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If a man is a permanent resident and his wife has a work permit A-10, are they eligible for an FHA loan as borrower and co-borrower? Thank you.
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In today’s breaking headline news for GCA Forums News for Tuesday, June 10, 2025, we will cover the latest update of the Big Beautiful Bill and the latest on Elon Musk and President Donald Trump’s feud. The Big Beautiful Bill barely passed the House by one vote and needs to pass the Senate with a majority to confirm. However, several Republican Senators are against the Big Beautiful Bill, and it does not seem likely to pass. The Bill does not seem great to Americans and has many gaps that must be addressed. Senators Rand Paul, Marjorie Taylor Green, Rick Scott, Susan Collins, and half a dozen other Republican senators are having issues voting YES to the Big Beautiful Bill. We will also cover the drama that is unfolding in Los Angeles where ICE agents and the Military were sent there by President Trump to get the illegal migrant situation under control. Governor Gavin Newsom is playing thin and dared U.S. Border Czar Tom Homan to arrest him. President Donald Trump is trying to persuade Federal Reserve Board Chairman Jerome Powell to lower rates due to the health of the housing and mortgage industries. Many Americans are losing their jobs, and the housing market is stagnant with home prices still at record highs, inflation at record highs, and mortgage rates at record highs. We will give you the latest from New York Attorney General Letitia James, Fulton County, Georgia District Attorney Fani Willis, a comprehensive overview of sanctuary cities, sanctuary states, and the left’s numerous lawsuits against President Trump. We will cover the above topics and the latest headline news for GCA Forums News for Tuesday June 10, 2025. Mortgage rates are at a high of 7.125% for prime borrowers, home prices are not dropping, housing inventory is adding up, homeowners’ insurance is escalating, and so are property taxes, making homebuyers priced out of the market. We will cover the Dow Jones Industrial Average and other market indices. We will also cover the price per ounce of Gold and Silver. Inflation is still a problem where a six-figure income was considered high, but no longer.
GCA Forums News: Tuesday, June 10, 2025
Hello readers!
- We hope you are all doing well and staying safe during these uncertain times.
- Welcome to today’s breaking headline news for GCA Forums News, covering the most pressing stories as of June 10, 2025, at 08:18 AM PDT.
- Below is a comprehensive overview of the key topics requested, including updates on the Big Beautiful Bill, the feud between Elon Musk and President Donald Trump, immigration enforcement in Los Angeles, economic pressures from the Federal Reserve and housing market, legal battles involving New York Attorney General Letitia James and Fulton County District Attorney Fani Willis, sanctuary city lawsuits, and financial market updates including the Dow Jones, gold, and silver prices.
Big Beautiful Bill Updates
- According to sources within Congress, House Speaker Nancy Pelosi announced that she will remove Congressman Adam Schiff from his Intelligence Committee post on Monday night.
- This is because of his role in trying to impeach President Donald J. Trump (Note: The author provides no source link).
- One member said, “Schiff hasn’t been charged with a crime.
- He’s not even been accused of one,” she found it “interesting” that Pelosi thinks he did something wrong… Why?
- They were blackmailing each other.
- This seems like an interesting development, considering how much we’ve heard about corruption in Ukraine these past few years…
Elon Musk Vs. Donald Trump
- Did you know Elon Musk moved his company from California to Texas?
- I’ll tell you how President Donald Trump influenced this decision.
Immigration Enforcement In LA
- The Department of Homeland Security (DHS) ‘s Immigration & Customs Enforcement (ICE) says it arrested over three thousand people last week alone who had previously been released into U.S communities.
- This is because local jail officials refused to hold them for ICE, despite many having committed serious crimes.
- In January 2019, Texas Attorney General Ken Paxton’s office announced they filed a lawsuit against Harris County and its sheriff, Ed Gonzalez, which has one of the highest illegal alien populations in America.
Market Update: Dow Jones, Gold, Silver
- According to Fox Business News, the DJIA was down 116 points at closing yesterday.
- However, the DJIA recovered some losses after hours due to renewed rumors about potential stimulus measures from central banks worldwide.
- Meanwhile, spot gold prices briefly slipped below $1k per ounce before rebounding late Wednesday afternoon.
- At the same time, palladium remained under pressure following recent supply disruptions.
- This caused the metal’s accessibility gap to widen even further between its physical market price and future delivery month contracts, such as COMEX, which is why many investors are looking at purchasing this precious metal now instead of waiting until later when it could become scarce.
- Once again, it is because there may not be enough inventory left.
The Big Beautiful Bill: Struggling in the Senate
- Just a week ago, on May 22, 2025, the One Big Beautiful Bill narrowly won the House of Representatives with just one vote.
- The bill is an all-encompassing tax-and-spending legislation that extends the provisions of the Tax Cuts and Jobs Act of 2017, introduces new tax breaks such as no taxes on tips and overtime pay until 2028, strengthens border security, ends green energy subsidies, and mandates work requirements for Medicaid and SNAP benefits.
- However, it has generated controversy over its projected $2.4 trillion increase in the federal deficit over the next decade.
- According to Congress’s Budget Office (CBO) estimates, it could leave almost eleven million Americans without healthcare coverage.
Senate Challenges:
Republican Opposition:
- Several Republican Senators, including Rand Paul (R-KY), Ron Johnson (R-WI), Rick Scott (R-FL), and Susan Collins (R-ME), have committed to voting “no”.
- This is because they are worried about this bill’s $4 trillion increase in the debt limit, pushing it to $36 trillion.
- Senator Marjorie Taylor Greene (R-GA), usually allied with Trump, also has reservations about it.
- She has mentioned nothing about small business protections, but there has been a lot of talk about border security.
- The American public is divided in its opinion about the bill.
- Some feel it is a subsidy to wealthy individuals and corporations while leaving behind many middle-class Americans grappling with healthcare costs and economic hardships.
- The bill needs a simple majority approval from the Senate.
- Currently, it does not have enough support even among Republicans unless some major changes take place.
Elon Musk and President Donald Trump: A Public Feud
The relationship between President Donald Trump and billionaire Elon Musk, previously characterized as a close friendship, has become an open feud.
- Musk was instrumental in helping Trump win the 2024 election by running his “Department of Government Efficiency” (DOGE) alongside Vivek Ramaswamy.
- Still, the two men have clashed over policy priorities and political influence within government circles.
- There have been recent developments in this regard.
- Matters got worse when Musk publicly criticized Big Beautiful Bill on X, describing it as “a bloated mess” that did not address government waste.
- This was followed by an outburst by Trump during a press conference at Mar-a-Lago, during which he accused Musk of going beyond his advisory role and suggested likely regulatory actions against Tesla or SpaceX.
- Comments on X were mixed, with some supporting Musk’s demand for fiscal responsibility.
- In contrast, others viewed him as undermining Trump’s goals.
Implications
- The consequences of this feud are huge for DOGE if it hopes to streamline federal agencies as promised in its campaigns.
- If this standoff continues, analysts speculate that Musk’s influence on the administration may fade even as X continues to be a powerful tool for shaping public discourse.
Los Angeles Immigration Crackdown: Trump vs. Newsom
- Trump has sent ICE agents and military personnel to Los Angeles, where he claims illegal migration is “out of control.”
- This was followed by his appointment of Tom Homan as U.S. Border Czar, who would oversee mass deportation efforts targeting 11-20 million undocumented immigrants.
Governor Newsom’s Response
- California Governor Gavin Newsom has been defiant, challenging Homeland Security to arrest him for non-compliance with federal immigration enforcement.
- He has pledged to defend California’s sanctuary state designation based on state laws limiting cooperation with ICE.
- This prompted a stalemate with Los Angeles Mayor Karen Bass, who refused to abide by the federal orders.
Public Reaction
- Protests have erupted in Los Angeles, with clashes between pro-immigrant groups and law enforcement being reported.
- The X posts show strong division among users; while some support Trump’s crackdown, others accuse him of overreaching his mandate.
- It is still a tense situation and might get worse soon.
Economic Pressures: Federal Reserve, Housing, and Inflation
- A stagnant housing market has negatively impacted prime borrowers’ mortgage rates, reaching their highest levels at 7.125% in two decades.
- This development has increased the burden on an already troubled housing market.
Housing Market Crisis:
- Today, the prices of houses are still very high, and there is little or no affordability, as the median home price in America is $425k.
- Rising homeowners’ insurance costs, property taxes, and low housing inventory can also contribute to the lack of affordable homes.
- Additionally, job losses in tech, retail, and manufacturing sectors have worsened the situation where earning a six-figure salary is no longer enough for middle-class stability.
Inflation:
- High energy and food costs continue to fuel persistent inflation, with the Consumer Price Index (CPI) up by 4.2% YoY.
- Trump wants rate cuts to jumpstart economic growth.
- Still, Powell argues that this could destabilize monetary policy, explaining his resistance to such calls for rate cuts.
- Posts from X users vented their frustrations about not surviving due to increasing living costs and stagnant wages.
Legal Battles: Letitia James, Fani Willis, and Sanctuary Law
- In addition to a lawsuit by New York Attorney General Letitia James, Fulton County District Attorney Fani Willis is also suing President Trump.
- Some sanctuary states and cities are also filing lawsuits against the president’s immigration policies.
Letitia James:
- The New York attorney general is pursuing a $454 million civil fraud case against Donald Trump for allegedly misrepresenting his net worth to obtain favorable loans.
- Trump’s legal team has filed appeals, arguing that the charges are politically motivated.
- Judging from recent court filings, the trial may not end until 2025.
Fani Willis:
- In Georgia, Fani Willis initiated an election interference suit against Donald Trump, focusing on his actions during the most recent presidential election.
- However, there has been some conflict over whether or not Willis can remain neutral in this matter, even though she has maintained her position as the case prosecutor so far.
Sanctuary City Lawsuits:
- Sanctuary cities like Chicago, San Francisco, and New York City, as well as states such as California and New York, have sued Trump over his immigration policies, including using military personnel for deportation purposes.
- These cases claim that federal acts infringe on state sovereignty and local laws.
- Oral arguments will be heard at the Supreme Court in early 20
Financial Markets: Dow Jones, Gold, and Silver
Dow Jones Industrial Average:
- The Dow closed at 42,150 on June 9, 2025, down 2.3% from last week as investors worried about inflation and the blowback from Big Beautiful Bill’s spending spree.
- The S&P 500 and Nasdaq also saw declines, down 1.8% and 2.1%, respectively.
Gold and Silver Prices:
- Gold is trading at $2,650 per ounce year to date (YTD), up five percent due to fears of inflation, among other factors contributing to geopolitical uncertainty.
- Meanwhile, silver trades at $31.50 per ounce YTD, up three percent, as investors seek safe-haven assets.
Sanctuary Cities and States: An Overview
Trump’s immigration crackdown has brought sanctuary cities and states that limit cooperation with federal immigration enforcement into the limelight. Key sanctuary jurisdictions include:
Cities:
San Francisco, Los Angeles, Chicago, New York City, Seattle, and Washington, D.C.
States:
California, New York, Illinois, Oregon, Washington
These jurisdictions have enacted laws restricting local law enforcement agencies from cooperating with ICE, which led Trump to threaten them with funding cuts. Sanctuary states argue that this is an overreach by the federal government, which violates their rights according to the Tenth Amendment, leading to legal battles between them and departments such as the Justice Department.
Closing Notes
Today’s news highlights the deepening political and economic divides in the U.S. The uncertain fate of the Big Beautiful Bill, the Musk-Trump feud, and the Los Angeles immigration standoff all highlight the Trump administration’s challenges. Economic pressures, from high mortgage rates to continued inflation, continue to strain American families, while legal battles and sanctuary city disputes continue to add to the national tension. Keep an eye out for more updates on GCA Forums News.
https://www.youtube.com/watch?v=ZT1p4NNI6jI
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This discussion was modified 4 days, 1 hour ago by
Gustan Cho.
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My brother and I am interested more about investing in mobile home parks. I am open in anywhere in the United States. I have interest in knowing what it takes to invest in mobile home parks for a new investor. My experience is in real estate fix and flips and holding apartment buildings. I have a small portofio of single family homes and six apartment buildings totalling 100 units. I do have equity in my properties so I can tap into the equity of my rental properties or sell some. I like to know more about investing in mobile home parks, the pros and cons, the headaches, what to look out for, and suggestions for first time mobile home park investors. I am interested in knowing about financing mobile home parks and how competitive the mobile home park market is. Thank you in advance.
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John Travolta and Olivia Newton John , You Are The One That I Want.
https://www.facebook.com/share/v/15HfqsJ4cz/
facebook.com
John Travolta And Olivia Newton John - You're The One That I Want
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The Village People perform at President Elect Donald Trump pre-Inauguration Celebration Party. At the conclusion of his Victory Rally in Washington, D.C., the Village People played President-elect Trump’s campaign anthem, “YMCA,” and Trump broke out his viral dance moves.
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more.
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People normally hear about the nasty people in the media.
The public normally don’t hear about the true heroes in life. Generous humble people who help others from the kindness of their hearts and not for selfishness or they help because they expect something back on return. Barron Trump is one of those people. Barron Trump was raised the right way by First Lady Melania Trump and President Donald Trump.
Humble waiter explore his experience when he serves the son of a president. He gets emotional on realizing a note Barron left at table. The story show the power of being humble and kind to everyone regardless of their situation.
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Comprehensive Overview of Daily National Mortgage, Real Estate, and Business News including mortgage rates, housing starts, unemployment, and interest rate forecast for Thursday January 8th 2025. As of Thursday, January 9, 2025, we will provide an overview of what has happened in the U.S. mortgage market or the real estate and business sectors. We will also share any updates concerning mortgage rates, housing starts, unemployment rates, and interest rate projections.
Mortgage Rates:
Current Trends:
- The average yield on 30-year fixed-rate mortgages has spiked to 6.93 percent, marking the fourth consecutive week of increase and hitting its highest since early July.
- This rise is closely associated with the climbing yields on 10-year Treasury bonds in the U.S., which were at 3.62% mid-September but reached a peak at 4.66% currently.
- Heightened mortgage rates and soaring home prices are increasing housing affordability pressures on potential buyers.
Housing Market
Housing Starts:
- The housing market saw a significant slowdown, as December recorded the most substantial season deceleration in almost two years.
- It took an average of 70 days for homes to sell in December, marking the slowest December period in five years.
- This trend can be mostly attributed to higher mortgage rates that discourage potential buyers from buying a home or selling their current ones.
- Also, housing inventory decreased by 8.6% in November, representing the biggest monthly decline since January 2023.
Homebuilder Sentiment:
- U.S. homebuilders’ shares have fallen due to concerns about protracted high interest rates and prospective policy changes under Trump’s administration, such as increased tariffs and mass deportations that could raise construction costs.
- Since November, the S&P500 Homebuilding Index declined by 17.3%, reaching its lowest level since July.
Employment Data
Unemployment Claims:
- The labor market has remained robust, with new jobless benefit applications falling to eight-month lows.
- Initial claims fell by 9,000 to a seasonally adjusted 211,000 for the week ending December 28.
- This indicates that layoffs are decreasing and that labor market strength is being maintained.
Interest Rate Forecast
Federal Reserve Policy:
- Financial markets are becoming more skeptical of Federal Reserve interest rate cuts in 2025.
- High inflation rates above the Fed’s 2% target and better-than-anticipated economic performance could mean the tight monetary policy can continue.
- Market sentiment shows a 15% probability of no change in rates this year, up from last month’s figure of 4%.
Economic Outlook
Growth Projections:
- The U.S. economy has shown resilience, with growth rates pegged at 2-3%.
- However, there is speculation over a possible slowdown as high interest rates affect sectors such as construction and mortgage applications.
- Yet, despite these concerns, consumer spending and investment have been largely stable.
Implications for Stakeholders
Homebuyers and Sellers:
- Elevated mortgage rates and home prices continue to challenge affordability, potentially deterring prospective buyers or influencing sellers’ decisions.
- Homeowners are advised to delay refinancing until the rates reduce, while others should focus on making home improvements that increase equity.
Investors and Businesses:
- The current economic landscape is characterized by high interest rates coupled with policy uncertainties that may impact investments, especially in the housing and construction sectors.
- Stakeholders must closely monitor policy developments and market trends to inform strategic planning.
The U.S. real estate and mortgage markets face complex terrain characterized by rising mortgage rates, cooling housing markets, robust employment figures, and an uncertain interest rate outlook. Under these constantly changing conditions, stakeholders are advised to be informed and cautious while making decisions.
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How hard is difficult to finance a boat and yacht? What is the maximum debt-to-income ratio you need to finance a boat or yacht? What is the maximum term can I get a yacht amortized for? `0,15, 25, 30 years? What credit score is required to finance a boat or yacht? Can you get a 30 year amortization on financing a %700,000 yacht? Where do I go for financing a boat or million dollar yacht?
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I built a manufactured home from ground up in 2017. Beautiful home, with garage on concrete foundations on five acres. You cannot tell it is a manufactured home and more like a custom stick built home. This is the scenariou:
1. Aprraisal came in at $210,000.
2. I needed a $225,000 appraisal.
3. Now I am over debt to income ratio.
4. Credit Scores: Middle FICO is 660
5. Wanted to pay off outstanding debts including cars with the proceeds of the refinance.
6. Got a conditional loan approval at $210,000,
Anyone have any ideas on what I can do to make the cash-out refinance work? I cannot add a non-occupant co-borrower because it is an FHA loan and HUD does not accept non-occupant co-borrowers on cash-out refinace. I cannot get a piggyback 80-19-10 because all non-QM and traditional mortgage lenders in the United States do not allow second mortgages or HELOCs on manufactured homes. It would have to go conventional loan if there was a second mortgage lender that would allow a second mortgage on manufactured home? Any ideas would be so very much appreaciated.
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Ate you planning on buying a puppy and introducing to your adult dog in your household?
https://www.facebook.com/share/r/VSvuREwFkMsm3TJf/?mibextid=D5vuiz
facebook.com
Introducing your puppy to your adult dog. #puppytraining #puppytrainer #DogTraining #dogtrainingtips #professionaldogtrainer #dogtraineroftiktok #dogt. Asong Brothers · Audio asli
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There are thousands of news reports Joe Biden is DEAD and has been dead since 2019. There’s also reports that Jim Carrey is Joe Biden’s Body double. Whether it’s true or a conspiracy theory, there are videos of Joe Biden’s mask being shuffled around during and/or after a press conference on multiple occasions. We will continue on with this weird story or conspiracy theory until we get to the truth.
forbes.com
Jim Carrey Responds To Bizarre MAGA Theory Claiming That He Is Joe Biden
A viral video shows a Trump supporter claiming Jim Carrey is actually Joe Biden, wearing a lifelike mask.
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Here’s a documentary about the life and tragedy of Michael J. Fox. Michael J. Fox suffered from Parkinson Disease.
https://youtu.be/ursk48LfS0g?si=yKhhcyoWbk3CoaRw
youtu.be
The Tragedy Of Michael J. Fox Is Beyond Heartbreaking
The Tragedy Of Michael J. Fox Is Beyond HeartbreakingThe story of Michael J. Fox is one filled with triumphs and tragedies, a testament to all that he went t...
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Can someone please explain what it means when a lender or finance company does a FORCE PLACED INSURANCE on the borrower? What does FORCE PLACE INSURANCE MEAN? HOW DOES FORCE PLACE INSURANCE WORK? WHAT IS THE PROCESS OF FORCE PLACED INSURANCE? HOW MUCH IS THE PREMIUM OF FORCED PLACED INSURANCE? DOES THE LENDER GET A KICK BACK ON FORCE PLACED INSURANCE FROM THE INSURANCE COMPANY?
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Gustan Cho is the President of Mortgage Sensei and the CEO of Lending Network Inc. Both positions place him at the helm of influential financial organizations within the mortgage and lending industry. Here’s a bit more about each of these roles and the respective organizations:
Gustan Cho
- Role: President
- Focus: Gustan Cho is likely to provide mortgage solutions, consulting, and educational resources for consumers and industry professionals.
- Services: The organization may offer various services, including mortgage brokerage, loan origination, and mortgage education.
Lending Network Inc.
- Role: CEO
- Focus: Lending Network Inc. operates as a comprehensive lending service provider. It may offer various loan products, including residential mortgages, commercial loans, and other financing solutions.
- Services: The company likely provides financial products and services aimed at helping individuals and businesses secure the funding they need. This can include everything from personal loans to large-scale commercial financing.
Contributions and Impact
- Leadership: As a leader in these organizations, Gustan Cho plays a key role in strategic decision-making, business development, and overseeing daily operations.
- Industry Influence: His positions suggest a significant influence in shaping the direction of mortgage lending practices and policies within the industry.
Contact and Further Information
- For more detailed information about Gustan Cho’s work and the services offered by Mortgage Sensei and Lending Network Inc., it would be beneficial to visit their respective websites or professional profiles on business networking sites like LinkedIn.
Unfortunately, detailed information about Gustan Cho’s work and the services provided by Mortgage Sensei and Lending Network Inc. may not be readily available in the public domain. If you require more precise details or wish to contact these organizations directly, consider reaching out through their official websites or professional contact channels.
Visit us at Lending Network, Inc. https://lendingnetwork.org/
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This discussion was modified 3 months, 1 week ago by
Sapna Sharma.
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This discussion was modified 3 months, 1 week ago by
Sapna Sharma.
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This discussion was modified 2 months, 3 weeks ago by
Sapna Sharma.
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This discussion was modified 2 months, 3 weeks ago by
Sapna Sharma.
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Ed Why is the U.S. Currency becoming worthless? Why is the world no longer considering the U.S. Dollar the premium Currency of the free World? Why is the United States
losing respect from the free world? Why is Joe Biden no respect and thought of as an idiot. Why is Kamala Harris not respected as the Vice president of the United States of America
. Why is Kamala Harris referred to as an idiot. What did Kamala Harris do that people around the world refer her as a slut and whore. Who is Big Mike? Why is Barack Obama referred to as gay? Is Barack Obama gay? Is Michelle Obama a man?
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Senator John Kennedy slams Joe Biden for ruining the United States economy. Joe Biden keeps on repeating he drove inflation down from. 9% to 3% and created jobs, infrastructure, and stability for Americans which are blatant lies..
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Kevin Hart is one of the funniest comedians today
https://www.facebook.com/share/r/ZdLBaPY5JiYuChFS/?mibextid=D5vuiz
facebook.com
Poor Kevin... #kevinhart #dwaynejohnson #jimmyfallon #viral #fyp | | live_n_moments · Original audio
Poor Kevin... #kevinhart #dwaynejohnson #jimmyfallon #viral #fyp. live_n_moments · Original audio
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My family is interest in getting out of the single family and multi-family home rental investment and getting more into investing in an RV campground, mobile home park, or storage facility. Is an RV Park a good investment? I have heard from business associates and other indirect investors that RV parks are a high-yielding investment with little downside. What type of return would be a good yield on an RV park investment and what type of capital do you need to get started. How is financing rates, terms, and conditions? Can a new investor get financing on an RV Park? What do you suggest to keep an eye on and what are the steps to go about shopping for RV Parks that is on the market? Are there business brokers that specialize in RV Parks? Do you suggest developing an RV PARK by buying land and starting from scratch or buying an existing RV park that is cash flowing.
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Why did Bill Clinton and Hillary Clinton set up the Clinton Foundation? Why did Jeffrey Epstein donate millions of dollars to the Clinton Foundation and Haiti. Why did Bill Clinton frequent Haiti so much. Was Oprah Winfrey school for girls in Haiti? Was Pedophile Jeffrey Epstein the common denominator here? Here’s what Award Winning Liz Crokin has to say: