All Forum Posts by: Jason Cano

I have a contract and all the necessary paperwork to purchase a house (Subject To) and I have a buyer who is ready with a down payment.

I am going to (Assign the Contract) rather than purchase and (Wrap). So rather than me being subject to the (Dodd Frank & Safe Act Rules) it would be the original owners correct?

And if so, wouldn’t they be able to use the (one deal per year rule) under the Dodd Frank Act for (Individuals and Trusts) where a balloon payment is allowed, and no proof of ability to pay is required?

In addition, doesn’t the Dodd Frank Act only apply to when selling via owner finance to a person who is going to occupy the property as their primary residence? And does not apply when selling to an investor or a person who is not going to live their?

So, if my buyer is an investor or is not going to live in the house, then the Dodd Frank Act guidelines do not apply?And therefore, would a balloon payment be allowed, and proof of ability to repay not be required?

I am a Real Estate Broker in Texas and I am looking to increase by business. Has anyone payed for coaching or a mentor program for (Brokers / Agents)?

I have read,heard about programs and coaching offered by-

-Craig Proctor
-Mike Ferry
-Bryan Buffini

I am interested in increasing listings and developing systems and team approach. I dont want to be tied down working 70 hours oer week. Can anyone please suggest a great coach/mentor?

Thank You

forgot to mention that is easier to replace in the event it needs to be down the road. in my area, I find that the slight increase in material costs is offset by cheaper labor costs to install so it pretty much balances itself out.. It is also a great for marketing your home.

In my opinion superior pex tube plumbing is the way to go. Maybe not if you are only replacing one section though. If your whole plumbing system is pex you can expect to realize a 20% savings in your water bill. No Joints...

ok,

If they are nationalized stockholders will receive nothing...The way i see it is that once the stocks reach a ridiculous low the organizations will be nationaized, then the stockholders cant complain about huge loss. I think they will nationalize them, get them up and running again and then sell the stocks back at a profit allowing freddie and fannie to return back to the private sector with the government making money on the investment...

So even though I am very tempted to "buy buy buy" I think I am gonna pass for now.

Does anyone out there have any insight. Do i see this wrong? There could be a lot of money to be made if fannie and freddie do not become nationalized and the stocks increase to around two dollars.

I have to dig further into this. The way I understand it is that is they become nationalized and receive help from the gov that the shareholders will pushed out.

Does anyone currently own any Freddie or Fannie stock..

Anyone own any Citigroup Stock?

Does anyone own any Farmer Mac stock, I am not sure what the ticker symbol is. It is just like freddie and fannie but it lends money to farmers for land.

ok so what is the deal with the stock prices for freddie mac and fannie mae. at .70 i say buy !!!but if they become nationalized stockholders will be pushed out. any thought on whether or not they will be nationalized??

You are better off leaving them a note or writing them an informal handwritten letter that is very quick and to the point. You may run into folks who are offended, embarassed, or feel threatened that you are approaching them at their home.

Try Linkurealty.com they have some really neet stuff.