Cashflow Chick Blog

1409, 2016

Best Real Estate Markets for 2016

By | September 14th, 2016|Categories: Uncategorized|0 Comments

WalletHub's Richie Bernardo presents the best real estate markets for 2016. The team looked at U.S. Census Bureau data across 300 U.S. cities to find which markets were the best bet for home buyers this year. Simi Valley, Calif., has the lowest vacancy rate, 2.40 percent, which is 15.1 times lower than in Miami Beach, Fla., the city with the highest, 36.17 percent. While demand for home ownership remains strong and prices have rebounded almost back to 2007-2008 highs, this housing market is getting long in the tooth. In some places in the U.S. demand for luxury Condos has fallen, and prices for property have dropped. [...]

709, 2016

9 Things You Need to Know About HOAs

By | September 7th, 2016|Categories: blog, investing, real estate|0 Comments

When you purchase a condominium, townhouse or other type of property in a planned development such as a leased land property, a gated community, or even an ordinary subdivision, you are obligated to join that community's homeowners' association (HOA) and pay monthly or annual HOA fees for the upkeep of common areas. Investopedia’s Amy Fontinelle lists 9 Things You Need to Know About HOAs. [...]

1708, 2016

Bank Statement Loans for the Self-Employed

By | August 17th, 2016|Categories: blog, investing, real estate|0 Comments

Borrowers whose incomes are less documented have a more difficult time qualifying for a traditional home loan. Whether for a primary residence, a second home or an investment property, self-employed borrowers or those who write off 2106 unreimbursed expenses will be the most likely to benefit from the Bank Statement Loans for the Self-Employed. As its name would suggest, to get a bank statement loan you need to provide evidence of solvency, specifically in the form of bank statements from the past 12 – 24 months. These can serve as the means for a down payment. The lender makes a loan based on the terms of the Qualified Mortgage (QM) rule. If a lender makes Qualified Mortgage loan, it means the lender met certain requirements and it’s assumed that the lender followed the ability-to-repay rule. [...]

308, 2016

Down Payment Protection in California

By | August 3rd, 2016|Categories: blog, investing, real estate|0 Comments

When you bought your first home did you ever worry about losing your down payment? Well, the new home buyers want down payment protection in California, according to a new study by Harris Poll. They are reluctant to buy a home for fear that their down payment could be lost if they sell their house in a few years. Given that the average employee tenure in the U.S. is 4.6 years overall, and 3 years for millennials, it’s understandable that the modern homebuyer may be nervous to commit to living in one location for an extended period of time. [...]

2007, 2016

When Do You Fire General Contractor

By | July 20th, 2016|Categories: blog, investing, real estate|0 Comments

When do you fire general contractor, who’s (supposedly) remodeling the kitchen? PureWow writes, “A bad contractor is kind of like a bad boyfriend--he doesn’t return your calls, he acts shady when you ask him questions and he can’t commit to a date." When we see certain telltale signs that our contractor is unprofessional. [...]

707, 2016

Time to Hire a Property Manager

By | July 7th, 2016|Categories: blog, investing, real estate|0 Comments

Is it time to hire a property manager? I read last month "Across the United States evictions have become increasingly commonplace and have disrupted numerous lives and, combined with decreases in rent-controlled units and decreases in affordable housing, evictions are poised to be the next significant challenge for landlords.” Evictions are one of the time consuming jobs of real estate investors who attempt to manage rentals on their own. [...]