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A friend of mine who is far smarter than I am – hold the snide comments – sent me a link to an article that was written about two weeks ago.  I’ll include a link to the article below if you really want to read it: http://bit.ly/2020REoutlook This article is one of those that points out the reasons we should all be happy and dancing in the streets relative to how well the real estate
Being a real estate investor (or a real estate agent working with one) is not for everyone, that’s for sure.  However, one of the reasons people don’t dive into the real estate investing pool is they don’t understand how the deals are financed.  Let me give you a quick breakdown of how some fix-and-flip deals are financed. Step one:  You take the acquisition price – example: $200,000; you’ll need to put down 10% – in
In the not-too-distant past, marketing and advertising were costly and, quite often, labor intensive (which means “costly”).  With social media being readily available and free to everyone, that significantly evened the score for everyone involved.  So, instead of having a handful of players who have the money and means to go after a target audience, we now have everybody and their dogs (and cats) going after that same target audience.  In other words, the lake
Recently, I had the pleasure of meeting with a person who is relatively new to being a real estate agent but not new to selling a house.  Our conversation turned to the subject of her own home that she and her husband were about to put on the market.  She wanted to know what mortgage options were available to potential buyers since her home will be listed for approximately $550,000.  FHA, obviously, wouldn’t be an
For numerous reasons, when I’m in the middle of taking a mortgage application, and I ask the borrower for her/his social security number, I often get these responses: “Do you really need to pull my credit?” “Can we wait to pull my credit until . . . ?” “I’m not comfortable giving that to you.” They don’t flinch when I ask them how much money they make or what they have in the way of