Better Than Success Real Estate News Briefing
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Better Than Success Real Estate News Brief for Oct 4 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 18 below... Home-flipping profits are shrinking, but here’s where you can net the most https://www.cnbc.com/2021/09/27/home-flipping-profits-are-shrinking-but-heres-where-you-can-net-the-most.html Mortgage Rates Will Spike If U.S. Defaults On Debt, Moody’s Report Finds https://www.forbes.com/sites/kathleenhowley/2021/09/24/mortgage-rates-will-spike-if-us-defaults-on-debt-moodys/?sh=5b0bf3de304f Fannie Mae Extends Multifamily Protections for Renters Indefinitely https://www.prnewswire.com/news-releases/fannie-mae-extends-multifamily-protections-for-renters-indefinitely-301384789.html On Wednesday’s event, Raising Private Capital to Invest in Philadelphia with Albert Wu, Albert shared that he used private money to invest in real estate for his first successful deal. He says there are 3 things to manage your reserves: Understand your financing portion Having a control of your mortgage, and Good construction management On Thursday’s live Q&A session with Hoan Thai he shared one way to increase your rental income is by doing a rehab or improving the property. He said that he did this in one of his occupied rentals and added a washer and dryer. He was able to increase the rent to the average amount his tenant spent at laundromats. He also shared that it took him years to build his line of credits. He has a mix of credit both business and personal which he started when he was 18 which now helps him when investing in real estate. To see our upcoming events, visit betterthansuccess.com/events.
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