![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1752591/small_1695663547-avatar-andrewn188.jpg?twic=v1/output=image&v=2)
30 June 2020 | 23 replies
How do you find the percent return on your money?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/141345/small_1683984907-avatar-realestateress.jpg?twic=v1/output=image&v=2)
15 June 2020 | 0 replies
https://www.har.com/content/newsroom/Houston Real Estate Highlights in May:-Single-family home sales fell 20.2 percent year-over-year, with 6,671 units sold, marking the second straight month of declines fueled by the COVID-19 pandemic;-The Days on Market (DOM) figure for single-family homes grew from 54 to 58 days;-Total property sales dropped 20.7 percent, with 7,917 units sold;-Total dollar volume dove 25.9 percent to $2.23 billion;-The single-family home average price fell 7.4 percent to $298,199, the first decline since January 2018;-The single-family home median price was statistically flat at $249,000;-Single-family homes months of inventory was at a 3.5-months supply, down from 4.1 months last May and below the national inventory level of 4.1 months;-Townhome/condominium sales dropped 36.0 percent, with the average price down 2.3 percent to $206,146 and the median price up 2.9 percent to $175,000;-Single-family home rentals jumped 11.9 percent with the average rent down 2.8 percent to $1,822;-Volume of townhome/condominium leases fell 4.6 percent with the average rent down 4.6 percent to $1,586.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/622376/small_1621494005-avatar-lloyds4.jpg?twic=v1/output=image&v=2)
15 June 2020 | 0 replies
In light of these developments, the Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/610596/small_1694562593-avatar-rickg32.jpg?twic=v1/output=image&v=2)
18 June 2020 | 11 replies
They keep moving it. ..Title Creating Chapter 193 of the Legislative Code (Title XIX) pertaining to Tenant Protections...BodySection 1WHEREAS, under City Council RES 89-1273, the Council directed the creation of a fair housing workgroup to make policy and budget recommendations “with the goal of eliminating housing disparities, lowering barriers to affordable housing, and ensuring access to economic opportunity in the City of Saint Paul”; andWHEREAS, under City Council RES 17-2064, the Council directed the development of a fair housing strategic plan “to continue to research and work with housing partners on strategies to further Fair Housing goals such as...improved tenant protections, Tenant Remedies Actions, Advance Notice of Sale policy, gentrification studies, just cause eviction, non-discrimination policies, and others”; andWHEREAS, under City RES 18-1204, the City Council acknowledged that “the housing crisis in our city and region, and the urgent need to address the crisis as our population grows,”; and WHEREAS, in 2019 the City created the Affordable Housing Trust Fund, with five objectives: to meet the needs of those with the lowest incomes by increasing supply; to invest in low and moderate income residents by investing in existing supply; to explore innovative approaches to meeting housing needs; to build wealth for residents and communities; and to promote fair access to housing for us all; and .WHEREAS, in 2019, the Office of Financial Empowerment, which housed the Fair Housing Coordinator Position, was created and subsequently developed the framework for a citywide fair housing strategy identifying decreasing housing displacement, increasing housing access and affirmatively furthering fair housing as the overall objectives; and WHEREAS, Tenant Protections is one of four focus areas including education and engagement, enforcement and compliance, and preservation and production, to address strategy objectives based on the current housing landscape; andWHEREAS, stagnant wages, skyrocketing rents, a lack of affordable housing, and a consistently low housing vacancy rate are making it harder for Saint Paul residents to find housing and to afford it over time; and WHEREAS, the number of renters has increased by 12 percent from 2000-2016 and the City of Saint Paul has now become a renter-majority city, with 51% (57,621) of City residents being renters; and WHEREAS, renters are disproportionately people of color and are disproportionately representative of individuals from low wealth backgrounds; andWHEREAS, demographically 83% of African-American households are renting, compared to 41% of White households; and WHEREAS, more than half of our renter households earn 60 percent or less of the Area Median Income, and more than half of our renter households of color earn 30 percent or less of the Area Median Income; andWHEREAS, in St.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1227124/small_1694580197-avatar-edwardd56.jpg?twic=v1/output=image&v=2)
16 June 2020 | 1 reply
I bought a two family for $430,000 (30 year mortgage 3.37 percent) in Boston in 2013 and renovated it, approx $100,000 renovation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/851702/small_1695611853-avatar-nathand38.jpg?twic=v1/output=image&v=2)
16 June 2020 | 6 replies
That’s the net profit after putting aside about 25 percent of the rent for expenses like that.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1794039/small_1621515613-avatar-parasn.jpg?twic=v1/output=image&v=2)
19 June 2020 | 8 replies
Virtually zero percent chance I will ever use a property manager that marks up the maintenance cost; that's just asking for trouble, and costs to get out of control.
27 June 2020 | 14 replies
Their agreement is 8% of rent and half a months rent fee to find a new tenant, but they also charge a percent of any maintenance that is done on the property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/749936/small_1694591771-avatar-dantem1.jpg?twic=v1/output=image&v=2)
20 June 2020 | 8 replies
But that's because we're familiar with materials for using, and if we're off by a few percent, it's not going to make a difference in terms of whether were profitable or not.But a good general contractor has to do a whole lot more work to get an accurate estimate for your job.