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6 June 2021 | 26 replies
If they are separated, be aware that income now needs to support two households.
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9 June 2021 | 0 replies
pid=1782Houston Real Estate Highlights in May:-Single-family home sales increased for the twelfth consecutive month, up a dramatic 48.2 percent year-over-year with 9,702 units sold;-The Days on Market (DOM) figure for single-family homes dropped from 58 to 34;-Total property sales rose 55.5 percent with 12,100 units sold – the second highest volume in history;-Total dollar volume increased 100.5 percent to $4.4 billion;-The single-family average price reached a new record high, rising 29.7 percent to $387,105; -The single-family median price rose 21.7 percent to $304,000 – also a record high; -Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.3 months year-over-year and below the national inventory of 2.4 months;-On a year-to-date basis, single-family homes sales are running 29.5 percent ahead of 2020’s record pace;-Townhome/condominium sales jumped 103.4 percent with the average price up 15.7 percent to $238,839 and the median price up 21.7 percent to a record high of $213,000;-Single-family home rentals fell 26.8 percent with the average rent up 10.6 percent to a record high $2,025; -Townhome/condominium leases declined 3.5 percent with the average rent up 8.5 percent to $1,716.
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3 July 2021 | 7 replies
Utility statements are on a rolling basis in my condominium For ex.
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6 July 2021 | 4 replies
I have a high household income, so while my initial investment may be low, I will probably be able to invest an additional 100k/year in the following years.- Desire is to buy and hold MFHs.- Would like to partner on deals (I understand finding the right partner is difficult, so I'll let this come over time).Questions:- How is the rental market in Mount Lebanon?
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6 July 2021 | 2 replies
The only part I am not sure about if the market will "correct"; I believe it is much more likely that it will level off.The reason I believe that is affordability - the NAR publishes an affordability index; basically how much of a median household incoem is needed to buy a median home with 10% down.
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2 January 2022 | 10 replies
But for my day to day operations, not only do I have one account for all my properties and syndications, it's the same account I use for my W-2 direct deposit and also to pay my day to day household bills, lol.
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7 July 2021 | 6 replies
Puerto Rico Condominium Act 129-2020 passed in Aug 2020 prohibited HOA / Condo associations from banning STR unless the master lease/bylaws expressly prohibit STR.
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7 July 2021 | 3 replies
Everything was going to be in my name, and my wife wasn't going to be attached to the loan or anything.Now, as we are about to go to the area this weekend and stay a week to find our home, and house hack, the lender told us that our debt-income ratio is too high because she had to put my wife's info as she is part of the household.
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14 July 2021 | 4 replies
What is your monthly household income?
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12 July 2021 | 15 replies
The biggest problem with San Diego and Southern California rental real estate is that personal and household income doesn’t align well with rents.