10 May 2021 | 61 replies
States with the highest foreclosure rates were Delaware (one in every 1,705 housing units with a foreclosure filing); Illinois (one in every 2,175 housing units); Florida (one in every 2,237 housing units); Indiana (one in every 2,397 housing units); and Ohio (one in every 2,500 housing units).Among 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in Q1 2021 were Lake Havasu City, Arizona (one in every 518 housing units); Provo, Utah (one in 1,280); McAllen, Texas (one in 1,297); Shreveport, Louisiana (one in 1,353); and Atlantic City, New Jersey (one in 1,441).Other major metros with a population of at least 1 million and foreclosure rates in the top 50 highest nationwide, included Cleveland, Ohio at No.6, Birmingham, Alabama at No. 9, Jacksonville, Florida at No. 12, Miami, Florida at No. 34, and Riverside, California at No. 39.Foreclosure starts increase 3 percent from last quarterLenders started the foreclosure process on 17,652 U.S. properties in Q1 2021, up 3 percent from the previous quarter.Those states that saw the greatest quarterly increase in foreclosure starts and had 500 or more foreclosure starts in Q1 2021, included California (up 36 percent); Ohio (up 25 percent); North Carolina (up 15 percent); Virginia (up 11 percent); and South Carolina (up 10 percent).
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20 April 2021 | 16 replies
@Michael Tuck the 1% rule has long been gone in most major metros for a "turn-key" investment.
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13 May 2021 | 25 replies
It was originated by someone I knew when his company sold a turnkey rental property to an investor. 7% face rate and I paid par. I
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22 May 2021 | 10 replies
Would love to chat with anyone who has bought in the last 2-3 months and hear what you found.I'm looking for SFH in good condition in either Cabot / Austin / Ward / Sherwood / Benton / Bryant / Alexander.But also beginning to think about MFH in Little Rock metro for the first time.BestNick
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30 May 2021 | 7 replies
If you're looking for general market data on metro level, redfin.com has a great dashboard in their data center.
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22 April 2021 | 7 replies
I'm a real estate agent in the metro Atlanta area, maybe we could have connect for a talk one of these days.
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19 April 2021 | 1 reply
My team is struggling to find deals in the Minneapolis metro where we're based right now, and I'm looking for suggestions on how to find more deals.Some fast facts about our team right now:-I'm the only cold caller.
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30 April 2021 | 10 replies
Metro Detroit offers many options for meeting the 1% Rule and relatively high ROI.The two most common mistakes we see investors make, over & over again, are:1) Not understanding and running their own ROI numbers2) Not having a clear understanding of the type of asset a property isIn our opinion, your best team member should be your Property Management Company (PMC).
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23 April 2021 | 10 replies
I will add I am ultimately trying to achieve on lowering my cost of living, and I understand that I will not be cash flowing immediately as I am in Portland, OR and I plan on purchasing in the Portland Metro Area.Any kind of guidance on how to go abuts to analyze correctly for that would be truly appreciated.