Image from Pexels By Rick Tobin Over the past several years, most short-term and long-term rental property owners created the bulk of their wealth from the annual equity gains related to buying and holding their properties as values increased anywhere between 10% to 40% per year. In California Continue Reading
How Much a Home Equity Loan Can be Useful to Pay Off Credit Card Debts?
Image from Pixabay By Catherine Burke You are not alone if you have recently faced financial challenges, such as a loss of employment, significant medical bills, or a tragic incident. The majority of the world's population is affected by the COVID scenario. Over 57% of American adults, for Continue Reading
The Non-Owner, No Income (NONI) Loan Solution
Image from Pexels By Rick Tobin Are all loans second to NONI (Non-Owner, No Income) for cash flow purposes? Does your investment property give you a positive annual cash flow with or without significant vacancy rates, repairs, nonpayment of rents due to tenant moratoriums or other reasons, and Continue Reading
Forbearance Bailouts and Refinances
Image from Pexels By Rick Tobin The 2020 and 2021 years have been two of the most unusual time periods in world history, especially for the real estate sector. For example, millions or tens of millions of homeowners and tenants have been severely delinquent with their mortgage and rent Continue Reading
Limited Home Inventories & Soaring Prices
By Rick Tobin Nationwide during the first quarter of 2021, homeowners with mortgages saw their home equity jump by a staggering 20% as compared to one year earlier. The dollar amount gains for the first quarter (January 1st - March 31st) alone for homeowners across the nation amounted to a Continue Reading
Homeowners’ Financial Solutions for 2021 and Beyond
Photo by Olya Kobruseva from Pexels By Rick Tobin Between 2006 and 2014 during the depths of the Credit Crisis, there were 10 million Americans who lost their home to foreclosure over this 8-year span. Within just a few months in 2020 (March to May), we've seen almost 50% of that 10 million Continue Reading
How FHA Benefits Buyers, Sellers, and Brokers
By Rick Tobin Since 1934, FHA has insured over 34 million home mortgages nationwide. For buyers, sellers, and advising real estate brokers or other licensees, they should all learn more details about how the use of FHA mortgage loans can help each of them to buy and sell properties at potentially Continue Reading
How Deferment of Mortgage Payments May Affect Borrowers in the Long Run
By Edward Brown When Congress passed Section 4021 of the CARES Act in response to the effects of COVID-19, their intent was to help borrowers who were having problems making their mortgage payments. Little did Congress realize that they were potentially setting up borrowers for trouble in the Continue Reading
Vacation Rental Investment Opportunities
By Rick Tobin In 2019, the travel and tourism sector represented 10.4% of the global GDP (Gross Domestic Product), including vacation rental properties. Over the past 12 years back when the best known vacation rental company named Airbnb was formed in San Francisco, each consecutive year for Continue Reading
VA and FHA Mortgages & the Housing Boom (Part 2)
Military Experience Eligibility for VA Loans How does a retired or active military personnel member qualify for a VA loan based upon their military experience? * An earlier discharge date for a service-connected disability may still qualify you. ** Officers who separated from service after Continue Reading
VA and FHA Mortgages & the Housing Boom (Part 1)
By Rick Tobin The most flexible and easiest qualifying mortgage loan product in America is the VA (US Department of Veteran Affairs) mortgage loan. Between 1944 and 1966, approximately 20% of all single-family homes built or purchased were financed by the VA home loan program for active military or Continue Reading
Why now is the time to start a policy
By Gabby Darroch It really burns my biscuits when I hear people say, “I don’t want to start a policy yet because of the Coronavirus. I am not sure where the economy is going to go.” And the reason why this gets me so heated is no secret. Let’s be honest. Many people are making decisions out of Continue Reading
How to THRIVE in Real Estate in the Time of the CORONAVIRUS (Part 2)
By Victoria Kennedy, CEO of Atlas Real Estate Coronavirus Action Steps: 1) OVER COMMUNICATE WITH CLIENTS (Do not wait and put this off… if they reach out to you, it is too late.) If you have less than 20 clients, call them individually and check in with how they are doing and how their family is. Continue Reading
How to THRIVE in Real Estate in the Time of the CORONAVIRUS (Part 1)
By Victoria Kennedy, CEO of Atlas Real Estate In times of uncertainty, the person who brings the most clarity adds the most value. I know you're getting the questions about the coronavirus and what I wanted to do today is share with you some talking points that you can share with your clients Continue Reading
