Brienne Metcalf
new land lord - inherited tenants
Hello,
I am a new investor in the metro Detroit area. I have been learning about real estate investing for over 5 years and finally took the first big steps this year.
I purchased a short term rental in Bellaire, M...
Neil Patel
First Multi-family purchase
Hello, I am currently in the process of closing on a 3 family home in Elizabeth NJ. I am financing the home using an FHA owner occupied mortgage. Currently 2 of the units are vacant and the 3 unit is occupied by a ten...
Ken H.
Curious where everyone really makes money
Hello may I ask of any pointers or suggestions where anyone is doing well and what strategy. I was a small investor in the past in single family homes, buy and hold, rent them out kind of thing but honestly it did no...
Rebecca Belnap
The Feds Raised the rate today
Just got an email that the fed raised the rate by .25 today. That was expected. What wasn't expected is that instead of planning to do 2 more increases in 2017, they said in the meeting that they are planning 3. I'...
Ansel Harris
FREDDIE MAC PREDICTS BEST HOUSING YEAR IN A DECADE.
just wanted to share with everyone.Is Housing Poised to Return to Pre-Crisis Glory?The recent predictions from analysts of a dark year for housing based on tight inventory combined with rapid home price appreciation a...
John Chapman
State of Washington Property Tax Assessments
I'm interested in how other counties in Washington are assessing properties. We have a new assessor in Whitman county and they are now assessing properties that have sold recently at 95% of the sale price. Previousl...
Alecia Loveless
How Soon to Raise Rents?
I closed on a terribly mismanaged 8 unit mid April. Rents are at a minimum of $450-$750 below market value. 4 of the units are MTM, 1 is currently vacant that I have a tenant lined up for at full market value as soon ...
Joey Nakayama
What would you do? Inheriting tenant with under market rent
It looks like I’ll be closing on my second 3 unit property in Chicago June 1 (finally!). Two of the units will be vacant by closing, and the third unit tenant’s lease expires May 31. This tenant would like to stay, an...
Troy B.
Dealing with older long-term tenants on a new investment
I'm in the process of closing on a duplex property where both units have 80 yr old tenants that have been living there for 15+ yrs with very low rent. The ladies keep the apartments very clean and neat but the rent th...
Jason Cory
Sales & Rental Data for the Birmingham MSA Along with a 6-month Forecast for Each
Sales Data for the Previous 6 Months
New Home Sales
November 2023
Sales: 150 (MoM: -3%, YoY: +5%)Median Sales Price: $325,000 (MoM: +1%, YoY: +8%)Average Square Footage: 2100 sq ft (MoM: +2%, YoY: +6%)Inventory: 18...