Did you hear? TILA RESPA Integrated Disclosure Rule or TRID will be here August 2015. There are some different in’s and outs to the rule but the jist of it is that disclosure of figures has to be done 3 days prior to closing. I’ve heard lots of rumblings that closings are going to be delayed in the industry. Good news our compliance team has been working hard to ensure we are prepared. With the systems we have in place borrowers will be provided with disclosures well in advance to prevent any delay in closing. Check out these videos for more information.
Working with home buyers searching for a new primary residence is a totally different game compared to working with investors and rental property. Sure, there are similarities, but what want-to-be home owners care about is different than what an investor cares about. Frankly, for an investor, it’s all about the money and it should be. When someone purchases a rental property they are essentially running a business. If we can help them run a successful business and turn a profit they will likely come back and buy more properties.
There are lots of want-to-be investors out there and the hardest part is getting started. We are going to help unravel the maze. We will also look at long term planning. Often just knowing what needs to happen to acquire the next property and the next one after that is one of the keys to success. Owning rental property can be a great way to build wealth and we are here to help.Visit Jeremy's Blog