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Gerald Lucas

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What To Do When Your Adjustable Rate Mortgage Increases, First Step BEFORE You Buy Rental Property, US Homeowner Equity Continues Climb

July 16, 2024 Gerald Lucas

What To Do When Your Adjustable Rate Mortgage Increases

Real Estate Tip:

Determine the profitability of a potential rental property BEFORE you make an offer to buy it.

Real Estate News:

Homeowner equity is rising across the United States with New Jersey coming in third highest place among US states with an average increase of $59,000 compared with last year.

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Tags Gerald Lucas, real estate tips, real estate strategies, HARP, ARM, adjustable rate mortgage, mortgage interest rates, HUD
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3 Ways To Protect Your Home From Water Damage, The Benefits Of Batching Renter Showings, Office Owner Blues

May 7, 2024 Gerald Lucas

3 Ways To Protect Your Home From Water Damage

Real Estate Tip:

When you rent a property, set up all appointments to show the property at the same time--this saves you time and creates more urgency for tenant applicants to make a decision.

Real Estate News:

Office owners across the US currently coping with lower building values caused by lower demand and higher vacancies now also face higher property tax bills.

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Tags Gerald Lucas, real estate tips, real estate strategies, housing inventory, home sales, mortgage interest rates, home owners, home sale activity, trade up activity, trade down activity
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3 Home Improvements That DON’T Add To Your Home’s Value, What The Best Real Estate Deals Have In Common, Mortgage Rates Rise Again

April 30, 2024 Gerald Lucas

3 Home Improvements That DON’T Add To Your Home’s Value

Real Estate Tip:

Most of the best real estate deals will involve properties that are in need of repair. In order to capitalize on these rehab deals, you or someone you work with will need to know how much time and money are required to renovate these properties.

Real Estate News:

Mortgage rates rose past 7%, reaching the highest level since November 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, housing inventory, home sales, mortgage interest rates, home owners, home sale activity, trade up activity, trade down activity
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