Posts by Eugene Beckles
Student Housing – Resilient and Profitable
This is a rewrite of an artice by Andrew Syrios We invest in Student Housing so we thought the article insightful. After the real estate crash in 2008, pretty much any sort of real property became a pariah amongst investors—institutional investors at least—for a few years. However, one of the first sectors to bounce back was…
Read MoreLUMBER PRICE UNCERTAINTY PERSISTS AS HOUSING MARKET IS POISED FOR EXPANSION
Supply-side limitations, such as mill curtailments and forest fires, coupled with housing strength have caused lumber prices to rise in recent months. By Vincent Salandro Adobe Stock While the lumber outlook was bearish as recently as a few months ago, changes in the market that impacted supply—including mill curtailments and forest fires—and housing strength caused…
Read MoreAvoid The ComEd Rate Hike setting rate hike- ComEd requesting $1.5billion rate increase
ComEd’s requested $1.5 billion rate increase over the next four years would increase its profits more than improve its stated clean-energy priorities, the Citizens Utility Board says. Click Here to find out How To Avoid The Comed Rate Hike- About 8% less than ComEd- Lock in your Rate for 3 years. No penalties if you…
Read MoreUnderstanding the Real Estate Investment Return Metrics
Introduction Passive real estate investors will often find themselves bombarded with various deals to consider. Making sense of each opportunity to buy investment property can take time. Evaluating deals is some combination of art and science. Understanding the nuances of the local marketplace, competition, etc. is the art. The science involves digging into the numbers…
Read MoreFHA Move on Multifamily Loans to Spur More Housing
The Federal Housing Administration announced Thursday it is increasing the threshold for large multifamily loans for the first time in a decade. © MarkHatfield – iStock/Getty Images Plus With crisis-level inventory shortages plaguing the housing market, the National Association of REALTORS® praised the Federal Housing Administration’s decision Thursday to increase the loan threshold for large…
Read MoreUS Single-Family Rent Growth Continues Yearlong Descent in April, CoreLogic Reports
Single-family rent growth continued to slow year over year in April to 3.7%, down from about 14% at the same time in 2022 All U.S. metros for which CoreLogic tracks data saw rents increase by single digits or less, except for Las Vegas, which posted a small annual loss Despite the slowing gains, single-family rental…
Read MoreHomeownership is Closer Than You Think- Downpayment Assistance
We’re always asked if we have lenders with access to downpayment assistance. The answer is yes. All of our lender partners have access to downpayment assistance, but our in house broker at Kale Realty has a near Nationwide Downpayment Program. The short 7 minute video below explains the 3 programs. 3.5% Forgivable downpayment assistance- Princeton…
Read MoreAuto and Home Owners Insurance Discount
Earlier this year we were introduced to a Primerica Agent. We ended up using many of his services and the decided to integrate it into our business. It was time to update our auto insurance and rather than shop on line one phone call to Answer Financial and we let them do the shopping. Took…
Read MoreBuilder Confidence Moves into Positive Territory in June
Solid demand, a lack of existing inventory and improving supply chain efficiency helped shift builder confidence into positive territory for the first time in 11 months. If you are looking for new construction homes in the Chicagoland area check here Builder confidence in the market for newly built single-family homes in June rose five points…
Read MoreWhy we don’t really want U.S. Debt Default
U.S. Debt Default Could Spike Home Buying Costs by 22 Percent A Debt Default Would Immediately Overwhelm Buyers With 8 Percent Or Higher Mortgage Rates Based on new research by Zillow, the U.S. government defaulting on its debt, which could become a reality as soon as June 1, 2023 without intervention, could send the typical…
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