18 April 2019 | 7 replies
Does any BP'ers living in these areas, see this info as jiving with their local analysis. 10 Cities In Danger Of A Housing Crash This YearBy Jade Scipioni Published April 08, 2019 With Manhattan real estate reporting its longest losing streak in 30 years, and its worst first quarter since the financial crisis, according to Douglas Elliman, it’s no surprise that many cities around the country are in danger of a housing crash this year.According to a new report released Monday, more than 40 U.S. cities are nipping at the heels of a potential housing crisis especially in “old” Northeast and Midwest cities.To determine which areas are heading toward a housing crisis, GoBankingRates.com analyzed data on 175 of the largest U.S. cities.Researchers then used key factors, including the percentage of homes with mortgages with negative equity (also known as “underwater”), meaning the home is currently worth less than the total cost of the mortgage, along with city’s mortgage delinquency rate from Zillow’s February 2019 index.Additionally, the personal finance website calculated each area’s homeowner vacancy rate and rental rate using data from the Census Bureau’s 2017 American Community Survey combined with foreclosure rates from RealtyTrac.To make the list, cities had to have rates of negative equity in excess of 8.2 percent, which is the current the U.S. national average rate of homes “underwater.”Here are the top 10 cities in the most danger of a housing crash this year. 1.
8 April 2019 | 0 replies
I was inputting some sample property data into the rental calculator, and as a newb, need some insight on how some metrics are calculated.
10 April 2019 | 19 replies
She has aggregated data on trillions of dollars of mortgage debt, and prices according to the risk that data says exists. 2.125% of loan amount less @ 75% LTV, 3.375% @ 80% LTV, a tad over 4% @ 85% LTV.
20 April 2019 | 9 replies
It's a bit of investigative work, because most likely you will find that most or all of these properties of this size will be held by an LLC or a corporation -- from there, you can proceed on trying to find names behind those companies by searching in the Secretary of State filings in the state of which that company was formed.Once you have your list, start calling or mailing.If you don't want to spend the time doing this on your own, there are subscription based services out there that aggregate this data for you, but of course for a price.
9 April 2019 | 14 replies
Your reasons could be shored up a bit with data.
10 April 2019 | 4 replies
It turns out they're no longer receiving Foreclosure/NOD info from the county (at least where I live), so all they have is generic homeowner leads--not a good investment.I'm looking for a suitable replacement, that a) doesn't cost too much more (ie. under 50 cents per lead)b) specifically offers NOD and/or pre-NOD (preferably both) with custom zip codes and other criteriaThe ones I've come across that fit this are:- Consumer Data Leads (CDL)- www.yellowlettercomplete.com *- www.yellowletterhq.com ** Note: I plan to create my own yellow letters (as it's cheaper than having them pre-made), but these websites also have options to buy leads.I'm curious, but also skeptical...none of these businesses will say exactly how these lists are obtained (from a broker, directly from the county, etc.).Anyone have experience with the ones cited above, or any others?
9 April 2019 | 0 replies
Me and my Team created a share point with numerous data and we have designated responsibility on what to provide to make the best/correct decision.
9 April 2019 | 3 replies
Then attending local REIA meetings, but being careful to really just gather data and not get caught in the negativity or personal opinions of other investors. :)
9 April 2019 | 1 reply
I am finding it frustrating to find and collect all of this data, not to mention I don't really know what I am looking for yet.