Interest Rates are currently BELOW 6% with Paying Less than a Point Down

Interest Rates have dropped below 6%,  AND we are seeing most Sellers paying for this point. Now could be the perfect time to consider Buying, Selling, or Investing in Real Estate. With Mortgage Rates trending down, it’s time to take a closer look at how this shift could impact your plans. Mortgage Rates Down a Full Percent from Recent High Mortgage Rates have been a hot topic due to their impact on affordability. If you’ve been waiting for Rates to drop, the recent trend may be what you’ve been hoping for Mortgage Rates Trend Down in Recent Weeks Recent economic reports and Federal Reserve comments have led to a decline in Mortgage Rates. According to Freddie Mac, Rates are now at a level not seen since February. Greg McBride, Chief Financial Analyst at Bankrate, says: “The hopes for lower Interest Rates need the reality check that ‘lower’ doesn’t mean we’re going back to 3% Mortgage Rates. . . the best we may be able to hope for over the next year is 5.5 to 6%.” The Relationship Between Rates and Demand Lower Mortgage Rates could lead to increased competition as more Buyers resume their searches. Typically, higher Rates reduce Buyer demand, but when Rates drop, demand picks up. Bankrate notes: “If you’re ready to Buy, now might be the time to strike. Home prices have been rising primarily because of a longstanding shortage of homes for sale. That’s unlikely to change, and if Mortgage Rates do fall below 6%, it’s possible Buyers would enter the market en masse, further pushing up prices and resurrecting bidding wars.” Here are some Highlights you need to know: FHA – 5.5% First Time Home Loan – 5.875% Conventional 5% Down – 6.125% Jumbo – 5 Yr ARM 6.35% or 7.125% 30 Yr Fixed Doctor Loan – 6.0% 7 Yr ARM Construction Loan – 6.25% 7 Yr ARM Land Loan – 6.625% 15 Yr If you’ve been waiting to make your move, the recent downward trend in Mortgage Rates may be enough to get you off the sidelines. Rates have hit their lowest point in months, and that gives you the opportunity to jump back in before all the other buyers do too. Are you looking to Buy, Sell, or Invest soon? Have Questions? Contact us today to get started! 

Building Passive Income with Investment Properties in Nashville & Beyond

Did you know we specialize in Investment Properties to help you build Passive Income? At Nashville on the Move, we offer comprehensive services to assist you with various types of Investment Opportunities. Whether you’re interested in Long-Term Rentals, Developments, Short-Term Rentals, Duplexes, Land, or Commercial Properties, our Expert Team is here to guide you through the Process. Types of Investment Properties: Long-Term Rentals: Secure a steady stream of Income by Investing in Residential properties designed for Long-Term Tenants. These investments provide stability and consistent cash flow. Developments: Get involved in property development projects. From planning to execution, we help you Maximize Returns on New Construction and Renovation Projects. Short-Term Rentals: Tap into the Vacation Rental Market by Investing in Properties suitable for platforms like Airbnb. Ideal for High-Demand tourist areas in Middle TN, The Smoky Mountains, and 30A/Florida. Duplexes: Consider Duplexes for a Flexible Investment option that can serve as both a Personal Residence and an Income-Generating Rental. Land: Invest in land for future development or resale. This can include residential plots, commercial lots, or acreage in prime locations. Commercial Properties: Explore opportunities in the Commercial Real Estate Market. From retail spaces to office buildings, Commercial properties can yield significant returns. Areas We Cover: Middle Tennessee: Benefit from the Dynamic and Growing Real Estate Market in areas like Nashville, Franklin, and Murfreesboro. The Smoky Mountains: Invest in one of the most visited National Parks in the United States. Properties here are perfect for Short-Term Rentals. The Beach at 30A: Enjoy the benefits of Beachfront Properties in Florida’s scenic 30A area, known for its luxury homes and high rental demand. Interested in Building Passive Income through Real Estate Investments? Contact us today to explore your options and start your journey towards Financial Independence. Photo from our Land/Lot Listing at 322 Vaughn Rd (Listing Agent, Allen Perry).

Discover the Benefits of DADUs for Real Estate Investors

Accessory Dwelling Units, commonly known as ADUs or DADUs (Detached Additional Dwelling Units), are becoming increasingly popular among Real Estate Investors for several good reasons. Not only do they offer a variety of benefits, but they also present unique opportunities for maximizing Rental Profits and expanding property functionality. Let’s delve into what exactly a DADU is, and why it’s an excellent Investment option for Property Owners. What is a DADU or ADU? ADU stands for Accessory Dwelling Unit or (DADU, Detached Additional Dwelling Unit). It is a secondary housing unit on a single-family residential lot. DADUs are fully equipped living spaces that are separate from the primary residence, providing privacy and independence for the occupants. These units can take various forms, including Detached Structures like Cottages, Studio Apartments above Garages, or Converted Basements. Benefits of DADUs: Rental Profits: One of the most significant advantages of having a DADU is the potential for rental income. By Renting out the secondary unit, Property Owners can generate additional cash flow, helping to offset Mortgage costs and increase overall profitability. Increased Property Value: DADUs can significantly increase the value of a property. The ability to offer a secondary living space adds versatility and appeal to the property, making it more attractive to potential Buyers and Tenants. Flexible Use: DADUs offer versatility in use. They can serve as guest houses for visiting family and friends, home offices, gyms, music studios, or rental units for long-term tenants, or vacation rentals. Multigenerational Living: DADUs provide an excellent housing solution for Multigenerational Families. They offer privacy and independence, while also allowing family members to live in close proximity to one another. Additional DADU Information: The population of Metro Nashville has been on a steady year-over-year incline with the peak influx being estimated at a staggering 100 new residents per day. Homeowners in Davidson County within the zoning code of R (Residential one and two family) or Rs (Residential single family) can create a Detached Accessory Dwelling Unit (DADU) on their property. DADUs are popular among Homebuyers looking for Multi-Generational Housing. According to an article published by PEW Research Center, in 2021, the share of the U.S. population in Multigenerational Homes has more than doubled, from 7% in 1971 to 18% in 2021. Statistics sourced from Greater Nashville Realtors; Learn more HERE. Nashville on the Move: Your Real Estate Investment Partner At Nashville on the Move, we understand the value of Investing in Real Estate, and growing your wealth! Whether you’re looking to buy a property with a DADU already in place, or you’re considering adding one to your existing property, we have the expertise and resources to guide you through the process. Contact us today to get started!  We are here to help you Buy, Sell, or Invest in Real Estate with Confidence. Photos from our Past Sale at 4011 Nebraska Ave Listed by Allen Perry

Real Estate Investing: Unlocking the Power of a Roth IRA

When it comes to saving for Retirement, many people are familiar with traditional options like 401(k)s and IRAs (Individual Retirement Accounts). However, there’s another powerful Retirement savings tool that can be a game-changer for those interested in Real Estate investing: the Roth IRA. In this blog post, we’ll explore how a Roth IRA can be used for Real Estate investment and why it’s an excellent choice for building wealth and securing your Financial future. Understanding the Roth IRA: Before diving into Real Estate, let’s briefly recap what a Roth IRA is and what sets it apart: Tax-Free Growth: Contributions to a Roth IRA are made with after-Tax dollars, meaning you don’t get an immediate Tax deduction. However, the Real magic happens when your investments grow over time because all qualified withdrawals, including earnings, are Tax-free in Retirement. No Mandatory Withdrawals: Unlike traditional IRAs and 401(k)s, Roth IRAs do not require you to take minimum distributions once you reach a certain age. You can let your investments grow for as long as you like, allowing for more flexibility in Retirement planning. Contributions and Income Limits: There are annual contribution limits for Roth IRAs, and eligibility depends on your income. Be sure to check the IRS Guidelines to see if you qualify. Using a Roth IRA for Real Estate Investment: Now, let’s explore how you can leverage the Benefits of a Roth IRA to invest in Real Estate: Self-Directed Roth IRA: To invest in Real Estate through your Roth IRA, you’ll need a self-directed Roth IRA. This specialized account allows you to invest in a wide range of assets, including Real Estate, private businesses, and more. Types of Real Estate Investments: With a self-directed Roth IRA, you can invest in various types of Real Estate, such as residential Properties, commercial Properties, vacant land, and even Real Estate-related Loans or Mortgages. Tax Benefits: As mentioned earlier, the beauty of the Roth IRA is that your Real Estate gains, rental income, or profits from Property sales are entirely Tax-free when you make qualified withdrawals in Retirement. This can result in substantial savings and increased wealth over time. Benefits of Real Estate Investing in a Roth IRA: Here are some compelling reasons to consider Real Estate investment within a Roth IRA: Long-Term Wealth Building: Real Estate has historically been a reliable wealth-building asset. By using a Roth IRA, you can accumulate significant wealth over the years while enjoying Tax-free growth. Diversification: Investing in Real Estate can help diversify your Retirement portfolio, reducing risk by spreading your investments across different asset classes. Asset Protection: Assets held within a Roth IRA generally enjoy protection from creditors and lawsuits, providing an additional layer of security. Retirement Income: Owning rental Properties within your Roth IRA can provide a source of Tax-free Retirement income, allowing you to maintain your lifestyle without worrying about Taxes. A Roth IRA can be a powerful tool for Real Estate investing, offering Tax advantages and the potential for significant long-term wealth accumulation. However, it’s essential to work with a Financial Advisor or Tax professional who specializes in self-directed IRAs to ensure you follow all IRS rules and regulations. With careful planning and smart investment choices, your Roth IRA can become a key component of your Retirement strategy, helping you achieve Financial freedom and security in your golden years.