FAR 305 - How to Research a Neighborhood, Part 1
There are a number of websites you can visit to get community information when doing your research on a property. We will review 18 of them. them today coming up. Plus we are going to talk a bit about student loan debt. As a free service I’ll be sharing with you the ONE big tip to reduce or eliminate student loan debt. During this discussion I also share the best way to make money if you do not have a degree and the best way to make a lot of money if you do. Also in the news today is Rent Control. I’m likely to get on a little rant about this because rent control is not just a bad idea - it’s an evil scourge. The politicians who push for it have to either be complete morons or complicit in the evil scheme to damage or destroy urban life. And yeah, I might quit beating around the bush and tell you how I really feel about it.
In fact, I think we should schedule a show on rent controls. I’ll put that on the list.
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Announcements:News:
Weekly mortgage demand is flat as interest rates hit the highest level in 3 months
https://www.cnbc.com/2019/10/30/weekly-mortgage-demand-flat.html
Rent control will kill multifamily real estate
https://www.nationalmortgagenews.com/opinion/rent-control-will-kill-multifamily-real-estate
Here Are The Countries On The Brink Of Recession Going Into 2020
https://www.forbes.com/sites/sergeiklebnikov/2019/10/28/here-are-the-countries-on-the-brink-of-recession-going-into-2020/#2c81edbb3017
How Real Estate Can Replace Student Debt With A Promising Post-Grad Position
https://www.forbes.com/sites/forbesrealestatecouncil/2019/10/28/how-real-estate-can-replace-student-debt-with-a-promising-post-grad-position/#62a3daca205c
RE Tech Review:Steps in DD
C.L.U.E report - past insurance claims.
Inquire about insurance (higher than normal rates = prior claim history)
Run a Report, homedisclosure.com may be the best. Trulia is pretty good.
Consumer businesses owned by ATTOM Data,
got bought by Renovo in 2011 and changed name to ATTOM Data
ATTOM sold in July 2019 to Lovell Minnick, a Private Equity firm
Realtytrac.com https://www.realtytrac.com/ https://fitsmallbusiness.com/realtytrac-reviews-pricing/
https://www.yelp.com/biz/realtytrac-irvine
https://www.consumeraffairs.com/housing/realtytrac.html?page=2#sort=recent&filter=none
Really consistently terrible reviews. Could be reason for the name change?
Homefacts.com bought by ATTOM Data in 2012
Provides interesting information about the home and the area. Crime and school information useful. Other items as well.
Homedisclosure.com - Launched by RealtyTrac in 2016
You have to create a free account. Then you get all the same information as homefacts.com but in a more modern, appealing format. This one is truly useful.
More Property research sites
Call 404-369-1018, press 1 and leave your message!
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