In 2004, I was living in NYC when I decided to start a new career. To identify potential business opportunities, I thought about some of the more frustrating experiences I’d had. I quickly narrowed the list to buying investment properties. The problem was that all real estate agents could do was send me MLS data sheets for the properties I selected; no analytics, processes, or services. I had to do everything myself. This was time-consuming, and I made frustrating mistakes that cost me time and ...
Jan 22, 2024•14 min•Ep. 1195
Borrowing a mortgage is a big responsibility. When you’re an investor, lenders take serious precautions to ensure you can afford it, but many borrowers still default. A mortgage default can greatly hurt your credit and future chances of purchasing real estate, even for your own use. So what is a mortgage default, and how does it work? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 21, 2024•14 min•Ep. 1194
Knowing what to look for when buying a rental property will save you time and money while reducing stress. In this article, we outline seven considerations that you can’t afford to overlook. Consideration 1: Location Location, location, location is consideration No. 1 when buying a rental property. Is the property close to amenities such as shopping? How about public transportation? What about local schools? Is the area safe? Is it family-friendly? Learn more about your ad choices. Visit megapho...
Jan 20, 2024•10 min•Ep. 1193
When you buy a rental property, you do so with one goal in mind: to generate a positive return on investment (ROI). So, What Is a Good ROI on Rental Property? A good ROI on rental property typically ranges from 6% to 10%, although this can vary with location, property type, and market conditions. In some areas, ROIs over 12% are possible, while in expensive urban locations, a 4% to 6% ROI may still be favorable. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 19, 2024•11 min•Ep. 1192
Every real estate investor wants to know if there’ll be a housing market downturn in 2024. But perhaps a better question to ask, now and always, is: “Which local markets are most at risk of a downturn?” Regional variations consistently play a part in any housing market analysis or forecast. And now we have the most up-to-date Special Housing Risk Report from real estate data provider ATTOM. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 18, 2024•15 min•Ep. 1191
For all the recent talk about a possible interest rate easing in 2024 and the low likelihood of a severe recession, people are still feeling pessimistic. The Fannie Mae Home Purchase Sentiment Index for November is out, and it paints a general picture of low confidence among both homebuyers and home sellers. As interest rates began to climb in 2022, consumer confidence in the housing market began to plummet, reaching their lowest levels by late 2022. Confidence stabilized somewhat in 2023 but qu...
Jan 17, 2024•10 min•Ep. 1190
We all occasionally fall victim to fallacies—assumptions or beliefs that just aren’t true. Consider a deceptively simple logic puzzle known as the Monty Hall problem: You’re presented with three doors, behind one of which is a prize, and you have to guess the door. Before revealing the answer, the game show host makes your life easier by eliminating one of the wrong answers and asks you if you want to change your guess. Should you change it? Most people shrug and say, “At that point, it’s 50/50,...
Jan 16, 2024•16 min•Ep. 1189
What is important for Real Eatate investors to know this week? Managing Editor of the BiggerPockets Blog, Matt Myre is here today to share the top 3 headlines that Real Estate investors need to know about to make better investing decisions. We will cover the Top Cash flow markets in 2024, How Reitement through Real Estate has changed and why, and we will get into how the new Fannie Mae 5% downpayment really impacts investors. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 15, 2024•22 min•Ep. 1188
Most homeowners bought their homes at mortgage rates that were lower than today’s, and that’s caused what’s known as the “lock-in effect.” Homeowners are hesitant to give up their cheap mortgages, which is suppressing available inventory. Low inventory has kept home prices from falling significantly, even as homebuyer demand fell due to rate hikes. With mortgage rates down more than one percentage point since their peak in October, the housing market is starting to show signs of rebounding deman...
Jan 14, 2024•13 min•Ep. 1187
Low-cost properties are appealing because you can acquire and generate income with less initial capital. However, they are actually the most expensive way to achieve and maintain financial freedom. Here’s why. What Determines Prices and Rents? Real estate prices and rents are driven by supply and demand. When the number of sellers equals or exceeds the number of buyers consistently, property prices remain low. If prices do increase, the rise will be gradual. Furthermore, when prices are low, mor...
Jan 13, 2024•12 min•Ep. 1186
Inflation broadly impacts the overall economy, causing the prices of goods and services to rise. This can have rippling effects across various sectors, including the real estate market. Real estate investors, homebuyers, and home sellers need to understand how inflation impacts the real estate market. This can help them make the best decisions when buying and selling real estate. We’re here to explain what causes inflation, its impact on real estate, and how real estate investors can benefit eve...
Jan 12, 2024•13 min•Ep. 1185
Owning a property doesn’t mean you automatically have rights to it. If someone can claim they’ve squatted on the property for many years and you did nothing about it, they may take possession of it with adverse possession laws. So what is adverse possession, and how do you avoid it? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 11, 2024•11 min•Ep. 1184
Did you know real estate investing doesn’t only refer to single-family homes? When done right, investing in mobile homes can be a profitable way to add to your real estate portfolio. Check out everything you must know about mobile home investing to see if it’s right for you. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 10, 2024•12 min•Ep. 1183
Over the years, a slew of reality TV shows that glamorize the real estate industry have popped up on networks like HGTV and Netflix. But just how realistic are they? To find out, we evaluated eight popular shows that may appeal to investors. While most are focused on redesign efforts and fail to consider the practical aspects of investing, a few offer realistic tips and relatable challenges that make them worth watching. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 09, 2024•16 min•Ep. 1182
The Neighborhood Assistance Corporation of America (NACA) offers an incredible mortgage program that makes homeownership more affordable. Eligible borrowers can expect no down payment or closing costs, attractive terms, and hand-holding throughout the entire process. Here’s everything you must know about the NACA mortgage. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 08, 2024•11 min•Ep. 1181
In March 2021, Federal Reserve Chairman Jerome Powell said, “[T]hese one-time increases in prices are likely to have only transient effects on inflation.” From then on, “transitory inflation” became the phrase of the year in economics, with high hopes that once the initial supply chain shocks and government stimulus after the onset of the pandemic wore off, inflation would return to its regular scheduled programming and maybe even deflate. It turns out, however, that trillions of new dollars in ...
Jan 07, 2024•10 min•Ep. 1180
A new law has already taken effect, yet nobody is talking about it. And if you own real estate through an LLC or another entity, it already applies to you. This new law is the Corporate Transparency Act (CTA). But what exactly is the CTA? And what does it require real estate investors to do? Let’s walk through these new requirements. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 06, 2024•14 min•Ep. 1179
We’re heading into the new year, and the 2024 real estate forecast looks bright. With this promising prediction in mind, here is some in-depth analysis that will unveil the key trends and factors contributing to the positive outlook. If you’re navigating or learning to navigate the evolving landscape of real estate investment and homeownership, join us as we provide the strategic insights you’ll need on your journey. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 05, 2024•15 min•Ep. 1178
As the real estate landscape continues to evolve, landlords are faced with the challenge of adapting to the preferences and expectations of the emerging generation of renters: Generation Z. Born between the mid-1990s and early 2010s, Gen Z is characterized by its tech-savvy nature, social consciousness, and desire for convenience. To successfully navigate this changing demographic, landlords must embrace innovative strategies that cater to the unique needs and preferences of Gen Z renters. Learn...
Jan 04, 2024•12 min•Ep. 1177
As a homeowner, figuring out the best way to access your home equity can be a complicated process, full of complicated jargon, long processes, scary waits for appraisals, and potentially expensive hidden costs. Here’s a look at the tradeoff between HELOCs and cash-out refinances—the two most common and popular ways to tap into your home equity while maintaining and keeping the ownership of your home. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 03, 2024•9 min•Ep. 1176
In 2023, it’s been off to the races as everyone pondered: What will climb higher, faster—mortgage rates or home prices? Typically, the two work inversely and help offset one another, but in an unprecedented circumstance, both mortgage rates hit record highs as housing prices continued to swell. However, nearing the end of 2023, the race’s direction seems to be slowing and taking a turn, as mortgage rates have trended downwards and quickly. This series of events begs the question: Will real estat...
Jan 02, 2024•15 min•Ep. 1175
Airbnb’s 2023 Winter Release is making waves. Promising an improved, more satisfying guest experience for browsing listings and booking stays, the platform is also poised to shake up every host vying for visibility, bookings, and profitability. The release includes several expected enhancements, plus a few surprises. Some features place the guest at center stage, designed to help consumers understand exactly what to expect before they book. Other tools are built to help hosts improve their listi...
Jan 01, 2024•19 min•Ep. 1174
When you buy or sell property, a deed transfer takes place. A deed is a legal document that proves you have ownership in a piece of property. Sometimes, properties may not have a clear title or line of ownership. If a property has any issues with its title, an owner may choose to provide a quitclaim deed. These deeds are also referred to as quick claim deeds because the transfer of property can happen much faster using this type of deed. This guide will explain everything you need to know about ...
Dec 31, 2023•12 min•Ep. 1173
“Foreclosure” can be an ominous word in real estate, and the process can feel a little murky, since it varies from state to state. Savvy real estate investors should understand foreclosures in case they face foreclosure themselves or are interested in the investment opportunity foreclosed properties offer. This guide will explain what is a foreclosure, steps you can take to prevent a foreclosure, and how foreclosed properties can be part of your real estate investing strategy. Learn more about y...
Dec 30, 2023•13 min•Ep. 1173
The typical advice investors are given is that the fall-winter season is a great time to buy real estate. The narrative goes like this: Families are done house hunting for the season because they don’t want to disrupt the school year. The homes that didn’t sell during peak season are likely to be discounted by increasingly nervous sellers. Shrewd investors can get great deals on real estate. Does this seasonal pattern really still apply to the current housing market? If we dig a little deeper in...
Dec 29, 2023•12 min•Ep. 1171
Exploring financial strategies in homeownership often leads to considering a cash-out refinance, among other options. This article sheds light on its potential advantages and pitfalls, helping you make well-informed decisions tailored to your financial objectives. What Is a Cash-Out Refinance? In real estate, refinancing is the process of replacing an existing mortgage with a brand-new one with more favorable terms. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 28, 2023•19 min•Ep. 1170
Do you want to maximize real estate investment returns, diversify your portfolio, and build wealth? The secret is to use leverage in real estate investing. Leverage is a valuable tool that uses other people’s money to buy property. This strategy allows you to find more lucrative investment opportunities while protecting your liquid assets. It gives you endless possibilities to purchase real estate with little or no money down. Real estate investment is popular because of its potential for high r...
Dec 27, 2023•25 min•Ep. 1169
Housing starts are one of the most crucial indicators for monitoring the nation’s economic health. Understanding the dynamics of housing starts is essential for real estate investors because it offers valuable insights into current market conditions, including how ready people are to buy, build, move, and more. This article delves into the world of housing starts, including their role in the economy, what economic factors influence them, how to monitor them, and their significance to the industr...
Dec 26, 2023•12 min•Ep. 1168
It’s no secret that housing has gotten extremely expensive in the United States, both in terms of buying and renting. Indeed, the same trend has taken place throughout the Western world. Housing affordability has become one of the greatest challenges facing governments worldwide. And it’s perfectly understandable that people find this issue important and want it addressed. To address the affordability of housing, many restrictions have been passed throughout the United States on landlords, most ...
Dec 25, 2023•19 min•Ep. 1167
Adding passive income sources to your investments is a key way to grow your wealth. While investing directly in real estate is a great way to diversify your portfolio, passive investments are key to growing your wealth further. Two commonly compared options are real estate syndication vs. REIT. Understanding the two and their differences is important when deciding how to invest your capital. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 24, 2023•14 min•Ep. 1166
