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5 March 2024 | 4 replies
A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.
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4 March 2024 | 2 replies
To read previous developments refer to my former post: Previous Fayetteville BP PostFayetteville's in City schools that are worth mentioning are Fayetteville Tech Community College, Fayetteville State University, and Methodist University.
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4 March 2024 | 7 replies
Hey Edward, Neighborhoods like Ohio City, Tremont, Detroit Shoreway, University Circle, and Lakewood offer cool spots for potential Airbnb homes under $150K.
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4 March 2024 | 7 replies
Very good to hearThis property is east of SR9, 3 minutes east of the university Seems like a college rental area
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4 March 2024 | 8 replies
Be aware of other options you have going into real estate, regardless of if you're in high school, university, or some other point in life.
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4 March 2024 | 34 replies
I believe it was made clear initially this was exempt, open to accredited investors only, etc:If you have searched the SEC Edgar database for an apartment LLC syndication and the syndicator, and you cannot find them listed, it could mean several things:Exemption from SEC Registration: Many real estate syndications, particularly those involving apartments, may be exempt from registration with the Securities and Exchange Commission (SEC) under Regulation D of the Securities Act of 1933.
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4 March 2024 | 30 replies
We have a large health complex here - Cleveland Clinic (largest employer in Cuyahoga County/North East Ohio), University Hospitals, MetroHealth Hospitals, etc.
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4 March 2024 | 59 replies
A litmus of these things that are simple, common and with it rather universal.
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5 March 2024 | 27 replies
I would rather give a University this kind of money, have the students help me with my marketing of myself in what avenue I decide to enter in real estate and get a degree.
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3 March 2024 | 8 replies
You could always invest in funds like https://fundrise.com/ (allows you to invest in RE without being accredited) or https://percent.com/ (allows you to be a private money lender without all of the work) if you have money and less time.