Junior investors needed

Looking for investors to come in on a few deal with my team. No hard money lenders. Must have at least 15k to put in. 215-868-6379

Philly real estate investors and agents Joseph McCabe and Joseph Cummons aquire 1 million dollars worth of real estate in 3 days!!

After much research and  planning McCabe & Cummons LLC is up and running and destroying the competition. We are looking for junior investors to join our team but only if you can handle not ever sleeping and making a fortune! Looking to buy sell of invest? Call the Philadelphia real estate experts. -McCabe and Cummons growing strong

Joseph McCabe Realtor, Philadelphia Explores the rental crisis

Philadelphia real estate ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.

Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life.
The typical first-timer now rents for six years before buying, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33 - in the upper range of the millennial generation, which roughly spans ages 18 to 34. A generation ago, the median first-timer was about three years younger.
The delay reflects a trend that cuts to the heart of the financial challenges facing millennials: Renters are struggling to save for down payments as wages have largely stagnated. Increasingly, too, they're facing delays in some key landmarks of adulthood, from marriage and children to a stable career, according to industry and government reports.

These shifts help explain why homeownership, long a source of middle class identity and economic opportunity, has started to decline. The share of the U.S. population who own homes has slid to 63.4 percent, a 48-year low, according to the Census Bureau.

And when young adults do sign the deed, their purchase price is now substantially more, relative to their income, than it was decades ago. First-time buyers are paying a median price of $140,238, nearly 2.6 times their income. In the early 1970s, the starter home was just 1.7 times income.

Millennials are "still very interested in buying a house, but they're delaying that decision," said Svenja Gudell, chief economist at Zillow. "Once they start having kids, they begin looking for homes. We're also finding that - given how much rental rates are currently rising - a lot of folks are having a hard time saving for a down payment and qualifying for a mortgage."

Low mortgage rates have eased some of the pressures caused by the higher prices. But in many of the hottest job markets, the gap between home prices and median income is prohibitively high.

Around the Silicon Valley tech corridor in California, the median home price exceeds eight times the typical income. That disparity is nearly six times in metro New York City, almost five times in Boston and Seattle and above four times income in Miami and Denver.

Millennials increasingly find themselves in a situation like that of Lou Flores, a 30-year-old property portfolio manager in San Diego. He shares a one-bedroom apartment with his boyfriend, paying $1,400 a month to live within walking distance of Balboa Park and the zoo.

Flores' parents had built their nest egg by steadily upgrading their homes, ingraining him with the notion that "renting was a waste of money." But the median home in San Diego costs more than a half million dollars, according to the area's association of Realtors.

So Flores figures ownership is at least a few years away.

"Here in California, if you're not married or with someone, it's impossible to buy a home without financial backing from your parents," Flores said.

Few first-timers around the country can lean on their parents. Among homebuyers last year under age 34, 14 percent received down payment help from family or friends, according to a Federal Reserve survey.

Most first-timers still depend on personal savings for at least some of their down payments. But rising rental prices have complicated the task of socking away money for a down payment. Fueled by a surge of renters across all age ranges, rental prices nationally have grown at roughly twice the pace of average hourly wage growth, which was a paltry 2.1 percent over the past year.

A result is that those prices are consuming more income. A striking 46 percent of renters ages 25 to 34 - the core of the millennial population - spend more than 30 percent of their incomes on rent, up from 40 percent a decade earlier, according to a report by Harvard University's Joint Center of Housing Studies. (The housing industry generally regards a figure above 30 percent as financially burdensome.)

Some of the cost burden stems from a shift toward people who envision themselves renting for several years and therefore seeking the kinds of amenities more commonly associated with home ownership. Based on searches for rentals on RadPad in June and July, for example, apartments with stainless steel appliances and swimming pools were disproportionately popular in cities with lower homeownership rates such as Los Angeles, Chicago and Washington.

Nearly a fifth of Washington-area searches sought apartments with stainless steel appliances, compared with 5 percent nationwide. More than a third of Chicagoans wanted an apartment with a pool, versus 18 percent nationally.

Job security has become a more central consideration for first-time buyers. The Money Source, a mortgage lender and servicer, examined applications from 5,404 millennial homebuyers. It found that the buyers had averaged nearly 4.5 years in their field of work and had held their current job for slightly more than three years. Those figures point to how critical career stability has become for a generation that entered the workforce during the Great Recession and its slow-growth recovery.

Housing industry experts note that surveys still show a strong desire to buy among millennials, but that their timelines for purchasing depend on achieving more stability in their careers.

"As long as there is the job market to support millennials - just as it has for previous generations - I don't believe their habits will change," said Darius Mirshahzadeh, CEO of The Money Source.

Read more at http://www.philly.com/philly/business/real_estate/20150817_ap_3aeab8fd8a4b4bcc82195708242e0bb4.html#6ErjYTBgDCKiyySd.99

Fascinating Philly real estate stats

As of May 2015, average apartment rent within 10 miles of Philadelphia, PA is $1443. 

One bedroom apartments in Philadelphia rent for $1197 a month on average and two bedroom apartment rents average $1483. 

The average apartment rent over the prior 6 months in Philadelphia has increased by $155 (12%)

One bedroom units have increased by $146 (13.9%) and two bedroom apartments have increased by $159 (12%)

Investments in Philly ! We're out checking out new inventory what do you look for?

When working on acquisition of properties what is your criteria and what do you look for in a hold or a flip sometimes it's better to not be too specific no investment is truly a risk by definition! 

Budgeting to Buy a Home with Joseph McCabe

Budgeting to Buy a House

No matter how good the credit rating, today's homebuyer no longer has the luxury of buying with little or zero down. Unless you are low-income with good credit, or a veteran, no-down loans are also a thing of the past.

Most lenders today want at least 20 percent of the loan amount as a down payment on a house. For a home priced between $168,300 and $287,500, a homebuyer would need to come up with between $33,660 and $57,500 just for a down payment. Then, there are closing costs to consider. These vary by state, but figure you'll pay over $2,000 on a $200,000 loan.

Saving up this money takes time and careful planning. The best way to start is by coming up with a budget that is realistic enough for you to stick with and by using other tips to help you get ahead financially.

The Budget

The only thing more challenging than setting up the budget is sticking with it over the long run. Using personal finance software will help you set it up, but only self-discipline and the desire for a new house will motivate you to stick with it.

First, you need to determine your total income from all sources. The second step is to list all the money that goes out every month, beginning with your fixed expenses. These include anything that has a fixed payment due every month, including:

Rent or mortgage (if you have a fixed rate).

Car payment.

Insurance.

Child support and alimony.

Installment loan payments.

Next, list your variable expenses. These may be a little more difficult to track, so you may want to document them over the course of a week or two on a chart such as the spreadsheet offered for free by a Canadian credit counseling service. Common variable expenses include:

Utilities.

Telephone.

Cable or satellite TV.

Anything you purchase on a daily basis (morning coffee, etc.).

Amy Fontinelle, writing at Investopedia, suggests that you track and update your budget daily so that nothing falls through the cracks.

Make Changes

Once you've used the budget for a month or two you'll be able to see where your money goes every week. This snapshot shows you where it's being wasted and, thus, where to make cuts. Any items cut from the budget mean more money to set aside for your house.

Some of these cutbacks might include bringing a lunch from home rather than hitting the café every day, riding your bike to work instead of driving or taking a cab, and using coupons to save money.

Make More Money

Cutting your budget expenditures and paying down debt aren't the only ways to move more quickly down the road toward homeownership. Finding ways to bring in more money gives your plan a turbo boost.

If you can take on overtime hours at work, do it. Consider holding a garage sale or selling unused items online. Sock away that extra cash for your down payment.

Savings

If you're like a lot of us, you may be tempted to use the money you're saving for something else that comes along. To avoid the temptation, put it in an online savings account that makes it difficult to withdraw. If you have to wait a few days for the money, you may think twice about withdrawing it.

As you build your savings, avoid the urge to add to your debt. There will be plenty of time after you buy the house to buy furniture, a car or whatever else you might be thinking of purchasing. Keep that house you want top-of-mind to motivate yourself to stay out of debt and continue saving.

VA Loans Philadelphia Apply here with Joseph McCabe

Eligible for a Veterans Affairs Loan? ZERO DOWN

Call Now 

2158686379

Let define Eligibility

You must have suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy. The eligibility requirements to obtain a COE are listed below for Servicemembers and Veterans, spouses, and other eligible beneficiaries.

VA home loans can be used to:

• Buy a home, a condominium unit in a VA-approved project
• Build a home
• Simultaneously purchase and improve a home
• Improve a home by installing energy-related features or making energy efficient improvements
• Buy a manufactured home and/or lot.

Eligibility Requirements for VA Home Loans Servicemembers and Veterans

To obtain a COE, you must have been discharged under conditions other than dishonorable and meet the service requirements below:

 
Status Qualifying Wartime & Peacetime Periods Qualifying Active Duty Dates Minimum Active Duty Service Requirement

• Veteran WWII 9/16/1940 - 7/25/1947 90 total days
• Post-WWII 7/26/1947 - 6/26/1950 181 continuous days
• Korean War 6/27/1950 - 1/31/1955 90 total days
• Post-Korean War 2/1/1955 - 8/4/1964 181 continuous days
• Vietnam War 8/5/1964 - 5/7/1975 *For Veterans who served in the Republic of Vietnam, the beginning date is 2/28/1961 90 total days
• Post-Vietnam War 5/8/1975 - 9/7/1980 *The ending date for officers is 10/16/1981 181 continuous days
• 24-month rule 9/8/1980 - 8/1/1990 *The beginning date for officers is 10/17/198124 continuous months, OR
• The full period (at least 181 days) for which you were called or ordered to active duty
• Gulf War 8/2/1990 - Present 24 continuous months, ORThe full period (at least 90 days) for which you were called or ordered to active duty
• Currently On Active Duty Any Any 90 continuous days
• National Guard & Reserve Member Gulf War 8/2/1990 - Present 90 days of active service
• Six years of service in the Selected Reserve or National Guard, AND 
• Were discharged honorably, OR Were placed on the retired list, OR Were transferred to the Standby Reserve or an element of the Ready Reserve other than the Selected Reserve after service characterized as honorable, OR
• Continue to serve in the Selected Reserve

*If you do not meet the minimum service requirements, you may still be eligible if you were discharged due to (1) hardship, (2) the convenience of the government, (3) reduction-in-force, (4) certain medical conditions, or (5) a service-connected disability.

Spouses

The spouse of a Veteran can also apply for home loan eligibility under one of the following conditions:

Unremarried spouse of a Veteran who died while in service or from a service connected disability, or
Spouse of a Servicemember missing in action or a prisoner of war
Surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003
(Note: a surviving spouse who remarried before December 16, 2003, and on or after attaining age 57, must have applied no later than December 15, 2004, to establish home loan eligibility. VA must deny applications from surviving spouses who remarried before December 6, 2003 that are received after December 15, 2004.)
Surviving Spouses of certain totally disabled veterans whose disability may not have been the cause of death 

Other Eligible Beneficiaries

You may also apply for eligibility if you fall into one of the following categories:

Certain U.S. citizens who served in the armed forces of a government allied with the United States in World War II
Individuals with service as members in certain organizations, such as Public Health Service officers, cadets at the United States Military, Air Force, or Coast Guard Academy, midshipmen at the United States Naval Academy, officers of National Oceanic & Atmospheric Administration, merchant seaman with World War II service, and others

Restoration of Entitlement

Veterans can have previously-used entitlement "restored" to purchase another home with a VA loan if:

The property purchased with the prior VA loan has been sold and the loan paid in full, or
A qualified Veteran-transferee (buyer) agrees to assume the VA loan and substitute his or her entitlement for the same amount of entitlement originally used by the Veteran seller. The entitlement may also be restored one time only if the Veteran has repaid the prior VA loan in full, but has not disposed of the property purchased with the prior VA loan. Remaining entitlement and restoration of entitlement can be requested through the VA Eligibility Center by completing VA Form 26-1880( Find it on this Page).

 

More Information and VA links

Joseph C. McCabe, REALTOR 

Keller Williams Real Estate
Preferred Cell(call or text): 215-868-6379
Office(215)757-6100x186
Joseph.mccabe92@gmail.com
584 Middletown Blvd A-50
Langhorne Pa, 19047
License number PA, RS327442 
NAR 716512852

Get a Free Comparative Market analysis Philadelphia Bucks and Montgomery county

When you are ready to sell your home you can choose to do so on your own or with the assistance of a Realtor. When you choose to work with a Realtor, you get direct help and input in selling your home. Real estate agents are here to help you understand the process and ensure you get the best deal for your home. There are many tools that we have access to that are designed to give our clients the extra edge when it comes to listing a home on the market. One of these tools is a Comparative Market Analysis report, commonly known as a CMA. This report pulls data specific to your home and neighborhood and compares it to other houses that have been sold recently, or are listed in your area. This is great way to gauge what the list price should be for your home based on sales figures and current market trends.

While a CMA will provide you with a snapshot of what other homes are selling for nearby, the reports are also subjective as any agent putting these reports together will designate what data is used for them. There are certain criteria that will make a CMA more accurate and meaningful for what you are trying to do, sell your home. If you are searching for a new Realtor, this could be a good starting point to determine if an agent has your best interests in mind. If they understand what pertinent data will actually help you, together you can come up with a list price that will encourage more potential buyers to view your home. A detailed CMA report should include a comparison of offer pattern (what is the average number of offers given, and for how much, to homes similar to yours), property condition inside and out, the same number of bedrooms, bathrooms, and levels, as well as similar in size as your home. The location or street should also be similar. If you live on a quiet street getting a CMA of homes from busier locations won’t be as accurate. Your CMA should also cover homes within your neighborhood, not your zip code, which have different boarders. Using your neighborhood as a criteria will help get more specific in the comparison.

A good CMA will help you avoid pricing too low or high. You will get a price range based on the analysis so that you have the final say of what you want to list your home for. Beware that some agents seek to get as high a list price as possible. This is not always a good thing, especially if a CMA shows a trend for a lower amount than what is suggested. Pricing too high can keep potential buyers away if the price is too far from what the neighborhood and home style is currently trending in the market. Pricing too low can have negative impacts as well, it could make potential buyers feel you are desperate and that will make them wonder what is wrong with the house. Listing within the midrange of what a detailed and well thought out CMA provides can give you the extra edge to gain more viewings and offers.

Along with asking for a CMA from prospective Realtors, check out their sale portfolio, where you can see what they have sold, the differences between list and sale prices and how long it takes houses to sell on average. Don’t assume a big corporation will be the best place for you to find the best or most successful agent. Many of the top Realtors in their markets actually go out on their own so they can establish their own best practices. Focus on an agent’s track record and what they provide you in a CMA, which is typically provided free of charge. An agent who provides you with useable, accurate data through a detailed CMA will help you toward a home sale you can be happy with. When you are ready to buy or sell a home, Joseph McCabe at Keller Williams is here to help you with all of your real estate needs! If you are unsure what your options are, call Joe at 215-868-6379 or email at joseph.mccabe92@kw.com. You can also visit us at our website for available listings and additional information.

Decorating cheaply in Philadelphia, Sell your home fast

Decorating on a Budget

Get your home ready to sell or make it feel fresher to live in cheaply. 

Joseph McCabe 215-868-6379 Philadelphia Realtor

DIY SAWHORSE TABLE

We’ve mentioned something like this on our blog on fun ideas for outdoor summer parties and whether you’ll be hosting simple gatherings or full-on parties in your yard, this is one DIY that is sure to bring your level of savviness to out of this world proportions!

HANG UP A VINTAGE SIGN

Much like how artwork anchors a room, a huge vintage sign can bring focus to your outdoor room. This may not come cheap, since vintage signs are quite pricey even at the flea market but hey, if you’re looking to make a statement, this is the way to go.

DECORATE WITH A USED OUTDOOR FIREPLACE

Whether you use old metal fireplaces or use a big planter or fire bowl, nighttime hanging out at your yard will not be the same ever again when you make use of this patio decorating tip. What’s will make this better? If you can actually use the outdoor fireplace to cook up some campfire treats!

BRING OUT A COLOURFUL RUG

Have imperfect pavers, cracked brick, or just want to give your patio a new lease on life? Use colourful rugs! Not only will they cover imperfections, they would also make your patio feel like an extension of your home, sort of like having an outdoor living room.

OUTDOOR CURTAINS ANYONE?

Curtains are not just for the inside of your home; in fact, you can definitely transform an outdoor space into another room by simply hanging curtains for shade and privacy. Use waterproof materials for a no-fuss low-maintenance addition to your patio.

CREATE SALVAGED PALLETS FURNITURE

Outdoor furniture can get very pricey but you can have creative daybeds and seating for cheap with the use of wooden pallets! Get them from local stores or craigslist and see tutorials at pinterest. Simply add in cushions and you’re good!

TRY A TREE STUMPS TABLE

Got some tree stumps or logs? Cut them to the same height to make a sturdy base for a table. Add a table top of your choice and you’ve got a unique piece showcasing your creativity. You can make the table as high or as low as you want or even add poufs as seating for a relaxed outdoor dining area. It’s a great recycling project too!

MESMERIZE WITH CAFÉ LIGHTS

A few strands of café lights is one of the easiest (and cheapest) ways to spruce up your outdoor lighting. These days, they also come in the solar variety too! Read More here

10016 WestBourne Place Near Airport priced to sell

Prepare to be Impressed when you enter this Beautifully Maintained - Move in Ready Home. This is the Must See Property you've been Waiting for! Main Level Straight Thru Design offers a Large Bay window that drenches the Living/Dining Rooms with Natural light and Warmth. Thoughtfully updated thru out with Sample home Paint colors, carpeting, tile, remodeling and upgrades, New Kitchen and NEW Roof with warranty with a warranty, also Hardwood Floors throughout. Large eat-in Kitchen with new Build-in Wall oven, dishwasher and flooring offers plenty of Storage and counter space. Cabinets are over-sized 42 inch Cabinets. New Main level Powder Room that has been remodeled. The Large Newly remodeled Family Room with New Insulation/Drywall, Trim and Carpeting leads out to rear Patio/Yard for easy entertaining. Oversized Patio w/ Newly installed Privacy Fence looks out on lovely landscaped garden area. Laundry/Mud Room Area offers convenience and added storage off the 1 Car Attached Garage. Generous Master Suite w/ His and Her closets and half bath in suite. 2 additional bedrooms with deep closets. New upgraded tempered Windows, Garage Door, Freshly Coated Roof, Upgraded front door and locks, Updated Electrical Sockets and Light Switches, with upgraded 200 amp breakers. Home Shows well and displays Pride of ownership see for yourself... Hurry make your Appointment today.......

1138 Alton place Open Sunday 1-3

HOT HOT HOT great property in a coveted area with low inventory.... Your chance to own a piece of beautiful real estate on a small cup de sac in Northeast Philadelphia. Close to incredible shopping,movie theaters, gyms, and restaurants. Public transportation is 2 blocks away and the street is quiet and friendly. This home will only be on the market a short time. Newly renovated bathroom in master bedroom with custom walking closet space. Newer paint throughout and well maintained hardwood flooring. Large amount of Side and rear yard that is fenced for those animal lovers out there. This is a first time home buyers dream. It is beautifully maintained and the pride in ownership is displayed through its impeccable woodwork and cleanliness. Schedule your showing with me today. Do not forget about the first time home buyers credit get in the door for near nothing find out how today. More pictures to come 

The only Philadelphia real estate name you need Joseph McCabe

Joseph C McCabe is a real estate agent in servicing Philadelphia Bucks and Montgomery Counties.  Joseph McCabe received his undergraduate degree from Cabrini College in Radnor, PA while serving in the United States ARMY . He is currently pursuing a Psy.D, and M.A in Forensic Psychology. Joseph McCabe currently bases his professional workplace out of, Keller Williams office in Langhorne where he represents a broad range of buyers, sellers and corporate clients alike. As a unique marketing realtor, Joseph McCabe provides an aggressive and customized pro-active marketing program for his clients.  He utilizes social media and advanced online tools to effectively bring results to the table... fast.  He understands specific market trends and consistently learns & analyzes both local and global real estate markets. His specialties are listing Specialist, Buyer Representation, Real Estate Agent, REO and Estate, Short sales, and Luxury Home Sales, Relocation and, Foreclosure, Condos, Leases. He also loves working with investors. There is nothing I cannot do. I'm an all around Philadelphia real estate agent Please do not hesitate to give him a call or text at your convenience to discuss your real estate needs. Providing Luxury home services...Joseph McCabe will represent you and always get you an honest fair price. Cell:215-868-6379 text or call

Want to explore these hot neighborhoods??? Call me. Philadelphia real estate is booming. New investors welcome too. Bella Vista, Callowhill, Cedar Park, Chinatown, East Passyunk, Fairmount, Fishtown, Graduate Hospital, Logan Square, Market East,Northern Liberties, Old City, Penn sport, Powerton Village, Queen Village, Rittenhouse Sq.,Society Hill, Spring Garden, Spruce Hill, University City, Washington Sq. West, Fox Chase, Northeast Philadelphia.

​Like Bucks county as well?? Heres a list lets get you in a new home! Bedminster Township Newtown Borough, Bensalem Township Newtown Township, Bridgeton Township, Nockamixon Township, Bristol Borough, Northampton Township, Bristol Township, Penndel Borough, Buckingham Township, Perkasie Borough, Chalfont Borough, Plumstead Township,Doylestown Borough, Quakertown Borough, Doylestown Township, Richland Township, Dublin Borough, Richlandtown Borough, Durham Township Riegelsville Borough, East Rockhill Township, Sellersville Borough, Falls Township, Silverdale Borough, Haycock Township, Solebury Township, Hilltown Township, Springfield Township, Hulmeville Borough, Telford Borough, Ivyland Borough, Tinicum Township, Langhorne Borough, Trumbauersville Borough, Langhorne Manor Borough, Tullytown Borough, Lower Makefield Township, Upper Makefield Township, Lower Southampton Township, Upper Southampton Township, Middletown Township, Warminster Township, Milford Township Warrington Township, Morrisville Borough, Warwick Township, New Britain Borough, West Rockhill Township, New Britain Township, Wrightstown Township, New Hope Borough, Yardley Borough

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