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16 10, 2020
  • 3 Intriguing Real Estate Rumors That Are Really True

3 Intriguing Real Estate Rumors That Are Really True

By |2020-10-19T21:12:41-04:00October 16th, 2020|Categories: Business, Flipping, Home Improvements, Investing, Real Estate, Selling, Tips|Tags: , , , , , , , , , , , |0 Comments

Whether you consider yourself to be a student of house flipping and real estate, or a seasoned pro, there may be certain industry tales you’ve heard. In a list published this month by The Close, a website designed to give real estate agents and brokerages strategic insights from industry professionals, some intriguing real estate rumors are discussed…ones you might be surprised to learn are actually true. Here are a few. Mark Zuckerberg bought four homes right next to his. From a financial perspective this doesn’t sound implausible at all—Mark Zuckerberg probably has enough cash to buy-up entire blocks of his

22 09, 2020
  • How Low Inventory Could Affect the Housing Market This Fall

How Low Inventory Could Affect the Housing Market This Fall

By |2020-09-21T21:57:07-04:00September 22nd, 2020|Categories: Business, Flipping, Investing, Investment Properties, Real Estate, Tips|Tags: , , , , , , , , , , |0 Comments

Buyers are actively hunting for and purchasing homes to take advantage of the current historically-low mortgage interest rates. Problem is, there aren’t enough houses for sale to meet the increasing demand. It’s a good place to be if you plan to list your flip this fall. According to Keeping Current Matters, a resource that provides housing market insights to real estate agents, Chief Economist Sam Khater of Freddie Mac said a late-summer economic slump was the impetus for such low rates: “Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery…These low rates have

1 08, 2020
  • Bidding Wars in May and June Driven by Low Mortgage Rates and Low Inventory, Says Redfin

Bidding Wars in May and June Driven by Low Mortgage Rates, Low Inventory, Says Redfin

By |2020-07-20T23:12:23-04:00August 1st, 2020|Categories: Investment, Investment Properties, Potential Markets, Real Estate, Selling, Tips|Tags: , , , , |0 Comments

June marks the second-straight month that over half of home offers submitted by real estate brokerage Redfin contended with multiple bidders. Nationwide, nearly 54 percent of Redfin home offers were engaged in bidding wars in the month of June—an increase from just under 52 percent in May and 44 percent in April, Redfin reported on its website. Bidding wars are being driven by low mortgage rates and low home inventory. Redfin Economist Taylor Marr said, “Bidding wars continue to be fueled by historically low mortgage rates and fewer homes up for sale.” He added, “It’s like a game of musical

27 07, 2020
  • Nearly 30 Percent of Homebuyers Plan to Relocate to Small Metro Areas, Even More to Suburbs. Here's Why.

Nearly 30 Percent of Homebuyers Plan to Relocate to Small Metro Areas, Even More to Suburbs. Here’s Why

By |2020-07-20T23:01:17-04:00July 27th, 2020|Categories: Potential Markets, Real Estate, Selling|Tags: , , , , |0 Comments

Twenty-seven percent of homebuyers plan to relocate to smaller metro areas as a result of the Coronavirus pandemic. Data from real estate brokerage Redfin showed that 27 percent of more than 1 million homebuyers on its site looked to move to smaller metro areas in April and May. Good to know as you scout for your next flip. Similarly, a report from Realtor.com released in late June showed that house hunters in over half of the nation’s 100-largest metro areas are focusing their attention on the suburbs in those areas, as evidenced by listing views for suburbs in the month

25 05, 2019

Home Flippers Need To Know About Zillow Offers

By |2019-05-25T14:08:35-04:00May 25th, 2019|Categories: Flipping, Florida, Georgia, Hard Money, Income, Investing, Investment, Investment Properties, Investments, Potential Markets, Real Estate, Selling|Tags: , , , |0 Comments

The online real estate marketplace Zillow has just launched a new feature called “Zillow Offers,” formerly known as Zillow Instant Offers, aimed at helping seemingly impatient sellers quickly offload their homes. Zillow Offers is a faster way to sell a property and it comes with a free comparative market analysis (CMA) from a local real estate agent. Here's how it works: You answer some simple questions about your property. You let Zillow offers know if major changes have been made that aren't in the public record. Zillow sends you an offer within two business days. You have three days to

11 03, 2019

Can You Guess What The Freest State In The Nation Is According To Recent Survey?

By |2019-03-11T19:03:50-04:00March 11th, 2019|Categories: Hard Money, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Real Estate, Taxes|Tags: , , , , , |0 Comments

Real estate investors take note, A Cato Institute survey just ranked states in the order of how free they are. Specifically, the study examined how each state's policies promote freedom in the personal, fiscal and regulatory spheres. The designation of "freest state in the nation" goes to Florida. Florida actually earned seven top ten rankings, four number one rankings and the overall number one ranking. So what's so free about Florida? Florida's less restrictive policies have promoted economic growth. These policies have hundreds of people flocking to the state every single day looking for more opportunity. Taxes in Florida are

15 02, 2019

Do You Know The Signs Of A Bad Foundation

By |2019-02-14T23:15:36-05:00February 15th, 2019|Categories: Construction Loans, Due Diligence, Flipping, Hard Money, Home Improvements, Investment Properties, Investments, Real Estate, Rehab Loans, Remodeling Tips, Short Sales, Tax Foreclosures|Tags: , , , , |0 Comments

As a real estate investor, you can save yourself money and time if you know how to spot signs of foundation damage when you first look at a potential investment property. Some minor problems can be fixed, of course. If you only spot minor problems, it's possible that hiring a professional evaluator to check the property may be worth it. Not all foundation issues mean you should walk away from an investment property. But you can save yourself the cost of an evaluation if you can spot the major foundation issues yourself. Keep in mind, you're not just looking at

7 09, 2018

Should You Ever Pay More Than The 70 Percent Rule Suggests?

By |2018-09-06T14:08:53-04:00September 7th, 2018|Categories: Flipping, Hard Money, Investing, Investment, Investment Properties, Real Estate|Tags: , , |0 Comments

Yesterday, we discussed the 70 percent rule as it applies to flipping houses. Check out that previous blog post if you aren't sure what the 70 percent rule is. Today's question is whether you should ever pay more than the 70 percent rule suggests. For example, some beginner investors think that it's OK to exceed the amount specified by the 70 percent rule in an appreciating market. After all, in a few months or by the time you finish your rehab, the After Repair Value should go up, right? Typically, but that's a big risk to take if it doesn't!

13 08, 2018

With An Out-Of-State LLC, You’ll Need A Registered Agent

By |2018-08-13T18:28:29-04:00August 13th, 2018|Categories: Business, Investing, Investment, Investment Properties, Investments, Lawyers, Real Estate, Taxes|0 Comments

If you live in a state that is a bit unfriendly to small businesses, you might have considered just forming your LLC in a state that isn't. Investors do this frequently. Here's the thing though: If you intend to form your LLC in a state that is more friendly to small businesses like small real estate investment companies, you will need a registered agent. That's your legal obligation. What does that mean? Well, if your LLC is registered in another state, you have to have someone in that state to handle all of your LLC's legal and tax documents, and

12 07, 2018

How A Cost Segregation Study Helps Real Estate Investors

By |2018-07-12T23:02:24-04:00July 12th, 2018|Categories: Hard Money, Income, Investing, Investment, New Home Development, Real Estate, Taxes|Tags: , , |0 Comments

A cost segregation study can identify and reclassify your property, with the benefit of shortening the property's depreciation time. What happens when the property's depreciation time is reduced, as you probably know, is that your current income tax obligations also reduce. Using this tool, the IRS allows to to speed up the depreciation on certain things such as carpet or cabinets, and even light fixtures and flooring in a building. That way, you can enjoy tax savings sooner! So why doesn't everyone do a cost segregation? Well, the cost of it is not cheap. So, only investors with significant property

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