Disconnect Between the Asking Price vs Turnkey Price
One effective way to find off-market properties is by building relationships with real estate agents who have pocket listings of distressed properties they aim to sell for cash. Many seasoned agents have investors on speed dial, benefiting from quick cash offers and, when permitted, acting as dual agents to retain the full commission without splitting […]
All-Cash Offers From Big Investors Recede
July 29, 2024 | 2 Minute Read During the hypercompetitive pandemic years, cash was king as investors flooded the housing market with hefty cash offers. Now, however, the trend is shifting. According to a recent Realtor.com® report, the percentage of investors purchasing homes with cash dropped to 64% in the first quarter of 2024. This […]
What is a DSCR Loan?
July 8, 2024 | 2.5 Minute Read Time A Debt Service Coverage Ratio (DSCR) loan is a type of financing used in real estate that focuses on the property’s cash flow rather than the borrower’s personal income. Here are the key features and aspects of a DSCR loan: Debt Service Coverage Ratio: The DSCR […]
Real Estate Fearmongering for Clicks
July 8, 2024 | 5 Minute Read Time I am always amazed by the number of experts or gurus on YouTube predicting a real estate crash in 2024. Many of these YouTubers skillfully use psychology to craft their content, titles, and thumbnails to maximize clicks. More clicks translate to more subscribers and greater opportunities to […]
I Made $27,660 in Six Hours Flipping This House
June 24, 2024 | 4.5 Minute Read HOW I FOUND THE DEAL (1 Hour)On May 8th, we decided to sell one of our short-term rental properties. Although it performed well on Airbnb and VRBO, we wanted to liquidate part of our portfolio, which included a 5/1 ARM at 4.25% that would reset in about two […]
Understanding Hard Money Loans
April 29, 2024 | Reading Time: 1 Minute If you are looking to fix and flip a project and need a hard money lender, they will loan you up to 90% of the purchase price and 100% of the renovation costs. However, the total amount is capped at 75% LTV (loan-to-value) of the after repair value […]
Federal Reserve Holds Rates, Plans Three Cuts This Year
March 20, 2024 | Reading Time: 1.5 Minutes The Federal Reserve decided to keep interest rates unchanged, maintaining them at about 5.3 percent, with a forecast indicating a potential decrease to 4.6 percent by the end of 2024. The Fed is cautiously considering rate cuts in response to persistent inflation but is also mindful of […]