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    Behind The Shine 8/4/23

    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:  7.625%

    FHA: 6.990%

    VA: 6.990%

    DSCR Investment: 8.250%

    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.

    Many folks are drawn to real estate investing because of the promises they’ve heard about achieving financial freedom and quitting their day jobs. It’s enticing to think that a few months of effort could lead to a lifetime of cash flow and independence. However, it’s important to set realistic expectations and understand the balance between short-term gains and long-term success.

    Delayed gratification is the key to sustainable wealth-building through real estate. 

    It’s like planting a seed and nurturing it over time to yield a bountiful harvest. Just as a farmer doesn’t expect a full crop overnight, real estate investors should recognize that building a thriving portfolio takes patience, strategic planning, and a willingness to make sacrifices in the present for greater rewards in the future.

    Immediate gratification, on the other hand, is seeking quick wins without considering the long-term implications. It might involve making hasty investment decisions based on hype or rushing into deals without conducting thorough due diligence. 

    While you might experience short-lived excitement, the lack of careful consideration can lead to disappointment and financial setbacks down the road.

    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 housing market predictions for 2024!

    Come join and ask us questions!

    Step into the fresh domain of the Spartan League, a haven where real estate investors converge to unleash untapped potentials and amplify aspirations.

    As part of this dynamic community, you’ll be welcomed by a tribe of kindred spirits, united by a common goal: achieving financial liberation through the vast avenues of real estate. Brace yourself for an immersive journey that transcends the norm, offering unparalleled access to transformative resources, expert mentorship, and unwavering camaraderie from fellow trailblazers.

    Whether you’re a seasoned pro striving for greater pinnacles or an eager learner thirsting for wisdom, your unique path awaits within the Spartan League. Indulge in personalized coaching, tailor-made strategies, and invaluable insider insights that will revolutionize your approach to real estate investing.

    Immerse yourself in the unbreakable Spartan ethos, forge connections with fellow achievers, and embark on a metamorphic expedition into uncharted territories of triumph. With the Spartan League, we conquer fresh frontiers and redefine the contours of real estate brilliance.

    Check out this clip from one of our mastermind calls where we talked about the sales funnel and how to turn a person into a sale.

    In my investment evaluations, cash flow takes center stage – it’s the heartbeat that drives decisions. 

    Robust cash flow can compensate for other factors, like location or immediate market value. A property generating strong cash flow can make a deal shine, even if appreciation is modest. On the flip side, if cash flow isn’t as impressive, factors like below-market value or growth potential can still make it enticing.

    It’s not a cash flow versus location battle; it’s a harmony between them. The better the cash flow, the more flexible the location can be, and vice versa. Balancing these aspects creates a resilient investment strategy that aligns with your goals, recognizing that each property holds its unique promise.

    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.

    Exciting News! I was featured in Yahoo Finance discussing the evolving landscape of real estate investing. Check out the article here.

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