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8 July 2024 | 1 reply
The reason to get your license is access (to see properties) and data (for ARV and comps.)The class to get your license is way more relevant to investors than agents since they work residential and most do nothing so it's useful to take the class.
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8 July 2024 | 6 replies
Essentially you are plugging in all of your data and they are using market price studied to generate your deductions.
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8 July 2024 | 35 replies
There is also some data that suggests if local investors swift there long term rentals to STRs, home values will increase, leaving homes on the market to be purchased by out of town investors, and LTR scarcity leading to locally increased LTR rates.
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9 July 2024 | 8 replies
Even if the market only appreciated at the rate of inflation, my equity growth is still beating inflation because I'm conservatively leveraged.4) It is unlikely single family prices will go down in any meaningful way as evidenced by over 100 years of US housing price data.
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7 July 2024 | 14 replies
The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.
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12 July 2024 | 281 replies
I guess it's hard to scrape together $750 by the first when you make $58,000 per year.
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6 July 2024 | 5 replies
May 2024 data showed an 11.9% year-over-year increase in median sale prices for single-family homes.
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10 July 2024 | 256 replies
It should strive to become and remain proficient in its field and be competent to properly address issues which arise in connection with the ownership or collection of debts.CANON 3 – CONFIDENTIALITYAn RMAI Member shall always demonstrate their commitment to maintaining the confidentiality of consumer account data which shall be revealed through the development, implementation, monitoring, and annual review of security measures adopted for its protection, not only while having title to the receivable but also during transmission of the data occurring during the sale or purchase of the receivable.Commentary:A Member shall strive to implement the highest standards of information security policies, safety, and security plans and guidelines which meet or exceed any state or federal statutory and regulatory requirements for the safeguarding consumer personally identifiable information and account data.A Member shall abide by all non-disclosure and confidentiality agreements with the parties with whom it has business dealings regarding the other parties’ consumer accounts, proprietary business information, and trade secrets.The obligation to protect confidences does not preclude a Member from revealing information when consent is provided; as permitted in statute, regulation, or case law for the collection of a debt; or when required by law.It is not improper for a Member to give, as allowed by law, limited information from its files to an outside agency necessary for statistical, bookkeeping, accounting, data processing, banking, printing, or other legitimate purposes, provided it exercises due care in the selection of the agency and warns the agency that the information must be kept confidential along with the execution of proper confidentiality agreements.CANON 4 – COMMUNICATIONSAn RMAI Member shall demonstrate caution in its verbal and written communications with others which shall be revealed through the absence of false, fraudulent, misleading, deceptive, or unfair statements.Commentary:A Member shall accurately represent professional memberships, designations, credentials, capabilities, and experiences.The name under which a Member conducts its business should not mislead others concerning the identity, responsibility, and status of the Member, even if such name is permissible under the FDCPA or other state and federal statute.A Member shall not directly or indirectly compensate or give anything of value to representatives of the press, radio, television, or other communication medium in anticipation of, or in return for professional publicity in a news item unless such payment is disclosed in such news item.
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5 July 2024 | 5 replies
I've been a field superintendent at GCs, and now I work on the product/data team of a construction cost data company.
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8 July 2024 | 42 replies
That's according to data from local MLSs of the Houston Association of REALTORS®, North Texas Real Estate Information Systems, San Antonio Board of REALTORS® and the Austin Board of REALTORS®.Ben Caballero, the first Guinness World Record holder for home sales, broke his world record for an individual real estate agent, selling 5,793 homes totaling $2,270,911,643 in a single year.Ranked as the No. 1 real estate agent for nearly a decade by REAL Trends for both total sales and number of transactions, Caballero also listed an additional 668 homes for brokerages owned by home builders for an additional sales volume of $228,992,475.