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THURSDAY, JUNE 12, 2014
SEE OPEN HOUSES BELOW
Real estate investing for beginners On the heels of a recession that saw home values drop, many would-be investors have shied away from buying investment properties. But real estate has historically remained a sound investment, boasting a long-term appreciation rate that makes it a worthwhile investment for those who can withstand temporary setbacks in housing prices and hold on to their properties over the long haul. But investors are often nervous as they look for their first properties. Uncertainty about housing prices aside, investing in real estate also is risky, and first-time investors need to be comfortable with such risk in order to make the most of their investments. The following are a few things potential real estate investors should consider as they decide if investing in real estate is right for them.
potential profits down the road. In addition, investors who don’t have the ability and/or the time to address minor issues like a clogged drain or a drafty window on their own will need to hire a property management firm to tend to such needs. Such firms are effective, but also expensive, further cutting into your profits. Even those investors with contracting experience may have little or no knowledge of how the leasing process works, forcing them to rely on a real estate firm to write up leases and ensure all leases stay current. This, too, can cut into an investor’s profits. Investors who don’t bring any relevant expertise to the table can still make a profit from their real estate investments, but those profits likely won’t be as significant when outside companies must be hired to ensure the property is in good shape and all necessary documents are in order and up-to-date.
Time
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Personal ability Real estate investors typically have tenants, and those tenants inevitably have needs. Investors who have experience as contractors may not find it difficult to renovate a property and make it more attractive to tenants, nor are they likely to be inconvenienced when minor issues on the property need to be addressed. Investors with no such experience will need to hire contractors to do the work for them, cutting into
Real estate is often a timeconsuming investment. Tenants pay good money to live in attractive rental properties, and those tenants will have a host of needs that must be met. Investors must be sure they have the time to address their tenants’ concerns, especially investors with no plans to hire property management firms. Potential investors who already have full plates at work and at home may not be able to devote the time necessary to make the most of their real estate investments, and therefore might be better off finding another way to invest their money. Time also must be considered when considering profits. Real estate is not the type of investment that turns a profit overnight. Even investors who are looking to invest in an up-and-coming neighborhood must be prepared to hold onto their properties for at least a few years, if not much longer, to maximize their investments. Though real estate is a sound investment,
it is not a get rich quick type of investment, so investors looking to make a quick buck should consider alternatives before buying investment properties.
Size First-time real estate investors might be wise to choose a smaller property for their initial investment. Larger properties can be overwhelming to manage, and investors often rely on property management firms to tend to these properties. Such firms charge more to manage bigger properties, which can eat into investors’ finances. Veteran investors can handle such overhead costs, but first-timers might find themselves caught off guard upon realizing the gravity of their financial commitment. A good rule of thumb for first-time investors is to stick to smaller properties, only moving on to larger buildings once they are fully comfortable with all that comes with investing in real estate.
Costs The cost of a real estate investment goes beyond the purchase price of the home. In addition to the mortgage on the property, investors must pay the taxes and insurance on the property, as well as any costs associated with maintaining and managing the property. Certain tax breaks are available to real estate investors depending on where they live. For example, in the United States, taxes on the profits when a property is sold may be deferred if those profits are immediately rolled into another property (such a deferment is only available to those investors who arrange this exchange prior to selling the initial property). Potential investors need to consider all of these costs, and might want to hire a real estate lawyer to help them make the most of their investments and any profits they yield. But even hiring an attorney is an additional cost investors must consider before investing. MM13C774
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OPEN HOUSES TODAY THURSDAY, JUNE 12, 2014 • 12:00 - 1:00 PM NEW
NEW
UNDER CONTRACT
4944 N. SPLINTER RD. #18597 - $207,000 3 bedroom 1 bath
JON FARLEY DIRECTIONS: 1 mile West 530-7854 of Taft School on Hwy 30
721 W. 4TH #18594 - $122,900 4 bedroom 2 bath
JODI SCHALL 308-440-0896
NEW
402 N. ELDER #18596 - $127,000 3 bedroom LINDA 2 bath HOSMER 520-2533
NEW
DANIEL FISHER 530-0191
618 W. 5TH #18588 - $137,500 3 bedroom 2 bath
NEW
812 E. 5TH #18607 - $104,900 3 bedroom KAREN 3 bath STEPHENS
1914 W. 2ND #18194 - $115,000 4 bedroom DIANA 2 bath NEWTSON
1808 W. 2ND #18422 - $99,000 4 bedroom JEANI 2 bath RHOADES
539-9974
530-5661
520-6134
BILL HENRY 530-1127
46 S. CARR #18390 - $120,000 3 bedroom 1 bath
Visit our website for complete data sheets on the listings - www.gatewayrealtynp.com
308-532-1810 • 1-800-658-4093 810 South Dewey • North Platte, NE • 8:00 am - 5:30 pm M-F • 9:00 - Noon Sat This information is deemed reliable, but not guaranteed.
MLS ®
EQUAL HOUSING OPPORTUNITY
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THURSDAY, JUNE 12, 2014
Did you know?
Primary mortgage insurance, or PMI, protects lenders in the event that borrowers default on their primary mortage by ceasing to make payments, resulting in homes ending up in foreclosure. But all borrowers do not have to pay PMI. Typically, home buyers must make a 20 percent down payment on a home when they buy it. However, some borrowers are unable to put down 20 percent. In such instances, the lender will require they pay PMI. This is because the lender views a borrower who cannot make an initial 20 percent down payment as a riskier investment, and lenders charge PMI in an effort to protect themselves should the borrower prove worthy of their skepticism. PMI will be factored into the monthly mortgage payment, but borrowers should know they do not have to continue paying PMI once they have paid enough toward the principal amount of the loan. For most, this means once they have paid 20 percent of the principal, then they can ask that the monthly PMI payment be removed. Many borrowers are unaware of this or even forget to ask, but it's within their rights as borrowers and can save a substantial amount of money over the course of the mortgage loan. MM12C753
REAL ESTATE
THE NORTH PLATTE TELEGRAPH
Plan of the Week
Ravenden Craftsman-style windows, porch supports, and decorative gable ends lend their timeless appeal to the Ravenden. This small ranchstyle home offers a combination of openness, economy and contemporary features that both empty nesters and young families will find appealing. Shake-textured shingles fill the triangular gable fronts, while also adding visual appeal to the framed-out bases of the tapered porch supports. Both are Craftsman elements, as is the covered porch. It’s easy to imagine an old-fashioned wooden porch swing hanging from the ceiling on the right end, or a couple of cushioned wicker chairs set out along the front. Family gathering spaces fill the left side; bedrooms and bathrooms are on the right. Muted light filters into the foyer through a sidelight and three slender glass panes near the top of the entry door. The longish foyer leads past the coat closet and into the large open gathering space at the rear, where the living room, dining room and kitchen flow together. Natural light spills into the entire space through two wide window sets. The dining room’s glass doors slide open, offering easy access to a partially covered patio. If the environment is buggy, the patio could be screened in. A raised eating bar bounds a kitchen with counters on three sides and cupboards on two. Standing at the kitchen sink, you can still appreciate the ever-changing seasonal landscape outside. The door across the room opens into a utility room with a link to the Ravenden’s two-car garage. This garage is brighter than most, due to a row of multipaned windows that span its front. Owners’ suite amenities include a roomy walk-in closet, and a two-section bathroom with a double vanity. © Associated Designs, Inc. All Rights Reserved.
REAL ESTATE
THE NORTH PLATTE TELEGRAPH
THURSDAY, JUNE 12, 2014
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Time your move right to save money Buying a new home is the most expensive purchase a person is likely to make in his or her lifetime. It also can be one of the more stressful. The Employee Relocation Council states that moving is the third most stressful event in life, following death and divorce. But a well-timed move can reduce stress and save money. Moving during certain times of the year can result in considerable savings. Moving during the summer, when children are out of school and the weather is nice, can make a move more manageable. Keep in mind that because late spring and summer are the peak moving seasons, they also tend to be more expensive. Many moving companies and truck rental agencies will charge a premium if you use their services during the summer. Furthermore, crews may change in the summer when students on vacation could fill in for regular, more experienced movers. High prices are not only reserved for those who buy a new house during the spring and summer. Renters may find spring and summer is also the peak season for rentals. Many apartment managers can attest that the dates between June 2 and August 30 are quite busy in terms of apartment turnover. College students are more likely to move as soon as the academic year ends, and many landlords plan leases to expire in the summer months to ensure that re-renting places will be easier thanks to a flooded apartment
market. According to Apartment Wiz, a Houston-based apartment locating service, although there might be greater apartment availability during the warm-weather months, it also means greater competition between prospective tenants. That greater competition can drive up prices. But apartments are harder to fill in the fall or at the onset of winter. That’s because many people do not want the hassle of moving once school has started or the weather has chilled. Landlords who are stuck paying utilities and advertising fees for vacant apartments are far more likely to negotiate rent prices, lease terms and even security deposits during the winter in an effort to fill the apartment quickly. People sitting with homes on the market are also more likely to negotiate during cooler months when foot traffic has fizzled out. That can make shopping for a home in the fall advantageous to home buyers.
Pick a Tuesday or a Wednesday to move, and you’re much more likely to find an available moving service (even during peak moving months); you may even be able to negotiate a lower rate. • Pick a mid-month moving date. Many people move at the beginning of the month when leases are up or after mortgage payments are made. Fewer people move in the middle of the month, so you might find more affordable moving deals if you can wait a few extra weeks. • Schedule a fall or winter move. The American Moving and Storage Association says half of all moves occur during one-third of the year -- between the beginning of May and Labor Day. Beat the rush by moving outside of these dates. • Get an early start. Many people underestimate the amount of time it takes to actually move their belongings. Try to schedule
Here are some other tips to reduce stress and save money when moving into a new home or apartment. • Move midweek. Weekends are a prime time for truck rentals and moving companies.
Land, Acreages, Lots & Auctions
Selling your property or land? Having an Auction?? If you would like to advertise your listing in this section, please contact The North Platte Telegraph at 308-532-6000
COURTESY PHOTO
a moving company to come very early in the morning to give you ample time to pack up the truck and unpack at your new home. TF135165
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THURSDAY, JUNE 12, 2014
REAL ESTATE TRANSFERS
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REAL ESTATE
THE NORTH PLATTE TELEGRAPH
CLASSIFIEDS
THE NORTH PLATTE TELEGRAPH
The list below is the transfer of ownership that has occurred throughout the previous week. The Register of Deeds Office records every transfer of ownership and collects state revenue tax stamps at $2.25 per $1000 of value stated on the 521 or Real Estate Transfer Statement. Listed by date of deed, grantor, grantee, stamp tax, and legal description. To calculate the value of the transaction, divide the Stamp Tax by .00225. 5/16/2014 Cook, Melvin D & Vera Joyce Collins, Dalten A 141.50 Robinson's Add., Lt 2 Blk 1
5/19/2014 Hinrichsen, Keith A & Cathy Cain, Katherine J 675.00 Hinrichsen Adminstrative Sub., Lt 1
5/16/2014 Garrison, Gary D & Carol J BE Properties, LLC 56.25 North Platte Original Town, S 55' of Lt 4 Blk 159
5/19/2014 Lowe, Judy A & Steiger, John W, Steiger, John & Judy Lowe A Steinbeck, Jeffrey L & Kristal 49.50 Suburban Canal Property Map, W 140' of Lt 3 Blk B; Vath Sub., Lt 5
5/16/2014 Harger, Shane W & Amanda M Chapman, Kathryn A 168.75 Cody's 2nd Add., Lt 12 Blk 7 5/16/2014 Winters, Bruce E & Patrice Feeney, Andrew & Courtney 256.50 Trustee's Add., Lt 5 Blk 6 5/19/2014 Ballentine, Todd R & Tracy M Miller, Gary A 69.75 05, T-12-N, R-29-W 5/19/2014 Cain, David J & Katherine J Western Nebraska Bank 697.50 Shafer Replat, Lt 1
5/19/2014 Neese, Trevor Jacob & Crystal Smith, Christopher H & Barbara 445.50 Reinhardt's Sub., Lt 11 5/19/2014 Parsons, Lonnie & Kelly A Lake, Ladd D & Kristin S 1,192.50 Prairie View Acres 2nd Sub., Lt 4 Blk 6 5/20/2014 Berg, Robert Eugene & Lori M Crow, Jerry L, Et Al, Crow, Thomas G & Kristin 63.00 Cody Add., S 61.5' of Lt 1 Blk 13
5/20/2014 Burke, Brad & Sandra June Johnson, Rockne L & Lynne E 31.50 Brady Island, Original Town, W 75' of Lts 7-12, Blk 19 5/20/2014 Cornelius, Chancey, Et AL, Dunbar, Vickie L Hill, Stephen K & Barbara J 67.50 North Platte Town Lt Company's Add., Lt 14 Blk 2 5/20/2014 Troyer, Yvette A Sandman, Kara A, Et Al, Wallace, Scott M 236.25 Westfield Add., Lt 3 Blk 2 5/21/2014 Dobesh Properties, LLC Rhoden, John W 276.50 Kegel's Sub., Lt 1 5/21/2014 First National Bank Hughes, Thelma L 96.75 04, T-14-N, R-30-W (2 Tracts)
5/22/2014 Odell, Joseph A G & G Estates, LLC 128.25 South Park Add., Lt 3 Blk 9
5/23/2014 Wiseman, Thomas R & Catherine Pederson, Matthew D 247.50 High School Sub., Lt 4 Blk 1
5/22/2014 Panek, Shelia M Williams, Travis J & Lynnsey L 121.50 Lilley's Sub., Lt 11 Blk 1
5/27/2014 Felker, Aaron Wiseman, Thomas R & Catherine 420.75 Southfield 2nd Add., Lt 5 Blk 5
5/23/2014 Amweg, Joan N Vonderlage, Kyle 112.50 Swanson’s Add., Lt 7 Blk 1
5/27/2014 Seevers, Kevin L Boyle, James C & Christi M 220.50 20, T-15-N, R-29-W
5/23/2014 Hyland, Lester A & Ruth A Portner, Tamra L 153.00 Selby’s Sub., E 56.24’ of Lts 3 & 4, Blk 1
5/28/2014 Allgood, Billy D & Cynthia A Streeter, Michael 168.75 County Clerk’s Sub., Lt 7 Clarkson’s Sub., Lt 1
5/23/2014 Leisey, Albert F Cornwell, Scott W 135.00 North Platte Town Lt Company’s Add., S 60’ of Lt 7 & S 60’ of W 1/2 of Lt 8 Blk 25
5/28/2014 Cisar, Shelley Christensen, Colleen A 177.75 Cody’s 2nd Add., Lt 5 Blk 7 5/28/2014 Dowse, Gerald Bruce & Brenda K Werkmeister, Donita J 450.00 Lakeview Estates 3rd Sub., Lt 2 Blk 2
308-532-6000
4 Rental
Housing
EQUAL HOUSING OPPORTUNITY
404 Apartments Unfurnished
404 Apartments Unfurnished ALLURA GARDENS
SOUTH PLATTE TERRACE APTS. 700 E. Philip 308-532-1853 Right place-Right price *Spacious 1-2 &3 Bdrm Apartments *Eat-in kitchens *Laundry machines in each building *2 Playgrounds *Basketball Courts *Outdoor Pool *Fitness Center *Garages available *No pets *On Site Manager *On Site Maintenance
1612 EAST D 308-534-4500
Spacious 1 or 2 bedroom apartments. MOVE IN SPECIALS AVAILABLE! No Pets! Onsite Manager
Prairie View Townhouses 1101 South Tabor Street North Platte, 2 & 3 Bdrm Units No Pets
www.southplatte terrace.com
Equal Housing Opportunity
MOVE IN SPECIAL PRICES Platteview Apartments 302 West Leota, North Platte, NE. Taking applications for remodeled 1 bedroom units for qualified seniors or handicapped/ disabled. Utilities paid, pets allowed. Call 308-534- 9760. Equal Housing Opportunity.
Find a new home in the Classifieds www.nptelegraph.com
2 Bdrm $531-$565 3 Bdrm $607-$659 4 Bdrm $721 TABOR RANCH APARTMENTS 1102 South Tabor (308) 534-5032
West Park Apartments
2 & 3 Bdrm apartments available Call 308-379-1384 for details
Find your new home in the Classifieds
404 Apartments Unfurnished
407 Duplexes
419 Mobile Homes
554 Houses For
For Rent Sale Beautiful Large, 2 Bdrm2 bath, hard wood floors, 2814 West 1st Street 3 Bdrm Mobile Homes Great Location, Clean 1 lots of character, appliReady to move into! immediate move in. Pets bdrm, Pets OK! Availa- a n c e s i n c l u d e d , o f f 3 Bdrm, 2 ba, 1,380 sq ft, OK! 308-520-4414 b l e n o w ! W o n ’ t l a s t ! street parking. $675/ attached garage, 2 car month + Deposit. No Call now: 308-520-4414 detached heated garage, Pets. 308-534-3546 O v e r 6 5 y e a r s i n t h e new and updated thru Taborwood housing business, let us ut, new roof, new 410 House For Rent do your housing project owoods Townhomes floors, fresh paint, 55+ with income with Bonnavilla, Chamupdated bathrooms & tile 3 Bdrm, garage, CA, aprestrictions p i o n a n d M a g n o l i a floor. $139,900. Contact pliances, . $800/ mo + 2BR 1bath Betty 308-539-6556 or Dep/$800. No Pets 2614 Homes, Stahla Homes apartments 406 E. Chestnut, Sterl- Adam 402-706-8569. West 4th. 308-520-5535 $495 + utilities ing, CO or W. Hwy, 30, REDUCED PRICE Call Amy at 3 Bdrm, 1 bath, Abso- Kimball NE or 1520 E. (308) 532-1332 l u t e l y N O p e t , $ 5 7 5 / Overland, Scottsbluff. Beautiful 4 Bdrm, 3.5 month + $400 deposit. 970-522-6803, 308-235- bath, with enclosed sun room, new addition famready 7-1-14. 1021 East 2750 or 308-632-3422 ily room, fireplace, for407 Duplexes 8th. (308) 530 -5304 mal dining and living 428 Townhouses & room, attached outdoor 2 bdrm. Available NOW! 4 Bdrm, 2 ba, family deck & covered patios, Condos Good location. Contact room, pleseant Neighattached 2 car garage & borhood, $800/mo, $400 308- 520-4414 large storage shed. In deposit- 2201 North Cedarwood Condos optimal southwest neigh Sheridan. 1 Bdrm Moconveniently and quietly 314 West Philip, #1 borhood, North Platte. bile home, storage buildlocated next to shopping 4-plex 2 Bdrm, 1 bath NE, must see to appreciing, water and sewer and medical. 302 Hahn apartment, approxiate, Photos at Zillow provided $375/mo $200 Avenue - 3 bedroom, mately 520 sq. ft., stove .com 308-520-3545 deposit 1421 1/2 North 2 car garage condo unit, & refrigerator, $550/mo Sheridan. (308)539-7845 1½ bath, 1,371 sq. ft., + deposit, references appliances, $1,095/ required, no pets. 413 Miscellaneous month + deposit. 308-660-5798 References required, Big Red Storage Several no pets. 660-5798 1319 East 5th, Very Nice units available. Best 2 Bdrm- appliances & prices in North Platte, dishwasher. NO Pets. Call North Platte, 308- 551 Acreages & 532-7170 1421 East 4th. 308-520-1356 Lots Garage for car or storage. Commercial 41’ x14.5’ walk in and 2 adjoining paved corner Investment overhead door, located lots, with 2 car garage, Services 1 8 0 5 1 / 2 W e s t 9 t h . and a basement. Corner 212 No. Dewey $150/month. (308) 539- o f 1 2 t h a n d P o p l a r . $32,500. 308-539-7846 308-532-1332 7845 or 308-539-7845. 1, 2, 3 Bedroom For Sale by Owner: Rentals Available 419 Mobile Homes Ogallala NE 45 minutes For a complete resiBeautiful acreage with For Rent from North Platte and dential rental list large, lovely home, shop, only 10 Minutes to please visit www.cis 1 Used 16x80, Bedroom, barn, bunk house, pens Lake McConaughy northplatte.com 2 Bath, In Kimball, NE and pastures. 25 acres 1300 Sioux Ridge Dr and 1 used Double Wide with White Horse Creek Built new 2007, 2,139 sq COUNTRY LIVING 3658 left, Stahla Homes, running through. Fantasft, 4 bdrm, 2.5 baths, North Cattail Road 1 W Hwy. 30, Kimball, NE t i c h o r s e p r o p e r t y. new patio deck. Bdrm, 1 bath, No Smok308-235-2750, 460 E. $369,000. Call Duane $330,000 or best offer. ing, No Pets! $525/mo + Chestnut, Sterling, CO McClain, 308-530-0221, call 308-520-7001 Dep. (308) 532-0575 970-522-6803 LashleyLand.com
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554 Houses For Sale New home under construction, quiet Cul-de -sac in Sutherland, NE 900 Darlin Court, 5 Bdrm, 3 ba, finished basement, open floor plan, large lot. 308-386 -8345
555 Manufactured Homes Closeout specials, New 4 Bedroom for less that $70.00 per sq. ft. Stahla Home, and 3 Bedroom home for $50.99 per sq. ft., Stahla Homes, 460 E. Chest nut, Sterling Co, 970-522-6803, or W. Hwy. 30, Kimball, NE 308-235-2750, or 1520 E. Overland, Scottsbluff, 308-632-3422.
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555 Manufactured Homes New Homes beginning at $39999.00 Stahla Homes, 460 E. Chestnut, Sterling, CO, 970-522-6803 or 308-235-2750, Kimball, NE
560 Mobile Homes For Sale
3 Bdrm 2 ba, in Red Cedars Park $31,500 Swanson Homes 4400 Rodeo Road North Platte, NE 308-5324707 or 308-532-6366 Spec Homes, Lake Mac. 16x80, All Setup, Ready to go. Stahla Homes. Call Dar. 308-235-5375
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NEW ROOF!
2620 West 4th Street
3 Bdrm, 1 Bath 1000 square ft., Single car garage and storage shed, large backyard. $79,900. 308-520-3294