Client Spotlight: Legacy Mutual Mortgage

“Michael has been a great business partner! He and the Red Team Property Management staff are patient and proactive. They handle each situation with dignity and class and work to ensure they are completed to their clients’ satisfaction. I look forward to working with them on the next transaction.”

Jenni Jones

About Legacy Mutual Mortgage

Legacy Mutual Mortgage is a local full-service mortgage company conveniently located minutes from Downtown Fort Worth. With in-house processing, underwriting and closing, Legacy is at the top of their game in the mortgage lending industry. Legacy offers Conventional, FHA, VA, USDA, and Jumbo programs for both purchase and refinance transactions. I have been a licensed loan officer since 2004 and pride myself on “thinking outside the box” to consider all available options and find the best mortgage for my clients. Others say that I am reliable, approachable, and extremely knowledgeable in the industry. Customer Service is my #1 priority!

Jenni Jones
Loan Officer
MLO NMLS #263547
JJones@LegacyMutual.com

Legacy Mutual Mortgage
A Gardner Financial Services, Ltd/Crockett National Bank Company
Institution NMLS #278675
1300 S University Dr, Ste 110
Fort Worth, TX 76107

Office: 817-870-2777
Fax: 817-546-1656
legacymutual.com

The North Texas Rental Market is on FIRE!

and it’s not going out anytime soon…

The DFW area recently took the #4 spot in Realtor.com’s top 20 hottest housing markets in the country and the numbers are showing it! Home prices have shot up by more than 40 percent during the last five years, and just two months ago, we saw prices jump by 14 percent – one of the largest year-over-year gains ever for our area.

May’s strong home sales and price spike is going to put a lot of pressure on DFW’s housing market, which is already stretched to its limits, with more buyers than sellers. While the area’s average is somewhere around the 1.4 months, some suburban markets, including The Colony, Richardson, Bedford, Hurst, Carrollton and Farmers Branch, have under a one month supply of houses listed for sale.

Homes are being built as quickly as possible, but as a younger crowd flocks to our city for its economic growth, most are not in the price range where inventory is needed mostthe entry-level market. In addition to the low inventory, tight lending standards and rising home prices have created a tough market for former homeowners, who lost property during the housing crash.

So what does this mean for residential property investors? A strong demand for more moderately priced homes has set the North Texas rental market on FIRE!

As of May 2015, the average apartment rent within 10 miles of Dallas, TX was $1512, with one-bedroom apartments going for an average of $1241 a month, and two-bedroom apartments averaging $1725.

If you already own properties in the area, seeing numbers like this is a rental investor’s dream come true! But with the hoards of new residents piling in, weeding through potential renters can be overwhelming at best. If you’re looking for more freedom and better returns, Red Team Property Management works hard to ensure you’re getting the best rent as our market continues to change, as well as fostering the right tenant fit – protecting your investment. Contact us today and start seeing results!

Best Rents + Great Tenant Fits = VALUE!

Educating for REAL Greatness,

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.

URGENT: 2015 Real Estate Investments

Information All Investors Need to Know NOW 
Lawrence Yun, chief economist with the National Association of Realtors commented on our rise from the great recession, “More jobs means more demand for office space, more demand for warehouse space, and more demand for rental housing.” he said. “States with the biggest employment increases are seeing the best commercial real estate activity. Some states are doing much better than others…Texas is consistently in the top five.”

This is fantastic news for anyone in the rental property business, and we’re all looking for ways to take advantage of this economic primetime, including new property purchases. But the question remains – do we jump now, or do we wait to see if it’s going to get better? Although most analysts are expecting a steady increase in both the economy and housing market, there is something more to consider.
In 2008, the Federal Reserve introduced the Quantitative Easing program which was meant to boost the economy. It’s thanks to this program that mortgage rates have been at a historic low, however the QE is now set to taper off by October of this year. Along with our economic growth and a dwindling unemployment rate, you can be sure that we’ll begin to see interest rate numbers rise by this fall, if not sooner.
DFW is such a hot market right now, and there’s no sign of that changing anytime soon. It is expected that Texas is going to see a 3.5% growth in its economy this year. Realtor.com even predicted that with our local area’s increasing inventory, high employment growth and relative affordability makes it the No. 1 market for forecasted household growth over the next five years.
Whether you’re thinking about jumping into the rental real estate pool for the first time or you’re a seasoned investor, we invite you to connect with our team. We’re passionate about what we do, and we love sharing our experienced advice with you, the investor. 
Educating for REAL Greatness,
Red Team Property Management

Red Team Real Estate was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional knowledgeable service with maximum value.