armando montelongo companies: America’s Emptiest Cities: High Vacancy Rates
- 08/08/12 04:14 AM
Vacant properties have increased 43.8 percent in the U.S. since 2000, according to the Census Bureau. CNBC reported recently there were 14.3 million year-round vacant housing units in the country, with a 10.6 percent gross vacancy rate. Orlando, Fla., had the highest rental vacancy rate, at 18.8 percent, according to the report. Dayton, Ohio, had the highest homeowner vacancy rate on the list, as 5.4 percent of homes there were unoccupied. Vacant homes are defined as either unoccupied rentals or homes that are unoccupied and for sale. Looking at vacancies is important for real estate investors seeking to identify housing trends. … (0 comments)
armando montelongo companies: The Montelongo Companies Weekly
- 08/07/12 05:33 AM
Our digital newspaper, the Montelongo Companies Weekly, compiles the best of our news, information and data into a handy form every Tuesday afternoon. Each item is clickable, so you can go through and see the original post and its graphics, or you can scan the headlines and summaries. It’s flexible that way. You also can see the images with each story by clicking on the “Society” link. You also are welcome to subscribe to the paper and get it via email every week, if you prefer. Please click here to see the latest edition.
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armando montelongo companies: Housing Snapshot: Miami
- 08/06/12 07:12 AM
The median sale price for a house in Miami rose year-over-year for the sixth month in a row in June, according to a new report. The DQNews.com report on South Florida showed the median price was up 25 percent from $120,000, the lowest point during the housing downturn. Prices still are 48.3 percent lower than at the peak of $290,000 in June 2007. Absentee buyers, a category that includes investors and vacation-home buyers, bought 40 percent of all homes in June. They paid a median $110,000. Examining statistics for local markets is vital for real estate investors who want to take … (0 comments)
armando montelongo companies: Looking at Vacancies for Insights into Housing
- 08/06/12 06:13 AM
The bloggers at Trulia Trends recently wanted to look at the number of vacant houses across the country, but found that the standard quarterly statistics from the U.S. Bureau of the Census were simply not adequate. So they came up with a clever solution that provides some insight: They studied monthly data from the U.S. Postal Service on the number of addresses that were and were not receiving mail on a regular basis. The USPS typically considers a property vacant 90 days after mail delivery to the address ends. Vacant housing is a big part of what is referred to as … (16 comments)
The book chronicles Armando’s rise from living in a garage and on food stamps to running a company that ranked No. 19 on the Inc 500 list of the nation’s fastest-growing enterprises.
Its unique format also includes Armando’s system for finding, funding, fixing and flipping real estate in 90 days or less.
In addition to demonstration that every successful real estate investor needs a mentor, “Flip and Grow Rich” also explains how to:
Sell in any market Make your money grow … (0 comments)
Vacant properties have increased 43.8 percent in the U.S. since 2000, according to the Census Bureau.
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