13 September 2018 | 5 replies
I put about 48k into a property over the last two years-good for equity and rents but not so good for the tax return viewed by lenders.
13 September 2018 | 2 replies
Houston Real Estate Highlights in August(* asterisk denotes that the “Harvey effect” has been removed): Single-family home sales rose 7.6 percent year-over-year, with 5,844 units sold*;Days on Market (DOM) for single-family homes declined slightly to 49 days;Total property sales jumped 36.8 percent, with 9,978 units sold;Total dollar volume increased 40.1 percent to $2.86 billion;The single-family home median price rose 3.0 percent to $236,870, reaching an August high;The single-family home average price also achieved an August record, rising 1.9 percent to $300,670;Single-family homes months of inventory was at a 4.1-months supply, down from 4.3 months last August and equal to the national level;Townhome/condominium sales rose 12.3 percent year-over-year, with 457 units sold in 2018 compared to 407 one year earlier*;Leases of single-family homes rose 7.6 percent with the average rent up 3.4 percent to $1,926*;Volume of townhome/condominium leases fell 8.6 percent with the average rent up 5.5 percent to $1,639*HAR https://www.har.com/content/newsroom?
26 October 2018 | 18 replies
The price/rent ratios are strong in Richmond county (unfortunately have been shrinking rapidly the last several years) and there are plenty of great "C" class areas to choose from.
19 September 2018 | 6 replies
Over the last few years i've really developed an ambition to push myself in life to become better and better.
15 September 2018 | 6 replies
My wife found her dream home- it’s not going to last on the market- what can I do to finance the new purchase while I sell my house?
20 September 2018 | 9 replies
Ask specifically for cap rates on deals that closed within the last 6 months.
14 September 2018 | 4 replies
I'm a full-time Realtor with C21, but I'm looking to put some partners together to start doing flips.I did a duplex in Rockland MA last year and it went pretty well.
26 October 2018 | 6 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
14 September 2018 | 2 replies
Keep it simple.....Find out when is the last time their rent was raised....if it's been over a year.....ask the housing authority in writing about raising it to market rates....then see what they say.....Sect 8 tenants CAN be a source of guaranteed income so don't kick them out arbitrarily .....only to end up with tenants that pay "market rate".....but are constantly late on rent or causing problems....I have Sect 8 tenants and non sect 8 tenants in Ohio and California and my Set. 8 tenants are FAR less "maintenance" than the others.
14 September 2018 | 4 replies
The last guy I paid got $44k for bringing me a deal.