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24 May 2024 | 12 replies
Now it’s more than $107,000, according to the NAR.when rates were at 8% this was publishedA mortgage rate that stays around 8% means median home prices need to fall by 35%, to $265,000.If rates stay at 8% and prices at current levels, income needs to increase by 63%.
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24 May 2024 | 2 replies
Rentometer: This tool helps you determine rental rates by comparing them to local listings.
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24 May 2024 | 19 replies
I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?
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24 May 2024 | 5 replies
Real estate can appreciate overseas but you could still lose money based on currency exchange rates and strength.
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26 May 2024 | 27 replies
The challenge I asked myself was, 'Can I make money in real estate even when paying high interest rates?'
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23 May 2024 | 9 replies
The turnover rate requires effort to continue finding renters.
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24 May 2024 | 3 replies
So, yes, you can absolutely get a traditional loan using 20% down an receive a loan with lower closing costs and a lower interest rate...or you could go the other route.Hope that makes sense how I am describing it.
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22 May 2024 | 0 replies
. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical.
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24 May 2024 | 27 replies
I found Third Fed Credit Union with a great rate prime - 1.01 = 2.24% for balance over $50K.I have a great rate on my Primary home (in CA) and investment property so I don't want to do a cash-out refi.
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22 May 2024 | 7 replies
Plano, Texas has been a popular investment destination due to its strong economy, good schools, and growing population.