Team Thayer Property Servicing

Home prices nationwide, including distressed sales, increased by 2.7 percent month-over-month in April and have risen on a year-over-year basis for 38 consecutive months, according to the  April 2015 CoreLogic Home Price Index  (HPI) released on Tuesday. With distressed sales (short sales and REO transactions) figured in, 30 states plus the District of Columbia were at or within 10 percent of their peak prices in April, according to CoreLogic. The District of Columbia reaching price peaks not seen since the beginning of CoreLogic's HPI in January 1976. Some states within 10 percent of their peak were Alaska, Colorado, Nebraska, New York, Oklahoma, Tennessee, Texas, and Wyoming. Home prices rose by 6.8 percent year-over-year and 2.3 percent month-over-month in April excluding distressed sales, according to CoreLogic. Home prices excluding distressed sales, which are normally discounted at 20 percent or more, actually appreciated at a lower rate month...

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The Only Way To Get Rich Fast In Real Estate is to sell a book about “The Easy Way To Get Rich In Real Estate”.  In reality, if you want a Get Rich Quick scheme, real estate is not your best bet.  Just for the record…there is NO Easy Way To Get Rich In Real Estate. You CAN however, purchase investment property, make money and increase your wealth over time.  Most real estate investments make very little money each month (over putting some money away for reserves) but make money in the long haul. There are some successful “flips”, but that takes a pretty substantial understanding of construction techniques and you should always be able to rent the property if need be.  Flips are doable, but take more capital, entail more risk and should only be attempted if you have experience. The goal of most Real Estate Investing is that you have someone else pay your mortgage and increase your equity in the subject property.  Over time, when you reach a certain loan t...