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29 March 2024 | 75 replies
I feel that the property tax rates are a little high 2.77% and 2.78% but I'm still cash flow positive despite the large property tax increase on SFH#1 (owned for 10 years).
29 March 2024 | 0 replies
This blog explores the potential changes and how they might affect your investments.National Landscape: Potential ChangesLawsuits alleged NAR policies stifled competition, inflating realtor fees.The settlement could lead to a more open market with:Discounted commissionsTiered commissions based on property valueFlat feesHourly billingOklahoma City ImpactShort-term: Uncertainty, market fluctuations.Long-term:Increased inventory from lower seller closing costs.Shift towards value-added realtor services like targeted marketing and expert negotiation.Technology-driven platforms may offer lower-cost alternatives.Proactive Strategies for InvestorsStay informed about market trends and commission structures.Build relationships with experienced real estate agents.Negotiate commission rates strategically.Focus on long-term investment goals.Conclusion: Adapting to the Changing LandscapeThe national shift in real estate commissions signals a period of potential change for the Oklahoma City market.
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29 March 2024 | 4 replies
The home is priced at $430,000, with an existing mortgage of $350,000 at a 3% interest rate.
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28 March 2024 | 13 replies
Looking for 80% leverage on LTV to be out of pocket $68,000 and long-term holding rates in the 6-7%.
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28 March 2024 | 20 replies
I've now had 4 banks get back and say they only offer up to 25 year amortization and 5 year rate terms.
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28 March 2024 | 5 replies
House hacking is tough to cashflow in year one (with current house price run-ups and interest rates) for a couple reasons:1.
28 March 2024 | 3 replies
I contacted the city of Edmonton and was informed that moving a mobile home is treated the same as building a new home, and all the following applies:Development Permit ApplicationCombined Building, Mechanical PermitBuilding & Mech Safety CodesWiring Electrical PermitUnderground Service Cable PermitElectrical Safety CodesConstruction Water Rates 44¢/$1000 Construction Value Sanitary Sewer Trunk ChargeLot Grading FeeTo my knowledge, unlike a new home, all we would be doing is reconnecting the infrastructure, and considering that no modifications are to be made to the existing plumbing, electrical, sewer or the lot itself, so do all those permits apply?
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28 March 2024 | 22 replies
Based on previous Expedia Group testing, this new feature helps drive higher conversion and click through rates on listings."
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29 March 2024 | 12 replies
Examine your current mortgage, spending, savings, and extra money for investments or a down payment to determine your current financial status.Explore the local market by conducting market research and examining demographics, economic trends, rental and vacancy rates, and property pricing.
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29 March 2024 | 21 replies
If you’re trying it with property already being publicly available, the task just became geometrically more difficult with a similarly lower success rate.