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8 October 2024 | 12 replies
These properties are owned by a few different investors I work with and know personally, the average monthly rent per property is about $1,300.
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8 October 2024 | 2 replies
According to Zoocasa, the annual median income in Greater Boston has increased by 22.4 percent since 2018, yet in that same period, the average monthly mortgage payment has jumped by 27.5 percent.
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7 October 2024 | 3 replies
Would you average the credit scores, or take the highest as long as the low one does not have anything alarming in the details?
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7 October 2024 | 9 replies
The average income in the zip code is about $90k.The population in the 34746 zip code in young (median 38 years) and growing from 53k in 2022 to nearly 60k in 2024.Rent by room is not as popular in this zip code as it is in the 34741 zip code, perhaps reflecting HOA restrictions as well as building configuration.
6 October 2024 | 3 replies
The average 30-year fixed-rate mortgage rate jumped 27 points from 6.26 percent to 6.53 percent on Friday"I guess I go back to buying properties with zero down, taking over 3% mortgages.
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6 October 2024 | 7 replies
The market's steady growth ensures that homebuyers and rental property investors can capitalize on the area's potential.Key Economic Indicators:Average Wage in 2024: $59,586Five-Year Compound Wage Growth: 3.73%Total Employment in 2024: 748,600Five-Year Compound Employment Growth: 3.14%Unemployment Rate in 2024: 3.8%GDP Per Capita (2022): $70,178Affordability Indicators:Median Home Price in 2024: $447,526Five-Year Compound Price Growth: 9.35%Median Rent in 2024: $1,797Five-Year Compound Rent Growth: 5.91%Rent-Price Ratio: 0.4%With steady wage and employment growth and an unemployment rate below the national average, the Raleigh-Durham area is a prime market for real estate investment.
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9 October 2024 | 11 replies
Vacancy Rates and Rent Rates: - What is your average vacancy rate for properties you manage in the area?
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7 October 2024 | 9 replies
Average home prices I’ve seen are anywhere for 800 to 1 million for a home his size but in more updated shape.
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7 October 2024 | 2 replies
The benefit to the seller is that they get 0% down deals with lower than average interest rates for commercial deals (Seller carrying 25-50% note at negotiated 0% interest) and have theoretically infinite returns with 0% down.
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8 October 2024 | 6 replies
I think I have an above average amount of grit and resilience from past adverse events and Florence and the aftermath near broke me.