Better Than Success Real Estate News Brief for Aug 23 2021
08/23/21 • 4 min
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 12 below...
Federal judge denies landlords’ request to block CDC national eviction ban
Fannie Mae’s rental payment change worries some
https://www.housingwire.com/articles/fannie-maes-rental-payment-change-worries-some/
Biden's newest mortgage aid can cut your monthly payment by up to 25%
- On Wednesday’s event, Getting the Right Policy for Your Real Estate Property w/ Steffany Purvis. Steffany reviewed risk and insurance in real estate. She covered having the right policy for your property, umbrella policies and important things to know when insuring your property. She talked about getting add ons to your existing policy to satisfy the protection that you want for your property. One example she used is that when obtaining a builders risk policy you should ensure that the coverage protects the items or belongings inside of the property in case theft happens during construction.
- On Thursday’s live Q&A session with Jhanel Wilson, Jhanel shared her investing strategy, where she gets deals from, cashflow, risks of investing outside your state and how to avoid those risks. When investing in properties outside your state, make sure you have a team on the ground that is very experienced, disciplined, and that they are someone who knows the neighborhood and the market very well. She also discussed her tenant screening process and the most important thing to her is getting tenants that are accountable and not entitled.
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 12 below...
Federal judge denies landlords’ request to block CDC national eviction ban
Fannie Mae’s rental payment change worries some
https://www.housingwire.com/articles/fannie-maes-rental-payment-change-worries-some/
Biden's newest mortgage aid can cut your monthly payment by up to 25%
- On Wednesday’s event, Getting the Right Policy for Your Real Estate Property w/ Steffany Purvis. Steffany reviewed risk and insurance in real estate. She covered having the right policy for your property, umbrella policies and important things to know when insuring your property. She talked about getting add ons to your existing policy to satisfy the protection that you want for your property. One example she used is that when obtaining a builders risk policy you should ensure that the coverage protects the items or belongings inside of the property in case theft happens during construction.
- On Thursday’s live Q&A session with Jhanel Wilson, Jhanel shared her investing strategy, where she gets deals from, cashflow, risks of investing outside your state and how to avoid those risks. When investing in properties outside your state, make sure you have a team on the ground that is very experienced, disciplined, and that they are someone who knows the neighborhood and the market very well. She also discussed her tenant screening process and the most important thing to her is getting tenants that are accountable and not entitled.
To see our upcoming events, visit betterthansuccess.com/events.
Previous Episode
Better Than Success Real Estate News Brief for Aug 9 2021
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 11 below...
CDC issues new eviction ban for most of US through Oct. 3
Landlords can consider these alternatives to evictions amid new moratorium
Fed sees loosening credit standards as lending demand returns
https://www.americanbanker.com/news/fed-sees-loosening-credit-standards-as-lending-demand-returns
On Wednesday’s event,” Key Components to Hard Money Lending To Fix and Refinance” with Jamaal Patterson, he shared resources that will help first time home buyers, how to look for grants, how hard money lending works, house hacking, turning to co-ops and financing.
For first time home buyers, Jamaal says to use the grants if you want to get into a property, you can look for grants available in your state via a google search. When it comes to financing and you see opportunities, you can opt to use hard money applying with your EIN, also known as your Employer Identification Number.
On Thursday’s live Q&A session with Ugo (pronounced oo-go), he talked about using NACA (pronounced knack-uh), the Neighborhood Assistance Corporation of America, for one of his properties. This is a conventional mortgage company that helps with the dream of homeownership by affordable housing without looking at your credit score. He discussed the importance of putting everything in writing with your general contractor on your rehabs. Doing so will hold both you and your GC accountable to what’s going to happen and gives you security.
To see our upcoming events, visit betterthansuccess.com/events.
Next Episode
Better Than Success Real Estate News Brief for Aug 30 2021
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 13 below...
Census Shows U.S. Housing Crisis Is Worsening As The Search For Fixes Grows More Desperate
Fannie and Freddie Helping Lower Income Borrowers With a Neat New Refinance Program
Should Real Estate Investors Pay Cash for Homes Now That Mortgage Rates Are So Low?
On Wednesday’s event, How the new SEC Rules Provide More Opportunity for RE Developers with Joanna, Joanna shares SEC rules, SEC approved platforms that you can take advantage of, types of investors in the eyes of SEC and where regulations started. The two types of investors under the SEC are Accredited investors - someone that has a net worth of a million dollars or more. And, non-accredited investors - persons that do not meet the requirement of an accredited investor. It’s important to know where you belong in this. If you are a non-accredited investor and you believe that you should be an accredited investor you can complete a self-certification by having your tax attorney or CPA submit a letter verifying you have a net worth of at least a million dollars or more, not including your personal residence.
On Thursday’s live Q&A session with Joel Kraut, he shared 2 secrets to building a large portfolio in 4 years. Joel has owned 144 properties and has had thousands of tenants. His two secrets are using other people’s money and knowing who the key realtors in different markets are and making sure they know you. You should aim to be known as one of the top three buyers in the markets you invest in.
To see our upcoming events, visit betterthansuccess.com/events.
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