Real Estate Fraud Is on the Rise

According to a recent report by Fox Business, real estate fraud is experiencing a concerning uptick, with criminals exploiting transactions and leaving victims devastated. Shockingly, 1 in 20 Americans who have bought or sold a home in the last three years has fallen prey to some form of real estate fraud.

Fraudsters are honing their skills by leveraging public records, breaching broker and title agency systems, and impersonating legitimate entities involved in transactions, all to deceive unsuspecting individuals. “If you are a first-time homebuyer, be aware that you’re stepping into one of the biggest cybercrime environments we’ve ever seen today,” cautioned Tyler Adams, co-founder and CEO of CertifID, to Fox Business.

Rest assured, The David Greene Team is committed to safeguarding your real estate transactions. With our expertise and dedication, we provide trusted assistance for buying or selling properties, ensuring peace of mind in an increasingly complex digital landscape. Reach out to us today here for reliable support and protection in your real estate endeavors.

Get ready for the latest updates on loan rates that will empower you to make informed decisions in the dynamic world of real estate financing.

No matter if you’re a homeowner, a first-time buyer, or a savvy real estate investor, staying up-to-date with current loan rates is essential. In this week’s update, we turn our focus to rates specifically tailored for primary residences in California, featuring a 20% down payment, $500,000 purchase price, a 30-year fixed term, LPC. The DSCR rate is tailored for an investment in California, featuring a 20% down payment, a 30-year-fixed-term, BPC. Are you ready to dive into the details? Let’s explore the rates for conventional, FHA, VA, and DSCR Investment loans, providing you with the insights you need to navigate the financing landscape effectively.

Conventional: 7.125%

FHA: 6.125%

VA:  6.125%

DSCR Investment:  7.625%

If you’re in the market for a loan and need assistance, our team at The One Brokerage is here to help. Visit our website here to explore our loan options and find the right financing solution for your real estate goals and email us at intake@theonebrokerage.com to speak to one of our loan officers.

Investing in real estate can be a powerful tool for wealth building, but it’s crucial to recognize that it requires financial discipline and responsibility. Before diving into this asset class, ensure that you have a solid grasp of your finances and are adept at managing money.

Remember, real estate investing is not a quick fix for financial woes; rather, it’s a means to grow the wealth you’ve already accumulated. While it offers immense potential for financial growth, it also carries risks, especially if you’re not financially prepared.

To embark on your real estate investment journey with confidence, consider adopting a well-rounded approach to wealth building. My book, “Pillars of Wealth,” available here, offers a comprehensive blueprint for building wealth while minimizing risks. With its holistic strategies and practical insights, you can navigate the world of real estate investing intelligently and safeguard your financial future.

The One Brokerage is now offering new ground up construction loans for RE developers-even if you’ve never done it! We’ve partnered with a lender who will let you borrow money to build a house from the ground up, and even let you borrow money to buy the land. What’s more, the rates are surprisingly low-on par with standard hard money loans. And if that wasn’t cool enough, we can also use land you already have as the down payment for the loan-offering you very little out of pocket start-up costs. If you’ve got a good General Contractor who can help with building your property, this may be an incredible opportunity for you. Email me directly at DavidGreene@kw.com and I’ll get you connected with someone to explain the details and get you started.

Congrats to David and Jean! After facing fierce competition through several attempts at landing a property in Torrance CA, Lindsey Iskierka of the David Greene Team was able to help this couple land this deal over 20 other buyers-even though they weren’t the highest offer. Lindsey won the listing agent over by working hand in hand with a One Brokerage loan officer who helped convince them our buyer was the most motivated and likely to close. David and Jean plan to renovate the property while living in it and increase its value while the area appreciates-A live-in flip. This strategy creates wealth more safely by:

  • Keping payments low with primary residence interest rates
  • Avoiding hard money loan costs
  • Avoiding hard money loan terms
  • Removing stress and careful coordination of rehab work-it can be done on the client’s schedule according to what works for them
  • Avoiding capital gains upon the sale. The primary residence tax exclusion will protect the profits after two years of occupation.

David and Jean plan on reinvesting their profits into their next live in flip, repeating the process and making even more money as they snowball their equity tax free into future deals. If you’d like to be connected with an agent, email us at info@DavidGreene24.com and you can reach out to Lindsey directly at lindseyIskierka@kw.com. 

Congrats Dave and Jean!

I’m excited to announce I’m now managing Short and Medium Term Rentals for those interested in offloading those responsibilities. I’ve moved management of my own portfolio from third party contractors to my own in-house team and the results have been phenomenal. In the first six months I’ve seen a 26% increase in top line revenue that is expected to only grow as we get even better at improving systems, actively marketing, upgrading design, and securing better online reviews.

If you’re unhappy with your current property management, want your time back, or maybe just know your property can gross more than it currently is, email us at STR@DavidGreene24.com, tell us about the property, and get a free consultation!

Do you struggle with confidence with leads and clients you don’t know well? Fear and anxiety cause agents to lose deals and income. This webinar on February 22nd is designed to give you tools, knowledge, and a deeper understanding of how to communicate your value and put you in the driver’s seat in your interactions so you can get more clients, close more deals, and make more money. Register here for the link and reminders!