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I Need to build a team !!!!!! HELP
I Need to build a team !!!!!! [email protected] an Investor From London England on Bigger Pockets asks: On a recent Bigger Pocket Post Jason from London England asked for help to build a team for his first investments. Here’s our response to his question. @Jaloan asked: How do I go about building my team of a Lender,…
Read MoreChicago’s Fair Housing Ordinance
Fair Housing During the summer of 2020, the City Of Chicago approved the new Fair Housing Ordinance. This ordinance increases the amount of notice a landlord must give in order to not renew a lease, terminate a lease, or raise the rent of a tenant. Chicago Landlord Wants To Terminate Your Lease – Under the ordinance, landlords…
Read MoreFHFA Extending Foreclosure &; Eviction Moratoriums through March
Foreclosure & Eviction Moratoriums FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period Borrowers can now be in COVID forbearance for up to 15 months This is a reprint of a Press Release from FHFA. The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the…
Read MoreMortgage Broker -Benefit of Using A Great One
The topic is about a mortgage broker that helped us save a deal for a client. A great fix and flip opportunity for our client but at the last minute underwriting got scared and we almost lost the deal. We closed because of a great team effort including the attorney, a contractor that went the…
Read MoreBid First-Negotiate Later
Why Bid First-Negotiate Later While we have no problems going to see properties we’ve found over the years that there’s usually enough information in listings, public records, and pictures for us to have an idea of what we want to bid or recommend be bid on a property without having to go see every property.…
Read More5 Essential Property Maintenance Tasks
As the adage goes: “An ounce of prevention is worth a pound of cure.” For rental property owners, the same is true. A few dollars of preventative maintenance can avoid a hefty bill of hundreds or even thousands of dollars to “cure” a major problem. You also avoid risking getting sued or gaining a reputation as a…
Read More2021 Housing Market Prediction
Top 10 Housing Market Prediction Where is the Housing Market Headed in 202?. Daryl Fairweather of Redfin has made some predictions for 2021. Here’s a summary below. Our comments are included as well. General comment- the housing market will continue to hold strong as the rest of the economy rebounds from the coronavirus-driven. Housing Market…
Read MoreWhat the Stimulus Package Means For Real Estate Investors
This is a reprint of an Article from Scott Trent on Bigger Pockets The ongoing pandemic has hit our country hard, causing significant loss of life and changing our habits. We are all looking forward, with the hope that new vaccines will quickly get us back to a new normal. Interestingly, however, from the standpoint…
Read MoreRealtor.com 2021 Forecast
It is that time of the year for prognosticating what will happen in 2021. Here’s a summary of Realtor.com’s take. “We expect housing’s winning streak to continue in 2021 as seasonal trends normalize and some of the frenzied momentum fades thanks to fresh affordability challenges. Below you’ll find our forecast and housing market predictions on key…
Read More12 Rental Property Improvements You Can Make for Cheap
12 Inexpensive Rental Property Improvements 1. Paint You can enhance key rooms and create accent walls with paint. 2. Change Out Flooring The same applies to flooring. In cheap rentals, you may be able to use vinyl or focus on small, key areas of flooring. Putting new flooring in small entry areas and bathrooms or…
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