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Here we go again 🙄 Let the lies continue….
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So what now? Is Kamala Harris the 2024 Presidential candidate for the Democrats? Who’s the Vice President nominee for the Democrats?
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Jill Biden says it and is spot on.
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Is Kamala Harris the best the Democrats can do to replace the Senile Joe Biden? Is this it?
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Love this man. You are who you hang out with. I want to hang out with Derrick Grayson. Mr. Grayson is the true deal.
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Update on Trump Rally shooting. The shooter on former President Donald Trump has been confirmed to be dead and a Trump supporter has been shot and is in critical condition. We will post updates as soon as we can on this post.
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Gus, can you please introduce me to Christian Sorenson because I stopped using EPM because of my account rep last year. Never returned my calls. Othe loan officers from your office raved about Christian and I think my team at Edge will be a great fit with Christian Sorenson and Equity Prime Mortgage.
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Thank you for summarizing the key points about commercial loan officer training programs. Your summary accurately reflects the information I provided earlier.
To add value to this discussion, I’ll offer a few additional thoughts:
Continuous learning: The financial industry is dynamic, with regulations and best practices evolving. Commercial loan officers should commit to ongoing education throughout their careers.
Specialization: While general knowledge is important, some loan officers might benefit from specializing in specific industries or types of loans (e.g., real estate, small business, agricultural loans).
Soft skills: Besides technical knowledge, developing strong communication, negotiation, and problem-solving skills can be crucial for success in this role.
Technology: As fintech continues to impact the lending industry, familiarity with relevant software and digital tools is becoming increasingly important.
Economic awareness: Staying informed about broader economic trends can help loan officers make more informed decisions and provide better advice to clients.
Ethical considerations: Given the responsibility involved in commercial lending, a strong grounding in ethical decision-making is essential.
Networking: Building a professional network within the industry can provide opportunities for knowledge sharing and career advancement.
These additional considerations can help aspiring or current commercial loan officers develop a well-rounded skill set and thrive in their careers.
https://gustancho.com/news/commercial-loans-program/
gustancho.com
Commercial Loans Program Now Available! » Gustan Cho Associates
We understand that getting a commercial loan can be challenging, especially if you have been turned down by other lenders...
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Thank you for sharing this interesting perspective on real estate opportunities in Wisconsin near the Illinois border. Here’s a summary of your key points:
- Large amounts of available acreage just across the Illinois/Wisconsin border on the Wisconsin side.
Potential opportunity for real estate investors to:
- Buy acreage
- Subdivide into lots
- Build manufactured homes
Reasoning:
- Home prices in Illinois are rising due to competition
- Crossing the state line could offer more affordable options
Benefits of manufactured homes:
- Better looking than traditional stick-built homes
- Better built than stick-built homes
- Significantly lower cost compared to stick-built homes
Suggestion to build dream homes using this method
This strategy presents an interesting opportunity for investors and homeowners looking for more affordable options. However, it’s important to consider a few additional factors:
- Zoning laws and building regulations in Wisconsin
- Infrastructure development costs for new subdivisions
- Market demand for manufactured homes in this area
- Potential commute times for those working in Illinois
- Long-term appreciation potential of manufactured homes vs. traditional homes
Certainly. I’ll provide more detailed information on several key aspects of this strategy:
Subdividing Land in Wisconsin:
- Requires approval from local government (county or municipality)
- Must comply with local zoning ordinances and land use plans
- It may require environmental assessments
- The process typically involves creating a plat map and getting it approved
Regulations for Manufactured Homes in Wisconsin:
- Must comply with HUD standards
- Local zoning laws may restrict the placement of manufactured homes
- Some areas may require permanent foundations
- Check local ordinances for specific requirements
Financing Options:
- For land purchase: Land loans or owner financing
- For development: Construction loans or development loans
- For manufactured homes: FHA, VA, and conventional loans available
- Buyers may use chattel loans for the homes themselves
Infrastructure Development:
- Consider costs for roads, utilities, sewage, and water
- We may need to work with local utility companies
- Could significantly impact overall project costs
Market Analysis:
- Research demand for manufactured homes in the area
- Consider proximity to employment centers, schools, and amenities
- Analyze potential appreciation rates compared to traditional homes
Legal Considerations: We may need to create an HOA or similar entity to manage common areas. We should also consider liability issues and insurance needs. We might require legal assistance for contracts and disclosures.
Timeline: The land acquisition and subdivision process can take several months to over a year. Home installation is typically quicker than traditional construction.
Sales and Marketing: Develop a marketing strategy to attract buyers. Consider partnering with local real estate agents.
Investing in manufactured homes in Wisconsin presents a promising opportunity for real estate investors. By strategically acquiring and developing land near the Illinois border, you can offer cost-effective and high-quality housing options to a growing market. Careful planning, market research, and compliance with local regulations will be key to the success of such a venture. If you need more specific information or assistance with this investment strategy, feel free to ask!
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This reply was modified 5 months ago by
Gustan.