Better Than Success Real Estate News Briefing
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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 https://apnews.com/article/lifestyle-business-health-coronavirus-pandemic-us-supreme-court-d9757b5fd75f8e5411772621cffde005 Landlords can consider these alternatives to evictions amid new moratorium https://www.foxbusiness.com/personal-finance/eviction-moratorium-expires-landlords-consider-alternatives 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.
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