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RE HEADLINES:
  • "Mid-sized cities flip over home sales" - PostAndCourrier.com"The plan of buying an inexpensive unrestored house, spending money on fix-ups and then unloading the property at a premium while pocketing gains sure computes as a workable deal driven by hard work, upfront funds and a little bit of luck. The property location wouldn’t seem like a major factor. But think again..."
  • "INSIDE REAL ESTATE: Time is now to build a rental portfolio" - AlaskaJournal.com"Lack of new housing starts, particularly in duplex and multi-family, make it a good time for the small investor to enter the market. Multi-family permits are down 50 percent from last year with only 72 units permitted compared to 153 last year at this same time. Duplex permits are also down with over 42 units permitted compared to 64 in 2017. Small investors shouldn’t be concerned about a reported 5 percent Multiple Listing Service vacancy factor if they take precautions when making a purchase. Condos are always a good investment because they require little management for a first time investor. Let the home owners’ association do most of your work. Your job is to simply find a well-qualified tenant by having them complete an application that requires a Social Security number for a credit check and current employment..."
  • "Developer of tiny rental homes expands in Mesa, Goodyear and Phoenix" - AZCentral.com"One of metro Phoenix's largest single-family rental developers is opening three new Arizona communities in September and expanding into Florida. Phoenix-based NexMetro's new Valley Avilla rental developments look like small homes with backyards. They are located in Mesa, Goodyear and Phoenix. Once those are completed, the company will have nine single-story, unattached rental-home communities in the Valley. It has another eight of its Avilla rental home developments planned or under construction in metro Phoenix..."
  • "DFW should expect answers on Amazon HQ2 later rather than sooner" - BizJournals.com"Dallas-Fort Worth and other finalists for Amazon’s second headquarters should expect an announcement from the company after the midterm elections, a top global site selector said Monday. John Boyd, principal of The Boyd Co. Inc. location consultants, said it’s increasingly looking like the company’s announcement will come after the midterm elections if the news doesn’t break elsewhere before it’s officially announced..."
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