By Tony Youngs As I go to various states pursuing distressed property acquisitions, I am finding an uptick in the number of sellers that are willing to sell their off-market properties. These include probate situations, tired landlords, elderly moving to assisted living, vacant properties, bankruptcies, and pre-foreclosures. The problem is, sellers still have the impression their homes are worth a lot...
By Brad Beckett We've had several posts about interest rates over the past few years. Today's graphic from the Visual Capitalist reminds us that the 30-year fixed-rate mortgage has reached its highest level since 2002. They say that with rising home prices and tight inventory, affordability is now at its lowest point in history. As always, stay safe and have a...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Inflation Running at 3.7% Year Over Year The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in September, 2023. Click here to...
(by Robert [TN] State Specific Question About: TENNESSEE (TN) A prospective Tenant is asking if we would allow two birds that stay in a cage? Any thoughts or past experience is appreciated. Seems kind of harmless, but I nothing to base this on. Allow birds? (by Jim in O C [CA] Increase the deposit like any other pet. I had one tenant that...
By Brad Beckett The Daily Infographic says there are many great fast-food chains in America and they’ve become a staple of our culture - they rightly say there's something for everyone! So, which ones are really the most popular, based on the bottom-line? Today's chart illustrates just that....and if you've ever seen the crowds and the clockwork efficiency of a Chick-fil-A...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website U.S. Construction Spending Up 0.5% in August The U.S. government is reporting that total construction spending in August, 2023 was at a seasonally adjusted annual rate of $1,983.5 billion, which is 0.5% higher...
By Scot Aubrey When Summer hits, I look forward to slipping on my waders, stepping into a river, and casting my fly rod in search of that trophy fish. But before I do, I always go through a list of things to prepare me for success. I check the local regulations and consult the local guides and experts to see where...
By Jeffery S. Watson An oft-repeated phrase in many of the circles in which I work is “your net worth is your network” (or vice versa). Over the last few months, I have seen that come to fruition in a greater and more exciting way than ever before! Some of the people I consider to be dear colleagues in the real...
Your weekly news & updates Here is this week's "Weekly Roundup" from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association. Visit our Website Pending Home Sales Fall 7.1% in August The National Association of Realtors is reporting that pending home sales fell 7.1% in August, 2023. Click here to read more. NAR’s Yun Says Mom & Pop Investors...
By Brad Beckett The Visual Capitalist says there’s an old saying: everyone thinks that they’re middle-class. However, they say that many of them are actually in the top 1%. Citing data from SmartAsset, today's graphic illustrates hoe much household income is needed in each state to be part of this exclusive club. As always, stay safe and have a Happy Friday!!!