Ben Fichter
Looking Back at Quincy MA's RE Market 2019-2022
9 January 2022 | 0 replies
You can see in the violin plot that compared to 2019, the long tail of slow-selling properties gets visibly thinner in 2020 and 2021:The closing price vs. list price graph further highlights increasing frothiness in the market:Properties that sold for the highest percentage over list:Listed 7/17/2021 for $589,000, sold 9/8/2021 for $753,000 (27.8% over list)Listed 11/4/2021 for $399,900, sold 12/14/2021 for $504,200 (26.1% over list)Listed 7/16/2021 for $524,900, sold 8/19/2021 for $650,000 (23.8% over list)Properties that sold for the highest percentage under list:Listed 7/18/2018 for $539,900, sold 2/1/2019 for $300,000 (44.4% under list)Listed 7/27/2020 for $1,950,000, sold 11/30/2020 for $1,250,000 (35.9% under list)Listed 6/20/2019 for $749,900, sold 12.30/2019 for $530,000 (29.3% under list)Wrap UpNothing unexpected fell out of the data; prices increased considerably and the Quincy market got hot during a time of historic asset appreciation nationwide.
Joseph Godio
Rehab Financing Question
10 January 2022 | 1 reply
Refinance when done.I'd recommend a 24 month product, because the renovation & sale or refinance can take so much more time than you think.
Jacob Beg
FNMA mortgage qualification question?
19 January 2022 | 13 replies
Having removed them from my person name but still personally guaranteed by myself, could I buy 4 additional properties under FNMA investment property product?
Seth Holmen
Cash purchase to Long-Term Debt. - Illinois
13 January 2022 | 7 replies
Three is so much information about this product in this form.
Michael Noto
House Hack on a 2-Family in Southington, CT
10 January 2022 | 1 reply
Worked with Liberty Bank (local bank) who had this loan product was key for this deal.
Ryan Geisler
Infinite banking for new investor
10 January 2022 | 8 replies
Life happens and the unexpected can happen.Watch out for salespeople that are looking to put you into a product that you may not need/want. 100%+ of first year premiums are paid out on commissions to agents.
Susie Ivanov
Appraisal comes back high.
11 January 2022 | 8 replies
After a rapid ramp up to this number (from 1-7 since 2019), we're slowing down our acquisitions.
Omar E.
First investment. Is 20% down required? Any other options?
10 January 2022 | 2 replies
Those products will most likely have higher interest rates.
Silas B.
1st Rental bought....advice for 2nd Rental?
10 January 2022 | 2 replies
Or wait till a slow time (fall or winter) to purchase the 2nd one?
Mike Gerson
What is your criteria for a BRRR
10 January 2022 | 4 replies
A class is too expensive and gets hit first if the market slows.