Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors
Understanding Rent Increase Notices: How to Properly Notify Your Tenant
There are many moving parts to being a landlord, and rent increase notices are one of them. Because of this, it’s important to become well-versed in crafting rent increase letters and also know the proper way to deliver them to your tenants. Dive in to learn more about what steps you should take to inform your tenant that the rent will increase.
Navigating the 1031 Exchange: A Guide for Real Estate Investors
Using a 1031 exchange capital gains deferment strategy is a clever and legal way to postpone paying capital gains taxes on the sale of a property by reinvesting the money from that sale into a like-kind property, all in the name of investing in a more lucrative property. Dive in to learn more…
Cutting Through Red Tape Bureaucracy to Fix the Affordable Housing Crisis
The United States has been dealing with an affordable housing crisis for far too long now, and those who have done their homework know the bureaucracy that took place over the past four years played a big part in taking down the housing market. However, there’s been a renewed sense of hope this year when an executive order titled Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis was signed, which touched on lowering the cost of housing and boosting inventory – Dive in for more details.
Evaluating Rental Property Performance By Calculating Cash-On-Cash Return
A key metric I often incorporate into my real estate investment strategy is what’s called cash-on-cash return. It’s a great method of determining potential profits, and so it’s certainly worth the time to learn how to calculate cash-on-cash return on any property you’re looking into.
Interest Rates Left Unchanged by Federal Reserve Amid Inflation Concerns
The Federal Open Market Committee (FOMC) held its meeting this week, which resulted in the benchmark interest rate being left unchanged following three consecutive rate cuts that took place under the Biden-Harris Administration. This leaves rates at their current range of 4.25% to 4.5%, with the Feds claiming economic uncertainty and persistent inflationary pressures for the pause.
ROI Calculator for Real Estate: Calculation, Interpretation, and Decision-Making
Calculating return on investment (ROI) is a common guiding metric used by investors that can help figure out whether a property is worth their time and effort or not. That said, there are a few handy ROI calculator real estate tools out there that I’ll direct you toward, but I’m also going to provide some useful information that will enable you to do the math yourself. Dive into this article to learn more.
30-Year Mortgage Rates Fall Under 7% After Six-Week Climb
After a stretch of increases lasting over a month, mortgage rates have finally dipped below 7%, providing some hope for prospective homebuyers. According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate fell to 6.96% on January 23, down from 7.04% the previous week.
Nightmare for CA Fire Victims Intensifies as Price Gouging Leads to Extreme Rent Hikes
Over 15,000 structures have been destroyed in the wake of the California fires, and with that comes the displacement of families desperately seeking shelter. This surge in demand has led to rent hikes due to self-serving price gouging by those who see this tragedy as an opportunity for profit. Continue reading to gain more insight into the situation.
Understanding Property Management Fees and Why They’re Worth the Cost
Having spent nearly two decades in the rental real estate industry, I’ve seen firsthand how not utilizing a property manager so that you can save some money can put an investment at risk. That said, know that when researching information on property management fees, it shouldn’t just be about finding a company with the lowest rates, but also about realizing the value and safeguards that a property manager brings to the table for a certain fee.
Climbing Mortgage Rates Create Barriers for Homebuyers, Open Doors for Investors
On Thursday, January 9th, Freddie Mac revealed that the average 30-year fixed-rate mortgage had risen to 6.93%, marking an increase from the previous week. As mortgage rates continue to climb, potential homebuyers struggle to purchase a house, leading them to rely on the rental market. In contrast, investors are benefiting financially from these current market conditions – dive in to learn more about this.
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