All Forum Posts by: William Hull

Fantastic Investment opportunity in Lawrence Township neighborhood Sheridan Heights! This is Lawerence Township Schools too!

It is a single family home with 3 bedrooms, 1 bath and 1 car attached garage! The house has great bones, just requires a nice rehab. After the rehab the house will be like new and should pull in $825 to $850 in rent and still have some nice equity in the house.

All cash, as is, buyer pays all closing costs.

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Beautiful 3/1.5 in Washington Township! Gorgeous hardwoods. 2 car detached garage. Unfinished attic and unfinished walk-out basement. Endless opportunity to finish other levels for retail or use as a rental. Corner lot. Newer Roof! 

Roof - 3 years
Furnace - 5 years
Water heater - 5 years
Vinyl windows
Updated 200 amp electric

All cash, as is, buyer pays all closing costs.  

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Rent ready 2 bedroom on Indy's near westside. Recently updated, including new carpet, furnace, water heater. Perfect rental opportunity. Rents around $695.

100 amp electric

Roof - 10 years

Windows - Wooden

Water Heater - new

Furnace - 3 years

All cash, as is, Buyer pays all closing costs.

Click here for more PICTURES!

Click here to watch the VIDEO!

In a study conducted by Zillow and LinkedIn, it was determined that, for West Coast Tech workers, Seattle is a better option when considering living expense to income ratio. Housing and employment data were analyzed by combining information about job listings and salary with the percentage of those hired in the health care, technology and finance industries. It was found that those who lived in Seattle had approximately $5500 leftover each month after living expenses compared to the $4000 left over by those who worked in San Francisco. Because of high demand and inventory shortages housing prices have risen to a point where having a good job does not mean that a person will have an excess of left over income. Affordability of housing is not ideal on the West Coast because of the demand from highly paid workers moving there. Half of their median income is typically used for rent on the West Coast compared to the middle of the country where only a quarter of income is spent on housing. In fact, North Carolina was ranked as the best option for those who have jobs in finance and healthcare workers would be better off with the housing markets in Arizona and Indiana.

Key Takeaways:

• Workers can pay less of their salary on housing in Seattle
• Housing shortages/high demand have driven up prices in San Francisco
• Workers on the West Coast are concerned about the amount of their salary to pay on housing

"After taxes and rental housing costs, tech workers in Seattle have around $5,500 leftover each month –whereas those in San Francisco are left with $4,000."

Read more: http://www.mpamag.com/news/where-affordable-housing-and-good-jobs-intersect-63332.aspx

Since the crash of the housing market, there has been a substantial impact on the construction industry. As developments are continuing to grow in number and the industry is picking back up, work is available again, but we are seeing a trend of construction laborers being in high demand. This is causing a lack of workers for the current demand. Contracts are becoming more competitive, but the companies are not finding the flow of workers required to answer the need. This is due to a variety of factors, including loss of previously skilled workers moving to other industries, and immigrants moving back to their original countries, neither looking to return to this type of work. Areas like the Bay area near San Francisco have taken the hardest hit, while areas like Washington D.C. have been able to begin bouncing back. While it is anticipated that this tight labor market will continue to worsen and harm the cost of materials, this lack in the labor force does not seem to have had a sizable impact on the cost of materials at this time. At this time, this excludes that of lumber, as there has beenupwards of 14 percent increase in cost, due to negotiations with Canada.

Key Takeaways:

• A very tight construction labor market is going to get even worse,” says Bill McDonald, president and chief investment officer of Mill Creek Residential, a multifamily developer.
• The contractors who build apartment properties are having a hard time hiring and retaining workers on their construction projects.
• The labor shortage has moderated and improved in some markets as supply has come in

"So many new developments are under construction, they are likely to compete with each other—and not just for residents."

Read more: http://nreionline.com/multifamily/apartment-building-developers-face-shortage-construction-workers

Houses are becoming harder to buy thanks to mortgage increases that occurred after the election. December statistics saw a decrease in house buying power, as reported by First American's Real House Price Index, this decrease has been occurring by about 2.1 percent per year but November to December saw a decrease of 5.1 percent. Mark Fleming, First American's chief economist relates that house prices and mortgage rates have soared while incomes have not, this has lead to a decrease in the ability of first time buyers to afford new homes. The decline occurring in December has not happened in over two and a half years. First American monitors several markets and has reported that the decline was widespread throughout almost all of them. The recent FMOC rate increases, and the fact that there is a lower inventory of houses available for sale has pushed nominal houses prices up, causing real purchasing power adjusted house prices to surge in December. Real house prices have increased about 8 percent since December of 2015, increasing by 6.2 percent month over month in This past December. When evaluating year over year unadjusted house prices, there has been a definite increase since the housing boom peak of 2017.

Key Takeaways:

• First American’s most recent Real House Price Index reveals that consumer house-buying power suffered a decrease in December, due in part to post-election mortgage rate increases.
• Mortgage rates and home prices are increasing at a faster rate than the rate of income growth, a dynamic which has led to an overall decrease in housing affordability.
• The decrease in affordability for first-time home buyers is a first within the last two and a half years, but housing affordability has not dropped below rates from 2009.

"The decrease in affordability seen in December was widespread, impacting all but one of the markets we track,” Fleming said. “Low inventory of homes for sale is creating increased competition in the market and pushing nominal prices higher. Add declining purchasing power because of the jump in mortgage rates, and affordability for first-time homebuyers declines.”"

Read more: http://www.mpamag.com/news/americans-housebuying-power-down-61602.aspx

Open House TOMORROW (Wednesday, 3/29) - Please contact me for information regarding the open house for this property and I will get you inside!

Great 4/1 in Lawrence Township with 1 car attached garage! Privacy fence around backyard. Storm windows. Could be rent ready with carpet, paint, water heater, glaze tub and tile in bathroom and a few cosmetic repairs.

HVAC - 3 years

Water heater - 8 years

100 amp updated electric

Metal windows with storm windows

Roof - 10-15 years

1 car attached garage

Rents $775-$825 for 4 bedroom

All cash, as is, buyer pays all closing costs. 

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WATCH PROPERTY VIDEO HERE!

I agree with Lee, it is a pretty good area and I think will only continue to get better. It is a very Blue collar area and feel like there is also a lot of homeownership still going on in that area. Great buy and hold area.....

I agree that is a very broad question. Still I found some thought shared here in -

https://www.biggerpockets.com/forums/93/topics/641...

Hope It will give some idea. 

I love actionable steps! very well said.