Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors
Mortgage Rates Continue to Drop Signaling a Good Time to Invest in Real Estate
Rates fell once again as the 30-year fixed-rate mortgage averaged 7.03% this week, down from 7.22% one week ago, as reported in Freddie Mac's Primary Mortgage Market Survey. Six weeks prior, the rate neared 7.80%, indicating that mortgage rates have been on a consistent downward shift. Unless the Feds change course during their meeting on the 12th, analysts predict rates will continue to lower. Rates dropped amid reports released Tuesday that suggest the economy is losing momentum. One such report revealed job openings plummeted this October to the lowest level since March of 2021. Melissa Cohn, Vice President of William Raveis Mortgage, touches on this, stating, "New job creation and consumer spending will impact mortgage rates – if we see that fewer jobs are created and consumer spending...
How to Become a Millionaire Real Estate Investor
What does it take to become a millionaire real estate investor? I know that seems like a...
What Is a Foreclosure?
About a decade ago, foreclosures were common in the world of real estate. Now, foreclosures...
Three Steps to Making a High Return Real Estate Investment
There are two kinds of investors: those who make a high return on investment, and those who...
The 1% Rule for Real Estate Investing
There are many moving parts to a buy and hold property purchase, which brings up the...
What You Need to Know About Landlord Friendly States
Not all states are equal when it comes to welcoming real estate investors. Each state has its...
The Benefits of Multi-Year Leases
I know many landlords who are hesitant to sign a multi-year lease. This is because if you...
How to Handle Anxiety About Real Estate Investing
Are you overwhelmed about getting started in real estate investing? Do you feel anxious about...
The Beginner’s Guide to Purchasing a Rental Property
Buying a rental property seems like a simple idea, but when you’re ready to take the plunge,...
5 Things You Need to Know About Leases
Although you might think the topic of leases is rudimentary, having an accurate lease is an...
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