๐ 5 Tweet Sunday ๐ - Best real estate tweets of the week
๐ 5 Tweet Sunday ๐
Why you are getting this: Iโm Carter Armendarez. This is my real estate investing newsletter. Youโve subscribed or weโve talked real estate investing recently. Iโm changing the newsletterโs format. I think 5 real estate tweets are more engaging. Going to roll these out every Sunday, and then add multi family apartment deals once I find them and begin raising money. Let me know what you think.
Letโs get to it:
#1 ๐
When I left my banking job at Rocket Mortgage, rates were 6.5-7%. It seemed the majority of people refinancing were in bad situations and needed cash. Canโt imagine many people refinancing at 8% rates. There is good news. Some lending guidelines have become less restrictive to make home buying easier. Starting Nov 18th buyers can purchase a 2-4 unit primary home with just 5% down on a Conventional loan (Fannie Mae). It used to be 15% down for 2 unit, and 25% down for 3-4 unit.
#2 ๐
As a buyer, distressed assets are where the money is made. Burnt out owners, deferred maintenance, etc. Looking forward to acquiring one of these distressed apartments.
#3 ๐
Is Maricopa the place to buy?
#4 ๐
No need to reinvent the wheel.
#5 ๐
Wild take from Barbara with housing affordability being at its lowest in 30+ years.
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