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Mortgage rate soars closer to 5% in its second huge jump this week
The rate for the most common kind of mortgage just surged again.The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis points higher than it was one year ago.“That’s the second time this week, and it puts […]
Read MoreWhat It Means For Real Estate Investors And Homeowners
Californians might be facing new taxes, again. Waves were stirred last week when Assemblymember Chris Ward (D-San Diego) introduced the California Speculation Act (AB 1771). The bill is the Assembly’s latest attempt to curb rising housing costs and bludgeon investor profits. If passed, the Act would add an additional 25% tax on the capital gain […]
Read MoreMortgage rates move higher with 30-year fixed hitting 4.95%
CNBC's Diana Olick reports on mortgage rates and housing data. Source link
Read MoreWhy It Matters, and What It Means for Real Estate Investors
On Wednesday, March 16, 2022, the Federal Reserve announced it would be raising interest rates for the first time since 2018. While the 25 basis point hike (one basis point=0.01%) was largely expected, the underlying shift in Fed policy will impact the housing market, and real estate investors should understand and pay attention to it. […]
Read MoreSteps That Will Stop You From Getting Burnt on Multifamily Deals
Want to know how to analyze a multifamily property? Maybe you’ve analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We’re talking about multi-million dollar multifamily investments, with hundreds of units, large debt and equity structures, and many, many small pain points only experienced investors would notice. If […]
Read MoreA Dire Warning for Real Estate Investors: Don’t Trust the Market!
Q: Do you trust “The market” for your real estate profits? A: Those who trust “The market” are at the mercy of the market. I think this is folly. Hopefully, many of you agree. Here’s what I’m talking about… The real estate syndication realm is awash with new operators showing their investors dazzling returns. Profits […]
Read MoreBuying your first home? Here’s what you need to know
Paul Bradbury | OJO Images | Getty Images First-time home buyers have a steep learning curve, from understanding true affordability and how to qualify for a mortgage to managing their cash flow after their purchase. “When buying your first home, you need to consider that what a lender will let you borrow is not necessarily […]
Read MoreLosing Money on Your First Deal
When most people think of JL Collins, they think of smart stock and index fund investing. In his classic, The Simple Path to Wealth, JL lays out the foundational path that investors can follow to secure financial freedom simply, easily, and without a ton of stress. So it may come to many FI chasers’ surprise […]
Read MoreBoosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks
BRRRRs, property classes, raising capital questions and more are in this episode of Seeing Greene! As always, your investor mentor, top agent, and shiny-headed host of the BiggerPockets Podcast is back to walk through real-life questions and examples brought to him directly from listeners just like you. This episode walks through a lot of the struggles […]
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