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Gerald Lucas

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How To Get A 3% Mortgage Loan Today, How To Protect Yourself From Repair Nightmares When You Buy A Home, Existing Home Sales Fall Again

September 26, 2023 Gerald Lucas

How To Get A 3% Mortgage Loan Today

Real Estate Tip:

Make sure any contract you sign to buy a home has an inspection contingency that provides you more than enough time to get a thorough property inspection.

Real Estate News:

Existing US home sales fell .7% in August.

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Tags Gerald Lucas, real estate tips, real estate strategies, 30 year fixed rate mortgage, FHA, VA, mortgage loan, mortgage loan assumption, mortgage balance
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Outdoor Home Improvement With Highest ROI, Rule #1 When It Comes To Property Mgmt Companies, Red October On The Horizon??

September 19, 2023 Gerald Lucas

Outdoor Home Improvement With Highest ROI

Real Estate Tip:

When you hire a property management company to manage your property, make sure you require the individual or company to sign a written agreement that spells out roles, responsibilities & payment terms.

Real Estate Insight:

$8B of multifamily commercial mortgage-backed securities is coming due in the second half of this year, with some in real estate predicting a “Red October” because of expected mortgage defaults.

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Tags Gerald Lucas, real estate tips, real estate strategies, rental property, inflation, mortgage payments, homeowners insurance, deductible, premium, claim, catastrophic loss, total loss, ROI, return on investment, outdoor home project, lawn care, landscaping
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Do You Really Need Homeowners Insurance?, Utility Company Hack To Help Value Property, Housing Unit Size Drops

September 12, 2023 Gerald Lucas

Do You Really Need Homeowners Insurance?

Real Estate Tip:

Before you buy a previously owned property, call the local utility companies to try to get historical gas, electrical and water usage info. This will help you more accurately predict your operating expenses.

Real Estate Insight:

The unit size for new housing starts has declined 10% since 2018. New single-family homes are shrinking as cost-constrained buyers respond to soaring prices and builders try to reduce building costs.

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Tags Gerald Lucas, real estate tips, real estate strategies, rental property, inflation, mortgage payments, homeowners insurance, deductible, premium, claim, catastrophic loss, total loss
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