Frank Barletta
Houston: F the Weather but invest anyways.
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.
James V.
should I sell condo because HOA has no money to do repairs?
17 June 2024 | 6 replies
Condos come with less responsibilities and more convenient to own and use as rental, but history and market trend has shown Single family residential, comes with more equity appreciation and higher Cash flow.
Vicky Karan
Ground Lease or Sell outright
16 June 2024 | 0 replies
Have couple of offers to buy, one is convenience store and the other is storage company.
Priya Gohil
Help Picking a Market
18 June 2024 | 14 replies
Over the last decade, that gamble paid off and significantly helped grow my net worth and investable cash.
Daniel Colon
Lender won't let me move the property to my LLC
19 June 2024 | 32 replies
The CFPB does define "conventional loan" as "any mortgage loan that is not insured or guaranteed by the government (such as under FHA, VA or AG programs)", conveniently leaving out the guaranteed money that Fannie Mae and Freddie Mac enjoy as pseudo governmental agencies, but no one that does DSCR loans cares what the CFPB calls their loans because they don't govern DSCR.I'm a broker.
Collin Hays
Smokies "hiney showing" thread
22 June 2024 | 129 replies
Or you have to be the lowest barrier of entry-- meaning really convenient price and easily accessible location.
Carlos Ptriawan
as unemployment would be 100% going up next year and higher chance of recession
20 June 2024 | 245 replies
That's gambling people.
Kyle Smith
Am I crazy for building a new cabin in Gatlinburg?
14 June 2024 | 28 replies
My gamble is, about the time I get this cabin designed and built, the Airbnb market is back on the upswing.
Ethan Piani
24 y/o with $120,000.00 --> Need advice
15 June 2024 | 32 replies
The location is fantastic and conveniently close to my market.
Michelle Golden Champ
Fix & Flip 2745 Lay Ave Knoxville, TN
11 June 2024 | 1 reply
The updated kitchen boasts all new stainless steel appliances, quartz countertops, ample cabinet space, with soft close cabinets, a pantry and a convenient breakfast bar.