https://www.scmp.com/comment/opinion/article/3077679/post-coronavirus-us-will-want-weaker-dollar-whether-world-likes-it Before COVID-19, President Trump was not a fan of the high U.S. dollar. He stated: As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate Read more…
Author: malhotraspokane
The Federal Reserve chair, Jerome H. Powell, stated on Wednesday that the United States was experiencing an economic downturn “without modern precedent.” The downturn could permanently damage the economy unless the government provides more bailouts to prevent bankruptcies and lengthy Read more…
https://magazine.realtor/daily-news/2020/05/05/more-banks-halt-helocs Banks have been tightening requirements for loans due to the Wuhan COVID-19 pandemic. Lines of credit are new casualties. JPMorgan Chase and Wells Fargo have announced that they will no longer be accepting applications for new HELOCs.
Ingo Winzer, of Local Market Monitor, winner of the 2019 Crystal Ball award, has some real estate predictions for 2020. He predicts that real estate will not suffer a crash like the one after 2008. Reasons for this is that Read more…
https://www.biggerpockets.com/blog/5-reasons-2020-recession-completely-2008?utm_source=newsletter In this article, the author posits 5 reasons why there will be a post-COVID19 recession that will be worse than the 2008 recession. His reasons are: 1. Statistics From 2008 do not Compare to 2020 YTD The national debt Read more…
Sidewalk Labs, a relative of Google, cancelled its Toronto “smart city” waterfront revitalization project, citing “unprecedented economic uncertainty”. This was supposed to be a futuristic, data-driven city development along Toronto’s lakeshore. Sidewalk Labs previously caused an uproar when it proposed Read more…
This article could also be titled “how to determine if a rental property is a good deal.” This is also the story of my first duplex, which has always generated positive cash flow. I had always been interested in real Read more…
If you haven’t heard already, it is harder to obtain financing for real estate purchases. Forbearance is being forced on banks. They are required to let borrowers skip mortgage payments. They can recoup the missing payments with interest later, but Read more…
If you have a goal of learning how to invest in real estate, I suggest you start by reading books (as well as networking with established investors). You will usually get a lot more value per dollar with a book 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 order to find positive cash flow real estate, it is helpful to know how to calculate cap rate. Here is a cap rate calculation using actual numbers. Such numbers can be obtained from a seller is you ask for 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…
You have probably seen the promotions: guaranteed 9% rate of return for first 3 years. It sounds very tempting as it is a turnkey investment with a high cap rate. You, as an investor, do not need to worry about Read more…
Understanding the APOD for Real Estate | BuyGEG 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 Read more…
Late night TV gurus sell you on the fabulous lifestyle that can be yours if you invest in real estate. They tell you that you can do it with no cash and no credit. The typical formula is to buy Read more…