The top blockchain applications in commercial real estate

Little digital transformation and innovation has happened in the real estate market in comparison to other industries. The blockchain now appears to enable a new wave in tech-driven innovations via blockchain...

Sick of Renting? Here Are the Top Buyer’s Bargains in America’s Biggest Cities

There are neighborhoods in the country’s biggest cities where home buyers have the upper hand—places where prices are affordable, plenty of homes are for sale, crime is relatively low, and the work commute is reasonable. And we included only ZIP codes with at least 12 homes on the market in any given month. Median city list price: $650,000 Buyer's haven: Sylmar (ZIP code 91342) Median ZIP list price: $508,948 It's so hard to find a true bargain in Los Angeles, more buyers are exploring areas that are a bit off the beaten path. And buyers there can still score some great deals. Median city list price: $325,000 Buyer's haven: Ashburn (ZIP code 60652) Median ZIP list price: $184,783 After a long run of bidding wars, escalating home prices, and an exodus of residents to the low-tax suburbs of nearby Indiana, Chicago’s housing market is starting to come back down to earth. “But you get a good, safe place and enough money left to live." There are also recently renovated homes available for well under the median list price. Washington, DC Median city list price: $599,000 Buyer's haven: Dupont Circle (ZIP code 20036) Median ZIP list price: $416,583 Dupont Circle is a safe, gay-friendly neighborhood with good public transit options; a thriving dining, drinking, and shopping scene; and a higher price per square foot that matches its many amenities. “He was, like, ‘You really think I could get it this low?’ And he did.” Median city list price: $350,000 Buyer's haven: Atlantic Station (ZIP code 30363) Median ZIP list price: $339,4040 Hotlanta has been on fire for the past few years, with prices rising steadily. But there are signs that the housing market is beginning to cool, as condo prices and sales are slowing, says Realtor Ryan Sconyers of Keller Williams Realty.

6 Hacks for Making Tenant Management More Hands-Off

People buy rental properties because they want to build passive income. But the ultimate goal of all landlords is to minimize that work and keep their rental income as passive as possible. How can landlords keep their property management more hands-off? When tenants call you about a maintenance issue, it will take you one phone call to solve it, if you have a strong relationship with a good handyman. Related: How to Upgrade Your Landlording to Make Your Investment More Passive But turnovers are a lot of work. All you have to do is send your handyman to make the recommended repairs, and double check that you agree with the leasing agent’s recommended tenant choice. You pay a leasing fee to the agent, but you don’t have to pay ongoing management fees, which are expensive and involve very little work on the part of the property manager. In our property management course, we recommend inspecting twice a year. Hands-Off Rental Management Want to work less as a landlord and earn more? Second, minimize rent defaults, and automate your rent collection.

The 2 Rules Every New Real Estate Investor Must Follow

You may ask yourself from time to time, how many lists can we possibly have? I should make a list of lists the world needs. Well, maybe another day. Today I want to give you a very short list. Do not talk to a bank. Do not look at the MLS. Before you do any of that, these are two not-optional, mandatory, must-understand, can’t-be-avoided rules that every new real estate investor must understand: Not-Optional Rule 1 Your significant other must support what you want to do. Not-Optional Rule 2 Remember that other people don’t live like you. Some people are slobs. Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks, and techniques delivered straight to your inbox twice weekly!

10 Financial Tasks to Tackle Before 30

Was hitting $10k+ in savings listed? In fact, I’m counting on my financial success to support my bucket list. Once a year, I’ll take a bonus or extra money I’ve saved and put a lump sum towards my loans. I do this because that extra money isn’t money I’ve spent or plan to spend, and I do want to pay off my loans in the next two years. I will say, in the past couple weeks, I’ve cut my weekly investments in half so that I can hoard some cash because a good market cannot last forever. Put money into your preferred retirement account and make sure it gets (a good) interest. I started to make an effort after that to talk about finances with my girlfriends who are equally interested in the topic and to discuss it regularly in my household. I now have enough toothpaste to last me for the next five years. When I first lived on my own, I was spending $100 a week on groceries. Whose bucket list is financially responsible?!

Best Tech Cities for Real Estate Investing: An Analysis of 6 Cities

Tech. Tech. Tech. Those six cities are Denver, Salt Lake City, Seattle, Phoenix, Austin, and Portland. All and all, Denver appears to be a strong tech market with good indicators on investing. Salt Lake City Salt Lake City is strong on six of the 10 tech investment metrics, showcasing well in the following categories: rent-to-income, taxes, insurance value, unemployment, population growth, and an educated population. Those are both negatives, but I still love Salt Lake City for its real estate potential. It also has incredible population growth (second only to Salt Lake City) and strong appreciation. Phoenix definitely does not have enough going for it as an investment, much less a tech investment. And all metrics are not created equal, so we really care about unemployment, crime, population growth and tech growth—all of which are strong for both Denver and Austin.

Housing Markets That Have Shattered Previous Price Peaks

Home prices are showing some signs of cooling, but in a handful of markets, some homeowners likely won’t notice much. That’s because homeowners who have owned their home since before the recession have seen their home prices jump by 50 percent—even up to 80 percent. Median home prices are above pre-recession levels in 69 percent—or 103--of the 150 metro areas tracked, according to a new report from ATTOM Data Solutions. Median home prices nationwide in the third quarter were 11 percent higher than the prerecession peak of $230,000 in the third quarter of 2005, and 77 percent higher than the postrecession median of $145,000 in the first quarter of 2012. In the third quarter of 2018, the median home price was $256,000. Home prices in Dallas-Fort Worth, Texas, have surged the most in the country from their prerecession peaks, climbing 86 percent higher. Houston, Texas, and Kennewick-Richland, Wash., also have seen median home prices surge 80 percent higher than their prerecession peaks. On the other hand, median home prices in the third quarter were below their prerecession peaks in 47 of the 150 metro areas tracked. The markets that saw the biggest dips are Montgomery, Ala. (32 percent below); York, Pa. (32 percent below); Atlantic City, N.J. (30 percent below); Naples, Fla. (20 percent below); and Cape Coral-Fort Myers, Fla. (16 percent below).

National Housing Report Reveals Some Good News For Buyers

Re/MAX’s national September housing report reveals some good news for buyers in certain areas. According to RE/MAX, “the decline in home sales was the largest since May 2011. While inventory did continue to decline at 4.7%, it was the smallest decrease since August 2014.” Before buyers do the happy dance, the median home price (tracked in 54 metro areas) did show a year-over-year increase to $241,000. Only three areas including Birmingham, Alabama, Anchorage, Alaska and Honolulu, Hawaii experienced slight declines in sales prices. Conversely, year-over-year price increases were good news for sellers in Boise, Idaho, Manchester, New Hampshire, and Salt Lake City. In San Diego for September 2018 closed transactions at 2,446 were down month-over-month by 20.4%. “Sellers cannot compare their houses against the last sale if that sale was before September,” she says. “Starting in August and September, the market shifted, and a seller must list their house at a price based on the current market.” That's good news for buyers. Days on Market (always a good market indicator) increased to 44, up 10% from August. “The Denver Metro Area is experiencing favorable market normalization,” explains Kerron Stokes with RE/MAX Leaders.

More Than One-Third of Homeowners Are Paying for Renovations With Credit Cards

Americans are sitting on the most home equity in history, but their reluctance to use what seems like an obvious resource, especially for big-ticket items like home renovations, has befuddled housing analysts for months. A new study suggests there’s more to it than just aversion to debt or the tedious credit-qualification process: Americans are increasingly opting to pay for home improvements with credit cards. That’s an increase of nearly one-quarter from the 29.5% share credit cards held in 2011, an amount that has increased each year since. The vast majority – 85% – of survey respondents said they used cash/savings to pay for renovations. That was followed by 33% saying they used credit cards. Only 15% said they used a secured home loan – less than half the number who had charged projects. As with so many other trends, it’s millennials who are driving it. Younger homeowners are also more likely to pay balances over time – 60-65% say that’s their plan – than are those 55 and up, of whom 49% expect to keep balances. Not surprisingly, among all homeowners who plan to keep balances, 74% are using a promotional card with low or no interest. What may be more surprising is that those who use cards for these large transactions aren’t focused on rewards.

Hiring A Real Estate Agent? Ask These 6 Questions First

If you're in the market for a real estate agent, you've probably heard that you should interview a few before hiring the one that works best for you. We've listed six questions aimed at helping you find the real estate agent that's right for you. Feel free to ask these of the agents you interview and to make your own evaluations before settling on who to hire. This is not to say that you shouldn't give newer real estate agents a chance. At the end of the day, you want an agent who knows the area well because that enables you to quickly get answers to some important questions. You want someone who knows what they're about to get into so that you feel like you have an expert to turn to when you have questions. A good real estate agent isn't there to just "yes" you through the entire process. If you can find an agent that does just that, you know you'll be in good hands throughout the transaction. However, good agents will point out their concerns about a property in order to make sure that you're aware of them before making an offer. Do I have a good feeling about them?


How To Get An Airbnb Mortgage For Your Rental Property

Here’s our review of the program and where you get approved. Ten years later, government-backed mortgage group Fannie Mae added a mortgage approval clause allowing Airbnb hosts to use their Airbnb rental income as part of a lender’s approval. Airbnb hosts get access to more loan programs, at lower mortgage rates, and with lower fees as compared to homeowners who use other short-term rental platforms such as HomeAway or VRBO. When To Use The Airbnb Mortgage The Airbnb mortgage is a refinance loan. Homeowners can use the Airbnb mortgage to do any of the following: Lower the mortgage rate on an Airbnb property Change the years remaining on an Airbnb property’s mortgage Switch among an ARM and fixed-rate mortgage on an Airbnb property Remove home equity from an Airbnb property as cash for any purpose Use an Airbnb property’s home equity to pay down debts When you’re doing a rate-and-term refinance — that is, lowering your mortgage rate or changing the length of your loan — it’s generally good to proceed if you can reduce your monthly payments without incurring much in the way of closing costs. Many lenders offer zero-closing cost mortgages, and zero-closing cost loans are particularly well-suited to rate-and-term refinances. For homeowners doing a cash-out refinance, the math works a little differently. Where Can I Get An Airbnb Mortgage? Out of the 26,000+ mortgage companies nationwide, only three can fulfill Airbnb home loan orders: Better Mortgage Quicken Loans Citizens Bank Each of the approved Airbnb lenders offers an online application process, and we reviewed all three. We bought the Airbnb when he was born and we already have $37,000 saved for his college.