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8 March 2024 | 121 replies
We have underbuilt housing for 14 years following 2008 and now we are 3-4 million homes short (some banks say 5), that will take a decade to catch up as a nation.
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5 March 2024 | 2 replies
Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingBest of luck here at BP Nation.
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6 March 2024 | 8 replies
The position she just accepted is a 13k raise.Also, Covid really disrupted my work record, (we moved here knowing no one the day national emergency was declared and they put a hiring freeze on).
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4 March 2024 | 4 replies
Hey there everyone!I am looking to start investing in single/multifamily homes around the areas of Lehigh Valley and Western NJ. Looking to get some insight of the market and connect with other investors in the area t...
5 March 2024 | 2 replies
That is why leasing brokers like new develop deals where national tenant paying 40 to 60 bucks a foot in rent value for 200k plus a year in rent.A bigger question is WHEN the leasing fee is DUE.
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6 March 2024 | 25 replies
After the fact I tried to search the national Pacer bankruptcy database, but could find no mention of the property's owner.
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5 March 2024 | 4 replies
A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.
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6 March 2024 | 18 replies
While it can happen there have been times where we have barely kept pace with the overall national trends on appreciation.
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5 March 2024 | 5 replies
And, I'm not sure where it connects with what you wrote, honestly...The National Association of Realtors statistics is 75% of new real estate agents drop out in the 1st year, and 90% by the 3rd year.
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9 March 2024 | 261 replies
Forty years ago we had gurus, the difference was that the gurus then weren’t anywhere near as polished, their sales/marketing system wasn’t any where near as refined, and that the most they ever hit you for was “a complete system represented by 3 workbooks and 24 cassette tapes’ valued and sold nationally for $999 but if you order in the next 24 hours you can have all this for $499”.