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A new source of affordable housing inventory: Private seller auctions

Housing Wire

Tony Richards recently purchased four properties in his hometown of Montgomery, Alabama. He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA).

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14 lucrative jobs in real estate with high earning potential

Housing Wire

Mortgage loan originator (MLO) or mortgage broker License or education required: Yes Average national salary: ~$60,000 to ~87,000 Job description: A loan originator, or loan officer, plays an essential role in the process of purchasing property. Similar to an MLO, a mortgage broker finds financing for buyers.

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How to vet private money lenders for real estate investing

Housing Wire

Let’s look at what private money lenders do and how they operate, as well as the potential benefits of using private or hard money loans and how to locate and select a reputable private money lender. Understand where the funding comes from, whether it’s from the lender or a syndicated loan with funds given by multiple investors.

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How to Buy a Multifamily Property in 10 Steps

The Close

It is generally more straightforward and manageable than purchasing a large commercial property. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. Pro Tip: Overestimate your expenses.

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A recap of gen AI use cases at FHFA’s 2024 TechSprint

Housing Wire

Multifamily renting An Uber-like experience to match today’s 30 million renters with property managers, Domino would provide tenants with a personalized readiness rating. The renter is presented with results they are prequalified for that fit their criteria and the app connects them with landlords/property managers.

Loans 354
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How Do High Vacancy Rates Impact the Financing of Multifamily Properties?

AAOA

High vacancy rates in multifamily properties can seriously hurt financing options.For real estate investors, vacancy rates are more than just numbersthey directly impact cash flow and lender confidence. When too many units sit empty, securing favorable loans becomes a challenge, limiting your ability to grow or stabilize your investment.

Finance 78
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Finding the Perfect Multifamily Property

AAOA

In the end, it can help you capture the perfect property with excellent ROI potential or it can save you from a drastic mistake. When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs.