The first house I bought was an all-brick duplex within walking distance of a university. The sellers had purchased it so their son - a student there - had a guaranteed place to live. They rented the other unit to college students so...
This week a house flipper backed out of their contract for a cash purchase, willingly forfeiting their hefty deposit. Another flipper ran out of money and has been laying off their full-time contractors. A real estate investor has been denied additional financing from their bank, leaving them...
Home price growth slowed by the largest amount on record in August 2022. [Nationwide price change chart courtesy of Lance Lambert of Fortune using data from Zillow.] Across the country, residential home prices are up year-over-year yet decreasing month-over-month. The S&P CoreLogic Case-Shiller Home...
So you own a cash-flowing rental property with a sweet 3.3% interest rate and you have a ton of equity. You see there are opportunities to buy more real estate and want to pull cash out with a new mortgage loan, yet you think...
Whole-tail is a fairly new term - a combination of "wholesale" and "retail." It's not the same as a wholesale deal. A wholesale deal is an A to B to C transaction. In a wholesale deal, a person called a wholesaler (person B) goes...
In America, there are two tax systems: one for the informed and one for the uninformed. Both are legal. - Judge Learned Hand Many American adults spend more time planning for their vacation than planning for their wealth. The average person does...
If I told you that you could have a fully rented, maintenance-free property with $50,000 of equity, $2,000 a month in rent coming in and a $1,000 mortgage payment, and all you had to do was take over the mortgage loan, would you do it?...
A number of experienced and novice real estate investors have approached me in the past six months to say they are waiting for interest rates to fall before they buy their next investment property. In the past year, mortgage interest rates have almost doubled....
Flipping a house can be a lot of fun. You go treasure hunting for a fixer upper. You put together your renovation plan, pick out the materials, transform the house inside and out, and then (hopefully) sell the house for a tidy profit....
Inflation worries abound right now. There is unprecedented liquidity in the market from all the government stimulus money and loose monetary policy from the Federal Reserve. The Fed has stated that the recent rapid consumer price increases are transitory, yet many fear that...
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