Posts Tagged ‘#BRRRR’

FHFA Says Home Prices Up 18.7% from One Year Ago

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 18.7% from Q1 2021 to the first Q2 2022. The seasonally adjusted monthly index for March was up 1.5% from February. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in…

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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…

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Inflation 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…

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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…

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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…

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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…

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WHERE ARE THE BEST SUBURBS FOR CITY-LIKE LIVING?

The Dallas and Chicago metro markets offer some of the best suburbs for city-living and suburban atmosphere, according to StorageCafe. By Vincent Salandro Courtesy Adobe Stock While the suburbs have not always been able to compete with cities in terms of lifestyle offerings, shifting expectations in recent years have caused many suburban areas to offer more…

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Zip codes with the fastest growing rent in Chicago

Story name: Zip codes with the fastest growing rent in Chicago Canonical URL: https://stacker.com/illinois/chicago/zip-codes-fastest-growing-rent-chicago Written by: Stacker Description: Stacker compiled a list of zip codes with the fastest growing rent in Chicago using data from Zillow. Zip codes with the fastest growing rent in Chicago Since the start of the 21st century and prior to…

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Why It’s High Time to Ditch Rent Checks for Good

This is a Reprint of a Bigger Pockets Article from Remen Okoruwa Remen Okoruwa is the co-founder of RentDrop, a payment app making rent payments more convenient and rewarding for landlords and renters.   The best way for tenants to pay rent is always a hot topic among landlords. Some property owners still prefer the traditional method…

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Biggest Mistakes People Make When Getting Ready to Close

From our friends at National Credit Care   Underwriting. Now that’s a word that makes any mortgage professional get the chills. Let’s say it again…underwriting…brrrr…those blasted pencil pushers just making all our lives more miserable. Over 90% of our clients are seeking a loan approval for a home. This has naturally turned our business model…

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