BRRRR

What the Stimulus Package Means For Real Estate Investors

This is a reprint of an Article from Scott Trent on Bigger Pockets The ongoing pandemic has hit our country hard, causing significant loss of life and changing our habits. We are all looking forward, with the hope that new vaccines will quickly get us back to a new normal. Interestingly, however, from the standpoint…

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Realtor.com 2021 Forecast

It is that time of the year for prognosticating what will happen in 2021. Here’s a summary of Realtor.com’s take. “We expect housing’s winning streak to continue in 2021 as seasonal trends normalize and some of the frenzied momentum fades thanks to fresh affordability challenges. Below you’ll find our forecast and housing market predictions on key…

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12 Rental Property Improvements You Can Make for Cheap

12 Inexpensive Rental Property Improvements 1. Paint You can enhance key rooms and create accent walls with paint. 2. Change Out Flooring The same applies to flooring. In cheap rentals, you may be able to use vinyl or focus on small, key areas of flooring. Putting new flooring in small entry areas and bathrooms or…

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How Much Cash Flow Is Good for a Rental Property

All Investors should establish a target. We modify ours every year. Our general target cash flow number is $200 per door. (Note: We don’t purchase single families to hold)  Cashflow is what’s leftover after all bills have been paid.  But we don’t use cash flow as our only metric. We also look at cash on…

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Foreclosures in the US Increase as COVID Continues To Rise

Since the start of the COVID-19 pandemic, the United States’ housing market has remained relatively strong, despite record-high unemployment, businesses shutting down, and routine infection rate surges. However, according to ATTOM Data Solutions, our longtime fears may be coming to fruition. In October 2020, the foreclosure rate increased by 21% with a total of 11,673 properties filing for…

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How To Become A Landlord

According to the IRS, 10.6 million taxpayers claim rental income every year. Are you planning to be one of them? Being a landlord is rewarding, but like all worthy endeavors, it’s hard work. Knowing what to expect and how to handle the unexpected will help you be a happy, successful landlord. Here are 12 steps…

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National Multifamily Housing Council (NMHC) Says 79.4% of Apartment Households Paid Rent by October 6

This is a Reprint from the NMHC NMHC Rent Payment Tracker Finds 79.4 Percent of Apartment Households Paid Rent as of October 6 October 08, 2020 The NMHC Rent Payment Tracker is powered by Entrata, MRI Software, RealPage, ResMan and Yardi Washington, D.C. – The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.4 percent…

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NAHB Conveys Urgent Concerns on Lumber with Commerce Secretary

If you’re in the renovation game this article is extremely important as framing & lumber prices have more than doubled in less than 6 months. Filed in Advocacy, Housing Affordability on September 28, 2020   NAHB Senior Officers and senior staff held a 30-minute virtual meeting with Commerce Secretary Wilbur Ross on Sept. 25 to discuss the growing…

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Top 10 U.S. Metros with the Highest Foreclosure Rates in Q2 2020

This is a reprint from ATTOM Data Solutions Top 10 U.S. Metros with the Highest Foreclosure Rates in Q2 2020 Christine Stricker  July 17th, 2020 According to ATTOM Data Solutions’ recently released Midyear 2020 U.S. Foreclosure Market Report, U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six…

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