Financing A Property For Your College Kid – Owner Occupied?
Wednesday, January 10
I have seen investors make hundreds of thousands of dollars buying properties for their college-age kids to both live in and rent out to roommates. Many of them have been so successful in fact that I now think that every agent with clients with college-age kids should aggressively push this stra...
Strong Jobs Report Pushes Rates DOWN? FHA Condo Spot Approvals
Friday, January 05
When I woke up this morning, rates were through the roof! The bond market was reacting to a very strong jobs report – that showed the unemployment rate dropping and job creation much higher than expected. Twitter/X was lit up with “victory lap” comments by supporters of the Fed and the Biden adm...
Co-Signers Are A Great Option, But Often Can’t Help
Thursday, January 04
“My mom makes $200,000 per year and is willing to co-sign for my loan, so I should qualify easily…” We hear that comment often from borrowers who are having trouble qualifying for a mortgage on their own. BUT, they are often mistaken because they are unaware that mom has a $1,100 car payment, a ...
Are Things FINALLY Turning Around For The Better?
Wednesday, December 20
“Things Are Turning Around” Barry Habib told us today in his morning update (that is behind a paywall). He pointed out that rates are finally falling consistently, existing homes were up in November (despite record-high rates when those buyers were shopping in October), and inventory is climbing...
Hurricanes, Tornadoes, Fires & Sky-High Hazard Insurance Costs!
Tuesday, December 19
Main Reason Why the Economy Boomed in the 1980s – Leg Warmers! One of the main reasons we saw an enormous economic boom in the 1980s was the invention of leg warmers! It turns out that women had been horribly constrained for centuries by cold shins and calves, and when leg warmers surfaced – BO...
Why Massive Government Borrowing Is Not Pushing Rates Higher
Friday, December 15
Facing Debt-Ageddon! EVERYONE was panicking a few months ago because the U.S. government was prepared to borrow record levels of debt to fund its record spending. We all wondered who was going to buy all that debt. And – we thought that the government would have to offer higher and higher yields ...