Hunter Estess - The Importance of Views and Area Reputation in Real Estate Investing

Hunter Estess has been in the real estate industry since early 2000s and has accomplished great successes.

Great views are important to the value of a property no matter the size of a real estate investment. If a modest apartment building has a view of trees in the back of the property, you could turn the trees into a small park and increase the value of the building. You could also choose to increase the size of the windows to allow for better views. The importance of the views depends on the vision you have for a property. If you are working on a small residential building, a quiet street may be a great view for it. You always want to look for a view that corresponds to the lifestyle of your tenants.

Another important factor to consider when choosing real estate investments is reputation. Does the building have a prestigious address? Is it located close to a landmark, a convention center, a beach, or some other place that people visit a lot? A small real estate investor needs to consider whether the location is good for people that will be interested in it. If you are targeting affluent buyers, then you want to look in an area that has luxury residences and trendy restaurants. If you are thinking of selling or renting to middle-income families, choose an area that is desirable for members of this market segment. This is what Hunter Estess always strives to do.
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Hunter Estess - Asset Management in Real Estate

Hunter Estess, president of Estess Contractors, and many other real estate developers and investors work on their asset management skills to continue to be successful in their businesses. Investment assets are purchased every day by investors, governments, private companies, and corporations. These entities can purchase real estate to improve and resell, or to rent or lease out.

Real estate investment can be tricky because of the nature of the field. Properties can become devalued, damaged, and deteriorated over time. Asset management also means working within the parameters of the government’s complicated tax and legal rules. Investors can also use asset management in regards to investment portfolios. IN this scenario, diversification is key to success. Investors like Estess will purchase and control multiple real estate properties in many different locations, thereby avoiding the placement of all eggs in one basket. Asset managers will specialize in particular aspects of property, such as operations or regions. This manager works on rental and lease agreements in ways to attract customers, eliminate vacancies, and limit and liabilities.

Real estate investors and developers like Hunter Estess are familiar with all aspects of real estate asset management. The main goal of asset management is to maximize investment returns and property values. The asset manager must work to reduce liability, find high and reliable sources of revenue, and reduce expenses. Asset managers must be entrepreneurs as well, overseeing multiple facets of investment properties. Those managers who are successful are rewarded with the largest portfolios and the highest profits.

Source: http://www.investopedia.com/ask/answers/040815/what-does-asset-management-mean-regards-real-estate.asp

Hunter Estess - Raising Capital in Real Estate

Hunter Estess, president of Estess Contractors and Dash Development, and other renowned real estate investors and developers, know that raising capital is essential to becoming successful in the real estate field. This can be a challenge for many new investors, but raising capital is about much more than a message, marketing image, or website. Personal relationships, return of capital, and reasonable returns are important cornerstones of raising capital in real estate.

A personal relationship between the investor and the potential money partner is of utmost importance. The real estate investor must get out and network at local functions to build, and then maintain, a relationship. A return of capital is the next important consideration, especially for the investor. An investor’s primary concern is protecting the money that has been lent to the investor, and many will look for collateral should their investment not pan out. An investor has to be ready to share a thorough backup plan with the money partner so that partner does not lose his contribution.

Many real estate investors like Hunter Estess steer clear of promising what may not be delivered, namely overly large and impossible returns. Overconfidence on the part of the investor can translate into mistrust in the eyes of the money partner. It is best to underestimate the goals of the project rather than over estimate and lose the money partner’s trust. That said, the investor must still make the investment sound appealing. Chasing the big win is why many money partners got into the business to begin with. Real estate investors should not overestimate or promise the impossible, but they should make clear the potential for their deal.
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Hunter Estess - Creative Financing

Successful real estate investors, like Hunter Estess of Dash Development and Estess Contractors, have made lucrative real estate deals with creative financing methods. Creative financing means using approaches other than standard mortgages to finance a property. Three creative financial  tactics that investors use involve seller-financing, otherwise known as seller-carryback.

                                          

Investors like Estess may look to the seller as a financier for a desired property. This can be a consideration but the investors need to define what the seller’s needs are, how much the seller owes on the property in question, and whether the seller’s payments are current. Assessing these three qualities will help the purchaser take the next steps in securing the seller’s financial backing in the purchase of the property. If the seller’s property is free and clear, it could be to the seller’s benefit to work with the purchaser. A seller may not want to pay taxes on the whole property at once, or he may be nearing retirement age and want to have some added income but not in one large sum.

Hunter Estess and other real estate developers and investors may also work with the seller in the other two scenarios. If there is a loan current on the property, the purchaser can enact a “subject to” deal wherein he takes ownership of the seller’s loan, with the title in the purchaser’s name but the loan still belonging to the seller. If the seller still has a loan but wants money back on the deal, the buyer can offer the seller a carryback loan. Third party providers can easily manage all of this into one quick, tidy loan.

Source: http://epicrealestate.com/3-scenarios-for-tapping-into-creative-financing/

Hunter Estess - Residential Construction

Successful real estate investors and contractors, such as Hunter Estess, owner of Dash Development and Estess Contractors, achieved their financial security in part by investing in residential construction. This area of real estate investment involves the building and sales of single family residences. Like other types of real estate investment, residential construction can involve myriad aspects and, if an investor is not educated and careful, can lead to negative cash flow.

Residential construction can be a profitable venture if the investor has researched and planned accordingly before purchase. Necessary components for residential construction are elements like: capital for labor supplies and living expenses; reliable suppliers and skilled laborers; a smart plan for marketing new builds; and a steady source of land for development. Financing is an important consideration as well. The investor and builder needs to honestly assess his ability to finance multiple construction builds even when interest rates change or the housing market weakens. Otherwise, the residential construction investor can find himself in significant financial stress.

Hunter Estess and other renowned real estate gurus have successfully ventured into residential construction and that has helped them achieve the financial independence they enjoy today. Smart investors need to keep a steady balance of construction sites under control, pay their obligations to financial institutions on time, and plan for delays at points in the construction schedule. Quality is also necessary for investing success, as constructing properly the first time means avoiding paying more to do it right the second time. Finally, construction investors should be experts at communication to keep all components of the project together and on time.

Source: http://itsallaboutbusiness.com/Residential.htm