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14 December 2020 | 1 reply
Markets. (3)In this one hundred and seven page report, Austin landed in the number one spot for Overall Real Estate Prospects and number six in Homebuilding Prospects.Texas Economic OutlookTexas has been a powerhouse for the U.S. economy producing 9% of it’s GDP, 10% of manufactured goods, is the #1 producer of oil & natural gas, and Texas accounts for 20% of U.S. exports.Texas saw steady growth for 137 months until COVID-19 caused a decline in the economy.With weekly unemployment claims peaking at over 300,000 and a total 3.8 million jobless claims between March 15 to Nov 14, Texas was in unchartered territory.(2)The two most recent economic downturns in Texas — Hurricane Harvey 2017 and 2008 Great Recession — peaked at a fifth of that number with 60,000 claims.There are positive, rebound type numbers indicating a comeback — like Jobless claims declining to 6.9 percent in October, with a forecasted unemployment decline to 5.6 percent for 2020. (2)The most important indicator economist reference when identifying a true recovery is manufacturing output, which is just beginning to recover after steep declines in second quarter. (1)So Are We in a Recession?
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14 December 2020 | 0 replies
But the differences between the two are important and consequential to the overall readiness of a prospective buyer with regard to the mortgage process.
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18 December 2020 | 12 replies
I tend to be more optimistic of San Antonio's future prospects in the Real Estate space.
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17 December 2020 | 7 replies
At the same time, I understand that rents would decrease during the pandemic due to the lost wages of the prospective tenant pool who is likely skewed towards retail, hospitality and other industries affected disproportionately by the COVID economy.
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15 December 2020 | 2 replies
The document is free and provides prospective investors a basic foundation into the world of Real Estate Investing.
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15 December 2020 | 2 replies
They are considering buying a house here, but my mother wants to rent first to see how she feels about Arkansas and look at houses.I am intimidated by the prospect of becoming a landlady and thought that it would be a good opportunity for me to ease in to it by renting to my parents as my first tenants.
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16 December 2020 | 6 replies
I have a question about the following line in the book:"Also realize that when you start prospecting for pre-foreclosure properties the majority of homeowners you speak to will owe more than the property is actually worth"... and continues to say a short sale will need to be negotiated My question: How is that possible to owe more than the property is worth?
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7 January 2022 | 14 replies
Hi!
Just wanted to know if self-showings are the trend or popular way of showing rental properties now? Ex: Rently etc. I wanted to get your insight if you either use this method or know your property manager uses i...
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16 December 2020 | 2 replies
My motivation: The property makes sense for me b/c of the particular layout and existing infrastructure..it is the only property that I'm aware of in the entire County that I can use for a specific non-profit purpose that I've been looking for.My concern: I've made a couple offers and purchased a few residential/multifamily properties, but I'm definitely more intimidated at the prospect of dealing with the state and/or a commercial broker.
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23 December 2020 | 3 replies
1) Yes, most PMC's take 1-4 unit properties2) The more you can leverage, assuming you have enough reserves, the better.3) Don't have Realtors screen prospects!