RHJ Investor

RHJ Investor is the department of Rental Housing Journal that speaks specifically to the interests and needs of real estate investors and apartment owners. Whether you're part or a REIT (real estate investment trust) , independently own large apartment communities, are a small landlord with 1 or 2 rental homes or choose to fix and flip, RHJ Investor is a great source for information. This site features how-tos and best practices for buying and selling property, real estate taxes, choosing property management and maintenance vendors, 1031 excahnges & TICs, apartment financing, budgeting and much more.

RHJInvestor.com is sponsored by National REIA

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Fri
18
Nov
admin's picture

REI2DAY: Flips, SFRs & Air B-n-B

REI2DAY:  Flips, SFRs & Air B-n-B

Mortgage Bankers See Increase in Originations

The Mortgage Bankers Association predicts that it expects to see $1.10 trillion in purchase mortgage originations during 2017, an 11% increase from 2016.  On the flip side, the MBA says that refinance originations will decrease by 40%.  They attribute this to strong household formation, job growth, rising wages, and continuing home price appreciation into the foreseeable future.  Click here to read more.

 

 

America’s Most Flipworthy Hotspots

Thu
17
Nov
John Triplett's picture

Luxury Arizona Apartment Community Acquired By Olympus Property

Luxury Arizona Apartment Community sold

A two-year-old, luxury, gated apartment community in the fast-growing South Price Corridor in Chandler, Arizona has been purchased by Olympus Property of Fort Worth, according to a release.

Olympus purchased Vive, a 194 unit Class "A" apartment community completed in 2014. The community is on 10 acres in the strategic location of the South Price Corridor submarket. The property features a 24-hour state-of-the-art fitness center, resort pool with spa, clubhouse with billiard table, cinema room, and an outdoor fireplace with seating. Interior amenities include some of the most premier finish outs in the entire Chandler submarket.

Thu
17
Nov
The Editors's picture

Biggest Mistake New Investors Make in Due Diligence

Biggest Mistake New Investors Make in Due Diligence

Biggest Mistake New Investors Make in Due Diligence

By Charles Dobens, www.multifamilyinsight.net

What is the biggest mistake new investor  make in multifamily due diligence?  Due diligence is where many new investors start to go astray.  They find a deal, make offers, get an offer accepted, put it under contract and then start the due diligence process.  During the due diligence process their entire focus is centered around the real estate. They interview and negotiate rates with property inspectors.  They set up a date and time that they will go through each and every unit looking for the most egregious example of poor management so that they can go back to the seller and negotiate a repair allowance.

Mon
14
Nov
John Triplett's picture

A 32-unit San Diego apartment community sold for $6.2 million

Apartment community sold in San Diego to Bascom Group

A private equity firm specializing in value-added multifamily and real estate related investments has purchased a 32-unit San Diego-area apartment community for $6.2 million, according to a release.

The Bascom Group, headquartered in Orange County, California, purchased Hillside Terrace in Vista, California $193,750 per unit or $228.00 per square foot.

 “We’re acquiring a well located, stabilized building that is ready for renovations in an expanding north San Diego economy,”  Lee Nguyen, Senior Vice President for Bascom, said in the release. “Our San Diego projects have performed well over the years so we are excited about the project.”

Fri
11
Nov
admin's picture

REI2DAY: Median Rent, Construction Employment, Metlabs & More

REI2DAY:  Median Rent, Construction Employment, Metlabs & More

U.S. Median Rent for One-Bedroom Apartment $1,126

Rental information site Zumper recently released their National Rent Report for November that showed another month of mixed results across the country with their index falling for the 3rd straight month.  The national average rental rate for one-bedroom units fell 0.9% to $1,126 while the 2-bedroom average fell 0.5% to $1,344.  Click here to read more.

 

Construction Employment Increasing

Fri
11
Nov
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REI2DAY: Best Single Family Rental Markets & More

U.S. Median Rent for One-Bedroom Apartment $1,126

Rental information site Zumper recently released their National Rent Report for November that showed another month of mixed results across the country with their index falling for the 3rd straight month.  The national average rental rate for one-bedroom units fell 0.9% to $1,126 while the 2-bedroom average fell 0.5% to $1,344.  Click here to read more.

 

Construction Employment Increasing

Mon
07
Nov
The Editors's picture

Arizona Multifamily Transactions Top $3 Billion

Multifamily transactions top $3 billion in Arizona through third quarter ABI Multifamily reports

West Coast Investors Move To The Desert

The Phoenix metro area saw $3.6 billion in total multifamily transactions, involving 10 units or more per property, through the end of the third quarter of 2016, according to a new report from ABImultifamily.com.

The transactions represent a 51% increase from 2015 and an 88% increase from 2013, according to Thomas M. Brophy, Director of Research, for ABImultifamily.com, said in a release.

The report says Arizona has been the prime benefactor of apartment investors getting priced out of expensive West Coast markets.

Fri
04
Nov
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REI2Day: 20 Hottest US Real Estate Markets & More

20 Hottest US Real Estate Markets

America’s 20 Hottest Real Estate Markets

With homes moving off the market in October up to 2% faster than this time last year the folks over at Realtor.com decided to it would be a good time to put together a list of America’s Top 20 Real Estate Markets.   Using data from where homes are in highest demand (listing views by market) and selling the fastest (measured by days on market).  They also report that the median list price of $250k – which is 8% higher than a year ago and a new record for the month of October.  Click here to read more.

 

Foreclosure Legacy From The Housing Crisis Is Finally Dead

Fri
28
Oct
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REI2Day: Single-Family Rental Returns Drop to Nine-Year Low & More

Single-Family Rental Returns

Single-Family Rental Returns Drop to Nine-Year Low

Data powerhouse RealtyTrac recently released their Q3 2016 Single Family Rental Market Report which found that for homes purchased in 2016 the average single-family rental returns dropped to a nine-year low.  Analyzing data from 473 counties, the report says the average annual gross rental yield (monthly rent, annualized, divided by median the home price) was 8.7% for properties purchased in the first seven months of 2016, down from an average of 8.8% from 2015 and the lowest level since 2007 – when it was 7.3%.  Click here to read more.

 

Foreclosure Rate Falls to Nine-Year Low

Fri
21
Oct
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REI2Day: Home Prices Will Outpace Inflation & More

Home Prices Will Outpace Inflation

Cash Sales Just Under 30% of All Home Sales in July

CoreLogic is reporting that cash sales accounted for 29.7%  of total home sales in July 2016, down 1.9 percentage points year over year from July 2015.  REO sales had the largest cash sales share in July at 57.6%, followed by resales at 29.4%, and short sales at 28.1 percent.  Newly constructed homes came in at 15%.  Overall, New York had the largest share of cash sales share at 44.6%, followed by Alabama (43.6%), Florida (39.6%), New Jersey (37.3%) and Indiana (37%).  Click here to read more.

 

Median Seller Tenure Steadily Increased Since 1985

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