These companies are growing and are opening new locations in buildings that are leased from private owners. The new leases are ten to twenty years long and have little risk for the landlord.

Usually, the tenant is responsible for paying the taxes and insurance on the building as well as making all repairs to the building with the exception of the roof. If the building is new or has had the roof replaced recently, the risk of needing  a major roof repair is small.

These buildings can be purchased at prices that will yield an annual rate of return of from 7 % to 10 % depending on the length of time remaing on the lease. Many of these leases will have options for the tenant to extend the lease for successive periods of  five years.

Long term leases to tenants with a solid credit rating, little responsibilty for maintenance and a yield that is four times greater that what is available in Certificates of Deposit make this an idea that is worth pursuing.

Call me at 478-320-5773 or e mail me at dale@dalewashburn.com for more information on available properties.

Dale is available for speaking on a variety of topics. Contact him for more information!

Call Kristie Kenney for more information at 478-825-6187. Pre-Registration is REQUIRED, so call today!

Download the pdf flyer here:

Location Location Location with Dale Washburn

For more information, call Dale Washburn at 478-320-5773 or CLICK HERE to contact Dale online.

Starting : Monday, October 3rd
Ending: Friday, October 21
Monday through Friday from 8:30am to 1:30 pm

Place:
Downstairs Classroom at Middle Georgia Institute of Real Estate
2960 Riverside Drive
Macon, Georgia 31204

Cost: $585 including textbook

For More information:
Call Dale Washburn at 478-320-5773

M.G.I.R.E
c/o Dale Washburn
2960 Riverside DriveSuite 260
Macon, GA 31204

First of all, although there is mortgage financing available at present, it is difficult to obtain. Even buyers with a good credit score are experiencing increasingly difficult requirements for loan approval.

Secondly, Private Mortgage Insurance Companies are failing because of claims due to foreclosures. A Mortgage Insurance Company insures the borrowers willingness and ability to repay a mortgage loan. If the borrower defaults, the Mortgage Insurance Company protects the Lender from loss if the sale of the real estate that secured the mortgage does not sell for enough money to pay the debt.

If there are no private mortgage insurance companies, borrowers will have two choices, to pay 20% down on a house or finance using FHA or some other government sponsored Mortgage Insurance Program. Very few Americans have cash on hand for a 20% down payment leaving the government programs as the only alternative. If the government programs go the way of the Private Mortgage Insurance Companies because of  losses due to foreclosures and falling real estate values, the only alternative will be a cash down payment of 20% which most Americans will not have .

If people can not buy houses, they will be forced to rent houses. There will be no choice, families must have shelter whether it is owned or rented, If it is not financially possible to own it, it must be rented.

Actually, there is thought that owning a home will not be as good an investment in the future as it has in the past. One thing is sure, we can no longer guarantee that real estate values will climb, at least for the next several years.

Also, there could be thought that  the flexibility and variety of renting rather than buying is attractive. One can choose to find a new place to rent and choose not to renew a lease at the present residence much easier than to  sell a house and buy another house, especially as things are now in the current housing market.

Owning a home has always been considered a leading indicator of financial strength. There is always that question on any credit application, do you own or rent? If more and more people are renters, either by choice or necessity, it will probably be that the idea of renting will be more and more acceptable and will not be the requirement for positive assessment of  financial strength as in the past.

Difficulty in obtaining mortgage financing, no guarantee of increased value, flexibility in changing residences easily and a changed attitude about the financial stability represented by home ownership may change the idea that home ownership is a status to which most consumers aspire.

The equity in a home has always been the centerpiece of the financial holdings of many American families . Are we only a few years away from that not being the case any longer? Are we going to become a nation of renters?