For many, it’s become a scary world with $5-$6 gas, soaring food prices, spiking rents, the medical system is still a mess, and wages aren’t keeping up with inflation.
Inflation is at a 40-year high of 8.6%. The Fed raised rates ¾%, the biggest jump in 28 years.
For every $1M in real estate debt that you have, you’re benefiting $86,000 each year due to your debt debasement.
Affordability has become so bad for wannabe first-time home buyers that increasingly, they’re becoming your renter.
Many project rent growth to exceed home price growth this year. Rent.com’s Rent Report shows a 26% annual rent increase nationally.
Every 1% in a mortgage rate increase decreases a buyer’s purchasing power by 12%.
GRE’s COO Aundrea Newbern, MBA joins me. We discuss our favorite RE information sources.
Aundrea expects to diversify her RE portfolio into more markets. She’s been focused on southeast Georgia.
Some RE resources we use: www.city-data.com, US Census Bureau data, CNBC.com, HousingWire.com, FRED data, the MLS, AirDNA.co, GREmarketplace.com.
When considering adding to your RE portfolio, simply talking to a Property Manager can be more valuable than the best website.
Aundrea sees a balanced market at prices $250K+, and a sellers’ market at prices below $250K in southeast Georgia.
Days On Market (DOM), Sale-To-List Price Ratio discussed.
LTRs are in high demand and low supply. STRs are saturated in many markets.
Rent.com’s Rent Report:
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 877-74-RIDGE
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