Beverly-Hanks Real Estate Blog

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Real Estate Investing

What Should You Know?

MSN Money.com’s powerful chart demonstrates what a fantastic return investment real estate has been from January 2000 through November 2011.

What is investment real estate?

According to Investopedia.com, it is “real estate that generates income or is otherwise intended for investment purposes rather than as a primary residence.”

If you’ve been wondering how to begin investing in rental property but just don’t know what you don’t know, a free seminar is being offered at the

Beverly-Hanks Hendersonville office.

Making the Most of Your Money: The ABC’s of Investing in Rental Property

Thursday, February 9 from 5:30 - 7:00 pm.

A local CPA, attorney, property manager, mortgage broker, residential and commercial real estate agent will provide timely information and answers to your questions.

There is no charge and registration is required, so register soon! Space is limited to 30 participants. You may register online here or by calling Lynn Huffman at (828) 243-2010.

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Turning Foreclosures into Rentals

Calling all investors! The federal government may begin selling Fannie Mae and Freddie Mac homes to investors in bulk later this year. Then those properties would become rentals.

A recent article from CNNMoney described this initiative between several federal agencies. In addition to getting the properties off the federal government’s books, the hope is that it would economically stabilize those neighborhoods with high foreclosure rates.

There are no details yet on how this would work, but stay alert; this could be a great opportunity for acquiring investment real estate.

Read the full article “Turning Foreclosures into Rentals.”

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Being a Landlord, Not as Hard as You Think…

Great Time For Real Estate Investing

You’ve probably heard or read that now is a great time to invest in real estate. Prices are down (!), interest rates are low (!), but you hesitate. It sounds too good to be true and you’ve been burned before. Remember the dot-com bubble? Yet, your interest is piqued because your savings and investments are basically flat-lining, if you’re lucky. Is there really a way to leverage your long-term savings dollars into a steady cash flow that will pay for your child or grandchild’s college? Or, provide enough retirement income to travel and live the way you want to?

Purchasing and owning residential rental property can be an excellent investment right now, but it’s very important that you understand many factors before jumping in and buying what you think is a “deal”.

Questions will consider about real estate investing:

How will owning rental property affect your taxes?
Is the rental property in a desirable location and is it in good condition?
Is it a good value?
How much rent can you expect for a particular property?
How much will it cost to let a property manager take care of finding stable renters, collecting rent and taking repair calls?
Do you need special insurance on rental property?
What are the legal issues for landlords?
How hard is it to get a mortgage for rental property?

Making the Most of Your Money: The ABC’s of Investing in Rental Property will be presented Monday, November 14 from 5:30 - 7:00 pm at the Beverly-Hanks Hendersonville office. A local CPA, attorney, property manager, insurance agent, mortgage broker and real estate agent will provide timely information and answers to your questions. There is no charge and registration is required, so register soon! Space is limited to 30 participants. You may register online here or by calling (828) 243-2010.

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Lynn Huffman introduces Wickwire

Lynn Huffman introduces us to WICKWIRE fine art/folk art gallery on Main Street in Hendersonville. She interviews Shirley Palmer-Hill, the owner of Wickwire Art Gallery.

I am sure everyone that visits Hendersonville would agree that its Main Street is one of the most charming in the region. WICKWIRE is an excellent example of the galleries and shops that can be found along its length. Lynn is an excellent resource for learning more about the shopping in Hendersonville and the surrounding area.

Lynn’s video is very timely with American Craft Week coming up October 7-16th. To learn more about Henderson County and other areas in Wester North Carolina be sure to visit Beverly-hanks.com.

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DuPont named one of nation’s top 5 state parks by Outside Magazine

By Jessica Goodman
Times-News Staff Writer

Outside Magazine has named DuPont State Recreational Forest one of the five best state parks in the country, citing “80 miles of world-class mountain biking trails, including several miles of superb granite slab riding.”

The New Mexico-based magazine ran an article in June announcing the top picks. The article also mentioned the great concentration of falls in DuPont from Triple Falls and Hooker Falls to Bridal Veil Falls.

“The parks were chosen for their uniqueness, and world-class recreational opportunities,” Outside writer Greg Melville said in an email Thursday. “There’s really nowhere else like it in the country.”

Lynn Huffman, a Broker Associate with Beverly-Hanks & Associates, explains that Dupont State Forest straddles Henderson and Transylvania counties and is only 15 miles from downtown Hendersonville. A beautiful, unspoiled, family-friendly amenity in Hendersonville’s backyard.

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Living The Western North Carolina Lifestyle

Hendersonville agent Lynn Huffman provides a wonderful look into one of Flat Rock’s best destination eating spots, Hubba Hubba Smokehouse, just in time for the weekend. If you would like to learn more about what is is like to live in the Hendersonville and Flat Rock areas don’t hesitate to check in with Lynn.

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2011 Hendersonville Luxury Home Tour presented by Beverly-Hanks

The 2011 Hendersonville Luxury Home Tour will be held Saturday, June 25 from 10 am - 4 pm.

The tour will be a showcase of five private luxury residences in the Hendersonville, NC area. Each residence is a unique architectural masterpiece and four have been beautifully decorated and carefully staged to reflect the owners’ tastes and varying interests. One home is new construction. The self-guided tour is also an opportunity to enjoy a relaxing day in the mountains. Tickets are free and may be requested via hendersonvilleluxuryhometour.com or (828) 290-9176.

For more information about the Hendersonville Luxury Home Tour or the Hendersonville real estate market, please contact Lynn Huffman at beverly-hanks.com.