PHP Saturday, March 23rd
"Inspections" & "Getting the Deal Financed in Today's Lending Climate".
Breakfast is Included
9am-11am: Inspections
Veteran Home Inspector & Investor Walter Wilson takes you through the ins and outs of doing your own inspections pre-purchase. Walter has done well over 2,300 Home Inspections. He has a degree in Architectural Technology, and is an active Investor. Walter will show you real life slides of what to watch for that can literally cost you thousands and thousands of dollars! You will not want to miss this training, which could make or break your next purchase.
Counts for 2 PHP Credits in "Inspections".
11am-1pm:Getting the Deal Financed in Today's Lending Climate
In recent months, we've seen lending standards and guidelines begin to change radically. Those of us who lived through the "Great Recession" of 2008 know that this is just the beginning, and far greater changes are on the horizon. As Investors, we have the choice to either adapt, or repeat the mistakes of our brethren (and some of us) that crashed and burned during the aforementioned financial crunch. It need not be so.
In this intensive workshop, Bryan Maddex focuses on how to still get deals financed in today's market.
Lease options are a viable tool many investors are turning to for properties that aren't selling on the open market, but there are some very important issues that need to be addressed if you have any hope of these eventually cashing out:
- How do you qualify your prospective buyers: what things on their credit will prevent them from getting financing in 1-2 years, and which things are easy to overcome or fix?
- How do you set up your paperwork to fly through underwriting like a "greased pig"?
- What is the best way to keep records?
- What steps do you need them to take to clean up/build credit while they're living in your house?
Retailing is becoming more difficult as an exit strategy, and will only get tougher.
Those investor who are now and will continue to successfully make a go of it have a thorough understanding of Real Estate financing. |