Many folks believe that Green Real Estate costs more money - it actually makes you more money...Here's how!!
Welcome to the Greenhabbing 101 blog where we teach YOU how to Invest in Green Real Estate!? Today, I am going to share the Biggest Misconception about Investing in Green Real Estate.
So you are probably wondering, what the heck is this misconception about Green Real Estate Investing?? Many folks believe that by going green in their real estate investing business that they have to spend more money!? They could not be more wrong.
The reason that many people think that green costs more is because they are not educated on how to be a Tree-Hugging Capitalist.? A Tree-Hugging Capitalist does good and makes more money while doing so.? You see, we would not be investing in Green Real Estate if it cost us more money to do ? that would not make business sense to us!
Here?s a quick example of how Green Real Estate Investing can actually make/save you more money:
- So you just purchased a REO property from the bank for $50,000.? The rehab that needs to be completed is going to cost you $25,000 (traditional rehab) and perhaps $27,000 for a complete green rehab.? Although the green rehab typically costs $1,000 to $2,000 more than a traditional rehab, the money savings/increased sales price completely recovers this money very quickly.? So you are into your green rehab project for $77,000.? The ARV is at $120,000.? However, since you just completed a green rehab and you are now saving over $100/month in energy bills, you actually just forced appreciation on your green home!? Even if your appraiser was very conservative and only gave you a 5% increase in home value, you are now looking at an ARV of $126,000.? That?s an increase of at least $6,000 in your profits which instantly covers your green rehab costs 2-3 times over.? This type of increased profits from your green home can also take place if you are buying and holding a green investment property.? You can typically charge a 10% increase in rents which allows you to increase your profits on the buy and hold strategy as well.
Here?s the biggest thing to understand ? As a Green Real Estate Investor, you are doing things to the home that need to fixed and updated anyways.? You are basically just substituting in green/eco-friendly products that allow you to achieve a high performance/detoxified green home.? Remember too, many of these green products and materials qualify for cash rebates and tax incentives too which means your ROI will be going up that much more.
If you are interested in seeing a case study on our latest Green Rehab Project and how we made more money by going Green, email: Ryan@InTheNowInvestments.com and request a 30 minute strategy call regarding how YOU can start making more money through Green Real Estate Investing today!
So what are YOU waiting for?? Take action and join the Green Rehabbing movement ? be prepared to take your business and life to a whole new level!
Leave your comments and questions?.what you are currently working on?? I know you have some good ideas?let?s start putting them into action NOW!!
***As always, feel free to share/retweet and comment on any articles your find somewhat educational and helpful?
PS: In The Now Investments has assisted over 75 investors with their greenhab projects in the past year alone.? If you would like more info on how to ?greenhab? your own projects and save even more $$ on your green rehab, contact Ryan Burk (CEO) at Ryan@InTheNowInvestments.com
Source: http://greenhabbing101.com/the-biggest-misconception-about-investing-in-green-real-estate/
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