Land for Housing is Short Because of Land-Use Restrictions & Lack of Infrastructure
BY BRAD BECKETT ON OCTOBER 6, 2022
A recent article in the Wall Street Journal says land for housing is in short supply because of land-use restrictions and lack of infrastructure. They say land-use restrictions and a lack of public investment in roads, rail and other infrastructure have made it harder than ever for developers to find sites near big population centers to build homes. Click here to read more.
Read moreIs Your Rental Applicant Hiding Behind an Alias?
BY BRAD BECKETT ON OCTOBER 6, 2022
On a recent episode of the Rent Perfect podcast David Pickron says one thing that is critical to being a successful landlord is knowing exactly who is applying as a tenant for your property. Click here to read more.
Read moreSelf-Storage Use by Generation
BY BRAD BECKETT ON SEPTEMBER 29, 2022
A new report from RentCafe says the growing share of renters among American households have increased both the interest and use of storage space. Interestingly, members of Generation X are the most likely to need extra space for their stuff, followed by baby boomers and millennials. Click here to read more.
Read moreTheft-Proof Rehabbing
BY PETE YOUNGS ON SEPTEMBER 28, 2022
Pete Youngs says one of the most common things he runs across no matter where in the country their properties may be, is theft or vandalism. From neighborhood kids tagging with spray paint to full blown breaking & entering and burglary, you will want to avoid this if possible. Here are his suggestions. Click here to read more.
Read moreMortgage Rates Highest Since 2008
BY BRAD BECKETT ON SEPTEMBER 23, 2022
Infographic: We saw recently how mortgage applications have taken a nosedive in the face of rising interest rates, intense competition and rising prices. Today’s graphic from Statista illustrates how the average 30-year fixed mortgage rate has sharply risen to levels not seen since 2008. Click here to read more.
Read moreWhere Do People Pay the Most in Property Taxes in 2022?
BY BRAD BECKETT ON SEPTEMBER 21, 2022
The Tax Foundation says property taxes are the primary tool for financing local government as well as generating revenue in some states. Click here to read more.
Read moreWells Fargo to Pay $94 Million to Settle Mortgage Forbearance Class-Action
BY BRAD BECKETT ON SEPTEMBER 21, 2022
HousingWire is reporting that Wells Fargo agreed to pay $94 million to settle a class-action lawsuit that placed more than 200k mortgage borrowers into forbearance during the pandemic, unlawfully and without their consent. Click here to read more.
Read moreRising Inflation Causing Hardship for Majority of Households
BY BRAD BECKETT ON SEPTEMBER 16, 2022
We saw in the news this past week that inflation continues to rear its ugly head. Today’s graphic from Statista illustrates how inflation is causing hardship for the majority of U.S. households. Click here to read more.
Read moreTrusting Your Trustee
BY JEFFERY S. WATSON ON SEPTEMBER 14, 2022
Jeff Watson says many real estate investors consistently use what he calls a “grantor revocable title holding trust”, which is a more accurate term than “land trust”, to take and hold title to a piece of real estate they buy for investment purposes. Such trusts can be used whether the property is being held as a long-term rental or being bought as a buy, fix and resell or being resold as a quick flip. The most important component of such an arrangement is the capacity and integrity of your trustee. Click here to read more.
Read moreTwo-Thirds of Millennials & Gen Z Who Moved Back Home Are Still There
BY BRAD BECKETT ON SEPTEMBER 13, 2022
A recent report from LendingTree says 32% of young adults moved back home during the pandemic – two-thirds of which are still there. Slightly more than half (51%) of those who moved home said it was out of necessity. Click here to read more.
Read more