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Gerald Lucas

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Gerald Lucas

  • Home
  • Blog
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    • An Unexpected Discovery
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Can Non-US Citizens Get A Mortgage To Buy A Home?, Thing You Must Do Before You Make An Offer To Buy A Fix & Flip Property, New Home Buyer Problems Increase

May 31, 2022 Gerald Lucas

Can Non-US Citizens Get A Mortgage To Buy A Home?

Real Estate Tip:

Before you make a written offer to buy a rehab property, learn what real estate repairs cost (labor and materials), be conservative with your estimates and make a detailed list that you can show to potential lenders, investors and joint venture partners.

Real Estate Insight:

New home buyers are confronting multiple obstacles this year, from surging mortgage rates to home construction delays due to supply-chain and labor constraints.

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Tags Gerald Lucas, real estate tips, real estate strategies, lenders, US Citizens, home mortgage, foreign national mortgage programs, Non-US citizens, residential properties
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How Long Can You Lock Your Mortgage Interest Rate?, Budgeting For Property Repairs, Building Materials Prices Continue To Soar

May 24, 2022 Gerald Lucas

How Long Can You Lock Your Mortgage Interest Rate?

Real Estate Tip:

Put money aside for property maintenance. Two pricey items to focus on for property maintenance are your roof and your heating and cooling systems.

Real Estate Insight:

Building Material Prices Continue to Rise: According to the latest Producer Price Index, building material prices have increased 20.4% on a year-over-year basis.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage interest rate lock, lenders, home buyer borrower
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Can Manufactured Homes Fix The Housing Shortage?, How To Protect Yourself From Contractors, Home Purchase Planning Drops

May 17, 2022 Gerald Lucas

Can Manufactured Homes Fix The Housing Shortage?

Real Estate Tip:

Pay for property renovation projects by the job not by the hour. When you pay by the hour, it normally takes more time and costs you more money.

Real Estate Insight:

The share of adults planning a home purchase within a year fell for a third straight quarter in the first three months of 2022, down to 13%.

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Tags Gerald Lucas, real estate tips, real estate strategies, manufactured homes, modular homes, housing supply shortage, housing inventory
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