No down payment? No problem
That’s right, 100% financing has returned, and it’s not as crazy as it sounds. These loans are designed for people with proven income and excellent credit. They can only borrow up to $467,100, so no mega-mansions with swimming pools for Baristas. These loans are modeled off the VA loan program, which has proven to be relatively successful over the years. It goes to show that real estate is a good investment for the banks and they want to lend. It’s good for investors too, because it gets more buyers into the market.
From NFL to “house hoarder” (a.k.a. landlord)
I love the fact that real estate investors (and entrepreneurs in general) come from all backgrounds. It’s probably the most diverse industry in the world. This is a great story about a former NFL player who took a relatively small salary (by NFL standards) and turned it into long-term income through real estate. Why? Because he had a mentor in his life who invested in real estate herself. That’s the serendipity of success – being able to help others with what you have already learned.
QUOTE OF THE WEEK
“All the great things are simple and can be expressed in a single word: freedom, justice, honor, duty, mercy, hope.”
See you soon,