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Douglas Elliman launches in-house mortgage platform

Housing Wire

Clients will have access to “competitive rates and diverse loan products” in a “seamless integration,” he added. Elliman Capital will provide agents with direct access to mortgage professionals, enabling them to refer clients, track loan progress and receive real-time updates from property search to closing.

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14 lucrative jobs in real estate with high earning potential

Housing Wire

Mortgage loan originator (MLO) or mortgage broker License or education required: Yes Average national salary: ~$60,000 to ~87,000 Job description: A loan originator, or loan officer, plays an essential role in the process of purchasing property. Similar to an MLO, a mortgage broker finds financing for buyers.

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A new source of affordable housing inventory: Private seller auctions

Housing Wire

Tony Richards recently purchased four properties in his hometown of Montgomery, Alabama. He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA).

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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

Build a network of reliable professionals like real estate agents, contractors, and property managers. Fix and flip: This involves buying a property that needs improvement, repairing it, and selling for a profit. They’re an excellent way to invest in real estate without owning property needing maintenance and tenants.

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Truework launches automated income verification platform

Housing Wire

The platform will give property managers and mortgage lenders access to a comprehensive, end-to-end verification tool. The company added bank income and tax transcripts to its existing data methods, which include an instantly available database, payroll connectivity, automatic communications and document management.

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How to Buy a Multifamily Property in 10 Steps

The Close

It is generally more straightforward and manageable than purchasing a large commercial property. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs.

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How to Buy Multiple Rental Properties With Financing Options

The Close

Lenders prefer to see fully stabilized properties when you’re looking for home equity loans or lines of credit. Also, be aware that some lenders have a “seasoning period,” essentially how long you’ve owned or financed the property. These loans can have rates from 12% to 18% but can be funded in 15 days.