Mortgage Delinquencies See First-Ever March Increase

BY  ON APRIL 27, 2020

Black Knight is reporting that mortgage delinquencies saw their first-ever March increase resulting from the Coronavirus pandemic early impact. In addition, they report that both the national foreclosure and 90-day delinquency rates set new record lows in March - which they say is a lingering reminder of the market's strength heading into the pandemic. Click here to read more.

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FHFA Announces 4-Month Advance Obligation Limit for Loans in Forbearance

BY  ON APRIL 22, 2020

The Federal Housing Finance Agency (FHFA) recently announced the alignment of Fannie Mae's and Freddie Mac's (the Enterprises) policies regarding servicer obligations to advance scheduled monthly principal and interest payments for single-family mortgage loans. In other words, once a servicer has advanced four months of missed payments on a loan, it will have no further obligation to advance scheduled payments. Click here to read more.

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Home Prices Could Hold Steady Despite Coronavirus

BY  ON APRIL 21, 2020

While home sales have slowed dramatically since last month, CNBC's Diana Olick said that despite the Coronavirus pandemic, home prices could hold steady. Click here to read more.

 

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Redfin Sees Interest in Rural Areas & Small Towns Spike During Pandemic

BY  ON APRIL 15, 2020

Redfin says that small towns and rural areas may be set to boom in the wake of the Coronavirus pandemic as homebuyer interest in America's less populous areas saw a surge in March. Click here to read more.

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How Does a Crisis Affect Your Investment?

BY  ON APRIL 1, 2020

Managing your properties during any crisis is a challenge, let alone the current Coronavirus pandemic we're experiencing. On a recent episode of the Rent Perfect Podcast, David Pickron talks with longtime property manager and seasoned housing provider Anne McCawley about how to manage your properties during a time of crisis. Anne gives great insight on how to plan for and maneuver through these challenging times. Click here to read more.

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Lacy's Book list #epicreia

Book List #epicreia
Some of these books might have a PDF, audio, or ebook available online since libraries are closed. As soon as we are allowed to return to meetings you will have the opportunity to check books out, several of the books are in the EPIC library.
This is the short list. Best success-

Business
The Tipping Point- malcolm gladwell
Marketing outrageously- Jon Spoelstra
Why we want you to be rich- Donald Trump & Robert Kiyosaki
How come that idiots rich and I’m not? – Robert Shemin
Grunch of giants- R. Buckminster Fuller
The creature from Jekyll Island- G. Edward Griffin

Real Estate
Rich Dad Poor Dad (Recommend all books by Robert Kiyosaki)
Automatic Millionaire homeowner- David Bach
Multi Family Millions-Dave Lindahl
Secrets of a Millionaire Real Estate Investor- Robert Shemin (Recommend all books by Robert Shemin)
Flipping Properties- William Bronchick (Recommend all books by William Bronchick)

Mindset
The magic of thinking big- David J. Schwartz
Think & grow rich- Napoleon Hill
The law of success- Napoleon Hill
As a man thinketh- James Allen
Who moved my cheese? – Spencer Johnson

Health & Prevention of Disease
Stress makes you fat wrinkled & dead- Dr. Eliezer Ben-Joseph
Eat to beat disease- Dr. William W. Li
Fit for life- Harvey & Marilyn Diamond
Crisis & opportunity- Dr. John Ikerd
Blessing the hands that feed us- Vicki Robin
The new organic grower – Eliot Coleman
Bringing it to the table: On farming and food- (Recommend all books by Wendell Berry)

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Letter from EPIC 3.25.20

Dear EPIC Members and guests-
As of March 24th, the city of El Paso ordered only essential businesses to remain open.

Just to be clear, we believe everyone is essential.

The following classes and meetings are postponed until further notice:
EPIC Deal Night scheduled March 31.
Beginners Real Estate Investing Series Class 1-5 scheduled April 1-May 6.
While we are disappointed to have to postpone these meetings, your health and well-being is most important, we are looking forward to rescheduling soon.
In an effort to alleviate some of the mounting fear and panic, I have included a link by one of our colleagues to help educate on boosting the immune system.
https://www.youtube.com/watch?v=CMb9Ae30Wgw&feature=youtu.be

At El Paso Investors Club, we think your financial health is equally important as your physical health.
Take some of the extra time you have now to read, as always, I highly recommend all books by Robert Kiyosaki.
For those that are unfamiliar with Robert, here is an excellent introduction:
Robert Kiyosaki
https://www.youtube.com/watch?v=azq0S0DKS50
https://www.youtube.com/watch?v=wNQnnLqFpkM

If you’re not already homeschooling, there are many support groups with tips and creative activities to help you while school is out and remember to have fun with your kids!
https://www.facebook.com/groups/648725412626645/?source_id=126105480781184

I have created a book list that will be posted within the next couple of days. It includes Business, Real Estate, Mindset, Health & Prevention of Disease.

Wishing you the very best-

Lacy O’Leary, Founder
https://www.elpasoinvestorsclub.com/
#epicreia

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Spring Fertilization Tips

BY  ON MARCH 13, 2020

Infographic: Spring will soon be here! (the first day is March 19th) That means now is a great time to start thinking about your property's landscaping - whether it's a rental house or a flip you're about to spruce up, a nice lawn will certainly add value and improve curb appeal! Click here to read more.

 

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How to Stage Your Flip to Sell

BY  ON MARCH 12, 2020

According to the National Association of Realtors, seventy-one percent of sellers' agents believe a well-staged environment increases the dollar value buyers are willing to offer. While staging your house isn't guaranteed to get you more money, it's an important marketing tool that can help you compete at the right price and sell faster. Click here to read more.

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Easiest & Hardest Cities to Buy a Home

BY  ON MARCH 10, 2020

With record tight inventories all over across the country Realtor.com reminds us that few markets are immune. However, they did take a look at a look at the numbers across the board and pinpointed the places they say are "easiest" to buy a home as well as those locations where it is pretty hard. Click here to read more.

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