Don Wenner has enjoyed many successes, but it all started with an unexpected opportunity that he accepted. Sometimes the most life changing events are those that occur when least expected. That’s exactly what happened to entrepreneur Don Wenner when he was introduced to the world of real estate as a young college student. Once that introduction was made, Wenner became obsessed with real estate, determined to build his knowledge of
Read MoreAccording to data released recently by the American Community Survey (ACS), the “burden” of housing costs has decreased for U.S. homeowners since the Great Recession peaked in 2008. The same is not true for renters—data show that burden to be stagnant. What is a “burdened” household? Those that spend at least 35% of their monthly income on housing costs, which can include mortgage, utilities, real estate taxes, property insurance and
Read MoreToday’s ATTOM Data Solutions’ fourth quarter Vacant Property and Zombie Foreclosure report reveals that more than 1.5 million U.S. single family homes and condos, representing 1.5 percent of all homes, were vacant in the fourth quarter of 2019. The report shows that during the fourth quarter of 2019, about 288,300 homes were in the process of foreclosure, with 8,535 (2.96%) sitting empty as “zombie” foreclosures. The percentage of zombie properties
Read MoreA mid-October report released by ATTOM Data Solutions shows a total of 143,105 U.S. properties with foreclosure filings in third quarter 2019. That’s down 6% from the second quarter and 19% from a year ago, marking the lowest level since the second quarter of 2005. U.S. foreclosure activity in the third quarter was 49 percent below the pre-recession average of 278,912 properties with foreclosure filings per quarter between first quarter
Read MoreYou’re Invited . . . To Receive Advance Access to New Listings REI INK magazine is excited to announce the launch of the REI Referral Network. Real estate investors and service providers are invited to join this membership platform to connect with real estate agents who are active in the investment space. For our inaugural launch, we are offering FREE memberships for the first 500 investors who enroll. Your complimentary
Read MoreAccording to the 2019 Buyer Insights Survey Report, released this week by Auction.com, more than half of foreclosure auction buyers are mom-and-pop investors who are purchasing between one and five properties a year. The survey found that 51 percent of foreclosure auction buyers plan to purchase fewer than five properties in 2019, and 22 percent plan to purchase more than 10 properties for the year. Only 2 percent of buyers
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