
27 June 2024 | 18 replies
Compare average rental rates to ensure the potential income will cover expenses and provide a good return on investment.

26 June 2024 | 8 replies
Within a few months you should get a good feel as to what your average occupancy rate will be.

25 June 2024 | 5 replies
:) Kristen Cabasrrus county:Local Market Update for May 2024Key Metrics 2023 2024 Percent Change Thru 5-2023 Thru 5-2024 Percent ChangeNew Listings 310 371 + 19.7% 1,416 1,613 + 13.9%Pending Sales 299 276 - 7.7% 1,400 1,291 - 7.8%Closed Sales 296 290 - 2.0% 1,153 1,172 + 1.6%Median Sales Price* $368,000 to $395,000 + 7.3% $360,000 $390,750 + 8.5%Average Sales Price* $398,575 $426,621 + 7.0% $380,709 $427,450 + 12.3%Percent of Original List Price Received* 97.7% 98.2% + 0.5% 95.9% 97.8% + 2.0%List to Close 82 79 - 3.7% 95 88 - 7.4%Days on Market Until Sale 34 26 - 23.5% 45 35 - 22.2%Cumulative Days on Market Until Sale 37 27 - 27.0% 48 38 - 20.8%Average List Price $433,005 $476,998 + 10.2% $432,125 $452,474 + 4.7%Inventory of Homes for Sale 354 469 + 32.5% -- -- --Months Supply of Inventory 1.4 2.0 + 42.9% -- -- --* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.Entire Canopy MLS Area —Cabarrus County —Current as of June 7, 2024.

26 June 2024 | 4 replies
But if you took a HELOC, which tends to have relatively high interest rates, your blended rate (the average of what you're paying on your mortgage plus the rate on the HELOC) would likely be in the same range as today's mortgage rate.You'd also only be renting out one unit, but by selling it might allow you to get more than one additional unit and still grow your portfolio.

25 June 2024 | 2 replies
She says the average water bill is about $40/month which equates to Gross income of about $1800/month currently.

25 June 2024 | 6 replies
Just cause average overall rates dropped, doesn't mean your specific loans with all the specific LLPAs dropped.

25 June 2024 | 10 replies
Properties near Dublin BART station take longer to rent and have shorter average tenancy compared to our other managed properties.

25 June 2024 | 1 reply
I see dozens of AirBnB rent roles for active listings monthly and on average, a well run STR rental generates roughly 10%+ of the properties valuation in gross annual income.

26 June 2024 | 32 replies
Once we build the relationship everything is just flowing.It'll work, but in California it may be harder because you got to factor above average appreciation so your spread between with lower downpayments/higher DTI and A to B, then again A to D may be really hard.

28 June 2024 | 100 replies
Timing in the market is not important.For number (1), debt agencies that do the due diligence process for GP syndication, only give ratings average and below average, there's only a myth that one GP would perform better than the other GP.