BRRRR

Why Is Inflation So High? Why Was 2008 Different?

This is a reprint of a Bigger Pocket Article J Scott J Scott (he goes by “J”) is an entrepreneur, investor, advisor, and author. There’s a lot of uncertainty surrounding the economy, real estate market, and the role of inflation in the economic environment. When it comes to inflation, it’s important to identify how we…

Read More

Pros &; cons of buying out-of-state rental property

Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on…

Read More

What Happens to Home Prices When Interest Rates Rise?

This article is attributed to New Silver Hard Money Lenders The pandemic has brought about major changes to interest rates, and this has had a knock-on effect on the price of homes in an interesting way. We take a look at what happens to home prices when interest rates rise and what’s next for 2022.…

Read More

BUILDING MATERIAL PRICES MARGINALLY INCREASE DURING FEBRUARY

Building Materials Prices Increase Slightly, Held in Check by Metal, Gypsum, and Concrete Products BY DAVID LOGAN on MARCH 16, 2022 • (1) The prices of goods used in residential construction ex-energy climbed 1.6% in February (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials prices increased 20.4%, year-over-year, and…

Read More

New Home Sales Down 4.5% in January

New Home Sales Down 4.5% in January   The U.S. Government is reporting that sales of new single-family houses in January, 2021 were at a seasonally adjusted annual rate of 801k, which is 4.5% lower than December’s revised rate and is 19.3% lower than one year ago.  The median sales price of new houses sold in…

Read More

14 Questions to Ask Before You Hire a General Contractor

When looking to hire a contractor for your building or remodeling project, you may feel a little overwhelmed and unsure of how to guarantee they are not only legit but also the best at what they do. Do you remember playing the game 20 Questions as a kid? Hiring a contractor is similar. You have…

Read More

How Does New Credit Impact Your Score/FICO

We’re not credit experts but we have a referral partner National Care Credit  (NCC) who are.  This is the latest from NCC. The new credit section of your credit is broken down into basically two parts: Inquiries (where you have already received brilliant tips on) and new accounts. When obtaining a new account, regardless of…

Read More

Eviction crisis unfolds as courts process backlog of filed cases

by Lindsey Wells  December 21, 2021   Eviction filings are rising as millions of Americans are being forced from their homes months after lawmakers allowed the federally imposed eviction moratorium to expire.  The federal eviction ban, along with other state and federal laws imposed during the height of the pandemic, was a lifeline for those…

Read More

When a Chicago Building Permit IS NOT Required

We often get questions on how to do a renovation without a permit in the city of Chicago. Well here’s the official answer: A building permit is NOT required for the following types of minor work for any type of existing building* * Excludes proposed and designated Chicago Landmarks and buildings in proposed or designated Chicago Landmark districts. For more information, contact…

Read More

Down Payment Misperceptions Persist

Tackling Home Financing and Downpayment Misconceptions This is a reprint of a National Association of Realtors Article January 7, 2022 Financing & Credit By: Jessica Lautz The article below is a reprint from the National Association of Realtors (NAR). Please note that we have some referral lenders with conventional lending programs with as little as 3.5…

Read More