#mortgage note investing

[gailthenotegal]

The Value Of Sell Mortgage Note | Gail The Note Gal

At Gail The Note Gal, you can maximize the value of your mortgage note. We specialize in maximizing your financial profits through the sale of Sell Mortgage Note at Gail The Note Gal. Count on our knowledge to get the best price for you by navigating the market. Find out how powerful selling your mortgage note may be right now!

[investinceofund]

From Purchase to Profit: A Comprehensive Guide to Mortgage Note Investing

Welcome to the world of mortgage note investing! If you're looking for a way to generate passive income while diversifying your investment portfolio, you’ve come to the right place. In this blog, we’ll explore everything you need to know, from understanding mortgage notes to scaling your investments.

What is Mortgage Note Investing?

Mortgage note investing involves buying the rights to receive payments on a mortgage loan. When you purchase a mortgage note, you essentially become the lender, receiving monthly payments from the borrower. This investment can provide a steady cash flow, making it an attractive option for many investors.

Benefits of Mortgage Note Investing

Passive Income: One of the main draws is the potential for regular income from monthly payments.

Diversification: Investing in mortgage notes allows you to diversify beyond stocks and bonds, reducing overall risk.

Control: You have the ability to choose which notes to invest in based on your risk tolerance and investment strategy.

Understanding the Risks

While mortgage note investing can be lucrative, it's not without risks:

Default Risk: Borrowers may fail to make payments, leading to potential losses.

Market Fluctuations: Changes in real estate values can impact the value of your investment.

Regulatory Changes: Be aware of new laws that may affect mortgage lending.

Getting Started

Step 1: Educate Yourself

Start by learning the fundamentals of mortgage notes. Consider enrolling in online courses, reading books, or attending workshops.

Step 2: Conduct Market Research

Understand the current trends in the real estate market. This knowledge will help you make informed decisions.

Step 3: Network

Connect with other investors, note brokers, and real estate professionals. Networking can lead to valuable opportunities and insights.

Sourcing Mortgage Notes

Direct Purchases: Approach banks or individual sellers directly.

Note Brokers: Work with professionals who specialize in buying and selling notes.

Auctions and Marketplaces: Explore online platforms dedicated to note trading.

Evaluating Mortgage Notes

When evaluating a note, consider:

Borrower Creditworthiness: Assess the borrower's financial history.

Property Value: Ensure the property is worth the investment.

Payment History: Review past payment patterns to gauge reliability.

The Purchase Process

Negotiation: Agree on a purchase price with the seller.

Documentation: Ensure all legal documents are in order, including the assignment of the note.

Closing: Finalize the transaction through an escrow service or attorney.

Managing Your Investment

Payment Tracking: Keep meticulous records of payments received.

Communication: Stay in touch with borrowers to address any issues.

Default Management: Have a strategy for handling late or missed payments.

Exit Strategies

Consider your options for exiting an investment:

Selling Notes: If you wish to liquidate your investment, consider selling on the secondary market.

Foreclosure: As a last resort for non-performing notes, you may need to initiate foreclosure proceedings.

Re-performing: Work with borrowers to help them resume regular payments.

Scaling Your Investment

Once you're comfortable, think about expanding your portfolio:

Diversification: Invest in different types of notes and various markets.

Automation: Utilize software tools for tracking payments and managing your portfolio.

Partnerships: Collaborate with other investors to share resources and expertise.

Conclusion

Mortgage note investing offers a unique opportunity to earn passive income and build wealth. By understanding the fundamentals and following a strategic approach, you can turn your investment into a profitable venture.

Additional Resources

Books: Look for reputable titles on mortgage note investing.

Webinars and Courses: Consider platforms that offer in-depth training.

Networking Groups: Join communities of like-minded investors for support and advice.

[mfi-miami]

Romspen Threw In The Towel On Uphill Foreclosure Fight

Romspen Threw In The Towel To Avoid The Agony Of Defeat On Uphill Foreclosure Fight With Jetall Companies Over Houston Office  Why Did Romspen Throw In The Towel With Ali Choudhri? Were They Afraid Of Facing The Agony Of A Humiliating Defeat? It appears Canadian lender Romspen threw in the towel in their uphill foreclosure battle with Jetall Companies. Let’s be honest. Romspen is having severe…

[loveemagicpeace]

🍯Astrology Notes🍯

🪴Virgo rising- are very caring people. They take great care to ensure that you have everything you need, especially for your health. They will be able to tell you a lot about various medicines.

🌱Gemini rising- funny as fuck sometimes. They are people who talk and don't stop. You can discuss all possible topics with them if you want. They have a very open mind. But when it comes to being able to do something, sometimes they are not so open to new things. Let's say one difference between them and Sagittarius is that they are not traveling types and they don't like to travel that much.

💫You will feel most comfortable talking to people with whom you have the same compatible moon and mercury in your house. for example: mercury in the 9th house and the other person has mercury in the 1st house. With this you can see what topics you can discuss with others.

🪐People who has saturn in 1st house looks better when they are skinnier. Because their bones and body structure are more beautifully emphasized. Many times they can have weight problems(they can quickly lose weight from worry).

🍀Earth signs look very down to earth even when they are joking around. Even when they make a crazy joke, they still look down to earth.

🐚Scorpios quickly stop trusting you. You just have to do one thing and they are done trusting you. When they see that you are dishonest to them in any kind of way, they will not trust you anymore. Especially when they get to know someone from the beginning and notice that they didn't tell them something or hid something from them, and as I said, it could be just one small thing like say you're going to say you're eating pizza, but in reality you're eating hamburger. It is small lie. But this is sometimes also one of the reasons why pisces and scorpio don't go so well together. Because pisces tend not to say everything while scorpios are. Many times, pisces swim off into their fantasy world and sometimes get lost in it. Scorpios are always looking for the truth in everything. I have seen successful Scorpio/Capricorn couples many times.

🍁Fire signs are actually very active people. So you have to prove them love with actions. They want to see how much you are willing to do for them and how much you are willing to risk. When you go beyond your limits and do something really crazy for them, they will really appreciate it.

💷2nd house represents your money & 8th house where you invest money. The 2nd house reflects your underlying relationship to money and patterns around money are often deeply ingrained. With the Moon in Cancer here, your emotional wellbeing rises and falls with your bank balance, both of which may be subject to flux. You can be a rags-to-riches success, but with Saturn in the 2nd you might always feel poor, the millionaire who still buys the budget range at the supermarket. The 8th house is concerned with debt and our relationship to institutions which provide loans, mortgages, and overdrafts. Capricorn on the cusp of the 8th suggests paying your dues and insisting on a proper contract, Sagittarius here you can invest a lot in travel or even illegal things.

☀️The Sun is the central flame of our vitality. Acting according to your Sun sign and engaging in activities denoted by the house it occupies are important ways to increase your energy and vigour. For instance, with Sun in the 1st, you might need time alone in order to recoup your energies - the presence of others can drain you, Or with Sun in the 6th, maybe you like to spend spare time working in the garden or catching up on DIY. The Sun in Sagittarius might mean you like to explore far afield; if in Aquarius maybe you like to holiday with a group of friends. Sun in Scorpio- working in the shadows or researching something no one knows about is best for you. Sun in 7th house you like to devote a lot of your time to your partner.

🧸Some signs are naturally more work-oriented and some more suggestive of needing a slower pace. Capricorn (or its ruler Saturn) is often highlighted in the charts of anyone with a strong work ethic - by contrast, Leo, Libra, or Pisces might engender a bit more need for time off, to play, relax, or dream. Each Zodiac sign has its ideal gap year or holiday. The fire signs might favour adventure breaks, the air signs a chance to meet new faces, the earth signs maybe an eco-trip; and the water signs a sojourn by the sea or in quiet, restful places.

🩰The IC and the 4th house describe home, both as a physical place and as an inner sense of roots, safety, and foundation. If you have Jupiter in the 4th, it might feel natural to you to travel around or you might even choose to live abroad - or with Uranus here, you may experience many changes of home(many unexpected moves). With the Sun or Moon in the 4th, you might be so strongly connected to home and homeland that uprooting yourself will not be easy - your Sun here suggests your life revolves around home in some way, the Moon that your emotional wellbeing is closely tied to it. With Pluto you can feel that your home is intense and that you are always transforming through it (but it can also leave bad memories). With Mercury can mean that you change your home a lot. With Mars you may feel that your home is often chaotic or aggressive and you are looking for a home where you can become independent. With Neptune many times your home is confusing, strange. Many times you find your ideal place somewhere by the ocean. With Venus your home is loving, genuine and you have loving parents to whom you love to return. But it can involve a lot of money or love based on it. So you can feel that your parents never really appreciated you if you didn't have money.

🧚🏼‍♀️About Aquarius: I want to say one thing about them. I would say that if they really really want they will do it. But most likely they are independent people & lost souls sometimes. I think that they are scared of attachment. So that's why they are rather alone. They are looking for someone. Who will be goofy as they are.

💌I think Valentine's Day is for Libras. Libra is a sign of love, romance,beautiful things. And if any sign is inclined to & like to celebrate this day, it's definitely the Libra. But I find it a little strange that it is in Aquarius season.

💘Cupido is definitely a Sagittarius sign. Although people don't believe that Sagittarians are so loving and romantic, but they really are. Cupido shoots into the hearts of people who are meant to be together. If you hit a sagittarius deep in the heart with your love, then you can see the true side of them. Then you can see how loving they are.

🌅The people you attract into your life are usually connected to your North Node.For ex.: North node in Virgo in your 8th house- you will mostly be attracted to people who have a virgo placements, scoprpio placements, or pisces/ taurus placements.

🌊Pluto symbolizes power in whatever house it is. The power you feel in yourself and the people around you. Strong experience of feelings. For ex.: 5th house - privacy, romance, jealousy, strong emotions, strong happiness, attitude towards the things you do, you feel strong love, devotion. Obsession with changing partners maybe or affairs idk. 6th house - obsessed with perfection, control, work, high expectations. 7th house - you attract a lot of possessive partners, obsession with your partner, but at the same time you can be afraid to get into a relationship, mistrust. 8th house rulership- curious, constant control, secrets, power over your secrets, emotional transformations, many dark things, connection with birth and death, great interest in hidden things. 10th house - people can see you as a strong opponent, driven for a career, they can see you as a person who has a lot of secrets, you can present people with challenges. Big influence.

-Rebekah🧚🏼‍♀️🩰🌙

[autumngracy]

"Trump is better for the economy, though!"

Aside from almost every major economist agreeing that Trump's economic plans would actually make things far worse than they are now, this man can't even manage his campaign's, his businesses', OR his personal finances.

Case in point, here a list from Public Opinion of his failed business endeavors:

"Trump's companies have filed for bankruptcy at least six times. This is no exaggeration. Digital World noted this in its SEC filings. This excludes additional business failures that might not have declared bankruptcy, but closed owing vendors, employees and others."

"For the record, here are some of Trump's noteworthy business failures."

Trump Airlines — Trump borrowed $245 million to purchase Eastern Air Shuttle. He branded it Trump Airlines. He added gold bathroom fixtures. Two years later Trump could not cover the interest payment on his loan and defaulted.

Trump Beverages — Although Trump touted his water as "one of the purest natural spring waters bottled in the world," it was simply bottled by a third party. Other beverages, including Trump Fire and Trump Power, seem not to have made it to market. And Trump's American Pale Ale died with a trademark withdrawal.

Trump Game — Milton Bradley tried to sell it. As did Hasbro. After investment, the game died and went out of circulation.

Trump Casinos — Trump filed for bankruptcy three times on his casinos, namely the Trump Taj Mahal, the Trump Marina and the Trump Plaza in New Jersey and the Trump Casino in Indiana. Trump avoided debt obligations of $3 billion the first time. Then $1.8 billion the second time. And then after reorganizing, shuffling money and assets, and waiting four years, Trump again declared bankruptcy after missing ongoing interest payments on multi-million dollar bonds. He was finally forced to step down as chairman.

Trump Magazine — Trump Style and Trump World were renamed Trump Magazine to reap advertising dollars from his name recognition. However, Trump Magazine also went out of business.

Trump Mortgage — Trump told CNBC in 2006 that "I think it's a great time to start a mortgage company. … The real-estate market is going to be very strong for a long time to come." Then the real estate market collapsed. Trump had hired E.J. Ridings as CEO of Trump Mortgage and boasted that Ridings had been a "top executive of one of Wall Street's most prestigious investment banks." Turned out Ridings had only six months of experience as a stockbroker. Trump Mortgage closed and never paid a $298,274 judgment it owed a former employee, nor the $3,555 it owed in unpaid taxes.

Trump Steaks — Trump closed Trump Steaks due to a lack of sales while owing Buckhead Beef $715,000.

Trump's Travel Site — GoTrump.com was in business for one year. Failed.

Trumpnet — A telephone communication company that abandoned its trademark.

Trump Tower Tampa — Trump sold his name to the developers and received $2 million. Then the project went belly-up with only $3,500 left in the company. Condo buyers sued Trump for allegedly misleading them. Trump settled and paid as little as $11,115 to buyers who had lost hundreds of thousands of dollars.

Trump University or the Trump Entrepreneur Initiative — Trump staged wealth-building seminars costing up to $34,995 for mentorships that would offer students access to Trump's secrets of success. Instructors turned out to be motivational speakers sometimes with criminal records. Lawsuits and criminal investigations abound.

Trump Vodka — Business failed due to a lack of sales.

Trump Fragrances — Success by Trump, Empire by Trump, and Donald Trump: The Fragrances all failed due to being discontinued, perhaps as a result of few sales.

Trump Mattress — Serta stopped offering a Trump-branded mattress, again likely due to slacking sales.

Truth Social — This existing Trump business owes big money, and may well be breathing its last.

And then of course is his long history of stiffing contractors, restaurants, and even entire cities for their event venues he used for his rallies—as well as some of his own followers—

—such as the case where he promised a greiving hispanic American family that he would pay for the burial of their daughter, Vanessa Guillén, a servicewoman who had been brutally murdered by a fellow soldier at Fort Hood in 2020, but later told his chief of staff not to pay for it after learning it would cost $60,000, reportedly saying "It doesn’t cost 60,000 bucks to bury a fucking Mexican!"

[literaryvein-reblogs]

Writing Notes: Death & Dying

Death - the end of life, a permanent cessation of all vital functions.

Dying - the body’s preparation for death. This process may be very short in the case of accidental death, or it can last weeks or months, such as in patients suffering from cancer.

DEATH PREPARATION

Although it is not always possible, death preparation can sometimes help to reduce stress for the dying person and their family. Some preparations that can be done beforehand include:

Inform one or more family members or the executor of the estate about the location of important documents, such as social security card, birth certificate, and others.

Take care of burial and funeral arrangements (such as cremation or burial, small reception or full funeral) in advance of death, or inform family members or a lawyer what these arrangements should be.

Discuss financial matters (such as bank accounts, credit card accounts, and federal and state tax returns) with a trusted family member, lawyer, estate executor, or trustee.

Gather together all necessary legal papers relating to property, vehicles, investments, and other matters relating to collected assets.

Locate the telephone numbers and addresses of family and friends that should be contacted upon the death.

Discuss outstanding bills (such as utilities, telephone, and house mortgage) and other expenses that need to be paid.

Collect all health records and insurance policies.

Identify the desire to be an organ donor, if any.

MOURNING & GRIEVING

The death of a loved one is a severe trauma, and the grief that follows is a natural and important part of life.

No two people grieve exactly the same way, and cultural differences play a significant part in the grieving process.

For many, the immediate response may be shock, numbness, or disbelief.

Reactions may include:

Shortness of breath, heart palpitations, sweating, and dizziness.

Other reactions might be a loss of energy, sleeplessness or increase in sleep, changes in appetite, or stomach aches.

Susceptibility to common illnesses, nightmares, and dreams about the deceased are not unusual during the grieving period.

Emotional reactions are as individual as physical reactions.

A preoccupation with the image of the deceased or feelings of hostility, apathy, emptiness, or even fear of one’s own death may occur.

Depression, diminished sex drive, sadness, and anger at the deceased may be present.

Bereavement may cause short- or long-term changes in the family unit or other relationships of the bereaved.

It is important for the bereaved to work through their feelings and to not avoid their emotions.

Support groups are often available.

If a person does not feel comfortable discussing emotions and feelings with family members, friends, or primary support groups, they may wish to consult a therapist to assist with the process.

Various cultures and religions view death in different manners and may conduct mourning rituals according to their own traditions.

Visitors often come to express their condolences to the family and to bid farewell to the deceased.

Funeral services may be public or private.

Family or friends of the deceased may host a gathering after the funeral to remember and celebrate the life of the deceased, which also helps the bereaved to begin the mourning process positively.

Knowing how much a loved one is cherished and remembered by friends and family can provide comfort to those who experienced the loss.

Other methods of condolences include sending flowers or cards to the home or the funeral parlor, sending a donation to a charity that the family has chosen, or bringing a meal to the family during the weeks after the death.

Source ⚜ More: Writing Notes & References ⚜ Pain ⚜ Bereavement Death & Cheating Death ⚜ Pain & Violence ⚜ Death & Sacrifice

[phoenixyfriend]

Ko-Fi prompt from Isabelo:

Hi! I'm new to the workforce and now that I have some money I'm worried it's losing its value to inflation just sitting in my bank. I wanted to ask if you have ideas on how to counteract inflation, maybe through investing?

I've been putting this off for a long time because...

I am not a finance person. I am not an investments person. I actually kinda turned and ran from that whole sector of the business world, at first because I didn't understand it, and then once I did understand it, because I disagreed with much of it on a fundamental level.

But... I can describe some factors and options, and hope to get you started.

I AM NOT LEGALLY QUALIFIED TO GIVE FINANCIAL ADVICE. THIS IS NOT FINANCIAL ADVICE.

What is inflation, and what impacts it?

Inflation is the rate at which money loses value over time. It's the reason something that cost 50 cents in the 1840s costs $50 now.

A lot of things do impact inflation, like housing costs and wage increases and supply chains, but the big one that is relevant here is federal interest rates. The short version: if you borrow money from the government, you have to pay it back. The higher the interest rates on those loans, the lower inflation is. This is for... a lot of reasons that are complicated. The reason I bring it up is less so:

The government offers investments:

So yeah, the feds can impact inflation, but they also offer investment opportunities. There are three common types available to the average person: Bonds, Bills, and Notes. I'll link to an article on Investopedia again, but the summary is as follows: You buy a bill, bond, or note from the government. You have loaned them money, as if you are the bank. Then, they give it back, with interest.

Treasury Bills: shortest timeframe (four weeks to a year), and lowest return on investment. You buy it at a discount (let's say $475), and then the government returns the "full value" that the bond is, nominally (let's say $500). You don't earn twice-yearly interest, but you did earn $25 on the basis of Loaning The Government Some Cash.

Treasury Notes: 2-10 year timeframe. Very popular, very stable. Banks watch it to see how they should plan the interest rates for mortgages and other large loans. Also pretty high liquidity, which means you can sell it to someone else if you suddenly need the cash before your ten-year waiting period is up. You get interest payments twice a year.

Treasury Bonds: 20-30 years. This is like... the inverse of a house mortgage. It takes forever, but it does have the highest yield. You get interest payments twice a year.

Why invest money into the US Treasury department, whether through the above or a different government paper? (Savings bonds aren't on sold the set schedule that treasury bonds are, but they only come in 30-year terms.)

It is very, very low risk. It is pretty much the lowest risk investment a person can make, at least in the US. (I'm afraid I don't know if you're American, but if you're not, your country probably has something similar.)

Interest rates do change, often in reaction or in relation to inflation. If your primary concern is inflation, not getting a high return on investment, I would look into government papers as a way to ensure your money is not losing value on you.

This is the website that tells you the government's own data for current yield and sales, etc. You can find a schedule for upcoming auctions, as well.

High-yield bank accounts:

Savings accounts can come with a pretty unremarkable but steady return on investment; you just need to make sure you find one that suits you. Some of the higher-yield accounts require a minimum balance or a yearly fee... but if you've got a good enough chunk of cash to start with, that might be worth it for you.

They are almost as reliable as government bonds, and are insured by the government up to $250,000. Right now, they come with a lower ROI than most bonds/bills/notes (federal interest rates are pretty high at the moment, to combat inflation). Unlike government papers, though, you can deposit and withdraw money from a savings account pretty much any time.

Certificates of Deposit:

Okay, imagine you are loaning money to your bank, with the fixed term of "I will get this money back with interest, but only in ten years when the contract is up" like the Treasury Notes.

That's what this is.

Also, Investopedia updates near-daily with the highest rates of the moment, which is pretty cool.

Property:

Honestly, if you're coming to me for advice, you almost definitely cannot afford to treat real estate as an investment thing. You would be going to an actual financial professional. As such... IDK, people definitely do it, and it's a standby for a reason, but it's not... you don't want to be a victim of the housing bubble, you know? And me giving advice would probably make you one. So. Talk to a professional if this is the route you want to take.

Retirement accounts:

Pension accounts are a kind of savings account. You've heard of a 401(k)? It's that. Basically, you put your money in a savings account with a company that specializes in pensions, and they invest it in a variety of different fields and markets (you can generally choose some of this) in order to ensure that the money grows enough that you can hopefully retire on it in fifty years. The ROI is usually higher than inflation.

These kinds of accounts have a higher potential for returns than bonds or treasury notes, buuuuut they're less reliable and more sensitive to market fluctuations.

However, your employer may pay into it, matching your contribution. If they agree to match up to 4%, and you pay 4% of your paycheck into an pension fund, then they will pay that same amount and you are functionally getting 8% of your paycheck put into retirement while only paying for half of it yourself.

Mutual Funds:

I've definitely linked this article before, but the short version is:

An investment company buys 100 shares of stock: 10 shares each in 10 different "general" companies. You, who cannot afford a share of each of these companies, buy 1 singular share of that investment company. That share is then treated as one-tenth of a share of each of those 10 "general" companies. You are one of 100 people who has each bought "one stock" that is actually one tenth of ten different stocks.

Most retirement funds are actually a form of mutual fund that includes employer contributions.

Pros: It's more stable than investing directly in the stock market, because you can diversify without having to pay the full price of a share in each company you invest in.

Cons: The investment company does get a cut, and they are... often not great influences on the economy at large. Mutual funds are technically supposed to be more regulated than hedge funds (which are, you know, often venture capital/private equity), but a lot of mutual funds like insurance companies and pension funds will invest a portion of their own money into hedge funds, which is... technically their job. But, you know, capitalism.

Directly investing in the stock market:

Follow people who actually know what they're doing and are not Evil Finance Bros who only care about the bottom line. I haven't watched more than a few videos yet, but The Financial Diet has had good energy on this topic from what I've seen so far, and I enjoy the very general trends I hear about on Morning Brew.

That said, we are not talking about speculative capital gains. We are talking about making sure inflation doesn't screw with you.

DIVIDENDS are profit that the company shares to investors every quarter. Did the company make $2 billion after paying its mortgages, employees, energy bill, etc? Great, that $2 billion will be shared out among the hundreds of thousands of stocks. You'll probably only get a few cents back per stock (e.g. Walmart has been trading at $50-$60 for the past six months, and their dividends have been 57 cents and then 20.75 cents), but it adds up... sort of. The Walmart example is listed as having dividends that are lower than inflation, so you're actually losing money. It's part of why people rely on capital gains so much, rather than dividends, when it comes to building wealth.

Blue Chip Stocks: These are old, stable companies that you can expect to return on your investment at a steady rate. You probably aren't going to see your share jump from $5 to $50 in a year, but you also probably won't see it do the reverse. You will most likely get reliable, if not amazing, dividends.

Preferred Stocks: These are stock shares that have more reliable dividends, but no voting rights. Since you are, presumably, not a billionaire that can theoretically gain a controlling share, I can't imagine the voting rights in a given company are all that important anyway.

Anyway, hope this much-delayed Intro To Investing was, if not worth the wait, at least, a bit longer than you expected.

Hey! You got interest on the word count! It's topical! Ish.

[bunniesandbeheadings]

Since you have been here for many years how was the frev community ~10 years ago? Different than today? We're there more or less people?

There were waaaaaaay less people. Like, fanart? Not appearing in this picture. Like, I remember even making a post when I was a youngster, that pretty much was like “it makes me sad that none of my Robespierre posts will ever get over 65 notes, and if they do, it will inevitably lead to an argument because he’s controversial.”

These days? … very different numbers.

And also the discussions were less academic. It pretty much constant, and I mean constant, and incredibly annoying (I say this as one of the people who was very much doing this annoying thing) “Robespierre not dictator.”

Like. That was the sum total of the discourse.

Sometimes there was a kerfuffle like “oh no, I like Camille Desmoulins, and so that means I need to hate Saint just, and that means i must have a fist fight in the parking lot with anyone who likes Saint just.”

These days, I see a lot more nuanced discussions and debates! It makes me sad that I’m a grown woman now with a job and a mortgage and a career and so I don’t have the time to invest in the More Nuanced discussions.

[pollsuncensored]

note: "own my own home" includes paying off a mortgage.

[realcleverissues]

An actually great article on some issues with Kamala's housing plan.

tl;dr + my commentary:

$25k downpayment assistance only helps those who have enough money to potentially buy a house. i.e. helps the middle-to-upper class. (Assuming a home is a good investment compared to other options. More on that in a moment.)

Banning corporate landlordship has positive effects for housing for *buyers* but reduces supply for *renters*. This can actually lead to gentrification (as has happened in places where this has been tried). Iow, bad for lower-to-middle income earners. So, in short, those plans help the wealthy but harm the poor.

Fundamentally: Since housing is viewed socially as an investment, homeowners want their investments to maximize profits. This is one reason for zoning laws: Fewer homes make existing homes more expensive. That's precisely why the housing market is so high: not enough homes. Everyone's essentially bidding for the limited supply. (Note: Studies have shown that allowing for more density does not drive down prices. This is because, while a $1M home might be worth only $900K with sufficient home supply, the *property* of the home may now be worth $1.5M. This is because relaxed zoning would allow for more homes to be built on the same spot. So developers can replace a $1M home (now $900k home) with, say, a duplex worth $1.5, or with a 4 story apartment building worth $3M. Additionally, more home availability translates into less poverty, homelessness, addiction, and crime, further raising values. That said, while home values may not suddenly fall, the growth in their value would be slowed tremendously. Instead of, say, 8% value increases each year, it might go to, say, 4%. This means that homes would no longer be as great an investment as they currently are. In this scenario, middle-class earners might be better off investing in something else rather than pouring their money into a house. This is the extra kink related to the first point above.) This is one of the tensions found in capitalism: Businesses love limited supply bc that inflates value and price; consumers love sufficient supply bc it lowers prices toward cost. This creates a tension between homeowners (who like limited supply) and non-homeowners (who want ample supply). Right now, the homeowners are winning. Rules like single family zoning heavily benefit homeowners, and bc changes to local law are made at the local level (i.e. people already living there), it again becomes hard to change.

As a result of the above point, we find an additional problem: Creating more homeowners would, in effect, create more NIMBYs, since again, the assumption among homeowners is that changing zoning laws would harm their investment.

Personally, my top three solutions would be:

a. Eliminate or massively reduce single family zoning b. Institute a land tax. It doesn't have to entirely replace the current property tax system, but even a small change could incentivize positive changes (like smaller lot zoning, less land hoarded for development, etc). c. Financially and legislatively encourage the growth of non-profit rental options and organizations. Landlording is literally the definition "rent seeking" in economic terms: pointless middlemen who make more than their work due to having privileged position. Much like the issue of insurance companies causing increased prices in US healthcare, we could save consumers a lot of money if we cut them out and replaced them with non-profit entities. So instead of your rent paying the landlord's mortgage and lifestyle, renters could see reduced rates that reflect the *lifetime* value of the home (not just the mortgage period, which is often half as much), and the actual costs to maintain it, not the inflated "market value" of what landlords can charge. This could immediately lower rental costs by at least a few percentage points, and would continue to get cheaper over the long run (since prices wouldn't rise with market values). Additionally, unlike something like medicare, we really don't need everyone to participate. Non-profit rentals can live alongside for-profit rentals. Some people may not mind paying extra for more luxurious rentals. And that's great for them. But lots of people would love to have regular, non-luxury options.

[gailthenotegal]

Real Estate Note Investing With Using Mortgage Notes

Gail The Note Gal offers a comprehensive guide to real estate note investing, specifically focusing on mortgage notes. With expert advice and valuable resources, Gail The Note Gal equips investors with the knowledge and tools necessary to navigate the complex world of note investing. Discover profitable opportunities and learn strategies to maximize returns in the real estate note market.

[iahmed197027]

How To Buy Real-Estate Using No Money Only Contracts

How To Buy Real Estate Using No Money, Only Contracts

Investing in real estate without upfront cash might sound too good to be true, but it’s possible through strategies like creative financing, contract assignments, and lease options. These methods have been used by savvy investors to acquire properties without needing significant capital or credit. In this post, we’ll walk you through step-by-step methods for buying real estate with no money, only contracts.

1. Understand Contract-Based Real Estate Investing

Contracts play a vital role in real estate transactions. When used creatively, they allow you to control property and generate profits without owning it outright. Here are a few strategies to buy real estate using contracts alone:

• Wholesaling

• Lease Option (Rent-to-Own) Agreements

• Subject-To Financing

• Seller Financing

2. Wholesaling Real Estate: Assigning Contracts for Profit

In wholesaling, you find distressed properties under market value, secure them with a purchase agreement, and assign that contract to an end buyer for a fee. The key here is control—without ever buying the property yourself.

How it works:

1. Identify a motivated seller and negotiate a low purchase price.

2. Sign a contract with the seller to buy the property.

3. Find an investor willing to buy at a higher price.

4. Assign the contract to the investor, collecting a fee (your profit) at closing.

This method requires excellent networking and negotiation skills but no large upfront cash investments.

3. Lease Options: Control the Property Now, Buy Later

A lease option allows you to lease a property with the option to buy it later. This strategy is popular because you control the property without committing to a mortgage right away.

How it works:

1. Sign a lease agreement with the seller, including an option-to-purchase clause.

2. Pay a small “option fee” (sometimes negotiated to zero).

3. Rent the property, with part of the rent going towards the purchase price.

4. Buy the property later at an agreed-upon price if you choose.

This approach gives you control over the property and time to save for the final purchase or find other financing.

4. Subject-To Financing: Take Over the Seller’s Loan

In a subject-to deal, you take over the existing mortgage payments from the seller without formally assuming the loan. The property title transfers to you, but the original loan remains in the seller’s name.

How it works:

1. Negotiate a “subject-to” deal with a motivated seller.

2. Sign a purchase contract and take control of the property.

3. Continue making mortgage payments to the lender on the seller’s behalf.

This strategy works best with sellers facing foreclosure or those wanting to move quickly.

5. Seller Financing: Skip the Bank, Deal Directly with the Seller

Seller financing eliminates banks from the equation. The seller agrees to act as the lender and finances the sale for you through a promissory note.

How it works:

1. Negotiate terms with the seller (interest rate, down payment, etc.).

2. Sign a purchase agreement and promissory note.

3. Make payments directly to the seller according to agreed terms.

With this method, credit checks are usually less strict, and down payments are often negotiable.

6. Important Tips for Success

1. Build a Network: Success in real estate depends heavily on networking with agents, investors, and motivated sellers.

2. Learn the Laws: Different states have different rules around real estate contracts—be sure to understand local regulations.

3. Negotiate Wisely: In these strategies, your negotiation skills will determine your profit margins.

4. Use an Attorney: To protect yourself, have an attorney review contracts before signing.

5. Start Small: Test these strategies on smaller deals before jumping into larger properties.

7. Conclusion: You Can Buy Real Estate Without Cash

Buying real estate with no money down may sound unconventional, but these strategies prove it’s possible to succeed with the right contracts. Whether you use wholesaling, lease options, subject-to financing, or seller financing, these methods rely on creativity and negotiation rather than large sums of cash.

By understanding these contract-based strategies, you can unlock new opportunities in real estate and build a portfolio even without upfront capital. With time and experience, you can scale these strategies and generate significant profits.

Are you ready to dive into creative real estate investing? Let us know in the comments below if you’ve tried these methods or if you have any questions!

[bitchesgetriches]

One of the most common questions we get here at Bitch HQ is “… creeeediiiiit??????” And that’s not surprising! The system of credit reporting, credit scores, and credit cards is hella confusing. It’s also pretty fucking classist, racist, and ageist… by design. Heckin’ scary, man!

So to fulfill our mission of [checks notes] sticking it to The Man by democratizing financial acumen, we’ve written and said a ton on this topic. Here it all is: our primer to understanding and managing your credit so you can use it to get ahead… or at least prevent it from getting you down.

Understanding credit

Dafuq Is Credit and How Do You Bend It to Your Will?

Dafuq Is a Down Payment? And Why Do You Need One to Buy Stuff?

Ask the Bitches: Should I Get a Loan Even Though I Can Afford To Pay Cash?

Season 2, Episode 10: “Which Is Smarter: Getting a Loan? or Saving up to Pay Cash?”

Ask the Bitches: What’s the Difference Between Credit Checks and Credit Monitoring?

When (And How) To Try Refinancing or Consolidating Student Loans

Season 3, Episode 7: “I’m Finished With the Basic Shit. What Are the Advanced Financial Steps That Only Rich People Know?”

Buy Now Pay Later Apps: That Old Predatory Lending by a Crappy New Name

Using credit

How to Instantly Increase Your Credit Score

How to Build Good Credit Without Going Into Debt

Case Study: Held Back by Past Financial Mistakes, Fighting Bad Credit and $90K in Debt

Season 1, Episode 3: “My Parents Have Bad Credit. Should I Help by Co-signing Their Mortgage?”

Season 3, Episode 2: “I Inherited Money. Should I Pay Off Debt, Invest It, or Blow It All on a Car?”

Season 2, Episode 2: “I’m Not Ready to Buy a House—But How Do I *Get Ready* to Get Ready?”

Credit cards

A Hand-holding Guide To Getting Your First Credit Card

63% of Millennials Are Making a Big Mistake With Credit Cards

Let’s End This Damaging Misconception About Credit Cards

The Best Way To Pay off Credit Card Debt: From the Snowball To the Avalanche

Credit Card Companies HATE Her! Stay Out of Credit Card Debt With This One Weird Trick

Season 4, Episode 3: “My credit card debt is slowly crushing me. Is there any escape from this horrible cycle?”

We’ll periodically update this masterpost as we continue to write tutorials and answer questions on credit. So if there’s anything you’re confused about, keep the questions coming!

And if we’ve helped you increase your credit score or pay off your credit card debt, consider tossing a coin to your Bitches through our PayPal. It ensures we can pay our lovely assistant and keep bringing you free articles and episodes like those above.

[insert-witty-user-name-here]

10+ Good Things Biden has Done: Healthcare, Housing, and LGBTQ+ Edition

Just a list of 10+ good things Biden has done in the last 4 years because I’ve been hearing too much rhetoric that it doesn’t matter who you vote for. It does make a difference. 

Find more 10+ good things here, here, and here.

Increased access to healthcare and specifically codified protections for LGBTQ+ patients against discrimination. (x) 

Strengthened women's reproductive rights by increasing access to reproductive health care, improving confidentiality to protect against criminalization for patients receiving reproductive care, and revoked Medicaid waivers from states that would exclude providers like Planned Parenthood, and more. (x)

Expanded healthcare and benefits for veterans through the PACT Act (x)

Cemented protections for pregnant and postpartum workers through the Pregnant Workers Fairness Act and PUMP for Nursing Mothers Act. 

Improved access to nursing homes for those who receive Medicaid services and established, for the first time, a national minimum staffing requirement for nursing homes to ensure those in their care receive sufficient support.  (x) 

Lowered healthcare costs for those with Medicare which capped insulin for seniors at $35 a month, made vaccines free, and capped seniors’ out of pocket expenses at the pharmacy through the Inflation Reduction Act. 

Fully vaccinated 79% of American adults against COVID-19 (I know this is old news now this is a big deal) 

Banned unfair practices that hide housing fees from renters and homebuyers when moving into a new home (x) 

Reduced the mortgage insurance premium for Federal Housing Administration (FHA) mortgages and clarified that inflated rents caused by algorithmic use of sensitive nonpublic pricing and supply information violate antitrust laws. (x) 

Increased protections for those saving for retirement from predatory practices. (x)

Helped millions of households gain access to the internet through the Affordable Connectivity Program. (x) 

Restored net neutrality (net neutrality is a standard which ensures broadband internet service is essential and prohibits interna providers from blocking, engaging in paid prioritization, and more.) (x)

Increased protections for loan holders as well as increased access to loans (x)

Cut fees that banks charge consumers for overdrawing on their accounts. (x)

Reaffirmed HUD’s commitment to remedy housing discrimination under the Fair Housing Act (which was– surprise, surprise– halted under the Trump administration). (x)

Required the U.S. federal government and all U.S. states and territories to recognize the validity of same-sex and interracial civil marriages by passing the Respect for Marriage Act, repealing the Defense of Marriage Act.

Reversed Trump’stransgender military ban.

Proposed investments in a lot of programs including universal pre-k, green energy, mental health programs across all sectors, a national medical leave program for all workers and more. (x) 

Last… let’s also not forget all the truly terrible things Trump did when he was in office. If you need a reminder, scroll this list, this one mostly for giggles + horror, for actual horror about what a Trump presidency has in store, learn about ‘Project 2025’ from the Heritage Foundation. I know this post is about reasons to vote FOR Biden but let’s not forget the many, many reasons to vote for him over Trump.

Looking for more?

10+ good things Biden has done in education and immigration

10+ good things Biden has done in the justice and courts system

10+ good things Biden has done in climate and labor

A few other notes

Voting for Biden or Trump shouldn’t be the only reason you vote. You know what elections have more power over your life? LOCAL elections. If you’re not feeling jazzed about Biden… vote for someone really cool running for mayor, or your rep, or on your school board and then begrudgingly vote for Biden. 

A reminder that if someone online is trying to discourage you to vote there’s a good chance they are a paid actor to do so. Voter suppression was a well-documented tactic during the 2016 election and I’m sure the trolls are out in force again. 

Check your voter registration here, make a plan to vote, and encourage your friends to vote as well. 

All in all, yeah… there’s a lot of shitty things still happening. There’s always going to be shit but things aren’t going to change on their own. And that change starts (it certainly doesn’t end) with voting. 

Go vote in November.

[applythaivisa]

Title Search in Thailand

A title search in Thailand is an indispensable step in the property acquisition process. It's a comprehensive investigation into a property's ownership history, legal status, and any encumbrances. While the concept is similar to other countries, the intricacies and potential challenges in Thailand necessitate a deeper understanding.

Understanding Thai Land Titles

Before delving into the search process, it's crucial to grasp the different types of land titles in Thailand:

Chanote Title: Considered the most secure, it provides a comprehensive legal description of the land, including boundaries, ownership, and land use restrictions.

Nor Sor 3 Gor: This is a provisional title, issued when land boundaries are uncertain or disputed. While it confers ownership, it lacks the legal certainty of a Chanote.

Nor Sor 4 Gor: This is a basic land ownership document, primarily used for government-owned land. It offers less legal protection than the previous two.

The Title Search Process

A typical title search involves the following steps:

Property Identification: Accurately locating the property is paramount. This includes verifying the address, land plot number, and Tambon (sub-district).

Land Department Visit: The search is conducted in person at the Land Department where the property is registered. This involves examining physical land records, which can be time-consuming and requires a thorough understanding of Thai legal language.

Document Analysis: The search includes scrutinizing several documents:

Chanote or Nor Sor: The primary title deed, verifying ownership and land details.

Tabien Baan: The house registration document, if applicable.

Mortgage and Lien Records: To identify any financial obligations attached to the property.

Court Judgments: Checking for any legal actions affecting the property.

Land Use Permits: Ensuring the property is used in accordance with zoning laws.

Chain of Title Investigation: Tracing the property's ownership history to verify the seller's legal right to the property.

Boundary Verification: Comparing the property's legal description with the physical boundaries on the ground. This often requires a site visit.

Potential Challenges and Risks

Despite its importance, a title search in Thailand is fraught with challenges:

Language Barrier: The majority of land records are in Thai, making it difficult for foreigners to interpret.

Complex Legal System: Thai property law can be intricate, with nuances that require legal expertise.

Record Keeping: While improving, the Land Department's record-keeping system can be inefficient and inconsistent.

Fraudulent Titles: There have been cases of fraudulent land titles, emphasizing the need for a meticulous search.

The Role of Experts

Given the complexities, engaging a qualified legal or property professional is highly recommended. They possess the language skills, legal knowledge, and experience to navigate the process effectively. A comprehensive title search, conducted by experts, can significantly mitigate risks and provide peace of mind for property buyers.

Note: While technology is gradually being introduced to streamline the title search process in Thailand, the traditional method of in-person inspection remains the norm for comprehensive due diligence.

By understanding the intricacies of title search in Thailand, buyers can make informed decisions and protect their investments.

[andmaybegayer]

I think most americans look at a house as a primary store of wealth because there isn't really anything else available to store wealth in.

If you keep your money in a bank, you are losing single digit percentages of value every year (or double digit last year depending on how you do the math). Stock market investments are dubious on the best of days if you don't already possess the vast quantities of wealth needed to mitigate risk effectively, and most americans alive today have lived through multiple major recessions now, they know exactly how bad those can get. Motor vehicles don't typically last longer than a decade and a half even with the best maintenance possible, and other big ticket items that hold onto value well like businesses or resource rich property are inaccessible to someone who isn't interested in dedicating themselves to maintaining them.

By contrast, a house is something you benefit from very directly by owning, will maintain by virtue of needing to live in it, and are offered a variety of legal protections and insurance options to mitigate much of the risk of ownership. It may not make for an ideal society, but it does make sense from the perspective of someone who would like to try and actually accumulate wealth during their lifetime.

I do get the appeal of homeownership from a flexibility and personal benefit thing, not having to wait for some asshole to tell you you can't hang pictures is great, but I think for every person who values control over their home, there's someone else who just wants a place to live for the next two years.

The faulty instinct is that the house is the valuable part, as noted by that article. Buying a house as a store of value only works if the land it's on goes up in value. Buying land in bumfuck nowhere because you want to buy a house isn't a good idea, and buying land in a valuable area is probably beyond most people who are worried about where to direct their very limited funds.

I'm not as convinced as you about the idea that a modern diversified index fund is worse than landownership (especially for the non-ultra-wealthy) for your median American living in suburbs outside of high-demand city centers. I'm also not sure land is much less resilient to financial crashes, especially if you're still paying off your mortgage on pre-crash pricing.

Any idiot can invest in your basic Vanguard mutual fund without having to save up $25+k on a downpayment, versus what, like $2000 minimum initial investment for Vanguard? I don't know what S&P500 minimums are like. And they strongly tend to beat inflation year on year without the ongoing costs of home maintenance, bubble risk, and risk of just getting a crap location that doesn't improve.

That's to say nothing of significant transaction fees, land and property taxes, and overhead if you ever need to move homes. It's also much easier to continuously siphon off a little money to put into a mutual fund than it is to add money to a house.

Of course, stock prices crash, but that tends to coincide with housing price crashes, and it's harder to weather out a housing price crash with a huge mortgage to pay off than it is to weather leaving your investments to recover, especially if you're dealing with them in the long view. There's definitely certain situations where a house is a sensible investment but I think that's rarely the best reason to buy a house.