On July 26, 2023 the central bank’s Federal Open Market Committee (FOMC) raised its funds rate by a quarter percentage point. It is questionable as to whether there will be any additional increases this year. The increase is the 11th time the FOMC has raised rates since March 2022. The fed funds rate sets what banks […]
Category: Buying on LBI
LBI Real Estate HELOC
People have asked if it is possible to close on a Home Equity Line of Credit (HELOC) the same day they close on the purchase of Real Estate that they would like the HELOC against. Although there could be circumstances in which one could close on a HELOC on the same day they close […]
Long Beach Island – LBI , New Jersey is a great opportunity destination for investors.
Long Beach Island, New Jersey is a great opportunity destination for investors. Over the years I have worked with several investors – investors that are buying property to use for rental income, investors that purchase “tear downs” or vacant lots for selling new construction homes and investors that purchase property for both rental income and personal use. […]
LBI Real Estate – What to know about tax reassessments or reevaluations in New Jersey
New Jersey is not a State that will automatically reassess a property upon it being sold. New Jersey requires reassessments if it has been more than 10 years since the last reassessment was done in the subject municipality or if the coefficient of deviation (COD) for a municipality’s property assessments exceeds 15%. The COD is […]
Some things you should look out for when buying a home on Long Beach Island (LBI)
Looking to buy or sell on LBI? Call me at 609-300-3899. Email: lbideidre@gmail.com Insta: deidre_martin_lbi Website: lbideidre.com