How Veteran Real Estate Investors Buy Homes At A Bargain, *Hint* It’s NOT About The Price

 

 

 

It's NOT About The Price! 

 

When I met a veteran real estate investor a few years ago, that was when I learned that's NOT about the price.  Unlike the typical real estate buyer or the so called "investor" who cares about lowballing and buying below tax assesssed and getting the property at below market value, the Veteran Real Estate Investors don't always think like that.

They think differently.  They think outside of the box.  They think about terms.  

 

 

What?  What do you mean?  Isn't it about the price?

 

That's what I thought too.   But, often veteran real estate investors are willing to pay market value or EVEN ABOVE MARKET VALUE if the terms are favorable.  

 

What do you mean if the terms are favorable?

 

What if you could get the seller to give you a mortgage at an incredibly low interest rate?  That would be called a vendor take back mortgage, a term that describes a seller giving you a mortgage so you if you can't your banks to give you money or give you a good rate, the seller would give you that mortgage and you'd be making your mortgage payments to the seller, either weekly, bi-weekly or monthly or whatever you guys agree to.  

The post How Veteran Real Estate Investors Buy Homes At A Bargain, *Hint* It's NOT About The Price appeared first on Gary Wong Realty Vancouver, BC.

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How Veteran Real Estate Investors Buy Homes At A Bargain, *Hint* It’s NOT About The Price

 

 

 

It’s NOT About The Price! 

 

When I met a veteran real estate investor a few years ago, that was when I learned that’s NOT about the price.  Unlike the typical real estate buyer or the so called “investor” who cares about lowballing and buying below tax assesssed and getting the property at below market value, the Veteran Real Estate Investors don’t always think like that.

They think differently.  They think outside of the box.  They think about terms.  

 

 

What?  What do you mean?  Isn’t it about the price?

 

That’s what I thought too.   But, often veteran real estate investors are willing to pay market value or EVEN ABOVE MARKET VALUE if the terms are favorable.  

 

What do you mean if the terms are favorable?

 

What if you could get the seller to give you a mortgage at an incredibly low interest rate?  That would be called a vendor take back mortgage, a term that describes a seller giving you a mortgage so you if you can’t your banks to give you money or give you a good rate, the seller would give you that mortgage and you’d be making your mortgage payments to the seller, either weekly, bi-weekly or monthly or whatever you guys agree to.  

The post How Veteran Real Estate Investors Buy Homes At A Bargain, *Hint* It’s NOT About The Price appeared first on Gary Wong Realty Vancouver, BC.

from Gary Wong Realty Vancouver, BC http://ift.tt/1O3hZSF

MBS RECAP: Bond Markets Battle Back to Green After Weaker Open

Posted To: MBS Commentary

Bonds opened weaker as Yellen's Friday comments reverberated data was largely ignored Bonds rallied after Brexit poll and technical ceiling in 10yr yields 10yr Treasuries have been holding a very tidy, very sideways range for 8 straight days now (that's every single session since the FOMC Minutes, for what it's worth). During that time, they never moved above 1.89. Today marked the closest call with that upper boundary as domestic traders joined the bond market sell-off already in progress early this morning. Not only did the range end up holding, but bonds soon found reason to rally. While we can assume that some sponsorship came courtesy of the month-end trading environment, the more readily-apparent culprit was a newswire regarding a new poll on the likelihood of Brexit (UK leaving...(read more)

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MBS RECAP: Bond Markets Battle Back to Green After Weaker Open

Posted To: MBS Commentary

Bonds opened weaker as Yellen's Friday comments reverberated data was largely ignored Bonds rallied after Brexit poll and technical ceiling in 10yr yields 10yr Treasuries have been holding a very tidy, very sideways range for 8 straight days now (that's every single session since the FOMC Minutes, for what it's worth). During that time, they never moved above 1.89. Today marked the closest call with that upper boundary as domestic traders joined the bond market sell-off already in progress early this morning. Not only did the range end up holding, but bonds soon found reason to rally. While we can assume that some sponsorship came courtesy of the month-end trading environment, the more readily-apparent culprit was a newswire regarding a new poll on the likelihood of Brexit (UK leaving...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

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An Eclectic Bungalow in the Ozarks — House Call

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Name: Ashley & Sahid
Location: Rogers, Arkansas

Our home is a 1940s craftsman's style bungalow. It's 1,900 square feet with an unfinished attic that we are contemplating adding on 900 square feet that would include two bedrooms.

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Retro Alert! SMEG Now Makes '50s-Style Dishwashers — Design News

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Dishwashers didn't become common at home until the 1970s, but that doesn't mean they can't take on the retro 50s vibe of Smeg's popular appliances. See what they look like:

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Mortgage Rates Steady Today, but Volatility Looms

Posted To: Mortgage Rate Watch

Mortgage rates were generally unchanged to begin the short work-week for financial markets, though that wasn't the case at first. Earlier this morning, most lenders were quoting higher rates than those seen last Friday. Markets improved rather significantly during the course of the day, allowing most lenders to 'reprice' to lower rates, thus bringing them back in line with Friday's. Despite the apparent lack of volatility today, the rest of the week could see much bigger moves depending on the outcome of the various economic reports that will be released between now and Friday. In addition to the data, financial markets are perhaps even more sensitive to news regarding the potential for a Fed rate hike in mid-June. Today, for instance, a poll came out saying that the U.K. was slightly more...(read more)

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Mortgage Rates Steady Today, but Volatility Looms

Posted To: Mortgage Rate Watch

Mortgage rates were generally unchanged to begin the short work-week for financial markets, though that wasn't the case at first. Earlier this morning, most lenders were quoting higher rates than those seen last Friday. Markets improved rather significantly during the course of the day, allowing most lenders to 'reprice' to lower rates, thus bringing them back in line with Friday's. Despite the apparent lack of volatility today, the rest of the week could see much bigger moves depending on the outcome of the various economic reports that will be released between now and Friday. In addition to the data, financial markets are perhaps even more sensitive to news regarding the potential for a Fed rate hike in mid-June. Today, for instance, a poll came out saying that the U.K. was slightly more...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

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Should We Paint Our Walls Now If We're Going to Remodel Soon? — Good Questions

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Q: We bought our 'forever home' last month and we plan on remodeling the entire house, including new drywall, kitchen, bathrooms, and a 10' extension. My question is, should we put any money into the house [photos below] before the actual remodel? The common advice seems to be that you should give your walls a fresh coat of paint, and that makes sense if you're going to live with what you have for some time to come. We are planning to live in the house in its as-is state for 3 years before we start the expensive remodel...

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Teresa's Simple & Sweet Spanish Home — House Tour

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Name: Teresa
Location: Valencia, Spain
Size: 1022 square feet (95 m2)
Years lived in: Owned 3 years

With a big smile and friendly attitude, Teresa is the kind of person you connect with immediately. The second she opened that door, I could see a reflection of who she is in every corner of this beautiful home. This creative and colorful place was created with a lot of care. Almost all the furniture pieces are inheritances from family, but she know's how to mix everything in an original way.

Open Slideshow

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3 Non-Edible Picnic Essentials — The Kitchn

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From The Kitchn → 3 Things You Should Always Take to a Picnic

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Easy & Beautiful: 9 DIY Projects to DYE For

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See what I did there?? Dye, while a little scary (it's permanent! it stains things!) can also be a great way to get big results from your DIY projects with a minimum of effort. Here are nine DIYs perfect for transforming your favorite textiles with a little color.

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Why So Serious? Playful Design Trends We're Spotting: Neon, 80s Influences, Toys & More

House Tour: Natalie and Scott's Electric Neon Melbourne Home

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It's halfway through 2016 and I've already spotted stand-out design trends in beautiful homes. But I'm not just referring to common colors, patterns and materials. This year, I'm spotting elements that infuse playfulness into interiors. Add some playfulness into your rooms today with these fresh and fun decor trends.

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Where the Stars Cook: 10 Stunning Celebrity Kitchens

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A few weeks ago, our collection of celebrity bedrooms provided a tantalizing peek into the spaces where famous people sleep. Today, we're taking it a step further with a roundup of celebrity kitchens. Check out the beautiful spaces where people like Ellen Degeneres, John Legend, Cameron Diaz, and Martha Stewart (or maybe their personal chefs) prepare their meals.

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Real Life on Screen: Film & TV Characters with Refreshingly Relatable Apartments

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Often our favorite television series and films showcase dreamy apartments that are quite unrealistic for the characters who inhabit them. You know, the ones where your quintessential broke 20-something somehow affords to live in the lap of luxury despite being in financial ruin? That said, here are five TV and movie characters with practical, realistic apartments that look like mine and yours. Finally, a break from all the apartment envy.

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Remodeling Ideas from Nine Bathrooms with Classic Style

Design Sponge

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Looking to ensure that your new bathroom will still look as beautiful twenty years from now as it does the very first day after your remodel? Here are nine bathrooms with beautiful, timeless style, and design ideas worth stealing from each one.

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High/Mid/Low: Best Marble Coffee Tables for Every Budget — Annual Guide 2016

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Coffee tables are a living room staple that can effortlessly inject some pretty serious style. Case in point: the marble-topped table. On trend at the moment but undeniably a classic, they will put you firmly "in style" for a long time to come. We love the sleek and modern appeal they lend living rooms of all sizes and found examples for every layout and budget: round, square and hexagonal examples across a wide range of price points. These are our 13 favorite marble-topped varieties for 2016, priced from right around $100.

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Lesley's Textured, Sunny Scandinavian Style in Sweden — International Video House Tour

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Name: Lesley Pennington and her family (husband, a teenager and a dog)
Location: Viggbyholm, Sweden (Just outside of Stockholm)
Size: 240 square meters
Years lived in: 3 years

Before the Pennington family acquired this property three years ago, this was the home of a famous Swedish textile designer. Nearly 100 years old, the house's connection to textiles lives on: Lesley is founder and CEO of Bemz, "a Scandinavian design company that creates custom covers for IKEA sofas, chairs and more." In this home, the layering of each textile, pillow or rug adds to the story of this historic space. But it's not just the textures inside that impact this home's lovely design—views of nature play a huge role, as well.

Open House Tour

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How To Create Your Own (Quick but Powerful!) Style Profile — The Closet Cure Assignment #6

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Congrats, you've made it to the second half of the Cure, which means that you've got one week and lots of sorting down! Your closet and drawers should be less crowded and hopefully you have a stronger sense of what clothing has and hasn't been working for you, which is half the battle. Today, we'll focus on a little assessment and introspection, so we can take a bit of a breather before we dive into rebuilding.

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Designer-Tested Palettes: Current Favorite Colors from Cloth & Kind

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We know that one of the most taxing and tricky commitments to make when decorating a room can be what colors to use in unison. The world of color is a vast one with endless options, so to help guide the decision-making process, we introduce this new series on flawless designer-approved palettes where we tapped 10 experts and asked them for their own go-to combinations. Up first: The lovely ladies from CLOTH & KIND.

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Price Gains Ease Slightly on National Basis

Posted To: MND NewsWire

The annual pace of price gains nationally slowed slightly in March according to the S&P Case-Shiller National Home Price Index. The 10- and 20-City Composite Indices however increased at the same level as in February. The National Index, which covers all nine U.S. census districts, was up 5.2 percent compared to March 2015. The February-to-February gain was 5.4 percent. The 10-City Composite rose 4.7 percent year-over-year and the 20-City was 5.4 percent higher. Both increases were identical to those in February. Three western cities continued to post double digit annual price increases. Portland was up 12.3 percent, Seattle prices rose 10.8 percent and Denver's by 10.0 percent. Ten cities reported greater year-over-year increases in March than in February. March prices increased nationally...(read more)

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Price Gains Ease Slightly on National Basis

Posted To: MND NewsWire

The annual pace of price gains nationally slowed slightly in March according to the S&P Case-Shiller National Home Price Index. The 10- and 20-City Composite Indices however increased at the same level as in February. The National Index, which covers all nine U.S. census districts, was up 5.2 percent compared to March 2015. The February-to-February gain was 5.4 percent. The 10-City Composite rose 4.7 percent year-over-year and the 20-City was 5.4 percent higher. Both increases were identical to those in February. Three western cities continued to post double digit annual price increases. Portland was up 12.3 percent, Seattle prices rose 10.8 percent and Denver's by 10.0 percent. Ten cities reported greater year-over-year increases in March than in February. March prices increased nationally...(read more)

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Before & After: A Camper Gets Family Road Trip Ready

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Road tripping across the country sounds dreamy enough, but Becka's gorgeously renovated camper makes the whole excursion so glamorous!

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New and Proposed FHA & VA changes - HECMs In The News

Posted To: Pipeline Press

Research by the EBRI on retirement finds while 67% of workers plan to work for pay in retirement, only 27% of retirees do so. Of the retirees who worked, the reasons included wanting to stay active and involved (82%), enjoy working (80%), wanting money to buy extras (57%), need money to make ends meet (51%), a decrease in the value of their savings or investments (43%), and to keep health insurance or other benefits (32%). FHA published its Home Equity Conversion Mortgage (HECM) proposed rule , Strengthening the Home Equity Conversion Mortgage Program (FR-5353-P-01), in the Federal Register. This is a milestone step for FHA in its efforts to ensure the continued viability of its HECM program. The proposed rule updates the regulations (24 CFR Parts 30 and 206), consolidating all HECM regulations...(read more)

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New and Proposed FHA & VA changes - HECMs In The News

Posted To: Pipeline Press

Research by the EBRI on retirement finds while 67% of workers plan to work for pay in retirement, only 27% of retirees do so. Of the retirees who worked, the reasons included wanting to stay active and involved (82%), enjoy working (80%), wanting money to buy extras (57%), need money to make ends meet (51%), a decrease in the value of their savings or investments (43%), and to keep health insurance or other benefits (32%). FHA published its Home Equity Conversion Mortgage (HECM) proposed rule , Strengthening the Home Equity Conversion Mortgage Program (FR-5353-P-01), in the Federal Register. This is a milestone step for FHA in its efforts to ensure the continued viability of its HECM program. The proposed rule updates the regulations (24 CFR Parts 30 and 206), consolidating all HECM regulations...(read more)

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Casey's Playful Los Angeles House — House Tour

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Name: Casey Anderson
Location: Highland Park; Los Angeles, California
Size: 1,100 square feet
Years lived in: 3 years; Owned

With a penchant for unconventional activities (read: dodgeball and tap dancing), and an affinity for Spielberg-ian extraterrestrials, it goes without saying that Casey is one rad kindergarten teacher. A tour of her fun and charming home reveals a surprisingly not-creepy collection of vintage dolls juxtaposed with clean, modern lines, and clutter-free tabletops defying the conventional stereotypes that often befit her fellow collectors.

Open Slideshow

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