Texas Commercial Real Estate Investing Workshop | Davinci Shares His Story About The Event

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Well my name is Davinci and I wanted to move from the passive side of real estate where you buy & hold properties to a more active side where you invest in properties and get a larger return I really am learning alot here today from yesterday on the bus tour of the apartments to learning the in depth safeguards and requirements of how to do investing

I think it's really cool to come here to this class and actually get certified to become a sophisticated investor where as not needing that million dollars of liquid assets so I think that's a huge huge bonus to being able to attend this event is to be able to walk out on Monday and start investing in these hotels and apartment buildings I think that's pretty powerful

Texas Commercial Real Estate Investing Workshop | What Armando Has To Say About His Experience

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"Hi, my name is Armando This weekend I'm enjoying a 3 day weekend with Canis Incubator, which is a Texas real estate Commercial real estate workshop

We're enjoying it very much So far, it's just Saturday, so we haven't hit the 3rd day So far it's good We get to go on field trips We get to get physical feels of the investments that this great group is actually making happen

I'm just happy to be hear to try to learn a small portion of what they have to offer and hopefully grow my own real estate empire here very soon as well

Texas Commercial Real Estate Investing Workshop | Kamran Shares His Story About The Event

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"Hi, I'm Kamran and I'm here for the commercial real estate event What's been great and very valuable about this experience is that we got to see – hands on – property, especially mutli family, for passive cash flow investing

But also, as well as that, we got to learn some land development, got to go over some assisted living which is a growing industry in Texas Pretty much a wealth of knowledge crammed into a couple of days I've been a real estate investor for years now and I'm still learning today"

Texas Commercial Real Estate Investing Workshop | Steve Shares His Story About The Event

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Hi I'm Steve, and I'm here for the Commercial Real Estate Investment Seminar for Texas I just want to state how much I've learned so far in the day and a half I've been here and am really looking forward to tomorrow's full day investment seminar on active commercial real estate investing

This has been a tremendous educational program and I fully endorse it and recommend that you take it if you have any interest at all in real estate investing

Do I need a 20% down payment to purchase a home? | #RealEstateTalk 020 | Spring Texas Real Estate

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Welcome to another episode of real estate talk I'm Jill Wente a Realtor with Better Homes and Gardens Gary Greene specializing in the Spring Texas real estate market

Today I have a special guest with me It's Stacy Gross, a branch manager for Gibraltar mortgage Stacy has been in the mortgage business for over 20 years and she has helped over 2,600 people buy a home She's joined us to answers some mortgage questions Stacy is it myth or reality that you need a 20% down payment in order to buy a home Not at all as a matter of fact conventional allows for as little as a 3% down payment assuming you're considered a first time home buyer which means that you just can't have owned a home in the past 3 years

FHA allows for 35% down payment and if you're a veteran you can finance the entire amount of the purchase price USDA also allows for 100% financing as well as long as the property qualifies So I would say that it's a myth I get that question all the time

Many people still think that you need 20% down to purchase a home and that's not the case at all You put down as little as 3% for a conventional loan? Absolutely a conventional loan says that as long as you haven't owned a home in the last three years that you can put as little as 3% down If you have owned a home in the last three years you can put as little as 5% down Most people put down payments of 5 percent increments but you can go as little as 3% If I don't have 20% to put down I can go with a lot less and put down 3% or 3

5% if I go with a FHA loan but in doing that is there additional fees I have to pay? Not at all there's not a penalty for putting a lower down payment If you do put less than 20% down on a conventional loan you will have to pay mortgage insurance or buyout of mortgage insurance There are other options to get rid of mortgage insurance but the loan has to be insured in some way when you put less than 20% down You pay a little bit more in terms of mortgage insurance but there's not a penalty nor additional fees or cost that you're going to have to pay in in terms of putting a lower down payment Fabulous I appreciate you answering those questions for us, Stacey

Thank you for tuning in to another episode of real estate talk I'm Jill Wente, a Realtor with Better Homes and Gardens Gary Greene You can reach me at 2818048626 or you can reach Stacey Gross at 281

831987 Thanks for tuning in

What is loan preapproval | #RealEstateTalk 021 | Spring Texas Real Estate

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Welcome to another episode of real-estate talk I''m Jill Wente, a Realtor with Better Homes and Gardens Gary Greene specializing in the Spring Texas real estate market

On today's episode I've got a special guest with me Stacy Gross with Gibraltar mortgage Stacy has been in the mortgage business now for over 20 years and has had the opportunity to help over 2,600 people buy a home so that's why I've got her on with us today to answer some really tough questions that are frequently asked Stacy talk to us about pre-approval What does it take to get pre-approval? Is it an easy process? Does it cost me any money? Elaborate upon that and help us understand

Absolutely and thank you for having me We get those questions all the time Being pre-approved is actually a very easy process It'll take about 10 to 15 minutes over the phone We'll ask you some questions about who you are, where you live, where you work, your income, your assets, and talk a little bit about what your goals are for purchasing in terms of purchase price, monthly payment, and down payment

Then we'll pull your credit report Do an analysis of all of those things and determine exactly how much you can qualify for or determine what price point you want to be in based upon your budget The great thing about being pre-approved is that the process is free or it should be If someone is asking you to pay for a pre-approval you really shouldn't have to Please give us a call

The second thing and the most beneficial to you is that you get information that's going to allow you to make the best decision for you and your family Everyone's got a budget which is the most important thing for everyone You know you want to make sure you're purchasing in a price point that's comfortable for you and that you can sleep at night When you make the payments and maybe have a burger at the end of the day Absolutely

Stacy during that process do you provide potential buyers with an estimated closing costs so they can get an idea as to how much money they're gonna need to bring with them on closing day Absolutely as soon as we do a consultation with you after we've pulled the credit report and ask you all those questions we will send you estimates so that you can get an idea of the monthly payment and the total cash that is going to cost you at closing There shouldn't be any surprises We do that through the process all the way up until you actually find a home What we find is that some buyers are looking in different neighborhoods with different tax rates

The tax rate can have a big impact on monthly payment so we will provide as many of those estimates as we need to So that you are extremely comfortable when you're ready to make that offer that this house is going to be one that you're going to be able to afford Fabulous, Stacey Thanks for coming on today I'm Jill Wente with Better Homes and Gardens Gary Greene

You can reach me at 2818048626 You can reach Stacey at 281831

9878 Thanks for tuning into this episode of real estate talk

Living in Katy Texas – What is it like?

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Are you thinking of moving to Katy Texas? What kind of living can you have here in Katy Texas? What kind of amenities are here? What kind of activities for your children? What kind of shopping is here? What kind of restaurants? Well that's what we're going to be talking about today, so let's get started! Hi everybody, I'm Alfredo with Houston Katy Homes Group, I'm a realtor here in Katy, Texas and today we wanted to take you out into the neighborhood and show you what Katy's like There's a lot of great places to take your kids, these are lovely communities to live in, and there's nothing like seeing it for yourselves, so come along and join us on this excursion! I'd like us to take a quick look at one of the more established communities first and then we'll have a look at a newer community and some of the shopping and restaurants that are available in these communities

Homes in older communities typically have a bigger lot size and spacious back gardens These homes range between the mid $200's to $400's There are many more mature communities just like this one The population in the City of Katy is 18,282 Work has begun on a revitalization project for the downtown area which will preserve Katy's small-town charm while adding a modern Civic Center, visitors center and an outdoor museum with green spaces

Katy's a place where small town charm and bustling city life live side-by-side The greater Katy area which includes Harris, Fort Bend and Waller Counties has an estimated 300,000 residents This is a newer community, in fact there are still many homes being completed in this community This community comes with a beautiful playground, clubhouse, swimming pool, walking trails, and a lovely lake These homes range between the mid $300s to $500s

West Houston population growth is projected to double from 13 million to 2 million by 2045 With this kind of growth comes huge opportunities in terms of economic development We're going to drive really quick to another new build community before we look at some of the amenities, shopping and restaurants that are available This is a community that still has a number of new construction homes being built

The prices range from $200k to $300k Katy has a lot to offer young families, sports of all kinds, baseball, soccer, tennis, lots of parks for the younger children with playground facilities Katy Independent School District ranks 16 out of 995 best school districts in Texas In terms of shopping Katy Mills Mall is an outlet shopping mall with over 13 million square feet of retail space

With over 200 specialty stores, it is an indoor covered mall, which is great when the summer heat makes being outdoors unpleasant The mall is currently undergoing a $30 to $40 million renovation project Work has started on a boardwalk project to develop over 200 acres close to Katy Mills Mall These plans involve a huge lake, trails and a two-mile boardwalk with restaurants, shopping, apartments and a hotel with a conference center La Centerra is another large outdoor shopping area and it has lots of dining options with lovely outdoor spaces to sit and soak up the atmosphere

There are restaurants to suit every taste, and some lovely boutique shopping There's a lot to love about Katy, this is a great place to raise your kids, this is a great school district, this is a place that's rich with activities and just things to do Houston energy corridor is just a short commute away with over 300 employers and 94 thousand employees Houston City Center is also no more than a short commute away, and here you have all the arts and culture and activities of the large city life I hope you enjoyed this short tour

There's lots more to see but we're going to save those for the next series of videos, so, you don't want to miss those, be sure to subscribe so that you don't miss a lot of the upcoming content on my channel If you're considering moving to Katy, be sure to click on the link that's in the description and download my free guide on Moving to Katy Texas Once again I'm Alfredo with Houston Katy Homes Group, thank you for watching! Till next time, all the best!

When is my loan approved | #RealEstateTalk 022 | Spring Texas Real Estate

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Welcome to another episode of real estate talk I'm Jill Wente, a Realtor with Better Homes and Gardens Gary Greene specializing in the Spring Texas real estate market

I have a special guest for us I've got Stacy Gross who's the manager for Gibraltar Mortgage She's gonna help us understand a little bit about the pre-approval process, the full loan approval process, and when you can go out and buy that furniture Why I've asked Stacey to join us is because Stacy has been in mortgage now for over 20 years and during that timeframe she has helped over 2,600 buyers purchase a home Stacy talk to us a little bit about mortgage pre-approval, conditional loan approval and clear to close

What does that all mean? Alright I will Thanks Jill and thank you for having me today So you will hear several different approvals along the way So a pre-approval means that the lender has pulled your credit report Hopefully they've asked you to see income and asset documents and given those a preliminary review and it said okay you're good to go and spend X amount of dollars on this property

The second approval you'll hear about is a conditional approval that's after you have a property and an underwriter has reviewed the documents that you provided initially and said okay you're approved subject to your appraisal coming in selecting insurance and maybe providing a couple of different pieces of information The third approval which is the one that you're asking about is the clear to close That's when the underwriter has reviewed every single piece of documentation that's required for the approval and said okay the home is yours So Stacy when does that happen when as a buyer I can feel assured that I'm not going to get that call that tells me sorry you don't have loan approval Gotcha

When do I know I mean if I'm supposed to close on 28 and I'm going to know is it the 23rd or the 25th or the 28th Hopefully not on the 28th Sometimes the clear to close is cutting it close Maybe a day or two prior to closing but if you've done all of your homework upfront provided information to the documentation information to the lender early on in the process then that clear to close could come 7 to 10 to 14 days prior to closing It just depends upon how much work you've done up front and how quickly you're working with the lender to provide all of the additional documentation needed

The secret words that I'm looking for as far as a buyer is Clear To Close Yes that means the home is going to be yours The closing documents just have to be drawn and you're ready to go Clear to Close is when you're not asking me for any more paperwork and I can go out and buy furniture I would say don't buy furniture until after you close

It's the policy of many lenders including ours to monitor credit pulls along the way up to the date of funding So just because you have that clear to close doesn't mean you want to go buy that new living room set just right then Wait until after you've signed the closing documents The day after is the best But definitely after you sign all the paperwork

Fabulous, Stacey I appreciate you coming on today This is Jill Wente, a Realtor with Better Homes and Gardens Gary Greene and Stacey Gross with Gibraltar Mortgage If you've got any other questions, please reach out to us at 281804

8626 or for mortgage 2818319878 Thanks for having me Thanks for tuning in to this episode of real estate talk We've got lots of other great information for you on www

DiscoverSpringtTexascom So until next time

Do I pay a real estate agent if I’m the buyer | #RealEstateTalk 024 | Spring Texas Real Estate

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Welcome to another episode of real estate talk I'm Jill Wente, a Realtor with Better Homes and Gardens Gary Greene specializing in the Spring Texas real estate market

Today's question is do you have to pay for a real estate agent when you're the buyer? The great news is no you don't have to pay for the real estate agent You have an opportunity to get representation without it costing you a dollar How is your agent gonna get paid? Your agents going to get paid by the listing agents brokerage When that listing agent secures the listing agreement with the seller to sell that property compensation is established At that time frame they establish as far as what their brokerage is going to earn and what that listing agent is going to share in and what the buyers agents brokerage is going to be paid and what that buyer's agent is going to share in

When the property is listed in our MLS it will state the compensation to be paid to the buyer's agent's broker The industry average for the buyers agent broker is 2% to 3% of the sales price The buyer's agent brokerage then shares it with their agent at the time frame that the property is closed and sold The great news to you is is that you can get representation without it costing you a dollar I would love to have the opportunity to represent you on the purchase of your next home

I'm a master certified negotiation expert which gives me the skills to secure the best terms and price for you I can be reached at 2818048626 Call or text me if you've got additional questions regarding buying a home

I've got some great content on our website of DiscoverSpringTexascom for you