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4 November 2024 | 13 replies
Everything would sell eventually, but I usually had to list it at 50%-60% of 'market value' (what it had been worth before the crash), which meant it was very important to buy it at a huge discount in the first place.Even when listing most vacant lots at a discount, the average time on the market was 6 - 9 months.
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2 November 2024 | 4 replies
They stay longer than low income cash payers on average, but they beat the snot out of your house while they are there.
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1 November 2024 | 48 replies
If your STR averages 30 days or less, this is considered transient and therefore, 39 years (nonresidential).
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1 November 2024 | 4 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
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1 November 2024 | 14 replies
Presenting average deals of : Puchase price 350-400,000.
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1 November 2024 | 22 replies
Is your rent cost lower than the average in your area due to leaving the utility cost with the renter?
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1 November 2024 | 22 replies
., the average stay in the house is less than 7 days, I manage the AirBnB myself, and spend 100 hours or more a year and more time than any other person/entity on managing my AirBnB business)?
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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 | 12 replies
@Kyle Fitch I’ve got 31 units and average about $6,000/month.
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31 October 2024 | 0 replies
It is now 2.5 years later and we have had around 92% occupancy and average cashflow of $900.00.