What is interesting about this ruling is that there has never been a set rate of 6% commission concerning buying and selling Real Estate. Real Estate commissions have always been negotiable. It may have been a standard rate for many, but I have known many brokers and agents that consistently listed or was a buyers agent for less than…

Read more

DSCR loans often have longer terms, allowing for stable and predictable cash flow from the property to cover the debt service. Common terms could range from 5 to 30 years. Here is some general information concerning DSCR loans that may give you further information and understanding of the process. tps://www.mortgagelendersforbadcredit.com/dscr-loans/

Try Neighbors Home Insurance, they are in Southern Florida and I used them for many of my clients and eventually myself as they had some of the most reasonable rates as rates continued to rise. Ask them if they can get you a quote from Citizens. Hope this helps! 😇 Here is their number, 305-383-4040

Yes, FHA 203K loans are a great way to buy a home and rehab the house simultaneously. 203K loans can only be used for your primary residence. Another option that most buyers are not aware of is Fannie Mae Homestyle Conventional loans. As long as the renovation or repair adds value to the property, a Fannie Mae HomeStyle loan can be used…

Read more

The mortgage industry is struggling which causes the home buyer to struggle. There are always different ways to move forward. It is by exploring different options, becoming flexible and having the boldness and courage to learn new things, to hear different…

Read more

In an ever-changing market, you must also be strategic when considering where you may want to buy Real Estate. One way is to locate affordable Real Estate in a more affordable area when property and interest rates are high. If you cannot move due to your job, you may try to find a job in a lower-cost area or invest in a lower-priced area.

…

Read more

That says a lot about Kevin Gus, as I have never had the pleasure of meeting him but thought the world of Christian as you mentioned as well! Just such a great example of leadership!

Thank you Felix for the post about financing terms for vacant land!! Yes we do have financing for vacant land!! If you have ever tried to get a loan for vacant land in the past you know it has been next to impossible. For years I would get calls on financing vacant land and could only do it if it was an investment property. Having…

Read more

I love Mississippi and have spent some time in Pascagoula, on the coast, and in Biloxi. Great places to be looking for investment property as Mississippi has beautiful beaches and still reasonable prices compared to Florida. I see you also mentioned Elivs! I have visited the home he was born in, Tupelo, in northern Mississippi. It is as big…

Read more

That would be great, thank you Gus! Please have him call me at 407-460-7999. I have a builder that has many lots and needs financing for construction

Hi Bentley,

While you are waiting to hear back from Felix, here is an article from one of our sites on qualifying guidelines for Manufactured Homes using FHA guidelines. Hope this helps answer some questions!

FHA Guidelines on Manufactured Home Loans (gustancho.com)

Hi Julio,

This is true and thank you for reaching out on our Forums. I can talk to you about this and explain the process of how to acquire land and get financing for spec building or rehab. Here is an article I wrote last month giving some of the details on what you are asking. We also hold free webinars through out the week giving… Read more

I agree Gus, First and foremost is the state’s vulnerability to natural disasters such as hurricanes. The frequency and severity of these weather events have prompted insurers to reassess their risk exposure which ultimately translates into higher premiums for policyholders.

Additionally, Florida’s high population density puts more strain…

Read more

Yes, I agree! I have been so surprised at the newer modular homes they are building today! You have to look at some of them closely before you realize they are modular homes and not new construction. I have toured some amazing Modulars on YouTube. Just type in the search bar “modular homes or luxury modular homes.” 😃

I love this calculator and have used it for years! This can really give you accurate numbers because of the DTI feature, which is hard to find on other mortgage calculators. I put one on my website at the bottom because it is so helpful. http://www.onesolutionrealestate.com Reach out to us if you do not understand how to use it!

I am a pilot of fixed wing aircraft and can’t speak with authority regarding helicopters. However, I believe the training and skillset are rigorous and challenging and somewhat different from fixed wing aircraft. Bryan Butts Pilot

People are leaving New York for various reasons, and several factors contribute to this population shift. Understanding these factors requires a look at the social, economic, and environmental aspects that influence individuals’ decisions to relocate.

One primary reason for the outmigration from New York is the high cost of living and crime.…

Read more

Investing in California real estate can be lucrative for several reasons. However, it is crucial to consider various aspects before making any investment decisions.

Firstly, California has a robust and diverse economy, with industries such as technology, entertainment, and agriculture driving economic growth. This financial stability can…

Read more