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18 December 2023 | 4 replies
Here are some latest stats:1️⃣ 84,350 single family homes and condos in the U.S. were flipped in Q2 20232️⃣ The % of flips representing all home sales slightly went down in Q2 20238% of all home sales in Q2 2023 vs 8.9% in Q2 2023 vs 9.9% in Q1 20233️⃣ Despite that drop, the median $308,500 resale price of homes flipped nationwide, generated a gross profit of $66,500 in Q2 2023 above the median investor purchase price of $242,000Q1 2023 - $56,250 gross profit (up by ~18% in Q2 2023)Q2 2022 - $102,063 gross profit (35% down in Q2 2023)4️⃣ The typical gross flipping profit translated into 27.5% ROI in Q2 20235️⃣ Typical home flipping returns increased quarterly in 2/3 of nation, led by Trenton, NJ, Akron, OH, and Montgomery, AL6️⃣ The largest investment returns on typical home flips among metro areas with a population of at least 1 million in Q2 2023:👉 Baltimore, MD (79.3 percent)👉 Philadelphia, PA (76.9 percent)👉 Rochester, NY (76.2 percent) 👉 Richmond, VA (75.5 percent)7️⃣ The weakest returns on typical home flips among metro areas with a population of at least 1 million in Q2 2023: 👉 Austin, TX (3.3 percent loss)👉 Phoenix, AZ (4.9 percent gain)👉 Salt Lake City, UT (6 percent gain)👉 Dallas, TX (6.7 percent gain)👉 San Antonio, TX (6.8 percent gain)8️⃣ Of the 84,350 U.S. homes flipped in the Q2 2023, 11.9% were sold to buyers using loans backed by the Federal Housing Administration (FHA), marking the fourth straight quarterly gain.9️⃣ The average time it took from purchase to resale on home flips rose to 178 days in the Q2 2023.
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15 December 2021 | 5 replies
@Conor Rose if they’re on a month to month lease you don’t have to evict.
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11 August 2023 | 49 replies
For example, if I have a policy for my $300k property and a little old lady presents legit title (maybe mine was based on a forgery?)
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9 January 2020 | 8 replies
In a way I want to help this lady out more than anything so I am trying to work my magic.
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12 July 2017 | 109 replies
The lady was a paralegal, and knew the system.
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22 June 2023 | 8 replies
There is drainage (ditches) all around the block and my home has gutters taking water away from the house, but seems the rain storm cause a flood around my house where the water level rose above the slab line and creeped in under the walls.
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3 June 2021 | 8 replies
Any info or contacts would be greatly appreciated. thank you.happy mother day ladies!
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21 June 2021 | 7 replies
Originally posted by @Lady Stephanie Vasquez:I’m new to having to rent out my whole house or just renting out a room, either way I would need a lease agreement, any samples from experienced landlords please?
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13 December 2023 | 0 replies
https://www.har.com/content/newsroom/Houston Real Estate Highlights in November, 2023:-Single-family home sales rose 4.9 percent year-over-year, the first increase in 19 months;-Compared to November 2019, before the pandemic, sales were down 3.2 percent, and compared to November 2018, five years back, they were statistically flat;-Days on Market (DOM) for single-family homes went from 48 to 47 days;-Total property sales rose 3.7 percent with 7,472 units sold;-Total dollar volume was up 7.5 percent to $2.9 billion;-The single-family median price fell 1.2 percent to $326,000;-The single-family average price rose 1.0 percent to $404,597; -Single-family home months of inventory registered a 3.5-months supply, up from 2.8 months a year earlier – the highest level since November 2019;-Townhome/condominium sales experienced their 18th straight monthly decline, falling 3.0 percent, with the median price up 11.4 percent to $245,000 and the average price up 7.3 percent to $272,382;-Compared to pre-pandemic 2019, townhome and condominium sales were down 9.6 percent.
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2 August 2021 | 50 replies
The wheels of justice turn slowly but he will meet Lady Justice soon.