Nichole Bretag
New Investor - Looking for Recommendations
22 June 2024 | 6 replies
Hey Nichole - Check out this BP article that goes hand in hand with what you're reading.
AJ Wong
How & Where to get mortgage loans for multifamily apartment complexes: 5-50+ units
23 June 2024 | 1 reply
Borrowers will need to provide Articles of Incorporation and breakdown of ownership. - Closing duration of multi plex mortgage loans is typically 45-60 days and more complex transactions can take up to 90.
Joseph Toni
Solutions that the seller can take to avoid a tax foreclosure
22 June 2024 | 4 replies
Unfortunately no, I came across an article that states that Georgia doesn’t have a redemption period.
Kiefer Cheney
Advise on how to really start
21 June 2024 | 20 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
Eric Fernwood
June Las Vegas Rental Market Update
19 June 2024 | 3 replies
It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents continued the up trend as expected.
Pal Sa
Community property and guests
19 June 2024 | 5 replies
I did not find any relevant section in which to ask this question.
Anthony Pollachioli
Breaking into the rental market with Inheritance property
23 June 2024 | 14 replies
Not sure why I put "local" but re-reading the same article I read a few weeks ago, it does change the way the IRS views the sale. i.e. it is no longer considered a "sale" but a gift.
Michael Fucillo
Information on Tobyhanna PA ?
21 June 2024 | 4 replies
Even the wealthy community of Lake Naomi nearby is having serious problems recovering property values.https://www.reuters.com/article/us-usa-housing-underwater-insight/millions-of-americans-still-trapped-in-debt-logged-homes-ten-years-after-crisis-idUSKCN1LU0EP
Carlos Ptriawan
as unemployment would be 100% going up next year and higher chance of recession
20 June 2024 | 245 replies
To lend direction, your going to have to go back to Obama administration and start reading the articles of actions from there.
Cory J Thornton
What are the potential effects of "Phantom Debt?"
20 June 2024 | 2 replies
Some articles indicate that as many as 42% of those who actively use the BNPL purchase option are either behind in their payment or behind in other payments for other obligations.Even though this is not something being reported to credit agencies, it could be something that starts popping up on loan applications as the amount of "phantom debt" in the system continues to grow.