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🏠 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:
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.
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.
Is Maricopa the place to buy?
No need to reinvent the wheel.
Wild take from Barbara with housing affordability being at its lowest in 30+ years.
REFER A FRIEND AND I’LL VENMO YOU $2. 5 REFERRALS GETS YOU $15!