All Forum Posts by: Christopher J. Roche

@Jared Hettler give Mike a call from Pegasus Lending Group, he’s the best in the bizz.

Mike Andreottola:1 (781) 771-6319

Should People Wait for Lower Mortgage Interest Rates?

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, acting sooner rather than later may be the actual win if you’re ready to buy a home.

According to Greg McBride, Chief Financial Analyst for Bankrate:

“As vaccines become more widely available and a return to normal starts to come into view, we’ll see mortgage rates bounce off...

@Dan Maciejewski great detailed response.

If you have recently purchased a property using a 1031 Exchange and the property isn't performing as you had hoped, you can more than likely sell it today and qualify for a 1031 exchange. As the code states, you must have the "intent" to buy and hold for investment. The pandemic has changed many investors original intent, therefore would allow for a back to back exchange in the same tax year.

Additionally - what do we expect for real estate investors under the new administration?

Christopher Roche

CrowdLending / Hard Money Lender

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not.

Yanling Mayer, Principal Economist at CoreLogic, recently revealed:

“A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days...

A lot of local businesses have taken a hit right now. Here are some easy ways to support them: 1. Write a positive review 2. Tell your friends and family 3. Follow them on social media 4. Engage with their posts 5. Sign up for their newsletter 6. Give them a shoutout and tag them in a post of your own! #SupportLocalBusinesses

Let’s discuss other creative ways we can do this.

Christopher J. Roche

Boston Ma,

Where are we in the current market cycle with respect to emotions? Optimism, Panic, Fear, Hope, Denial? Please let me know your thoughts.