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23 March 2024 | 9 replies
In terms of the Agent economy, the rich just got richer while the poor got poorer.
25 March 2024 | 214 replies
This is called COMPETITION.Now, like all other businesses in America, agents will have to hustle a bit more, make a stronger sales pitch to sellers, and offer greater service to those sellers to secure that listing.The power is now back in the hands of the seller, just as it should be.
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25 March 2024 | 118 replies
Here are some tips I've got for you:-Look for markets with a strong local economy, job growth, and population growth.
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22 March 2024 | 0 replies
Any thoughts if it's the economy or something else?
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22 March 2024 | 21 replies
The economy is thriving in several areas -- pharmaceutical, medical, IT, Distribution centers, manufacturing, government defense, sports, convention center -- a wide variety, so we aren't depending on only one type of industry.
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21 March 2024 | 0 replies
If I need additional funds, I can give another lender a second mortgage after explaining to them that the first mortgage holds a stronger position.BUT... if you do some paperwork with the state and set up an entity.
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22 March 2024 | 5 replies
Federal Reserve’s response to COVID-19 crisis was to lower interest rates to near 0% in order to support the economy during the pandemic.
21 March 2024 | 2 replies
If you are in that 5-10 unit space where lots of residential lenders will touch it with their promiscuous easy money "DSCR loans," there's a little bit of it, but once you are in the 20 unit or 30 unit world, there's none of that stupidity, and cashflows are much stronger.
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21 March 2024 | 2 replies
I’ve found there can be much more work due to economies of scale (meaning there’s just more of everything) when you get up to an 8-12 unit building.
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21 March 2024 | 8 replies
Additionally, keep an eye on the local economy and any upcoming developments or infrastructure projects that could impact property values and rental demand.