February 26th, 2020 4:05 AM by Eric Willner
Radio Show Notes 2/24/20 Monday – Leap into Leap Year Success in Real Real Estate – The Time is Now – Here’s Why!
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate
Today on The Real Estate Show, Radio Show Host, Eric Willner, discusses the topic of “Leap Year”. Leap year marks n exciting time on the calendar. Even Google has celebrated the 29th of February each year since it existed, by giving the date that only comes around once every four years - its own doodle.
The reason that February 2020 has an extra day is due to planetary orbits.
According to the Gregorian calendar, the most widely used calendar across the globe, it measures a year to be 365 days - following the time it takes for Earth to orbit around the Sun. However, the earth's orbit takes 365.24 days to complete its solar orbit and an extra day every four years is added to keep calendar seasons synchronised with solar seasons. February was chosen as the month to have the leap day as it is the only month without 30 or 31 days.
February is also a good month EVERY year to leap into real estate, as it is historically a slow month, prone to good deals and motivated sellers. Starting out with offers in February also means deals typically close 30-45 days later landing you in spring when the market begins to perk up again.
Pair those factors with incredibly low mortgage rates we are experiencing now, and you have a Leap Year Real Estate Winner ! Mortgage News Daily writes:
“Mortgage rates continue to carve out the unlikeliest of victories in 2020 with significant help from coronavirus. The epidemic has taken a year that was almost certain to start off with a steady move toward higher rates and turned it into one of the strongest starts on record. In fact, when it comes to the combination of ground covered and levels achieved, no other year has started off any better.
Other years have seen a similarly big drop in rates during Jan/Feb, but there aren't many. Of those years, 2016 was the only one to remotely match the rates we're currently seeing. Unless tragedy strikes the mortgage world by the end of this week, 2020's late February rates will be roughly 0.25% lower than they were in 2016.”
National Mortgage News also weighed in, saying: “For the first time in 15 years, fewer than 2 million mortgaged properties lie in default or foreclosure status as of the end of January, according to Black Knight.
Furthermore, the mortgage delinquency rate, measured as loans at least 30 days late on their payment but not yet in foreclosure, was the lowest for any month since Black Knight started tracking this data in 2000, its First Look report noted.” The February Leap Year Real Estate Market looks to be even better.
Now bring in the Prearranged Mortgage Packages we described in last weeks shows, where you only have to have 1 of the 3 standard mortgage requirement factors (credit, down payment, or verifiable income). Prearranged Mortgage Packages may help you make this YOUR LEAP YEAR into Real Estate.
As you also know, in Real Estate, your credit is key. That’s why we value our affiliation with www.TimeToFixMyCredit.com. Their goal is to help secure our clients’ financial future by repairing their credit, thereby improving their overall quality of life. There again, Technology Is Your Friend In Real Estate, and they use that technology to help you improve your credit. They provide personalized service to teach you the basics of credit, how to manage and maintain your credit once it’s repaired, and how to attain your financial goals, whether it’s buying a car, buying a home, or just living debt-free.
We pride ourselves on working with them, and by giving our listeners a personal consultation and relationship-building. Our clients are not a number to us. What brings us the most joy is when our clients not only reach their financial goals, but their life goals as well.
Obtaining a complete copy of your credit report is a very important first step. You can start by contacting me, and I’ll provide you one for free, and then you can continue to learn how at www.TimeToFixMyCredit.com. Remember, Your credit report can affect how much interest you will have to pay on a loan, what type of loan you are eligible for — if you can get one — and can even impact whether you can get a job.
In order for www.TimeToFixMyCredit.com to prepare a complete credit analysis, together we will contact the three major credit reporting agencies — Equifax, Experian, and TransUnion for — to dispute errors and discrepancies on your behalf.
Once we receive your credit reports, we’ll identify areas of concern and formulate a plan of action for your particular situation to ensure that you will benefit from our services.
We’ll meet with you for a personal consultation to discuss your credit, item by item, assessing if there is any fraud on your report, and how we can begin to repair credit issues that we discover. We will let you know exactly what we can and cannot do to repair your situation. All you need to do is keep calm, call us, and we can help you put together a plan, then stick to a plan and move forward.
Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday evening at 8 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 FM 96.9, and FM 103.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
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90DayFreshStart.com To become a homeowner regardless of credit or ...
TimeToFixMyCredit.com for Financial Education and Credit Improvement
AutomaticLandlord.com for Landlording and Real Estate Investment
MackBuysHouses.com for a fast cash offer on Real Estate
MackSellsHouses.com for great deals on Real Estate Investments
MackBargainHouseHunters.com to Partner on Real Estate Deals
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