All Forum Posts by: Max Versteppen

Yes, if you are eligible for a VA loan, you may be able to qualify with a 524 credit score. Can I get a jumbo loan with a 524 credit score? ... Most jumbo mortgage lenders require a borrower to have a credit score of at least 680. However, there are some non-prime jumbo lenders that go down to 580.

In real estate wholesaling, a wholesaler contracts a home with a seller, then finds an interested party to buy it. The wholesaler contracts the home with a buyer at a higher price than with the seller, and keeps the difference as profit. Real estate wholesalers generally find and contract distressed properties.

If your finances haven't been significantly impacted by the coronavirus, you may decide to keep making monthly payments.

"There are some people who have no problem continuing to pay, and they don't want to have to deal with reminding themselves coming September 30 to start paying again and get it back onto autopay," says Klein.

He also points out that by waiting to make payments until October, you risk forgetting to make payments later or set up autopay again, because you're out of the habit.

As a real estate investor, one of the most important members of your team should be your attorney. A real estate attorney can help protect your business from future liabilities. The right real estate attorney should be well versed in real estate law.

Seller financing differs from a traditional loan because the seller does not give the buyer cash to complete the purchase, as does a lender. Instead, it involves extending a credit against the purchase price of the home while the buyer executes a promissory note and deed of trust in favor of the seller.

The simplest kind of real estate investment partnership is an even split where each party invests equal money and effort into the investment and gets the same rewards.

The DFW metro area has experienced smaller price gains as compared to Dallas. If we go back to historical data, the median sale price for a house in Dallas-Fort Worth rose 6.31 percent from $236,100 in November 2016 to $251,000 in November 2017, according to the data from the Texas A&M Real Estate Center.

A good cash flow, in terms of cash-zone, is anything that is between 8 to 10 percent or more. For more on cash flow property analysis and investment property analysis, start your trial with Mashvisor to use its investment property calculator!

It’s no secret the multifamily market in Dallas-Fort Worth is one of the most stable and dynamic in the country. Home to the largest multifamily pipeline in the nation, adding residents at more than three times the national average. According to Yardi Matrix, more than 45,000 apartment units have been added since the beginning of 2018. This is a direct result of the robust job growth in North Texas. Dallas-Fort Worth added 120,700 non-farm jobs in 2019. Dallas accounted for 72% of the total workforce, with 97,800 jobs added, an increase of 3.7% over the previous 12 months. Fort Worth accounted for the remaining 28%, with 22,900 jobs added, which was an increase of 2.1%.

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