Brian J Allen
Mortgage Payments Are Outstripping Income Gains
8 October 2024 | 2 replies
The disparity is even more alarming in Worcester, where median income has grown by 19.7 percent, while mortgage payments have surged a staggering 82.9 percent.It’s no surprise that home prices in Worcester have risen, but I didn’t realize the jump was so dramatic.What I’m seeing on the ground is that many of the buyers for multifamily homes (multis) in Worcester are coming from the east—places like Greater Boston.
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.
David Ruppert
Should I pay off my commercial property now?
7 October 2024 | 2 replies
At 4.25%, that’s a favorable rate, especially in today’s environment where rates have risen.
Marcus E. Turner
Having An Investor Mindset
6 October 2024 | 1 reply
Real estate is a marathon, not a sprint, and having a big-picture perspective allows investors to grow wealth steadily while navigating market shifts with confidence.Besta regards,Drago
Don Konipol
10 Most Common Incorrect Beliefs by Inexperienced RE Investors
9 October 2024 | 21 replies
So while yes, 100%, over a long enough timeline real estate at median has always risen, specific neighborhoods have fallen from grace and generations later never recovered to par (inflation adjusted that is).
Teekap Pate
Landlord Insurance plus Homeowners Insurance - Rental Townhome
4 October 2024 | 6 replies
Our agency works with them and Steadily along with many others.
Diego Izarra
Looking for a Quick Rule of Thumb for Estimating Property Insurance – What Do You Use
4 October 2024 | 3 replies
Personally I would probably just multiple by 0.005 if you're gonna use this as I feel like Zillow always estimates low.But I personally use instant Steadily Insurance estimates inside BrightInvestor - those do vary their estimate by location, unit count, stories, year built, etc.
Gagandeep Singh
Is there any market that still meets the 1% rule?
8 October 2024 | 36 replies
Specifically, properties in those neighborhoods sell for about $100,000 to $120,000 and can rent for roughly $1,000 to $1,300 per month.If you’re set on investing in the Huntsville area, there are several lower-cost (yet steadily growing) locales about 25 to 35 miles away—namely Decatur, Athens, and Guntersville—that have properties that meet the 1% rule.
Shawn C.
Insurance options for HouseHacking (house mate) but for limited duration stays
2 October 2024 | 9 replies
Hi @Shawn C - I can't speak to CA specifically because I am in CO but I use Steadily for insurance for house-hack and mid term rentals.
Sam Bhattacharya
How do I handle a tenant who refuses to pay the increased rent in my rental property?
3 October 2024 | 11 replies
Explaining the reason for the increase and providing some market data to show how rental prices in the area have risen could make things clearer for the tenant.