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20 September 2024 | 2 replies
g=173096))Housing supply shortage: # new jobs per permit issued >1.5 (based on https://www.nar.realtor/research-and-statistics/housing-statistics/housing-shortage-tracker)Rent affordability <.33 (based on https://www.zillow.com/research/housing-supply-32743)Housing affordability <.40 (based on https://www.zillow.com/research/housing-supply-32743/)Based on these criteria I got 3 cities: Raleigh, NCCharleston, SCSan Antonio, TXI would love to know your thoughts on this methodology.
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21 September 2024 | 14 replies
Do now hire a "regular" realtor.
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21 September 2024 | 1 reply
The current owner has worked in the business since 1981, and owned it since 2007.Key features:- $25k minimum investment- 4 year timeline, projected annual IRR 35% and equity multiple 3.12- adjacent to public transport, in a suburb where there is both housing demand and limited supply.- operator has built and filled a similar development nearby- You can find pictures and numbers on some of the buildings they have built and are building here (https://lnkd.in/gfbdvtnf).- You can find a profit calculator spreadsheet here (https://lnkd.in/g-2m_vZA).
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17 September 2024 | 4 replies
I am looking at a prospective out of state long distance deal that has been difficult to obtain lending on as there is both a regular home and mobile home on the same property and the mobile home causes the potential investment to not meet conventional guidelines and therefore not even DSCR loans are an option.
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20 September 2024 | 9 replies
But ultimately, there's one thing that rates can't fix - supply and demand.There simply aren't enough houses for the number of buyers that want them.
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20 September 2024 | 1 reply
When switching over insurance,do I provide the lender with a STR/Landlord policy or do I purchase regular home insurance to send to lender and STR/ Landlord policy for my protection.
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21 September 2024 | 13 replies
When the area eventually becomes saturated or supply exceeds demand, all you can do is race to the bottom to compete on price.
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24 September 2024 | 49 replies
It shall be an unlawful discriminatory housing practice for any person, or any agent or employee of such person:To refuse to consider as a valid source of income any public assistance, alimony, or child support, awarded by a court, when that source can be verified as to its amount, length of time received, regularity, or receipt because of race, color, religion, gender, national origin, age, familial status, or handicap;"https://www.ok.gov/OREC/documents/CompleteDiscrimI...It is illegal in Oklahoma to discriminate against an applicant because their income is from public assistance.
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18 September 2024 | 8 replies
Still need to clean it with regular household cleaning supplies, keep the dehumidifier running, and try to increase some air flow if possible.
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20 September 2024 | 12 replies
New supply and rising expenses are probably even more impactful.Florida has some of the most new construction going on in the country, and is seeing rapid increases in insurance costs.