Your REALTOR:
Greg Pape
July 2020
Real
"Service Above Self"


Thinking of Investing in Rentals With Others?
Investing in rental property is a way for many to take advantage of monthly cash flow while seeing the asset increase in value over time. There really isn’t any type of investment that provides both benefits as rental property can. That’s why many diversify their portfolios to include real estate. However, sometimes it can be a bit expensive to come up with the necessary down payment and closing costs as well as identify a property that will cash flow each month. With rates still flirting with record lows, now might be as good a time as ever to make the leap and purchase your very first property. Some real estate investors like to partner with others to spread the risk around a bit while at the same time being able
Mortgage Rates
U.S. averages as of July 2020:


30 yr. fixed: 3.13%
15 yr. fixed: 2.59%
5/1 yr. adj: 3.08%






able to afford a property that might just be out of reach. Think of a fourplex or an apartment building. If you’re thinking of investing in real estate with others, there are some things you
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Home Equity Lines Of Credit On The Rise…But Can You Qualify?
     The Coronavirus quarantine has you thinking about making upgrades to your home, and that has you thinking about tapping your equity to take out as a home equity loan (HELOC), right? If so, you’re part of a real estate trend that’s sweeping the nation right now.
      A new report from LendingTree found that, “While the total number of home equity loan applications has fallen since January…those who do apply for a home equity loan are more likely to use it to pay for home improvements than they might’ve been at the start of the year.”
      Across the nation’s 50 largest metro areas, “An average of 45.9% of home equity loans are being used to make home improvements,” they said. That’s up from 37.3% in



What Will Homes Look Like In A Post-pandemic World?
     Better family gathering space. More comfortable bedroom space. Peaceful and private outdoor space. If those items tick your preferred “quarantine home” boxes, we get it. 
      The truth is that being stuck at home—in a home you don’t necessarily love—stinks. So, we don’t blame you if, while you’ve been sheltering, you’ve been dreaming of what you would change and where you would move given the choice. 
      The good news is that this pandemic is already having an impact on how builders operate, and the very things that are frustrating you about your existing home will likely drive changes to design and architecture in the future.
      “While the coronavirus still rages on, it’s hard to predict what post-pandemic abodes might look like,” said Barrons. “Yet, developers around the U.S. are already rethinking projects, anticipating residents’ needs and

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Mortgage Rates Today

Regardless of one’s political leanings, housing is a topic that affects us all. Many of us face challenges in meeting housing costs, whether it is renting or owning a property, because  it has become more and more difficult for people to find affordable housing.  Some factors that cause this issue is that wages have stagnated and building costs have increased; thus, leading  the number of Americans burdened by housing costs increasing by almost 14 million in the last 30 years, and almost half of renters now pay more than half of their income on rent.

 

 



  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Greg Pape, Broker-Associate
E-mail: greg.pape@alliebeth.com
Website: http://www.gregpape.com
214-546-4066
Allie Beth Allman & Associates
214-546-4066
5015 Tracy St., #102
Dallas,Tx 75225


Equal Housing Opportunity

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