Real estate prices fall year-on-year after rising for 131 consecutive months
in this article It had to happen, and finally it did. as of last month a new report From the National Association of Realtors (NAR), real estate prices eventually turned negative, “Median existing-home prices for all housing types were $363,000 in February, a 0.2% decline from February 2022 ($363,700), as prices climbed in the Midwest […]
7 key relationships that will make you more money in any market
in this article This article was submitted by New Western. Read our Editorial Guidelines for more information. let’s face it. It would be difficult to become a local expert in every market where you are interested in buying investment property. It takes a lot of time and effort to become an expert in your neighborhood. […]
Top 10 best housing markets predicted for strong demand this decade
in this article Strong demographics have driven US demand for housing over the past several years. As millennials, now the largest generation alive in the country, have reached a peak home buying age, there has been an increase in demand for home purchases and rental units. This demographic strength has been one of many variables […]
Why agent-investor relationships produce surprising results
in this article I recently asked an agent what they were doing for lead generation. Zillow was one of their sources. Here’s how the conversation went with one prospect. Agent: “Hello, this is Luke Skywalker (names have been changed to protect the innocent). How may I help you?” lead: [weird, heavy breathing] “Hi, this is […]
New proposed tax plan seeks to eliminate 1031 exchanges
in this article President Biden proposed Budget for FY 2024 Seeks to promote improved affordability and expanded access to healthcare and education while cutting taxes for low-income families and reducing the deficit, but the proposed money seeks to raise taxes on the wealthy and provide a significant tax break for real estate investors. comes from […]
How many mortgages can you have?
in this article Have you ever wondered how many mortgages you can have at once? In 2009, Fannie Mae updated its same-borrower policy, revising the maximum number of conventional mortgages a single individual can have from four to 10. In this post, we will discuss what it takes to have multiple mortgages (including an example), […]
Why You Should Use Rent Receipts as a Landlord
in this article Any taxpayer will tell you that you should keep a receipt for every business-related purchase, no matter how small. Yet, many landlords aren’t keeping a paper trail of what is often their most important form of monthly income: rent. A rent receipt is a simple document that shows that your tenant is […]
Can You Deduct Home Improvements on Your Taxes?
in this article Everyone would love to lower their tax bill and owe less money to the IRS. But did you know that you can write off home improvements on your taxes? The good news is that some home improvements can reduce your tax liability. For example, home upgrades that add value to your property, […]
7 Ways Real Estate Investors Can Use ChatGPT
in this article Artificial intelligence has been around for decades, but it seemed much more intuitive when it was just playing checkers. chatgptAn AI language processing tool developed by OpenAI can pass the bar exam, We’ve all seen and read enough science fiction material to have a tinge of fear that robots may be coming […]
What is Net Operating Income (NOI) in Real Estate?
in this article Net operating income (NOI) is an important real estate profitability metric to help you calculate the potential revenue of an investment property. NOI provides valuable data for determining whether to buy a property, estimate potential rental income, or increase rents to boost cash flow. The NOI formula is straightforward. You subtract operating […]
