Think-Realty-Magazine-July-August-2016

The report, produced in collaboration with Rosen Con- sulting Group, notes the importance of looking beyond direct investment. “More than any foreign investor other than Canada, China stands out for the breadth, depth and speed of its participation in the U.S. real estate market,” the executive summary states. For more information: http://asiasociety.org/files/uploads/ 66files/Asia Society Breaking Ground ES Final.pdf •

ONLINE LENDER DEBUTS 30-YEAR LOANS FOR REAL ESTATE INVESTORS Online lender ASSETAVENUE has launched a new loan product to finance the purchase of rental properties including single-family homes, two- to four-unit multifamily properties, condos and townhomes, in response to customers’ requests for a product that would expand their investment portfolios and enable them to collect income from rental properties. The new 30-year rental loan, currently available in 44 states, is designed to be more commercial in nature than a traditional residential loan, with emphasis placed on an individual’s Debt-Service Coverage Ratio (DSCR), as op- posed to the Debt-to-Income Ratio (DIR). DETAILS OF THE PROGRAM INCLUDE: •  Loan Amount: $75,000 to $1 million • Loan-to-Value Ratio: Up to 75 percent •  Markets: Primary and secondary •  Lien Position: First lien •  Interest Rates: 6.5 percent to 7.5 percent •  Broker Fees: Protected •  Prepayment Penalties: Expire after three years •  Other Terms: Will consider borrowers with special situa- tions and foreign nationals NEWBOOK PROVIDES TAX TIPS FOR REAL ESTATE INVESTORS “The Book on Tax Strategies for the Savvy Real Estate In- vestor,” from BIGGERPOCKETS , is now available in paperback and digital format. This valuable guide to help real estate investors manage their finances beneficially and legally, was co-written by Amanda Han and Matthew McFarland, who are both certified public accoun- tants and real estate investors SOURCE :: www.assetavenue.com/borrow

Though showing a dip in prices from the previous month, San Francisco and New York City claim the two top spots in Zumper’s National Rent Report for May 2016, with one-bedroom median rent prices of $3,560 and $3,290, respectively. SAN FRANCISCO, NYC TOP LIST OF MARKETSWITH HIGHEST RENTS

Boston and San Jose tied as the third most-expensive rental market in the country, with a median price of $2,290 for a one-bedroom property. The Zumper National Rent Report analyzes rental data from over 1 million active listings across the United States. Data is aggregated on a monthly basis to calculate median asking rents for the top 50 metro areas by pop- ulation, providing a comprehensive view of the current state of the market.

OTHERMARKETS IN THE TOP 10:

5 Oakland, California: $2,280 6 Washington, D.C.: $2,220 7 Los Angeles, California: $1,990 8 Miami, Florida: $1,890 9 Seattle, Washington: $1,770 Chicago, Illinois: $1,760

themselves. They are the husband and wife team behind Keystone CPA, a certified public accountant practice that specializes in craft- ing tax strategies that will help real estate investors grow their business quickly while staying on the right side of the law. The book is available from Bigger Pockets or at Amazon.com. •

For a look at the complete report results, go to: https://www.zumper.com/blog/2016/05/zumper-nation- al-rent-report-may-2016/ •

thinkrealty . com / mag | 9

Made with FlippingBook Online document