Staying at home and social distancing is uncharted territory for everyone, but may we find comfort in all being in the same boat together. Below is an array of recipes that are full of nutrients to keep you healthy from the inside out — each also has minimal ingredients! I hope you enjoy these easy options. Tag me on Instagram @MelanieHane if you make them!
Why Now Is The Time To Invest In A Rental Property
Courtesy of Rentspree.
How is the potential 2020 recession different from 2008?
In 2008, much of the economic downturn was focused on a severely overvalued housing market with a simultaneous sub-prime mortgage meltdown, resulting in cascading foreclosures in markets around the country. For many, the assumption is that a 2020 recession would likely unfold in a similar way, with similar impacts.
The good news, however, is that there is not always a correlation between economic recessions and the US housing market. Note this graphic from the Federal Reserve, which tracks US home prices against historical periods of recession.
Home price index through previous recessions
You’ll note that in both the early ‘90s and early ‘00s recessions, home prices held fairly steady. Many analysts feel that this will be the case for our current economic contraction.
For a variety of reasons, the rental market is poised to strengthen during this time. Why?
Current leases will end and new tenants will need to be found to fill empty rental units.
Empty nesters who have downsized simply don’t have the room for returning college students and laid-off adult children in their smaller homes. They’ll be looking for rentals to accommodate their expanded households.
As job losses mount, young workers will be forced to give up their current rentals or take in roommates to make ends meet. They’ll either need more affordable options or larger rentals to accommodate roommates.
Investors looking for an investment that is more secure than the stock market should stay informed of all opportunities with rental properties. If you’re curious what is available and what would be a smart investment, (and where!) Melanie is here to help you find the property that will yield you the most income and be a timeless choice. Look to Melanie to provide you with a myriad of qualified listings as well as concierge-quality guidance on property management and everything else needed to facilitate your rental property.
The Palm Privilege
The Palm Privilege
Palm Realty Boutique's Partnership with RPM Mortgage gives you an excellent opportunity to take advantage of cutting edge loan products which you can comfortably qualify for, and which will make a significant difference for your financial future.
LISTING ENHANCEMENT PROGRAM
A short-term loan that allows you to complete agent-recommended upgrades to improve the value of your home. Enhanced homes can sell for more! As part of the qualification process, you will also be qualified for a loan on the purchase of your next home.
BENEFITS:
No upfront costs
Preserve precious cash
Deferred payment
Maximize your home’s value
Boutique service and privacy
THE FINE PRINT**:
Up to $50,000 available
0.01% interest-only (1.355% APR) for the first 6 months, with lender option to extend for an additional 6 months at 10% interest only (+ 1 point fee)
Secured by 2nd Lien against the current home
BRIDGE B4 YOU SELL LOAN
A short-term bridge loan leveraging your current home’s equity that enables you to purchase another home WITHOUT having to sell first.
BENEFITS:
Our banking relationship with RPM, a division of LendUS creates the possibility for a customized bridge loan suited to your needs
Snag the home you really love without the hassle of selling and moving first
Peace of mind
Boutique service and privacy
Preserve precious cash and avoid liquidating investments
THE FINE PRINT*:
2nd Lien against the current home
Combined Loan-to-Value (LTV) of 80% on the departing property. (*exceptions considered up to 90% CLTV at lender's discretion)
6.0% interest-only (8.67
We can provide the home loan solutions you need.
My Latest Links | February 18, 2020
The Latest Market Reports: February 10, 2020
Click below to view the latest market reports for your favorite Southern California communities…