Great Investment Deal

I think that now may be the best time ever to jump into a Real Estate investment home than right now. Interest rates are extremely low accompany that with low home prices and you have a got a steady long term investment when purchase a rental home in this market. For instance you can get a investment loan on this house with 25% down at 5.125% interest rate, which would put your principle and interest payment at $265.44 a month. My estimates of the tax and insurance payment would be an extra $97.00 a month. The house is currently rented with a long term tenet who is paying $750.00 a month. So so here is the simple math.

Money Out of Pocket:

$16,250 Down Payment

$1,900 Closing Cost and Prepaids (Estimated)

= $18,200 out of pocket cost.

Monthly Financials:

$362. 44 Monthly Payment

$750.00 Rent

= $387.55 Monthly Profit

If you want additional information on the home click here.

New Listing

I've got a great new listing out in the country but still convenient to eastern Jefferson county and is only about a 35 minute drive to downtown. The home is just five years old and is custom built with many upgrades throughout. Check out the two links below for a virtual tour and the other for more information.

Virtual Tour

Home's Webpage

QR Readers for Real Estate

I'm doing some new things that I'm really excited about with QR codes to help market myself plus my listings. Anyone who has a smart phone can now download an easy to use scanner app and instantly will have the capabilities to scan and store information to their smart phone.

Something else cool that I'm doing with them is posting them on home fliers and having them linked to a virtual tour of the home. This way people can get a virtual tour right on their cell phones as they set in front of the house.

Deal of The Week

This weeks deal is in Douglas Hills it a great traditional two story and its a bank foreclosure. It once sold for $210,000 back in 2003 and is now listed for $185,900. Click the picture for more details.

Deal of the Week

This weeks deal is a super cool condo located in the Clifton area on HWY 42. It once sold for $160,000 back in 2007 and is now on the market for $79,900. I've shown this places before and the are really neat inside, give me a ring if you want to check them out!

Click Below for more details:

http://mikefogledealoftheweek.info/

Louisville Makes the Top Ten list

Great News!! Our very own city has made the top ten "Cities for Families". We are also making our forth appearance on the list for top 100 places to live for young people. Check out the entire article on the link from Yahoo below.

http://shine.yahoo.com/event/summertravel/the-10-best-cities-for-families-2498408/

GRI Designation

I have been kicking around the idea of getting my GRI (Graduate Realtor Institute) designation for a couple of weeks now and can't make up my mind about what I want to do. The GRI is basically a Master's degree for Realtors, that will help me be more knowledgeable in many different areas of my business. In order to obtain the designation you must take five 16 hour courses and 16 hours of elective courses. The five required classes are below:

GRI 1: Professionalism in Real Estate
GRI 2: Smart Marketing
GRI 3: Financing the Successful
GRI 4: From Offer to Contracts to Closing
GRI 5: Systems for Success

So what do you all think about me pursuing this designation? Would you be more likely to choose a Realtor who had a designation like this or would it matter to you? Let me know your thoughts in the comment section.