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5 March 2024 | 4 replies
Average weekly wages were at $1574, 7% higher than the national average.EditSignEmplyemnt was positive across nearly all categories, most notably in Education and Health services.EditSignAverage spending distribution remained lower than overall US, and despite the rapid growth in the City over the last 3 years, spending on housing costs is still lower than the national average by 11%.EditSignReal estate activity, unlike most markets, is remaining more energetic than most markets.
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4 March 2024 | 7 replies
Personally we don't do anything more than 50% leverage and right now we are right around 20% leveraged on our entire $4mm portfolio.i don't understand how people do all these 0,10-20% leverage deals and max out with little to no cash flow but have "100 doors" we have 20 doors but they are all high quality homes.Was an intensive grind and a lot of cash but I wouldn't trade our journey for anything -14 years later were at 20% leverage on our portfolio and dropping rapidly every month
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3 March 2024 | 36 replies
But overall, it was one of the best decisions I ever made and really helped to kickstart more rapid growth of my own portfolio.Good luck!
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5 March 2024 | 70 replies
Maybe you could volunteer your time, work for free for somebody who is already doing it, that will get your foot in the door and you can rapidly build knowledge and learn from that persons mistakes and not repeat them.
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1 March 2024 | 1 reply
Starting with closed sales; which have dropped 28% from what it was in the previous month, to median days on the market which have risen 13% from the previous month indicating a slowdown in the rapid pace of the market.
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1 March 2024 | 2 replies
Whereas homes are selling rapidly, indicating a strong demand and a vibrant market.
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2 March 2024 | 43 replies
Those were all due to the unforeseen and rapid rise in interest rates.
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28 February 2024 | 9 replies
My husband and I are looking to get our first multifamily in the Cedar Rapids area.
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26 February 2024 | 5 replies
We have family in Grand Rapids and we Lately started looking at Grand Rapids market since we have connections to the area and sorta familiar with it.
28 February 2024 | 4 replies
This advice is invaluable for anyone looking to navigate the complexities of real estate investment in rapidly evolving markets.