On June 15, the Federal Reserve’s Main Street Lending Program became operational to support small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.
Statement from NAR Chief Economist Lawrence Yun on the May 2020 Housing Starts Data and Strategy for Increasing African-American Homeownership
This five-point plan would increase the number of African-American homeowners and help close the persistent gap in homeownership rates between whites and African-Americans.
Rebuilding for Racial Equality: Steps to Take Action
2020 NAR President, Vince Malta, addresses rebuilding grants and what brokers and agents can do now to help communities.
TRID Buyer/Seller CD Clarity
NAR has created a new TRID Closing Disclosures Guide outlining questions related to the separation of buyer and seller Closing Disclosures (CDs) and what is shared with real estate professionals.
BiggerPockets Podcast 386.5: Still Doing Deals… Thanks to These 2 Pivots With Marcus Maloney (Part 2, Post-Coronavirus)
Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he’s hanging onto it by making two big shifts in his business.
When the pandemic hit, lenders got nervous… and that put a couple of Marcus’ deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win.
Plus, Marcus tells us why he’s shifted focus to the Midwest since we first spoke and how he worked out a deal with a “great tenant” who wound up unemployed and unable to pay rent.
Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next one.
Free Download: Real Estate Investing Toolkit
This toolkit includes checklists and worksheets from the Real Estate Investing: Build Wealth Representing Investors and Becoming One Yourself course.
Free Download: Buyers By Generation Toolkit
This toolkit includes checklists and worksheets from the Buyers by Generation: Success in Every Segment Course
Free Download: Marketing Strategies & Lead Generation Toolkit
This toolkit includes checklists and worksheets from the Marketing Strategies & Lead Generation course.
Free Download: Buyer Representation Toolkit
This toolkit includes checklists and worksheets from the Accredited Buyer’s Representative (ABR®) course.
BiggerPockets Podcast 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus)
From “bad drug dealer” in his youth… to earning a master’s degree, then jumping into real estate at age 36 and crushing his first deal!
Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don’t discuss that topic. Tomorrow, we’ll dive into how Marcus pivoted to keep doing deals in these trying times.
In this episode, you’ll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he’s completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions.
He also discusses the strategies he’s using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him.
Plus—the guys have a great conversation about performance coaching and why the thing that’s holding you back probably isn’t something you’re going to fix at a real estate boot camp.
Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he’s a frequent contributor.
And don’t forget to subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next show!