@GeauxLSU You might look for a rental house that fits your needs and make an offer to buy it. I've sold 2 of my rentals that way. I wasn't looking to sell but someone wanted the house more than I did and the timing was right. Before the market went crazy, investors looked to get $1500 a month...
I have used a 1031 exchange at least 6 times and just did one 3 weeks ago. Never heard of anyone using a personal residence and don’t know why they would when they have up to a $500k exemption. Maybe there is an exception.
The difference is, folks have to have a place to live and with rates at where they have been up until the recent increase, their payments will usually be lower then rent. They will not have a reason to let it go into foreclosure like 2008.
Listed a rental on Zillow raised the rent $490 from the previous tenant and in 10 days had 1600 views and I lost count of the inquiries and applications. Got a very qualified long term tenant.
Those that are waiting on the sidelines for a crash. At today's or soon to be rate at 5% a $350K mortgage will cost you $1878, while you would have had the same payment on a $475K mortgage when rates were 2.5%. My simple analogy is waiting will only get you less house unless you have cash...
Closing on a rental house Monday. Offered 12% over list, cash and no inspection. I paid more this house than what I paid in 2018 for the 2 houses I own on the same street combined. Remember when 9mm was around $180 a case and then it jumped to $300 and folks were saying they would wait until...
From the AJC. And between the 7 upstanding citizens they have 80 previous arrests. The 65 year old guy has 33 arrests. Why give up a life of crime when the jail has a revolving door. I can't imagine how frustrating is for the LEO that does their job and then the thugs just walk out the next...
I haven't bought any ammo for awhile and really don't need any but got an email from gun broker about ammo prices. Looked around and it's gone crazy. It looks like Gunbroker average price is around.40 a round with shipping. Seems like it was in the .22-25 range last time I looked. I'm sure...