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Mortgage demand plunges, as interest rates rise

By Richard | Jan 4, 2023

A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois.Daniel Acker | Bloomberg | Getty ImagesAfter a brief reprieve in the first half of December, mortgage interest rates shot up again to end the year, weighing on mortgage demand.Mortgage application volume was down 13.2% at the end of last week […]

Home price gains weakened sharply in November

By Richard | Jan 3, 2023

A sign is posted in front of a home that is for sale on December 19, 2022 in Los Angeles, California. Mario Tama | Getty Images Home prices are falling into a deep winter chill, as higher mortgage rates push more buyers to the sidelines. Prices in November were still 8.6% higher than during the […]

A New Investor Should Know BEFORE Closing on a Property

By Richard | Jan 3, 2023

Before buying a rental property, real estate investing can seem scary. Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can […]

Renters Flocked To These Cities Last Year—And Left The Big Ones

By Richard | Jan 2, 2023

In this article The average renter’s income is stretched thin from inflation, and more than 40% of renters are considered cost-burdened because they’re spending 30% of their income or more on housing costs. People are looking to trim their budgets in any way they can—even if it means moving in with roommates, family, or to more affordable areas […]

Twitter reportedly hasn’t paid rent on its office spaces for weeks

By Richard | Jan 2, 2023

Pedestrians walk in front of the Twitter Inc. headquarters in San Francisco, California. David Paul Morris | Bloomberg | Getty Images In an effort to cut costs following Elon Musk’s chaotic $44 billion acquisition of Twitter, the social media company has stopped paying rent, according to a report from The New York Times. Twitter has […]

How To Win Big As A Buyer In These Market Conditions

By Richard | Jan 2, 2023

In this article I bet you’ve heard people say, “I’m going to wait to buy when housing prices start going down” more than once over the last couple of years. Well, guess what? Housing prices are decreasing, but we aren’t seeing an influx of new buyers. Many of the same people who were waiting for […]

Mortgage demand inches higher as interest rates move lower

By Richard | Jan 1, 2023

After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates. Applications rose 3.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or […]

The 90-Day Mentorship to Grow Your Real Estate Portfolio

By Richard | Jan 1, 2023

There’s a big difference between a real estate portfolio and having a few rental properties. Casual real estate investors can slowly start stacking one or two units a year and eventually end up with financial freedom, but often with stress and headaches that match their cash flow. Other investors, like David Greene and Rob Abasolo, […]

Do You NEED an LLC for Rental Property?

By Richard | Dec 31, 2022

Do you need an LLC for rental property investing? Ask some investors, and they’ll hit back with a resounding “of course!” But ask another group of investors, and they’ll tell you “not at all!” This duality causes many rookie investors to become confused, not knowing when to protect their property with the limits that come […]