These are rough numbers, 30 inquiries results in 5 to 8 property views, that results in 1 to 3 applications received.

The articles conclusions MAY be self serving - we need to look closely  to perceive any motivations for WHY the writer is producing the article. 

That typically results in a higher payment and an open end mortgage (Credit card) versus cash in the bank that can act as an Asset and PITI reserves where a Heloc cannot.Feel free to reach out if you have any questions, I enjoy helping and talking REI.

.- Having a set % and applying that each year is lazy and will result in higher vacancies.

Whether you’re trying to find off-market deals, build a pipeline of motivated sellers, or scale up your operations, there are some game-changing tools and methods that can seriously boost your efforts.I’m really passionate about helping others take their business to the next level, and I’ve seen firsthand how these approaches can deliver results.

As a result I’m much more concerned with a borrower showing funds for at least a reasonable down payment.A problem with a screen shot of say a buyer’s Vanguard account is that it’s so easy to use PDF tools which can alter the numbers and be virtually undetectable.  

In the last year, the leads I received from BP featured agents resulted in 5 closings and 45k GCI.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Total Active Listings: 2,349 (up 17% over last year)Total Pending Listings in the Last 7 Days: 248 (1% down from last year)Total Sold Listings in the Last 7 Days: 139 (1% down from last year)Average Days on Market: 40 (vs 36 last year)Average Sales Price: $359,167 (vs $335,323 last year)Number of Price Reductions in the Last 7 Days: 688 (vs 606 last year)Sales to List Price Ratio: 97.6 (vs 98.83 last year)Number of Expired Listings in the Last 7 Days: 152 (exactly the same as this time last year)Number of Agents: 8,518 (150 less than last year)Interest Rates: About 7% (vs 7.875% this time last year)Key takeaways: We're seeing more active listings and price reductions but less pending sales, resulting in a shift from a seller's market to a balanced market.

As a result these markets have historically appreciated at a more rapid rate.