Landlords in Washington State have been noticing how it has been becoming more and more difficult to be a landlord. There was a lengthy eviction moratorium and rent freeze during the pandemic. Leases that converted to month-to-month after annual terms Read more…
When deciding what property to purchase as an investor, it is useful to compare properties by calculating the cap rate for each property being compared. Cap rate is a term used in the real estate industry. It is short for Read more…
Many states and local jurisdictions have imposed eviction prohibitions on landlords. In some locations, landlords cannot evict even if the tenant was far behind on rent before the COVID lockdowns and has an income as an essential worker. In some Read more…
If you’re looking to invest your hard-earned money, you might be debating between investing in stocks vs. real estate. What’s the right option for you? Should you put your hard-earned money into the stock market, or should you buy real Read more…
In another post, I discussed cap rates of duplexes and properties for which income and expense information is readily available. With a multifamily property, you can demand rental history information or a schedule E from the seller. This is not Read more…
One of the first things you should learn as an investor is how to calculate “cap rate” (capitalization rate). This is the rate of return from rent for the first year of ownership, if you paid all cash, assuming zero Read more…
The United States is one of most affordable countries in the world right now in which to buy real estate. You don’t have to believe me, take a look at this and sort by affordability or by mortgage percentage of Read more…
This map shows gross rental yields by market. I doubt they are considering taxes, vacancy rates, cost of utilities, etc., and the data is crowdsourced so not scientific, but it can give you some rough ideas. I’ve personally invested in Read more…
Real estate investing can be a lucrative way to build wealth and generate passive income. Whether you’re a beginner or an experienced investor, there are various strategies you can employ to achieve your financial goals. In this comprehensive guide, we’ll Read more…
Inventory is one of the factors relevant to whether prices are likely to rise or decline, and whether quickly or slowly. Inventory in Washington State in August 2024 is up 49% from August 2023. Inventory is not up as much Read more…
The National Association of Realtors recently settled a class action lawsuit regarding how commissions are advertised. What does this mean for buyers? Very little. The manner in which buyer’s agent commissions are disclosed is changing. Not much else. Buyers may Read more…
The National Association of Realtors recently settled a class action lawsuit regarding how commissions are advertised. What does this mean for sellers? Very little. The manner in which buyer’s agent commissions are disclosed is changing. Not much else. Sellers may Read more…
Washington State and City governments continue to make it harder and harder to be a landlord. A new city ordinance was introduced that requires landlords to give renters a minimum of 180 days notice when increasing rent, even if only Read more…
CoreLogic’s Market Risk Indicator is a monthly update of overall health of housing markets across the country. They predict that there is above a 70% probability of a price decline in Spokane, West Palm Beach, Tampa, Atlanta, and Deltona-Daytona-Ormond Beach Read more…
On average, across the country, it costs 25% more to own than rent, in terms of monthly payments. Still, there are a handful of cities in which is it cheaper to own than rent. Those cities are Detroit, Philadelphia, Cleveland Read more…
According to Fannie Mae’s Economic Developments, there will be a mild recession in 2024 followed by a recovery in 2025. GDP surged to 4.9 percent annualized growth in the third quarter of 2023. However, they believe this is based on Read more…
At the top of this site I have links to some of my favorite websites for predicting where values are heading for various real estate markets. Local Market Monitor and Ken Wade’s Housing Alerts are two of my favorites. Both Read more…
Redfin has made several real estate predictions for 2024. They start by predicting that home prices will fall 1% year over year in the second and third quarters. Home prices will fall as supply increases. This compares closely to the Read more…
Considering all the TV shows about flippers who extensively remodel homes, one would be forgiven for assuming that it usually pays off to extensively remodel the home they are living in, that you will get your money out when you Read more…
While apartment supply growth is exceeding demand in most markets, due to new supply finally coming online after construction delays during the pandemic. More than 107,400 new units were completed nationwide, approximately. There are a few markets where demand exceeds Read more…
I previously wrote an article warning investors not to rely on Airbnb projected income numbers when evaluating potential income properties for purchase. Now, Reventure Consulting reports that numerous owners of Airbnb properties are preparing to sell their properties due to Read more…
According to a report by Global Property Guide, after experiencing significant growth for several years, there is a noticeable decline in global housing markets. This is not unexpected, given the combined negative impacts of reduced purchasing power caused by high Read more…
Everyone is aware that limited liability companies (LLCs) can provide liability protection by insulating personal assets from claims by tenants for actual or perceived wrongs by a landlord. While insurance can often provide all the protection that is needed, LLCs Read more…