My New Commercial is Ready!

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Loving my new commercial.  Its my first professionally edited video and I think it rocks.  Let me know what you think!

Country Living at its Finest!

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Immaculate home located in Wake Forest. Home is nestled behind the trees for privacy. Oversized detached 2 car garage. Large deck, covered front porch and fenced bk yd. HUGE MASTER!!! Wood burning frpl, two large living areas, kitchen loaded w/cabinets, large pantry, ceilings fans, solar light in bath, plush master bath. Paved long drive w/ parking pads. Don’t miss this!!
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What is Your Home Worth?

Caren Fried
Keller Williams Preferred Realty


5 Tips Every Real Estate Investor Should Know

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Ever thought about buying property to renovate and flip or hold and rent?  Don’t know where to start?  Starting as a real estate investor can be a daunting task and is completely different than investing in the stock market.  Here are 10 tips to start your path as a real estate investor.

1)    Know your budget – The price of the investment property is only the beginning of the expense.  If financing, talk to a broker that is knowledgeable in investment property.  They can give you guidance in costs to obtain the loan and monthly mortgage expenses.  Make sure you have an inspection done to know what repairs need to be made and any other hidden gems (mold, insect infestation, structural damages).  Do research on tax impacts of real estate investing on both a local, state and federal level.

Determine what carrying costs will be for vacancies (utilities, home owner associations, insurance, maintenance, marketing, management fees, and mortgage costs).  Make sure to factor that into the budget.

Do your research to determine what the property would rent for.  What return are you looking for?  Make sure opportunity costs are factored into that return and get your rental rates priced right to minimize the vacancy costs.  Is the neighborhood appreciating or depreciating?

2)    Talk to other investors – Get feedback on your questions from other investors.  Many cities have investor networks that are looking to collaborate or mastermind with. Look on Facebook, Meetup or other sites to find a meeting.  If you have questions, they can be a good place to find guidance.

3)    Know the history – If buying property where a tenant is in place.  Find out more about it.  Payment history, repair requests, damages, background, lease terms.  This can affect the terms of the contract and factors into your budget and goals.

4)    Know your exit strategy – How long do you want to own and rent this property?  What are your 1, 2, 5, and 10 year horizons?  Is this a stepping stone to buying other properties?  Is this going to help with your retirement plans?  What are you going to do when you no longer want to invest?

5)    Build your team – Surround yourself with professionals that can help you throughout your journey.  Consult a Realtor, financial planner, tax specialist, mortgage broker, property manager, building inspector and attorney, among others.  Make sure they are knowledgeable with investment property.

For more information about real estate investing, click here.


“I can sell my house myself, I don’t need a REALTOR”

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I’ve heard that several times over the last few months. I follow up to see if any For Sale By Owners (FSBOs) need help, if they will pay a buyer’s agent or if they know what disclosures they are supposed to use during a transaction.

By third or fourth call, they are exasperated; investors are calling to lowball an offer, buyers make appointments and don’t show up, or worse they put an offer in knowing they can’t qualify.

According to the National Association or REALTORS, 86% of FSBOs end up listing with a REALTOR. Why? Various reasons; time, money, and expertise in their field are the most common.

I get that sellers are trying to save money. Everyone wants to save money. But, there are some things you should invest money in. Using a REALTOR gives you the security that your house is priced right, staged to sell, the buyers are qualified, the investors are reasonable, and increases the likelihood of a sale. We do this without compensation. We are only compensated if your home sells. We are fronting money for pictures, measurements, marketing, and all of our time working to get your home sold.

We want your home sold as much as you do. We track statistics such as days on market, list to sales price, number of expireds, etc. We want a positive outcome and happy clients. Happy clients tell their friends and family about us and we get more happy clients.

So why hire a REALTOR? Because we do more than sell homes. We help you meet your goals, we are dedicated to a positive outcome and, above all, we are professionals who do this every day. We know what it takes to sell homes and we can sell yours, too!