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18 June 2024 | 0 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%).Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.
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18 June 2024 | 14 replies
Angela, refinancing your property at the current lower rate (Today's 15yr fixed purchase rate: 6.8% APR) can fund a down payment for another property, enhancing your portfolio.
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17 June 2024 | 3 replies
This will allow you to indefinitely defer the depreciation recapture of the enhanced depreciation and the tax on gain from the sale.
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14 June 2024 | 0 replies
Changing the current layout from a 3/2.5 to a 4/2.5 while enhancing the master bedroom into a master suite with huge walk-in closet and bathroom.
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14 June 2024 | 3 replies
Additionally, Memphis' pro-business environment, steady population growth, and ongoing revitalization projects enhance long-term investment prospects.
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13 June 2024 | 1 reply
Diverse Amenities and Lifestyle: Katy, Texas offers a wide range of amenities, including shopping centers, restaurants, and recreational facilities, enhancing the quality of life for residents and making rental properties more attractive.
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13 June 2024 | 4 replies
Vigilance is key to protecting your financial well-being.In conclusion, while fintech innovations can enhance our banking experiences, it's crucial to remain vigilant and discerning.
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13 June 2024 | 2 replies
I actually consult with PMC that uses AppFolio.Your PM should be able to send you the owner statement that shows the consolidated summary of your portfolio.They might have to use the Owner Statement (Enhanced Report)
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13 June 2024 | 17 replies
Additionally, incorporating automated data entry software can greatly enhance the efficiency of these accounting systems.
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15 June 2024 | 87 replies
But from the procedures his firm utilizes as per his post, it seems that he provides a reasonably well thought out and “best practices” framework to enhance the success of the subject to transactions he handles. 4.