22 June 2024 | 6 replies
Hey Nichole - Check out this BP article that goes hand in hand with what you're reading.
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22 June 2024 | 4 replies
Unfortunately no, I came across an article that states that Georgia doesn’t have a redemption period.
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22 June 2024 | 12 replies
As you can see, the numbers aren't great from a CoC return standpoint with current interest rates, but the location is strong - great schools, close to large hospitals, 10 mins from downtown, and popular suburban towns nearby.
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21 June 2024 | 3 replies
I'm finding some listings on a popular realtor mls listing site (not sure if I'm allowed to say which one here) that have a box on the listing which states "Assumable Mortgage" and has a "learn how" button, when I click on the button it says: "This home has an assumable mortgage" and it lists the current average interest interest rate for April 2024 (7.00) for a new loan vs.
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23 June 2024 | 14 replies
Not sure why I put "local" but re-reading the same article I read a few weeks ago, it does change the way the IRS views the sale. i.e. it is no longer considered a "sale" but a gift.
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20 June 2024 | 0 replies
Rates on 15 year fixed mortgages, which can be popular refinance options also eased to 6.13%.
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21 June 2024 | 4 replies
Even the wealthy community of Lake Naomi nearby is having serious problems recovering property values.https://www.reuters.com/article/us-usa-housing-underwater-insight/millions-of-americans-still-trapped-in-debt-logged-homes-ten-years-after-crisis-idUSKCN1LU0EP
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20 June 2024 | 5 replies
Speaking of which the price is amazing compared to other PMS, but I expect that to change as the company gets more popular.
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22 June 2024 | 129 replies
.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.
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25 June 2024 | 125 replies
The premise of this boards popularity came after the deepest real estate crash coupled with the lowest rates in any historical era, and was conveyed through someone like a rookie that runs crashing and failing syndication.