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2 March 2025 | 1 reply
The average rate on a 30-year mortgage slipped slightly to 6.76% from 6.85% last week, according to mortgage buyer Freddie Mac.The number of homes actively for sale grew 27.5% compared to last year, the 16th straight month of growth.Newly-listed homes increased 4.2% year-over-year.The median price of homes for sale in February fell 0.8% to $412,000.Realtor.com also reports a growing number of listings with price reductions, with 16.8% of sellers cutting prices in the month of February.How long before we hit equilibrium?
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12 February 2025 | 5 replies
Framing, plumbing, electrical, HVAC etc.It was a rotten slow slog.
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17 February 2025 | 0 replies
Faced with these burdens, many owners choose to limit their renovations to cosmetic work or, worse, proceed without permits to avoid triggering the requirement.This raises a crucial question: which is safer—a fully gutted and renovated building with modern electrical and heating systems, rebuilt to 2025 code but without sprinklers, or a building where the original, outdated wiring and heating systems remain in place because owners chose to avoid triggering costly sprinkler requirements?
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18 February 2025 | 12 replies
I am trying to find some off market Multifamily since a lot of the good deals seem to be done before hitting the market especially when it comes to Multifamily.
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12 February 2025 | 6 replies
Some areas have restrictions on mobile homes or rentals.Utilities: Ensure the land is equipped with essential utilities like water, sewer, and electricity.
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1 March 2025 | 7 replies
But the minute you do , every agent will be hitting you up to list it .
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24 February 2025 | 2 replies
If I stick with my numbers and I'm trying to buy a duplex that rents for $3000 in today's 7.25% interest scenario, I'd have to not exceed $154,000 of debt at that interest rate in order to hit my numbers.
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24 February 2025 | 72 replies
Quote from @Dan Zambrano: Hey all,After thinking it over I decided to create a new thread.I am a small time passive real estate investor who has ambitions to expand greatly, first to $20M and perhaps maybe more. i guess I will give a little bit of background on my journey up to now.I am 38 y/o, Electrical Engineer by day, Architectural enthusiast by night.
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19 February 2025 | 17 replies
They may get paid on the 3rd and need to not initiate a payment until their paycheck hits their account to avoid being overdrawn.I personally have a 5 day grace period and rent is considered paid when the transfer is initiated.
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22 February 2025 | 4 replies
Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.