Real-estate investors seized upon a tried-and-true strategy to fix up homes and make money. Then the market turned.
Home rehabbers are finding that the once-reliable method known as "BRRRR" — short for buy, rehab, rent, refinance, and repeat — has become much riskier.
How loan officers are dealing with surging rates and record-low inventory
The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand.
Is There a Benefit To Buying a House When Interest Rates Are High?
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.
‘I can’t afford to sell because I don’t want to lose that rate’: 3% mortgage rates will loom large over the U.S. housing market for years to come
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.
Real Estate Flipping
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.
Expert: 'The underlying fundamentals of real estate are quite strong'
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.
The Laws of an ADU
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.”
Step-by-Step Guide on How To Buy a House in 2023
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.
7 mortgage mistakes all homeowners should avoid, according to a finance expert
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.
US home prices could tumble nearly 20% and Fed economists warn further rate hikes risk an even worse housing correction: 'The bubble hypothesis merits attention'
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.
Housing Market Predictions for the Next 5 Years
Rust Belt Cities, Secondary Markets and Rural Areas Will Become Hot Real Estate Markets
Why Savvy Investors Prefer Investing in Real Estate Over Equities
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.
Understanding the 1% rule for real estate investors
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.
Homebuyers need more than falling mortgage rates to jump back into the market
A decline in mortgage rates convinced some homebuyers to come off the sidelines.
6 leading real estate economists and pros on what to expect from the housing market this winter
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.
10 Tips from the Real Estate Passive Income Playbook
Invest for the long term – focus on steady cash flow and equity growth rather than flipping.
What is the Rent Stabilization Ordinance (RSO) & is Your Property Included?
The city of Los Angeles is located within Los Angeles County but does not include all properties in the county.
1031 exchange
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.
COVID-19 Renter Protections in the City of Los Angeles
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
Net operating income (NOI) tells an investor what they should pay or sell the property for given the income and expenses.