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: 7.750%
FHA: 7.125%
VA: 7.125%
DSCR Investment: 8.125%
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.
Reflect on your past real estate investments – properties you purchased seven years ago. How has the rent evolved since then?
The journey of real estate investing is one of delayed gratification, and currently, many are wrestling with this reality. There was a time when the opportunities seemed boundless, deals flowed, and cash flow was abundant. However, the landscape has shifted; though real estate remains promising compared to other ventures, it’s not quite the same as before.
Operating short-term or midterm rentals demands more effort, dispelling the notion of passive income. The era of effortless mailbox money is evolving into a hands-on endeavor.
Adapting to this new reality may be challenging, but remember, similar shifts in perception have occurred before in the realm of long-distance real estate investing.
Don’t forget to set a reminder in your phone that I’ll be on YouTube live tonight at 5 PM PST with Kyle. We’ll be talking about whether or not Wall Street is responsible for the housing crisis!
Come join and ask us questions!
Step into this thriving haven, where a collective of kindred spirits awaits, united by a common goal: to achieve financial liberation through the boundless industry of real estate. Brace yourself for an immersive journey that transcends the ordinary, offering unparalleled access to transformative tools, expert guidance, and unwavering camaraderie from fellow trailblazers.
Whether you’re a seasoned pro scaling higher summits or an eager seeker of wisdom, your unique path unfolds within the Spartan League. Immerse yourself in tailored coaching, personalized strategies, and invaluable insider insights that will revolutionize your real estate approach.
Embrace the indomitable spirit of the Spartan ethos, forge connections with fellow achievers, and embark on an evolutionary expedition into uncharted territories of triumph. With the Spartan League, we chart new frontiers and redefine the contours of real estate excellence.
Check out this clip from one of our mastermind calls where Kyle shared an example of a time where he needed to shift his mindset to become coachable.
I’m working on a book that talks about the ten ways to make money in real estate. We’re diving into one of these strategies today: the concept of Natural Cashflow.
While this might seem elusive in the current market, remember that real estate success isn’t just about the immediate cashflow. If it’s a challenge to attain, consider exploring other avenues. Don’t settle for a property that breaks even without potential for appreciation or growing cashflow.
Instead, consider the art of value creation. Look for properties below market value that allow you to acquire instant equity. Think about injecting value through cosmetic upgrades or expanding square footage to enhance its worth. Embrace the idea of forcing cashflow – transform a space into an ADU or leverage other creative methods.
Don’t forget the power of market appreciation, both in terms of equity and cashflow. The key is to be strategic, adaptable, and open to diverse paths to building wealth in real estate.
I’m thrilled to announce that my new book, “Pillars of Wealth: How to Make, Save, and Invest Your Way to Financial Freedom,” is hitting the shelves on October 17, 2023. To celebrate this exciting milestone, Bigger Pockets is hosting an incredible giveaway where you have a chance to win a bundle of my books, including “Pillars of Wealth”!
If you’re eager to unlock the secrets to financial freedom and learn how to make the most of your money, this giveaway is the perfect opportunity to get your hands on valuable insights and strategies.
To enter and stand a chance to win, simply click this link.
