Copyright Qode Interactive 2016
Metrolina REIA | Blog
786
page-template,page-template-full_width,page-template-full_width-php,page,page-id-786,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-theme-ver-10.1.1,wpb-js-composer js-comp-ver-5.0.1,vc_responsive
 

Blog

  • Are you putting off a big decision or a big life change because you are afraid of what could happen? There is incredible power in defining and getting clear about the worst case scenario, the nightmare that you’re too afraid to look square in the......

  • The concept of fixing and flipping property has taken a new turn and nowadays, it is a lucrative way for investors to amass wealth and increase their personal net worth. Who knew buying that beautiful yacht would become easy after getting the hang of fixing......

  • Wholesaling is a great way to enter the world of real estate investing because you don’t need much capital to begin with. Real estate offers incredible wealth-building opportunities, but for many, it is difficult to get started in because of the huge capital investment required.......

  • As the real estate market continues to heat up and more people are jumping into the investing business, I am starting to see some interesting and disturbing trends, such as multiple wholesalers contracting to buy the same house from the same seller. Yes, the seller is......

  • There are many ways of categorizing people. Especially when it comes to success or failure. Thinking through what I see at my REIA meetings each month, here’s what I’ve noticed: Losers whine about the weather. Winners get to the meeting. Losers complain about the traffic.......

  • Editor’s note: This is the first of a two-part column.  pl. hyp·no·ses (-sz): An artificially induced altered state of consciousness. Real estate hypnosis is the artificial induction of believing the “rules” of real estate don’t change. That well-established principles of real estate must be followed......

  • Editor’s note: This is the second of a two-part column. The first appeared Sept. 23. “You need money to make money”: This is the most powerful hypnotic lie for most investors. For most of my students this is the biggest barrier they need to break......

  • When speaking to the uninitiated about the innumerable benefits of investing in real estate, a common response I get is: “well, I don’t want to be running out to unclog a tenant’s toilet at 3am.” I wonder if they think that I want to? That......

  • Real Estate transactions have several participants seated at the closing table that are responsible for the success of the deal and that make a profit from the deal. If you were to sit down and figure the hours spent working on the project then divide......

  • It is well-nigh impossible to impossible to be a Real Estate Investor for any length of time without owning a house that sits vacant at some point- be it between tenants, or after a rehab and while you’re waiting for it to sell (in a......

Real Estate Investing Today

  • Realtor.com’s 2020 Housing Market Predictions – Coronavirus Update
    The economists at Realtor.com recently revised their 2020 Housing Market Predictions to take the Coronavirus Pandemic into account. They issued their update in in Mid-May as a way to gauge the “ups and downs” of the housing markets as it finds its footing in response to the Coronavirus.  Among their... Read more »
  • Three Percent of Homes Facing Possible Foreclosure Are Sitting Vacant
    Around three percent of all homes in the process of foreclosure are Zombies (sitting empty), according to ATTOM Data’s latest Vacant Property and Zombie Foreclosure Report.  According to the report, there were just over 1.5 million residential properties in the U.S. are vacant, representing 1.5% of all homes.  Of these,... Read more »
  • ABODO: June Rent Prices are Flat
    National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in May was $1,097 with two-bedroom units coming in at $1,344.  They remind readers that pandemic’s effect on nationwide rental prices is still a moving target: “The long-term effects of COVID-19 are still to be... Read more »
  • Zumper Says Pandemic Shifted Apartment Demand Away from Big Cities
    Rental information site Zumper recently released their National Rent Report for June, 2020 showing that the median national rent for 1-bedroom apartment was $1,1217 (down 0.2%) and the median two-bedroom rent was $1,473.   Year to date, both one- and two-bedroom rents were down 0.5%.  Indeed… “…It seems the pandemic has shifted... Read more »
  • Construction Spending Down 2.9% in April
    The U.S. government is reporting that total construction spending in April was at a seasonally adjusted annual rate of $1,346.2 billion, which is 2.9% higher than March’s revised estimate.  However, April’s figure was 3% higher than April, 2019.  Residential construction was at a seasonally adjusted annual rate of $536.8 billion... Read more »
  • Majority of Homeowners Approved for Forbearance May Not Have Needed It
    A new report from LendingTree finds that the majority of homeowners approved for a mortgage forbearance may not have needed one.  According to their research, of the homeowners surveyed, 25% applied for forbearance due to a coronavirus-related hardship and 80% were approved.  But here’s where it gets interesting;  While the... Read more »
  • Coronavirus Sends Pending Home Sales Downward 21.8% in April
    The National Association of Realtors are reporting that with nearly all states under stay-at-home orders pending home sales dropped 21.8% in April.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped to 69.0 with every major region experiencing a drop in month-over-month contract activity.  In... Read more »
  • Steady Rise of Podcasts
    Last Fall, our quarterly online survey told us that over 60% of REI2Day readers listen to podcasts – we even feature some on our site!  Today’s infographic from Statista reminds us that podcasts are becoming a pretty big deal.  In fact, they point out that the format’s rise in popularity... Read more »
  • S&P CoreLogic Case-Shiller Index Up 4.4% in March
    According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 4.4% annual gain in March.  Their 10-City Composite annual increase came in at 3.4% and the 20-City Composite posted a 3.9% year-over-year gain.  The S&P CoreLogic Case-Shiller Home... Read more »
  • Mortgage Applications Up 54% Since Early April
    With interest rates at all-time lows, CNBC’s Diana Olick is reporting that mortgage application numbers have risen 54% since early April, which she also says marks the first annual increase since the Coronavirus pandemic.  The cited data is from the Mortgage Bankers Association Market Composite Index, which measures mortgage loan... Read more »

Meck Times

  • INVESTORS’ CORNER: The Wholesale Trail 
      For the past few years, one of my main passions has been to educate and elevate the “wholesaling real estate” industry. It’s gratifying to see that more and more individuals are understanding the distinction between marketing contracts and marketing properties. Fundamental knowledge like that is not only important for... Read more »
  • INVESTORS’ CORNER: When you take away Free Markets, you create Black Markets 
    The above is a quote from Winston Churchill, and is every bit as true today as it was well over half a century ago when he said it.  Please allow me to explain specifically why in terms of real estate: Government intervention into the free-market economy of Real Estate is... Read more »
  • INVESTORS’ CORNER: The Power or Indignation 
    Indignant is not a very strong adjective. True, it hits much harder than its perfumed and delicate cousin petulance, but carries nowhere near the weight of its 3 elder brothers- rage, infuriation, and even exasperation. We all have somewhat unique individual reactions when life “hands us lemons”.  The states of... Read more »
  • INVESTORS’ CORNER: The Wholesale Trail 
      For the past few years, one of my main passions has been to educate and elevate the “wholesaling real estate” industry. It’s gratifying to see that more and more individuals are understanding the distinction between marketing contracts and marketing properties. Fundamental knowledge like that is not only important for... Read more »
  • 1031 buyer purchases lab/office property on NC State University’s Centennial Biomedical Campus 
    JLL Capital Markets and Capital Associates announced today that it has closed the $17.675 million sale of the Biomedical Partnership Center, a 44,835-square-foot, recently constructed office flex/lab building in Raleigh. JLL and Capital Associates represented the seller, CBC Flex Lab LLC, and procured the buyer, Flex III Subsidiary LLC, a... Read more »
  • INVESTORS’ CORNER: Handing Rental Property Turnover 
    The final rental property system has to do with the turnover time between tenants. This could be as short as a couple of days (my favorite) or a month or two (not good). Here are the goals we have for our turnover system: FAST turn-around time. Every day of vacancy... Read more »
  • INVESTORS’ CORNER: The Financial Independence Number Defined 
    Investment income is the money you receive from investment assets like real estate, stocks, and bonds. When your investment income exceeds your personal money needs, you no longer need to trade hours for dollars in order to survive financially. In the language of real life, this financial independence number means... Read more »
  • INVESTORS’ CORNER: Don’t Squander Your Most Precious Resource 
    As Real Estate Investors, we are largely independent of the direction and supervision most employees receive, and thus the temptation to misuse time until such misuse has become a habit is greater than many of us are consciously aware of. Ben Franklin, our Country’s first millionaire, was famous for his... Read more »
  • INVESTORS’ CORNER: That’s Not Funny! 
    Did you ever notice that some of the very funniest things we have as memories and to tell stories about were not the least bit funny at the time the event(s) occurred? I had a rental property in Michigan where the tenant was getting assistance to pay for her housing... Read more »
  • INVESTORS’ CORNER: Open the Flood Gates with a Personal Guarantee 
    What are Personal Guarantees and Why On Earth would anybody sign one? A Personal Guarantees is a promise to pay corporate debt if the corporation is unable to do so.   A personal guarantee can eliminate a primary benefit of a corporation, in that the individual owner can be exposed... Read more »