The coronavirus global pandemic has had devastating impacts on the global economy, and mostpeople are feeling some sort of impact in their everyday life. For those who lost work or have reduced work, they’re feeling an immediate impact on their most valuable asset: their income. Continue reading
Mortgage Rates Hit All-Time Lows: Is Now The Best Time To Buy a Home?
The coronavirus global pandemic has rocked the global economy in many ways. Here in the United States, the housing market has been upended, but not in the way you might think. Mortgage rates have actually hit an all-time low, which may be both tempting and confusing to some people, especially because of the other economic stress factors at play. If you’ve been thinking of buying a new home, you may be wondering if now is the best time to buy. Here are some things I recommend you consider, if you want to buy a home.
Continue readingMortgage Qualification: 5 Ways To Improve Your Credit Score Quickly
When you are looking to buy your dream home, being able to get approved for a mortgage will be a make or break factor. If you have a less-than-desirable credit score, you may find that it is actually quite challenging to be approved for a mortgage, which can be a heartbreaking realization. I’m a big believer that everyone should be able to afford the home of their dreams, and that they can, with the correct financial advice. And the good news is, there are actually steps you can take, to help improve your credit score. Especially if time is of the essence, and you’re thinking of applying for a mortgage soon, these steps could be what helps you get approved. So here are five ways to improve your credit score quickly.
Continue readingWholesaling Real Estate: No Money? No Problem! [2020 Strategy Overview]
![Wholesaling Real Estate: No Money? No Problem! [2020 Strategy Overview]](https://jacquespoujade.files.wordpress.com/2020/04/wholesaling-real-estate.png?w=1000)
A common misconception in the real estate world is that you need to have years of savings to get your foot in the door. While that might be true in some realms, the real estate field has a lot of opportunity in a variety of fields. Some of which you can start in without much in savings at all.
My name is Jacques Poujade and as the Managing Partner at LendPlus, I have dedicated my professional life to helping others build their finances from the ground up. Here’s my take on wholesaling real estate. No money? No problem!
What is Wholesaling Real Estate?
Wholesaling real estate is when a wholesaler buys from a seller with the intent to resell it. From there, the wholeselling professional sells it to a buyer at a higher price. You can do this with or without renovations included. You might be thinking, how can I possibly do this without hundreds of thousands of dollars in savings? Well, that’s where I’m here to help.
Purchase Contracts
Oftentimes, properties have motivated sellers that are simply interested in selling their property for the best rate, at the fastest rate. When this happens, it leaves room for a wholeseller to purchase this contract. Oftentimes, these are distressed properties that are prime for a flip. If you have the money saved to renovate, then doing so could be a great investment. If not, simply purchasing the contract could provide you with a great item to sell to other investors. If that’s the route that you choose to go, your next step it to sell the contract.
Assign (Flip) Contract to Another Investor
If you don’t want to flip a refinished house or don’t have the funds to renovate, selling your contract is a great option. With a simple agreement, you can turn the contract you’ve purchased over to another buyer at a higher rate. They take over the agreement using the money taken out of your pocket throughout the entire process, with several thousands of dollars placed in it! This is also a great opportunity to build a network and learn more about the real estate industry first hand!
Build Your Business
As with any business, it’s important to build your brand from the ground up. When you sell, even as a wholeseller, you’re building your reputation with buyers and other real estate professional. In doing so, you’re creating a great base for your network to build upon both financially and professionally. Are you looking for ways to learn more about finance? Here are a list of personal finance podcasts that I recommend.
Real estate is a thriving business that many want to go into, but few know how to. As a successful real estate and finance professional, I know that anyone can be a successful real estate professional no matter your experience or financial situation! If you’re looking to expand your knowledge on purchasing, flipping, and rental properties, learn more here.
Continue readingTop Question Asked: Should You Pay Down Your Mortgage Early?
As a real estate and real estate investing professional, I’ve seen a lot during my 30 years of experience of working in this field. As a managing partner at LendPlus, it’s my goal to help my clients finance a home they’ll love for years, or to facilitate investments which will make a huge difference in the lives of investors. I’m also always happy to help others by sharing my expertise, and people often ask me a wide range of questions. I recently dove into what seniors need to know about reverse mortgages, because I know it can be difficult for seniors to manage their finances once they hit retirement. Today I want to talk about paying off your mortgage early. People have a lot of questions about paying off mortgages early, so I want to answer some of the top questions asked.
Continue reading3 Things You Need To Know Before Flipping Your First Home
Have you ever thought about flipping a home? Driving through a nice neighborhood, it’s easy to see a diamond in the rough for sale and think of the possibilities within it. I know the benefits of flipping homes, thus it’s important to go into your endeavor prepared.
Continue readingReal Estate Predictions: How Will the Mortgage Market Change in 2020?
With 2020 underway, homeowners and lenders are paying close attention to the mortgage market. As a real estate investing professional for 30 years, and a Managing Partner at LendPlus, I’m also closely watching the trends, to see how the mortgage market will change in 2020. I look at the industry from the perspective that all families deserve to find a financing solution that suits their individual needs. The good news – it looks like 2020 will be a good year for the housing market in general, according to economic predictions. Mortgage rates should stay low, and one big trend- there may not be enough new homes for buyers in general. Let’s break it down.
Continue readingThe 5 Best Personal Finance Podcasts to Listen to in 2020
For me, keeping up with financial trends is more than just a hobby. In fact, I’ve spent over thirty years crafting the knowledge to become a leader in the finance industry. With a mission to help people find the perfect home, I understand that financial knowledge is something everyone can and should be able to benefit from.
Continue readingJacques Poujade’s Insane Productivity Secrets
One of the biggest keys to success is staying productive throughout the workday. If a person is focused and energized, they can get something done in a relatively short amount of time. This beats the alternative of constantly pausing things, dealing with distractions and letting tasks drag on.
How to Become a Real Estate Mogul with $1,000 (Or Less)
Whenever a person first starts their journey in real estate, they dream of making it big. No matter how small a person starts out, there is always the opportunity to grow if the right effort is put into it.
