My last article I discussed investing in real estate during the coronavirus pandemic. Even with all the uncertainty in our life today, through good times and bad, there are some things that remain constant – that is the way you analyze real estate investment properties. There are several rules of thumb that help you compare […]
Coronavirus and Investing in Real Estate
I have been asked many times, “Is now a good time to invest in real estate with the uncertainty of our current coronavirus environment?” There is always some risk in any sort of investment, anytime, anywhere. For purposes of this article, we will take a look at residential real estate and analyze the factors […]
Coronavirus and Refinancing Your Home
The coronavirus pandemic has pushed the mortgage rate to historic lows due to investors fleeing to the safety of government securities.. (Photo: Bigstock). The coronavirus pandemic has pushed the mortgage rate to historic lows due to investors fleeing to the safety of government securities. Fixed mortgage rates tend to follow the ups and downs […]
Coronavirus and the Local Residential Real Estate Market
Changes are taking place in the real estate market due to the Coronavirus pandemic. (Photo: Bigstock). The coronavirus pandemic has hit the global and national economy, but as stay-at-home orders have been gradually lifted, changes are taking place in the real estate market. To learn how COVID-19 has affected our local residential real estate […]
Coronavirus and 1031 Exchanges
A 1031 Exchange is a tax-deferred real estate transaction that “swaps” one investment property with another investment property under very strict IRS rules for the timeline and deadlines that structure the transaction. Recently, stay-at-home orders suspended in-person showings of properties, making it tough to identify a replacement property in a timely manner. This adds pressure […]
Interest Rates Are At a Three-Year Low. Should I Refinance?
It’s time to consider refinancing your mortgage again! According to Freddie Mac, the average interest rate on a 30-year mortgage on February 6, 2020 was 3.45%. The last time rates were in this category was on July 7, 2016 when Freddie Mac reported an average interest rate of 3.41%. Rates this low don’t tend to […]
Why Invest in Real Estate?
Most people consider their single-family home they live in as an investment in real estate. In fact, when they fill out a financial statement, it is even listed as an asset. It’s true that the home will likely go up in value over the years, and as the loan is paid off, it could represent […]
Have you done your annual real estate checkup?
Just like your annual physical to keep yourself healthy, it is always a good idea to complete an annual real estate checkup for your financial well being. Just like your annual physical to keep yourself healthy, it is always a good idea to complete an annual real estate checkup for your financial well being. December […]