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18 November 2024 | 0 replies
Market in a MinuteEast Tennessee home sales decreased 7.8% from the previous month, and decreased 1.0% from a year ago.The median sale price was $371,250 — up 9.19% from the previous year.Total housing inventory increased from the previous year – up 38.3% from a year ago.Half of the homes sold were under contract in 20 days or less, up from 11 days a year ago.40.55% of homes sold for the asking price or above, with 18.77% selling for more than the asking price. 8.04% sold for at least $10,000 over asking and 2.88% sold for at least $25,000 over asking price.The sale-to-list price ratio decreased from last month to 97.5% – down from 97.9% a year ago.New construction represented 12.36% of total home salesData Deep Dive: How's the market?
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21 November 2024 | 21 replies
Theoretically the bill would have been lower if my PM had visited and briefed the plumber prior to engaging him.
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20 November 2024 | 0 replies
These strategic improvements modernized the home, making it move-in ready and increasing its desirability among buyers.
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18 November 2024 | 2 replies
Looking back 10 years this complex had dues increase for most years at around 3% but for 2023 it was 18% and 2024 19%. 30+ year old complexes really start wearing down and many times were not the highest quality construction.
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17 November 2024 | 18 replies
You have a much more engaging discussions with clients.
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20 November 2024 | 31 replies
This form of lending is stupid to engage in, if they have 5-7 deals and don't have $25k-$35k in capital to do it then they clearly aren't succeeding with Pracer's "teachings". $25k-$35k is a joke to enter real estate with.There's very little reason to engage in transactional "gator" lending.
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19 November 2024 | 2 replies
Additionally, there is specialized equipment including diagnostic machines and hydraulic lifts.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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20 November 2024 | 14 replies
To improve cash flow and manage your current situation, here are some potential strategies:Refinance for Cash Flow: Refinance your properties into long-term fixed-rate loans to reduce monthly payments and increase cash flow.
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21 November 2024 | 4 replies
There are certainly investments you can make to increase the principal in the net 5-7 years.
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20 November 2024 | 5 replies
Seems to be a great hold that'll continue to increase in value and the debt will be getting paid down.