Better Than Success Real Estate News Briefing

Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.

Find each article mentioned in episode 10 below...

NAA Suing U.S. for Monetary Damages, Alleging Unlawful Eviction Moratorium

https://rismedia.com/2021/07/28/naa-suing-monetary-damages/

Federal Eviction Ban Forced 12% of Landlords Out of Business

https://www.millionacres.com/real-estate-investing/articles/federal-eviction-ban-forced-12-of-landlords-out-of-business/

Industry to Congress: G-fees aren’t your “piggybank”

https://www.housingwire.com/articles/industry-to-congress-g-fees-arent-your-piggybank/

On Wednesday’s event, Steps to Start Investing for Your Children with Danielle, she talked about different plans you can use to start investing for your children. She shared that you can open a 529 college savings plan for your unborn child. This plan can be used for college or K through 12 private school tuition. She also gave 6 steps to start investing for your children

• Invest for yourself first
• Have a solid investment mindset
• Set your goals
• Set a budget
• Pick an account based on the goals you’ve made and,
• Fund and Automate

On Thursday’s live Q&A session with Lauren Kidd, Lauren talked about the interest rates of LendingOne, the difference when using hard money, how they evaluate a portfolio to qualify for a loan, rates for rental refinance, and bridge loans.

Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.

Find each article mentioned in episode 8 below...

1. Wells Fargo Closes Down All Personal Credit Lines: Impact on Investors

https://www.msn.com/en-us/money/realestate/wells-fargo-closes-down-all-personal-credit-lines-impact-on-investors/ar-AAM3Pqg

2. Why it really pays off to bring a structural engineer on board

https://www.realhomes.com/features/why-it-really-pays-off-to-bring-a-structural-engineer-on-board

3. Top Challenges And Opportunities For New Construction In 2021

https://www.forbes.com/sites/forbesrealestatecouncil/2021/07/13/top-challenges-and-opportunities-for-new-construction-in-2021/?sh=2cb0f0cb6134

4. Here are the highlights and takeaways from this week’s Mastermind “Steps to Sell Your Home for Top Dollar” w/ Becky and Raffaellina

• Staged homes on average spend half the amount of time on the market. They also sell for about 6 percent more.
• They discussed how virtual staging can help buyers visualize what can be potentially done to rooms and spaces in properties.
• They also shared why they avoid using a popular loan company due to repeated delays and while consumers may have a low interest rate they are being overcharged for other items in the mortgage loan.

5. On Thursday’s live Q&A session with Jamisa McIvor discussed

• Leveraging whole life insurance for real estate investing.
• Insight on how knowledge and not just money is part of creating and sustaining generational wealth.
• In addition to leaving behind money and or properties, leave behind a wealth of knowledge so they know what to do with the assets. Money can be taken from you, knowledge can’t.

To see our upcoming events, visit betterthansuccess.com/events.

Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.

Find each article mentioned in episode 5 below...

1. The Biden administration has extended the eviction moratorium for a month.

https://www.inquirer.com/politics/nation/evictions-moratorium-extended-biden-pandemic-20210624.html

2. The Fed doesn’t need to worry about the hot housing market right now, Jim Cramer says

https://www.cnbc.com/2021/06/23/jim-cramer-fed-rate-hike-wont-fix-supply-issues-in-housing-market.html

3. Here's How Biden Is Making It Even Harder to Buy a Home

https://fee.org/articles/heres-how-biden-is-making-it-even-harder-to-buy-a-home/

4. Tight U.S. housing market uncoils with sellers ready to cash out

https://www.post-gazette.com/business/money/2021/06/19/Tight-US-housing-market-buyers-sellers-ready-to-cash-out/stories/202106190026

To see our upcoming events, visit betterthansuccess.com/events.

Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/

Every week, the the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.

Find each article mentioned in episode 5 below...

1. Zillow will now make cash offers for homes based on its ‘Zestimates’

https://www.mercurynews.com/2021/03/01/zillow-will-now-make-cash-offers-for-homes-based-on-its-zestimates/

2. Here are the highlights and the takeaways for this week's mastermind: The Road to Financing A Multifamily Apartment Portfolio w/ James Dorcely – 02242021

• The four components of financing for multi-family real estate are credit, income, assets and collateral.
• The biggest barrier of entry that people run into when talking about multifamily purchases versus a one to two or three or four unit building, is the level of cash required.
• Essentially, what you’re trying to do is engage a lender. But what you really want to obtain is what’s called a letter of interest, a letter of intent or a term sheet that is similar to a pre-approval LOI term sheet.
• Bios or resume are not normally requested in residential but certainly would be requested on a multi-family or commercial transaction.
• When it comes to multi-family your level of experience is the very key. You can’t just go from only owning a 1, 2 or 3 family property, and now you want to purchase a hundred units by yourself with no partners you're going to need partners and experience if that's the direction you want to go.

3. Phila - L&I Permitting

As a Reminder: All permit applications for new construction and additions filed on or after April 1, 2021, shall be subject to new requirements: Energy Compliance Documents and Soil Investigations

4. Rising Interest Rates Could Derail Strong Demand For Mortgage Applications

https://www.forbes.com/sites/brendarichardson/2021/02/25/rising-interest-rates-could-derail-strong-demand-for-mortgage-applications/?sh=645fbc6636f0

5. Softbank - backed real estate brokerage Compass makes IPO filing public

https://www.reuters.com/article/compass-ipo/softbank-backed-real-estate-brokerage-compass-makes-ipo-filing-public-idUSL3N2KZ4TN

To see our upcoming events, visit betterthansuccess.com/events.

Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/

Every week, the team at Better Than Success round up the biggest and most important news, policy changes, funding sources and investing opportunities for real estate investors and small business owners. It's the market information you need to know before pulling the trigger on your next or first investment.

Find each article mentioned in episode 7 below...

1. Digital closings have spiked 228% since 2019

https://www.housingwire.com/articles/digital-closings-have-spiked-228-since-2019/

2. Airbnb Bonanza! Best Places To Buy a Vacation Rental and Cash In on the Post-Pandemic Travel Boom

https://www.realtor.com/news/trends/airbnb-bonanza-best-places-to-buy-a-vacation-rental-and-cash-in-on-the-post-pandemic-travel-boom/

3. Fraction of Covid-19 Rental Assistance Reaches Tenants and Landlords

https://www.wsj.com/articles/a-fraction-of-federal-rental-assistance-has-reached-tenants-and-landlords-11625259633

4. Here are the highlights and takeaways from this week’s Mastermind “How to Succeed in Multi-family Investing” with Chris Wyche

• Chris shared his experience on zoning being changed after he purchased a property. He included steps you can take to avoid this.
• why BRRR is his favorite investing strategy and how he regrets selling a few units instead of holding on to them

5. On Thursday’s live Q&A session with Christina Barker

• Christina discussed issues she’s experienced with previous property managers.
• A strategy on how she uses bank promotional checks to assist with down payments for mortgages
• Establishing her partnership with another Better Than Success member and how they each complement one another’s strengths and weaknesses.

To see our upcoming events, visit betterthansuccess.com/events.