For everyone interested in understanding the Memphis, TN market conditions I suggest subscribing to the Chandler Reports Below is their report for August:"August Real Estate Update Home Sales Memphis and Shelby County...
In the eyes of the lender (specifically for cash-out refinance), are single family home portfolios based on the income they produce? or strictly comparable properties?Example: You buy 20 duplexes for $75k each on the ...
In need of some direction....My fiancé and I both own homes. We'll be getting married in a year. He is going to sale his townhome and we were thinking of keeping mine and renting it out. With that being said we're lo...
Hello BP Members,I have a question about analyzing for sale by owner properties.When it comes to the comps do you only consider properties that are over what the owner is asking? Or do you consider all properties that...
Hi, everyone. Quick question: What are your thoughts on purchasing a rental property in an area that has new construction apartments going up? The area seems to be on the rise, but I’m afraid that a rental property, ...
The July 2022 numbers from the Austin Board of Realtors show the Austin metro market continuing to cool and stabilize in response to high inflation, higher mortgage interest rates, record high home prices, and a possi...
I am in the process of having a duplex refinanced in Ft. Wayne, IN. When I look online I see nearby duplexes that have sold at a price that would substantiate my value in the $180k-$200k range. However, those duplex...
One author recommends replacing the roof on houses that you are going to BRRRR. The logic behind this is that the appraiser will give more value to the home and you have just affectively financed a new roof. If that h...
I am trying to find comparable properties for a San Antonio 4 bedroom and 4 bathroom multi-family duplex and struggling to find comparables in the market.
My process is to:
1. Go on Zillow
2. Select Recently Sold...
What is the best method to evaluate a multi unit home? I am in the process of educateing myself and maybe reading to may books to fast (information overload). Sooooo? what is it Cap rate, Sq/Ft compareables, Price com...