Don’t get ripped off

Every week i hear on the radio about some supposed “guru” who is inviting you to a free seminar. Nothing is free. They are going to invite you to a “one day” which will be a nominal fee. Then they will invite you to a weekend for more money. At that weekend they will pitch their mentoring program for up to 50k. Unbelievable!!! If you think you are getting the guru, think again. It’s some online stuff with a “personal coach” who is making $10 an  hours regurgitating some stuff they memorized.

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HOUSING EXPECTED TO BOOM IN THE NEXT NUMBER OF YEARS

home sales upIncrease in household formations will lead to a boom in housing demand

THIS ARE SOME QUOTES FROM A RECENT ARTICLE I READ

For a while we have been hearing about 2 trends in the real estate industry that have not been good. – a declining rate of homeownership and a lack of household formation.  This is starting to change as as the huge millennial generation has reached maturity, found jobs, and moved out on their own,

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FHA changes in lending rules

ugly houseLooks like FHA lending rules are getting a little easier.

“Self-Employment Income

The changes to self-employment income policies affect calculation and documentation of business income where the borrower does not have a history of business income distributions.  The Guide has been updated to provide an alternative approach in which the lender can verify by confirming the borrower has (1) access to the business income and (2) there is adequate liquidity in the business to support withdrawal of earnings.  The previous method of verification remains in effect as an alternative lenders may use.

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