Better Than Success Real Estate News Briefing: Recent Episodes
Better Than Success
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment. This news update is also available as a Flash Briefing on Alexa.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
America’s Real Estate Market May Be Finally Recovering From the Pandemic—Here’s Proof
https://www.realtor.com/news/trends/real-estate-market-recovering-from-pandemic-june-inventory/
What's the Silver Lining for the Housing Market Cloud?
https://www.realtor.com/news/trends/how-rising-mortgage-rates-and-all-time-high-homes-prices-may-help-homebuyers/
Mortgage Rates Take a Breather After Nearly Doubling in One Year’s
https://www.realtor.com/news/real-estate-news/mortgage-rates-take-a-breather-after-nearly-doubling-in-one-years-time/
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
America’s Real Estate Market May Be Finally Recovering From the Pandemic—Here’s Proof
https://www.realtor.com/news/trends/real-estate-market-recovering-from-pandemic-june-inventory/
What's the Silver Lining for the Housing Market Cloud?
https://www.realtor.com/news/trends/how-rising-mortgage-rates-and-all-time-high-homes-prices-may-help-homebuyers/
Mortgage Rates Take a Breather After Nearly Doubling in One Year’s
https://www.realtor.com/news/real-estate-news/mortgage-rates-take-a-breather-after-nearly-doubling-in-one-years-time/
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
What The Fed Interest Rate Hike Means For Home Buyers
https://www.forbes.com/sites/brendarichardson/2022/06/16/what-the-fed-interest-rate-hike-means-for-home-buyers/
Prepare yourself: ‘The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006
https://www.marketwatch.com/story/prepare-yourself-the-u-s-housing-market-is-at-the-beginning-stages-of-the-most-significant-contraction-in-activity-since-2006-11654806265
Echoes of the Great Recession: Is Mortgage Lending Becoming Riskier Again?
https://www.realtor.com/news/trends/return-of-risky-lending-mortgages/
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
President Biden Thinks He Can Fix The Housing Crisis. Is He Right?
https://www.realtor.com/news/trends/president-biden-plans-to-bring-down-housing-costs/
Homebuilder sentiment falls to 2-year low on declining demand and rising costs
https://www.cnbc.com/2022/05/17/home-builder-sentiment-falls-to-2-year-low-on-declining-demand-rising-costs.html
Five Experts Share Data Strategies To Survive Wild Housing Market
https://www.forbes.com/sites/jennifercastenson/2022/05/19/five-experts-share-data-strategies-to-survive-wild-housing-market/?sh=31724d7e7926
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Nonbanks deliver a wishlist to the FHA
https://www.housingwire.com/articles/nonbanks-deliver-a-wishlist-to-the-fha/
Lumber slumps to seven-month lows as housing market bears brunt of rate hikes
https://seekingalpha.com/news/3844810-lumber-slumps-to-seven-month-lows-as-housing-market-bears-brunt-of-rate-hikes
How Did Pandemic Lead to A Difficult Real Estate Market?
https://www.financebrokerage.com/how-did-pandemic-lead-to-a-difficult-real-estate-market/
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
CFPB wants lenders to disclose reason for denial of credit
https://www.housingwire.com/articles/cfpb-wants-lenders-to-disclose-reason-for-denial-of-credit/
More multifamily landlords are making less than their lenders
https://therealdeal.com/2022/05/24/more-multifamily-landlords-are-making-less-than-their-lenders/
Housing Market Is Showing Signs of a Correction: What This Means for Buyers and Sellers
https://www.realtor.com/news/trends/housing-market-showing-signs-of-correction-what-buyers-sellers-need-to-know/
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Does refinancing affect property taxes?
https://www.msn.com/en-us/money/personalfinance/does-refinancing-affect-property-taxes/ar-AAXaS81?ocid=finance-verthp-feeds&cvid=2057b3c5a2334139879836d9bb679279
Fed Proposes Major Update To Fair Lending Law
https://www.rismedia.com/2022/05/06/fed-proposes-major-update-fair-lending-law/
The Biden Administration Proposes Changes to the Taxation of Real Property
https://www.natlawreview.com/article/biden-administration-proposes-changes-to-taxation-real-property
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
The Extraordinary Wealth Created by the Pandemic Housing Market
https://www.nytimes.com/2022/05/01/upshot/pandemic-housing-market-wealth.html
Important Statistics for Real Estate Investors
https://realtybiznews.com/%ef%bf%bc%ef%bf%bcimportant-statistics-for-real-estate-investors/98770533/
Fed Expected To Raise Rate By Half Percentage Point
https://nationalmortgageprofessional.com/news/fed-expected-raise-rate-half-percentage-point
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
The Latest Tax Proposals and Their Impact on Real Estate Investing
https://www.eisneramper.com/real-estate-investing-tax-proposal-0422/
How to Make a Fortune in Long-Distance Real Estate Investing
https://www.msn.com/en-us/money/realestate/how-to-make-a-fortune-in-long-distance-real-estate-investing/ar-AAWtWt1?ocid=finance-verthp-feeds&cvid=208796d7219b4d458519b3b4f95c1d75
‘It Will Take Time for Surging Mortgage Rates To Rebalance the Market’: Home Prices Continue To Skyrocket, but Buyers Could See Relief Soon
https://www.realtor.com/news/real-estate-news/it-will-take-time-for-surging-mortgage-rates-to-rebalance-the-market/
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Biden is Doubling Down on a Push to Roll Back Single-Family Zoning Laws
https://www.route-fifty.com/infrastructure/2022/04/bidens-10-billion-proposal-ramps-equity-push-change-neighborhoods-cities/365581/
Tap into Private Lending When Buying a Short-Term Rental
https://thinkrealty.com/tap-into-private-lending-when-buying-a-short-term-rental/
Concentration in Homebuilding Driver by a Few Large Builders
https://www.jchs.harvard.edu/blog/concentration-homebuilding-driven-few-large-builders
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
CFPB sues TransUnion for duping consumers with “dark patterns”
https://www.housingwire.com/articles/cfpb-sues-transunion-for-duping-consumers-with-dark-patterns/
Rising mortgage rates are causing more home sellers to lower their asking prices
https://www.cnbc.com/2022/04/07/rising-mortgage-rates-cause-more-home-sellers-to-lower-asking-prices.html
Billions in federal rental assistance is still available. Here’s what struggling renters need to know
https://www.cnbc.com/2022/04/13/struggling-renters-can-still-apply-for-up-to-18-months-of-federal-aid-.html
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
U.S. Faces Historic Housing Shortages, With Roots in the Recession and Local Zoning Restrictions
https://www.planetizen.com/news/2022/04/116720-us-faces-historic-housing-shortages-roots-recession-and-local-zoning
FHFA brings foreclosures to a screeching halt for borrowers who applied for Treasury assistance
https://www.housingwire.com/articles/fhfa-brings-foreclosures-to-a-screeching-halt-for-borrowers-who-applied-for-treasury-assistance/
National Association Of Realtors Is Fighting A Copyright Ruling On Floor Plans
https://www.forbes.com/sites/brendarichardson/2022/04/07/national-association-of-realtors-is-fighting-a-copyright-ruling-on-floor-plans/?sh=5bca94b25a3b
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Up in ARMs: As Home Prices Grow, Risky Adjustable-Rate Mortgages Are Making a Comeback
https://www.realtor.com/news/trends/why-adjustable-rate-mortgages-are-making-a-comeback/
How Long Does Underwriting Take—and Can You Speed It Up?
https://www.realtor.com/advice/finance/how-long-does-underwriting-take/
Mortgages Are Complicated Instruments’: Should Home Buyers Be Worried About a Yield Curve Inversion? Economists Say Keep Your Eyes Open for These Signals.
https://www.realtor.com/news/trends/should-home-buyers-be-worried-about-a-yield-curve-inversion/
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
'Proptech' Companies Target Single-Family Rental Market
https://www.planetizen.com/news/2022/03/116578-proptech-companies-target-single-family-rental-market
Housing market 'staring into face of perfect storm,' expert warns
https://www.msn.com/en-us/money/realestate/housing-market-staring-into-face-of-perfect-storm-expert-warns/ar-AAVv7j7?ocid=finance-verthp-feeds
Biden Administration to Probe Racial Bias In Home Appraisals
https://www.forbes.com/sites/brendarichardson/2022/03/23/biden-administration-to-probe-racial-bias-in-home-appraisals/?sh=f7a7fe7a5a9d
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
New-Home Construction Improves as Builders Work Through Backlog of Permits—but Pressure From Inflation, Labor Shortages and Rising Rates Remain
https://www.realtor.com/news/real-estate-news/new-home-construction-improves-as-builders-work-through-backlog-of-permits/
Here’s what the Fed’s rate hike means for borrowers, savers and homeowners
https://www.cnbc.com/2022/03/16/heres-what-the-feds-rate-hike-means-for-borrowers-savers.html
7 top tech trends in real estate
https://www.msn.com/en-us/money/realestate/7-top-tech-trends-in-real-estate/ar-AAV5Ze0?ocid=finance-verthp-feeds
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Welcome to Walmart. Here’s your mortgage
https://www.housingwire.com/articles/welcome-to-walmart-heres-your-mortgage/
What's in Store for the 2022 Residential Housing Market?
https://www.newsweek.com/whats-store-2022-residential-housing-market-1686431
The Fed Is Poised To Raise Rates. Here’s What You Need To Know—and Why That’s Bad News for Homebuyers’
https://www.realtor.com/news/trends/the-fed-is-poised-raise-rates-why-thats-bad-news-for-homebuyers/
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Weak mortgage demand could get a big boost as Ukraine crisis causes interest rates to drop sharply
https://www.cnbc.com/2022/03/02/weak-mortgage-demand-could-get-a-big-boost-.html
Skilled labor is returning to homebuilding
https://www.housingwire.com/articles/skilled-labor-is-returning-to-homebuilding/
Philadelphia 'Diversion Program' Prevents Evictions Through Mediation
https://www.planetizen.com/news/2022/03/116416-philadelphia-diversion-program-prevents-evictions-through-mediation
To see our upcoming events, visit betterthansuccess.com/events.
Check out our YouTube channel at youtube.com/betterthansuccess.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
FHA inches closer to offering a 40-year loan modification
https://www.housingwire.com/articles/fha-inches-closer-to-offering-a-40-year-loan-modification/
How Much Is Capital Gains Tax on Real Estate? Plus, How To Avoid it
https://www.realtor.com/advice/finance/how-much-is-capitals-gains-tax-on-real-estate/
Line Your Pockets With Cash: 6 Creative Ways To Make Money Off Your Home (That Aren’t Airbnb)
https://www.realtor.com/advice/finance/creative-ways-to-make-money-off-your-home-that-arent-airbnb/
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Homebuilders’ confidence falls as they wait months for cabinets, garage doors and appliances
https://www.cnbc.com/2022/02/16/builders-are-waiting-months-to-get-cabinets-and-garage-doors.html
Freddie Mac rolls out direct deposit income verification
https://www.housingwire.com/articles/freddie-mac-rolls-out-direct-deposit-income-verification/
Could Housing Affordability Cause the Next Housing Crash?
https://www.msn.com/en-us/money/realestate/could-housing-affordability-cause-the-next-housing-crash/ar-AATLuOn?ocid=finance-verthp-feeds
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
4 Ways Investors Can Gear Up for the Spring Housing Market
https://www.msn.com/en-us/money/realestate/4-ways-investors-can-gear-up-for-the-spring-housing-market/ar-AATqZ2d?ocid=finance-verthp-feeds
How To Invest When Home Prices Rise
https://www.forbes.com/sites/ingowinzer/2022/02/04/how-to-invest-when-home-prices-rise/?sh=3b90347037fb
Mortgage rates jump to 3.69% as economy normalizes
https://www.housingwire.com/articles/mortgage-rates-jump-to-3-69-as-economy-normalizes/
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
How the Fed’s plans for its portfolio could affect mortgages
https://www.nationalmortgagenews.com/news/how-the-feds-plans-for-its-portfolio-could-affect-mortgages
Beyond Supply And Demand: Today’s Tech Is Helping House Prices Skyrocket
https://www.forbes.com/sites/johnwake/2022/02/03/beyond-supply-and-demand-todays-tech-is-helping-house-prices-skyrocket/?
Investors Reveal Top Concerns, Challenges
https://magazine.realtor/daily-news/2022/01/25/investors-reveal-top-concerns-challenges
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Here Are America’s Next Emerging Real Estate Markets: What Buyers and Sellers Need To Know
https://www.realtor.com/news/trends/emerging-markets/
America’s most popular housing markets have an inflation problem
https://www.marketwatch.com/story/americas-most-popular-housing-markets-have-an-inflation-problem-11643386464
‘The Fed got the memo.’ Here’s what you can do to prepare for the coming rate hike
https://www.cnbc.com/2022/01/26/the-fed-sets-the-stage-for-a-rate-hike-heres-what-that-means-for-you.html
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Volatility of lumber prices hits high not seen since end of World War II — why home buyers should be concerned
https://www.msn.com/en-us/money/realestate/volatility-of-lumber-prices-hits-high-not-seen-since-end-of-world-war-ii-why-home-buyers-should-be-concerned/ar-AAT11vm?ocid=finance-verthp-feeds
Rent Prices Rose 14 percent Last Year, Far Outpacing Inflation
https://www.msn.com/en-us/money/realestate/rent-prices-rose-14-last-year-far-outpacing-inflation/ar-AAT19ip?ocid=finance-verthp-feeds
Desktop appraisal option to start in March
https://www.housingwire.com/articles/desktop-appraisal-option-to-start-in-march/
To see our upcoming events, visit betterthansuccess.com/events.
Home builders are desperate for quick and inexpensive materials, so they're turning to Home Depot and Congress for help
https://www.msn.com/en-us/money/realestate/home-builders-are-desperate-for-quick-and-inexpensive-materials-so-they-re-turning-to-home-depot-and-congress-for-help/ar-AASKgY3?ocid=finance-verthp-feeds
America’s Housing Market Is In the Grip of an Inflation Storm
https://www.realtor.com/news/trends/americas-housing-market-is-in-the-grip-of-an-inflation-storm/
Real estate in the metaverse is booming. Is it really such a crazy idea?
https://theconversation.com/real-estate-in-the-metaverse-is-booming-is-it-really-such-a-crazy-idea-174021
To see our upcoming events, visit betterthansuccess.com/events.
The New Rules for Homebuyers and Sellers in the Age of Omicron: What To Expect in 2022
https://www.realtor.com/advice/buy/omicron-impact-on-real-estate-homebuyers-sellers-need-to-know/
How to avoid a low home appraisal
https://www.msn.com/en-us/money/realestate/how-to-avoid-a-low-home-appraisal/ar-BB1cHlKd
Things to consider before investing in short term rentals
https://realtybiznews.com/things-to-consider-before-investing-in-short-term-rentals/98765325/
On a previous weekly Wednesday mastermind, Real Estate Development and Engineering: Top Tips and Tricks for Your Next Investment with Jane Ellen. She shared that using stormwater dot phila dot gov is a great tool to know the measurement of an area, the zoning, and if the street has enough parking. This tool will show you the blocks and you can get a view of the city. She also shared that Upcodes is a free app that is very helpful for engineers, architects and investors. With it you can research building regulations from different cities. It also helps you to understand the code compliance for buildings.
To see our upcoming events, visit betterthansuccess.com/events.
With Most Eviction Moratoriums Ending in 2021, What Will 2022 Look Like for Landlords and Renters?
https://www.msn.com/en-us/money/realestate/with-most-eviction-moratoriums-ending-in-2021-what-will-2022-look-like-for-landlords-and-renters/ar-AAROqf0
Fed Projects Multiple Interest Rate Hikes In 2022 To Combat Inflation — But 'Big Unknown' Still Lingers
https://www.bisnow.com/national/news/economy/fed-points-way-to-interest-rate-hikes-in-22-to-combat-inflation-111282
Zillow Launches Service to Help First-Time Buyers With Down Payments
https://www.pymnts.com/real-estate/2021/zillow-launches-service-to-help-first-time-buyers-with-down-payments/
To see our upcoming events, visit betterthansuccess.com/events.
All-cash transactions under scrutiny of Biden administration
https://www.housingwire.com/articles/all-cash-transactions-under-scrutiny-of-biden-administration/
Amazon launches program to grow opportunities for real estate developers of color
https://www.chainstoreage.com/amazon-launches-program-grow-opportunities-real-estate-developers-color
What's the tax bite when you own—or sell—a rental property?
https://www.investopedia.com/rental-real-estate-taxes-5211939
On a previous weekly Wednesday mastermind, Real Estate Development and Engineering: Top Tips and Tricks for Your Next Investment with Jane Ellen. She shared that using stormwater dot phila dot gov is a great tool to know the measurement of an area, the zoning, and if the street has enough parking. This tool will show you the blocks and you can get a view of the city. She also shared that Upcodes is a free app that is very helpful for engineers, architects and investors. With it you can research building regulations from different cities. It also helps you to understand the code compliance for buildings.
To see our upcoming events, visit betterthansuccess.com/events.
How Does Inflation Affect Home Prices and Real Estate?
https://realtytimes.com/consumeradvice/buyersadvice/item/1043760-how-does-inflation-affect-home-prices-and-real-estate
Thousands could soon lose – or sell – their homes as Covid mortgage bailouts expire
https://www.cnbc.com/2021/12/02/covid-mortgage-bailouts-expire-thousands-could-lose-or-sell-homes.html
After hard times for renters, cities and states pass dozens of new protections
https://www.cnbc.com/2021/11/23/after-a-hard-time-for-renters-cities-and-states-pass-new-protections-.html
To see our upcoming events, visit betterthansuccess.com/events.
Pandemic's Impact On Real Estate Around The World
https://nationalmortgageprofessional.com/news/pandemics-impact-real-estate-around-world
Here’s exactly what economists and analysts think will happen to mortgage interest rates in the coming year
https://www.marketwatch.com/picks/heres-exactly-what-economists-and-analysts-think-will-happen-to-mortgage-interest-rates-in-the-coming-year-01637502601?reflink=mw_share_twitter
The Infrastructure Bill Means Billions For Construction Projects. Now Who Is Going To Build Them
https://www.bisnow.com/national/news/construction-development/cities-prepare-for-billions-of-dollars-in-construction-projects-now-who-is-going-to-build-them-111008
To see our upcoming events, visit betterthansuccess.com/events.
Ground Leases Are Becoming A Popular Finance Tool, And Big Players Are Jumping Into The Space
https://www.bisnow.com/chicago/news/economic-development/ground-leases-are-becoming-a-popular-finance-tool-and-big-players-are-jumping-into-the-space-110964
Real Estate Is Way Behind in Tech. Here's Why and How to Fix It
https://www.msn.com/en-us/money/realestate/real-estate-is-way-behind-in-tech-here-s-why-and-how-to-fix-it/ar-AAQRyqF
How to refinance to a low mortgage rate — and pay nothing at closing
https://www.msn.com/en-us/money/realestate/how-to-refinance-to-a-low-mortgage-rate-and-pay-nothing-at-closing/ar-AAQyShg?ocid=finance-verthp-feeds
On Wednesday’s mastermind Driving for Dollars with Matt Kamp he shared that building your unique list that no one has is one of the things that top wholesalers do in the market. Because they are able to drive around and validate the properties. He also shared that the Deal Machine app has a feature where you can see all high-equity and vacant properties around the neighborhood, this can help you find the routes to them.
On Thursday’s Q&A Session with Steve Harris he shared that even good contractors can do bad work. It’s important to micromanage and lay down what you want your contractors to do specifically to let them know the outcome you’re expecting. He also shared, mistakes are always going to happen in a project. What’s important is the response time to their mistakes.
To see our upcoming events, visit betterthansuccess.com/events.
Inflation Fears are Driving More Investors Towards Commercial Real Estate
https://www.wealthmanagement.com/investment-strategies/inflation-fears-are-driving-more-investors-towards-commercial-real-estate
Building and Renting Single-Family Homes Is Top-Performing Investment
https://www.wsj.com/articles/building-and-renting-single-family-homes-is-top-performing-investment-11636453800
FHA policy updates aim to revitalize chattel, home renovation program
https://www.nationalmortgagenews.com/news/fha-policy-updates-aim-to-revitalize-chattel-home-renovation-program
On Wednesday’s mastermind Cash Flow Management for Real Estate Investors - How To Tell Your Money Where To Go Instead of Asking Where It Went, with Curtis May, he shared that understanding what bad and good debt is, is important to manage your cash flow. Because getting out of debt is not creating wealth. He also shared that you should use good debt or constructive debt to buy cash flowing assets or to build businesses.
On Thursday’s Q&A with Daniel Harvey, he shared that he purchased a mixed-used property for $180,000 and because it was occupied he was able to use a conventional loan. He also shared that the secret sauce in real estate investing is being creative and understanding zoning. Buy properties with a vision and use that when you rehab it. A lot of times, investors who sold it to you didn’t see the great potential of the property.
To see our upcoming events, visit betterthansuccess.com/events.
Construction worker shortage has reached “crisis” levels
https://www.housingwire.com/articles/construction-worker-shortage-has-reached-crisis-levels/
Zillow to kill its iBuying program
https://www.housingwire.com/articles/zillow-to-kill-its-ibuying-program/
Where Have All the HELOCs Gone? The Latest Wrench in Home Renovation
https://www.realtor.com/advice/finance/where-have-all-the-helocs-gone-latest-wrench-in-home-renovation/
On Wednesday’s mastermind How to Leverage Cryptocurrency to Buy Real Estate with Jimmy Williams and Corey Camp. They shared, whether you're a new or old investor, always start with the Rule of 72. It’s your R-O-I divided by 72, it tells you how many years it will take your money to double which you can’t do by just saving in the bank. They also shared that you should have a mindset like a bank when you think about assets, real estate, cryptocurrency and the stock market. Because banking is the greatest business ever.
On Thursday’s Q&A with Levar Clark, he shared that you should have a criteria for buying when looking for a deal as it will help you decide if you should close it. Meeting your numbers is also deciding factor. He also shared that it’s better to get into wholesaling first before buying rentals. By doing this you’ll learn what a deal is and get better at learning numbers in a deal.
To see our upcoming events, visit betterthansuccess.com/events.
NFT In The Real Estate Industry: Short-Term Trend Or An Investment In The Future?
https://www.forbes.com/sites/forbesbizcouncil/2021/10/25/nft-in-the-real-estate-industry-short-term-trend-or-an-investment-in-the-future/?sh=7966d88a78d2
How Long Does Underwriting Take—and Can You Speed It Up?
https://www.realtor.com/advice/finance/how-long-does-underwriting-take/
What Are the Property Requirements for an FHA Loan?
https://realtytimes.com/consumeradvice/buyersadvice/item/1043536-what-are-the-property-requirements-for-an-fha-loan
On Wednesday’s mastermind Driving for Dollars with Matt Kamp he shared that what always works for investors is using a strategy that is going to cut through the competition, especially if you’re looking in places that investors are already interested in. Also, working to know more people will put you ahead of the game. They’ll be your source of information if tenants are moving out soon, if the property is vacant or being sold.
On Thursday’s Q&A with Steve Harris, he shared that when hiring a contractor and they're desperate for money you have to think about it. You have to hire someone who can stay all day to complete the tasks and be there if something goes wrong. He also shared that even good contractors can do bad work too. It’s important to micromanage and lay down what you want your contractors to do specifically to give them what outcome you’re expecting.
To see our upcoming events, visit betterthansuccess.com/events.
How Do Student Loans Affect Your Ability to Buy a Home?
https://realtytimes.com/consumeradvice/buyersadvice/item/1043462-how-do-student-loans-affect-your-ability-to-buy-a-home
Why Is Zillow Pumping the Brakes on House Flipping?
https://www.msn.com/en-us/money/realestate/why-is-zillow-pumping-the-brakes-on-house-flipping/ar-AAPFonH
The Future Of The Rental Market For Landlords And Tenants
https://www.forbes.com/sites/forbesbizcouncil/2021/10/21/the-future-of-the-rental-market-for-landlords-and-tenants/?sh=5706999551ce
On Wednesday’s event, Bookkeeping with Atiya Brown, she shared that real estate investors must understand what a balance sheet is. It’s the financial statement that shows what you own and who you owe something to. She also discussed that bookkeeping needs attentiveness to every detail as it will either cost you more money or save you more money in paying your taxes. Also, some investors think that cash-flow is their net income, but cash-flow is understanding what’s coming in versus what you have to pay. Another important thing is to know what reconciliations are, knowing what hits your bank accounts, whether an inflow or outflow is being accounted for, so you can catch anything that may be missing.
To see our upcoming events, visit betterthansuccess.com/events.
What You Need To Know About That Viral iBuyer TikTok
https://www.msn.com/en-us/money/realestate/what-you-need-to-know-about-that-viral-ibuyer-tiktok/ar-AAPwA8h
Fannie Mae vs. Freddie Mac: What’s the difference
https://www.msn.com/en-us/money/personalfinance/fannie-mae-vs-freddie-mac-whats-the-difference/ar-AAPtpBY
How to Kick Someone Out of Your House: Evicting a Family Member With No Lease
https://www.realtor.com/advice/rent/how-to-evict-a-family-member/
On Wednesday’s event, Customize Your Own Creative Financing Strategies for Your Next Real Estate Deal with Nicole Purvy, she shared shared some rules for your financing strategies, a few of them include:
With rental loans, banks will finance up to 80% of the acquisition cost or the appraisal value whichever is less.
Most banks do not require seasoning of a property for a refi.
Banks use appraisals for refi’s, but for multi-families they will consider an income approach and market data.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 19 below...
Mortgage rates could rise if the Fed starts tapering next month: What to do now
https://www.msn.com/en-us/money/realestate/mortgage-rates-could-rise-if-the-fed-starts-tapering-next-month-what-to-do-now/ar-AAP6RX6
Could the Race to Space Create New Housing Opportunities?
https://rismedia.com/2021/10/04/race-space-create-housing-opportunities/
As Opportunity Zone Window Closes, The Case For Investment Is Stronger Than Ever
https://www.forbes.com/sites/forbesbizcouncil/2021/10/05/as-opportunity-zone-window-closes-the-case-for-investment-is-stronger-than-ever/?sh=727f1c3255f5
On Wednesday’s event, The Most Common Problems Developers Face on Their Construction Projects and How to Avoid Them with Jamil Soucar, he shared 4 common problems that developers face in their construction projects. He introduces the acronym HOME with 4 tips to use on your next construction project:
H - Have a clear, accurate and complete understanding of the scope of work that you would like to do before you get the project to the contractor.
O - Open your mind, there will be change orders. Put in a 10%-15% extra budget in case this happens.
M - Mitigation. In this process, the relationship with your architect and contractor is very important, each of you need to collaborate with each other in order to provide an effective resolution.
E - Expedite. Don’t let things drag in construction. Get a professional who can handle your project.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 18 below...
Home-flipping profits are shrinking, but here’s where you can net the most
https://www.cnbc.com/2021/09/27/home-flipping-profits-are-shrinking-but-heres-where-you-can-net-the-most.html
Mortgage Rates Will Spike If U.S. Defaults On Debt, Moody’s Report Finds
https://www.forbes.com/sites/kathleenhowley/2021/09/24/mortgage-rates-will-spike-if-us-defaults-on-debt-moodys/?sh=5b0bf3de304f
Fannie Mae Extends Multifamily Protections for Renters Indefinitely
https://www.prnewswire.com/news-releases/fannie-mae-extends-multifamily-protections-for-renters-indefinitely-301384789.html
On Wednesday’s event, Raising Private Capital to Invest in Philadelphia with Albert Wu, Albert shared that he used private money to invest in real estate for his first successful deal. He says there are 3 things to manage your reserves:
- Understand your financing portion
- Having a control of your mortgage, and
- Good construction management
On Thursday’s live Q&A session with Hoan Thai he shared one way to increase your rental income is by doing a rehab or improving the property. He said that he did this in one of his occupied rentals and added a washer and dryer. He was able to increase the rent to the average amount his tenant spent at laundromats. He also shared that it took him years to build his line of credits. He has a mix of credit both business and personal which he started when he was 18 which now helps him when investing in real estate.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 17 below...
FHA loan limits in 2021: What borrowers need to know
https://www.msn.com/en-us/money/realestate/fha-loan-limits-in-2021-what-borrowers-need-to-know/ar-BBZdBr4
Homebuilder sentiment improves for first time in three months after a big drop in lumber prices
https://www.cnbc.com/2021/09/20/homebuilder-sentiment-improves-after-big-drop-in-lumber-prices.html
Artificial intelligence is taking over real estate – here’s what that means for homebuyers
https://www.cnbc.com/2021/09/17/what-artificial-intelligence-means-for-homebuyers-real-estate-market.html
On Wednesday’s event, How To Invest in Commercial Multi-Family by Using Group Economics with Harold he shared insights on commercial investing. He shared that for a commercial property, the down payment is significantly higher than a residential property. Despite having experience, lenders want anywhere from 25% to 30% down. He also stated that if your commercial property is located near anything that’s environmentally unsafe like a gas station. You will need to have a phase report showing that there’s no soil contamination coming from the site next to your property.
On Thursday’s live Q&A session with Asia Denson she shared that if you're planning to buy land and build a property you will need to get approval from your city, this includes presenting your plan, stamped blueprints, how you’re going to pay for it and having an approved licensed contractor. As a contractor herself she shared that in order for you to get a GC license in Detroit, you have to complete 60 hours of education and pass a test. The total cost is around $1500 which includes taking the class, purchasing books, and paying for the licensing exam .
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 16 below...
Feds Suspend New Limit on Federal Mortgages for Investors
https://www.msn.com/en-us/money/realestate/feds-suspend-new-limit-on-federal-mortgages-for-investors/ar-AAOw8Rk
House Democrats’ capital gains tax proposal is better for the super rich than Biden plan
https://www.cnbc.com/2021/09/15/house-capital-gains-tax-better-for-the-super-rich-than-biden-plan.html
Once the Pandemic Recedes, Where Will the Real Estate Investment Opportunities Be?
https://www.kiplinger.com/real-estate/real-estate-investing/603430/once-the-pandemic-recedes-where-will-the-real-estate
On Wednesday’s event, How to Underwrite Deals in 3-5 Clicks of a Button with Gary Jonas, Gary shares a resource on how you can underwrite deals and how to know if the numbers make sense using what he’s really good at... spreadsheets. He showed 2 things in them:
- What a deal would look like with something you want to buy and hold
- And what it would look like if you wanted to flip a property
He also shared the strategy to start investing in real estate. If you don’t have enough capital to purchase bigger buildings, start with purchasing single family homes. Once you build equity in them, you can use the equity to fund larger projects.
On Thursday’s live Q&A session with Devon, she shared one important thing to have when you have a property management company is a strong maintenance team. You need a team that is reliable, dependable. Also be sure you treat them well because they are going to make or break your success. Devon also shared what to look at when bringing in tenants for commercial properties.
- Be sure they have insurance
- Review their Bank Statements to see how much revenue they bring in
- And aim to have them sign long term leases.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 15 below...
The Built-For-Rent Land Rush Is Intensifying; Here Are Five Drivers
https://www.forbes.com/sites/bradhunter/2021/09/09/the-built-for-rent-land-rush-is-intensifying-here-are-five-drivers/?sh=603de85b560c
If It Rains Where You Live Consider Flood Insurance’: How Ida Could Expose Insurance Loopholes That Will Cost Homeowners
https://www.realtor.com/advice/finance/if-it-rains-where-you-live-consider-flood-insurance-how-ida-could-expose-insurance-loopholes-that-will-cost-homeowners/
Even with some mortgage refi rates under 3%, consider these 8 things before you refinance your mortgage
https://www.msn.com/en-us/money/realestate/even-with-some-mortgage-refi-rates-under-3percent-consider-these-8-things-before-you-refinance-your-mortgage/ar-AALSdgV
On Wednesday’s event, Interior Designer Secrets for Your Next Deal with Rasheeda Gray, Rasheeda shared that 90% of homebuyers especially now during COVID search online first before seeing a property. This is why the way your project is designed: photos and the visual representation really determine how marketable it is because this is the first impression of your project and design. She also shared that lighting is very important as it adds to the feeling, ambiance, and drama of the space. She says the 2 most popular types of light bulbs you can use to create a virtual impact are daylight and soft-white.
On Thursday’s live Q&A session with Jodie, he shared that if you really value your time you need to use a property manager, he said if the property manager is good it is worth your money and your peace of mind. Jodie says that he uses a property manager to manage his units. He has also built a property management company from scratch in Philadelphia. They generally charge 10% of rents as their fee.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 14 below...
The Supreme Court Will Allow Evictions To Resume. It Could Affect Millions Of Tenants
https://www.npr.org/2021/08/26/1024668578/court-blocks-biden-cdc-evictions-moratorium
White House Plans To Inject 100K Affordable Homes Into Scarce Housing Market.
https://www.forbes.com/advisor/mortgages/white-house-plans-to-boost-affordable-housing-market/
Home insurance can protect against extreme weather, but about half of Americans don't understand it
https://www.usatoday.com/story/money/personalfinance/real-estate/2021/08/27/your-home-protected-against-extreme-weather-and-natural-disasters/5608307001/
On Wednesday’s event, How to Become a More Efficient Real Estate Investor with Nicole Purvy, Nicole shared how to get things done as an entrepreneur, investor, and mom. She shared strategies to organize your schedule to make sure you’re on top of everything. Nicole compared budgeting money to time. When you budget your money you first put a budget in place and calculate how much money you have. You should do the same thing with your time. She recommends putting buffers into your schedule. You are not a robot, you also need time as a human being to relax, meditate and have your me-time. Don’t be too hard on yourself, planning to do nothing for a day is important for your mental health.
On Thursday’s live Q&A session with Seidah, she shared some of the templates her company uses to track their projects, manage their properties, and the scope of work, it is very important to make sure you have an organized template when managing a construction project for the first time. She also discussed that you should make sure to organize files or documentation, materials, receipts, quotes and construction timeline
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 13 below...
Census Shows U.S. Housing Crisis Is Worsening As The Search For Fixes Grows More Desperate
https://www.bisnow.com/national/news/affordable-housing/in-the-face-of-grim-housing-data-a-million-stabs-in-the-dark-to-see-what-works-109935
Fannie and Freddie Helping Lower Income Borrowers With a Neat New Refinance Program
https://realtytimes.com/mortgage-advices/item/1043082-fannie-and-freddie-helping-lower-income-borrowers-with-a-neat-new-refinance-program
Should Real Estate Investors Pay Cash for Homes Now That Mortgage Rates Are So Low?
https://www.msn.com/en-us/money/realestate/should-real-estate-investors-pay-cash-for-homes-now-that-mortgage-rates-are-so-low/ar-AANK4Kw
On Wednesday’s event, How the new SEC Rules Provide More Opportunity for RE Developers with Joanna, Joanna shares SEC rules, SEC approved platforms that you can take advantage of, types of investors in the eyes of SEC and where regulations started. The two types of investors under the SEC are Accredited investors - someone that has a net worth of a million dollars or more. And, non-accredited investors - persons that do not meet the requirement of an accredited investor. It’s important to know where you belong in this. If you are a non-accredited investor and you believe that you should be an accredited investor you can complete a self-certification by having your tax attorney or CPA submit a letter verifying you have a net worth of at least a million dollars or more, not including your personal residence.
On Thursday’s live Q&A session with Joel Kraut, he shared 2 secrets to building a large portfolio in 4 years. Joel has owned 144 properties and has had thousands of tenants. His two secrets are using other people’s money and knowing who the key realtors in different markets are and making sure they know you. You should aim to be known as one of the top three buyers in the markets you invest in.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 12 below...
Federal judge denies landlords’ request to block CDC national eviction ban
https://www.cnbc.com/2021/08/13/us-judge-denies-landlords-request-to-block-cdc-national-eviction-ban-.html
Fannie Mae’s rental payment change worries some
https://www.housingwire.com/articles/fannie-maes-rental-payment-change-worries-some/
Biden's newest mortgage aid can cut your monthly payment by up to 25%
https://www.msn.com/en-us/money/realestate/bidens-newest-mortgage-aid-can-cut-your-monthly-payment-by-up-to-25percent/ar-AANjD0Z
- On Wednesday’s event, Getting the Right Policy for Your Real Estate Property w/ Steffany Purvis. Steffany reviewed risk and insurance in real estate. She covered having the right policy for your property, umbrella policies and important things to know when insuring your property. She talked about getting add ons to your existing policy to satisfy the protection that you want for your property. One example she used is that when obtaining a builders risk policy you should ensure that the coverage protects the items or belongings inside of the property in case theft happens during construction.
- On Thursday’s live Q&A session with Jhanel Wilson, Jhanel shared her investing strategy, where she gets deals from, cashflow, risks of investing outside your state and how to avoid those risks. When investing in properties outside your state, make sure you have a team on the ground that is very experienced, disciplined, and that they are someone who knows the neighborhood and the market very well. She also discussed her tenant screening process and the most important thing to her is getting tenants that are accountable and not entitled.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 11 below...
CDC issues new eviction ban for most of US through Oct. 3
https://apnews.com/article/lifestyle-business-health-coronavirus-pandemic-us-supreme-court-d9757b5fd75f8e5411772621cffde005
Landlords can consider these alternatives to evictions amid new moratorium
https://www.foxbusiness.com/personal-finance/eviction-moratorium-expires-landlords-consider-alternatives
Fed sees loosening credit standards as lending demand returns
https://www.americanbanker.com/news/fed-sees-loosening-credit-standards-as-lending-demand-returns
On Wednesday’s event,” Key Components to Hard Money Lending To Fix and Refinance” with Jamaal Patterson, he shared resources that will help first time home buyers, how to look for grants, how hard money lending works, house hacking, turning to co-ops and financing.
For first time home buyers, Jamaal says to use the grants if you want to get into a property, you can look for grants available in your state via a google search. When it comes to financing and you see opportunities, you can opt to use hard money applying with your EIN, also known as your Employer Identification Number.
On Thursday’s live Q&A session with Ugo (pronounced oo-go), he talked about using NACA (pronounced knack-uh), the Neighborhood Assistance Corporation of America, for one of his properties. This is a conventional mortgage company that helps with the dream of homeownership by affordable housing without looking at your credit score. He discussed the importance of putting everything in writing with your general contractor on your rehabs. Doing so will hold both you and your GC accountable to what’s going to happen and gives you security.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 10 below...
NAA Suing U.S. for Monetary Damages, Alleging Unlawful Eviction Moratorium
https://rismedia.com/2021/07/28/naa-suing-monetary-damages/
Federal Eviction Ban Forced 12% of Landlords Out of Business
https://www.millionacres.com/real-estate-investing/articles/federal-eviction-ban-forced-12-of-landlords-out-of-business/
Industry to Congress: G-fees aren’t your “piggybank”
https://www.housingwire.com/articles/industry-to-congress-g-fees-arent-your-piggybank/
On Wednesday’s event, Steps to Start Investing for Your Children with Danielle, she talked about different plans you can use to start investing for your children. She shared that you can open a 529 college savings plan for your unborn child. This plan can be used for college or K through 12 private school tuition. She also gave 6 steps to start investing for your children
-
Invest for yourself first
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Have a solid investment mindset
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Set your goals
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Set a budget
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Pick an account based on the goals you’ve made and,
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Fund and Automate
On Thursday’s live Q&A session with Lauren Kidd, Lauren talked about the interest rates of LendingOne, the difference when using hard money, how they evaluate a portfolio to qualify for a loan, rates for rental refinance, and bridge loans.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 9 below...
Mortgage Regulators To Eliminate Controversial Refinancing Fee
https://www.forbes.com/sites/brendarichardson/2021/07/16/mortgage-regulators-to-eliminate-controversial-refinancing-fee/?sh=5294ccf4ffe3
How Biden’s Neighborhood Homes proposal impacts real estate investors
https://www.housingwire.com/articles/how-bidens-neighborhood-homes-proposal-impacts-real-estate-investors/
Ransomware imperils title, mortgage industry
https://www.housingwire.com/articles/ransomware-imperils-title-mortgage-industry/
On Thursday’s live Q&A session with Eric Muaz he shared 5 key factors that most banks look for on your credit.
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A FICO score of 700 or higher
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at least 5 years of credit history,
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having less than 3 hard credit inquiries within the last 6 months,
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no derogatory items on your report and low usage on revolving credit.
He also gave tips on positioning your children to have great credit by the time they become adults. He shared that you can add children in their teens as authorized users on credit cards that are in good standing, to begin establishing their credit age and history. You can also have your child responsibly apply for their own credit card at 18 so by the time they’re 23 they will have at least 5 years of credit history.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 8 below...
1. Wells Fargo Closes Down All Personal Credit Lines: Impact on Investors
https://www.msn.com/en-us/money/realestate/wells-fargo-closes-down-all-personal-credit-lines-impact-on-investors/ar-AAM3Pqg
2. Why it really pays off to bring a structural engineer on board
https://www.realhomes.com/features/why-it-really-pays-off-to-bring-a-structural-engineer-on-board
3. Top Challenges And Opportunities For New Construction In 2021
https://www.forbes.com/sites/forbesrealestatecouncil/2021/07/13/top-challenges-and-opportunities-for-new-construction-in-2021/?sh=2cb0f0cb6134
4. Here are the highlights and takeaways from this week’s Mastermind “Steps to Sell Your Home for Top Dollar” w/ Becky and Raffaellina
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Staged homes on average spend half the amount of time on the market. They also sell for about 6 percent more.
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They discussed how virtual staging can help buyers visualize what can be potentially done to rooms and spaces in properties.
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They also shared why they avoid using a popular loan company due to repeated delays and while consumers may have a low interest rate they are being overcharged for other items in the mortgage loan.
5. On Thursday’s live Q&A session with Jamisa McIvor discussed
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Leveraging whole life insurance for real estate investing.
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Insight on how knowledge and not just money is part of creating and sustaining generational wealth.
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In addition to leaving behind money and or properties, leave behind a wealth of knowledge so they know what to do with the assets. Money can be taken from you, knowledge can’t.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 7 below...
1. Digital closings have spiked 228% since 2019
https://www.housingwire.com/articles/digital-closings-have-spiked-228-since-2019/
2. Airbnb Bonanza! Best Places To Buy a Vacation Rental and Cash In on the Post-Pandemic Travel Boom
https://www.realtor.com/news/trends/airbnb-bonanza-best-places-to-buy-a-vacation-rental-and-cash-in-on-the-post-pandemic-travel-boom/
3. Fraction of Covid-19 Rental Assistance Reaches Tenants and Landlords
https://www.wsj.com/articles/a-fraction-of-federal-rental-assistance-has-reached-tenants-and-landlords-11625259633
4. Here are the highlights and takeaways from this week’s Mastermind “How to Succeed in Multi-family Investing” with Chris Wyche
- Chris shared his experience on zoning being changed after he purchased a property. He included steps you can take to avoid this.
- why BRRR is his favorite investing strategy and how he regrets selling a few units instead of holding on to them
5. On Thursday’s live Q&A session with Christina Barker
- Christina discussed issues she’s experienced with previous property managers.
- A strategy on how she uses bank promotional checks to assist with down payments for mortgages
- Establishing her partnership with another Better Than Success member and how they each complement one another’s strengths and weaknesses.
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 6 below...
- Philly Council limits development on growing Girard Avenue
https://whyy.org/articles/philly-council-limits-development-on-growing-girard-avenue/
- Why You Need To Know About ‘Pocket Listings’ in an Increasingly Competitive Real Estate Market
https://finance.yahoo.com/news/why-know-pocket-listings-increasingly-150047171.html
- Supersize Apartments Are Back in Demand
https://www.wsj.com/articles/supersize-apartments-are-back-in-demand-11624964401
- Here are the highlights and takeaways from this week’s Mastermind “How to Finance Your Real Estate with $0 Down” with Marcus Knuckley
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- When it comes to financing, one thing that comes to mind is your credit score
- With good credit all things are possible.
- Having good credit means paying your bills on time and having low inquiries.
- Another factor that affects one's application for a loan is the “mix of credit”. Aside from the entry level credit card, having more than one type of credit account could give you a high chance of getting approved
- How COVID affected vacations rentals
- Opportunities because of COVID
- 6 Obstacles we face in raising capital
- On Thursday’s live Q&A session with Carrington Carter
To see our upcoming events, visit betterthansuccess.com/events.
Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 5 below...
- The Biden administration has extended the eviction moratorium for a month.
https://www.inquirer.com/politics/nation/evictions-moratorium-extended-biden-pandemic-20210624.html
- The Fed doesn’t need to worry about the hot housing market right now, Jim Cramer says
https://www.cnbc.com/2021/06/23/jim-cramer-fed-rate-hike-wont-fix-supply-issues-in-housing-market.html
- Here's How Biden Is Making It Even Harder to Buy a Home
https://fee.org/articles/heres-how-biden-is-making-it-even-harder-to-buy-a-home/
- Tight U.S. housing market uncoils with sellers ready to cash out
https://www.post-gazette.com/business/money/2021/06/19/Tight-US-housing-market-buyers-sellers-ready-to-cash-out/stories/202106190026
To see our upcoming events, visit betterthansuccess.com/events.
Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/
Every week, the the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 5 below...
- Zillow will now make cash offers for homes based on its ‘Zestimates’
https://www.mercurynews.com/2021/03/01/zillow-will-now-make-cash-offers-for-homes-based-on-its-zestimates/
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Here are the highlights and the takeaways for this week's mastermind: The Road to Financing A Multifamily Apartment Portfolio w/ James Dorcely – 02242021
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The four components of financing for multi-family real estate are credit, income, assets and collateral.
- The biggest barrier of entry that people run into when talking about multifamily purchases versus a one to two or three or four unit building, is the level of cash required.
- Essentially, what you’re trying to do is engage a lender. But what you really want to obtain is what’s called a letter of interest, a letter of intent or a term sheet that is similar to a pre-approval LOI term sheet.
- Bios or resume are not normally requested in residential but certainly would be requested on a multi-family or commercial transaction.
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When it comes to multi-family your level of experience is the very key. You can’t just go from only owning a 1, 2 or 3 family property, and now you want to purchase a hundred units by yourself with no partners you're going to need partners and experience if that's the direction you want to go.
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Phila - L&I Permitting
As a Reminder: All permit applications for new construction and additions filed on or after April 1, 2021, shall be subject to new requirements: Energy Compliance Documents and Soil Investigations
- Rising Interest Rates Could Derail Strong Demand For Mortgage Applications
https://www.forbes.com/sites/brendarichardson/2021/02/25/rising-interest-rates-could-derail-strong-demand-for-mortgage-applications/?sh=645fbc6636f0
- Softbank - backed real estate brokerage Compass makes IPO filing public
https://www.reuters.com/article/compass-ipo/softbank-backed-real-estate-brokerage-compass-makes-ipo-filing-public-idUSL3N2KZ4TN
To see our upcoming events, visit betterthansuccess.com/events.
Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/
Every week, the the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 4 below...
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In the Pandemic Home buying Picks Up Speed
https://www.nytimes.com/2021/02/19/realestate/house-buying-online.html -
Philly’s real estate tax early-bird discount canceled
https://whyy.org/articles/phillys-real-estate-tax-early-bird-discount-canceled/ -
New York Tax Revenue From Property Deals Jumps Most Since March
https://www.bloomberg.com/news/articles/2021-02-18/new-york-tax-revenue-from-property-deals-jumps-most-since-march -
New Federal Law Requires LLC Disclosure
https://www.forbes.com/sites/joshuastein/2021/02/18/new-federal-law-requires-llc-disclosure/?sh=726a56973cc6
To see our upcoming events, visit betterthansuccess.com/events.
Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/
Every week, the the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 3 below...
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Phila - ZONR - Easier Philadelphia Zoning Feasibility Planning Did you know there's a web application that helps developers accurately plan what can be built by-right in the city? https://www.youtube.com/watch?utm_medium=email&_hsmi=110477642&_hsenc=p2ANqtz-9t5LNBN_tRPt97brfA9v4VxAAEGh_wLRIlHzPZmJqdHebHxu2B2S-2mNn0EMhJUO3xXFCQBf2WzfU1DMvKw-8fqF0eRg&utm_content=110477375&utm_source=hs_email&v=PKQv4yq3nIk&feature=youtu.be
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Five Strategies For Real Estate Professionals Looking To Stand Out In 2021 https://www.forbes.com/sites/forbesrealestatecouncil/2021/02/08/five-strategies-for-real-estate-professionals-looking-to-stand-out-in-2021/?sh=16c23cb86f25
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Bidding wars are off the charts, as home listings fall to a record low https://www.cnbc.com/2021/02/12/bidding-wars-for-homes-are-off-the-charts-as-listings-fall-to-record-low.html?&qsearchterm=home%20listing
To see our upcoming events, visit betterthansuccess.com/events.
Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/
Every week, the the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 2 below...
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Want to own an apartment building? Buy a distressed hotel for pennies on the dollar https://www.cnbc.com/2021/02/04/want-to-own-an-apartment-building-buy-a-distressed-hotel-cheap.html
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DC - Record-breaking demand for warehouse and real estate development https://www.logisticsmgmt.com/article/record_breaking_demand_for_warehouse_and_dc_development
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Investors Betting Big On Single-Family Rentals https://www.bisnow.com/national/news/build-to-rent/rental-housing-investors-betting-big-on-us-suburbs-107655
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Rental Landlords Lost $7.2B In Q4 From Missed Rent Payments https://www.bisnow.com/national/news/multifamily/residential-landlords-lost-72b-revenue-from-missed-rent-last-quarter-107667
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Apartment Developers Increasing Unit Sizes For New Projects In Response To Pandemic https://www.bisnow.com/national/news/multifamily/apartment-developers-rethinking-small-units-in-response-to-pandemic-107654
To see our upcoming events, visit betterthansuccess.com/events.
Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/
Every week, the the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.
Find each article mentioned in episode 1 below...
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10 Most Affordable Cities To Buy A Home
https://www.forbes.com/advisor/mortgages/most-affordable-cities-to-buy-a-home/ -
The Philly area is filling up with coffee shops during the pandemic
https://www.inquirer.com/food/coffee-shops-espresso-philadelphia-south-jersey-20210203.html -
Why millions of Americans are now tapping credit unions for loans
https://www.cnbc.com/2021/02/04/why-millions-of-americans-are-now-tapping-credit-unions-for-loans.html -
Those in Real Estate Could Get Vaccine Priority: What That Means
https://www.fool.com/millionacres/real-estate-investing/articles/those-in-real-estate-could-get-vaccine-priority-what-that-means/ -
SC - Real estate investment is booming as ‘tertiary city’ trend sweeps the nation
https://upstatebusinessjournal.com/business-news/real-estate-investment-is-booming-as-tertiary-city-trend-sweeps-the-nation/ -
Find our events at betterthansuccess.com/events
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