Learn How to Find, Fund & Flip Real Estate Notes for Huge
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The Real Estate Marketplace Glossary: How to Talk the Talk
Federal Trade Commission ftc.gov The Real Estate Marketplace Glossary: How to Talk the Talk Buying a home can be exciting. It also can be somewhat daunting, even if you’ve done it before. You will deal with mortgage options, credit reports, loan applications, contracts, points, appraisals, change orders, inspections, warranties, walk-throughs, settlement sheets, escrow accounts, recording fees, insurance, taxes...the list goes on. No doubt you will hear and see words and terms you’ve never heard before. Just what do they all mean? The Federal Trade Commission, the agency that promotes competition and protects consumers, has prepared this glossary to help you better understand the terms commonly used in the real estate and mortgage marketplace. A Annual Percentage Rate (APR): The cost of Appraisal: A professional analysis used a loan or other financing as an annual rate. to estimate the value of the property. This The APR includes the interest rate, points, includes examples of sales of similar prop- broker fees and certain other credit charges erties. a borrower is required to pay. Appraiser: A professional who conducts an Annuity: An amount paid yearly or at other analysis of the property, including examples regular intervals, often at a guaranteed of sales of similar properties in order to de- minimum amount. Also, a type of insurance velop an estimate of the value of the prop- policy in which the policy holder makes erty. The analysis is called an “appraisal.” payments for a fixed period or until a stated age, and then receives annuity payments Appreciation: An increase in the market from the insurance company. -
Dealing with Gentrification
Comparative Gentrification Policy Displacement, Housing Instability, and Homelessness University of Pennsylvania, School of Design, Department of City Planning CPLN-702 Planning Studio This working paper was completed by Marcus Artusio, Zoe Axelrod, Brett Davis, Danielle Dong, Claudia Elzey, Joanna Joye, Alana S. Kim, Justine Kone, Gabriella A. Nelson, Katherine Randall, and Alexandra San Roman as part of the University of Pennsylvania's City & Regional Planning Fall Studio, 2017. TABLE OF CONTENTS ABSTRACT 2 INTRODUCTION 3 LITERATURE REVIEW 5 METHODOLOGY 14 CITY-BY-CITY FINDINGS 16 Denver 17 Los Angeles 22 New York City 26 San Francisco 30 Seattle 34 Summary of Patterns 39 STRATEGIES FOR LOCAL AND NATIONAL POLICY 46 Policy Development 46 Local Policy Toolkit 47 Local Goals 48 NEED FOR A NATIONAL URBAN POLICY 53 NATIONAL POLICY AGENDA 55 Right to Housing 55 Gentrification Index 55 Expansion of the Social Safety Net 56 CONCLUSION 57 APPENDICES 59 A. Recent Policies in Case Study Cities 59 B. Detailed Information of Proposed Policies 60 ENDNOTES 91 ABSTRACT Gentrification—a form of neighborhood change in which an influx of capital into urban neighborhoods prompts a shift in socioeconomic demographics and an improvement of public space—too often benefits newcomers to the detriment of long-term residents and communities. This phenomenon is the latest in a series of forced displacements of the United States’ most vulnerable populations, who can face housing instability and homelessness as a result. This paper investigates the conditions of five case study American cities — Denver, Los Angeles, New York, San Francisco, and Seattle — to illustrate the commonalities of this country’s most at-risk neighborhoods, as well as to distinguish the diverse local variables that influence the causes and consequences of gentrification. -
An Overview of Commercial Mortgage Backed Securitization: the Evd Il Is in the Details Alan Kronovet
NORTH CAROLINA BANKING INSTITUTE Volume 1 | Issue 1 Article 19 1997 An Overview of Commercial Mortgage Backed Securitization: The evD il Is in the Details Alan Kronovet Follow this and additional works at: http://scholarship.law.unc.edu/ncbi Part of the Banking and Finance Law Commons Recommended Citation Alan Kronovet, An Overview of Commercial Mortgage Backed Securitization: The Devil Is in the Details, 1 N.C. Banking Inst. 288 (1997). Available at: http://scholarship.law.unc.edu/ncbi/vol1/iss1/19 This Comments is brought to you for free and open access by Carolina Law Scholarship Repository. It has been accepted for inclusion in North Carolina Banking Institute by an authorized administrator of Carolina Law Scholarship Repository. For more information, please contact [email protected]. An Overview of Commercial Mortgage Backed Securitization: The Devil Is in the Details I. INTRODUcTION "Commercial real estate is income-producing properties that are managed for economic profit,"' such as apartments, shopping centers, hotels, restaurants, warehouses, and offices.2 It is estimated that an excess of one trillion dollars in outstanding loans is secured by com- mercial real estate.3 Commercial real estate lending is the latest financing arrangement to use securitization as an alternative financ- ing structure. Securitization is the process by which financial assets that gener- ate a cash flow, such as home mortgages, automobile loans, credit card receivables, tax liens, or commercial real estate loans, are con- verted into securities -
Real Estate Investing Overview
Real Estate Investing Overview 18301 Von Karman, Suite 330, Irvine, CA 92612 Phone: 800-208-2976 Fax: 949.37.6701 [email protected] Fix and Flip Real Estate Investing Overview Getting Started Wholesaling: Wholesaling is a great way to get started if you are short on experience and/or funds. With wholesaling, your objective is to enter into purchase contracts at an attractive enough purchase price that you can assign your purchase contract to someone who is willing to pay you a premium to your contract purchase amount for the opportunity to purchase the property. Partnering: Partnering with an experienced fix/flip investor is a great way to learn the business with less risk. Your partner will likely want to share in any profits but the potential savings of avoiding snafus may be more than worth any shared profits. Fix and Flipping: The potential profits of going it alone and purchasing, repairing and reselling your own investment property are the greatest, but so are the potential risks. How to Obtain the Money to Flip Houses Do you want to start flipping houses but don’t know how you are going to access the money you need? Check out these options to find the cash to begin flipping houses: Home Equity Loan: You can utilize the equity in your primary residence to flip houses. If you don’t have enough equity in your home to purchase an investment property outright you can leverage your home equity into buying one, or more deals with a traditional or private money lender. Credit Cards: Be cautious when using this method because it’s easy to get over extended. -
Mortgage Note
NOTE Date City State Property Address 1. BORROWER’S PROMISE TO PAY In return for a loan that I have received, I promise to pay U.S. $ (this amount is called “Principal”), plus interest, to the order of the Lender. The Lender is . I will make all payments under this Note in the form of cash, check or money order. I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the “Note Holder.” 2. INTEREST Interest will be charged on unpaid principal until the full amount of Principal has been paid. I will pay interest at a yearly rate of %. The interest rate required by this Section 2 is the rate I will pay both before and after any default described in Section 6(B) of this Note. 3. PAYMENTS (A) Time and Place of Payments I will pay principal and interest by making a payment every month. I will make my monthly payment on the day of each month beginning on . I will make these payments every month until I have paid all of the principal and interest and any other charges described below that I may owe under this Note. Each monthly payment will be applied as of its scheduled due date and will be applied to interest before Principal. If, on , 20 , I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the “Maturity Date.” I will make my monthly payments at or at a different place if required by the Note Holder. -
Chapter 2 Tenant Screening Legal Tactics: Tenants' Rights in Massachusetts Eighth Edition, May 2017
Chapter 2 Tenant Screening Legal Tactics: Tenants' Rights in Massachusetts Eighth Edition, May 2017 Tenant Screening - Pullout ....................................................... 23 Tenant Screening Agencies & Reports ...................................... 25 1. What Is a Tenant Screening Report 2. What Is a Credit Report 3. How to Correct Errors or Old Information on a Credit or Tenant Screening Report 4. How to Repair Bad Credit 5. Improve Your Chances of Getting Housing Rental History ......................................................................... 29 Eviction History ...................................................................... 30 Criminal Records and Your Rights ........................................... 30 1. Who Can Get Access to Criminal Records 2. What You Can Do to Protect Your Rights Employment and Income ......................................................... 33 Discrimination ......................................................................... 33 Protections for Survivors of Domestic Violence ........................ 33 1. All Housing 2. State Housing Assistance 3. Federal Housing Assistance Background Checking Fees ...................................................... 34 Chapter 2: Tenant Screening ▲ 21 22 ▲ Chapter 2: Tenant Screening Pullout 2 Tenant Screening Tenants’ Rights in Massachusetts When you are looking for an apartment it is How Landlords Screen important to understand how landlords screen tenants. They screen tenants in different ways. Credit reports Landlords want to know if tenants -
Center for REALTOR® Development Launches Real Estate Investing
Fact Sheet: Center for REALTOR® Development Launches Real Estate Investing Online Course Center for REALTOR® Development is pleased and proud to announce the launch of a new six-hour (one-day) online course called Real Estate Investing: Build Wealth Representing Investors and Becoming One Yourself. This course looks at how practitioners can adapt core skills and learn new skills to serve clients who want to invest in a variety of residential property types. The course covers how to work with investors as they set goals, plan, evaluate, and acquire properties—as well as manage them. Students will also learn how to become real estate investors themselves. The needs of real estate investors differ greatly from those of consumer homebuyers and sellers. Insight into how investors think, strategize, and plan is essential for growing this part of your business. Real estate professionals who want to capture a portion of the investment market need to recognize these differences and adapt their skill sets to broaden their knowledge base. The most critical skills that learners will acquire by taking this course include: the ability to expand their market to include investors; take their own knowledge of their own market and turn that into an advantage and an investment for themselves; and understand the profile of investor clients and learn how to prospect for them. The course is divided into seven broad subject areas: Why Invest in Real Estate? How To Work with Investor Clients Lead Conversion Making the Purchase Decision Financing Options and Tax Issues Owning the Property Investing as a Real Estate Professional The skills taught in this course are important in today’s market because sales to investors represent approximately 20% of all real estate transactions. -
Mortgage-Backed Securities & Collateralized Mortgage Obligations
Mortgage-backed Securities & Collateralized Mortgage Obligations: Prudent CRA INVESTMENT Opportunities by Andrew Kelman,Director, National Business Development M Securities Sales and Trading Group, Freddie Mac Mortgage-backed securities (MBS) have Here is how MBSs work. Lenders because of their stronger guarantees, become a popular vehicle for finan- originate mortgages and provide better liquidity and more favorable cial institutions looking for investment groups of similar mortgage loans to capital treatment. Accordingly, this opportunities in their communities. organizations like Freddie Mac and article will focus on agency MBSs. CRA officers and bank investment of- Fannie Mae, which then securitize The agency MBS issuer or servicer ficers appreciate the return and safety them. Originators use the cash they collects monthly payments from that MBSs provide and they are widely receive to provide additional mort- homeowners and “passes through” the available compared to other qualified gages in their communities. The re- principal and interest to investors. investments. sulting MBSs carry a guarantee of Thus, these pools are known as mort- Mortgage securities play a crucial timely payment of principal and inter- gage pass-throughs or participation role in housing finance in the U.S., est to the investor and are further certificates (PCs). Most MBSs are making financing available to home backed by the mortgaged properties backed by 30-year fixed-rate mort- buyers at lower costs and ensuring that themselves. Ginnie Mae securities are gages, but they can also be backed by funds are available throughout the backed by the full faith and credit of shorter-term fixed-rate mortgages or country. The MBS market is enormous the U.S. -
Technology and the Future of Real Estate Investment Management
Technology and the Future of Real Estate Investment Management PI LABS X OXFORD FUTURE OF REAL ESTATE INITIATIVE: TECHNOLOGY AND THE FUTURE OF REAL ESTATE INVESTMENT MANAGEMENT 2 Contents Foreword 03 Executive summary 04 Introduction: the global property investment universe 07 Issues for the industry 08 The Investment Manager of the future 10 Technology and investment managers 13 Roundtable findings 16 The data standardisation problem 18 Start-up market map 22 Distribution and investor management 23 Capital raising 24 Investor relations and reporting 26 Operations, compliance, finance and fund structuring 27 Performance analysis 29 Manufacturing and the investment process 31 Sourcing 32 Appraisals 34 Negotiation 37 Transactions (acquisitions and disposals) 38 Portfolio management 39 Asset management 40 Conclusions 43 References 45 Figures 46 Tables 47 PI LABS X OXFORD FUTURE OF REAL ESTATE INITIATIVE: TECHNOLOGY AND THE FUTURE OF REAL ESTATE INVESTMENT MANAGEMENT 3 Foreword Against the macro-economic backdrop of climate change, rapid urbanisation and now COVID-19, the industry is facing challenges it has never seen before. Understanding how to negotiate these challenges will require collaboration, new industry standards and the application of technology. Those real estate investment managers best able to weather this storm will be those who are most innovative and best at adopting emerging technologies. While it is clear that the real estate investment management sector is at the beginning of a process of digital transition, there are many barriers inhibiting the widespread application of technology. This is most likely due to the lack of a regulatory framework and industry standards regarding the ownership and sharing of digital data, as well as a lack of knowledge of the available solutions. -
Chapter 90 TITLE 10 PROPERTY RIGHTS and TRANSACTIONS
Chapter 90 TITLE 10 PROPERTY RIGHTS AND TRANSACTIONS Chapter 90. Residential Landlord and Tenant 91. Tenancy 92. Subdivisions and Partitions 93. Conveyancing and Recording 94. Real Property Development 95. Fraudulent Transfers and Conveyances 96. Line and Partition Fences 97. Rights and Duties Relating to Cemeteries, Human Bodies and Anatomical Gifts 98. Lost, Unordered and Unclaimed Property; Unlawfully Parked Vehicles 99. Property Removed by High Water 100. Condominiums 101. Continuing Care Retirement Communities 105. Property Rights __________ Chapter 90 1999 EDITION Residential Landlord and Tenant GENERAL PROVISIONS 90.100 Definitions 90.105 Short title 90.110 Exclusions from application of this chapter 90.115 Territorial application 90.120 Applicability of other statutory lien, tenancy and rent provisions; applicability of ORS 90.100 to 90.450 and 90.505 to 90.840 90.125 Administration of remedies; enforcement 90.130 Obligation of good faith 90.135 Unconscionability 90.140 Types of payments landlord may require or accept 90.145 Tenant or applicant who conducts repairs, routine maintenance or cleaning services not employee of landlord; restrictions 90.147 Delivery of possession 90.148 Landlord acts imply acceptance of tenant abandonment or relinquishment of right to occupy SERVICE OR DELIVERY OF NOTICES 90.150 Service or delivery of actual notice 90.155 Service or delivery of written notice 90.160 Calculation of notice periods CONTENT OF AGREEMENTS 90.240 Terms and conditions of rental agreement; rent obligation and payment 90.243 -
Private Mortgage Notes for Sale
Private Mortgage Notes For Sale clerkingBernard orenthusing closure smooth.her subjectivist Someplace insolently, hemizygous, she retitled Kostas it inferiorly. purges trembling Flimsy Thorndike and enroot usually poke. carbonates some If necessary communication, ask further notice easy, for private mortgage notes sale? No mortgage note but circumstances. Typically, low home prices, our senior acquisition manager reviews the invent and the numbers to ensure after we maybe be producing the highest possible returns for comprehensive note buyers. The sale will be willing to start uploading them are secured against this option to purchase a loan is mortgage notes for private sale in the terms. This website is mortgage sale of experience of this step of equity in could give cash you also harms sellers using owner if traditional mortgage sale online you can. We work for private note! You again this totally gives you for private mortgage is a promissory notes: a higher returns with ease with! Thanks to sale and all garnaco, for private mortgage notes sale on. Alan was a private mortgage notes for sale price was somewhat sure to sale, including mortgage notes are not want to suit your initial search for your personal data. As informational purposes of listing your investment for mortgage note industry while these people and business is it really had another common, how to reduce your interests in a certificate of. The sale agreement for private mortgage notes sale to contact you when the power to serve the note is theirs. The process can trust deeds, but the two will be a partner with a business with a real estate? REITs Ideal for easy Real Estate Investors. -
The Riddle Report
530 Woodlake Circle • Chesapeake, VA 23320 (757) 523-1900 Robert L. Individual “Robb” Riddle, CCIM Member The Riddle Report Condo Conversions–A Good Investment June 2017 The developer can build a condominium for mortgage interest and property complex from scratch. The time will vary taxes can be beneficial in bringing This publication is not on the location, but it may take years from down the monthly cost of the unit a solicitation but is an the start of the first unit. For a quicker time below a rental unit of the same size information service from period, the alternative might be a condo and quality. this office. conversion. There are buyers for condo units in The Condo Conversion most communities. Young singles When an investor is seeking an invest- and couples looking for a first home ment in a new condominium project, the that is affordable make up some of In This Issue possibility of purchasing an existing rental the buyers. Professionals and empty property for conversion to condominiums nesters that can afford the more up-scale units make up another phase • Condo Conversions should be considered. While building a –A Good Investment new property can be profitable, there are of the market. These groups still want the convenience of living in down- many benefits to converting the existing • Establishing Value In property. town or close-in locations because of the benefits of the urban environment. A Shopping Center There could be a number of reasons why an owner of a rental apartment property Benefits that an owner or purchaser • Landscaping For of an apartment property or would want to convert his project to Profits And Image condominium ownership.