Important Information N/A 3171602 Opinions expressed are those of the author, are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals. This does not constitute a recommendation of any investment strategy or investment product to any particular investor. If you are unsure whether an investment is suitable for you, please consult a financial professional before making any investment decision. Data current as of September 2023 unless otherwise stated. A basis point is a unit equal to one-hundredth of a percentage point. The federal funds rate is…
Author: Private Lending Agent
It's the season for home renovations! Hallmark Channel's 2023 countdown to Christmas continues with Flipping for Christmas starring Ashley Newbrough and Marcus Rosner.In “Flipping for Christmas,” Newbrough's Abigail and Rosner's Beau have different ideas about how to resell the house they recently inherited. The film is directed by Katherine Burrell, who is very well known among Hallmark fans for her roles in the films and as Joy Harper in “The Good Witch.” Here's everything we know about Christmas flipping. Flipping release dates for Christmas”Flipping for Christmas” premieres Friday, November 3 at 8pm ET/PT on the Hallmark Channel. A release date…
Thursday, November 2, 2023 GoLocalProv News Team View larger + Photo: Unsplash/Giorgio Trovato A self-employed contractor and “home flipper” from North Kingstown who was indicted in federal court in March on charges of perpetrating a scheme to conceal large amounts of assets, money laundering and wire fraud from the U.S. Bankruptcy Court in Providence has agreed to plead guilty to multiple counts. According to the indictment, Ernest P. Rich and his wife, Brenda L. Rich, “had significant unpaid debts to creditors and the IRS dating back to 2004 and had engaged in conduct intended to evade their creditors since 2011.”…
Buy, flip, sell. It used to be an easy way to make money. But home flipping is changing in the Sacramento region. Josh Stech is CEO of Sunday, a real estate investment company that tracks investment opportunities. “About 10% of homes for sale in the Sacramento market are sold to investors, not owner-occupants,” Stech says. Stech says that number hasn't changed much, but transactions have become more complicated and prices have cooled. He encourages home flippers to think carefully about who the potential buyers of their property are and what the payment options might be, given that interest rates are…
The house flipping business can be both personally and financially rewarding. When you buy a resale home, you usually start with a home that needs major repairs. Watching the property transform can be very rewarding.Real estate markets across the United States continue to experience a housing shortage. The majority of buyers want a “move-in ready” home, not one that needs fixing up. When renovated homes are move-in ready, there is no shortage of buyers.House Flipping Basics: What is house flipping?House flipping involves purchasing a property that is often in distressed condition, renovating it to increase its value, and selling it…
When you sell a house, both your agent and the buyer's agent get a share of the profits. But how big that profit is is a matter that's been contested in court.A Kansas City jury found this week that the National Association of Realtors and several real estate agents conspired to set unfairly inflated commissions on home sales. The defendants, who have pledged to appeal, must pay roughly $1.8 billion in damages to roughly 500,000 Missouri home sellers, with the amount potentially increasing. The ruling could completely upend how real estate agents are paid and how homes are sold.But to…
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. A business loan can provide the funds you need to expand operations, cover day-to-day expenses and purchase equipment or inventory. If you’ve never applied for a business loan, you might be unsure about where to begin or which documents are required. Here’s a simple guide that walks you through the process of evaluating your options and preparing your business loan application in five easy steps. Featured Partner OfferLoan amounts $5,000 to $250,0001. Decide Why You Need Financing There’s more…
There's an old saying that goes, “Don't wait to buy real estate. Buy real estate and wait.” If you bought in Sarasota about 10 years ago, how much would you have now? Below is a comparison of the average home and condo prices this year to prices from 10 years ago. 2013 average closing price 2023 average closing price 2013 average sales price 2023 average sales price Siesta Key $654,172 $1,370,494 $482,500 $965,900 Longboat Key $746,059 $1,673,081 $493,000 $1,100,000 Casey Key $1,721,283 $4,701,767 $1,325,000 $2,850,000 Bird Key $1,269,753 $3,546,560 $850,000 $3,000,000 Lakewood Ranch (34202) $374,863 $1,074,072 $310,000$795,000 Palmer Ranch (34238)…
The decision is in: business as usual is over. Join us at Inman Connect New York, January 23-25, as we overcome today's market challenges and prepare for tomorrow's opportunities. Go against the market and bet big on the future. In 48 markets in most states, fix-and-flip real estate investors are flocking to a mortgage market where a dozen or more lenders compete to offer short-term loans for renovating single-family homes. Sherman Bridge proved the concept in a test market last year and on Wednesday announced the nationwide expansion of its investor loan marketplace, saying it has already closed 2,100 loans…
LOS ANGELES – A Costa Mesa man pleaded guilty today to federal criminal charges that he operated a fraudulent investment scheme that raised more than $17 million by promising investors, many of them senior citizens, that they could earn up to 10 percent returns on real estate deals, and to failing to comply with a court order that required him to remain in jail in violation of pretrial bail conditions. Brett Barber, 44, a former co-owner of Newport Beach-based BNZ Capital One LLC and National American Capital, pleaded guilty to two counts of wire fraud and one count of criminal…