• 1381 - Home Sales Bottom Out to Near-Record Low as Prices Continue to Climb by Moriah Costa
    Jul 26 2024
    Home sales fell to one of the lowest levels on record in May as high prices, elevated mortgage rates, and a housing shortage continue to keep buyers on the sidelines. According to data published by Redfin, there have only been two months in the past decade with fewer home sales: when mortgage rates jumped to a 23-year high in October 2023 and in May 2020, during the early days of the pandemic. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    10 mins
  • 1380 - These Are the 10 Most Affordable Markets To Invest in During 2024 by Dave Meyer
    Jul 25 2024
    The U.S. housing market is facing an affordability crisis. The combination of high home prices, high mortgage rates, and decreased spending power has driven housing affordability to its lowest level in decades. As such, it is difficult for investors and homebuyers alike to identify cities where they can afford to buy property. But, there are still great opportunities to buy real estate, even on a budget. I’ve done the research and have identified the 10 most affordable markets for real estate investors. Below, I’ll explain how we arrived at the current situation, my criteria for selecting these markets, and then give you some data about the cities. Check out the list below and determine if any of these cities fit your investing goals. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    12 mins
  • 1379 - The Migration Boom is Ending, But Here’s Where Movers Are Still Moving by Moriah Costa
    Jul 24 2024
    With mortgage rates and home prices high, more homeowners are staying put, according to a report by Redfin. The number of homeowners looking to move to a different metro area started to decline in the fall of 2023, dropping to 23.9% in November 2023. That marked the lowest share in a year and a half and below the 26% seen last summer. While some of it also has to do with remote work becoming less popular with employers, the rate of mobility among homeowners has steadily been decreasing since the 1980s as older Americans have decided to age in their current homes. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    11 mins
  • 1378 - Does the BRRRR Method Work? By Samantha Hawrylack
    Jul 23 2024
    Real estate investing can be a one-and-done deal or a strategy with more work but potentially higher profits. If you’re an investor looking for ongoing passive income, the BRRRR method may be a good option. The BRRRR method means you buy, rehab, rent, refinance, and repeat. It’s a cycle to build a robust real estate portfolio by purchasing undervalued properties using the equity of an existing investment property, renovating the new property, renting it out, and repeating the process. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    9 mins
  • 1377 - Our Rental Tripled in Value—Here’s How We’re Using a 1031 Exchange To Avoid a Massive Tax Bill by Liz Zack
    Jul 22 2024
    When my husband and I got married, we bought our first place—a brand-new, 1.5-bedroom condo—in Bedford–Stuyvesant, Brooklyn. At the time, the Bed–Stuy neighborhood was rough—for example, a biker gang that loved to throw huge all-night parties was headquartered at the end of our block, and there were abandoned buildings every few feet, often rustling with the sound of homeless inhabitants. Back in the early aughts, this ZIP code was not for the faint of heart. But at $375,000, a solid C-/D neighborhood was what we could afford in NYC, and our place was new and huge (for Brooklyn) at 1,200 square feet. Plus, I had a hunch. When we first toured the apartment, I went up on the roof and looked out over the neighborhood. From that vantage point, I could see three luxury buildings going up within a few blocks of us. I knew this neighborhood was about to change. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    10 mins
  • 1376 - With So Much Uncertainty in the Markets, Here’s How Smart Investors Protect Their Investments by Paul Moore
    Jul 21 2024
    Remember the container ship that got wedged in the Suez Canal in March 2021? Within days, hundreds of ships halted. In less than a week, 12% of global trade halted. This is merely one simple example of volatility. A tiny event in some remote corner of the world made life perilous and unpredictable for a billion people. The shockwave reverberated across the Earth. There are many more examples like this. COVID-19 spawns in Wuhan, China, and creates a once-in-a-100-year worldwide pandemic. Or more theoretically, one butterfly flapping its wings spawns a hurricane on the opposite side of the globe. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    12 mins
  • 1375 - We’ve Had Vacancy Rates Below 2% for Over 15 Years—Here’s How We’ve Done It by Eric Fernwood
    Jul 20 2024
    Since 2006, my team and I have delivered almost 500 Las Vegas investment properties (> $130 million). The properties had an annual appreciation of 15% and annual rent growth of 7% (2013 through December 2023), and our average vacancy rate stayed below 2%, including during two major economic turmoils: 2008 housing crash: Zero decline in rent and zero vacancies. COVID pandemic eviction moratorium: No impact. So why did our clients’ properties perform when most others did not? Learn more about your ad choices. Visit megaphone.fm/adchoices
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    12 mins
  • 1374 - Fractional Real Estate Investing by Scott Gibson
    Jul 19 2024
    Do you want to get started in real estate investing but don’t have the funds to purchase an entire property? Fractional real estate investing may be the answer you’re looking for. Fractional investing offers lucrative opportunities to own part of a property rather than an entire one. Fractional real estate ownership can be affordable for startup investors who want to enter the real estate market. But what is fractional investing? And is this the right investing model for you? Learn more about your ad choices. Visit megaphone.fm/adchoices
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    19 mins