Multifamily Investing
ATTOM: Foreclosure rates returning to pre-pandemic levels
ATTOM’s 2022 U.S. Foreclosure Market Report shows that foreclosure filings are up 118% compared to this time last year. In August alone, lenders in the United States began the foreclosure process on 23,952 properties. Numbers that high haven’t been seen since before the COVID-19 pandemic. “Two years after the onset of the COVID-19 pandemic, and after…
Read MoreChicago – a top 10 city for real estate investment in 2022/23
by Patrick Regan September 15, 2022 Norada Real Estate Investments recently revealed its 21 best cities for real estate investment in 2022 and 2023, and Chicago made the list. The firm looked at data and trends across the U.S. to determine its rankings, noting each city has its “own set of qualities and disadvantages, but many of them…
Read MoreWhat Does a Recession Do To The Housing Market?
A major concern plaguing the country right now is around the possibility of a recession. We haven’t seen a recession since the 2008 financial crisis, and now we could be headed for one. For real estate investors, we answer a pertinent question, what does a recession do to the housing market? While the US housing market took…
Read MoreTenant Estoppel Certificate: What to Do When You Inherit Tenants
Attribution for this article goes to TurboTenant What is a Tenant Estoppel Certificate? Finding the perfect tenant for a brand new investment property is a top priority for landlords, so what could be better than purchasing a home that already has tenants? As great as an immediate cash flow seems, buying a tenant-occupied property does…
Read MoreHow Multifamily Borrowers are Adjusting to Rising Interest Rates
Some buyers are trying to renegotiate prices, but a net result of recent moves could be a tightening in the spread between multifamily cap rates and yields on 10-year Treasuries. Bendix Anderson | Jul 14, 2022 With the recent rate hikes from the Federal Reserve, borrowing costs for multifamily assets are rising as well. This is disrupting sales…
Read MoreReduce Your Tax Bill
5 Simple Ways to Reduce Your Tax Bill Like a Real Estate Pro “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” – Gregory…
Read MoreInflation Rate at 40 Year High
The U.S. Bureau of Labor Statistics, who tracks the inflation Rate is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was 0.6% in January, 2022. However, the all items index was up 7.5% for the 12 months ending in January. Inflation Rate Buckle up… Click here to read the full release at the Bureau…
Read MoreProperty Management, When Is it Time to Oursource
Adding properties to your investment portfolio diversifies your risk and can certainly lead to more passive income, but with more properties comes more challenges (and more work). If you have the time and skills to manage multiple properties on your own, more power to you. But, if you’re getting to a point where you’re…
Read MoreHow 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 MoreChicago rents, mortgages both on the rise and breaking records
by Liz Hughes January 26, 2022 Spurred by rising mortgage costs, December’s average monthly rent grew to $1,877, a 14.1% increase from the previous year and the largest annual jump since February 2019, according to a new Redfin report. Mortgage payments also saw double-digit percentage growth last month. Nationally, monthly mortgage payments grew 21.6% from the…
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