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22 February 2025 | 1 reply
This is what they provided in an email:Our team has a fixer-upper located at 103 Tropic Ct, Fort Pierce, FL 34946This Fort Pierce home consists of 3 bd/ 2 ba/ 1,342 sqft of living space on a 7,469 sqft lot. - Investment Duration: 30days (Investment + ROI in full)- Return on Investment: 45%- Purchased Price: $150,000- Rehab Cost: $30,500- ARV: $240,000- Minimum Investment: $30,500- Maximum Investment: $30,500- End Buyer Escrow Commitment: 20%Rehab Cost BreakdownRehab Cost Breakdown1.
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25 February 2025 | 1 reply
Here are some key highlights from the report, which compares January 2025 with January 2024:The median sales price for the greater Austin metro fell 4.7% to $409,765, while the City of Austin saw a 4.7% increase to $553,465.Total sales in the metro rose 1.1%, whereas the city saw a 4% decrease in closed sales, demonstrating continued demand in spite of economic challenges.Pending sales under contract dropped 7.5% in the metro and 1.4% in the City of Austin, suggesting a slight decrease in demand at the start of 2025.Listing inventory increased 16.5% in the metro and 15.5% in the City of Austin, resulting in 5.6 months of available housing inventory in the metro and 6.2 months in the city, approximately one month more than in January 2024.According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory.
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2 February 2025 | 4 replies
We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc.....
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2 March 2025 | 4 replies
Its a yearly auto renew lease.ThanksThey know they're renting at a discount and larger increases won't drive them away because the alternative is them paying market rent elsewhere after the expenses of moving.
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25 February 2025 | 13 replies
@Sharad ReddyI used to live in Davis and the area has had strong appreciation and consistent demand with the university and primary schools.
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23 February 2025 | 5 replies
Multifamily properties can benefit from forced appreciation, where you increase value through renovations and improved management, potentially achieving 5% to 7% appreciation annually, especially if the rental market remains robust.
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27 February 2025 | 6 replies
Obviously I have grounds to terminate the lease, but I'm wondering if legally I can just increase his rent to cover the extra wear and tear.
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2 March 2025 | 1 reply
The average rate on a 30-year mortgage slipped slightly to 6.76% from 6.85% last week, according to mortgage buyer Freddie Mac.The number of homes actively for sale grew 27.5% compared to last year, the 16th straight month of growth.Newly-listed homes increased 4.2% year-over-year.The median price of homes for sale in February fell 0.8% to $412,000.Realtor.com also reports a growing number of listings with price reductions, with 16.8% of sellers cutting prices in the month of February.How long before we hit equilibrium?
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18 February 2025 | 0 replies
The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.
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24 February 2025 | 0 replies
Overall, NC listings increased by 9.1% from Jan 24 to Jan 25; however, sales remain flat.