Cindy Young
Minimum Rent to Price Ratio
5 July 2024 | 2 replies
I understand there are many other criteria to analyze a property and market, and I will use all available statistics.
Allison Park
Vacancy Rate - What is good/bad
1 July 2024 | 2 replies
A 6-7% vacancy rate might look tempting, but it’s important to keep an eye on any new developments, like Build-To-Rent apartments, that could pop up in the neighborhood.There’s also some research* out there showing that average vacancy rates across Metropolitan Statistical Areas (MSAs) have ranged from 17% to 10% in the past (95-17).
Jake Andronico
How Low is the Inventory in Reality?
29 June 2024 | 3 replies
They have very good overall statistics for every major city .
Rachel Jones
Screening Tenants- Verification Recommendations for previous landlord and employment
1 July 2024 | 6 replies
We calculate rent plus all debt payments as a percentage of gross monthly income.Our underwriters strive to analyze and balance all the information above to determine the statistical likelihood of a tenant paying their rent on time.ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious and don’t change their minds.
Grace Simpson
Help me decide: Owner-Builder vs. GC
1 July 2024 | 14 replies
If you use a properly vetted, reputable and experienced GC, statistically it seems less likely there will be issues compared to a fact pattern where you self manage the work as a first timer.
Jonathan Greene
5 Tips To Create A Real Wholesaling Business And Not a Chop Shop
2 July 2024 | 108 replies
If I wanted to make a statement about percentage of homes bought for cash v financed in the US I would get the exact statistical number. and write it But that's not the point.
Rachelle Bisaillon
Newbie to Screening Long Term tenants shady screening
28 June 2024 | 5 replies
We calculate rent plus all debt payments as a percentage of gross monthlyincome.Our underwriters strive to analyze and balance all the information above to determine the statistical likelihoodof a tenant paying their rent on time.ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious and don’tchange their minds.
Kristen Haynes
Carolinas Latest Real Estate Market Data and Statistics as of mid June, 2024
25 June 2024 | 5 replies
We are still in a very tight, low inventory market- but appreciation has never been higher- it's a great place for a wealth-building investment portfolio- it sure beats the highs and lows of the stock market! Check ou...
James Carlson
18 offers, 12% over list price .... Market going bonkers again?
30 June 2024 | 54 replies
lol we are talking the same, lets say we do some input statistic analysis ( i did it before ), so in 2009 the mortgage debt with typical husband and wife working is like 29% ; now that number is going as much as 44% in some cities. also our home price is created using auction systems, if there'e 100 houses in one zip code, the pricing discovery in created by the last 3-5 home purchasers, which indicate 95% of other folks does not necessarily able to purchase home or do mortgage with current rate.Which cause a problem, one household either need to maintain job that can continously paying the mortgage and/or the loyalty of husband and wife is a MUST LOL Having said that, to maintain 1.5 mil homes in bay area for example, husband and wife should not divorce for 30 years at least.But for 150k house in Ohio, the husband can divorce their wife anytime while maintain the mortgage payment LOLHaving said that, getting divorce is very suicidal for financial.but also creating different effect, for single guy, there's almost no way they can purchase home, unless they're cardiologist or any other high income earner LOL (this example is just for fun).In our area the home supply is coming from two sources mainly: people going retirement and want to cash out or separation in relationship LOLGetting separation is very expensive especially if you born in 1970/1980/1990s, I would even argue the moment you are married-->single thus you become the renter class again LOL
Rahul Garg
Best lender for building loan
23 June 2024 | 13 replies
For example look at the zip code you are building in, for a recent new build in columbus that we do since miami is expensive we pulled all these stats: Zip Code Statistics: 43206Housing Units Delivered: 8 Average Sale Price: 642,875Median Sale Price: 505,000Average Price Per Sq Ft: $316.40Average Square Feet: 2172 Sq FtAverage Bedrooms: 3.25Average Bathrooms: 2.75Average Days on Market: 138We design the house around this, around the lot, around the neighborhood, from scratch and try to pick a long term build design that will do well.