Meetup/Mastermind Recording April 16th 2020

Please verify all info for yourself.  We are just discussing these topics, and not saying they are fact.  You MUST verify yourself!

Links shared from meeting:

• Flynn Family Lending is still lending: https://www.flynnfamilylending.com/
• Collective Genius WEBINAR From Larry Gill: What will happen to the real estate and lending markets in 2020, on Friday at 9am – https://go.thecollectivegenius.com/cg-webinar/2020-house-predictions-webinar-registration/
• InvestorShift.com
• Deep Dive into Real Estate Taxes & Accounting with Natalie Kolodij SeattleInvestorsClub.com/90
• There’s a 2-day Virtual Real Estate Conference happening tomorrow that’s free. Natalie Kolodij and Jennifer Beadles are a couple of the speakers. https://w2capsummit.com/

Some notes from meeting:

• From Nghi: Some 12% local lenders are still lending for flips.  Out-of-state lenders are lending at 9-11%, but not as reliable at closing right now.  Down payments have gone up.  Lenders are a little more wary about investor experience, large rehab, long timelines.  New construction, non-bank asset-based long-term loans, and commercial are basically all gone.
• Chris Myers: Always stay away from busy streets.
• Fron Nghi: Civic doesn’t do new construction or land.  But if you have properties with equity and want to do cash-out refi, they’re pretty good for that, although their values typically come back lower than appraised values.