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15 June 2020 | 0 replies
https://www.har.com/content/newsroom/Houston Real Estate Highlights in May:-Single-family home sales fell 20.2 percent year-over-year, with 6,671 units sold, marking the second straight month of declines fueled by the COVID-19 pandemic;-The Days on Market (DOM) figure for single-family homes grew from 54 to 58 days;-Total property sales dropped 20.7 percent, with 7,917 units sold;-Total dollar volume dove 25.9 percent to $2.23 billion;-The single-family home average price fell 7.4 percent to $298,199, the first decline since January 2018;-The single-family home median price was statistically flat at $249,000;-Single-family homes months of inventory was at a 3.5-months supply, down from 4.1 months last May and below the national inventory level of 4.1 months;-Townhome/condominium sales dropped 36.0 percent, with the average price down 2.3 percent to $206,146 and the median price up 2.9 percent to $175,000;-Single-family home rentals jumped 11.9 percent with the average rent down 2.8 percent to $1,822;-Volume of townhome/condominium leases fell 4.6 percent with the average rent down 4.6 percent to $1,586.
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7 July 2020 | 9 replies
Guests are coming back, and we have alternative solutions for all of our clients and ourselves.
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3 July 2020 | 4 replies
Perfect for small lots and not having to store/mix fuel is great.
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18 June 2020 | 42 replies
As a side note, I'm a middle market multifamily guy...but talk to owners in my market all the time following the program having great success...managing 100+ doors all on that modelAlways great to have an alternate worst case scenario plan..in case your municipality does away with STRs...If the City of Boca Raton allowed them, I'd acquire way more deals..
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16 June 2020 | 1 reply
Alternatively you can 'condo' the two family into independent units so valuation is higher for the cash out refi as long as you're OK not having a ton of cash flow but more cash in your pocket.
27 June 2020 | 14 replies
If you are going to brrr a better alternative is hire a 3rd party home inspector prior to bringing in a pm or paying your gc his final payment and make sure its a good amount for the gc.
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16 June 2020 | 1 reply
Alternatively, if you're going to have a lot of properties that you need to obtain ownership information for, you might want to consider utilizing a paid service like Property Radar or Property Shark.
22 February 2021 | 24 replies
Over half (56%) reduced spending so they could service mortgage payments.Since mid-March, or about the time when the lockdowns began, nearly half (47%) of homeowners have explored alternative ways of making money.
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21 May 2021 | 13 replies
Your alternative is to learn the work of fixing decrepit 100-year-old properties yourself, and even then you'll find difficulty hiring reliable helpers to help you with larger jobs.BTW, this is not an advertisement.