTRAC DAREN.BLOMQUIST@REALTYTRAC.COM © 2013 Renwood RealtyTrac LLC THANK YOU!

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