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08 May 2019
By Aadil Nathoo

How to Become A Billionaire Land Trader

Real Estate, ,
Trading land like a billionaire relies on three simple premises. The first one is to acquire the land for cheap. The second one is to never intend to sell it. The third one is, if you trade it, trade up. Howard Hughes Billionaires that start with an inheritance have an advantage. Howard Hughes was born into wealth. His father invented an oil drill that penetrated difficult, hard rock, which made Howard Hughes one of the richest men in the world from his inheritance. Hughes visited Las Vegas during WWII for the first time. Then, in the 1950s, he traded some…
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07 May 2019
By Aadil Nathoo

Can I Qualify For A Mortgage Without W-2 Income?

Mortgage, ,
It's more common these days to have non-traditional income that doesn't fall into the W-2 category. Many people work in what is referred to as the "gig economy," where income might come from a variety of freelance sources. Other times, people don't have W-2 income because they are retired or have an independent source of wealth that generates interest income. Still other times, an individual may own their own business and take draws instead of a paycheck. In all these cases, it might seem impossible to qualify for a mortgage, since there's no W-2 income.  Lenders Are Understanding Thankfully, many…
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06 May 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – May 6th, 2019

Financial Reports, ,
Last week's economic news brought good news to U.S. consumers on several fronts. Mortgage rates fell and national unemployment fell to its lowest rate in 50 years. Inflation slowed and the Federal Reserve held its target federal funds rate steady. Freddie Mac analysts credited strong labor markets, high consumer confidence and falling mortgage rates as factors setting the stage for more home sales. Pending Home Sales Rise as Construction Spending Falls The National Association of Realtors® reported higher pending home sales in March; home sales under contract but not completed rose 3.89 percent in March as compared to February's negative…
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03 May 2019
By Aadil Nathoo

States With The Best Opportunities To Acquire Investment Property

Real Estate, ,
Real estate investors sometimes get stuck in a rut. They repeat the same type of investment that they did before. This is not necessarily a bad thing because a successful experience is worth repeating. However, it is also a good idea to occasionally take a look at the big picture as well, to see what else is out there for investment consideration. Real estate markets go up and down. This can be a regional phenomenon. In some states, there are lots of properties that are "underwater." This means the owners borrowed more on their property than it is currently worth.…
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02 May 2019
By Aadil Nathoo

FOMC Statement: No Changes to Key Fed Rate

Market Outlook, ,
The meeting of the Federal Reserve's Federal Open Market Committee ended Wednesday with the Committee's customary post-meeting statement recapping monetary policy matters considered by the Committee. Members voted not to change the current target rate range of the federal funds rate. The current rate range of 2.25 percent to 2.50 percent. Federal Funds Target Rate Range: Monetary Policymakers Remain "Patient" FOMC members cited low inflation pressures, global and domestic economic and financial developments as supporting the Committee's decision to leave the Federal funds rate unchanged despite recent political pressures to lower the rate and increase the Fed's accommodative stance toward boosting…
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