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So far Brian Carpenter has created 81 blog entries.
19 03, 2021

Finding a condo for sale in Oxford, MS for rental income

By |2021-04-13T14:20:42-05:00March 19th, 2021|Investment|0 Comments

If an investor purchases a condo for sale in Oxford, MS that is furnished, it can be used for gameday and other weekend event rental! All about investment condos Are you looking at investment condos for sale in Oxford, MS to create passive rental income? Your decision will ultimately hinge on the potential profit and net yield that the investment can make. Airbnb is widely growing in popularity with a 102% increase since 2017. The largest growing demographic are over 60 years of age as well as women. Reporting an average of $20,619 [...]

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1 04, 2020

COVID-19 and real estate

By |2020-04-03T17:00:00-05:00April 1st, 2020|News|0 Comments

COVID-19 and its impacts on real estate REALTORS® response to Covid-19 is enforcing sanitary and cleanliness at all time in real estate. Much like other sectors of life, COVID-19 is also having its impact on real estate. In response, Mississippi REALTORS® have been working diligently to respond to some of the challenges in this industry. Among these changes are the following in forms. COVID-19 Addendum to the F1 Contract for the Sale and Purchase of Real Estate (F1) This addendum provides some relaxing of the “Time is of the essence” provision of the Contract. [...]

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10 02, 2020

Millennials greatly value homeownership

By |2020-02-19T10:52:44-06:00February 10th, 2020|News|0 Comments

Most millennials value the purchase of a home over most other life decisions including marriage. Millennial home buyers are taking a long, careful approach to buying Millennial home buyers are a very calculating demographic. According to a Bank of America study conducted in 2018, most millennials value homeownership (72%) over over life events such as marriage (50%) or having children (44%). Therefore, they find themselves making very careful, well-planned home buying decisions. Needless to say, a home buyer should always take a methodical approach to purchasing regardless of age or financial position. Need advice for [...]

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20 09, 2019

Costs of buying a home

By |2020-02-19T10:53:09-06:00September 20th, 2019|Home Buyers|0 Comments

Buying a home is a big step for many people, and it also takes a substantial amount of money. Some people will assume that they could never afford to purchase a home. Likewise, others will assume that their credit score is inadequate for banks to lend money. Buying a home requires due diligence From your down payment to figuring out how much you can afford to pay monthly, it takes a lot of due diligence and patience to be sure you can afford a home. The problem is many people tend to forget about some of [...]

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29 01, 2019

Business Income Deduction for Self-Employed

By |2020-02-19T10:53:20-06:00January 29th, 2019|Investment, News|0 Comments

The regulations will benefit individuals, partnerships, S corporations, trusts and estates engaged in domestic trades or businesses. A business income deduction is available for eligible taxpayers with pass-through real estate businesses. The 2017 tax reform bill brought about Section 199A, the 20 percent business income deduction. The IRS created deduction by way of the Tax Cuts and Jobs Act of 2017. Almost any self-employed person or owner of a pass-through business (such as an S corporation, limited liability company, or partnership) with eligible income can take 20 percent off the top after business expenses are [...]

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29 11, 2018

Market Comparison Report for North Central Mississippi

By |2020-02-19T10:53:25-06:00November 29th, 2018|News|0 Comments

Home property values are on the rise while condo property values have slightly fallen. The following market comparison report is a property statistics analysis for Lafayette County. It covers the periods of January through August for 2017 and 2018. The residential market data covers all forms of residential real estate such as single-family homes, multi-family, and townhouses. Due to the number of condo/townhouse sales, statistics are likely skewed to this property type. Likewise, the residential market sales are requiring a trained professional to assess their true value. Beginning your property search? Are you thinking about buying [...]

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8 11, 2018

Prequalifying Worksheet for Prospective Buyers

By |2020-02-19T10:53:31-06:00November 8th, 2018|Lending|0 Comments

Prospective buyers knowing what they can borrow save time in their property searches. To become an educate buyer, customers and clients need to have a budget. To this end, the pre-qualifying worksheet is intended to be a guide to helping prospective buyers understand their affordable home price range. It can also provide your maximum borrowing limit. Getting pre-approved for a mortgage enables you to move quickly when you find the perfect place. As a result, the offer will not be contingent on obtaining financing and the seller will know that you are a ready, [...]

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5 11, 2018

Home Inspection Red Flags

By |2020-02-19T10:53:40-06:00November 5th, 2018|Selling Your Home|0 Comments

The home inspection is the most important pre-purchase task that a buyer can perform. A home inspection helps buyers by identifying repairable items that sellers may have been otherwise aware. A buyer can expect to receive a 40- to 60-page report with high-resolution color photos, detailed diagrams, and links to additional information. The reality is that buyers have access to more information about the home they are purchasing than ever before. The primary focus of the home inspector is to provide buyers and sellers with a better understanding of the physical condition. Items such as the [...]

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5 11, 2018

Real Estate professionals earning passive activity loss

By |2023-09-08T11:09:35-05:00November 5th, 2018|Lending|0 Comments

Qualifying for passive activity loss as a real estate professional Real estate investors who qualify are permitted to deduct their rental real estate losses against other income sources (e.g., commissions, wages, and so forth). A real estate professional (salespersons and brokers) can make rental losses fully deductible if the person meets the following criteria: He/she works at least 750 hours in the year as a real estate agent, property manager, or other listed real estate occupation. Real estate professionals must be prepared to prove to the IRS that they are really real estate professionals. For part-time real [...]

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9 07, 2018

Building equity oxford ms real estate

By |2020-02-19T10:53:51-06:00July 9th, 2018|Property Value|0 Comments

Many homeowners in the Oxford real estate market look to their home as a means to increase their overall net worth. Here, we will discuss several techniques that homeowners can use. Building equity in Oxford real estate market with capital The initial equity in the home will come in the form of the down payment. Increasing the equity in the home will require additional monthly payments to the principle as well as property appreciation. From 2016-2017, property values showed an average appreciation of 1.6% or more. In this way, a home behaves much like a publicly traded [...]

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5 07, 2018

Professionals do it better

By |2020-02-19T10:53:56-06:00July 5th, 2018|News|0 Comments

Would you perform your own surgeries or dental work? If your answer to the question is "no", then I have a follow-up question. Do you trust professionals with expertise in a specific topic? If your answer is "yes", then next time you are assessing real estate, I highly recommend hiring a REALTOR. Professional of all types cost money Professionals do not work for free. Have you ever visited your doctor and expected the trip to be pro bono? Of course not. REALTORS are no different. The principle advantage is exposure. Hiring a REALTOR allows your property [...]

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25 06, 2018

1031 Tax Deferred exchange for business real estate owners

By |2020-02-20T10:24:46-06:00June 25th, 2018|Investment, News|0 Comments

Meet with your CPA to see if you could qualify and save tons of money with the Section 1031. Tax benefits for businesses owning real estate The 1031 Tax Deferred exchange has been beneficial for individuals in agriculture and small businesses since the 1920's. Over the years, it has provided tax benefits for businesses owning real estate by deferring capital gains taxes. As a result, the business owners have been reinvesting the sale proceeds on assets held for business and investment purposes. The basis of the 1031 Tax Deferred exchange is related to [...]

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20 06, 2018

Reemphasis on commercial Real Estate near suburban homes

By |2020-02-19T10:54:04-06:00June 20th, 2018|News|0 Comments

Commercial real estate is enjoying a trend near residential neighborhoods Imagine if the tables at this gourmet restaurant were only 10-20 paces from your front door? A recent study from Daily Real Estate News shows that the suburban neighborhood developments are now preferred to be more walk-able. In these walk-able communities, developers are locating commercial real estate properties in prominent locations alongside residential properties. The result? Neighborhoods with greater walk-ability tend to yield higher resale values than properties that are exclusively residential or commercial. Examples of these types of developments in Oxford is the [...]

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15 06, 2018

What to Expect When You’re Inspecting your new Oxford Condo

By |2020-02-19T10:54:09-06:00June 15th, 2018|Home Buyers, Homeowners, Investment|0 Comments

Inspecting Oxford MS Condo: helping buyers know what they are buying A home inspection is an assessment of the home's current condition. Inspecting Oxford MS condo is common even if the buyer is not financing. The home inspection identifies problems with houses and condos and give buyers knowledge of the pertinent issues. Home inspections in Oxford are seldomly, if ever waived. It is all part of the due diligence process for buyers. Buyers investing in a property want to know what are the physical conditions of the unit. If you are a seller, you may have [...]

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11 06, 2018

How long does it take to build a house

By |2020-02-19T10:54:17-06:00June 11th, 2018|Building|0 Comments

Quality construction and design can take time. If you are in a rush, this is probably not the best option for you. Let's assume that you have already covered the costs of buying a home. The major positive benefit to building is that it allows you to slowly pay for the home as you build. Build a house in Oxford It's a great way to get the home you always wanted. Personally, I chose to build my home years ago, and it was a wonderful experience. In some cases, getting an early start on a planned [...]

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1 06, 2018

FHA Loans: Less strict lending standards and lower down-payments

By |2018-06-24T17:44:54-05:00June 1st, 2018|Lending|0 Comments

Looking for a loan for Oxford MS property? FHA loans can offer low interest rates and less strict loan requirements than other government backed loans. They are backed by the Federal Housing Administration and will require borrowers to pay for mortgage insurance. Mortgage insurance premiums Two mortgage insurance premiums are required on all FHA loans: The upfront premium is 1.75% of the loan amount -- $1,750 for a $100,000 loan. This upfront premium is paid when the borrower gets the loan. It can be financed as part of the loan amount. The second is called the [...]

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2 11, 2017

Short-term rental services decrease single family homes

By |2020-02-19T10:54:27-06:00November 2nd, 2017|Homeowners, Investment, Property Value|0 Comments

2017 data shows a decrease in the number of single family homes for sale in Oxford, MS though an increase in sales price. Declining number of homes for sale Throughout the year, there has been declining housing inventory. Several factors play into this trend as shown here. The Wall Street Journal has also cited the effect of Airbnb as a catalyst of rising home prices and rents. For the full WSJ article, click here. National and local rent trends Edward Kung, an assistant professor of economics at the University of California Los Angeles, told The Wall [...]

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27 09, 2017

Residential market comparison

By |2020-02-19T10:54:33-06:00September 27th, 2017|Oxford property sold|0 Comments

Sales prices of Oxford, MS homes continue to increase as the population continues to grow. Statistics for Oxford, MS residential market Here is some helpful research data for Oxford buyers, sellers, and property owners. Presented are the Lafayette County and Oxford, MS residential market sales for January - August 2016 and January - August 2017. In addition, it is important to note that the residential market sales include condo/townhouse sales statistics as well. Due to the number of condo/townhouse sales, statistics are likely skewed to this property type. Likewise, the residential market sales are requiring [...]

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22 08, 2017

More Oxford housing inventory needed

By |2020-02-19T10:54:38-06:00August 22nd, 2017|Building, Investment|0 Comments

Shortage of University of Mississippi housing has lead to more off-campus real estate developments. Homes for sale in Oxford MS are driven by three primary factors. With regard to signs of local market strength, many builders are not able to satisfy the housing demand in Oxford. One of the best indicators for increasing growth is the number of new building permits. See this data indicating less units sold in 2017. You can read more about the Oxford housing market statistics in 2017. 3 factors will continue to increase demand for homes for sale in [...]

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16 08, 2017

The 5 worst mistakes that Oxford homebuyers make

By |2020-02-19T10:54:44-06:00August 16th, 2017|Home Buyers, Projects|0 Comments

Check out these real-life homebuyers mistakes to prevent falling into the same traps in Oxford MS real estate. 1. Spending too much money on a wedding or event Millennials are proven to spend large amounts of money on bachelorette and bachelor excursions that can rival the cost of many honeymoons. Many of these excursions are exceeding $1000 and costing you and your best friends at the opportunity of making a down payment to make your new married life better. 2. Buying too large of a home in the Oxford MS real estate market Many expecting parents [...]

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