Real Estate Hub

Home rehabbers are finding that the once-reliable method known as "BRRRR" — short for buy, rehab, rent, refinance, and repeat — has become much riskier.

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand.

As long as you consider your budget carefully and can afford the home you want, it doesn’t make sense to wait to buy if you are ready to make a move.

The average 30-year fixed mortgage rate hit 7.10% recently, the highest reading since November of last year. Higher mortgage rates triggered a drop in demand. Meanwhile homeowners who’ve locked in lower mortgage rates are choosing not to sell, tightening available inventory.

Flipping a real estate property can be a profitable investment but there are some critical factors to consider before going all in. A major step is being able to qualify for a loan with a credit agency. How much you put down on the property will be a major factor to consider.

The real estate industry was ranked as the S&P 500's third worst-performing sector in 2022. According to Todd Henderson, Co-Head of Global Real Estate DWS Group, the market broadly, from rentals to home buyers, is doing well - with one exception: commercial office buildings.

According to the Department of Regional Planning, “An Accessory Dwelling Unit, also known as a granny or in-law unit, is a living unit that is an accessory use to a single-family or multifamily residential building, wherever such developments are permitted. An ADU is required to provide permanent provisions for living, sleeping, eating, cooking facilities, and sanitation, and meet other requirements as stipulated by the Department of Public Works, Building and Safety Division and Fire Departments.”

It will be in your best interest (both personally and financially) to pick the perfect home and area and to consider your financials carefully before pulling the proverbial trigger.

Not shopping around for a mortgage – There are a staggering 4,341 mortgage options on the market, according to data firm Moneyfacts. By not shopping around, you could be missing out on a cheaper rate or a deal with better features, such as cashback or no fees.

The US housing market faces a potential 19.5% correction, and more rate hikes from the central bank could make a crash even worse, Dallas Federal Reserve economists warned.

Rust Belt Cities, Secondary Markets and Rural Areas Will Become Hot Real Estate Markets

Your investment property can be a rather reliable tax shelter because the tax code permits investors to reduce their taxes through deductions like yearly property taxes and interest paid on a mortgage.

The 1 percent rule is a real estate investment guideline that lets investors quickly estimate the minimum monthly rent they must charge to break even (at minimum) on a particular property.

A decline in mortgage rates convinced some homebuyers to come off the sidelines.

With the Fed switching to a smaller rate hike in February, mortgage rates will continue their downward trek, and a lower mortgage rate improves affordability, bringing more buyers back to the market.

Invest for the long term – focus on steady cash flow and equity growth rather than flipping.

The city of Los Angeles is located within Los Angeles County but does not include all properties in the county.

A 1031 exchange is known for its name by investors because it is the section 1031 in the tax code. This section allows tax deferred treatment of gains on a property when two properties are exchanged.

Due to the COVID-19 Pandemic, the City of Los Angeles declared a Local Emergency effective on March 4, 2020 which was set to terminate on February 1, 2023, however it was recently extended for 2 additional months, now terminating on April 1, 2023.

Net operating income (NOI) tells an investor what they should pay or sell the property for given the income and expenses.

Studies indicate that quality real estate photography is more likely to generate a higher price per square foot.

According to the National Association of Realtors (NAR) 2021 Profile of Home Staging, 47% of buyers agents indicated that staged homes had an effect on most buyer’s views of a home.

Use the The 60-30-10 Rule - it states that 60% of the room should be a dominant color, 30% should be the secondary color or texture and the last 10% should be an accent…

The proforma states income and expenses related to a real estate development deal. The proforma states information that is useful for a bank, lenders, or investors. The proforma states cash returns in cash payments in a deal. The proforma also shows the cash flow and time period of the deal.

Strong patterns can make the space seem "busy" and draw the room in, while simplicity and paler colors will open the room up.

Bar carts are perfect for tight outdoor spaces, and they’re mobile too. Stock one for smaller crowds or go with more for larger gatherings.

Many real estate agents, investors, and other professionals know their field well. They’re aware of local ordinances affecting property, desirable school districts, architectural trends and many other things directly related to the subject of real estate, but they’ve never formally examined the art of negotiation.

Move sofas away from walls, and also try moving them away from other key furniture pieces.

Virtual tours are increasingly important in today's real estate market due to the growing need for convenient and efficient property viewing options. With more people relying on online resources to search for properties, virtual tours provide a unique opportunity for buyers to get an in-depth look at a property from the comfort of their own home. This

Total home sales dropped 47 percent last year across the six-county region, with the median price falling 1 percent.