President Donald Trump said he expected Jerome Powell to be a cheap-money Fed chairman and lamented to wealthy Republican donors at a Hamptons fundraiser on Friday that his nominee instead had raised interest rates, according to people present. This is his most...
Less relocation impacts real estate investments. About 3.5 million workers relocated for a new job last year, a 10% drop from 3.8 million in 2015. The current relocation rate of 10 percent is 72 percent lower than in the mid-to-late 1980s. The average annual...
Residential housing starts fell 12.3%, multifamily fell 19.8%, and permits (a proxy for future builds) fell 2.2%. Furthermore a recent builder survey found that sales were “sluggish” in June (Marketwatch). What does all this mean for real estate values? Is the...
The Federal reserve in their recent Report on Economic Well being made two very concerning discoveries: 1) 40% of all adults if faced with an unexpected expense of $400 would not be able to cover it 2) 25% of all adults are not able to pay all of their current...
In real estate should you be following your children? The chart above shows the net gain in births by state and provides a profound picture of the future of real estate. What is the importance of the chart and why is it so important for long term real...
Is Georgia a good indicator of the overall national real estate economy? From the graph above Georgia is trending in lockstep with the national average of delinquencies. What can this tell us? The graph comes from new federal database by the CFPB that tracks...
As a hard money lender, value is the most critical component of underwriting a loan. We don’t require appraisals so we are looking at thousands of loans a year. I wanted to share the tools I use to underwrite each time I look at a loan file and specific tools for...
When investing in real estate there are a myriad of factors to consider. Should one of the factors be death rates? Ironically, I’m not talking about crime statistics. There was a recent article in a Ski town newspaper (Steamboat Pilot) highlighting the number of...
Anyone watching the markets recently has seen a marked reversal from the initial Trump Optimism. The recent “great healthcare” reform promised by the president imploded. Because of this implosion and implications on future tax measures. There are 4 immediate...
We lost an hour Sunday! I’m sure like most folks I’m not a big fan of losing sleep. I’m not alone in my dislike for time change. There is evidence that changing the clocks causes a spike in car accidents, strokes, and heart attacks. In general folks seem a...
I recently looked at a warehouse property that was just purchased for 500k. They only needed 200k. I thought the loan should be a no brainer until I started digging and found out the property was only worth around 200k! How could there be this large of a...
With Trump's first work day today, what does the new Trump presidency mean for real estate? Is Trump the “inflation president”? What does this mean for rates and real estate values? Will commercial and residential real estate continue to soar? Are certain markets...
Will taco bell predict the next real estate crash? What does a fast food restaurant like taco bell have to do with real estate? Can the sales of taco bell predict the next crash? What do sales at fast food restaurants mean for the general economy? What we found in...
What is the biggest mistake when valuing a property? As a private lender/ hard money lender we internally value every property and I have personally looked at thousands of properties (both residential and commercial). As you can imagine, over the last twenty years I...
Are you ready for the new credit reporting requirements (trended data)? Although we are a hard money lender and do not rely heavily on credit for our loan decisions (we are an asset lender focusing on the property), the new credit reporting requirement are going to...
5 essential tools for real estate investors Having looked at thousands of residential and commercial properties throughout the country over the last twenty years, I wanted to share a list of 5 tools that I use daily when evaluating properties. These tools are...
Quickest way to lose thousands in real estate Want to know the quickest way to lose thousands on real estate? The answer is simple, pay top dollar for a house only to find out later that there are some serious flaws that have to be fixed in order to get what was just...
Is Zillow wrong? Should you use Zillow to value a property? I’m commonly asked how do I value a residential or commercial property and further do I use Zillow in my analysis. Zillow like many other valuation methods is questionable on its accuracy (see my...
5 red flags when evaluating a commercial transaction I hope everyone is off to a great spring. Now that the weather has broken the real estate market in many areas continues to heat up. I personally go in and inspect hundreds of properties a year throughout CO, GA,...
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