In this edition of the Weekly Digs: How to buy foreclosures and net $20,000 in monthly rents. What is wholesaling real estate, and is it too good to be true? And the number of home buyers who signed contracts plummeted in December, despite high demand. This and more below the fold.
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Get to know enough CPAs, and you’ll hear the “light bulb” story. “I was helping this real estate investor with her taxes… and thought, ‘Why am I not doing this?!'” Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for! That’s thefocus of
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From Calculated Risk’s Most recent posts
Richmond Fed: Manufacturing Activity Softened in February
- by Calculated Risk on 2/25/2020 10:13:00 AM
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- by Calculated Risk on 2/25/2020 09:13:00 AM
Tuesday: Case-Shiller House Prices
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House Prices and Inventory
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Dallas Fed: “Texas Manufacturing Expansion Continues”
- by Calculated Risk on 2/24/2020 10:35:00 AM
From Realtor.com’s Latest News
The Number of Buyers Who Signed Contracts on Homes Plummeted in December Despite High Demand
- The index of pending home sales decreased 4.9% in December from the previous month, the National Association of Realtors reported.
Home Prices Continued to Climb in November
- Home-price growth accelerated in November, in the latest sign the home-sales market is picking up steam after a slow start to 2019.
Sales of New Homes Fell in December, but the Future Looks Bright for the Home-Building Industry
- With Americans struggling to find properties to buy, the new-home market should be on solid footing in 2020.
Refinancing Boom Fuels Mortgages to Postcrisis Record
- Lenders extended $2.4 trillion in home loans last year, the most since 2006, according to industry research group Inside Mortgage Finance. That was also a 46% increase from 2018.
From Spark Rental’s Latest Blog Posts
How to Invest in Real Estate: 12 Types of Real Estate Investments
- I love real estate investments as a source of income. Whether you’re looking to earn a quick return through wholesaling or flipping, or earn ongoing passive income from rental properties, there are dozens of strategies and types of real estate investing. Most real…
What Is Wholesaling Real Estate? Is It Too Good to Be True?
- For most of us, the term “wholesale” refers to the lower price that a business pays for items, compared to the retail price that they sell to consumers. It turns out that real estate wholesaling works exactly the same way. But in the case of wholesale real estate, the…
How to Buy Foreclosures: How John Nets $20,000 in Monthly Rents
- At 30, John Soforic was broke. But he had a vision: he wanted to earn $220,000 per year in passive income. So he wrote himself a check for $220,000, which he set aside where he would see it. By his late 40s, that vision had become reality. Not that he waited that long…
Rental Property Deduction Checklist: 20 Tax Deductions for Landlords in 2020
- The billionaires of the world are not doctors or lawyers, they’re entrepreneurs. Specifically, they are people who started their own businesses, whether those businesses are online, brick and mortar, or real estate empires. Starting and owning a business provides a…
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From PM Insider’s Latest Posts
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🤓 From Reddit
From Reddits /r/RealEstate Subreddit
San Diego couple just lost $800k due to wire fraud. Reminder to always verify your wire instructions
- current score on reddit: 324
Our landlord hired a property manager to oversee our office building. We still receive all utility bills, that I scan and email to the property manager. None of them get paid on time and we’ve recurved multiple shut off notices. Shouldn’t the utility bills be managed by the property manager?
- current score on reddit: 123
Local town building department trying to enforce an open permit from 1954 which was issued by a different town and predates the formation of this town by 28 years
- current score on reddit: 121