Podcasts about Mortgage loan

Achieving Rapid Growth During Challenging Times E1 In this episode of The Confidence Curve, hosts Ashley and Rick Bowers welcome Jenn Folk, of TriPointe Connect, who shares her 20-year journey in the mortgage industry and the importance of communication and trust in building a collaborative company culture. Jenn discusses the challenges of scaling a business, […]

Achieving Rapid Growth During Challenging Times E1 In this episode of The Confidence Curve, hosts Ashley and Rick Bowers welcome Jenn Folk, of TriPointe Connect, who shares her 20-year journey in the mortgage industry and the importance of communication and trust in building a collaborative company culture. Jenn discusses the challenges of scaling a business, […] The post Achieving Rapid Growth During Challenging Times E1 appeared first on Business RadioX ®.

Welcome back to another episode of our The Elite Expert Podcast! Today, we have a special guest, Fred Moskowitz, a seasoned fund manager and expert in alternative investments. Fred has an extensive background, starting his career during the dot-com boom and experiencing firsthand the risks of relying solely on a paycheck. This realization led him to diversify his income sources and delve into the world of alternative investments. Learn More: https://www.fredmoskowitz.com/

Because interest rates continue to stay high, people are looking for other options than to refinance. Karla Kyte, Mortgage Lender, CDLP, and Divorce Mortgage Planner is my guest in the episode and guess what? She's got a GREAT option for you if you are trying to stay in your home but can't afford high interest rate payments. We are talking about mortgage loan assumptions and everything you need to know. Learn more here: https://www.divorcedgirlsmiling.com/the-hottest-topic-in-divorce-mortgage-loan-assumptions/

Jeff Scheuren, EVP, President and COO at Fulton Mortgage Co. Highlights include: key factors that drive pricing; start with cost to originate; understanding market rate movement; what is a good proxy and be a true financial advisor. Jeff has been in the mortgage industry for over 30 years.

The JREP crew is back, and this time we discuss the ins and outs of home loans in Japan - who can qualify, how are mortgages assessed, what level of Japanese and employment is required, and much, much more.

PODCAST recorded 05/15/24 - Investment Advisor, JB Bryan will discuss .....Mortgage Loan changes, Interest rates, Housing Prices, Home Sales. Why have so many banks stopped doing mortgage loans? Why are homeowners holding onto their equity? AfroEconomics LIVE! #JBBRYAN Visit www.JBBRYAN.com to request a complimentary consultation or call 1-844-JBBRYAN (522-7926). Powered by JB Bryan Financial Group, Inc., A Registered Investment Advisory Firm - The Home of AfroEconomics. #JBBRYAN #AfroEconomics #WorkLifeBalance

We're back for another episode that will guide us more to navigate the complexity of deal and property financing in today's market!Today, we're excited to have Shante Duffy on the show to discuss her expertise in loan servicing, her approach to serving investors in acquiring loans, and the process for borrowers to qualify for loans with them. Key Points & Relevant TopicsHow Shante got into the mortgage servicing industryThings Shante loves about the mortgage servicing businessThe typical process and steps for investors to acquire loansWould there be regulatory changes impacting investors in utilizing loan services?What happens if servicers fall out of compliance?The most challenging part of handling non-performing loans for servicersHow important it is for investors to constantly communicate with loan servicersResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Shante DuffyShante Duffy stands out as a leading figure in the mortgage servicing industry, holding the pivotal role of Director of Business Operations at BIFI Loan Servicing. Her influence and dedication have made significant impacts across the sector.With over a decade of dedicated service, Shante has mastered the intricacies of loan servicing operations, regulatory compliance, and management of bankruptcy and foreclosure processes. Her hands-on experience has been instrumental in driving success and efficiency.As a visionary cofounder of BIFI Loan Servicing, Shante has directly addressed investor frustrations, creating a platform "By Investors, For Investors." This initiative showcases her commitment to solving industry-wide "pain points" in the loan servicing space and enhancing investor focus and satisfaction.Get in Touch with ShanteWebsite: https://bifils.com/ Email: servicing@bifils.com LinkedIn: BIFI Loan Servicing / Shante DuffyFacebook: BIFI Loan Servicing LLC / Shante DuffyTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

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In this episode, Megan Stafford shares her continuous investing success in Arkansas. She talks about utilizing FHA loans, remodeling properties, flipping undervalued assets, and long-term property holding. By tuning in, we'll also pick up on some of the nuances of investing in the California market, finding deals, and diversifying a portfolio across multiple asset classes. Key Points & Relevant TopicsMegan's entry into real estate investing and renovating duplexesProcesses and requirements to qualify for the FHA loanAdvantages of Arkansas over the California marketHow Megan got into flipping distressed properties and finance renovations The challenging part of flipping properties Ways to find deals online Megan's criteria for evaluating a good dealThe importance of having a mentor and networking with peopleResources & LinksBiggerPocketsBrandon Turner BooksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Megan StaffordMegan is the founder and CEO of Dreamy Capital, a real estate investment firm specializing in 3-5-year holds on SFR properties. Megan started her real estate career in 2013 by selling a few bitcoins she had bought earlier that year. With less than a $4,000 down payment, she bought her first duplex with an FHA 203k loan in Central Arkansas. Since then, she has managed a commercial real estate portfolio in the San Francisco Bay Area worth over $200 million in multiple asset classes- multifamily, retail, office, and mixed-use. She has grown her personal portfolio from a start of $400 to a value of $2.28 million with over half of that value coming from the last 2 years.   Megan enjoys making music, playing with her pups, and traveling the world with her life partner. Her ultimate goal in life is to help others achieve their goals by investing in real estate. Get in Touch with MeganWebsite: https://dreamycapital.com/ Email: megan@dreamycapital.com; meg@dreamycapital.com Instagram: @dreamycapitalTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

What is going on with the mortgage rates? What does it look like for interest rates in the near future? Are there and loan programs that are appealing to buyers? Is this a good time to buy or sell? 

Conforming loan limits going to $766,550 FHA loan limits going to $498,257HECM going to $1.1 millionThat will allow you to get more home without having to go to Jumbo pricingwhen rates come down it will be a great opportunity to consolidate debt and have the ability to larger loan amounts.With home prices continually increasing there is more opportunity to get the home now with Conventional financing that can have easier qualifying, and possible appraisal waiver as well.Many benefits to going Conventional vs Jumbo financing. tune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls212566DDA Mortgage nmls324329 Support the show

Are you a first-time homebuyer navigating the complex world of mortgages? Look no further! In this informative video, we break down the ins and outs of FHA loans – the go-to choice for many first-time homebuyers. FHA loans, or Federal Housing Administration loans, have become synonymous with the journey to homeownership for good reason. Join us as we unravel the mystery behind these loans, explaining their benefits and why they've earned the title of the most popular mortgage option for those taking their first steps into real estate. Discover how FHA loans make homeownership more accessible with lower down payments and flexible credit score requirements. We'll delve into the features that set FHA loans apart, ensuring you have a clear understanding of the advantages they offer to make your dream of owning a home a reality. Whether you're a newcomer to the real estate market or someone considering FHA loans but are not a first time homebuyer, this video is your comprehensive guide to understanding the intricacies of these loans and how they can be the key to unlocking the door to a home of your own. Don't miss out on essential insights that will empower you on your homebuying journey. Hit play, subscribe, and let's embark on the path to homeownership together!

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit www.EckardEnterprises.com Today I'm excited to talk with Doug about some of this craziness that's going on with the mortgage industry in mortgage rates in particular in the past few months, if you hadn't been paying attention rates have been skyrocketing. We're gonna talk a little bit about what's going on there and what you might expect in the future. We're also gonna get into primarily talking about the pros and cons of a physician loan. LINKS: www.WrenneFinancial.com

I'm thrilled to share with you the latest episode of our podcast where we had the pleasure of hosting Taylor Judge, a seasoned mortgage broker from Loan Pronto. Taylor's passion for educating clients and real estate agents about the mortgage process is truly inspiring. Here are some key takeaways from our enlightening conversation: 00:02:39 The Mortgage Broker vs. Loan Officer Debate: Taylor clarified the difference between a mortgage broker and a loan officer, explaining how her role as a mortgage broker allows her to offer clients a wider range of options to best suit their needs. 00:20:40 The Importance of Pre-Approval: We discussed the crucial role of pre-approval in the home buying process. It not only saves time but also prevents potential heartache. Remember, in today's competitive real estate market, pre-approval is often a requirement. 00:23:12 Client Communication: Taylor emphasized the importance of open communication and transparency. She's always available to answer any questions, even if the client ultimately chooses a different lender. 00:25:51 Staying Informed: Taylor stays up-to-date with industry changes and trends, ensuring she can provide her clients with the most current information and options. Refinancing Simplified: Taylor shared insights into the refinancing process, highlighting its simplicity and convenience compared to the home buying process. FHA Loans: We discussed the recent decrease in FHA mortgage insurance premiums and how this has made FHA loans more attractive in certain situations. Inspiration from Forrest Gump: Taylor shared how the movie "Forrest Gump" inspires her to overcome obstacles and negativity, a sentiment she passes on to her clients. I hope these insights spark your curiosity and entice you to listen to the full episode. Remember, it's crucial to seek advice from professionals who are knowledgeable about the current market conditions. So, don't hesitate to ask questions and seek guidance. If this episode resonates with you, please download, share, and leave a review or comment on our website or Spotify. And as always, remember to work it, live it, and own it in your everyday lives. Happy listening! Links and Resources: Contact Taylor: https://linktr.ee/taylor.made.mortgages Connect with SaCola: ⁠https://workitliveitownit.com/⁠ Follow SaCola on Facebook: ⁠https://www.facebook.com/workitliveitownit⁠ Follow SaCola on Instagram: ⁠https://www.instagram.com/workitliveitownit/⁠ Subscribe to Work it, Live it, Own it! On YouTube: ⁠https://bit.ly/2lxB1TS⁠ Read more about SaCola's real estate story: ⁠https://bit.ly/40T3dnt⁠ Check out the Homebuyers Guide: ⁠https://bit.ly/3VoOGi5⁠ Check out the Sell Your Home Guide: ⁠https://bit.ly/3NuHP58⁠ --- Send in a voice message: https://podcasters.spotify.com/pod/show/workitliveitownit/message

As we all know, the mortgage process can be stressful. Bank statements, credit scores, interest rates, loan estimates, closing disclosures, and more can really bog you down during the home buying journey. During this weeks episode, the ladies of Real Talk Atlanta will be providing you with a quick list of do's and don'ts to help you cut through the noise and create a speedy mortgage process so you can focus on the fun stuff: finding your dream home! And who better to have this conversation with than out expert mortgage lender who we all use on our personal deals– Mr. George Wise! Be sure to tune in today to learn more on how you can make your homeownership goals a reality!_______This episode is brought to you by BetterHelp Therapy.  BetterHelp has connected over 3 million people with licensed therapists. It's convenient and accessible anywhere — 100% online. Learn more and save 10% off your first month at BetterHelp.com/REALTALKATL_______F O L L O W    O U R    S O C I A L S !If you're looking to insure the bag, click here to connect with Herve: ◦ Instagram: https://www.instagram.com/realtalkatlanta/◦ SUBMIT QUESTIONS : realtalkatlpod@gmail.com◦ Ashley: https://www.instagram.com/ashley__larae/◦ River: https://www.instagram.com/rivertherealtor/◦ Tiesha: https://www.instagram.com/thereal_tiesharena/◦ Neika: https://www.instagram.com/neikaw.realestate/

What are pros and cons of physician mortgage loans? What do you need to know before taking one out, especially during a crazy market and changing rates causing sticker shock?   In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Doug Crouse, mortgage lender that specializes in physician loans and author of Hippocratic House: Do No Harm When Purchasing Your First Physician Home.   Topics Discussed: • Advantages: Low down payments, lack of PMI, and new job qualifications • House Poor HENRY? Don't go into major debt to keep up with the Joneses • Hippocratic House: What to ask/expect as a first-time physician home buyer • Disadvantages: Some lenders price their physician loans higher due to upsides • Due Diligence: What to consider with lenders—service, rate, and closing costs • Doug's Predictions: Rates will continue to climb but not at same pace • ARM: Makes sense if you don't stay in the house and you make enough money   Links: Historical 30-Year Mortgage Rates Doug Crouse - Physician Loans at BMO Harris Bank Hippocratic House: Do No Harm When Purchasing Your First Physician Home by Doug Crouse (Amazon) Hippocratic House: Do No Harm When Purchasing Your First Physician Home (Free Copy) The Big Short Movie Contact Finance for Physicians Finance for Physicians

Real Estate Expert & Best-Selling Author, Gerald Lucas reveals how to get a 3% mortgage loan today

Kristi Nowrouzi, a mortgage loan expert and a certified credit counselor, joins John on The Crossman Conversation to discuss her new book, "Finish Financially Free." Kristi's mission is to help people make the biggest purchase in their life, a home. Oftentimes, she finds many people struggled with debt and maxed out credit cards before taking out a mortgage. Kristi's book aims to help people finish financially free, and to make enough money to dream big when before they felt like they were drowning.

Are you concerned about the higher mortgage rates in today's real estate market?

We use a system called Arive, which will update the realtors and the borrower on the status of the file from beginning to end so you always know where you are at automatically. When we take a loan, within days it is submitted to underwriting, no time at all and we du/lp approve loans that day we get the contract so we know where we stand from day 1. I also attend my closings to make sure all is done and enjoy being with you at the end. tune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls#212566DDA Mortgage nmls#324329 Support the show

Welcome to The Capital Playbook hosted by Charles Williams. In this episode, we are excited to welcome a special guest, Rob Anderson from BV Capital. Join us as Rob dives into a comprehensive discussion on DST (Delaware Statutory Trust), shedding light on its complexities, benefits, and applications in the world of finance. Whether you're an investor, entrepreneur, or simply curious about DST, this episode offers valuable insights and expertise. Tune in to explore the ins and outs of DST with Charles Williams and guest Rob Anderson. Subscribe now and elevate your financial knowledge with The Capital Playbook.

Modernization can be boiled down to an equation. The more data and automation available to improve the overall mortgage origination process, the more the overall cost to originate the loan goes down.In fact, one of the industry's largest organizations, the Mortgage Industry Standards Maintenance Organization (MISMO), is working steadily to streamline the mortgage origination process by replacing paper forms with digital processes.In this episode, host Maiclaire Bolton Smith sits down with Sage Nichols, an executive for client success at CoreLogic, to talk about how standards, best practices and property data can pave the way for modernizing the mortgage industry.In This Episode:0:45 –Why is digitizing data the No. 1 priority for customers?1:50 – How do standards around property data contribute to affordability? High cost to originate2:55 – What are the challenges surrounding the adoption of these standards?5:34 – The Natural Disaster Digest with Erika Stanley6:32 – How is MISMO blazing the path to simplify the mortgage closing process (hint: e-closings are important)9:09 – How exactly does accurate and reliable property data reduce the likelihood of fraud?10:33 – What's next for MISMO?Up Next: Appraising PropTech Innovation: Do Short-Term Changes Have Long-Term Effects?Find full episodes with all our guests in our podcast archive here: https://clgx.co/3zqhBZt

In this episode Luis speaks with Thomas Russo. Tom is the Managing Member of Coltrain Funding Group, located in NY. With over 25 years of experience in mortgages, Tom loves to help individuals and families achieve their dream of homeownership. Tune in to learn more about what you need to know before you apply for a mortgage loan.  Notes: In this episode Luis and Tom talk about: The difference between a mortgage banker and a mortgage broker The criteria that lenders look at in order to determine a loan approval How to buy an investment property with less than 20% down Alternative lending products to traditional mortgage loans And much more…… Resources: Coltrain Funding Group's Website Follow Coltrain on Instagram Luis' LinkedIN Luis' Twitter Luis' IG On My Way to Wealth YouTube Channel  

On today's episode, we sit down with mortgage lender, Kat Gagnon of Northern Mortgage Services, who discusses her role as a lender, the services Northern Mortgage offers their clients, and also some helpful resources to help those looking to buy a home in this crazy market. Stay tuned for more from Kat as we dive deeper into mortgage loans in our upcoming episodes! Follow Seaport Real Services: • Instagram: @seaportrealestategroup • Facebook: @SeaportRealEstateGroup • LinkedIn: @seaportrealestategroup • Website: www.seaportre.com Seaport Real Estate Services is a multi-faceted brokerage house, woven tightly together by a client-centric advisory approach backed by hardcore valuation principles. This company represents a higher level of real estate knowledge, service, attention to detail, marketing, honesty, integrity, and the ability to negotiate on a client's behalf. Through this advisory philosophy, a network of reputable clientele and like-minded agents has grown globally. --- Support this podcast: https://podcasters.spotify.com/pod/show/seaportre/support

Loan Officers, watch this training to learn how you can be an expert on Profit & Loss mortgage loan programs for your Mortgage Loan business. Let's cover all angles of our knowledge and expertise!  Learn how to complete your initial interview and structure of a P&L loan for a self employed borrower.#loanofficertraining #profitandloss #loanofficerlife #mortgageloanoriginator #mortgageloanofficer The Mortgage Calculator Loan Officer Training Series covers an in depth training for new and experienced MLOs on different loan types. Our program features a live demo to not only structure a loan, but also the specific setup of a loan file in an LOS system such as Encompass.Loan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinAbout The Mortgage Calculator:The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more!Our Mortgage Loan Originators are trained to be loan consultants to guide borrowers throuCatch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...

Homebuilders are offering very attractive rates to new potential homebuyers. I dig into how and why they are providing these very low fixed-rate incentives and what it may mean for the housing market and homebuilders going forward. --- Support this podcast: https://podcasters.spotify.com/pod/show/mark-salib4/support

In this episode, mortgage loan expert Ivan Simental NMLS# 1762746, shares insights into the requirements and challenges involved in obtaining a mortgage loan as a self-employed individual in 2023. Listeners will learn about the different types of mortgage loans available to self-employed individuals, the documentation required to qualify for a loan, and tips on how to increase their chances of qualifying. This episode is a valuable resource for self-employed individuals who are considering applying for a mortgage loan.>> Read the article "Self-Employed Mortgage Loan | Requirements 2023"Learn more about home buying, refinancing, and real estate investing at themortgagereports.comThe Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791

[Reverse Mortgage Daily] One lender speaks out on navigating a tough reverse market [ClassAction-org] Attorneys investigating if equity sharing agreement is actually a reverse mortgage loan [Morningstar] Can Social Security keep pace with high inflation?

Marsha, Rhonda, & Byron discuss different loan programs, educating buyers on the loan process, & More.

"Should I wait for the interest rate to drop before I purchase? How much do Interest rates really matter? Why could waiting cost you more money in the long run?" People always say they are waiting for rates and values to come down, and a list of other excuses on why they can't do it right now. And while there are so many opportunities, many people are getting caught up in that rated game. In this episode, Kayla Kallander, a veteran Mortgage Loan originator, originally from Walhalla, ND will share with us her over 19 years of banking experience at First International Bank & Trust and her insights on the current real estate trends. Kyla is a graduate of North Dakota State University where she holds a bachelor's degree in Business Administration with an emphasis in Marketing. She is extremely passionate about her clients and ensures they receive elite service as she understands that home lending needs are one of the most important financial decisions a person will make. The economy has many moving pieces, which can make it challenging to grasp the overall picture and predict what will happen. So, listen to her prediction of this current market, and know the ins and outs and the whys of the essential things you should be doing. If you're seriously thinking of homeownership, discover its creative solutions and opportunities offered, and most importantly… the reason why rates might go down this year. What You'll Learn From This Episode: Where Kayla came from, how she became a Mortgage Loan Originator, and what's her passion for her clients? What has history taught Kayla about the current time that we're in as far as mortgages and real estate in general? Kayla's perception of where the market is going Understanding and starting to see the value in each market What are the portfolio programs or services Kayla offers that they're successful with? The importance of communication and education amongst the entire team How to convey the fear of rates to a consumer who's considering a potential purchase in this current climate? Helpful nuggets that will inspire and motivate you in your endeavor in terms of buying a house. Connect with Kayla @ Phone: 701-370-9766 Email: kkallander@fibt.com Website: poplme.co/waXRMK1y Instagram: https://www.instagram.com/kaylakallandermortgage/ Connect with Corwyn @: Contact Number: 843-619-3005 Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Email @: corwyn@corwynmelette.com --- Support this podcast: https://anchor.fm/corwyn-j-melette/support

At "The Mortgage Calculator," we believe that loan officers should have a solid understanding of how to originate a HELOC piggyback combo mortgage loan. That's why we have developed a comprehensive training program to help loan officers master the art of originating this unique type of loan.Our training program will cover everything from understanding the basics of HELOC piggyback combo mortgage loans to identifying eligible borrowers and analyzing their creditworthiness. We will share proven strategies for structuring the loan to ensure that it meets the borrower's needs while mitigating risk for the lender.#heloc #helocloans #helocmortgageloan #loanofficers #loanofficertraining #loanofficerlife The Mortgage Calculator Loan Officer Training Series covers an in depth training for new and experienced MLOs on different loan types. Our program features a live demo to not only structure a loan, but also the specific setup of a loan file in an LOS system such as Encompass.Loan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinAbout The Mortgage Calculator:The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-Podcast Catch all the episodes of the Loan Officer Training Podcast at https://themortgagecalculator.com/Page/Loan-Officer-Training-Series-PodcastLoan Officers for Unlimited Free Non-QM Leads & Trainings Join The Mortgage Calculator at https://themortgagecalculator.com/joinThe Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access...

Learn the beginner's mistakes to avoid. Is setting up a real estate LLC even worth it? Learn how to build the right credit score for a mortgage loan, including why you actually don't want a score over 800. If a cash flowing property is so great, why would anyone sell it to you? I outline a myriad of reasons. Should you make a lowball offer to a real estate seller? Learn negotiation techniques. Earnest money procedures are covered. The real estate buying process is slow. From the time that you make the offer, it can often take over 30 days to close the deal. Once your offer is accepted, I recommend a professional third party inspection. It can cost you $300 to $500 for a single-family income property up to $1,000 for a fourplex inspection. I cover property appraisals and how they verify the quality of the bank's collateral. Learn how to get a good feel for your property manager and what their duties are.  I discuss the Management Agreement between you and your manager. Be sure to tell your insurance provider that this is a rental property, not your primary residence. A mobile notary meets you at your home, workplace, airport, or even a restaurant in order to complete the paper-and-ink closing process. This wraps up the deal. Get started with income property at: GREmarketplace.com. For free coaching to help get you started, contact our free Investment Coach, Naresh, at: GREmarketplace.com/Coach Resources mentioned: Show Notes: www.GetRichEducation.com/433 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Analyze your RE portfolio at (use code “GRE” for 10% off): MyPropertyStats.com  Memphis property that cash flows from Day 1: www.MidSouthHomeBuyers.com I'd be grateful if you search “how to leave an Apple Podcasts review” and do this for the show. Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Welcome to GRE! I'm your host Keith Weinhold, here to help BEGINNING Real Estate Investors Today.    The biggest beginner mistakes to avoid, when you make an offer - can you lowball a turnkey provider, and all those buyer steps like LLCs, mortgage pre-approval, inspection, appraisal, and closing. Today, on Get Rich Education. _____________________   Welcome to GRE. From Athens, Greece to Athens, Georgia and across 188 nations worldwide. The voice of REI since 2014.    This is Get Rich Education Podcast episode 433 - and this is your Beginner's Real Estate Investing Audio Guide. Hi, I'm your host Keith Weinhold.   We're talking about how to get into long-term buy & hold RE investing - and that's because it's the most generationally-proven way to build wealth.   First, let's talk about a couple of the biggest mistakes that real estate investors make - it's being invested in only one geographic market. Often, that's the market that they just happen to live in.    There is more risk with being in only one market than most realize, because you're now tied to the fortunes or misfortunes of just one area's economy.   Another substantial, common real estate investor mistake is that they continue to hold onto one - I'll call it - special - property in their portfolio that they usually need to get rid of - but they have either sentimental ties to it - or they just hold onto it for convenience, and do you know what that property is?   I'm actually talking about a specific property here.   It's the home that YOU YOU USED TO LIVE IN yourself. Well, what's wrong with renting out the home that you used to live in yourself?    You might still have the preferable owner-occupied financing locked in on that one - and afterall, that's a better rate than you could get on a non-owner-occupied rental.   The problem is that the property probably doesn't perform BEST as a rental.   But you might be clearing, say $600 per month by using your former primary residence as a rental today.    Look, for you, it's often about the cash flow - and yes, it is about the cash flow.    But there's something even more important than cash flow - that's because nearly any property will cash flow if the loan were paid off.   That's why it's really more specifically about the rent-to-price ratio of a property.   If you're renting out the home that you used to live in, and it wasn't strategically bought as a rental, if your rent-to-price ratio is 0.4%, meaning that for every $100K in value it has, you're only getting $400 of monthly rent income, then you're losing cash flow dollars every year - and every month.   Look, let's give a real life example of the .4% RV ratio. Say that you can get $2,000 rent out of that $500K property that you used to live in.    But instead, three $150K homes bought strategically as rentals can have a combined rent income of $3,000.    So it's either one $500K property at $2,000 of rent income. Or three $150K properties at $3,000 of rent income.    So you're losing $1,000 dollars of cash flow every month - by not buying and owning strategically in markets in the Midwest and South where the properties make sense as a RENTAL on the day that you buy it.   Your primary residence only made sense as a primary residence on the day that you bought it.    Now you can see that the only reason that you still own it, is because you defaulted and “fell” into it. Don't fall into things. Often, you want to be intentional.    You are a better investor when you're intentional rather than emotional.   It's even better for you now. Beyond your $1,000 of additional cash flow with some repositioning, now, with three properties instead of one - now you've also taken care of the first real estate investor mistake that I mentioned.   WITH three rentals rather than one, now you can be diversified across multiple markets.   Two birds are killed with one stone. Now with some re-positioning, you've increased your cash flow by $1,000, AND you're in multiple markets. One property isn't divisible.   And this $1,000 of monthly cash flow example is small. Of course, the differences can be greater than this.   We're talking about real estate investing for beginners today, so let me clearly guide you through step-by-step on just how you go about buying your first property - writing an offer, getting an independent third-party property inspection and vetting your Property Manager which is known as due diligence, then the appraisal, and onto closing and receiving cash flow from the tenant.   As you'll see, much of today's show pertains to any investment property at all.   But we're talking mostly about how to buy what are known as turnkey homes, especially homes outside your home market - as most of the best deals are not found where you live.   Turnkey means three basic things. #1- You buy a property that's either brand new construction or fully renovated. #2- A tenant is placed for you - and you get to approve them. And #3- the property is held under management for you from Day 1 - if you so choose.   Like they say, the best investors live where they want to live, invest where the numbers make sense.   Today's content is primarily geared toward United States real estate investors - but those that live outside the United States will benefit here too. You might want to buy a property in the US.   Here's a question that you might have - “How do I go about setting up an LLC - a Limited Liability Company - to hold my investment property in?”   I'll tell you - I don't think “How do I set up an LLC?” is the best question to ask.   The best question to ask is, “Should I set up an LLC?”    The three main reasons people set up an LLC are for either anonymity, tax purposes, or asset protection.   Now, if you know that you WANT to set up an LLC - I've done four episodes on that topic with Rich Dad Legal Advisor Garrett Sutton.   You can go to GetRichEducation.com, type “Garrett Sutton” in the search bar, and those four episode numbers will appear so that you can listen. He was just on the show with us 9 weeks ago on Episode 424.   But the reason that the question is, “Should I even SET up an LLC?” is because:   Setup of LLCs complicates your life. Maintaining a registered agent, Articles Of Incorporation, having separate accounts, tracking expenses with separate credit cards, paying annual fees for everything - depending on how many LLCs you have and how you structure your life - it can wear you out.   The second reason you should ask yourself, “Should I even set up an LLC?” is because you might not have many assets for a litigant to go after. Retirement accounts have certain protections already. Equity in a property could be low-hanging fruit for a plaintiff attorney if someone gets a judgment against you. But since the Return From Equity is always zero, what would you have much equity in a property anyway?   The third reason you should ask yourself, “Why should I even set up an LLC?” is that frivolous or slip-and-fall type of lawsuits are rare. Not only have I never been a party to one, I've never even heard of any investor friend or associate having one - and I talk to a lot of people. You probably haven't heard of one either.   Now, note that I'm not saying you can't get an LLC or shouldn't get one. I'm saying, prioritize those questions to yourself.   First, it's “Should I get one?”. If that's a definitive “yes”, only THEN ask: “How do I set one up?”   Why do you think you have to? Did some attorney use fear tactics to get you to?   If the result of the LLC's administrative overburden provides a greater reward in the form of asset protection, anonymity, or tax benefit - which is typically a flow-through taxation type anyway, you might then … get an LLC.   So, as a beginning real estate investor, understand that real estate is a credit-based asset - meaning it's usually bought with a loan.   So let's talk about getting your finances in order before you contact a lender or select an income property.   That begins with you having enough cash liquidated for a 20% down payment on the property - add about 4% for closing costs, depending on the state that you're buying your property in - and on the lowest-priced property that's still in a decent area of a low-cost city - which might be a $100,000 property …   24% of that then is about $24,000 that you'll need. You should have some extra on top of that as reserves.    Now, let's look at another part of your finances - your DTI - your debt-to-income ratio. It cannot exceed 43% to 45% - maybe up to 50% in some circumstances.    So if your monthly minimum debt payments - everywhere in your life - housing payment, minimum credit card payments, minimum car payment - if that sum is $5,000 and your gross monthly income is $10,000 - that's a 50% DTI. You can't exceed that.   Of course, before a bank is willing to loan you money, they want to have a reasonable assurance that you aren't weighed down with debt elsewhere because their fear factor goes up that they won't get paid back.   Next, let's talk about your credit score. We dedicated an entire episode to this back in Episode 54. If you can remember back that far, Philip Tirone was here with us and you learned more about credit scores that you probably ever thought you would …   … and he even went on to call the credit scoring system a total scam. He was quite opinionated - it was interesting and eye-opening, but ...   Playing within the scam here - as it might be.    There are many different credit scoring models, but the FICO Score - F-I-C-O - is a respected one that you're probably going to see your mortgage lender use.   It stands for Fair Isaac Company.   Their credit scoring range is 300 - the worst, up to 850. 850 is essentially a perfect score.   Importantly, 740 is the highest score that helps you here.    If you have a 782 or an 836, it doesn't help you qualify for the loan or get you a lower mortgage interest rate or anything else.    740 is where you're optimized.   Now, just a quick overview of FICO credit scoring ...   There are five primary ingredients that make up your credit score. In order of importance, they are your payment history, amounts owed, length of your credit history, new credit, and finally credit mix.  That first one, Payment History, is the most heavily weighted one. It's 35% of your score. As you might expect, the repayment of past debt is a major factor in the calculation of credit scores. It helps determine your future long-term payment behavior. Both revolving credit (i.e. credit cards) and installment loans (i.e. mortgage) are included in payment history calculations.  Although installment loans like mortgages take a bit more precedence over revolving credit - like credit cards.  This is why one of the best ways to improve or maintain a good score is to make consistent, on-time payments. The next way, your Amounts Owed – 30% This category is basically credit utilization or the percentage of available credit being used - or borrowed against. Credit score formulas “see” borrowers who constantly reach or exceed their credit limit as a potential risk. That is why it's a good idea to keep low credit card balances and not overextend your credit utilization ratio. So if you've got just a $1,000 balance on a credit card with a $10,000 credit limit, that's seen as a good ratio. You're staying well within your limits then.  The third FICO credit score ingredient is the Length of your Credit History – 15% This factor is based on the length of time all credit accounts have been open. It also includes the timeframe since an account's most recent transaction.  Newer credit users could have a more difficult time achieving a high score than those who have a long credit history. That's because if you have a longer credit history, FICO has more data on which to base their payment history. The fourth of five FICO ingredients is your “Credit Mix” – Now we're down to an ingredient only comprising 10% of your score. Credit mix just means that it helps your score if you have a combination of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans.  Finally, “New Credit” makes up the last 10% of your FICO score. Don't open too many new credit accounts in a short period of time. That signifies a greater risk to lenders – and that's especially true for you if you're a borrower with a short credit history.  And you sure don't want to open up any new lines of credit, down the road when you're in the qualification process for buying a new property unless you check with your Mortgage Loan officer first. Now, those five factors have been weighted the same for quite a few years.  Knowing what factors make up your FICO® Credit Score can help you qualify for more loans and get better mortgage interest rates. That's the bottom line. This helps you get pre-qualifed or pre-approved with your Mortgage Lender. To get prequalified, you just need to provide some financial information to your mortgage lender, such as your income and the amount of savings and investments you have. Your lender will review this information and tell you how much they can lend you.    After pre-qualification, you can seek the higher-level status and that is getting pre-APPROVAL for credit. Pre-approval is better than pre-qualification.   If you think about it, it makes sense. Qualifying for anything in life is not as good as getting approved for something - I suppose.   Pre-approval involves providing your more detailed financial documents - like W-2 statements, paycheck stubs, bank account statements, and your previous two years tax returns. This way, your lender can VERIFY your financial status and credit.   Now that you're pre-approved with a lender, you can focus on the market and property that you're interested in.   RidgeLendingGroup.com is the mortgage lender that we recommend most often because they SPECIALIZE in income property. They don't have any seasoning requirements.   Seasoning means that the person selling YOU the property needs to have held onto it for a certain length of time - or the lender won't finance the property for you.   While you're in the pre-approval process, you can be learning about a cash-flowing investment market.    You want to pick a geographic metro market that typically has low-cost properties, and high rent incomes in proportion to those low costs.    In fact, the market is more important than the property. Because your income comes from your tenant, and your tenant's income comes from a job.   So you typically don't want to own much property in a town with 12,000 people that's in an outlying area - not part of a greater metro - where 1/3rd of the employment is tied to one tungsten factory or even one semiconductor manufacturer.   Because now, too much of your income stream is tied to just one industry.   If the tungsten industry goes down, so goes your tenant base.   You also don't want to buy slummy property. Those tenants often don't pay the rent. You also don't want to buy much above an area's median-priced home, because the numbers don't work out.   So you want that working class housing that's just below the median price point for the area.   If you're not already confident about that and familiar with the right provider ...    We have information on the right market, with the right provider, with properties - and they're typically in the MidWest and South - at GREmarketplace.com   So read a market report there. That's good, pointed information.   Most investors are interested in a property for the production of cash flow. That's the margin by which your monthly rent income exceeds all monthly expenses.   Rent income minus expenses should be a positive number.   So that's your monthly rent minus VIMTUM. V-I-M-T-U-M.    Vacancy, Insurance, Maintenance, Taxes, Utilities, and Management.   I like easy ways to remember things and VIMTUM is an easy way to remember.   So, you're listening to the Beginner's Real Estate Investing Audio Guide here as a regular episode of the GRE Podcast.   If you're not a beginner & you're still listening, it's either a good review and you might even be learning some new things along the way yourself.    Including, should you ever lowball a turnkey provider and a negotiation approach that I have for that - in a few minutes.    But first, one reasonable beginner question is ...     “Now why would someone would want to sell me a cash-flowing property in the first place?    Why would someone - like a turnkey provider - why would they sell me a good thing that pays them every month that they could continue to hold onto for cash flow?   If a property pays someone every month while they hold onto it - why in the heck would they sell it to me?   OK, some seller out there has a golden goose that lays a golden egg every month, so why in the world would they give me an opportunity to buy the goose?   Well, there are just so many reasons for selling cash-flowing property - yes, a ton of reasons for selling even a young, healthy goose that lays golden eggs every month & is expected to so for years.   Well, a turnkey provider runs out of money too. They can't buy all the properties themselves.    They'd prefer a lump sum payout when they sell this property, because their business model is to go pay all cash for another distressed property that they can fix up.   And if you think that they snatched up the good ones themselves a while ago - yeah, they probably did do some of that.   In fact - I WANT them to have snatched up some good properties from their own market earlier. It shows me that they believe in what they sell. If they didn't buy what they were selling themselves, I'd actually be MORE concerned.   Now, other reasons that the - I guess general public seller might want to sell you a property is ...   One reason is moving. Say that a family in City A owns a few mom-and-pop rental homes that they self-manage and they're moving to City B in another state, they'll often sell their income properties.   Some people want to self-manage their property (often because they never explored their best-and-highest use, but anyway) & if they have to move to City B, they'll sell the property rather than try to find a Property Manager in City A.    Another reason people sell cash-flowing property is that - even if someone is not moving, that person might be tired of the self-management hassle - but yet they don't try professional management - because that person has the DIYer mentality - that soooo common do-it-yourself mindset.   OK, most people just don't take a strategic approach to real estate investing like you are by listening to this.   Other reasons for people selling cash-flowing property are death, marriage, divorce, and all kinds of either joyous or tragic life milestones.   If a husband-and-wife own rental properties but running & managing them was kind of the husband's thing & the husband dies … the wife doesn't know how to run the properties & she's likely to sell rather than hire a Property Manager.   People may sell their cash-flowing property in case of all kinds of emergencies - medical and otherwise - because they may need a quick lump of cash - instead of the steady stream of cash flow over time that just won't work for them in their new situation.   OK, most of those situations involve some sort of external life change for property sellers - a lot of them tragic.   Well - here's a personal one for you...    A few years ago, I sold two cash-flowing apartment buildings at the same time - well, those sales actually closed on consecutive days - so nearly the same time.   Both of those cash-flowing apartment buildings that I sold were 100% occupied with tenants, I had competent management in place, and there were no deferred maintenance issues with the buildings.   You want to know my reason for selling two nice golden apartment gooses that were seasoned and steadily laying some nice golden eggs?   OK...can you guess why?   Alright, fortunately I didn't have any distress or emergency in my life.   ...oh, and also, I wanted to sell them fast too, I couldn't let these two cash-flowing apartment buildings linger on the market for a while. I really wanted to get rid of them.   I had no distress like those situations I mentioned earlier.   So can you guess why I wanted to sell these long-producing golden gooses in a good job growth market that produced nice cash flow, nice golden eggs?   I'll tell you why.   That's because I knew I could 1031 Exchange those two gooses for two even larger gooses. Now I won't get into the 1031 here on a beginner episode.    But I replaced the two smaller apartment buildings with two larger apartment buildings that would produce even larger eggs if I did it with a quick timeline - and I could defer any tax on my profitable gain.    I found - I guess - two very fertile egg producers that were going to produce even more cash flow over time.   So...I think you get the message here. To the buyers of my smaller apartment buildings, I appeared as a very motivated seller of cash-flowing property, even though I had no external stress in my life.    It was due to internal reasons that I wanted to sell...and it's the internal drive to expand my income.    No shrinking thinking here at Get Rich Education. We are growing our means.   Now, when you've found a cash-flowing property that you want to buy, should you make a lowball offer to a turnkey provider? My definition of lowball here, is, a 10% discount.    We'll say, that a provider is offering a property for $120,000 - then you'd make the offer for 10% less, which is $108,000. That's a lowball.   My answer is ...    No. That's not going to work. In almost every instance, that's too much of a discount and it's going to eat their margin too much.    Depending on how it's presented, a seller might even be less motivated to work with you if they get a lowball offer.    This company has a business to run and with a turnkey property, you're typically paying for the convenience. You leveraged their systems of them delivering this product to you that's already renovated, rehabilitated, tenanted, and under management.    Now, can you can knock off $1K-$2K? And say, offer the seller then - $118K or $119K for the $120,000 property. Yeah, that might work.    It sure wouldn't be deemed some unreasonable request. But it's good to at least provide a reason - some rationale - in asking for the discount.   Let me give you some perspective on this negotiation too.    For every $1,000 less in a mortgage loan that you take out, how much do you think that saves you in a monthly payment? Did you ever figure out how much that saves you?   Well, at a 5% interest rate on a 30-year loan, reducing your mortgage loan amount by $1,000 saves you … $5. Five bucks in a reduced payment.   For more perspective, keep in mind too, that once the seller accepts your offer - it's only the first part of the negotiation.   Later, it's a negotiation with the inspection. We'll discuss how to navigate THAT shortly.   I'm Keith Weinhold. You're listening to the Audio Beginner's Guide to Real Estate Investing, here on Get Rich Education. ________________ ***AD RESOURCES***    ________________ Welcome back to GRE Podcast 433. This is your Audio Beginner's Guide to Real Estate Investing. I'm your host, Keith Weinhold and we're talking about buying an income-producing property, especially…   …a TURNKEY property - which just means that it's already renovated, tenanted, and under management with a tenant on the day that you buy it.    Now, once your offer is accepted by the seller, I want to give you - really just a brief outline of what to expect next.    This isn't intended to give you every step in exhaustive detail, but this is generally what comes next for United States real estate purchases, and custom varies somewhat from state-to-state.   So with that in mind, once the turnkey provider or seller accepts your purchase offer...   You need to send in your earnest money. Earnest money is not the down payment. It's a smaller amount that shows good faith that you're serious about your offer.    It's often an amount of $5,000 or less and it shows the seller that you're serious enough about buying the property that the seller has the confidence to take their property OFF the market and not show it to anyone else.   The seller should give you instructions on how to place your Earnest Money.    Now remember, your earnest money deposit is not going directly TO the seller, it is going to a third-party escrow account, and it is refundable to you in accordance with the terms of the contract that you signed.   Your contract should have an estimated closing date in there. I want to emphasize that the key word there is “estimated”.    While it is important that all parties work towards closing by this date, between you and me - let's just be realistic - the reality is that many transactions get delayed beyond the closing date in the contract for a variety of reasons on the seller side, sometimes having to do with construction or renovation delays.    If this happens, it is nothing to be worried about, just remain in touch with the seller and you can simply sign a contract extension if needed when the time comes.   As you are financing your property, be sure to keep getting your lender anything that they ask you for up so that they can keep processing your loan.    As your closing gets near, they will probably ask you for some updated information and have some final stipulations from the underwriter, so just remain in close touch with your lender and try to provide them what they need as swiftly as you can.   During most of this time where you're under contract & even before you're in-contract to buy the property, most of your relationship with your lender and seller is just sitting around, waiting for the next stage.    Some days, frankly you're thinking, “When will they reply to my e-mail?” OK, sometimes, RE moves slower than glaciers.   Once construction/renovation is completed on your property, I suggest that you order a professional third-party home inspection before closing.    As the buyer, this is at your expense, but the home inspection is cheap insurance for you and it is an important part of your due diligence. It might cost you about $300-$500 for a single-family turnkey income property.   A four-plex inspection might cost up toward $800 or $1,000.   When seeking an inspector - seek ASHI certification - that is American Society of Home Inspectors.   You're looking for an inspector with a good reputation, licensed and bonded. It is good to look for a level of experience as well. The choice is really yours as the Buyer.   Your inspector points out deficiencies in what I'll break into a few categories.    #1 is Major concerns – these are significantly defective, safety issues that require immediate repair. Often times, those things absolutely MUST be done in order for your lender to even finance the property so the seller is going to do those things for you. That might be something like adding a railing to a porch.   The second category are recommended repairs – So they're recommended but not required. That might be adding some extra insulation in the attic.    The third category is “well, it would be NICE if it were done” - like a kitchen cabinet door that's a little loose and doesn't close snugly.   When you get your home inspection report back because the inspector has compiled their findings, the key to remember is that the inspector will ALWAYS return a (usually long) list of items that they recommend be corrected prior to closing.    Now, this even happens on new construction, so expect some findings.   I swear, even on a perfect, unblemished home it seems like the inspector would say that the bushes have to be trimmed or something. Ha!   And remember, you are not closing on the property in the condition it was inspected. Rather, the inspection is just part of the process on the path to getting the property up to its final condition.    Then you and the seller agree on what will be fixed (at the SELLER'S expense (not your expense), and verified to your satisfaction), prior to closing.    The seller is anticipating that they will need to make some final repairs (at their own expense) after they get the inspection repair request from you - that your inspector just compiled for you. This is all part of the normal process.   Of course, you can get in a car or hop on a plane and visit the turnkey property yourself and walk the property with your inspector, but I'd say fewer than 10% of turnkey buyers do this. I have never done this on an out-of-state property.   But going to see the property in person is never a BAD idea.   Today, it's easier than ever for an inspector or provider to e-mail you a property video. The report that you get from your Home Inspector after he visited the home will have lots of photos and details.   Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing.  This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals significant material damage. You are protected. Once the seller makes any needed repairs that the third-party inspector found, I suggest having a re-inspection done by that same inspector. This gives you the chance to confirm that any agreed-upon repairs have indeed been made. You might spend another $100+ on this re-inspection. Now, if the original inspection showed that a leaky faucet needed to be replaced, and the seller said they'd do it, and the re-inspection finds that that work wasn't done as promised, then any FURTHER re-inspection costs are often a cost borne by the seller. Which seems pretty fair - they said they'd do work - and the re-inspection that you paid for confirmed that it hadn't been done in this case. Now, back to the negotiation. If you asked for a reduced Purchase Price, that could lean away from you asking for too much in the inspection.   How do I like to play it? Often times, I make a full price offer for the property - and I might even let the seller know at that time that I'd like to give you your price - it's a full $120,000 in this case - and since you got your price, I'd like my terms.   My terms are - that I'm more bold in what I request the seller to do from the inspection findings.  Maybe I will ask them to add that extra insulation in the attic as one of those “Recommended buy not Required For Financing” items - or replace a window pane that had condensation inside it.   Then, what's my justification for asking the seller for that. It's that I'm paying your full price. Again, financing an extra $1,000 only costs me $5 per month.   Now, let's talk about the property appraisal.    The appraisal is a tool that the bank uses to verify the quality of their collateral.    Because in your loan paperwork, at closing, the bank will basically tell you that if you don't make your monthly payments, you'll be foreclosed upon and the bank will take back the property - that's their collateral.   So they want to make sure that the property seems to be worth as much or more than you're in contract for - this $120,000 in our example.   Your lender is the one that orders the property appraisal, not you. In about 90% of U.S. states, you as the buyer pay for the appraisal. It costs about $500.    The appraiser is a member of a third-party company and is not directly associated with the lender. It wasn't always that way.    In fact, one factor that led to the housing downturn of 2007 in the Great Recession is that some lenders & appraisers were “in cahoots”. Haha! That can't happen anymore.    BTW, the appraisal and some of these other steps are all part of your closing costs. All part of that … about 4% of the property purchase price.   The appraisal is typically done by a certified appraiser physically visiting the home - and these people always seemingly have a tape measure with them.   The appraiser checks out the premises and their job is to use market comparables to make sure that the lender has adequate collateral in case you, the borrower, default.   OK, the bank doesn't want to lend out more than the property is worth or else they could find themselves underwater if the borrower defaults. The appraisal protects against this.   And don't confuse this appraisal with an assessment. An assessment is something that a county or municipality uses the measure the amount of property taxes that are paid. It's really unrelated to this appraisal.   One interesting thing that's related to the appraisal and the bank giving you the loan for 80% of the property is that the lender NEVER requires that you see the property in person.   Think about what that means. The bank never requires you to see the property in-person, yet they're willing to loan you up to 80% of the value.   Even the bank knows that it's not important for you to personally see the property - something that they're willing to put their money behind.   Now, when it comes to finding properties and markets and teams, our listeners & followers encouraged us to set up a marketplace for them for finding the properties.   We've done that for you at GREmarketplace.com. And knowing that Property Management is the glue that makes your property stick together, we - and it's Aundrea here at GRE that does it - where you find your properties at GRE Marketplace, Aundrea also interviews the property manage in each market for you so that you can get a good feel and vibe about them.   Most any provider is happy to do a PM Zoom chat or phone call with you too.   Now, just because a property is branded “turnkey” by a company, doesn't mean that you can dismiss doing your due diligence. Turnkey can be a great system, but there's nothing magical about that word alone.   Don't overlook developing a good feeling about your Property Manager, because this is the one long-term relationship that you expect to have. I just can't emphasize that enough. Your Manager is one of your key team members.   They'll tell you the character of the current tenant that's currently in the home. Find out how the manager is going to pay you. Feel them out, know what your communication flow is going to be like.    If they're part of the same turnkey company, a good manager should also connect you with whoever renovated your turnkey property in case you have some questions for them.   Now, notice that I haven't mentioned a real estate agent. Most turnkey providers work in a direct model so that you don't have to go through agents. That's one way that GRE Marketplace providers keep the price down for you.   You must sign a written Management Agreement with your Property Manager.    What the MA does is that it gives the manager the authority to manage your property for you, manage tenant relations for you, the MA will state their fees, and you'll have your contact information in that agreement.   There are typically two fees - a leasing fee and a management fee.   A leasing fee is where you'll spend ½ month's rent to one month's rent amount when the Manager screens a new tenant. So hopefully that only happens every 1 or 2 or even 5 years if you're lucky.    Yes, you can typically approve or reject their selected prospective tenant. You are going to be the owner of the property afterall.   A management fee is often 8-10% of one month's rent income - and that's what you pay monthly - ongoing.   You can sign a Management Agreement with the property provider if they have management integrated in-house. If not, you can lean on your provider for some management recommendations.   Now, there's one blank to fill in on your Management Agreement - it's a dollar amount up to which the manager can pay for expenses that come up - against your account - without contacting you.    For example, if the number $500 is written in there, that means that if a maintenance or repair expense on your property exceeds $500, they must contact you prior to incurring that expense.   You get to choose that dollar limit. As a beginning real estate investor, go with a lower figure.    Then as you get comfortable or you don't want to be bothered about the property as much, you can increase that dollar limit in which they need to contract you about approving maintenance or repairs.   Basically, if there's something that has to do with the property & you don't want to deal with it, then make sure it's written in the Management Agreement that the manager will perform it.   Typically, it's going to say that the manager will collect rent, handle tenant relations, respond to repair requests, send you the rent, keep your ledger of income & expenses on the property, post legal notices if a tenant is paying the rent late, and sooo many other associated duties that I personally don't want to deal with.    Hey, I just want to live my life & keep this investment nearly passive.   Get that Management Agreement done - fully executed - signed by both you & the Manager BEFORE you close on the property.    Before you close, you can buy property insurance from any provider you choose.    Your turnkey provider is often happy to recommend some providers that their other clients have used in this market, or you can just Google and find your own.    Be sure to let the insurance provider know that this is a rental property (not a primary residence where you live and not a second home).    Most turnkey buyers purchase both hazard and liability insurance as part of their policy. Like any other insurance policy, you will have choices about deductibles & monthly payments, and coverage amounts.    If you are financing your property, your lender will most likely be able to combine your property taxes and insurance into your monthly payment, so you have one monthly payment for principal, interest, taxes and insurance (PITI) … much like you would on your primary residence.   The financing process typically takes about 30 days from the time you submit your EM.    Remember that YOU are a factor in how fast your property closes. If that lender needs another document, give it to them pretty promptly.   When you've finalized your due diligence, and verified that the seller has made all the agreed upon repairs from the home inspection report, you will be ready to close.    You likely live in a different state than the property and will close remotely. The title company (or its a closing attorney in some states) will prepare your closing documents - including your loan docs...    ...and can arrange for a mobile notary to meet you with the docs wherever you choose (your home, your office, your local coffee shop, etc.) so you can sign the docs in front of a notary who will then overnight the docs back to the Title Company so the transaction can fund.   Yep, you can do the ink-and-paper thing with a mobile notary at your local Starbucks.   Your lender will arrange for a title company to handle all of the paperwork and make sure that the seller is the rightful owner of the house that you are buying. That's part of what they do for you.   It may seem like the closing process is a lot of work, but you'll really spend most of the time waiting. Most of the time, you'll just be sitting on your hands, waiting for someone else involved in the transaction to come through.    So find something enjoyable to occupy your time and distract you while you wait, and feel secure in the knowledge that you've done your research and know how to make your closing process go smoothly.   When you complete that closing with the mobile notary - I've done these closings at my home's dining room table, or even in my employer's conference room back when I used to have a day job - then, hey!    You need to congratulate yourself on adding another income property to your portfolio.   You know, the good news is that of all of these stages we've discussed - the longest stage of them all is your ownership of the property. You Own & Collect the cash flow.   And hey, this isn't reason enough alone - but it's kinda cool that you own property in TN and FL and IN.  You own part of each one of those states. You're like a property collector!   And with each new turnkey property you buy, you might have just increased your mostly passive cash flow by $211 per month or $118 per month or whatever it is.   If you can swing it, it can be more efficient timewise for you to buy more than one property at a time.   As you buy more income properties, it not only gets easier because you know the process, but you often get quantity discounts.   For example, a management company might charge you a 9% management fee on your first three properties, but once you own four or more, they might charge you 8% on all four rather than 9%.   Insurance companies often have similar discounts for you….so you may very well get a little more profitable as you buy more property.   I've been actively investing in real estate since 2002 and just within the steps of ACQUIRING a property, like I carefully discussed today, some incremental half-step will come up in the process that I haven't mentioned here - like signing a Lead Paint Disclosure Form.   So, you don't need to commit all of this stuff to memory.   Now, something that novice real estate investors say sometimes is something like: “I would only buy an income property that I would live in myself.”    I contend that that is an awful criterion upon which to found strategic fundamentals on purchasing an income property.   Once one filters property that way, they have let their emotions trump facts.    If the fact that a clean, safe, affordable, and functional property has a good occupancy rate in a sound employment market, decent ENOUGH neighborhood, and the numbers make sense - that's more important.   OK, you aren't living there yourself so it's not a sound criterion.   Shoot, if I moved into any income property that I own, my lifestyle would take a substantial hit. Yet I'm not a slumlord - I provide housing that's clean, safe, affordable and functional.   But they're not replete with fantastic amenities, it does not have Corinthian architecture with alabaster columns - OK - but I know there's a demographic for my rental property type that demands this responsible-but-no-frills housing over time.   It's about asking yourself a better question, like, “Will this property secure an income stream?”    Alright, would you rather have your property look “cute as a button” - or secure an income stream? I went deep on that topic just three weeks ago here on the show.   OK, we're investors here.   Some think that in today's electronic age, you should be able to complete a property purchase from the time you write an offer until you close on a property in the same-day.    Well, that's certainly not true. As you witnessed, physical things need to take place because you're buying a real, physical asset.   We've been talking today about how you buy an income property - just simply that - especially as it pertains to buying an out-of-state turnkey income property - from the time that you get a property under contract and submit the earnest money to escrow all the way to closing.   ...because that's how to generate passive income, which in turn, creates a rich life for you.   Again, this isn't an all-encompassing guide today with EVERY little detail. But we've hit the major milestones in the process & more.   You've got a good general guide on the income property-buying structure.    You might have learned something about prioritization - perhaps LLCs matter less than you thought and a communicative Property Manager matters more than you thought.   Today's show has the type of content that will be about as relevant 5 years from now as it does today.    Now, today is also evidence that real estate does not have the liquidity that some other investments do. It takes longer to get in & get out.   However, that low liquidity actually contributes to relative price stability in real estate. OK, there's no panic selling in real estate.   Maybe the most important thing for you to keep in mind is that...   You cannot make any money from the property that you don't own.   Your future depends on what you do today.   To “know” something and not “do” something is to really not know something.   The most important thing you can do is act...because you cannot make any money from the property that you don't own.   But if you're new to real estate investing & know that you need to “Start small but think big”, otherwise, all this knowledge really won't move the meter in helping you live an amazing life like RE can, in the past 1-2 years, we hired an in-house coach, who is completely free for you to use.   If you're still a little unsure or want some guidance, lean on our trusted source, Naresh at GREmarketplace.com/Coach   He is an expert at helping you along - totally free to you - again at GetRichEducation.com/Coach   It's almost hard to express how much value this gives you & makes it easy. I wish something like this existed when I started out.   There would be nothing worse than for me to share today's knowledge with you - then not let you know where to go to act upon that knowledge.     So if you're ready to get started - connect directly with market & properties at our Marketplace - at GREmarketplace.com   For a little more help, personal and one-on-one with our experienced in-house coach, start at GREmarketplace.com/Coach    Both resources are free   It's been my pleasure to bring you your Beginner's Real Estate Investing Audio Guide today.   Next week, I we'll discuss one particular geographic market that we never have before - and you probably never thought we would.   For properties, start at GREmarketplace.com For coaching, GREmarketplace.com/Coach   Until next week, I'm your host, Keith Weinhold. Don't Quit Your Daydream! 

If you have been told you do not qualify for a mortgage due to your income or employment history, a no income verification mortgage loan is the solution.  These are available for primary residence and 2nd homes, and can be done on a purchase or refinance.  This loan option is for well qualified borrowers with […]

Have you heard about the new no money down mortgage loan by the Bank of America? Some people are excited about it, but others think there's more than meets the eye. In this podcast, I'll reveal the truth about this new loan and if it's really as good as it sounds!Set up your business checking account with NorthOne here:https://apply.northone.com/noelleGet my book for FREE here:https://www.NoellesFreeBook.com/Join our giveaway to win prizes worth MORE THAN $100,000:https://WinWithNoelle.com/WANT COACHING? Text COACH at: +1 878-295-4316Start your own successful YouTube channel now:https://www.betheherostudios.com/WEBSITE:http://www.noellerandall.comListen And Enjoy!Noelle RandallSupport the show

Alejandro Szita (pronounce “SEE-tah”) is a California & Florida mortgage broker for business owners and self-employed professionals. A real estate and mortgage professional since 2005, he explored the world of real estate from all angles—commercial, residential and capital raising—before realizing that real estate finance was his true passion. His clients range from top artists and entrepreneurs to freelancers and owners of mom-and-pop retail stores. When it comes to getting a real estate loan, you would think that successful entrepreneurs and business owners would have no problem, but Alejandro has found that it is often just the opposite. He shares the challenges these borrowers face, and how they can be overcome. He also shares tips for real estate agents to better prepare their buyers for the loan application process. Alejandro is a regular guest on real estate and finance podcasts, and he enjoys giving practical advice as well as telling stories about the crazy things you can encounter in this field. *DISCLAIMER - We are not giving any financial advice. Please DYOR* (00:00 - 02:51) Opening Segment - Alejandro is introduced as the guest Host - Alejandro shares something interesting about himself (02:51 - 32:31) Exposing mortgage loan secrets to benefit the self-employed - Alejandro share about what kind of assets he invests in and why - He talks about if being a broker and a partner in a deal is a conflict of interest - He also shares about What are some challenges that self-employed borrowers run into in real estate financing - Alejandro what he recommends before buying a house - Alejandro shares what things that can business owner to secure the mortgage they need despite all the challenges - He also share when would you need a mortgage owner - Also he shares what can real estate can do if they are running into problems from the self-employed buyer - Alejandro talks also is good to buy a property right now. - He also shares how people can protect themselves financially and future economic instability - What Alejandro sees in a mortgage rate (32:31 - 42:58) Fire Round - Alejandro share his investment strategy - Alejandro also shares his favorite Finance, real estate book, or any related book - Alejandro share about the website and tools that she can recommend - Alejandro's advice to beginner investors -Also he shares how she gives back (42:58 - 44:15) Closing Segment -If you want to learn more about the discussion, you can watch the podcast on Wealth Matter's YouTube channel and you can reach out to Alpesh using this link. Check us out at: Facebook: @wealthmatrs IG: @wealthmatrs.ig Tiktok: @wealthmatrs

Join Danille as she talks with Matt Mroczek from Cross Country Mortgage as they discuss alternative and unique mortgage loan products. This is a summary encore presentation from an earlier live stream. Jump in to catch this informative conversation.   For more information, contact Matt directly at his email: MattM@CCM.com   Want to ask Ken a question? Join his Inner Circle: https://kensinnercircle.com  Visit Ken's Bookstore: https://kenmcelroy.com/books  •  ABOUT KEN: Ken is the author of the bestselling books The ABC's of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC's of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you're a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.   Ken's company: https://mccompanies.com  •    DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.' Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.    © 2022 KenMcElroy.com, LLC. All Rights Reserved.   #kenmcelroy #realestate #realestateinvesting

Jessica Nolan and Erin Harrel Talk to KT about the work they and their community have been doing since the hurricane hit Fort Myers, Florida. In the episode, they talk about how you can help with the rebuild, and links to support are below.Hurricane Ian Relief Fund: Venmo @OFDTFoundation Website: https://www.oldfloridadreamteam.com/Social MediaFacebook: @OldFloridaDreamTeam Instagram: @OldFloridaDreamTeam Twitter: @OldFLDreamTeamYoutube: Old Florida Dream Teamhttps://www.youtube.com/channel/UCSErWvpyHqkrv2IPAUNde3QJessica Weathers Nolan 239-462-6885jessica.nolan@oldfloridadreamteam.com Jessica Weathers Nolan is a Fort Myers/Alva native. She and her husband, John, have twochildren: Maggie, who is a Freshman at UF and Jack, who is a Junior at Bishop Verot HighSchool. Jessica has been in the Real Estate industry since 1996. She started off working forRE/MAX Realty North in Tallahassee for just over 2 years. Then in the Mortgage Loan industry for 6 years before becoming a stay-at-home mom. She returned to the Real Estate market in 2004 whileworking for her father Boots Weathers, who was in the Real Estate Industry for 35+ years. Jessica isa founding Team Leader at Old Florida Dream Team at Keller Williams Fort Myers and the Islands.Jessica is able to assist in all your real estate needs. Jessica prides herself on honesty, loyal andhardworking ethics. Along with her business partner, Erin Harrel, she feels strongly in giving back tothe community she was born in raised in by Serving and Strengthening Our Community...Looking For Unparalleled, Old-Fashioned Service?Let Jessica Nolan Give You The Service You Deserve.Erin Harrel 239-470-1395erin.harrel@oldfloridadreamteam.com Dr. Erin Harrel has held many positions but her most noted and respected position is that of serving as a mother to three successful young adults.  Erin  started her career in education teaching both middle and high school. After several years of teaching, she moved into higher education where she has led a successful career for thepast twelve years.  After leaving the college,  she started JRM Transforming Education working withorganizations, schools and higher education institutions on strategic planning,organizational development  and accreditation. Expanding her careers goals, she decided to follow in her mother's footsteps andventure into Real Estate. Capitalizing on her research background and strong network of friends andfamily, Erin joined the Keller Williams  in December of 2015. She specializes in residential,luxury and commercial properties.Erin believes that selling real estate is more than just focusing on the sale but provides the perfectplatform to give back to our community. As a foster parent for at risk kids in Lee, Collier andCharlotte, she gives a portion of her commission from every sale back to at risk kids. In 2021, she co-founded the Old Florida Dream Team Foundation that supports homeless and foster middle and high school students.  She believes it is our duty to always pay it forward by Serving and Strengthening our community! 

Have you heard the good news? A mortgage loan just for Black borrowers will soon be available in 6 U.S. Metropolitan cities including Atlanta, GA! Legacy Home Loans will be launching the “Special Purpose Credit Program” (SPCP) also known as CLOSING the GAP.This program uses credit guidelines based on factors such as timely rent, utility bill, phone, and auto insurance payments. It requires a 1% down payment, with FREE appraisal, FREE home warranty program, FREE pre-purchase homebuying counselling, FREE post-closing homebuying counselling, financial assistance with closing cost! Tune in as the ladies of Real Talk Atlanta discuss the requirements and benefits of utilizing this program. You don't want to miss this!F O L L O W    O U R    S O C I A L S !◦ SUBMIT QUESTIONS : realtalkatlpod@gmail.com◦ Our Instagram: https://www.instagram.com/realtalkatl...◦ Ashley: https://www.instagram.com/ashley__larae/◦ River: https://www.instagram.com/rivertherea...◦ Tiesha: https://www.instagram.com/thereal_tie...◦ Neika: https://www.instagram.com/neikaw.real...

Have you ever heard of a reverse mortgage? Are they a good idea? How can you use them to increase your income in retirement?   Today we've brought on the go-to reverse mortgage broker, Mark Hammond, to teach us the do's and don'ts with a reverse mortgage. Mark is the owner of Legend Financial Services and has been a mortgage broker in Utah for nearly 30 years, specializing in reverse mortgages. In this episode, he even teaches you how you can use your home equity to invest for passive income and NOT pay it back!   Listen now!

Want to receive this listing in your inbox? Signup for our weekly newsletter:https://landing-newsletter.acquanon.com/-----Michael Girdley (@Girdley) Bill D'Alessandro (@BillDA) and Mills Snell (@thegeneralmills) talk about a top-rated lead generation portfolio of sites for the mortgage loan industry in Missouri, Columbia.We'll see if this is a good or a bad deal. Together we will dissect the website and see if this is safe and worth trying.-----Thanks to our sponsor!Live Oak Bank - Whether you're looking to build, buy or expand your business, let the team at Live Oak Bank be your financial guide. With Live Oak, you get a partner who believes in your success and is willing to take the journey alongside you. We provide small business loans tailored to your goals.Fuel the growth of small businesses across the country; bank with Live Oak Bank.You can contact Heather Endresen, Director & Founder at heather.endresen@liveoak.bank. Mention this podcast in the subject line and ask her about office hours to get in touch.*Live Oak Bank is the #1 SBA 7(A) Lender. The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2021.-----Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Show Notes:(0:00) - Introduction(0:35) - Our Sponsor is Liveoakbank.com(1:55) - Deal & financials: A Mortgage loan lead generator site (2:25) - What's the story of this deal?(5:09) - How does this deal work and what's the value they're selling?(7:43) - Why is this deal unbelievable?(9:42) - How does this business generate leads?(10:41) - What stands out in this listing? Girdley's expert take.(13:18) - Why does this deal deserve a shot?(14:34) - What are this deal's competitive advantage and target market?(19:55) - Is there a reason to believe this is not defensible? (23:55) - What's interesting about website properties? (25:23) - What is debt collection?-----Additional episodes you might enjoy:#125 Should we buy a CBD shop?#124 How much would we pay for this Water Safety and Compliance Co?#122 ATMs are a sick business. Cash is King!  #105 How to Make Money in the E-Commerce Game - Bill D'Alessandro gives an e-Commerce masterclass - Part 1#75 SBA Loan Secrets with Heather Endresen, expertise from a Billion-Dollar Loaner

@legacyhomeloans just launched “Special Purpose Credit Program” (SPCP) for Black people who want to become homeowners. The new program is called CLOSING the GAP.The program requires a 1% down payment, with free appraisal, free home warranty program, free pre-purchase homebuying counselling, free post-closing homebuying counselling, financial assistance with closing cost.The CLOSING the GAP loan program uses credit guidelines based on factors such as timely rent, utility bill, phone, and auto insurance payments. The underwriting guidelines are based on the borrower's income with a minimum credit core of 620.LEGACY's SPCP loan program will be piloted in six (6) U.S. Metropolitan cities: Atlanta, Baltimore, Chicago, Detroit, Memphis, and Philadelphia//Link to Real Estate Expo in Chicago 9/17/22: https://www.universe.com/events/the-home-buying-expo-tour-chicago-edition-tickets-N0DCX1//Link to LISTEN to Rants & Gems Podcast: https://stream.redcircle.com/episodes/7e393882-b506-459c-b722-0aa32411616e/stream.mp3//Rants & Gems Official Instagram: https://www.instagram.com/rantsandgems_///MG The Mortgage Guy Instagram: https://www.instagram.com/mgthemortgageguy///Quiana Watson Instagram: https://www.instagram.com//quianawatson/Thanks for listening!!This episode is sponsored by Emporia Energyhttps://www.emporiaenergy.com/https://rants-and-gems.mn.co/Support this podcast at — https://redcircle.com/rants-and-gems/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Bank of America recently announced a new no money down mortgage program for first-time home buyers, called the Community Affordable Loan Solution™. Tune in to learn about this new program, and to hear my thoughts on no money down mortgage loans. Notes: In this episode, Luis speaks about the following and more: Bank of America's Community Affordable Loan Solution™ What private mortgage insurance is and how it can increase your mortgage payment What debt-to-income-ratio is and how it's used to determine if you qualify for the loan How you can qualify for a home you cannot afford Sources: https://newsroom.bankofamerica.com/content/newsroom/press-releases/2022/08/bank-of-america-introduces-community-affordable-loan-solution--t.html   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it's a movement! Luis' LinkedIn Luis' Twitter Luis' IG On My Way To Wealth YouTube channel

Veteran & Military Hope In VA Mortgage Loan Repo ( When Real Estate Crashes )

What are pros and cons of physician mortgage loans? What do you need to know before taking one out, especially during a crazy market and changing rates causing sticker shock? In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Doug Crouse, mortgage lender that specializes in physician loans and author of Hippocratic House: Do No Harm When Purchasing Your First Physician Home. Topics Discussed: Advantages: Low down payments, lack of PMI, and new job qualifications House Poor HENRY? Don’t go into major debt to keep up with the Joneses Hippocratic House: What to ask/expect as a first-time physician home buyer Disadvantages: Some lenders price their physician loans higher due to upsides Due Diligence: What to consider with lenders—service, rate, and closing costs Doug’s Predictions: Rates will continue to climb but not at same pace ARM: Makes sense if you don’t stay in the house and you make enough money Links: Historical 30-Year Mortgage Rates Doug Crouse - Physician Loans at BMO Harris Bank Hippocratic House: Do No Harm When Purchasing Your First Physician Home by Doug Crouse (Amazon) Hippocratic House: Do No Harm When Purchasing Your First Physician Home (Free Copy) The Big Short Movie Contact Finance for Physicians Finance for Physicians Full Episode Transcript: Daniel: What's up, everyone? Welcome to the Finance for Physicians podcast. I'm your host, Daniel Wrenne. Join me as we dig into what it looks like for physicians to begin using their finances as a tool to live better lives. You can learn more about our resources at financeforphysicians.co. Let's jump into today's episode. Hey, guys. I hope you are having a great day. I am excited to have a special guest joining me today, and that is Doug Crouse. He is a mortgage lender who specializes particularly in physician loans. When it comes to physician loans, Doug pretty much knows all there is to know. He actually even wrote a book about it called the Hippocratic House: Do No Harm When Purchasing Your First Physician Home. He offers that as a gift. I think you can buy it on Amazon, but he will offer it as a gift if you contact them. Anyway, Doug knows physician loans backwards and forwards. We're going to be talking about some of the pros and cons of the physician loan and some of the things you need to know before you go about taking one out. We'll also talk about some of the crazy market stuff going on with mortgages lately. If you haven't been paying attention, the rates are through the roof. We're going to talk a little bit about what's going on there and how that might change over time. Without further ado, let's jump into today's episode. Doug, what's up, man? Doug: Hey, Daniel. Thanks for having me on. Daniel: How you been doing? Doug: Doing good. Daniel: Are you surviving all this mortgage craziness? Doug: It has been a little chaotic with the Fed move. It's a little shocking when I talk to some people and they see rates are two points higher than they were three months ago. That's kind of a sticker shock to some. Daniel: I guess it's been two months, three months time has been up about 2% on average? Doug: Yeah. I think, probably end of January, 1st of February, I

There is no “one size fits all” mortgage. Everyone's financial situation is unique, so why would your mortgage be the same? When it comes to your mortgage, there's no correct choice. It all depends on your preferences and what inspires the greatest confidence. Mortgage rates often become the central feature of mortgages for many homebuyers. However, not all mortgages are created equal and it's important for homebuyers to understand their options and make adjustments before making a commitment. In this podcast episode of Exit Strategies Radio Show, Chase Mason is the Mortgage Loan expert at Lending Path Mortgage. He started in the Marine Corps and worked in Washington DC at the White House for over a decade. He owns rental properties in more than 5 states, traveled the world, and end up in real estate where he found his passion and commitment. Chase has got you covered whether for property management, new construction projects, purchasing mortgage notes, and buying and selling multiple property types from condos to commercial units. Discover mortgage solutions for investment properties, home buyers, homeowners, and more that fits your specific needs, thus taking you to the PATH to homeownership. Let's get started! What You'll Learn From This Episode: Know more about Chase's background, what's his passion, and how he decided to take the leap and go full-time, leave the dominant world, and go into real estate. Willingness to understand the market, make adjustments, and continue to grow in the right direction What should people be doing to make their homeownership journey as stress-free as possible? Educating consumers about real estate as a long-term investment, not just seeing it as a short-term gains Having trusted professionals take a look at your finances, discuss what you're trying to accomplish, and then give you strategic ideas and options based on your situation. Capitalize on the opportunity, be realistic, you've got to make an effort, & move forward to achieve homeownership goals The opportunity cost of you waiting versus pursuing homeownership and building equity! Connect with Corwyn @: Contact Number: 843-619-3005 Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Linkedin: https://www.linkedin.com/in/cmelette/ Email @: corwyn@corwynmelette.com Connect with Chase @ Phone: 843-929-1377 Website: http://masonhomeloans.com Digital Business Card: http://ovou.me/masonhomeloans Instagram: https://www.instagram.com/masonhomeloans/

Today I'm excited to talk with Doug about some of this craziness that's going on with the mortgage industry in mortgage rates in particular in the past few months, if you hadn't been paying attention rates have been skyrocketing. We're gonna talk a little bit about what's going on there and what you might expect in the future. We're also gonna get into primarily talking about the pros and cons of a physician loan. LINKS: www.WrenneFinancial.com

Real Estate Agents: Stop letting your deals die, stop giving up so easily! Deals go sideways for many reasons, and as such, there are many solutions to solving these issues. Use this guide to getting your transactions back to the closing table. Don't. Give. Up. Today's discussion? Financing Denied! What to do about this, whether it's your buyer or the buyer on your listing. If it hasn't happened to you yet, put this in your brain as 'what I need to know BEFORE I need to know it!' LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh COMPLETE Show Notes and Podcasts: https://bit.ly/3twGrDX LATEST REAL ESTATE NEWS: https://bit.ly/3Obuhs2 EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. We would love to be your sponsor at eXp Realty.  Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206.  Our EXP Realty site: https://bit.ly/3NJTPwB * Completing the EXP Realty application now? Name JULIE HARRIS from Georgetown Texas as your sponsor! Watch this video: https://bit.ly/3QjYJCo and here is the application: https://bit.ly/3MKPw35 FOLLOW TIM AND JULIE HARRIS: Nations #1 Daily Real Estate Training Podcast: https://apple.co/3xJgofx  YouTube: https://bit.ly/3NXGxNb Facebook: https://bit.ly/3twOBfM Instagram: https://bit.ly/3QjxdVF eXp Realty: https://bit.ly/3NJTPwB HARRIS Real Estate Coaching: https://bit.ly/3tvp0DI Our #1 international best-selling book: https://amzn.to/3tzHymr Free DISC Personality test for Realtors: https://bit.ly/3aUimkh MORE REAL ESTATE TRAINING VIDEOS YOU WILL LOVE: Peter Schiff Interview: https://bit.ly/3aXC1zN EXP Realty Explained: https://bit.ly/3mGBVyV Housing Bubble Popping?: https://bit.ly/3MK62A7 Housing Crash Survival Guide: https://bit.ly/3zxoyZD 5 Must Know Success Rules For This Market: https://bit.ly/3QeSbVv Real Estate Agent New Mortgage Rules: https://bit.ly/3zCjSld FAMOUS REAL ESTATE AGENT INTERVIEWS: 100s of interviews: https://bit.ly/3Qk85he Featuring: Fredrik Eklund: https://bit.ly/3NMDOpE Ryan Serhant: https://bit.ly/39fx6tx Jade Mills: https://bit.ly/3tvZQVC WHO ARE TIM AND JULIE HARRIS?: https://bit.ly/3mGOWbU "Our real estate journey began 30 years ago and we knew early on that we wanted to share our playbook to success. We've had the pleasure of transforming thousands of careers achieving success and financial freedom. We know what it takes and we're looking forward to meeting you so we can jumpstart your growth!" AWARDS: #1 Coaches in the Business by Inman #1 Podcast for Real Estate by FitSmall Business. #1 Residential Real Estate Podcast Motley Fool #1 Best Selling Real Estate Book: 500+ 5 Star Reviews, HARRIS Rules. amzn.to/3tzHymr EXP Realty Top .05% eXp Influencer. Alpha Group EXP Realty Copyright 2022, All Rights Reserved Tim & Julie Harris® Real Estate Coaching exp realty teams brokers exp realty coaching exp explained real estate investing

Stefani Boyd is a Sacramento local serving those in California and those leaving California with their home mortgage needs. After a successful career in criminal investigations as one of the youngest criminal investigators in Sacramento County, Stefani went on to pursue her dreams of joining the family real estate business. She spent years learning the ins and outs of real estate and lending with her family brokerage. Now, Stefani has both her real estate and mortgage broker licenses and is the CEO of her own corporation.    During the show we discuss: ● How to get more buyers into contract in a competitive market & compete in a multi-offer situation ● How to help your buyers purchase a home with zero $ down how much can my buyers really afford ● The simple formula to calculate how much home your buyer can afford ● How to get a boost in your credit score & qualify for a home loan ● The secret formula for first-time home buyers to get approved ● The difference between being prequalified and preapproved ● How to know which home mortgage option is right for you ● How to get a mortgage without a credit score ● How to own a home for less than renting ● How interest rates affect your mortgage ● How to help veterans get into homes ● Different types of mortgage terms ● How to turn renters into buyers ● How to lock your interest rate ● Basic credit qualifications   Show resources: https://www.stefaniboyd.com/