Raleigh-Durham Real Estate Blog

The following 3 items are on the real estate horizon this week:

• Interest rates are still resting at their recent lows. As of Monday, a 30 year fixed-rate mortgage on investment property hovered at 5.5%. Owner-occupied conventional financing could be found at or below 5%.
• A new guideline will soon require 2 appraisals on all FHA loans over 85% LTV. In many cases, this will create an additional cost for the buyer, as some lenders will not be able to absorb the expense of an additional appraisal. Keep this in mind when considering seller-concessions on properties you are marketing to homebuyers, as some buyers will require a bit more assistance with their closing costs.
• FHA and VA minimum credit score requirements have increased to 620.

Why invest in real estate?

Do you have an interest in real estate, but don’t quite understand all of the financial benefits of investment property ownership? Visit Financial benefits page on this site for a straightforward explanation of how owning just 1 small rental property can put an additional $43,000+ in your pocket in just 5 years.

Cashflow in New Construction

Stricter loan requirements have made it more difficult for buyers to purchase a first home. Because of this, landlords in the Triangle are benefitting tremendously from positive cash flow on their newly-in-demand rental properties. Everyone knows that now is a great time to purchase foreclosures. But did you know that new construction is offering strong returns as well, without the worry of upfront repairs and extensive ongoing maintenance? Visit http://www.tiffanyelder.com/NewConsructionCashflow to learn how investing in new construction multi-family properties can create solid returns for your investment portfolio.

Diary of a New Real Estate investor

“With risk comes reward.” Visit http://www.tiffanyelder.com/DiaryofaNewInvestor to follow the ups and downs of a new real estate investor during her first 18 months as a rental property owner.

Featured Investment Property – 123 Star, Raleigh, NC

123 Star is a fully-occupied, solid cash-flow property located just minutes from downtown Raleigh. It features a low maintenance exterior, large living units, convenient location, and property management already in place. 10% down financing is available. Call our office today to find out more. http://www.tiffanyelder.com/123Star