Connecting You To Better Living®
Seller financing is when the owner of a property that is for sale holds the loan to you (the buyer), instead of a bank or traditional lender. It can be an excellent way to acquire a property by skipping the red tape and delays that come with traditional lenders and in that way can be much more convenient. While there is certainly upside to investing with this type of arrangement, it is not without its risks.
Rent prices have never been higher and it’s caused a lot of buzz across the media this summer. There is no doubt that landlords across the country have elevated their rent prices, but are they the ones to blame?
The days where most buyers were priced out of real estate investment may be coming to an end soon enough. In the last couple years real estate prices skyrocketed and sellers were getting up to 100K over asking price forcing so many hungry investors, like you, to the sidelines…but the first signs of the landscape changing are upon us.
Businesses are always assessing their internal strengths and weaknesses and making organizational decisions accordingly…but how often do we do the same as real estate investors?
It’s not just speculation anymore…interest rates are going up. In mid-June, the Federal Reserve raised the interest rate by .75%, the largest single hike in almost 30 years. The goal is to slow the pace of inflation and with that effort comes an additional barrier to entry into the housing market.
There’s no doubt the real estate market has changed dramatically in recent years. Skyrocketing prices, huge increases in interest rates, eviction moratoria during the pandemic, and changes in lenders’ comfort and flexibility have all made it significantly more difficult for real estate investors to enjoy the successes that were commonplace as recently as five years ago. So what does this all mean?
Like anything else, an infrastructure of expectations has been built around buying property that seemingly makes life easier for investors by streamlining the process. The more cookie-cutter like, the more comfort, and comfort is essential when we’re talking about investments of several hundred thousand dollars. That all makes sense.
Real Estate Investment is one of, if not “the”, best way to invest your money. Our team at Nexus Property Management® stands behind that claim and it has driven our mission for over a decade. We pride ourselves on helping investors better see and understand the opportunities t
Cash reserves are important in general because they add comfort and a safety net. It’s fully logical to think about keeping cash on the side should any costly issues arise.
Nexus Property Management
National Franchise Headquarters
49 North Union St
Pawtucket RI 02860
