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Shana Acquisto and Mike Acquisto, Broker of Acquisto Real Estate discuss the most pressing real estate topics each M-F at 8:45 am central on Acquisto Real Estate TV, a blooming real estate Talk Show.

About Brandon:
With Brandon you and your family are more than just a number or transaction. Brandon takes the time to listen and understand your priorities and long term goals – your needs always come first. Throughout the loan process, he educates and empowers his customers with multiple options and loan programs. Brandon does all the work on the front end, making the process easier for his clients.
From approval through closing, Brandon communicates with everyone involved and the real estate agent is never in the dark. He takes full ownership of your entire experience and will never pass off your loan to others to finish. As a former US Army Infantry Officer and senior leader at a Future 100 company, Brandon lives the values expected of a servant leader and understands the complexities of our financial market.

Contact Details:
214.342.0044
BRANDON@IMCTX.COM

Timestamps:
PreLive : (0:00)
Daily Overview: (4:14)
New price points for real estate financing : (5:35)
Cash VS Financing : (7:29)
Cash outs in Texas : (12:02)
Leverage your 401k : (15:15)
Buy then sell options : (19:00)
Forbearance and what we may see in the future : (22:26)
That's a Wrap : (28:23)
The End : (30:20)


Topics covered today:
Daily Overview
Roll call, share and subscribe
Topics for today
mailto:brandon@imctx.com

1. New price points for real estate financing
a. New max loan limits:
i. Conventional = $548,250
1. 5% down = roughly $575,000
2. 20% down = roughly $675,000 ($685,000)
It is a great year with great financial opportunities
ii. FHA = $356,362
1. 3.5% down = $365,000
Reach out to your clients, since things have changes because of Covid - 19 , there are great opportunities.

2. Cash VS Financing
You can eliminate a lot of stress, interest and paperwork of you pay in cash.
Being able to borrow money in a rate less than inflation is a good option as well.
a. Depends – Ramsey VS Kiosaki (highly recomended books to better understand this topics)
b. Cash purchase and then cash out REFI or HELOC if needed

3. Cash outs in Texas
a. Easy. Once per 12 month period. 80% LTV on primary, 70% on investment
Line of credit is similar, but you don't pay anything until you use it. It is a great option, it is amortized daily.

4. Leverage your 401k
a. Awesome deal
There is no more penalty for withawing money, but you still have to pay taxes. In order to avoid that you can withdraw money from your 401
401 Loan repayment

5. Buy then sell options.
They increase the cost to your client, if they have any other option it would be the best course of action.
a. Suck for your client
i. Stuck with 2 mortgages
ii. Double the costs
iii. Good for the bank only - they have great amount of interest
b. Better courses of action
c. Two deals instead of one

6. Forbearance and what we may see in the future
There are many individuals that lost jobs, lost their houses and asked forebearance.
Option 1- live there and pay for 3 months and at the end you owe it all.
Option 2 - add it to the end of the loan.
Forebearances will start to come due on February or March 2022.
More foreclosures will be coming into the market. It will present an oportunity in real estate market.

That's a Wrap
New loan limits
Cash vs financing - tough decision - always be an advisor for your client
Cash out in Texas - great opportunity to cash out
401 founds - incredibly powerful - Lindsey video
Sell options
Be prepared - knowledge

transcript:

Acquisto TV Playlists:
1st time homebuyer:
Client Playlists:
1st Time Home buyers
New Construction Purchase
Luxury Buyers ($750k +)
Super Premium Buyers ($2MM +)
Home Sellers
Luxury Home Sellers ($750K+)
Super Premium Sellers ($2MM+)

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