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25 June 2024 | 30 replies
Russ, my point was about lack of affordable housing.. and 200k to 300k is below the national median and affordable.. so its up to folks that want affordable houses to buy what they can afford .this way they get out of being life long renters and they build equity etc..
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23 June 2024 | 6 replies
We also host the monthly Triad WIRE (Women in Real Estate) group.
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25 June 2024 | 51 replies
Additionally, its affordability with a median home price below the national average makes it especially appealing for investors looking for a solid return.
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24 June 2024 | 13 replies
Prices might go WAY WAY up even when national averages are going down or vice versa.
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24 June 2024 | 9 replies
Vacancy rates:The overall office vacancy rate in Tampa is 9.4%, which is below the national average of about 13%.For residential properties, the homeowner vacancy rate is 1.0% and the rental vacancy rate is 4.2% in the 33619 zip code.Days on market:Specific data on days on market wasn't provided for Tampa overall, but the median days on market for homes is 89 days according to one source.Promising areas:The Westshore and Downtown Tampa submarkets have seen increased occupancy, with an uptick of 175,000 square feet over the past year.The Westshore submarket has seen its vacancy rate drop by 100 basis points year over year to 12.5%, hitting a four-year low.Rental property insights:Tampa has a high percentage of renters, with 53% of the population renting rather than owning homes.The median rent price in Tampa is $2,941.Market trends:Tampa's real estate market has seen strong appreciation, with a total appreciation of 129.39% since Q1 2000, at an average annual rate of 4.41%.The city is experiencing population growth and an influx of young, educated professionals due to increasing employment opportunities.Regarding your interest in a brand new construction SFR with live and work usage, this could be a promising investment given Tampa's growing population and the trend of people seeking to live close to their workplaces.
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25 June 2024 | 31 replies
We then stayed in that one (though it wasn't bad - just needed some cosmetic updates) for 7 years, just moved out, kept it as a long term rental, and moved into another major fixer in our STR market across the country near Acadia National Park in Maine.
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26 June 2024 | 45 replies
Was this appraisal ordered through a big AMC like appraisal nation who most DSCR lenders would accept a transfer from?
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23 June 2024 | 9 replies
I'm in Orlando and a full time Realtor and serve on the board of CFRI, the local chapter of the National REIA.
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25 June 2024 | 24 replies
You'll find lots of content there from investing in turn key properties (I have have 15 REI Nation SFRs) to passive multifamily (have a $3M+ stake in 1500+ units) to renewable energy (energea.com).
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24 June 2024 | 58 replies
The metro area population of Montgomery in 2022 was 367,000, a 1.94% increase from 2021.In a number crunch of 300 cities using 10 metrics ranging from home prices to tax rates to vacancy levels, WalletHub determined that Montgomery, Alabama, was the nation’s most affordable city for homebuyers.