Due to insufficient domestic production and tariffs on Canadian sources, the price of lumber has staged a staggering increase in recent months, rising roughly 80% since mid-April to an average price above $600 per thousand board feet. This increase will add thousands of dollars to the cost of a typical newly-built home, thereby constraining housing supply, exacerbating affordability woes and limiting housing’s economic impact.
According to a report from the MBA, mortgage applications were back up 6.8% last week, further evidence that thanks to the pandemic August is the new May for home-buying.
Wondering how to find houses to flip for a profit? We know it's not the easiest task and we want to help. Check out these four ways to find houses to flip.
People all over the country are swooping in to buy real estate while prices are at rock bottom.
With the market slow, the economy weak, and many sellers also eager to move into new places, buyers are getting fantastic deals on homes they might not have been able to afford just one year ago.
With a little life hacking, you can make money on what are normally Americans' two largest expenses. Talk about expediting your journey towards early financial freedom!
Foreclosure.com, search the latest nationwide foreclosed properties with the most up-to-date foreclosure data. Foreclosure listings in every state and every status from start to finish, with new foreclosed homes for sale updated daily throughout the U.S.
Today we’re interviewing Kathy Fettke. Kathy is the host of the Real Wealth show, which was one of the first podcasts on iTunes with over 1,800 episodes and 5 million all-time downloads. Kathy is the co-founder of the real estate investor network and the best selling author of Retire Rich with Rentals, she is a frequent guest expert for major media outlets like CNN, CNBC, Fox News, Bloomberg, NPR, CBS Marketwatch, and the Wall Street Journal. Kathy specializes in teaching people how to build multi-million dollar real estate portfolios through creative finance and planning. Links and Resources RealWealth.com Real
One of the most basic principles in Economics is that price = where the supply curve meets the demand curve. I’ve read several posts where it is a “seller’s market” due to low supply and houses will sell quickly with multiple offers. According to my Econ textbook lower supply (with demand unchanged) means prices should increase. It seems to me that real estate agents might be trying to convince the homeowner to underprice their home to make a quick sale instead of raising prices relative to the supply/demand curve. For example, the difference in agent commission between changing a price 25k is minimal and the real estate agent would much rather “a one day on the market” sale then “one month on the market”. However 25K price difference is huge for the home owner.
Bandit signs are one of the best ways to market for both buyers and sellers. One of the great benefits is that it is one of the lowest cost per lead for acquiring real estate leads.
Marketing using bandit signs is both a low cost and low time investment as well. Each sign should cost less than $2 and you should spend 2-4 hours per week doing this.
For best success, create a map and map out where you're putting your signs.
Before you decide on your messaging for bandits signs, you'll need to understand your target market and what they are looking for. What are motivated buyers and sellers looking for and how can you create effective bandit signs?
Listen / Share / Download Listen Watch https://youtu.be/S4RNy4pkJH8 Show Notes Yo! Follow Along (https://flippingjunkie.com/followalong) and see how week 3 went. I report on my KPI's and about the house I put under contract. I also go into showing how I'm finding owners' of vacant
How do you know whether or not you have a good real estate deal on your hands? These are the most important metrics professional investors pay attention to.
Millions of American homes could become unsellable—or could be sold at significant losses to their senior-citizen owners—between now and 2040, according to new research from the University of Arizona.
Though rare, squatter's rights may allow for unauthorized occupants to take up residence at your property. Learn how to deal with this unnerving situation.
Investor-to-Investor Networking and dynamic Haves & Wants are an important part of the Tucson AZREIA meeting. This is your chance to meet local investors, ask for what you need, and share what you have. Deal of the Month is your chance to find out what your local investors are doing and how they are doing it. Don’t miss this opportunity!
Local Market Update:Bob Zachmeier presents the latest in trend analysis for the US, Arizona and Greater Tucson including existing homes, new homes, foreclosures, REO, short sales and traditional sales. What investment strategies are working and why. This is must know information for the serious real estate investor.
Tucson Main Meeting: Investing in Mobile Homes and Mobile Home Parks Affordable housing is the hottest segment in American real estate as it combines the nation’s most essential product with a price point that those earning minimum wage to $15 per hour can afford. The mobile home and mobile home park sectors of investing offer spectacular returns on investment, extremely low entry price points, the virtual absence of competition, and huge ability to push rents, occupancy and cost-cutting, as you bring older communities back to life. In a nutshell, this sector is the best investing option in American real estate.
If you are trying to find a real estate niche that allows you to make huge returns starting with as little as zero capital, then you should attend. We’ll show you a range of options of how to invest including contract assignments, master lease with option, zero down seller carry, and a wide variety of traditional purchase options.
You will learn the basics of how to identify, evaluate, negotiate, perform due diligence on, renegotiate, finance, turn-around and operate both mobile homes and mobile home parks.
Learn from Frank Rolfe, who the New York Times calls “the human encyclopedia of all things mobile home” and serves as part of the 5th largest ownership of mobile home parks in the U.S. with over 20,000 lots.
Pricing Options
Guests: $20.00
AZREIA Membership Registration: $10.00
PLUS Member Registration: FREE
Online Members: $20.00
Arizona Real Estate Investors Association
1841 N. 24th Street Suite 10 | Phoenix, AZ 85008 | PH: (480) 990-7092 | F: (480) 990-7017 | E: memberservices@azreia.org
In my Investor Profile Series, I use a question & answer format to share the stories of actual real estate investors at different stages of their investing careers. Today’s investor profile is with Jay Medina,
Cash-on-cash return, return on investment, capitalization rate, annualized rate of return, and internal rate of return—with so many metrics, it can be hard for an investor to understand what their actual returns will be.
Here's why one economist believes a foreclosure wave is unlikely Odeta Kushi, the deputy first economist at First American, doesn't believe the COVID-19 crisis will lead to a massive spike in forec...
Foreclosure, according to Kushi, is a two-step process that requires both an adverse economic condition and a lack of home equity in a property, Kushi explained in a new study. Not every delinquency turns into a foreclosure because a homeowner can tap into the home’s equity through a sale or refinance.
“The rising inability to pay in this crisis is unlikely to lead to large amounts of foreclosure activity because homeowners have more equity than ever before,” Kushi said.
The 2001 recession, for example, led to an increase in unemployment but the number of new foreclosures bared increased because household equity was so high. But the 2008 recession lead to a huge spike in foreclosures because high levels of household debt collided with a decline in house prices.
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