Join us for “Eviction Process Do’s and Dont’s” with our host Alex Deacon and guest speaker Attorney Matt Beam. We will be discussing the proper legal procedure and protocol for starting and finishing an eviction. Also we will dive into the appeal process which is now so much easier for tenants to initiate. Matt Beam has over 10 years experience in this field. Please RSVP since we only have seating for 20!
This is our most widely asked for workshop. We do this a few times a year, and it will contain the steps you can take right now with very little experience. You can implement these steps and start using them in your day to day investment journey. We will discuss and hit on a few very important ideas on how to do the following:
1. Where to look for the good RE deals
2. The ability to recognize a good deal so you are saving time and money.
3. How to quickly evaluate those deals.
4. All the traditional and non-traditional ways to find good deals, including: the MLS, agents, websites, live and online auctions, target marketing and direct mailings, signs, networking with other investors, etc.
In this super competitive sellers market, you need to be able to evaluate and make quick decisions. Otherwise, you will lose out on a lot of deals.
We will also have a guest speaker Paul Ritter who specializes in credit repair. For those who want to properly monitor their credit score, or raise it fairly quickly, then you don’t want to miss this session. For a small monthly fee, Paul and his team have helped thousands of people increase their credit score and learn how to closely monitor their score. He will speak for 20-30 minutes, and take Q & A about how our current credit system works.
We look forward to seeing everyone there! Click below to RSVP, as seating is limited!
Buying your first home is a thrill. Browsing homes online, daydreaming when driving through neighborhoods, and creating a Pinterest board to save remodeling ideas is great fun. But don’t let the excitement of buying your first home cause you to make silly mistakes.
Here are the most common and avoidable missteps for first-time homebuyers.
1. Falling in love with a home before applying for a home loan
Many first-time buyers start by looking for a home before applying for a mortgage. What happens if you actually find a home you want to buy? Without pre-approval, you have no way to make an offer on your dream home. Instead, start by applying for a home loan. That way you’ll know how much you can afford as well as have a letter of approval showing that you are a qualified buyer.
2. Going over on your budget
A little bit here and there may not cause too much harm. But going over your homebuying budget can eventually cost you your home if you’re unable to make payments. In other words, just because you were approved for a $300k home loan may not mean that you can afford the monthly payment.
Instead, consider the required monthly payment as well as how much you qualify for. Make sure that you can comfortably make the monthly mortgage payment and avoid the temptation of buying more than you can afford.
3. Rushing to move
Buying a home in 2019 is much faster than it was two years ago thanks to digital convenience, but the actual process of moving still takes time. Rushing to move could cause cost you –and the last thing you want to do is charge up your credit card or tap into your savings to cover a rushed relocation.
Instead, plan well ahead of time to save up for your downpayment, extra for buying appliances and furniture, packing supplies, a moving company or truck rental, and other “surprise” expenses for moving.
4. Being casual with credit use
One of the first things we do when you apply for a home loan is pull your credit. However, many first time homebuyers don’t realize that it’ll get pulled out again just before closing to make sure that nothing has changed. If significant changes are found, then your approval status could also change!
Instead, attempt to keep your credit the same or, if possible, improve it. Try to keep existing balances down to about 30 percent of the credit limit and make your payments on time. You also want to avoid opening new credit cards and keep your credit rotating on the ones you currently have.
5. False believe a 20 percent down payment is necessary
You don’t NEED a 20 percent down payment to buy a home. You can buy a home with 0-3 percent down. The advantage of having a 20 percent down payment is that you can avoid the cost of private mortgage insurance (a requirement if you put less than 20 percent). However, many home loan programs allow for little down, so there is no need to spend years saving for a large downpayment.
Instead, consider an FHA loan. It requires only 3.5 percent down or sometimes even zero down. If you’re a veteran or qualify for a USDA loan, there are even more perks! VA loans are for active-duty and veteran military service members as well as for their spouses. They don’t require a down payment, but a funding fee is sometimes necessary. USDA loans are meant for moderate- to low-income borrowers that want to buy homes in rural areas. There are specific eligibility requirements and some qualify for zero down.
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