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18 June 2024 | 2 replies
Knew the market was good and knew that I couldn't go wrong if I rented it out considering it was near a popular military base as well.
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18 June 2024 | 10 replies
I think Zillow just wants to make money, take a cut where they can to pay themselves for running the most popular real estate site in the country.
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18 June 2024 | 0 replies
While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.
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18 June 2024 | 9 replies
Contrary to popular opinion, I don't see us going back to yesterday's rate environment, and I'm not anticipating being able to obtain investment property financing at sub 6% at any time in the near future without heavy buydowns. 5-7% is the historical norm for mortgage rates - it's not like 7% for an investment property is outrageous or shocking, and this is the ballpark I use to underwrite my deals.
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16 June 2024 | 7 replies
I'm not as plugged into primary rates (vs. investor/DSCR) but there are a lot of HELOC / Closed End Seconds out there that are becoming very popular alternatives (especially if you already have a low rate mortgage) instead of full cash-out refinances and jacking up rate on all the debt
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16 June 2024 | 1 reply
I have also noticed Manufactured and Modular homes have become very popular due to the current Florida market and over priced homes.I have had a big uptick in buyers reaching out for help on vacant lots and putting in a new Double or Triplewide Manufactured.
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17 June 2024 | 8 replies
That makes it easier for me or my bookkeeper to identify what those expenses are for and also for me to track progress on whether I am on budget or not without having to put a bunch of effort into that.
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16 June 2024 | 7 replies
But if the area is popular enough, even residential may be a good use for the site.
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18 June 2024 | 53 replies
He was convinced it was going to become a very popular location for WMU student organization meetings.Maybe it did and I missed a big opportunity, but I really doubt it
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17 June 2024 | 19 replies
After finishing the first episode I jumped on here and decided to find and read your posts.Utah is expensive, I've attended a couple of networking events and attempted to ask questions on Facebook forms, people from a popular group called Renatus continue reaching out to me wanting me to pay for a $27k learning program.I read read Rich Dad Poor Dad and Cashflow Quadrant so far.I am puzzled at how people are finding the deals to begin with and discouraged already that I don't know how to build the skills and where to start to get into this network of investing.Any light that can be shed and tips or guidance would be much appreciated.As a beginner, the only value I would be able to provide to anyone is finding deals, the notice of default list here in my county on a monthly basis is the only thing I've attempted and my yellow letters have never gotten any response.I am willing to help provide value however I can as a beginner.