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How to vet private money lenders for real estate investing

Housing Wire

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Put together a deal pitch book. If your state requires a lending license, make sure a the lender is licensed.

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Home Renovations in 2021

Lamacchia Realty

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. Cost of Materials. The cost for lumber is 3x higher than it was last March.

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DataDigest: iBuyers slide farther from hyped market disruption

Housing Wire

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “Significant untapped growth potential,” touts a slide in an Offerpad Solutions Inc. “The largest, undisrupted market in the U.S.,”

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Redfin’s Glenn Kelman says they’re not like Zillow

Housing Wire

The sales RedfinNow has booked so far for the fourth quarter have averaged 100.0% Where Redfin has been struggling with its iBuying operation – as was also the case with Zillow – is with renovations. We’re expanding our renovations capacity quickly, and already pricing higher renovation costs into our offers,” Kelman said.

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Tools To Support Appraisal Adjustments

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M It was a great day when that set of new books arrived in the mail! baths, 45,000 sq.ft.,

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Purchase mortgages cross dreaded 5% threshold

Housing Wire

trillion and, so far, it is continuing to replace maturing assets in that portfolio as they run off the books. in March — has sapped strength from the renovation market. There is consensus from the Fed governors to stop replacing up to $35 billion of maturing MBS assets each month.

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Unveiling DIY Project Resources to Boost Home Value

Eppraisal

Websites like Pinterest , Houzz , and DIY Network offer a plethora of inspiration, from budget-friendly renovation ideas to step-by-step tutorials. Additionally, platforms like YouTube host a vast array of instructional videos, covering everything from basic home repairs to advanced renovation projects.