🏠 5 Tweet Sunday 🏠 - Best real estate tweets of the week
🏠 5 Tweet Sunday 🏠
Why you are getting this: I’m Carter Armendarez. This is my real estate investing newsletter. You’ve subscribed or we’ve talked real estate investing recently. I’m changing the newsletter’s 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.
Let’s get to it:
#1 🏠
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. Can’t 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 🏠
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 🏠
Is Maricopa the place to buy?
#4 🏠
No need to reinvent the wheel.
#5 🏠
Wild take from Barbara with housing affordability being at its lowest in 30+ years.
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