Avoid 6 Common Real Estate Investing Mistakes
Start small? If you buy one rental as an investment, you lose 100% of your income if it’s not occupied. And good real estate shouldn’t be sold, it should be refinanced.
Judge Won’t End Eviction Ban, Says ‘Hands Are Tied’
A judge that ruled against an earlier eviction ban version said an appellate ruling keeps her from doing so this time. An appeal is likely, possibly to the Supreme Court.
Feds Say New Agreement Will Boost Fair Housing Enforcement
HUD and FHFA (Fannie Mae, Freddie Mac) signed a memorandum of understanding (MOU) to work together. The change allows HUD to more aggressively check for Fair Housing Act violations by giving it easier access to deals funded with conventional mortgage loans.
Bidding Wars Coming Back – But in the Rental Market
In some areas, landlords faced with multiple rental applications are seeing some offer more rent or a higher deposit in hopes of upping the chance they’ll get the unit.
Hot Housing Market Drives Home Fix-Ups
Remodeling hit a high during lockdowns when homeowners had time and an increased frustration with their living space. Now, rising home equity entices them.
Relocating Consumers Focus on Pets’ Happiness Too
Many buyers and renters consider a new home with “Will my pets be happy here?” playing in their head – and are willing to compromise their wants for a “yes” answer.