Norada Real Estate Investments

Investing in Mobile Alabama Real Estate

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Imagine if you had the foresight 7 years ago to invest heavily in Las Vegas, Phoenix, Miami and Honolulu, and to get out 2 years ago. Each of those markets appreciated over 100% in a 5 year period. Many savvy investors made enough money in those markets in just 5 years that they never have to work again. Now, instead of waking up with that 7 am alarm clock, many of them softly awaken by the warm breeze off the ocean blowing through their open window.

Mobile, Alabama (pronounced ‘moe beel’) is a city located in southwest Alabama at the mouth of the Mobile River. Spanning about 38 miles on the north shore of Mobile Bay, it was the city held by the French, British, and Spanish until it was seized by U.S. forces in 1813.

Today, Mobile, Alabama is one of the country’s hottest growth markets. Any real estate investor looking for a market with a solid economic foundation and strong appreciation potential will find it here.

According to a new research forecast by Moody's Economy.com, Mobile County will have the fastest growing economy over the next five years among all 363 American metropolitan areas, growing over 34% from 2007 through 2012. [Read more…]

Estimating Value With The Capitalization Rate

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Capitalization RateThe Capitalization Rate (also known as “Cap Rate”) is used to compare an income property with other similar income properties.  It can also be used to place a value on a property based on the income it generates.

The Cap Rate merely represents the projected return for one year as if the property was bought with all cash.  But since we don't normally buy property using all cash we would use other measures, such as the cash-on-cash return, to evaluate a property's financial performance.

[Read more…]

Blog Question: Keep it or Sell it?

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One of our blog readers submitted the following question:

“I have a home that was appraised at $130,000 this month. However, I think it's worth at least $200,000.  Would you agree to keep it until the market comes back up and try to sell then?  My ex-husband will rent it from me until then.  Thanks, Bev”

Well Bev, there are several things to consider: [Read more…]

10 Best Real Estate Markets

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Most experts agree that the days of flipping properties are over.  With weak demand, slow sales and high inventory in most US markets, the question real estate investors are asking is, “Where do I invest now?”

As always, there are markets around the country where homes are affordable, the underlying economy is strong, and appreciation is imminent.  These are the markets you should consider looking at for your next long-term real estate investment. [Read more…]

Money Tight, But Good Time to Buy

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With falling prices and rising inventories, investors are finding themselves in the best buying position in almost a decade.

A recent polls by Reuters/Zogby tells us that it’s a good time to buy. And another poll by Associated Press and AOL also reveals that it’s a good time to buy but 60% of those polled won't buy any real estate within the next two years.

The disparity is probably due to economic fears which are causing consumers to tighten their purse strings. The Reuters/Zogby poll said that nearly 75% of American’s believe the economy is in a recession right now, and almost 50% rated their personal financial situation as negative.

The AP/AOL poll said that nearly 14% of mortgage holders fear they will miss a mortgage payment soon. And 30% said they are concerned their home’s value will decrease within the next two years.

The important thing to remember is that you should stay focused on your local neighborhood and those of your real estate investments. Remember that real estate is primarily driven by local economic factors such as jobs, housing inventory, and supply and demand.

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Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
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