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16 December 2021 | 5 replies
The number of new listings in the Philadelphia Metro was down 12.9% compared to last October, while sales activity saw a 5.9% monthly decline.Median Sales Price: $304,000 in October 2021, a 9.0% increase over October 2020Overall Sales: 7,834 homes sold in Metro area, down 12.8% from October 2020Median Days on Market: 11, +1 day from SeptemberBuyer demand for homes in the Philadelphia Metro market area was unchanged in October.
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16 November 2021 | 8 replies
If I'm still unsure...Ask a property manager, a realtor, other landlords in the area, search rental listings like you were searching for a rental comparable to yours then adjust up/down based on your condition and amenities.
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15 November 2021 | 4 replies
I was definitely having difficulty justifying 50% down to yield something comparable to a savings account.
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27 November 2021 | 22 replies
Revenue growth isn't tied to interest rates, it's tied to supply and demand in the rental market, plus what other comparable properties are charging.
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12 November 2021 | 3 replies
Look at mobile homes that are that age already and see what they are valued at and compare to their original purchase price.Is this located in a mobile home park?
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17 November 2021 | 9 replies
What are the advantages/disadvantages compare to other types of real estate investing.
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15 December 2021 | 30 replies
Paying an attorney is still a bargain compared to a problem tenant.
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15 November 2021 | 4 replies
Tell them to look at local listings which are comparable in terms of rooms.
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8 December 2021 | 1 reply
Compare an extra hundred bucks a month to having to do a $10-15k renovation now, between tenants, and in a year after the new tenant leaves.
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20 December 2021 | 5 replies
All of these factors will pay off disproportionately over time compared to what it took to get them and is worth the time.