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Opinion: More financing options for ADUs are needed

Housing Wire

A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

Finance 452
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Financing proves an obstacle for ADUs

Housing Wire

The Joe Biden administration broadly identified this financing issue. The problem then, the authors found, is ascertaining favorable financing. Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans.

Finance 375
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HUD, White House announce new initiatives designed to boost housing supply

Housing Wire

Department of the Treasury are extending indefinitely the Federal Housing Administration (FHA) and Federal Financing Bank (FFB) risk-sharing program. billion in funding to build or renovate rental homes since 2021, assisting 45,000 households in that time, according to the White House. HUD has allocated $4.35

Design 423
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The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. I rented back to the previous owner, and they are still the tenant.

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Need to sell your house fast? Here are 7 great options

Housing Wire

If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. The nice thing about using Roofstock is you can sell the home with tenants in it. Sell to Your Tenants. Hire a Real Estate Agent.

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Wall Street SFR firms accused of stripping equity from neighborhoods

Housing Wire

“MIM’s analysis indicates that simply moving institutional ownership of SFR from 2% today to 10% [of the investment-property market] in the future will result in a need for over $200 billion in incremental debt financing.”. in 2021, and the number of tenants with fee arears increasing from 10% in 2018 to 20.7% in 2018 to $205.29

Tenants 399
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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! How can you capitalize on your first investment property? Determine How Much You Can Afford.

Investing 332