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16 September 2024 | 0 replies
Economists note that job growth in typically underreported industries fell by 42,000 compared to the 6-month average, suggesting August’s numbers may understate actual gains.Key Employment GainsConstruction: +34,000 jobs, driven by heavy civil engineering and nonresidential trade contractors.Healthcare: +31,000 jobs, though slower than the past year's monthly average of 60,000.Social Assistance: +13,000 jobs, with more modest growth compared to previous months.Other growing sectors include financial activities, wholesale trade, and government (+24,000 jobs).Job Losses and Sector StrugglesManufacturing: -24,000 jobs.Retail: -11,100 jobs.Temporary help employment continues to shrink, reflecting business uncertainty.Wage and Fed Policy ImplicationsWages rose by 0.4% in August, up 3.8% year-over-year, supporting a cautious approach by the Federal Reserve on deeper rate cuts.
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14 September 2024 | 16 replies
Actively working on pricing as I haven't received any bookings in 2 weeks and my calendar is completely empty. thank you all!
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19 September 2024 | 29 replies
Most also rely on beefed up rents and unrealistic operating expenses in their pro-formas to justify higher sale figures and can generally take advantage of their investor clients who are not familiar with the nuances of the market.Again, my recommendation is to be more active with your earliest investments but if you feel so strongly about a particular market network and partner with the leading developers in that market.
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15 September 2024 | 11 replies
The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.
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16 September 2024 | 4 replies
If ever you are in the multi family wholeselling I’m a active buyer in Montreal and surrounding.have a great day
16 September 2024 | 14 replies
Been meaning to for a while, plan to be active.
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13 September 2024 | 16 replies
Columbus might offer better cash flow, while SoCal could appreciate faster.Consider your property management strategy—if you're not local to the property, having a reliable manager in place is crucial, especially with S8 tenants.Crunch the numbers: Make sure the deal works in your favor with or without S8 tenants, factoring in all expenses, vacancy rates, and maintenance costs.Hope this helps!
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15 September 2024 | 4 replies
He actively tries to save me money on most projects and does a lot of other work for me.
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16 September 2024 | 28 replies
Chicago REIA has over 800 member most don't do mailings or active marketing at all.
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18 September 2024 | 26 replies
You will know this by looking at Active properties in the market, and Days on Market (DOM).