Business
On this episode of Business BBQ podcast, Tim Herriage talks about the the real estate market, and reviews data provided by the National Association Realtors. Taking a look at the month’s supply, it can be seen the supply stayed flat from July to August which is still lower than what’s been on the last twelve months. Available inventory is lower in 2020 than in 2019. The low supply on the market is really fueling price increases and appreciation.If you'd like to watch the video presentation, click here to find it on YouTube.Tim announced a new lending venture called InvestorWell where real estate funding has been made easier. He said the lending company is doing Fix and Flip Loans and Refinance Loans for investors. The lending company also offers short term bridge financing for those people who like to buy rental properties The bridge has a 24-month term so properties can be purchased, renovated, rented, seasoned and then you can get a portfolio refinance or pick them off one at a time. This is on almost every collateral type, not just single family. Thirty year rental loans are coming back fast, and are available on single family, condos, and town homes. You can lock in 30-year debt in your company name at a 75% LTV loan with an interest rate below 5%.Now, in the case of insurance, Tim said insurance rates are going up regardless of what coverage it may be and he’s been told that there will be annual increase most likely. It is highly recommended to evaluate your coverage amounts. Replacement costs have gone up, so you could be underinsured. It takes Tim less than 3 minutes to buy the insurance. Just simply log-in to the portal, hit get a quote, type in the address, type in how much you want to insure it for, quote will pop up and hit buy the policy, download PDF and email it to your lender and you’re good to go. Links: You can apply for your financing needs on https://investorwell.com/For the home insurance, check out https://www.reichoice.com/Follow my blog: TimHerriage.comReview NAR Data: NAR.realtorSell or buy discounted investment property: InstantEquity.comList your homebuying business in our online directory for free: BestHomeBuyers.comOnline real estate investor loans: InvestorWell.comInsurance for real estate investors: REIChoice.comConnect with Tim: https://www.youtube.com/c/timherriagehttps://www.facebook.com/timherriage/ https://www.facebook.com/groups/timherriage/