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31 October 2024 | 12 replies
A challenge we’re all facing is balancing profitability with the higher cost of borrowing.What type of loan programs are you offering right now, and how flexible are you with structuring deals that involve short-term flips or long-term buy-and-hold strategies?
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31 October 2024 | 5 replies
Investors here often find properties at lower entry prices than in other markets, with a good balance of appreciation and stable tenant demand.
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31 October 2024 | 0 replies
Total Active Listings: 2,349 (up 17% over last year)Total Pending Listings in the Last 7 Days: 248 (1% down from last year)Total Sold Listings in the Last 7 Days: 139 (1% down from last year)Average Days on Market: 40 (vs 36 last year)Average Sales Price: $359,167 (vs $335,323 last year)Number of Price Reductions in the Last 7 Days: 688 (vs 606 last year)Sales to List Price Ratio: 97.6 (vs 98.83 last year)Number of Expired Listings in the Last 7 Days: 152 (exactly the same as this time last year)Number of Agents: 8,518 (150 less than last year)Interest Rates: About 7% (vs 7.875% this time last year)Key takeaways: We're seeing more active listings and price reductions but less pending sales, resulting in a shift from a seller's market to a balanced market.
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31 October 2024 | 4 replies
It sounds like you've got a great balance going.Feel free to dive into the forums, ask questions, and share your experiences.
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3 November 2024 | 15 replies
This means there are no checks and balances to ensure all your transactions are entered correctly.
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4 November 2024 | 33 replies
On balance, I have found that appraisals I've had done tend to undervalue on purchases and come in right or overvalue on refi's.
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1 November 2024 | 19 replies
Hello, Steve Schmidt, selling a partial note can be a great way to generate some immediate cash flow while retaining ownership of the remaining note balance.
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31 October 2024 | 9 replies
Your initial post was unclear whether the water bill was $2k/month or if the balance was $2k because they weren't paying you for it.
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1 November 2024 | 8 replies
Here's shot, but I can't vouch for the color balance.