article thumbnail

Opinion: More financing options for ADUs are needed

Housing Wire

A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

Finance 485
article thumbnail

The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. I rented back to the previous owner, and they are still the tenant.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Need to sell your house fast? Here are 7 great options

Housing Wire

If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. The nice thing about using Roofstock is you can sell the home with tenants in it. Sell to Your Tenants. Hire a Real Estate Agent.

article thumbnail

Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! How can you capitalize on your first investment property? Determine How Much You Can Afford.

Investing 332
article thumbnail

Don’t let COVID crisis mask affordable housing opportunity

Housing Wire

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. Finally, we need to renovate our existing housing stock. As the U.S. Incentivize entrepreneurs.

article thumbnail

What Do Property Management Companies Do? (And How to Vet Them)

The Robert Weiler Company

Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. It would be best if you found the right people or companies familiar with your property type and its tenants.

article thumbnail

Guide to Buying Apartment Buildings for Sale in Ohio

The Robert Weiler Company

Better and Easier Financing Options. The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Consider the cost associated with renting out the units; finding suitable tenants for available rental properties is not always as easy and cheap as you may think.