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Search resuls for: "Travis Hanson"


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Agent Advice found 10 cities that yield a high return with home values below the national median. A shortage of new listings is helping to steady property prices as elevated interest rates present affordability challenges for buyers." Cities with the best returns on investmentA recent study by Agent Advice analyzed home values and typical rent prices across US cities. He added that the top ten cities for the best ROI have a typical housing value far below the national average. And as many as seven of the ten have a typical housing value less than 50% of the national average.
Persons: Chris Heller, Victor Whitmore, Whitmore, Travis Hanson, Thomas Harr, Harr, Heller, Jackson Organizations: Investors, Trading Economics, Columbus, Dothan, Sumter Locations: Tulsa , Oklahoma, Lubbock , Texas, Columbus , Ohio, Cities, Houma, LA, Johnstown, Beckley, WV, Decatur, IL, Shreveport, Peoria, SC, Texarkana, TX, TN
Travis Hanson secured a guardian line of credit so he can take advantage of a market correction. Finally, you can consider a home-equity line of credit (HELOC), which uses your property as collateral against the loan. Hanson uses LOCs when his own cash is already tied up. To determine rent rates, Hanson uses AppFolio, a property management software. Hanson then uses the app to send a postcard to the owner on record, offering to buy the house.
After the expenses were paid, which included the principal, interest, and taxes, each property cash flowed between $250 to $400. As of September, the median existing-home median sales price had dropped 7% from its peak in June to $384,800, according to the National Association of Realtors. Additionally, high inflation will mean people are less able to afford buying property, Hanson said. Tips to take advantage of the coming downturnOver time, real estate always recovers — and that's what Hanson is willing to bet his cash on. You also want to stay below the market median for the area you're buying in, he added.
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