All Forum Posts by: Yolanda Varela

I listen to the REal Estate guys podcast too and they are putting together this conference for Oct 25 to 28th. I have not been to their events previously and I am curious and are planning to go to one of them.

 If anyone out there is planning on being there, will you let me know? Maybe we can meet during conference and network... Thanks

Today this owner has around 50 to 60% equity in his house which is probably worth around $300k. His monthly mortgage payments are 80% of his retirement/social security income and he is struggling every month. He wants to have options. I'm suggesting him to do a reverse mortgage so he can keep all his monthly income but I know the fees are high and the interest rate is high too. Is there anything else out there he could be interested in? I was thinking on the lines of selling the house now to an investor with a rent back option that has to be respected until owner dies or something in those lines. Has anybody done anything like that? 

If you need numbers to better understand, lets say house is worth 300k and the outstanding mortgage balance is 200k so lets say investor buys the house for 200k (to pay off the loan) and lets the owner live there for the rest of his life for free (with an attorney approved lease agreement in place). Normally this house could rent at about $20k per year, so if the owner/seller lives over 5 years investor would be losing rental income (since that would make up for the 100k discount he gets up front when buying the property) in comparison with another tenant he could have in there and continue to pay 20k/year. At the same time investor could gain on house appreciation or land value so investor might be motivated to risk  loosing rental income after the 5 years.

planning to be there!

Since 2007 Yolanda has been educating herself as well as others when buying and/or selling Real Estate. Yolanda brings great experience and knowledge to any Real Estate Transaction. She provides her sellers with different resources, always with the goal and top priority of successfully finding a buyer within days. Her marketing skills are proven to bring fast results. Yolanda provides her buyers with all the tools they would need to make a smart decision when it comes to purchasing the right home. Buying a house is the biggest investment for most of us and we can't afford mistakes.

Yolanda is also a RE Investor and when it comes to help other RE investors, she knows many creative different ways to finance a RE Transaction from OPM to regular loans. Real Estate investing is business and it's all about making the numbers work.

Yolanda's Real Estate designations include the following: C-RIS, CIPS, TRC, GRI, ABR, CNE, SFR, CDPE, CREO, CDRS. She is also a Home Inspector and a Real Estate Educator.

Her past, prior to Real Estate includes International Management: Team Leading, Group Coordination, Project Management. Presales and PostSales Technical Support. Network Design and Architecture. Her Technical Expertise includes: Detailed knowledge of internetworking, in depth telecommunication concepts with an expertise in several protocols like ATM, IP, BGP, SMNP, IPSEC, QoS, VOIP and xDSL technologies.

Yolanda possesses proven technical and presentation skills used in communicating highly detailed information to diverse audiences at major corporations. Yolanda traveled all over the world for over 10 years providing seminars on new technologies to major world wide telecommunication companies.

Fluent and able to present IT technical material when delivering telecommunication seminars in Spanish, English, Italian, French, Portuguese and Basque.

Specialties: International Training Presentations Design and Delivery. Network Design and Architecture and Project Management.