Get ready for the latest updates on loan rates that will empower you to make informed decisions in the dynamic world of real estate financing.
No matter if you’re a homeowner, a first-time buyer, or a savvy real estate investor, staying up-to-date with current loan rates is essential. In this week’s update, we turn our focus to rates specifically tailored for primary residences in California, featuring a 20% down payment, $500,000 purchase price, a 30-year fixed term, LPC. The DSCR rate is tailored for an investment in California, featuring a 20% down payment, a 30-year-fixed-term, BPC. Are you ready to dive into the details? Let’s explore the rates for conventional, FHA, VA, and DSCR Investment loans, providing you with the insights you need to navigate the financing landscape effectively.
Conventional: 7.125%
FHA: 5.875%
VA: 5.875%
DSCR Investment: 8.000%
If you’re in the market for a loan and need assistance, our team at The One Brokerage is here to help. Visit our website here to explore our loan options and find the right financing solution for your real estate goals and email us at intake@theonebrokerage.com to speak to one of our loan officers.
Back in the day, real estate investing was a breeze — fewer players, less competition. If you had the funds and could secure a loan, finding a cash-flowing property in a good area almost guaranteed success. But times have changed. The secrets are out, and now everyone’s vying for the same assets. Demand still exceeds supply.
In this era of intense competition, it’s time to shift our thinking from two dimensions to three. Enter the concept of portfolio architecture. Don’t just compare properties to themselves; view them as pieces of a larger puzzle. Got a property heavy on equity but light on cash flow? Offset it with another that’s a cash flow machine but won’t grow in equity. Maintain a W-2 job, start a business, save on housing through house hacking — these are the dimensions beyond the property itself.
Make strategic decisions in your life to liberate resources for those killer deals without risking bankruptcy.
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In the world of real estate, it’s been a common narrative: focus on the income, expenses, and cash-on-cash return, and you’ve got a winner. But here’s the catch — many got tangled in bad deals, investing in the wrong places or asset classes without considering broader economic trends. The pursuit of seemingly fantastic cash flow led some to invest in hotels without understanding the industry or short-term rentals in unpopular vacation spots.
Losing your shirt on a deal is never a good idea. That’s why I emphasize three crucial factors in deal analysis:
Market Fundamentals: What’s the overall state of the market? Is it the right time to dive into real estate?
Location: The one thing you can’t change about a deal. Analyze the location thoroughly.
Equity Opportunity: Look for opportunities to add value, increase the property’s worth, or, as I like to put it, buy equity.
These principles guide me in making sound investment decisions.
Are you ready to take charge of your financial destiny in the coming year? Join us on December 20th at 3 PM PT/6 PM ET for a FREE webinar where we’ll dive into the key strategies and insights you need for successful wealth building in 2024.
What to Expect:
- Expert Guidance: I’ll share proven strategies for navigating the evolving landscape of wealth building.
- Market Insights: Gain exclusive insights into the 2024 market trends and learn how to position yourself for success in the changing economic landscape.
- Q&A Session: Get your burning questions answered during the interactive Q&A session.
Don’t miss out on this golden opportunity to kickstart your wealth-building journey in 2024. Secure your spot now, and let’s set the stage for your financial success!
