In most areas of the country, homeownership costs more than renting. Many economists with calculators claim the opposite, but the calculations and conclusions are often highly misleading. As is often the case, the devil is in the details.
We recently reviewed one highly publicized calculation that owning was cheaper than renting in almost all markets. That calculation had a number of outdated assumptions, including: [Read more…]
In this episode we talk to Aaron Chapman, an 18 year veteran in the mortgage industry with a focus on real estate investors.
Some of the topics we discuss include:
Landlords keep cranking up rents, with annual increases far outpacing price growth elsewhere in the economy, according to recent data released this summer.
Rents in May were up 3.5% from a year earlier, while a gauge for overall consumer prices showed no growth according to the U.S. Labor Department.
What has always fascinated me about real estate investors is how differently we analyze rental properties. While we all use (mostly) the same ratios and numbers, the sheer number of available calculators, spreadsheets and other analysis tools is incredible. And it often takes a lot of trial and error to find the method or tool that works well for you.
In this episode we take a look at Kansas City, MO and why it’s such a great market for real estate investors. Most investors are not even aware of the incredible opportunities available to them there. So we’ll dive in and take a look at why it’s a great market and what you can expect to find for your real estate investment portfolio.
