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Letter To Investors 2017

January 5, 2017 by Christian Chase

My goal is to keep our real estate investors informed regarding emerging markets for opportunity and tracking/trending current conditions. In 2016 Chase Real Estate hit the $100,000,000 mark in closed transactions. We are very pleased with our investors’ performance. A majority of our investors purchased an average of 12 homes in the past year. I am grateful for the confidence you have in our firm and the opportunity to be part of your success. Our projection for the next year is positive due to the volume of foreclosed properties that will be coming to market in the Chicagoland area. There are a few key topics that investors need to be aware of moving forward. As the market changes, we as investors must change with it.
Here are a few takeaway points:

  • FHA has made a major announcement regarding the condo/townhome approval process. For the past seven years, many condo and townhome developments have not been approved for FHA financing, significantly holding down values by up tp 30%. FHA recently made changes allowing these unapproved properties to be “spot” approved and making the process of getting an entire development on the approved list much easier. Our investors must pay close attention to this new change, as there are short and long-term opportunities. Look for a video coming soon to take advantage of this change.
  • Townhome style units are in extreme demand. Low inventory and high buyer demand remain the same as 2016. Many investors have gravitated towards single family in the past – this is a market change, and I encourage you to adapt to this shift. Millennial buyers like the predictable payment of principal, interest, taxes and yes – the HOA payment. Townhomes cover a majority of the large dollar expenses, and buyers are not left with a large bill to replace a roof, siding, etc. and fixed monthly maintenance costs such as grass, snow, and rubbish services.
  • Financing a property purchase has become rather easy with bankers and lenders offering investment funds. They are extremely confident in the real estate market. I am approached weekly by different banks and lending institutions looking for client referrals. They want the business!
  • Cash-Out financing options for investors have increased allowing for the purchase of rental real estate with a cash-out option. This ties into the FHA approval process listed above. I encourage investors to identify properties located in non-FHA approved developments and hold for short and long-term gains. We expect these units to increase in value rapidly as soon as approval has taken place.
  • You have likely seen a number of videos, emails, and messages regarding the importance of utilizing these quality control inspections. We have seen significant positive results on properties that were quality controlled. I encourage all investors to implement this for each investment. Investors who follow our system and utilize this part of the process sell faster and reduce deal loss.

We were recently awarded another new contract for listing REO properties. As our contact base with these REO companies expands, deal flow will increase throughout 2017.
Sincerely,
Christian Chase

Christian Chase

Christian Chase: Broker / Owner

Want to live the good life? We've got a system to take you there. Christian is a real estate investment broker/analyst at Chase Real Estate. Assisting investors locate foreclosed property for over 20 Years. 7000+ Closed Transactions.
Category(s): Foreclosure News

Letter To Investors 2016

January 2, 2016 by Christian Chase

My goal is to keep our real estate investors informed regarding emerging markets for opportunity and tracking/trending current conditions. There are a number of new developments in our market and I felt that it best be shared in an email update. In 2015 we hit the $100,000,000 mark in closed transactions. We are very pleased with our investors performance. A majority of our investors purchased an average of 11 homes in the past year. I am grateful for the confidence you have in our firm and the opportunity to be part of your success. Our projection for the next year is positive due to the volume of foreclosed properties that will be coming to market in the Chicagoland area. There are a few key takeaways that investors need to be aware of moving forward. As the market changes we as investors must change with it

Here are a few takeaway points:

  • 55+ communities are booming and there are always quite a few foreclosures available in these areas. Condition of these units are usually fairly good and require low dollar remodeling.
  • Town home style units are in extreme demand. Many investors have gravitated towards single family in the past – this is a market change and I encourage you to adapt to this shift. Millennial buyers like the predictable payment of principle, interest, taxes and yes – the HOA payment. Town homes cover a majority of the large dollar expenses and buyers are not left with a large bill to replace roof, siding, etc.. and fixed monthly maintenance costs such as grass, snow, and rubbish services.
  • Outlying suburbs are in high demand again. When the market collapsed in 2007, these areas were hard hit as buyers had an opportunity to move closer to the city for a lower price – as the market improves buyer demand has increased substantially in these outer areas.
  • Financing options for investors have increased allowing for the purchase of rental real estate with a cash-out option. I had a bearish outlook on rentals over the past 8 years. As we begin to see price appreciation I encourage investors to slowly add these to their portfolio. Rent prices are steadily rising and I anticipate this to continue into the foreseeable future.
  • Post-rehab home inspections are highly encouraged. Investors who follow our system and utilize this part of the process sell faster and reduce deal loss. This should be implemented on all transactions.

As our contact base with REO companies expands deal flow will be strong throughout 2016.

Sincerely,

Christian Chase

Christian Chase

Christian Chase: Broker / Owner

Want to live the good life? We've got a system to take you there. Christian is a real estate investment broker/analyst at Chase Real Estate. Assisting investors locate foreclosed property for over 20 Years. 7000+ Closed Transactions.
Category(s): Foreclosure News

3 Reasons To Buy Right Now!

December 2, 2015 by Christian Chase
1. REO companies want to book pending sales prior to the new year. They will look at lower offers than any other time of the year.
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2. Less competition. The average real estate investor takes a break during the holiday season.
3. January and February are two of the best months to resell investment property. This has been consistent for over 20 years.
Interesting Fact: Dec. 28th is one of the busiest days for internet real estate searches in the entire year, despite the fact Dec. 24th is the single slowest.

 

Christian Chase

Christian Chase: Broker / Owner

Want to live the good life? We've got a system to take you there. Christian is a real estate investment broker/analyst at Chase Real Estate. Assisting investors locate foreclosed property for over 20 Years. 7000+ Closed Transactions.
Category(s): Foreclosure News