Posts Tagged ‘#BRRRR’
Biggest Mistakes People Make When Getting Ready to Close
From our friends at National Credit Care Underwriting. Now that’s a word that makes any mortgage professional get the chills. Let’s say it again…underwriting…brrrr…those blasted pencil pushers just making all our lives more miserable. Over 90% of our clients are seeking a loan approval for a home. This has naturally turned our business model…
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 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 MoreGovernor Pritzker Extends Eviction Moratorium Until January 9
December 14, 2020 Governor Pritzker announced on Friday, December 11 that the eviction moratorium would be extended another month until January 9, 2021. The modifications include specific language regarding a minimum of 5-day notice for eviction actions. Also, the order specifically prohibits an eviction action against “a tenant who does not owe rent” and an…
Read MoreHow To Become A Landlord
According to the IRS, 10.6 million taxpayers claim rental income every year. Are you planning to be one of them? Being a landlord is rewarding, but like all worthy endeavors, it’s hard work. Knowing what to expect and how to handle the unexpected will help you be a happy, successful landlord. Here are 12 steps…
Read MoreBRRRR method and a first time Investor
So what’s BRRRR? It’s an interesting term acronym made famous by Bigger Pockets, but it’s actually been around for years, Buy Renovate, Rent, Refinance, Repeat. We get lots of questions in our office from first-time investors on BRRRR and also respond to a lot of questions on Bigger Pockets. Originally posted by @Tim- I’ve taken the…
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