home sales

July 18, 2015

Fewer Renters Can Afford to Own–Great news for Landlords!

As real estate investors, opening up the Wall Street Journal can sometimes cause a panic attack. But in June 2015, this article came out giving most investors a sigh of relief and even a tingle down their leg. Spoiler Alert:  You’re going to make good money for a number of years to come if you play the market smart. http://www.wsj.com/articles/new-housing-crisis-looms-as-fewer-renters-can-afford-to-own-1433698639 Here’s a few bullet points if you don’t have time to read the entire article (but please read it eventually…) The U.S. homeownership rate is below where it stood 20 years ago when President Bill Clinton launched a national campaign to encourage Americans to buy homes. Conventional wisdom says the rate, at 63.7%, is leveling off to where it was for decades before the housing-market peak. The declines reflect a surge of new renter households, which is boosting rents. Together with tougher mortgage-qualification rules, this will leave households stuck between homes they […]
March 9, 2016

Housing Market Recovery–Split like Charles Dickens classic….

Today’s WSJ published an article about the US Housing Market recovery diverging into two recoveries.  Reminds me of the Dickens classic a bit…. Essentially, lower priced inventories are vanishing fast while inventory on the higher end piles up.  While on the surface this might seem like “Economics 101” (and it does reflect some of that light) there is more to the story, especially as it relates to your rental portfolio positions and future purchases. WSJ Housing Market Takes on Split Levels 030816. Here’s some of the highlights from the article: On the low end, after a slow recovery from the housing bust, first-time buyers are finally returning to the market, bolstered by still-cheap mortgages. But after years of little new construction, inventory is still tight. High-end buyers, meanwhile, are more sensitive to the stock market’s struggles this year.           So…..how does this information impact your rental […]
April 12, 2016

Liar Loans making a Comeback….future opportunity to buy more Rental units?

Have you seen this movie yet? If not, don’t worry….you will soon possibly be re-living it in just a few years. According to this WSJ article, similar loans are coming back around. (ADA Moment here:  Did ANYONE on Wall Street or in the lending world learn a damn thing since 2008 real estate meltdown?) Sigh….. Ok, now that I have that out of my system, here’s the link to read the entire article.  Liar Loans making a comeback Here’s my thoughts on this situation: Keep some of your powder dry.  With the reintroduction of these types of higher risk loans, this implies there will be good opportunities in the next 3-5 years to pick up more distressed properties. Greed is good….for you and I to take advantage of others hubris and ignorance.  Just make sure you don’t get too greedy.  Pigs get fat–hogs get slaughtered! Take stock of your current […]
August 26, 2016

Crowdfunding for Your Real Estate

You’ve heard of Crowdfunding for all kinds of funky new products and companies, but real estate?  No, you’re not doing a double take. Yup.  It’s here. Check out this article about crowdfunding and how it can impact your Retirement Plans. http://money.usnews.com/investing/articles/2016-08-23/pros-and-cons-of-real-estate-crowdfunding-for-retirement  
September 8, 2016

Are we in another Housing Bubble already?

  Kids like bubbles.  Even dogs like bubbles. Real Estate Investors typically don’t like bubbles.  But it doesn’t have to be that way if you think about it…. A recent article on CNBC highlights the possible statistics pointing to another Housing Bubble for specific States and Cities in the US. However, unlike the last major bubble, the underlying forces causing this bubble are distinctively different. Here’s the full article link:  http://www.cnbc.com/2016/08/29/were-in-a-new-housing-bubble-why-its-less-scary-this-time.html My favorite Take-Away paragraph from the entire article is this…. “Rental demand, especially for single-family homes, is very strong and is an attractive income stream for individual investors and current homeowners. As millennials age into their prime homebuying years, more than ever before they are choosing to rent single family-homes, because they either don’t meet mortgage credit requirements or are unable to save for a down payment because rents are so high.” So, if you’re worried how the housing […]
March 18, 2017

Sell it or Rent it? Just don’t let your head explode thinking about it….

The phone call or email or text exchange always happens this time of year.  It’s more predictable than what happens if you eat that Free gas station sushi and your digestive system. It always starts out with the landlord-angry-frustrated-pissed off-incredulous-beside themselves after they have sat down with their accountant or CPA and gotten the news about how much in taxes they have to pay on their total income for the past year.  They’re heads are about to explode like a Super Nova. Finally the question gets asked to me,”Should I keep renting this house or sell it?” It’s at this point that the serious, logical dialogue starts and it usually covers the full gamut of financial calculations, emotional reasons for each action plan, and finally a projection of the results for each. Ultimately, each landlord has to make that decision themselves.  But assembling the critical data to make an informed […]
July 25, 2017

Meet your New Landlord: Wall Street

The Backstory to Now…. Clients who hire me to coach them before and during their first investment property transaction ask how and when and where all the money came from Wall Street to buy so many thousands of rental homes.  Answering them takes patience and detailed explanations as this is the first time in history such a platform of investment has occurred on such a massive scale. This WSJ article does a solid job of discussing the backstory, the history, and leads with some hints about where the industry of property leasing is headed.  After all, big investors have plopped $40,000,000,000 into buying 200,000 houses as rentals. Some questions for you to ponder as you read the article: As a small, private investor:  How can you compete with these powerhouse-landlords on pricing, marketing, and profit margins? As a property manager:  What lessons can you take away from the article on […]
October 4, 2017

Rental Fraud–The Good, the Bad….ok, there is no good about it.

Rental Fraud continues to be a scourge on the real estate industry. By attending this educational event, REALTORS will learn: What Rental Fraud is and why it occurs How to recognize it when it occurs How to protect your Seller and Landlord listings if it occurs to You How to protect YOUR REPUTATION if it occurs to Your listings How to report it to the authorities Hosted by Eastern Division of MIBOR. Looking forward to seeing everyone there!