About Greene County, OH

Buying REOs is a very popular method of buying Dayton Ohio real estate for investment. If you're just getting started accumulating investment property, this is one way you can get very good deals and amass a great deal of property quickly.

REO stands for Real Estate Owned and is the acronym banks place on properties they have taken back from mortgage defaults. REOs are considered non-performing assets meaning they have value but are not bringing in any money—bad for the bank, good for you.

Buy REOs at Foreclosure Auctions

Foreclosure auctions are a great way to get fantastic deals that you might not be able to convince a bank to go with prior to the event. Some savvy investors try to catch properties while they are in pre-foreclosure which avoids a property being bid up in an auction atmosphere. To do that, you often have to convince the holding bank to "short sale" a property and sell it for less than the note they were holding on it. At a foreclosure auction, the bank is usually desperate to unload the Dayton Ohio real estate and often settles for far less than the actual value without all of the short sale paperwork.

Do Your Homework

If you choose to buy properties at auction do your homework. Use foreclosure worksheets to determine the true value of a property and what your maximum bid should be in order to realize a profit from its eventual sale or use as a rental. Doing this prevents you from getting caught up in the moment and over-bidding on a piece of Dayton Ohio real estate that has a lot of competitors bidding on it.

If you would like more information on how to acquire REO properties, I can help. Not only am I a Realtor but a prior real estate investor. I’m considered “investor friendly” this means I’ll understand your motives and goals and can help you maximize your investment. Contact me at 937-287-7523 or email me at Gene@TheGeneGroup.com.

These numbers are for Single Family Homes and Single Family Condo's sold in Beavercreek

All the talk is about how the President's stimulus plan helps out new and first time home buyers. The good news is that it also helps homeowners. You can get stimulus plan benefits from your existing Beavercreek real estate too. Add a little green living to your environment and you'll be pocketing some change at the end of the year from your income tax return.

Under the stimulus plan, both eco friendly new home purchases and eco friendly improvements on existing homes are tax deductible. Now's the time to make your home more energy efficient and get a break at the end of the year for your efforts.

Going green saves money, makes your living environment healthier, and improves the world we live in. To reap the benefits from the stimulus plan, you can make major home improvements such as adding solar power or moderate priced home improvements such as adding low flow water fixtures.

You need to make your home improvements soon to get the stimulus plan benefit. The plan only allows for the tax benefits through the year 2010. Why wait? Use this as motivation to get your projects started (and completed) now.

Here are a few additional eco friendly home improvements to consider for your Beavercreek real estate:

· Re-cover your roof: The color of your roof can make a big difference in how well your attic retains or refracts heat and cold.

· Install an energy efficient Energy Star furnace: Make sure it has a high SEER rating (seasonal energy efficient ratio).

With a little work and a reasonable investment, your Beavercreek real estate will not only pay you back in dividends for years to come, it could get you a great tax break.

If you need more ideas for how to make your home energy efficient and get tax credits, give me a call at 937-287-7523 or email me at Gene@TheGeneGroup.com.

Is this a good time for first time home buyers to consider a Beavercreek home? It's a familiar question with the economy in the state it is in. Here are a few reasons why a home is still a great investment for first time home buyers.

Pride of Ownership

This will never go away no matter what the economy is like. Owning your own home is the American dream for a reason. It just feels good to take care of a Beavercreek home that's yours and yours alone.

Tax Incentives

Owning your own home is one of the best tax deductions. The new stimulus plan makes that tax incentive better than ever before. Not only can you deduct your interest payments on your tax forms this year and for every year during the life of your mortgage, the stimulus plan allows a huge homebuyer tax credit of $8,000 for homes purchased in 2009 by first time home buyers.

Your property taxes are deductible too. Many first time home buyers understand that they can deduct the mortgage payment interest but don't realize they can declare their property tax as well for an even bigger yearly deduction.

Equity

Yes, even now, you will begin to build equity with each year you're in your new home. Equity improves your credit worthiness and gives you options for loans in the future if you need them.

Take the first step toward buying a new home and contact me. I'll help you find the perfect place for you and your family. And, I'll help you get it at a great price. Call me now at 937-287-7523 or email me at Gene@TheGeneGroup.com.

Many people go through life one paycheck to the next and never bother to figure out where their money is going. It's important to know where your money is going and what you can afford if you are thinking about buying a new Beavercreek home.

Here's how to start up a monthly budget that will keep you in the know about where your money is running off to each month.

· Find a program you're comfortable using. Your computer probably came with a spreadsheet program. If you are not used to using one open it up and become familiar with the program. It's a great tool to use to create a budget. If by chance your computer doesn't have a spreadsheet program, you can use an online program like Budget Pulse, or other useful online budget systems such as Mvelopes.

· Enter your absolute monthly expenses such as car loans, utilities including cell phone bills, and credit card expenses.

· Enter your monthly bills that can vary such as food, gasoline, entertainment. These expenses can be changed to help improve your bottom line, but make sure you give them fair limits so you don't cut yourself short on necessities such as food or transportation costs.

· Make sure you figure in some savings for vacations and other unexpected expenses that may pop up throughout the year. Trimming your budget so severely that you have no extra money to cover you when something breaks down, or an extra bill comes in is a sure method for disaster and will make you new life in a Beavercreek home miserable instead of the happy time it should be.

Once you realize where your money is going, it's easier to see if you are spending frivolously or strapped to your limits. It is the best way to determine if your dreams of a new Beavercreek home are realistic or not.

If you have any questions about your ability to afford a new home, I can help. Call me today at 937-287-7523 or email me at Gene@TheGeneGroup.com.