Kenny Smith
Current National Average Mortgage Rates
30 Yr Fixed - 7.07%15 Yr Fixed - 6.50%30 Yr Jumbo - 6.05%30 Yr FHA - 6.62%5/1 ARM - 6.79%Also, Fannie Mae just released their "2023 Rate Projections", and they say rates could go down as low as 4.5% next year (https:/...
Austin Stack
Holding up our Closings - The New Water Bill Legislation
Most, if not all, active investors have notice that there is a new step we have to take in order to close.We now have to wait 10 days and pay $10 to make sure there are no outstanding water bills on a property. Which ...
Mike Goikhberg
Electrical updates for 2 unit homes, AFCI, federal pacific
I'm soon closing on a 2 unit property in the city. The property has two separate panels, 150amp each. They are the older federal pacific stab-lok type. No AFCI. I plan to get it rezoned to multifam, and get the use n ...
Andrew C.
Any recent case examples re: fix-and-flip in an SD-IRA?
https://www.biggerpockets.com/...is 5+ years old. things change. Is there updated guidance on this, or recent case examples? I'm aware that I cannot, personally, do any of the work - I'd have to just buy the property ...
Zach Adams
House Hacking Taxes - Duplex 75% rented
Hi All, I have a house hack which is a duplex. I rent out the lower unit and for the upper unit, I rent 1 of 2 bedrooms. I was told that I could only depreciate 8.6% (square footage percent of the upper unit) and only...
Griffin Ashey
FHA/Conventional loans for live in properties.
I am coming out of college with the intent to go straight into investing in real estate and my question is regarding the financing for the first property. Coming out of college I will have savings for 5-10% but 20 i...
Nathan Gesner
Are rents dropping in your market? You are not alone.
https://www.zillow.com/research/october-2024-rent-report-345...
It's normal for the market to slow down in winter, especially right around Thanksgiving and Christmas. This year feels different, and I'm hearing many l...
Uchenna Nwokorie
HELLO BP!! Newbie from Washington, DC!
Hello All,
My name is Uchenna Nwokorie and I am the DC Metropolitan area. I am new to the real estate investment industry looking to gain much knowledge and reward in the business. I am eager to meet other pa...
Bryan Noth
CoreLogic Report: Single-Family Rent Growth Increased 5x
Summer Spike: Single-Family Rent Growth Increased More than Five-Fold Year Over Year in June, CoreLogic ReportsJune 2021 data shows a national rent increase of 7.5% year over year, up from a 1.4% year-over-year increa...
John Christodoulakis
Buying a property for the first time
I am looking at buying my first property, but before I pull the trigger I want to make sure that I check and ask all my questions. Is there any suggestions anyone has on what I should be asking? Ive got questions like...