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Tight housing supply fuels higher prices as existing median home price rises nearly 15% annually

By Richard | May 23, 2022

CNBC's Diana Olick reports on Thursday's existing home sales data. Source link

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The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing)

By Richard | May 23, 2022

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem […]

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Our great hybrid work experiment got things wrong. How to fix it.

By Richard | May 22, 2022

Monday was supposed to mark another milestone for Apple in its effort to bring workers back to the office. The plan — which called for Mondays, Tuesdays and Thursdays to be mandatory days in the office —was scrapped once again as Covid infections tick upward. Apple’s fixed schedule had been met with widespread opposition by […]

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Is a Headache Seller Worth Losing a Deal Over?

By Richard | May 22, 2022

Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. […]

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Trump pays $110,000 fine, contempt order not lifted: New York AG

By Richard | May 22, 2022

Former U.S. President Donald Trump attends a rally in Perry, Georgia, U.S. September 25, 2021. Dustin Chambers | Reuters Former President Donald Trump paid a $110,000 fine imposed as part of a contempt-of-court order against him, but has failed so far to take all the steps required to lift the order, the New York attorney […]

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Should You Rent to a Bankrupt Tenant?

By Richard | May 21, 2022

This week’s question comes from Andrew on the Real Estate Rookie Facebook Group. Andrew is asking: How would you handle a prospective tenant that has a bankruptcy on their record?  Tenant screening is almost as important as rental property screening. A bad tenant can not only cost you potential rent but cause thousands or tens […]

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What to think about when saving for near-term goals amid choppy markets

By Richard | May 21, 2022

As inflation soars and markets slide, many investors are wondering what’s coming next. Traditional advice dictates that long-term investors — those who are focused on retirement dates further down the road — should stay the course in the markets. But those with shorter time horizons of three- to five-years for a closer goal, like saving […]

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What The Fed Won’t Tell You

By Richard | May 21, 2022

I’m about to tell you everything the Fed doesn’t want to say to you.  Let’s start with the obvious: Most of us don’t like to see interest rates rise. Sure, it’s nice to make a little bit of extra money off our savings accounts, but the higher cost of mortgages, consumer loans, and all other forms […]

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Using a “Miserable” Job to Fuel a Fast-Growing Flipping Portfolio

By Richard | May 19, 2022

House flipping is a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he […]

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