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12 August 2020 | 3 replies
Following a strong performance in June, single-family home sales soared into record-setting territory in July, leaping 23.0 percent year-over-year with 10,975 units sold – a record one-month sales volume;The Days on Market (DOM) figure for single-family homes expanded from 51 to 56 days;Total property sales soared 25.0 percent with a record-setting 13,043 units sold;Total dollar volume shot up 33.8 percent to $4.1 billion;The single-family home median price set a new record high of $271,830 as it rose 8.7 percent year-over year;The single-family home average price jumped 8.5 percent to $338,350 – also an historic high;Single-family homes months of inventory was at a 3.0-months supply, down from 4.2 months last July and below the national inventory level of 4.0 months;Townhome/condominium sales were flat, with the average price up 9.9 percent to $223,190 and the median price up 12.3 percent to $183,000;Single-family home rentals rose 2.9 percent with the average rent up 1.8 percent to $1,940;Townhome/condominium leases increased 6.9 percent with the average rent unchanged at $1,659.Source: HAR
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13 August 2020 | 1 reply
https://www.har.com/content/newsroom/Houston Real Estate Highlights in July:-Following a strong performance in June, single-family home sales soared into record-setting territory in July, leaping 23.0 percent year-over-year with 10,975 units sold – a record one-month sales volume;-The Days on Market (DOM) figure for single-family homes expanded from 51 to 56 days;-Total property sales soared 25.0 percent with a record-setting 13,043 units sold;-Total dollar volume shot up 33.8 percent to $4.1 billion;-The single-family home median price set a new record high of $271,830 as it rose 8.7 percent year-over year;-The single-family home average price jumped 8.5 percent to $338,350 – also an historic high;-Single-family homes months of inventory was at a 3.0-months supply, down from 4.2 months last July and below the national inventory level of 4.0 months;-Townhome/condominium sales were flat, with the average price up 9.9 percent to $223,190 and the median price up 12.3 percent to $183,000;-Single-family home rentals rose 2.9 percent with the average rent up 1.8 percent to $1,940;-Townhome/condominium leases increased 6.9 percent with the average rent unchanged at $1,659.
12 August 2020 | 1 reply
Hi BP,I have noticed in my recent flips how expensive it can get for listing and buyer agent commission and i started taking real estate classed to help cut that expense out.My partner and I are scaling our business to add a wholesaling strategy and many wholesalers have mentioned that a license could make things sticky.Does anyone have experience or recommendations when it comes to flipping and wholesaling at a high volume when you are licensed?
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12 August 2020 | 0 replies
So far we are:Reading books- Rental Property Investing- Estimating Rehab Costs- The BRRRR Book- Rich Dad Poor Dad- Listening to the BP Podcast, (and the BP rookie podcast) almost daily- Reading the forums- Using the rental property calculator to analyze properties in our target area- Looking at listings on realtor.com and Zillow for our target area- Analyzing sold properties, Analyzing on the market properties- refining our criteria for what would make a good deal for usWe'd like to do more, but it feels kind of crazy to start reaching out to agents, wholesalers, contractors, lenders, etc this far in advance of buying.
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7 October 2020 | 2 replies
Podcast and the books answer a lot of basic questions.I listen to them daily.
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16 August 2020 | 7 replies
However, your success is very dependent on your own knowledge and drive since there isn't someone guiding you on a daily basis.
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20 August 2020 | 24 replies
But for my STR, the guests will have no clue and I dont want to go there daily to start the fire.
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24 January 2022 | 18 replies
You might be able to find someone to work on a consultant level who could help you and your wife set expectations and make a plan ahead of time.The most important part, someone needs to be able to be onsite daily.
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20 August 2020 | 6 replies
As to the llc question, that’s an attorney’s expertise but I would certainly say you can kick the can down the road on that for several years till you have more volume.