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Gerald Lucas

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Fall Housing Market Forecast, Don't Forget About This When Calculating Property Rehab Holding Costs, US Construction Costs Move Even Higher

September 6, 2022 Gerald Lucas

Fall Housing Market Forecast

Real Estate Tip:

When you estimate holding costs for a property rehab, consider estimated renovation time as well as the time required to sell the property

Real Estate Insight:

US construction costs continue to soar--rising more than 10% since last year

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Tags Gerald Lucas, real estate tips, real estate strategies, Fall Housing Forecast 2022, mortgage interest rates, millennials and housing, first time homebuyers, construction costs, home inventory, home sales
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How To Recover Money When A Tenant Stops Paying, Great Tip To Stop Contractors From Overcharging You, Housing Starts Fall

August 30, 2022 Gerald Lucas

How To Recover Money When A Tenant Stops Paying

Real Estate Tip:

Demand an itemized breakdown of renovation costs from a general contractor rather just an overall estimate for an entire home rehab project

Real Estate Insight:

US housing starts fell 9.6% in July from the month before.

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Tags Gerald Lucas, real estate tips, real estate strategies, tenant, lease, eviction, rent, judgment, civil court, collect, garnish wages
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Have We Entered A Housing Recession?, Make Sure Your Contractor Isn't Too Busy!, Pandemic Job Recovery Completed

August 23, 2022 Gerald Lucas

Have We Entered A Housing Recession?

Real Estate Tip:

Find out how many jobs a real estate contractor is working on before you hire him. If he has too many jobs running concurrently, the job you hire him to do will unlikely be completed on time.

Real Estate Insight:

The US economy has now recovered 98% of the jobs lost during the initial months of the pandemic. Jobs and personal incomes more than any other factors drive home prices.

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Tags Gerald Lucas, real estate tips, real estate strategies, building materials, shortage, lumber, electrical supplies
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