Five Reasons the United States is facing an Affordable Housing Crisis with no end in sight
The United States is in an affordable housing crisis that is worsening every year. Harvard researchers found that in 2016, nearly half of renters were cost burdened -defined as spending 30 percent or more of their income on rent. The National Low Income Housing Coalition found in 2018 that a renter working 40 hours a […]
Read MoreHow do you buy real estate in the Metaverse?
What is the Metaverse? If you replace the phrase : the metaverse” with the word “cyberspace”, then ninety percent of the time the meaning will not substantially change. “Metaverse” does not refer to any one specific type of technology, but rather a broad shift in how we interact with technology. Broadly speaking the technologies that […]
Read MoreZillow’s Hottest Markets 2022
According to Zillow, the Ten Hottest real estate markets for selling a home in 2022 will be: 10. Austin. TX 9. Orlando, FL 8. Phoenix, AZ 7. Atlanta, GA 6. Nashville, TN 5. Charlotte, NC 4. San Antonio,TX 3. Raleigh, NC 2. Jacksonville, FL 1. Tampa, FL This ranking was based on the following 2021 […]
Read MoreHow to Estimate Rehab Costs
A Brief overview of the Book on Estimating Rehab Costs by J Scott One of the best books I have read on estimating rehab costs is the one written by J Scott and put out by BiggerPockets publishing. In this book J breaks down the process of estimating any fixer upper or flip rehab costs. […]
Read MoreAnother Highly Subjective Best Places to Invest in Real Estate List of 2022 to be taken with a healthy dose of “Huh?”
Every January a variety of publications assembles a variety of best places list, from where to invest, to best cities to live, to best places to retire, etc. While most have compelling reasons and legitimate criteria they use to assemble the lists, the final order is always highly subjective, so the key takeaway: Take each […]
Read MoreThe Three Ways Real Estate is an Effective Hedge Against Inflation
What is inflation? Inflation is the rise of goods and services over time. It usually occurs when the demand for said goods and services exceeds the supply, or when the numbers of dollars being printed in circulation increase over the time while the actual amount of goods and services those dollars are buying remains static. […]
Read MoreThe Six Top Real Estate Trends of 2022
Housing Prices will Continue To Rise We are in the middle of a housing boom, and prices have continued to ascend over the past year. In 2021 the median price of single family homes increased by double digits in 78% of the 183 markets tracked by the National Association of Realtors. The underlying reason is […]
Read MoreHow to Use FHA 203(b) and 203(k) Loans to buy and renovate your First Investment Property
An FHA 203(b) Is a mortgage through a lender that is insured by the Federal Housing Administration. Buyers can use the loan to refinance or purchase a home with as little as 3.5% down. FHA 203(b) loans can finance single-family or small multi-family homes provided the buyer lives on the property. The FHA 203(b) loan […]
Read MoreNine Real Estate Investment Strategies with Recommended Reading
House Hacking: The renting out of one’s primary dwelling in part or in whole in order to pay expenses and build equity. Recommended Resource : The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom by Craig Curelop 2. Wholesaling: A wholesaler is someone who looks to buy a home directly from […]
Read MoreChicago and the Real Estate Cycle of Creative Destruction
The key to investing in Chicago is figuring out what direction change is occurring in the area you are investing in, and in what time frame that change will be complete. At various times in Chicago’s history, investing in the same plot of land could have been a recipe for riches or disaster. The growth […]
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