Fannie Mae’s adoption of the ANSI standard for measuring the area of a home is creating questions, inconsistencies.
NAR Advocates for Housing Providers with Administration Officials
NAR spoke about priorities and gaps for tenant protections and owner needs, including specifically when it comes to challenges like the pandemic.
NAR Writes to HUD in Support of New 40-year Mortgage Modification
Allowing the FHA to modify the mortgages of distressed homeowners to a monthly payment that they can meet with a moderately longer amortization helps to support both homeownership and stability of the market.
NAR Support Letter to Representatives Dean and Armstrong Regarding Remote Online Notarization
On May 26, NAR signed a letter of support for H.R. 3962, the Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE Notarization Act), which allows businesses and consumers to execute critical documents using two-way audiovisual communication.
Window to the Law: Protect Your Website from Copyright Liability
Keep copyright infringement claims at bay by taking advantage of a safe harbor provision in the Digital Millennium Copyright Act (DMCA) on your website. The DMCA can protect MLSs, subscribers, and participants from copyright infringement liability while hosting an IDX display.
Oregon Ban on Love Letters Deemed Unconstitutional
Following a preliminary injunction temporarily prohibiting Oregon’s enforcement of its statutory ban on love letters, the parties reached a settlement agreeing the ban violates the First Amendment and that the statute will no longer be enforced.
20% off PSA Certification Online Course
Enhance your property pricing skills with NAR’s Pricing Strategy Advisor (PSA) certification. The 6-hour online course is discounted until 6/30.
Window to the Law: Managing Business Records Efficiently
A document retention policy can keep your business in compliance with legal requirements, create economic efficiencies, and better prepare your business in the event of litigation. Learn why every real estate professional needs a document retention policy, and how to create one for your business.
Using a “Miserable” Job to Fuel a Fast-Growing Flipping Portfolio
House flipping is a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”
He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason’s team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!
You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.
Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing)
Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into.
Welcome to Live Takes where Henry Washington, investor and On The Market guest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!