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11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
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6 December 2024 | 11 replies
There are very few OGs around.3. education- I joined Jan 2024.
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9 December 2024 | 12 replies
Can anyone suggest training videos, books, or other resources that would help educate me on the topic?
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7 December 2024 | 14 replies
In my experience, most of the online calculators are just taking an educated guess for you.
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7 December 2024 | 1 reply
Education standards must be raised so that students actually use their heads for something besides hat racks (allowing them to actually earn a living) and have ready access to birth control (all types of) so that some mistake doesn’t derail one’s entire life.Slow down immigration, too.
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8 December 2024 | 7 replies
My goal is to build a business that serves corporate clients; construction and infrastructure development teams, medical/education faculty, corporate relocation, family emergency relocation services, sports travel/events, corporate and industryand I want to learn from those of you who are doing this successfully and are willing to share actionable ideas for how I can be successful in offering value to these groups.Thank you!!
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7 December 2024 | 150 replies
It's those types of deals where I would argue that higher-cost education might be justified, as it would be cheaper to spend money on the education than to screw up even a single deal.
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17 December 2024 | 86 replies
Additionally, investing in real estate education and seeking mentorship can enhance your understanding of various strategies and market dynamics.Creative Financing:Exploring creative financing options, such as seller financing, lease options, or partnerships, is another avenue to consider.
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6 December 2024 | 21 replies
I think you need a little more education and a mindset shift.Real estate investing is a fairly simple process.
7 December 2024 | 4 replies
You need to educate the seller that with the rates so high right now, a reasonable investor can't pay 2022 prices.