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27 March 2024 | 11 replies
If an institutional lender is happy at 50% LTV to a foreign national and the seller will supply another chunk of the debt (for example, 30% 2nd), you might end up in a fine situation for financing.4.
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27 March 2024 | 12 replies
agree with the other comment, different markets are doing different things. also, "be greedy when others are fearful." what people might be afraid of is, lots of commercial ARMs coming up on their rate adjustments, & the new rates (compared to 5y ago when they first purchased) will kill their cashflow, so they'll sell, and if everyone is doing this at once, supply might outweigh demand, everyone has to sell for less than they planned, and everyone who hangs on to their similar properties gets to recalculate their estimated mkt value with the new going cap rates. i don't personally think this is going to cause as insane of a shift as some people do, but it's all speculative, we won't know til it happens. if you can find a deal that pencils with 30y fixed debt, do it.
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27 March 2024 | 21 replies
Let's just imagine a scenario where you only have one property, and you don't use any PMSs or apps like Turno, for example.Cleaning and maintenance: 4 hours per weekRestocking supplies: 1 hour per weekResponding to inquiries and bookings: 2 hours per weekHandling guest concerns during stays: 1 hour per weekCreating and updating listings: 1 hour per weekManaging pricing: 1 hour per weekFinances and taxes: 2 hours per monthInspections and minor improvements: 4 hours per monthTotal estimated time per week: 12 hours, more or lessTotal estimated time per month: 26 hours, more or lessIf you do use pieces of software to automate your work, it can be even less.
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27 March 2024 | 2 replies
In Broward dreams don’t just linger; they manifest swiftly leaving onlookers amazed.Active Inventory is 3, 901 with 22.8% Change Year-over-Year and 3.8 months supply of inventory with 35.7% Change Year-over-Year.As we bid farewell to February 2024 lets carry forward stories of resilience progress and the enduring spirit of Browards real estate market.
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27 March 2024 | 17 replies
I like the Reno, NV area because there are very few building starts and it's geographically restricted by the mountains which is constricting supply forcing appreciation.
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26 March 2024 | 0 replies
In Palm Beach dreams materialize swiftly and impressively.Active inventory is 5, 080 with 26.15% change year over year and 4.4 months supply of inventory with 33.3% change year over year.In this community every obstacle is seen as a chance for success and every challenge as a path, to victory.Condos; Where Urban Dreams SoarThe pulse of city living!
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26 March 2024 | 0 replies
Leave onlookers amazed.Active Inventory is 3, 895 with 7.7 % Change Year-over-Year and total of 4.4 months of supply of inventory with 15.8% Change Year-over-Year.As February 2024 comes to a close, with its setting suns Miamis single family housing market stands as proof of resilience hopefulness and the everlasting essence of potential.Apartments; Where Hopes Come AliveOh the pulse of city life!
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26 March 2024 | 12 replies
And there appears to be significantly more demand for properties than there is supply.
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26 March 2024 | 28 replies
To play into this matter, the answer is due to the free market and the principle of supply and demand (Carlos' point).
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26 March 2024 | 12 replies
I'm not that professional but I think a whole house filter would filter particulates like dirt but not chlorine. for chlorine you might need a reverse osmosis system for a specific drinking water tap to eliminate the taste as it's not practical or efficient to put an RO on the whole house supply. if skin issues from bathing are a problem you might need a softener. sometimes when kids have eczema doctors actually prescribe "bleach baths" where a small amount of chlorine bleach is added to the bath water. also many of the water treatment systems can be rented so maybe just rent it while they are there. regardless, proceed with data. water test, pediatrician diagnosis (if it's legal to ask for, no clue), and a system that is right for the application. sounds like the tenant is willing to help out which is awesome.