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Mortgage rates continue to climb beyond 7%

Housing Wire

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. What to expect with the Fed ?

Mortgage 364
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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work?

Contracts 143
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How are higher mortgage rates affecting servicing?

Housing Wire

“With fewer opportunities to refinance, we are seeing a direct correlation to an increase in mortgage rates and a decrease in payoffs from the number of calls that come into us including options to retain the property due to increases in property taxes and ARM adjustments,” he said. Communication is key.

Mortgage 315
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Build-for-rent is a bet on the ‘new normal’ housing market

Housing Wire

A recent report by MetLife Investment Management estimates that there are about 14 million SFR homes nationally, including the BFR sector. one of the nation’s largest homebuilders, recently offering to sell some 5,000 homes to investors in the SFR market, according to a Bloomberg report. Investor purchases slumped 26.1%

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Understanding Investment Property Closing Costs in Texas

Listing Spark

When new property investors think about the cost of having real estate investments, they might picture ongoing maintenance and repairs— approximately 1% of the property’s value per year. The razor-thin margins that many short-term investors risk don’t apply here, so you have more room to take on fees.

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Institutional SFR players are stuck in the doldrums

Housing Wire

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. Bridge’s portfolio also includes investments in office and multifamily properties.

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How to Best Search for Land to Buy in Ohio [2022]

The Robert Weiler Company

Land investors choose land to buy in Ohio for many reasons. Unlike other investments of value, buying land is often a safe investment. Do you plan to build a house or commercial building on the raw land, use it for farming, rent to a farmer, rent to a business, flip it, or hold it as an investment? Property Lines.