In the third quarter of 2019, overall home flips dropped 12.9% over the previous quarter and were down 6.8% from a year ago, according to ATTOM Data Solutions’ third-quarter 2019 U.S. Home Flipping Report. Home flipping rates were down in 78% of the local markets (115 of 147) analyzed in the report. This decline came after an unusually active flipping market in the spring. The declines stood out as the
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A well-documented and consistently used screening process can help you select better tenants. Residential landlords dream of renting to the right tenants—conscientious individuals or families who care for their rental property, notify the landlord of maintenance issues and pay rent without causing problems. But if you’re in the business of owning or managing residential rental property, you know that tenants don’t show up with a neon sign flashing either “I’m
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Single-family rental inventory is accessible to a broader pool of buyers. Wall Street-backed institutional investors have largely curtailed their acquisition of single- family rentals in recent years, but strong demand from medium-sized investors on Main Street and mom-and-pop investors on Wisteria Lane—the stereotypical suburban street made famous on the television show “Desperate Housewives”—is continuing to buoy this growing marketplace. “I’ve actually seen interest increase every year since about 2012 (when)
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For investors willing to work for it, Beantown rewards are waiting. Two words will nearly always come up in any discussion covering Boston real estate: “tight” and “expensive.” Given a decade of population growth and a phenomenal jobs market based in high-demand, recession-resistant sectors like the life sciences that attract young professionals in droves, “tight” and “expensive” seem almost inadequate descriptors by today’s Beantown standards. But, thanks to a nearly
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Matt Rodak’s perfect timing creates wealth and opportunities while enhancing communities. Matt Rodak, founder and CEO of Fund That Flip, decided to be a real estate investor before he was old enough to drive. Even as a young teen, the appeal of generating wealth while building up a local community was compelling. “I started a landscaping company in high school and ended up doing a lot of work for real
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Following the trends of 2017 and 2018 (which saw five of the 15 costliest catastrophes in history), 2019 continued to see property and liability rates rise—and more stringent underwriting requirements. Some insurers’ once-strong appetites for risk in the habitational insurance market are waning. Investors with properties in catastrophe-prone areas are likely to continue to feel rate pressure into 2020, particularly those in areas susceptible to windstorms, flooding and fire. So,
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