The Helping Open Properties Endeavor (HOPE) Act, provides economic support for the commercial real estate market in response to the COVID-19 pandemic.
Agenda
View the agenda and speakers for NAR’s virtual Appraisal Summit that will take place on Aug. 5, 2020 at 4PM EDT.
NAR Appraisal Summit: Fair Housing Issues in Real Estate Appraisal
Join NAR’s panelists who will delve deeply into the subject of wealth gap between white households and black households and present solutions that maintain a fair and equitable system for valuing real estate.
Dana Wade Confirmed as FHA Commissioner
On Tuesday, July 28, 2020, the Senate Confirmed Dana Wade as Assistant Secretary for Housing – Federal Housing Commissioner.
BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman
Real estate investing… old school!
Rick Jarman (@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from 44+ years as a flipper and landlord in Tuscaloosa, Alabama. And it’s quite the journey, from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer!
In this episode you’ll hear tales of up markets, down markets, losing it all, getting it all back… and a tornado that wiped out 20 of Rick’s 100+ rental houses. He also takes us through his rules for tenant screening, explains why he favors 15-year mortgages, and paints a picture of what it’s like to self-manage such a large portfolio of single family homes (with a team, of course).
Give Rick a follow, and if you know someone who’d make a great guest on the BiggerPockets Real Estate Podcast send them over to biggerpockets.com/guest where they can apply to appear on the show.
NAR Disappointed in Administrations’s Final Affirmatively Furthering Fair Housing Rule
The National Association of Realtors® is disappointed that HUD has taken this step, which significantly weakens the federal government’s commitment to the goals of the Fair Housing Act.
NAR Stresses Commitment to Racial Equity in Federal COVID-19 Relief Measures
NAR contends that the racial wealth gap is primarily a housing wealth gap, with lower homeownership rates leaving an impact on minority communities that can last generations.
BiggerPockets Podcast 392: $12,500 per Month in ‘Pure Cash Flow’ With Todd Baldwin
A $1 million net worth before the age of 30… through frugality and creative real estate investing!
That’s what Todd Baldwin’s achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means.
Sure, Todd’s benefited from appreciation, but he’s also generating monster cash-on-cash returns across his 6 rental properties. And today, you’ll learn just how he’s doing it: how he finds pocket listings, why he favors new construction, why he pays for a $2,000/month service most landlords would never dream of providing, how he limits roommate drama, and much more.
Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd’s all-time vacancy rate? Zero percent. So if you’re in a high-priced coastal market, you need to listen to this show. And if you don’t, we can pretty much guarantee you’ll still enjoy it and pick up a few landlording nuggets along the way.
Know someone who might put Todd’s strategy to use? Share this episode with him or her today! And make sure you’re subscribed to the show so you won’t miss us next week.
Flood Case Law Study Released
NAR commissioned the Legal Research Center to compile flood-related court cases over the past two decades to order to help identify key patterns and takeaways for NAR members as they fulfill their fiduciary duties to clients.
First Street Releases Flood Factor Tool
The First Street Foundation, a nonprofit research and technology group, released an online flood risk visualization tool enabling homeowners to obtain comprehensive flood risk information specific to their property.