Warren Buffet, the billionaire investor and CEO of Berkshire Hathaway was interviewed recently on CNBC and stated that single-family homes are an attractive investment. His recommendation currently is to purchase real estate rather than stocks. The Huckaby Briscoe Conroy Realty Group has recently had great success with helping clients to invest in real estate.
One such scenario was the purchase of a town home in McLean in order to keep as a rental property. The client stated to Karen Briscoe that their money was not earning good yields being kept in the bank and decided to become a real estate investor. The purchase was in a neighborhood that the client was very familiar with, close by to where they currently live. Our analysis on the rental market for that subdivision showed that units rented very quickly at a strong market value. In fact, the HBC Realty Group had the property rented prior to the sign even going up! The next door neighbor to the unit saw the unit had sold and that the HBC Realty Group was representing the Purchaser of the property and contacted us saying they had a friend wanting to rent in the neighborhood.
Another scenario was the purchase of a row house in Washington, DC for a company that buys property, improves it and then sells it. This situation is similar to the realty TV shows where contractors go in and in a matter of days remake a house. Lizzy Conroy, who is licensed in DC, analyzed market segments to determine where the best upside potential was located. Clearly there is great demand for doing quick rehabs as the investor lost out on a few opportunities. The perseverance of Lizzy Conroy paid off because they found a property in an up and coming neighborhood and were the first buyer to submit, so the investors offer was accepted. After settlement, the contractors went to work and transformed the place in 2 weeks time! The expert photography of HBC Realty Group marketing illustrated how the home was transformed. An offer was made and agreed to in a matter of 7 days for the resale of the home – that meant success and money made for the investor working with HBC Realty Group. The investor was so pleased with the job well done that he decided to work with Lizzy Conroy on another project.
A third scenario is the investor that has a larger appetite, either for commercial properties or making a block purchase of residential real estate. The HBC Realty Group can assist in those endeavors as well. Bill Detty and George Lodge are both active members of the Keller Williams Commercial division.
The Huckaby Briscoe Conroy Realty Group boasts experienced Realtors ® in the Northern Virginia, Washington DC and Maryland market places and would be delighted to assist in all matters of buying and selling real estate. The Huckaby Briscoe Group was recognized in September 2011 as one of the Wall Street Journal Top Real Estate Teams in the United States. Please contact via the means most convenient for you: www.HBCRealtyGroup.com, 703-734-0192, Homes@HBCRealtyGroup.com.