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20 July 2024 | 14 replies
@Jennifer LexonTo find a move-in ready property in Cleveland, Indiana, Kansas City, Memphis, and Pittsburgh, consider factors like affordable real estate prices, steady economic growth, strong rental markets, diverse neighborhoods, and diverse economies.
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19 July 2024 | 6 replies
Note, Jacksonville FL is the largest market (area) in the nation and fairly nuanced.
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19 July 2024 | 3 replies
Also, they're buying it just over a 5% ( noi 3 / 58) cap rate and planned to sell three years later at the same 5% cap rate, with the largest influx of new Class A multifamily to the Atlanta area ever in the next three years to compete against this Class A property, which should only continue to drive down rents or prevent NOI growth at the least.
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20 July 2024 | 3 replies
we have 7 new builds breaking ground in July all are for clients that we build at a discount for and they resell which makes the economics even more favorable for them but for our side of things I haven't looked at private money just through all cash partnerships. that's in columbus ohio
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20 July 2024 | 28 replies
This is what ChatGPT has to say about post scarcity:"Predicting the exact timing of post-scarcity is challenging because it depends on numerous factors including technological advancements, economic policies, social attitudes, and environmental considerations.
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19 July 2024 | 3 replies
For flips the largest value adds are bathrooms and the kitchen so this could be something for you to wait on until you either are ready to sell or see that the condition has gone down of the existing countertops.
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22 July 2024 | 38 replies
First off, you can provide all the links you want about $1266 being the maximum including utilities that section 8 offered in 2021 or even 2020 for that matter but the LARGEST section 8 agency in Detroit (with perhaps the exception of Detroit Housing Commission, aka DHC.) and Michigan which is Michigan State Housing Development Authority, commonly known as MSHDA approves up to $1478 including utilities.
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20 July 2024 | 13 replies
These areas were economically hurt as well.
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20 July 2024 | 4 replies
I live in miami florida now and I moved for larger scale developments here because of the net migration but columbus ohio the economics allow for that. existing inventory has been tougher and at the pricing inc columbus you may as well build new because you can build new less than replacement costs in a lot of the markets downtown. it's about being in adjacent downtown neighborhoods where property values and rents are higher. land values are the biggest driver of how well you can buy land to develop followed by permitted uses or rezoning applications.
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19 July 2024 | 1 reply
.- New supply is expected to moderate, with inventory growth slowing from 5.4% in 2024 to just 0.5% in 2025.While the market faces near-term headwinds from slow economic and population growth, the moderation in new supply and gradual absorption of existing inventory should support improved market fundamentals over the next 2-3 years.