When debating whether to rent or buy your next place, the argument in favor of renting usually includes the fact that it’ll be cheaper – especially since you don’t have to pay for closing costs or save for a down payment. However, renting a place isn’t all that cheap these days and, depending on what […]
Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resources to do so, would […]
Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall.
If you’re trying to decide between renting or buying in 2018, consider the facts. Some highlights about the cost of renting vs. buying in 2018: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed […]
As the winter fades and spring blooms, it’s important to check and perform routine rental property spring maintenance tasks before the spring thunderstorms roll through. Brentnie Daggett explains 4 ways to protect your property from moisture damage ahead of spring showers. Seasonal maintenance may be a chore, but routine inspections and proactive upkeep will keep your costs down […]
One of the most challenging aspects for aspiring real estate investors is merely getting started. Buying a rental property through conventional loans with 20% down payments can cause unnecessary delays in the growth of your rental portfolio. Smart investors use leverage and every possible advantage to acquire their rental properties. One fantastic strategy, when used […]