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Results (10,000+)
Tanya Maslach Doing a BRRR in Kansas city (MO or KS) for Mid Term Rentals?
8 October 2024 | 5 replies
MTR is strategy here with the industries we have.
Frank Barletta Houston: Gross Weather, Lovely Investing
9 October 2024 | 9 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance​.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities​.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms​​.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250​​.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types​​.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments​​.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K​​.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%)​​.Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.
Teahjsia Frazier Looking to purchase next property
9 October 2024 | 8 replies
I would consider buying a duplex, tri or quad as a primary residence and move into one of the units and rent out the others.You could sell your primary and use the capital, or pull the HELOC and use to buy a small multifamily.You can also learn how to flip properties to generate additional income to use to buy properties to hold longer term.You can also consider looking into a job in the real estate industry, such as an analyst, broker, lender ,etc that can get you in the gameAll the bestGino
Luis Hinestrosa Looking to expand my broker network
7 October 2024 | 2 replies
Networking is key in our industry, and I’m always looking to connect with like-minded professionals.
Joseph Scorese Exploring Economic Trends in your Immediate Real Estate Market Strategy
8 October 2024 | 0 replies
Understanding which industries are thriving in your local market can help you identify lucrative locations.Infrastructure and Development: Look for regions undergoing infrastructure improvements, as these tend to spur real estate appreciation and rental demand.
Nichole Kinard Working full-time but ready to invest in real estate
9 October 2024 | 12 replies
Trying to find quality subcontractors and writing proper contracts I would not recommend for somebody outside of the construction industry.
Robert Bell Memphis is still the one!
7 October 2024 | 2 replies
., allowing flippers to invest with lower upfront costs.Growing Job Market: With industries like logistics, healthcare, and tech expanding in Memphis, demand for housing is on the rise.Steady Appreciation: Home values in Memphis have been steadily increasing, providing a favorable market for short-term flips.If you’re looking to get into the house-flipping game, Memphis offers the potential for high returns in a stable, growing market.
Joseph Beilke Palm Coast FL Realtor and Newbie investor!
9 October 2024 | 11 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
Chinku Prasad HVAC leak on 4th floor caused damage to our ceiling 2nd time
7 October 2024 | 3 replies
This is coming from someone who worked in the insurance industry.
Anthony Liberatore Here is my situation... where do I go from here?
7 October 2024 | 15 replies
@Anthony LiberatoreGet a W2 job in the real estate, construction or related industry