Download e-book for iPad: 21 Things I Wish My Broker Had Told Me: Practical Advice for by Frank Cook

By Frank Cook

ISBN-10: 1427721203

ISBN-13: 9781427721204

Within the moment version of this best-selling publication, Frank prepare dinner offers much more hands-on recommendation from top-producing genuine property pros to aid new brokers get their begin, or preserve, a profitable profession in actual property. the second one version deals useful information for fast-tracking your first transaction, constructing a business plan, effectively facing opponents and lots more and plenty more.

Highlights:

Interviews and real-life insights from the true property industry's so much profitable and best generating agents and agents.

Revised and up to date expertise bankruptcy deals a jargon-free clarification of the hi-tech suggestions to be had today.

New appendix outlines the approximately 2 hundred components of a true property transaction in a short, at-a-glance checklist.

New end-of-chapter suggestions supply sensible, take-away suggestion and spotlight key recommendations.

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Read Online or Download 21 Things I Wish My Broker Had Told Me: Practical Advice for New Real Estate Professionals (2nd Edition) PDF

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Additional info for 21 Things I Wish My Broker Had Told Me: Practical Advice for New Real Estate Professionals (2nd Edition)

Example text

You should always shop locally, but make sure you shop other sources, too: it’s your money, so make sure you put it to its best use. If you do have a friend in the lending business, consider carefully whether it’s in the best interest of your friendship to use your friend to handle your mortgage. At the very least you’ll have to share your financial information: your credit history, your income, your debts . . your friend will know all about your finances. Are you comfortable sharing that information with your friends?

The consumer can often wind up paying higher fees by going to a larger institution. ” Because loan officers deal with fewer programs, they can also be less likely to understand the dizzying variety of programs currently available. “An attorney asked me to take a look at a loan on behalf of his client,” said 25 JWPR060-01 JWPR060-Cummings November 13, 2007 15:0 Char Count= 0 MORTGAGE MYTHS Dave. 25% interest rate for 3 to 5 years, and after I took a look at the loan (it was called an option-ARM) and explained it, they could not believe what was going to happen to them.

Or you may be concerned you won’t be able to obtain financing for a home in a “bad” neighborhood. Think again. “Many consumers think they won’t be able to get a loan in certain neighborhoods or areas,” says Lorenzo Wooten, regional manager for the Federal National Mortgage Association (Fannie Mae). “We have programs specifically designed for under-served neighborhoods and communities. ” Even if you’ve experienced major credit problems like bankruptcy or foreclosure it’s likely you can qualify for a mortgage.

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21 Things I Wish My Broker Had Told Me: Practical Advice for New Real Estate Professionals (2nd Edition) by Frank Cook


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