HOW TO LAND A JOB WITH A COVETED BROKER

You want to make a big splash in real estate. You see yourself as ‘Broker of the Year,’ but you know that relating to the right broker is critical. But landing a job with a coveted broker is not quite as easy as knocking on their door and announcing yourself. If it were, then everyone would do it. Instead, you need to…

LIMITED ENGLISH PROFICIENCY LINKED TO LOWER HOMEOWNERSHIP RATES

People living in areas with lower levels of proficiency in English have significantly lower rates of homeownership, according to a new study. Researchers at the Urban Institute, which carried out the study, said they couldn’t be sure how or why limited English proficiency affects homeownership rates, but said their research shows it’s a barrier to entry, on top of other barriers. “This…

7 QUESTIONS TO ASK HARD MONEY LENDERS

Borrowers are often required to consider every advantage and disadvantageof loans, especially those from hard money lenders. If you are considering a hard money loan, be sure to ask the following questions when speaking with a potential lender. 1. What is the Interest Rate? When dealing with hard money lenders, borrowers should certainly inquire about interest rates. Some companies will offer…

WORDS AND PHRASES THAT WILL POSITIVELY IMPACT ON YOUR CLIENTS

The way in which we phrase what we’re trying to say to people may have a big impact on our ability to win clients, according to a new study by Gong, an artificial intelligence company that performs analeytics for salespeople. In a recent study, Gong analyzed over 500,000 sales conversations to try and identify what the most effective words and phrases might…

U.S. RESIDENTIAL REAL ESTATE TODAY

Eight years later, people continue to persistently talk about the Great Recession and the residential real estate melt down. Hopefully this keen hindsight will help prevent a repeat. While there is no sign of this happening again in the near future, let’s keep an eye on what is happening today. Here are some numbers and insights from a wide variety of sources.…

THE NEW ASSISTED LIVING FACILITY BUSINESS MODEL

Most astute real estate investors are aware of the outstanding opportunity that assisted living facilities offer for decades to come as 77 million baby boomers continue retiring at the rate of 10,000 per day. The frustration is that building or purchasing a fully developed facility can easily cost more than $20 million. Sure, you can invest by purchasing shares through a REIT…

ZILLOW DATA SHOWS HOMES SOLD AT THEIR FASTEST PACE EVER IN 2017

Homes sold at their fastest pace on record in 2017, indicating that buyers this year should be prepared to move quickly if they find a suitable home they want. New data from Zillow shows it took 81 days to sell a median U.S. home in 2017, nine days faster than the year prior. The quickest selling month for the typical home was…

DIVERSYFUND LAUNCHES $50 MILLION GROWTH FUND FOR MULTIFAMILY & COMMERCIAL REAL ESTATE DEALS

DiversyFund, a crowdfunding platform recently launched a $50 million growth fund for multi-family and commercial real estate deals. Investors in the fund will own shares in a variety of real estate investments and 80% of the fund is dedicated to multifamily properties and commercial properties. Annual projected returns are between 15% and 20% and the minimum investment is $5000. This…

THE OUTDOOR FAMILY ROOM: 4 WAYS LANDSCAPING ADDS VALUE TO A HOME

Whether you are working with a buyer or a seller, your clients want a property that offers the most value for the money. Of course, many factors go into determining a home’s value, including the location, neighborhood, schools, safety, floorplan, and whether it has been updated, to name a few. But there’s another important feature that is sometimes overlooked –…

SOME CONSUMERS COULD SEE THEIR CREDIT SCORES JUMP HIGHER

Consumers with low credit scores could soon have something to cheer about with the news that the three major credit reporting agencies in the U.S. are to implement policy changes that could lift their scores. According to USA Today, the credit reporting agencies Equifax, Experian and TransUnion are set to exclude all data involving tax liens from consumer’s credit reports. The exclusion…