REI News

by Tim Herriage Tim Herriage No Comments

Scott Horne to be the Featured Speaker at the April DFW Investors Meeting

Our next free real estate investor meeting will feature a longtime friend of ours, Scott Horne. Scott Horne is a business partner and mentor to many of the most successful investors in Dallas Fort Worth.  Scott’s passion to help investors and create optionality in investment transactions has made him the go to resource for funding, legal, title, and a myriad of other investor focused services.

L. Scott Horne, principal partner of Horne & Associates, P.C., has practiced law in DFW for over 30 years while simultaneously building an impressive personal portfolio in single-family real estate investments. As a real estate and title fee attorney, he and his firm assist Realtors and Real Estate Investors in structuring, drafting, and closing creative real estate transactions as well as many other other business needs. Scott has has closed over 10,000 Owner Finance transactions. Scott uses a unique approach, blending both the legal and practical aspects of real estate to provide his clients a common sense approach to each transaction.

Scott has agreed to present The Art of Money at this months DFW Investors Monthly Meeting.

After borrowing three quarters of a billion dollars on over 7,250 single family homes…one at a time. Scott has learned that the real estate investment business is truly all about the money…..finding money, negotiating money, making money, saving money and keeping money.   Join Scott on April 9th to learn how to incorporate the basic principles and primary strategies of our industry, to achieve the end goal….wealth generation.

Scott and his team are always ready to help investors and their clients.  You can find them at their office in Garland, TX or online.

MORE ABOUT HORNE AND ASSOCIATES, PC

Started in 1988 as L. Scott Horne P.C., the firm was established to handle real estate transactions of all types for investors, and slowly grew to working with realtors as well.

Scott saw the opportunity in his real estate business relationships to expand into real estate title operations. He then quickly expanded to four title offices in the DFW area.

Today, Horne & Associates, P.C. incorporates all facets of the real estate industry into its business, which includes residential and commercial closings, title operations, investor and realtor representations, creative finance transactions, with a focus on creative real estate transactions, foreclosures and landlord / tenant representation.

972-271-1700
Scott@HorneRealEstateLaw.com
http://www.HorneRealEstateLaw.com

1795 Northwest Highway
Garland, Texas 75041

by Tim Herriage Tim Herriage No Comments

STRUCTURE SELLER FINANCE NOTES FOR MAXIMUM PROFITS

Tuesday, January 16th from 1:00pm to 2:30 pm at the 2020 REI Training Room.  8330 LBJ Frwy, Ste 1100, Dallas TX  75243

If you have an interest in selling and/or buying Seller Financed Notes, you should know the characteristics it takes to establish value and ensure that you will be in the best position to make the most money.
Whether you are a mortgage buyer or a property seller, the processes and paperwork before, during and after the sale need to meet specific standards to ensure that the contracts are legal, enforceable and profitable.
How does it work?

Amy Sayre with August REI will walk you through the steps and bring clarity to this investment tool.
You will learn:
What is the most important part of the transaction?
What are the activities involved in a seller financed note?
What are the risks involved?
Why do you need a credit report?
Why should you use experts to help?
What are the best ways to maximize profits?

RSVP    http://evite.me/MCFgUms9Ax
Class is taught by Amy Sayre at the 2020REI Training Room.  8330 LBJ Freeway, Suite 1100, Center III, Dallas TX  75243

by Tim Herriage Tim Herriage No Comments

REI Choice Insurance

RESIDENTIAL PROPERTY INSURANCE PROGRAM

  • SIMPLISTIC UNDERWRITING
  • NO PHOTOS OR INSPECTIONS
  • REQUIRED PACKAGED COVERAGE FOR VACANT &/ OCCUPIED DWELLINGS
  • FULLY PRO-RATED INSURANCE WITH NO MINIMUM EARNED PREMIUM
  • AVAILABILITY IN ALL STATES

REI Choice Insurance
1.972.755.1880
www.REIChoice.com
How Does This Differ From a Typical Homeowners Policy?

  • No penalty for property being vacant.
  • No exclusion for intentional acts by the tenants.
  • No up charge in premium for a roof due to age.
  • You do not pay premium for coverages you may not require, such as contents or temporary housing.
  • Claims filed on this policy will not have a negative impact your Homeowner’s claim history

Keep Your Cash Up Front
Keep more cash in your pocket and take advantage of monthly premium payment plans for no additional fee! So, instead of paying a bulk annual amount up front, you can budget your cash in a manner that makes sense for your business.

The abbreviated outlines of coverages used throughout this proposal are not intended to express any legal opinion as to the nature of coverage. They are only visuals to a basic
understanding of coverages. Please read your policy for specific details of coverages.

by Tim Herriage Tim Herriage No Comments

REI DATA SYSTEMS Officially Launches InvestorWell, where Real Estate Investors Have Lenders Compete for Their Business

Dallas, TX August 16, 2017– REI Data Systems, a division of 2020 REI Group, is proud to announce the official launch of InvestorWell, application created to help real estate investors secure funding for their property acquisitions.   The site is designed to be quick and easy so that investors can effectively get the capital they need without hassle. Investors would rather spend their time finding their next great deal, not chasing lenders to fund it.
“This invaluable tool for investors is appropriately named the InvestorWell,” said Tim Herriage, CEO of 2020 REI Group. “It’s a place where real estate investors can attain funding for their projects fast and easy and our lenders ensure the well is never dry.”
Many people are familiar with websites that have conventional mortgage lenders compete for their business. What makes InvestorWell unique is that it services the investment loans segment of the real estate market. Investment loans are different because they can fund faster and usually cover rehab expenses when needed. With this new tool for investors, they receive the best rates and terms from lenders who understand the real estate investment space and can often provide additional insight for their customers.
“InvestorWell has been extremely successful so far in our testing phase,” said Mike Inman, Vice President of Technology at 2020 REI Group. “We have turned a complex function of real estate investment into a straightforward process. 3 loan offers in 10 simple clicks. It’s as simple as that.”
To try InvestorWell for yourself, go to www.investorwell.com. InvestorWell is also actively looking to partner with lenders nationwide. To learn more about becoming a partner with InvestorWell, contact Justin Bennett at justin@2020rei.com
ABOUT 2020 REI
2020 REI Group is a complete real estate investor eco-system which provides comprehensive services for the single-family real estate investor. 2020 REI is a collection of professional real estate investing companies specializing in acquisition, brokerage, consulting, disposition, equity, financing, and technology services nationwide. We bring over two decades of experience and a large and varied portfolio together to help individuals and companies acquire, stabilize, and execute desired exit strategies within the real estate investment industry.  Tim Herriage was previously a cofounder and Managing Director for the Blackstone Group’s B2R Finance, and has been a real estate investor for more than fifteen years.
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by Tim Herriage Tim Herriage No Comments

2020 REI Expands Management Team by Adding Key Positions to Support National Growth in 2018

2020 REI Group, one of the only companies providing comprehensive services to real estate investors, has hired a slew of top professionals in the last six months to spur growth in Texas then nationwide.
“When I founded 2020 REI 18 months ago, I had a bigger vision of supporting real estate investors on a national level,” said Tim Herriage, CEO of 2020 REI. “Texas is one of the best markets for real estate investors to start buying properties and all investors are welcome, even out of state.”
2020 REI is focused on developing products and services to provide complete support for real estate investors. “I’ve always thought it made sense to offer value added services to our clients,” said Mike Burkett, VP of Originations for 2020 REI. “We are a one stop shop for investors. Our customers want support from a company that has done and seen it all.  We help our customers focus on what they do best.”

When I founded 2020 REI 18 months ago, I had a bigger vision of supporting real estate investors on a national level. Texas is one of the best markets for real estate investors to start buying properties and all investors are welcome, even out of state.

 TIM HERRIAGE, CEO, 2020 REI GROUP

2020 REI has recently added the following officers to support its customers’ needs: Abe Romero, VP of Marketing; Justin Bennett, VP of Business Development; Marcus Reynolds, VP of Investor Relations; Andrew Costlow, VP, Insurance Operations; and Mike Inman, VP of Technology.
“It’s an all-star team,” said Tim Herriage. “With these additions, along with our other officers, we are set up to make a push across Texas and then nationally.”
The 2020 REI team also includes Adam Trujillo, VP of Operations; Richard Weeks, VP of Administration; Catherine Gill, VP of Finance; and finally, Mike Burkett, VP of Originations.

by Tim Herriage Tim Herriage No Comments

June 2017: North Texas Real Estate Stats

The statistics on Real Estate in North Texas are in and we have been seeing consistent growth from Q1 of 2017.  If you currently own an investment property in North Texas, it is a safe bet that it’s appreciating at an impressively consistent rate. Within the last month there has been approximately a 21% sales increase. As a result, investors and owner occupiers are purchasing additional investment properties at a rapid rate.  Furthermore, the days on market has decreased approximately 8% while there is a 16% increase of active listings.  Why is this important information? The DFW market is growing and individuals are working hard to capitalize on as much profit as possible. While it may be a struggle to locate undervalued properties, it is beneficial that you work with a team like Investable Realty to find you the right home. Not only is Investable Realty proficient at sourcing deals, they help investors finance, rehab, and stabilize their properties as well.
“While it may only look like a seller’s market, the increasing rate of listings,sales, and appreciation are attracting investors of all levels to buy in what’s considered to be the best investment real estate market in America.”
-Marcus Reynolds, VP of Investors Relations

by Tim Herriage Tim Herriage No Comments

May 2017: DFW Real Estate Stats

As you can tell, statistical data can alter drastically in the DFW market from month to month.  Every indicator in the recent MLS stats for May shows the market is hot and only getting more desirable for sellers and buyers to capitalize on investment opportunities. Don’t sit on your hands as of yet! Especially if you have an investment opportunity, buy or sell, now is the time to strike.
2020 REI takes pride on how and where they source their properties to ensure investors that they’re placing their capital in high growth and high demand areas.  When you are looking to identify an area that will work with your investment strategy, it is best to understand the performance and strength of that particular market.
“If your market of interest is on the rise, don’t be shy on purchasing because of the growth… you should capitalize on it.”
– Marcus Reynolds, VP of Investor Relations – 2020REI

by Tim Herriage Tim Herriage No Comments

Investable Realty Crosses 75 Million in Total Volume in 18 months of operation

Investable Realty is one of the fastest growing Real Estate Brokerages in Texas and they are growing their footprint Texas wide.
June 29, 2017 Dallas – Investable Realty, a 2020 REI Group Company, the fastest growing investor centric Real Estate Brokerage in Texas, has surpassed the 75 MM total volume mark in only 18 short months of operation. This milestone has come shortly after Investable Realty expanded their reach into the Fort Worth market by opening a satellite location in Bedford, Texas. “We plan to expand our footprint statewide,” said Tim Herriage, CEO of 2020 REI Group. “Our brokerage is unique in that we mainly serve real estate investors by finding them opportunistic properties for investment. We also market and sell their rehabbed or rental properties on their behalf so they can focus on their real estate investment business.”
Investable realty has also more than tripled their agent count since April of 2016. “We are actively looking for new agents to come on board and contribute to the vibrant culture we are building,” said Richard Weeks, VP of Realtor® Operations. “We have something special here. Our brokerage offers a collaborative environment where agents get to work with seasoned individuals and teams. An agent is never alone at Investable Realty. We find that our agents appreciate the freedom to grow their business according their own schedule as well as learn from our other successful agents. It also doesn’t hurt to work with investors who buy homes 7 times more often than the average homeowner.”
A brokerage dedicated to real estate investors may seem too niche but the numbers tell a different story.  Here is a quick view of the SFR market and its opportunities according to Green Street Advisors.

  • SFR properties comprise 37 percent of the rental market and roughly 13 percent of all occupied housing.
  • Institutional investor portfolios represent just 1 percent of the single-family rental market.
  • Real estate investors like single-family rentals because turnover is typically lower than with apartments, landlords don’t have common-area maintenance costs and the asset’s value has meaningful upside compared to apartments.
  • Home values are still below their peak in many areas, despite rising prices, and additional home-price appreciation is on the horizon.
  • An estimated 3.9 million renter households will form between 2016 and 2020. If SFR’s 37 percent market share remains steady, that means about 1.5 million new single-family rental units will be needed.

“There is a tremendous opportunity for investors to take advantage of this market in the next couple of years,” said Tim Herriage. “The challenge for investors is finding the right investment properties. That is why I created Investable Realty in the first place. I needed local and experienced Realtors® to help me identify properties for my investment portfolio.”
Texas is a prime location SFR investors to invest and Investable Realty is following suit by actively hiring new agents across Texas. If you would like more information on how to join or learn more about Investable Realty, please go to http://investablerealty.com/
About Investable Realty
Investable Realty is a local real estate brokerage currently focused in the Texas area that provides exceptional property variety and customer service to individual, professional, and institutional buyers and sellers. Investable Realty is the brokerage are of 2020 REI group.
ABOUT 2020 REI
2020 REI is a complete real estate investor eco-system which provides comprehensive service for the single-family real estate investor. 2020 REI is a collection of professional real estate investing companies specializing in acquisition, brokerage, consulting, disposition, equity and financing services nationwide. We train, find, acquire, fund, and build. We bring over two decades of experience and a large and varied portfolio together to help individuals and companies acquire, stabilize, and execute desired exit strategies within the real estate investment industry.
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If you would like more information about this topic or wish to request and interview with Tim Herriage, please contact Abe Romero at (972) 755-1880 or email at abe@2020rei.com.

by Tim Herriage Tim Herriage No Comments

THE FIRST IN-DEPTH REPORT OF THE SINGLE FAMILY REAL ESTATE INVESTOR – THE ICEBERG REPORT

THE FIRST IN-DEPTH REPORT OF THE SINGLE FAMILY REAL ESTATE INVESTOR – THE ICEBERG REPORT

The Iceberg Report is a comprehensive analysis of the single-family residential investment industry focusing on investor behavior, practices and how single-family REI investors effect the US economy. 
Phoenix, Denver, Dallas, June 13, 2017– The role of the individual and institutional single-family residential investor is highly undervalued and tremendously under-appreciated. About 10 million individuals, businesses and institutions provide secure housing and jobs for millions of average Americans. 67 million souls live in single-family rentals, a million more properties are added each year employing millions of individuals, to buy, renovate, lease and maintain as safe housing for tenants in affordable to luxury markets.  Single-family rentals have been discovered as a low-risk passive income revenue source and a growth asset in a balanced portfolio or personal retirement plan.
The Iceberg Report proves that portraying single-family real estate investors as slumlords, tenants as victims, and bad rentals destroying good neighborhoods is far from the reality.  Wise investors have goals of happy tenant customers and well-maintained appreciating properties that align with good business practices and good neighborhood outcomes.
The size of this market is well documented. However, the Iceberg Report set out to reveal a segment of the market that has yet to be discovered. The report examines investor behavior by qualified investor segment, fiscal impact and influence on the US economy.  In a collaboration between Real Trends, NEXZUS Publishing Group, the Harris Poll, and 2020 REI, a concerted effort was made to develop a report show the true nature of the single-family REI industry. “These are people who have a vital mission and dedicate their businesses to provide housing for others Small landlords, often your neighbors, and real estate investors provide homes for more than 25 million households. This report begins to map the market and the document reality.”
Using Harris Poll, single-family real estate investors were surveyed nationwide to understand why, where, what and how they invest and manage these properties to provide stable housing and realistic returns on their personal and company investments.
Early data from the Iceberg Report has shown that there are many facets to this complex space. “Real Trends and NEXZUS first surveyed the market in 2008 and 2012 to quantify the market in The Invaluable Investor Studies,” said Andrew Waite President of NEXZUS Publishing Group. “SFR investing may be big, but it is not monolithic. The Iceberg Report now begins to analyze the qualitative aspects of this market to discover what they invest in, what preferences apply, how they buy, where they buy as well as tipping points and strategies in choosing various property, funding, goods and service alternatives.
The report touches several other critical components that shape this market. Key among these are how the single-family real estate investor effects the economy, how investors view their properties (as added rental income or as an intentional business goal), investor decision points, and the investor as a customer,” says Steve Murray, Founder & CEO Real Trends.
“The Iceberg Report raises as many questions as it attempts to answer. This is just the beginning of our team’s analysis on the single-family real estate investor industry,” said Tim Herriage, CEO of 2020REI. “This report and follow up analysis of related disciplines and activity will be ongoing; the goal is to track emerging trends and implications in this informally managed multi-trillion-dollar investment industry. The goal of The Iceberg Report is to help investors be recognized as serious contributors to American economic well-being. Secondarily to help investors understand where they fit and help vendors serve this class of customer in better serving their tenant customer.
The full release of the Iceberg Report will be available June 13th. To download your free copy of the Iceberg Report Executive summary, please go to http://icebergreport.com/
The Authors of the Iceberg Report are Real Trends and NEXZUS Publishing, Survey by Harris Poll with inspiration/seed sponsorship from 2020 REI Companies.
ABOUT 2020 REI
2020 REI is a complete real estate investor eco-system which provides comprehensive service for the single-family real estate investor. 2020 REI is a collection of professional real estate investing companies specializing in acquisition, brokerage, consulting, disposition, equity and financing services nationwide. We train, find, acquire, fund, and build. We bring over two decades of experience and a large and varied portfolio together to help individuals and companies acquire, stabilize, and execute desired exit strategies within the real estate investment industry.
About The Iceberg Report
The Authors of the Iceberg Report are Real Trends and NEXZUS Publishing, Survey by Harris Poll with inspiration/seed sponsorship from 2020 REI Companies. The Iceberg Report 2017 was conducted online by Harris Poll on behalf of Nexzus Publishing Group between February 24 and March 27, 2017, among 277 US adults who own at least one single-family residence (SFR) that is not their primary residence.
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If you would like more information about this topic or wish to request and interview with Tim Herriage about the Iceberg Report or 2020 REI, please contact Abe Romero at (972) 755-1880 or email at abe@2020rei.com.
 
 

by Tim Herriage Tim Herriage No Comments

April 2017: DFW Real Estate Stats

Statistics change every day. We are seeing a rise in the overall growth in Texas but in the DFW market, we are experiencing a drastic increase in rental amounts, # of property sales, and decrease in # of days on market (rental and owner occupant). This change is influenced primarily by Texas’ ‘no state income tax, strong economy, steady job market, and affordable housing.’ 2020 REI takes pride on how and where they source their properties to ensure investors that they’re investing in high growth and high demand areas. So, when you are looking to identify an area that will work with your investment strategy, it is best to understand the performance and strength of that particular market.
“If your market of interest is on the rise, don’t be shy on purchasing because of the growth… you should capitalize on it.”
– Marcus Reynolds, VP, Investor Relations – 2020REI

Marcus Reynolds
VP of Investor Relations | 2020 REI Group
Direct: 214.714.2000 | Office: 972-755-1880
marcus@2020rei.com | 2020rei.com
 

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