Apr 1, 2018
FAR 094 Expected Air Date: 12/04/17
Announcements:
- NEW NEW! Call in to our comments line! 404-369-1018, extension 1. Leave your message.
- Questions@flippingamericaradio.com Tell us where you’re from!
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- Check in with us every Tuesday for “Tuesdays at Two”
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- IF WE READ YOUR QUESTION ON THE AIR, WE WILL SEND YOU A TICKET TO OUR NEXT FLIPSTARTER EVENT. THAT’S A $97 VALUE!
News:
- Inventory is key in housing market. This article is a fine macro-economic approach to interpreting the current real estate market. In short, all of the RE asset classes EXCEPT single family homes have peaked and their rate of increase has leveled off. The SFR market is up and all signs point to it continuing that way for awhile. The SFR market seems to be the last to be affected by other market conditions. The author acknowledges that while the peak is not in sight currently, it has to turn around eventually as prices are going beyond the ability of consumers to buy. The article is well-researched and full of helpful charts and graphs. https://seekingalpha.com/article/4128209-inventory-key-housing-market
- The 20 most profitable housing markets this year. Although no hold time criteria is provided, it sounds like these are owner occupants, not investors. Still, it supports the general upward trend. http://blog.credit.com/2017/04/the-20-most-profitable-housing-markets-this-year-171991/
- The 20 areas with the most flipped homes (by volume). http://blog.credit.com/2017/09/20-metro-areas-with-the-most-flipped-homes-179126/
- The 25 hottest markets (in terms of vacancy). This implies rental, but the article doesn’t clarify. http://blog.credit.com/2017/11/25-metro-areas-with-the-hottest-housing-markets-179816/#comments
- Interest in secondary markets a bad thing? https://seekingalpha.com/article/4129319-growing-interest-secondary-markets-warning-sign-real-estate
- The best set of house flipping stats I’ve seen yet. Loaded with information. (spend some time going through this one) https://www.attomdata.com/news/home-flipping/q2-2017-u-s-home-flipping-report/
Emails:
Questions@flippingamericaradio.com Tell us where you’re from!- Sandra,
Baltimore, MD, “I went to a seminar last weekend on rental
properties where they are going to do everything for me. They have
houses rented out that they will sell me. They offer financing on
the houses. They showed me a sheet that had the payment, including
taxes and insurance and the rent payment was $244 more than the
house payment. There were several properties and they were all
pretty similar. I have to come up with about $30,000 for each house
I buy and I’m thinking about buying 10 of them. The only thing that
concerns me is the interest rate. It’s 12%, which seems a little
high. If it were lower I know I could make even more money, but
they will only sell me the house if I use their financing. What are
your thoughts on this?”
- The business model is fine. These numbers are a ripoff.
- Justin, Indianapolis, IN “I’ve got a great job I love so I don’t want to flip houses, but I’ve saved enough money for a down payment on a rental property. I’m single, so I have time to manage this myself. What should I be looking for?”
- Warren,
Rochester NY, “How do I find good tenants for my rental? I’m
closing in two weeks and want to start looking for a tenant now.
And do I need to hire a management company for just one house? It’s
not far from my home so I’m thinking I can manage it myself but I
want to do it right.”
- LPA
- Baserent
- Naomi, Jackson, MS, “I have a delinquent tenant and am trying to figure out the process for getting them out of my house. I have one friend who says one thing and another friend who says another. Both of them used to be renters and saw people get evicted. I need to do this, but I don’t want to do it wrong. Please help.”
- Darrel, Austin, TX, “What are some of the technology solutions you have or are using in your investment business?”