Hunter Estess: Three Facts About Residential Construction

Hunter Estess has been working in real estate and construction for many years. He is the owner of Dash Development in Louisiana. “I have extensive experience in property valuation and acquisition; new construction development, multiple, simultaneous capital expenditure real estate rehab projects,” says Mr. Estess. He studied construction management at the College of Engineering at Louisiana State University. Mr. Estess is the owner of Dash Developers and specializes in residential construction.

Residential construction can be a great investment opportunity for individuals who work in real estate. Residential construction involves building and selling homes. Some may be single family dwellings while others may be multi-family dwellings. Real estate developers may have experience in residential construction.

Residential construction requires financial backing. Real estate developers may raise capital and then work with a construction company. Building homes is a long process that requires a healthy financial backing. Building residences involves several steps including land excavation, and design. Residential construction involves the expertise of architects and construction managers. Hunter Estess has experience in construction and project management. He is passionate about making investments.

Source:

http://itsallaboutbusiness.com/Residential.htm

Hunter Estess: Have You Heard of Apartment Investing?

Hunter Estess has been working in real estate for more than a decade. Hunter Estess is the owner of Dash Development and is interested in multi-family, or apartment, investing. “Under the mentorship of nationally-acclaimed, multi-family expert Michael Blank, I have expanded his predominately single-family real estate portfolio to investments in over hundreds of multi-family units in the Gulf South area,” states Mr. Hunter Estess.

Hunter Estess

Suggested Read: Hunter Estess - Advantages of Investing in Real Estate Syndicates

Investing in multi-family homes can be a great way to build a healthy investment fund. A multi-unit property may require a higher down payment, but the investment could result in a steady return. Investors who work with single family homes may struggle with keeping that property occupied. Investors who own multi-family properties can have tenants leave without suffering a major impact on their investment. If two tenants out of thirty vacate their apartments, the owner will still get a return on his or her investment. Hunter Estess is interested in investing in multi-family properties and has years of experience in real estate. When he is not building his career, he coaches youth wrestling.

Sources:

http://www.businessinsider.com/an-investor-who-owns-4000-apartments-explains-why-multi-family-real-estate-is-the-best-investment-hes-made-2016-7

Hunter Estess : Considering Multi-Family Real Estate?

Hunter Estess is a talented real estate professional who owns Dash Development. He has experience dating to his teenage years and has mentored under nationally-acclaimed experts since launching his career. One expert that Hunter Estess mentored under is Michael Blank, a respected multi-family investor. Hunter Estess has since expanded his portfolio exponentially. If you’re considering multi-family real estate, information like that below might help you make a confident decision:

    

•  Easier Management

Managing a handful of units under a single roof is often easier than handling individual properties.

For example, if you have an eighty-unit building, you can use one property manager or property management company to handle tenants. Those same eighty units could prove much more stressful in eighty different locations, under eighty different roofs.

•  Increase Cashflow Quickly

Increasing cashflow from a multi-family investment can be as easy as adding a safe, well-lit laundry facility with good machines. When a single improvement ups the value of multiple units, you can often increase cash flow much faster. 

Don’t hesitate to contact a company like Dash Development before invest. Having experts like Hunter Estess on your side can greatly increase your chances of success.

Hunter Estess - A Guide to Solo 401k Plans

When you own your own business or work as a sole proprietor, you don’t have the luxury of participating in an employee run retirement plan. For Hunter Estess, owner of Dash Development and Holdings, this means investing in an individual 401(k) plan, also known as the solo 401(k). These plans work much like the traditional 401(k) plans that are offered by large companies but is strictly designated for sole proprietors who don't have any employees. 

Just like the traditional 401(k) retirement plan, solo 401(k) plans can be either designated as a traditional or Roth IRA. A traditional plan, you are able to save money on a pre-tax basis, meaning that it grows tax-deferred until you withdraw it. At the time of withdraw, you are required to pay taxes on the money. A Roth IRA allows you to invest after-tax dollars and your money grows tax-free, meaning you aren’t taxed when you withdraw the funds. 

If you are planning on investing large sums of money, these types of plans are ideal. Individual 401(k) plans allow you to save for your retirement as both an employer and an employee. This means you are able to contribute more to your plan than you would with other retirement plans. As an employee, you are able to contribute up to $18,000 every year, and as the boss, you can contribute an additional twenty-five percent of your income, with a maximum of $53,000, which includes your employee compensation. 

These types of plans are appealing if you plan on socking away large sums of money. For Hunter Estess, a Solo 401(k) plan is the perfect investment option for his retirement as a sole proprietor and business owner.

Hunter Estess - Make the Invested Time Principle Work in Your Favor

Hunter Estess of New Orleans is a major player in the real estate market in the Gulf South region. He knows how to negotiate successful real estate deals.

The invested time principle states that the more time a person spends on a negotiation, the less likely he or she will get out of the negotiation without making a deal.

When you are looking to buy a real estate property and make an offer, the sellers immediately start spending the money in their heads. The longer the negotiation lasts, the harder it is for them to back out of the deal, because they see the money as if it were already theirs.

When you are selling a property, the buyers usually start envisioning what they will do with the property as if it is theirs before they buy it.
You can use this principle to your advantage by making the other party spend a significant amount of time on the deal. Get the buyer or seller to review or submit financial statements. Ask them to make projections of cash flow, expenses, and profits. Get engineers to take a look at the property. Do a title search.  Discuss the concerns with the other side. Send requests for more information.

Most people hate the idea of wasting time. After they spend enough time on something, they really want to make it work.

This being said, you shouldn’t forget that spending a significant amount of time on a deal will most likely have an impact on your decisions as well. Try to keep your work to the minimum and have the other party spend as much time, money, and other resources as possible. That is what smart real estate investors like Hunter Estess do when it is appropriate and beneficial for the negotiation.

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