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Recent Articles on Investing

Millionaires See Real Estate as Top Investment for 2014

February 6, 2014 By Margaret Collins and David M. Levitt

"U.S. millionaires see real estate as the top alternative-asset class to own this year, according to Morgan Stanley. (MS)

About 77 percent of investors with at least $1 million in assets own real estate, according to a survey released today by the New York-based investment bank’s wealth-management unit. Direct ownership of residential and commercial properties was the No. 1 alternative-investment pick for 2014, with a third of millionaires surveyed saying they plan to buy this year. Twenty-three percent said they expect to invest in real estate investment trusts, the second-most popular choice.

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Experts: House-Flipping on Rise in North Texas

March 11, 2014 By Tammy Mutasa

"TV shows may make flipping houses look easy, but experts warn there are heavy risks involved.

Investors are taking advantage of the recovering housing market, buying cheap houses in areas such Garland and Mesquite, renovating them and then selling them.

Experts say the number of such "flips" is increasing. NetWorth Realty said about 50 percent of its investors are flipping house this year, compared with about 30 percent last year.

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February figures show job growth slow but steady in Texas

March 28, 2014 By Sheryl Jean

"It’s steady as she goes in the Texas labor market.

Employers across the state added 37,600 jobs in February, less than an upwardly revised 43,000 new jobs in January, according to government data released Friday.

But Texas appears to be gaining steam this year from a slowdown in the fourth quarter of 2013. Growth for the first two months of this year averaged 40,300 jobs a month compared with a monthly average of 24,900 jobs last year.

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December – Innovator [NetWorth Realty]

December 2013 By Virtual OffiCenters

"NetWorth Realty, a full-time client at Park OffiCenter is our Innovator Client! At NetWorth Realty they offer a hands-on approach with investors to solidify their success in investing. From novice to veteran investors, their innovative approach to investing is just one of the reasons they continue to thrive in an industry that is often unpredictable. Learn more about how NetWorth Realty can help build your net worth at www.networthrealtyusa.com and read their answers to our questionnaire.

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Things The Rich Do Every Day That The Poor Don't!

February 28, 2013 By Thomas Corley

"My name is Tom Corley. I am the author of Rich Habits - The Daily Success Habits of Wealthy Individuals (www.RichHabits.net). I spent 5 years studying the daily activities of 233 wealthy people and 128 poor people. What I discovered was that wealthy people have vastly different daily habits than poor people. In fact, I tracked 140 daily activities that separate the wealthy from the poor and in this article I will highlight 20 of these activities. These Rich Habits are the financial equivalent of the Holy Grail. Because there is no research like this of any kind, these discoveries are revolutionary and will challenge everything you thought you knew about becoming wealthy

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Wholesale Deals with NetWorth Realty

October 23, 2013 By Investors Beat

"NetWorth Realty is comprised of fully-licensed agents with both professional and personal knowledge in real estate. With over 30 years combined experience, NetWorth Realty knows exactly what investors need to build a strong portfolio and strive to bring only the best deals to the table.

“Company: NetWorth Realty Agent: Lee Patton Location: Atlanta, GA”

What type of properties does your company help buyers purchase? We sell primarily single family distressed real estate. We only sell the very best deals and cater to each individual investor’s needs."

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NetWorth Realty sees demand jump as Dallas becomes flipper's market

July 5, 2013 By Staff Writer, Dallas Business Journal

"Mark Bloom’s business is in a blooming industry, but his philosophy stems from medieval times.

“Go back (to) landed nobles,” he said. “They were nobles because they were landed and the peasants were peasants because they didn’t own any land. Real estate has always been a valuable asset.”

The CEO of NetWorth Realty says the industry of buying and selling houses as an investment was not commonplace 20 years ago. NetWorth specializes in finding properties for investors and educating those investors about the market.

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Case-Shiller Indices Near Five-Year High

July 30, 2013 By Mark Lieberman, Five Star Institute Economist

"Home prices rose to their highest levels in almost five years in May, increasing by a non-seasonally adjusted 2.5 percent, according to the Case-Shiller Home Price Indices released Tuesday.

The 20-city index was up 12.2 percent from a year earlier, and the companion 10-city index was up 11.8 percent. For the month, the 10-city index rose 2.5 percent and the 20-city index was up 2.4 percent. The two surveys have improved month-over-month and year-over-year for 12 consecutive months.

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Flipping on the Rise in Most Markets as Profits Skyrocket

July 19, 2013 By Krista Franks Brock

"Single-family home flipping is on the rise as flippers see growing profits from their endeavors in most markets, according to a report released by RealtyTrac.

The volume of house flipping increased 19 percent from the first half of this year to the first half of last year, according to RealtyTrac.

At the same time, profits from flipping increased 246 percent.

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House-flipping on the rise in Houston’s suburbs

June 27, 2013 By Zach Haverkamp

"When most people think of the Katy of Sugar Land areas’ real estate market, flipping houses isn’t usually the first thing that comes to mind. But as the economy recovers and neighborhoods that were new in the late 90s/early 2000s pass the double-digit age mark, the practice has begun to gain popularity in Greater Houston’s outlying areas.

cott McClellan is president of NetWorth Realty of Houston, a full-service, residential wholesale investment organization and brokerage firm. NetWorth buys houses in need of renovation and sells them to clients at all levels of experience — from realty veterans who own thousands of properties, to individuals trying their hand at house-flipping for the first time. Though the number of people getting into house-flipping tapered off with the 2008 economic downturn, McClellan said that the practice has seen a resurgence due to a combination of an improving economy, a loosening of lender guidelines, and this country’s often short memory.

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Existing-Home Sales, Prices Jump in May

June 20, 2013 By: Mark Lieberman, Five Star Institute Economist

"Existing-home sales rose a solid 4.2 percent in May to an annual sales rate of 5.18 million, the highest level since November 2009, the National Association of Realtors (NAR) reported Thursday.

Economists had expected existing home sales to hit 5.0 million.

The median price of an existing home jumped $16,200 (8.4 percent) for the month and was up $27,700 (15.4 percent) from May 2012.

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Higher prices add up to greater equity for Dallas-area homeowners

June 12, 2013 By: Robert Miller

"The number of Dallas-area homeowners who owe more than their house is worth has plunged to less than a third of where it was during the worst of the recession.

At the end of the first quarter, only 8.3 percent of Dallas-area residents with a home loan were underwater in their mortgage, according to a new report by CoreLogic Inc.

That's a big drop from the 30.45 percent of Dallas-area homeowners who were upside down in their loans in mid 2009.

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Wall Street Buying Adds To Housing Boom. Is A New Bubble On The Way?

June 4, 2013 By: Morgan Brennan, Forbes Staff

"A truck backs up the driveway of a small, single-family house landlordsin Glendale Heights, Ill. and with a bang deposits an empty, dark blue dumpster behind an identical one already filled to the brim with tattered carpeting, shredded sheetrock and a worn-out workout bench. As the semi’s beeping echoes around this suburb on the west side of Chicago,

Rob Bloemker paces the home’s patchy green-brown front lawn, swiping at a map he has pulled up on his iPad.

“This home is a raised ranch, late 60s/early 70s construction, in the early stages of rehab,” explains the tall, lean bespectacled 47-year-old Californian. Bloemker taps his iPad to display all of his local assets and zero in on this address. The property is a three-bedroom, two-bath single-family home recently acquired for $110,000 in a foreclosure auction. The carpenters sawing and hammering inside will complete $28,500 worth of renovations over the next two weeks; once cleaned up it appraises at $168,000, an immediate gain of more than 20%. But Bloemker isn’t planning to sell. He plans to rent the home out for $1,575 per month and figures, after maintenance, management and other expenses, he’ll net a 7.1% annual return on his investment of $138,500.

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Existing-Home Sales, Prices Jump to Multiyear Highs

May 22, 2013 By: Mark Lieberman, Five Star Institute Economist

"Existing-home sales rose 0.6 percent in April to an annual sales rate of 4.97 million, the highest level since November 2009, the National Association of Realtors reported Wednesday. Economists had expected a 1.6 percent increase to 5.0 million from March’s original report of 4.92 million sales. March sales were adjusted upward to 4.94 million.

The median price of an existing single-family home jumped $8,900 in the month to $192,800, the highest since August 2008.

The inventory of homes for sale rose to 2.17 million—its highest level since last September. The supply of homes for sale rose to 5.2 months, the highest since October. The inventory has been a persistent concern to realtors who say the low supply of homes for sale has reduced the number of transactions.

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Rent vs. Buy: Which is Cheaper?

March 22, 2013 By: Kate Rogers, FOXBusiness

"Consumers looking for their next place to rent may want to consider making a more permanent move. The recent housing bubble sent the demand for rentals up soaring and along with low interest rates, new data shows owning a home can be a lot less expensive than renting.

A new report from real estate listing website Trulia found it’s 44% cheaper to buy in today’s market than it is to rent. What’s more, in the country’s 100 largest metropolitan cities, it’s less costly to own a home than rent space. In 2012, it was 46% cheaper to buy versus rent.

Wholesale real estate broker Mark Bloom says homeownership became less costly because so many people struggled to access mortgages in the past five years after the housing bubble burst, which drove them into the rental market and pushed those prices higher.

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Flipping houses is booming again in Houston

April 4, 2013 By: NewsFix

"Brokers and investors agree that Houston’s market is very strong right now. If you’re planning to buy a home do it soon, because in the Space City, even the houses for sale fly right off the market.

“We have an over 15% increase in home sales over last year and prices have risen over 8%,” said Joe Sevcik, broker at Networth Realty.

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Homes selling faster as buyers outpace supply

March 17, 2013 By: Julie Schmit, USA TODAY

"Homes sold faster last month than in any February since 2007 as eager buyers met a tight supply of homes for sale, industry figures show.

Homes were on the market for a median of 98 days last month, down from 123 days in February 2011, according to Realtor.com. That means half the homes listed for sale in February were on the market for less than 98 days and half for more than that.

Even 98 days is long for many markets.

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Experts: House-Flipping on Rise in North Texas

March 11, 2013 By: Tammy Mutasa

"TV shows may make flipping houses look easy, but experts warn there are heavy risks involved.

Investors are taking advantage of the recovering housing market, buying cheap houses in areas such Garland and Mesquite, renovating them and then selling them.

Experts say the number of such "flips" is increasing. NetWorth Realty said about 50 percent of its investors are flipping house this year, compared with about 30 percent last year.

Read entire Article here...

Survey Says Small-Time Investors Favor Buy and Hold over Flipping

February 4, 2013 By: Daren Blomquist, Contributor

"RealtyTrac recently conducted an informal survey of about 100 of our customers who identified themselves as real estate investors and found that the majority are following the conventional wisdom that today’s real estate market is ideal for the buy-and-hold investing strategy — although a substantial number are still flipping.

The survey was originally conducted for an article in RealtyTrac’s award-winning monthly newsletter, the Foreclosure News Report, that looked at the outlook for real estate investing in 2013. The central survey question for the purposes of that article was what outlook these investors have for their local real estate market in 2013.

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NAR: Existing-Home Sales Jump to 3-Year High in November

December 20, 2012 By: Mark Lieberman, Five Star Institute Economist

"Existing-home sales rose 5.9 percent in November to a seasonally adjusted annual rate of 5.04 million, the highest level since November 2009, the National Association of Realtors (NAR) reported Thursday. Economist had expected the sales pace to improve to 4.9 million.

The median price of an existing single-family home rose to $180,600 in November, up 10.1 percent from November 2011. November was the ninth consecutive month to see year-over-year price gains, maintaining the longest streak for yearly improvements since mid-2006.

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A New Housing Boom

October 12, 2012 By: Chris Isidore

"The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom.

Signs of recovery have been evident in the recent pick ups in home prices, home sales and construction. Foreclosures are also down and the Federal Reserve has acted to push mortgage rates near record lows.

But while many economists believe this emerging housing recovery will produce only slow and modest improvement in home prices, construction and jobs, others believe the rebound will be much stronger.

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Increase in Asking Prices Exceeds Rent in Certain Markets

December 4, 2012 By: Esther Cho

"National gains for rentals still grew faster than asking prices for homes in November, but in certain metros, the trend was reversed, Trulia reported Tuesday.

According to data from Trulia, rent prices in November increased by 5.6 percent year-over-year, while asking prices for homes were up 3.8 percent, representing the biggest increase so far this year.

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Housing Recovery Is Sustainable, According to Market Analysts

December 3, 2012 By: Tory Barringer

"Despite a number of potentially damaging headwinds, the ongoing housing recovery will remain sustainable for the foreseeable future, analysts for Capital Economics say in a recently released report.

The housing industry’s rapid rebound took many experts by surprise-even the researchers who authored the report admit they “have been slightly taken aback” by the recovery’s speed. However, they point to several major indicators that show the current upturn is more than a temporary blip or a false recovery.

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Dallas-area home prices jump by biggest percentage in more than five years

November 27, 2012 By: Steve Brown

"Dallas-area home prices saw the biggest gain in more than five years in September.

Prices rose by 4.4 percent from year-ago levels in the latest nationwide housing comparison in the Standard & Poor’s/Case-Shiller Home Price Index.

September was the seventh month in a row that Dallas-area home prices were higher than the previous year in the closely-watched home price measure.

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Report: Population of Multifamily Renters Expected to Grow

November 6, 2012 By: Esther Cho

"In a slow recovery, Freddie Mac expects to see further growth in the multifamily sector, while the homeownership rate is projected to tick down from its already historically low rate.

According to the GSE’s multifamily demand forecast, the homeownership rate will descend by one or two percentage points to around the 65 percent level, which implies more than half of total new households, or 3.1 million families, will transition into rental units.

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Warren Buffett Just Made A Huge Bet On The US Housing Market

October 31, 2012 By: Matthew Boesler

"Perhaps the most bullish indicator for U.S. housing is Warren Buffett.

The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business.

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Houston among top 5 real estate markets to watch, report says

October 18, 2012 By: Olivia Pulsinelli, Web producer

"Houston is one of the top real estate markets to watch nationwide, a new report says.

The Austin and Dallas-Fort Worth markets also made the list.

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Real Estate Still Best Long Term Investment According to OwnAmerica Survey

February 22, 2012 By: Carol Bloom Stevens

"Despite a prolonged downturn in the housing market, real estate is still the best long term investment, according to 84% of respondents in OwnAmerica’s recent survey on real estate investing. Comparatively, stocks/mutual funds, bonds and savings accounts were ranked best by only 9.9%, 4% and 2%, respectively.

Among the respondents who have invested in real estate, 81.6% say they have made money and 82% expect real estate values to “definitely” appreciate over the next ten years.

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Dallas-Fort Worth home sales up 18 percent in August

September 10, 2012 By: Steve Brown

"An 18 percent increase in August preowned home sales marked the eighth month in a row that North Texas home purchases were higher than the previous year.

And median sales prices in August were 8 percent ahead of year ago levels.

Real estate agents sold 7,986 single-family homes through their multiple listing service last month, according to statistics from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

It was the largest number of homes was sold in a single month since before the recession.

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Another Triumph for Texas: Best/Worst States for Business 2012

May 2, 2012 By: JP Donlon

"In Chief Executive’s eighth annual survey of CEO opinion of Best and Worst States in which to do business, Texas easily clinched the No. 1 rank, the eighth successive time it has done so. California earns the dubious honor of being ranked dead last for the eighth consecutive year.

This year, 650 business leaders responded to our annual survey, up from 550 in 2011. CEOs were asked to grade states in which they do business among a variety of areas, including tax and regulation, quality of workforce and living environment. The Lone Star State was given high marks foremost for its business-friendly tax and regulatory environment. But its workforce quality, second only to Utah’s, is also highly regarded.

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Home values rise for first time in 5 years

July 24, 2012 By: Les Christie @CNNMoney

"Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday.

Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter.

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Case-Shiller Jumps a Record 2.2% in May

July 31, 2012 By: Mark Lieberman, Five Star Institute Economist

"Home prices rose sharply in May, cutting the year-year drop in prices to 0.7 percent from 1.8 percent in April, Standard & Poor’s reported Tuesday in its Case-Shiller Home Price Index. Prices in the 20 cities surveyed rose 2.2 percent month-month.

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Home Prices Hit Record High

July 16, 2012 By: Nancy Sarnoff / Houston Chronicle Blog

"The median price of a house in the Houston area hit a all-time high in June and sales were up for the 13th straight month, according to a monthly report released Tuesday.

The single-family median price — the figure at which half the homes sold for more and half sold for less — reached $171,000 last month, up 6.9 percent over the same time last year, the Houston Association of Realtors reported.

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Home prices in Atlanta climb; first increase since July

June 26, 2012 By: Christopher Quinn / The Atlanta Journal-Constitution

"Metro Atlanta's home prices reversed eight months of declines, ticking up almost 1 percent in April, according to a widely watched housing index.

The news, coupled with recent healthier indicators such as rising permits issued for new home construction, offers hope that the region could be beginning a climb out of the slump.

Standard & Poor's Case-Shiller Home Price Index showed the area's first uptick in home prices since last July. Local experts say the numbers are driven by record-low interest rates, shrinking inventory, fewer foreclosure sales and growing new home sales.

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Happy days are here again? Houston home sales hit highest point in four years

June 19, 2012 By: Ralph Bivins

"Houston home sales skyrocketed in May, reaching the highest point in four years, the Houston Association of Realtors reported Tuesday. With a whopping 6,185 single-family homes sold in May, the monthly sales total was up 24 percent over May of 2011.

Last month’s impressive sales were the highest since June 2008 when 6,269 sales were recorded in the Houston area.

“Some local housing analysts had predicted that the housing market would experience significant improvement this spring and summer, but these numbers far exceed expectations,” said Evert Crawford, director of the Institute for Regional Forecasting at the University of Houston’s Hobby Center for Public Policy.

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US sales of previously occupied homes up in April

May 22, 2012 Associated Press

"WASHINGTON (AP) -- Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving.

The National Association of Realtors says home sales rose 3.4 percent last month to a seasonally adjusted annual rate of 4.62 million.

That brings home sales back near the pace in January and February - which was the best winter for sales in five years.

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Americas fastest-growing cities, 2012

April 25, 2012 By: Daniel Fisher, Forbes.com

"There was a time in the early 1990s when Austin, Texas, was the quintessential see-through city, with empty office towers downtown and vacant subdivisions meandering through the surrounding limestone hills.

No longer. Austin realtor Kevin Elliott says buyers are snapping up houses as companies like Apple, Progressive Insurance and Whole Foods add hundreds of jobs and out-of-staters gladly pay up for what, to them, appear to be ridiculously cheap homes.

“My last three listings I’ve had multiple offers, and they sold for either full price or more than full price,” said Elliott, with the Home Resource Group of Keller Williams Realty. “They were all under contract within 48 hours.”

A revived home market is just one side of the boom in Austin, which ranks first on Forbes’ list of America’s Fastest-Growing Cities for the second year in a row.

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The Best Cities To Buy A Home Right Now

April 12, 2012 By: Morgan Brennan, Forbes Staff

"But say you do simply want a place to park some of your hard-earned money, perhaps a fixer-upper you could occupy for a few years or maybe a house you believe you could rent out right away and easily oversee?

You wouldn’t be alone: investment-homes sales jumped 64.5% from 2010 to 2011, with investors making up 27% of all single-family, condo and co-op purchases last year, according to the National Association of Realtors. And it’s no wonder why. Home affordability is at the highest level ever in the 42 years that NAR has been tracking it. Nationally, home prices are down more than 30% from their 2006 peak. Mortgage rates hover near all-time lows, with 30-year fixed loans just under 4%. And while the 10-year Treasury note yields around 2% and a 1-year CD an even stingier 1% or less, housing investments, specifically homes purchased as rental properties, return a 6.3% yield on average, according to Goldman Sachs. So you have cash or financing to make a purchase, you’re aware of the responsibilities that come with homeownership, and despite the woes continuing to hinder a full-on housing market recovery, you believe in brick and mortar investments. Now comes the tricky part: where to buy that house."

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HOUSTON HOME SALES SHOW CONTINUED VITALITY IN FEBRUARY

March 20, 2012 By: HAR - Houston Association of Realtors

February marked the ninth consecutive month of positive home sales across the greater Houston area, and properties sold at a brisk enough pace to drive housing inventory to its lowest level since December 2008. The month also saw the trademarks of a healthy real estate market continue to prevail—a decline in active property listings and rise in pending sales.

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More Investors Put Cash in Rental Homes

February 19, 2012 By: Katherine Snow Smith, Times Staff Writer

Since the last quarter of 2011, there has been growing demand from investors to buy discounted properties, not to flip, but to rent. They say they get a better and safer return on their money than banks or the stock market can offer. Though buyers are getting bargain basement deals, this surge of activity for investment properties is reducing inventory and leading the way to an improved overall residential market...

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Houston Fastest Growing Metro Area in U.S. Dallas #2 Atlanta #3

By: Laura Weisman

According to a Rice University comparison of the 2000 and 2010 U.S. Census numbers, Houston is the fastest-growing metro area, adding more than 1.2 million people during the 10-year period. Dallas came in second with roughly 20,000 fewer people, and Atlanta was third with 1 million...

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Warren Buffett on CNBC: I'd Buy Up 'Millions' of Single-Family Homes If I Could

February 27, 2012 By: Alex Crippen - Executive Producer

Warren Buffett says along with equities, single-family homes are a very attractive investment right now...

If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks. He advises buyers to take out a 30-year mortgage and refinance if rates go down...

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Bidding Wars Erupt as U.S. Supply of Homes for Sale Falls

March 27, 2012 By: Prashant Gopal and John Gittelsohn

Bidding wars, absent from most parts of the U.S. residential market since its peak in 2006, are erupting from Seattle and Silicon Valley to Miami and Washington, D.C. The inventory of homes hovers close to a six-year low, while an increase in jobs and record affordability are tempting more buyers. The number of contracts to buy previously owned homes jumped 14 percent in February from a year earlier, the National Association of Realtors reported yesterday.

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According to CNN Money: House Flipping is Back!

April, 2012 By: CNN Money

Watch to see how others are on the road to success with their investment properties..

View Video here...