Joel Wilmoth

53 Flips | 2 Magazines | 6 Followers | @joelwilmoth | Keep up with Joel Wilmoth on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Joel Wilmoth”

The Advantages Of Investing In Single-Family Rental Houses Vs. The Stock Market

I started my financial career in banking, eventually progressing to insurance and then to financial advisor over a 24 year career — 21 years as a Series 6 and then Series 7 securities licensed representative. In that span of time, I developed a unique perspective regarding the advantages of the …

Real Estate

A major home price index is now 10% above its peak right before the financial crisis

Homes prices in the US surged 6.4% in May compared to May a year ago (not seasonally-adjusted), and 1.1% from April, according to the S&P CoreLogic Case-Shiller National Home Price Index, released this morning. The index is now 10% above the crazy peak in July 2006 of "Housing Bubble 1" in this …

Housing

Off-Market Multifamily Sellers Are Leaving A Ton Of Money On The Table

CHICAGO — Marketing a property can increase the sale price by up to 23%, which runs counter to the idea that off-market deals can achieve higher …

Feds arrest dozens in sweeping action against hackers targeting wire transfers

The “Nigerian prince” who emailed you and offered millions of dollars in exchange for helping them get money out of the country may have just been …

Tampa Bay homeowners underwater on their mortgages plunges

The number of Tampa Bay homeowners underwater on their mortgages has plunged by more than two-thirds since 2015.

How a little-known Indianapolis developer got in position to land Amazon's HQ2

Ambrose Property Group could get Amazon because of persistence and sheer luck.

6 tips from top entrepreneurs on turning real estate into real wealth — even if you start with nothing

At least 30 U.S. billionaires made their money from real estate; some say that it's the greatest way to create real wealth and financial freedom.<p>These six tycoons and members of The Oracles suggest how you can invest $100,000 or start with nothing.

Real Estate

What are the risks of buying a short sale or foreclosure?

<i>I’m looking to buy a new home, and I’ve noticed that there are a couple of “short sale” and foreclosed homes in the area where I’m interested in</i> …

These Tiny Houses Help Minimum Wage Workers Become Homeowners

With monthly mortgage payments at $1 a square foot, the houses offer a path to home ownership in just seven years.<p>If you live in Detroit and make only $10,000 a year, you still might be able to buy a newly constructed house. On two vacant blocks in the city’s northwest side, a new neighborhood of …

How to Find a Contractor: 4 Essential Steps for Homeowners

A successful home renovation is contingent upon many factors, but none is more important than finding a reliable contractor. The person you hire …

Home Improvement

Why Millennials Are Interested In Real Estate Investing

Americans have stashed the majority of their investment dollars in the stock market over the years. But there may be a new trend on the horizon. In 2007, nearly two-thirds of Americans were investing in the stock market; last year, just over half did. A new generation of investors may be turning to …

Real Estate

Housing Regulator Is Pushed to Crack Down on Sales of Foreclosed Properties

Lawmakers are pressing the nation’s housing regulator over the sale of thousands of foreclosed houses to investment firms that have pitched the promise of homeownership to people unable to get a traditional mortgage.<p>Some local authorities and regulators are taking legal action against several of …

For Mayor Hogsett, 1 house down and 1,999 to go

CLOSE<p>Indianapolis Mayor Joe Hogsett has pledged to demolish and rehabilitate 2,000 homes over the next two years. The city plans to tackle Hogsett's …

Housing

Home prices will not fully recover until 2025, and a new report explains why

Check out any one of the many national home price reports, and headlines scream of new peaks and growing gains each month. Home prices are rising …

Landlord alert: Where to buy homes for the best rental returns

Today's housing market is more competitive than ever, but investors are still pouring in.<p>Interest rates remain remarkably low, which makes financing …

On 'Property Brothers,' Jonathan and Drew Unearth the 'Biggest Faux Pas in Renovation'

On "Property Brothers," <b>Jonathan and Drew Scott</b> come across a lot of hard-to-please homeowners. In their latest episode, "Starter Home to Forever …

Home Improvement

10 Cities Where the Housing Crash Still Looms Largest

Some towns, like Denver and San Francisco, have all but recovered since the housing crash. These towns haven't.<p>In 2003, as real estate prices were …

Should you own or rent a home in retirement?

A growing number of seniors are opting to rent during their golden years. Here's how to determine which option is best for you.<p>Despite the many benefits of homeownership, the U.S. rental market has seen a steady increase over the past decade and change. Between 2006 and 2014, the number of renters …

ESPN's dropping of 'Baseball Tonight' most nights is a loss for independent sports journalism

The headline news, and deservedly so: Massive layoffs at ESPN, cost-cutting that cost the jobs of dozens of high-profile reporters and personalities.<p>Beneath the headline: ESPN is dropping "Baseball Tonight" except for Sundays and special events and adding MLB Network's "Intentional Talk" to its …

Oakland Athletics

Ball that stuck to Yadi's chest protector sells for $2,015

NEW YORK -- Talk about some serious sticker shock!<p>The baseball that curiously stuck to Yadier Molina's chest protector during a game this month was sold for $2,015 in a St. Louis Cardinals online auction. There were 58 bids for the ball, and the winner was declared when the auction closed Sunday …

MLB's Top 15 Prospects Closest to Making Big League Splash

The best thing about prospects is the untapped potential—all that promise, all that hope.<p>Still, at a certain point, the rubber needs to meet the MLB road. Every prospect, no matter how highly touted, must prove his worth in the Show.<p>Here, then, is a look at the top 15 blue-chip minor leaguers …

Bleacher Report's Full 2017 Fantasy Baseball Draft Guide

After an offseason of research and preparation, it's finally here.<p>It's time for your annual fantasy baseball draft, and what you need now is all of that offseason research and information at your fingertips in one easy, convenient article.<p>That's exactly what you'll find here in Bleacher Report's …

Small Homes or Big: Which Ones Give You More Return? | Investopedia

When considering the small vs. big home question, you should first remember the old adage regarding real estate: “location, location, location.” That …

Real Estate Survey Finds 'Trump Bump' In The Midwest And Rural Areas

President Donald Trump may be enduring sagging poll numbers since taking office in January, but his election appears to be lifting the spirits of a core group of his supporters when it comes to real estate and the economy.<p>Multiple years of uninterrupted job gains and hope that the best is yet to …

A penthouse owned by Trump's trust is on the market for $35 million — look inside

Trump transferred the unit, located at 502 Park Avenue, to the trust in January, but he has been trying to sell the unit for quite a while. He first listed it in 2008 for $45 million, then raised the ask to $51 million after a renovation, before dropping it back down to $31 million. He brought it …

Donald Trump

Why Homes Listed in May Sell Faster and for More Money

For homeowners looking to sell their house quickly and for top dollar, the best time to list is in the late spring — specifically the first half of …

Real Estate

A 27-year-old realtor and landlord explains the 4 things to look for in a good investment property

But after deciding they wanted to be in Boston instead, where most of their friends were living at the time, they rented out the condo and used the income to cover rent and expenses in the city.<p>"[I]n our first two months of being landlords we had a mouse problem and one of the guys put a shot glass …

Real Estate

Trump's Congressional Address: What Matters to Real Estate

In his address to Congress on Tuesday night, President Donald Trump renewed his pledge to rebuild the country's infrastructure, replace the …

Real Estate

Massive single-family rental merger: Tricon Capital to acquire Silver Bay Realty Trust for $1.4 billion

In a deal that will shake up the single-family rental industry, <b>Tricon Capital Group</b> announced this week that it plans to acquire <b>Silver Bay Realty</b> …

Real Estate

What can $125K buy you in Detroit right now?

What kind of house can $125,000 get you in Detroit these days? We’ve rounded up four move-in ready homes from different neighborhoods, including East English Village, Fitzgerald, Rosedale Park, and Pingree Park. Which would you choose?<p>The first is a recently remodeled home in the Fitzgerald …

Living Rooms