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3 Types of Real Estate Leads Worth Paying For

3 Types of Real Estate Leads Worth Paying For In real estate investing, time truly is money. Nothing drains both faster than chasing leads that go nowhere. But avoiding paid leads altogether isn’t the answer—smart investors know the right leads more than pay for themselves. The key is to invest in quality: leads that are motivated, convertible, and ready to act. Here at Mac Does REI, we’ve learned through experience which leads consistently bring solid returns. Here are three lead types that are absolutely worth paying for in the Dallas-Fort Worth market. 1. Pre-Foreclosure Leads These are homeowners who have fallen behind on mortgage payments and are now facing foreclosure. Why They’re Worth It: Highly Motivated Sellers:  Faced with potential foreclosure, homeowners are eager for quick solutions. Open to Creative Financing:  They’re often willing to negotiate terms such as subject-to deals, wraps, or lease options. Lower Competition:  Speed is your advantage. Early actio...
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Seller Financing: How It Works and Who It Helps

Seller Financing: How It Works and Who It Helps With rising interest rates and tougher loan approvals, more buyers and sellers in Dallas-Fort Worth are turning to  seller financing  as a creative, flexible alternative to traditional mortgages. At Mac Does REI, we’ve helped countless homeowners and investors use seller financing to unlock deals that banks would never approve. Here’s how it works — and why it might be the right move for you. What Is Seller Financing? Seller financing (also called owner financing) is when the seller of a property acts as the  bank  and lets the buyer make monthly payments directly to them, instead of going through a traditional lender. Basic Setup: The seller and buyer agree on a purchase price, interest rate, and payment terms A promissory note and deed of trust are created The buyer takes possession while paying off the balance over time Who Benefits From Seller Financing? Homeowners: Sell faster, especially to buyers who don’t qualif...
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Wraparound Mortgages 101: The Basics

Wraparound Mortgages 101: The Basics If you’ve been around real estate investing or are exploring creative ways to buy or sell a home, you might have heard about  wraparound mortgages  (or “wraps”). This strategy is especially popular in situations where traditional financing isn’t an option for buyers or when sellers want to maximize profits. Here’s a simple guide to how wraps work, their benefits, and what you need to watch out for. What is a Wraparound Mortgage? A wraparound mortgage is a form of seller financing. The seller keeps their original mortgage in place and “wraps” a new mortgage around it, selling the home to a buyer who makes payments directly to the seller. The seller uses a portion of these payments to pay their original lender and keeps the difference as profit. Example: The seller owes  $100,000  on a mortgage at  4% interest . The seller agrees to sell the home for  $200,000 . The buyer puts down  $20,000  and finances  $1...
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Cracking the Code: What Lenders Really Look For in Your Mortgage Application

Cracking the Code: What Lenders Really Look For in Your Mortgage Application Getting a mortgage might seem like a mystery. You fill out forms, hand over your financial details, and hope for a “yes.” But here’s the truth: lenders follow a system. And if you understand what they’re looking for, you’ll be in a stronger position to get approved—and even land a better rate. At  Mac Does REI , we believe every buyer should feel confident walking into the mortgage process. So let’s break it down. The 4 C’s of Mortgage Approval Lenders evaluate four main areas, often called the “4 C’s”: 1.  Capacity – Can You Afford the Loan? This is about your income and how much of it goes toward your debts. Lenders want to make sure you can afford your monthly mortgage payment without struggling. They’ll look at your  debt-to-income (DTI) ratio —a percentage that compares your monthly debt (like car payments, credit cards, student loans) to your income. Pro tip:  Most lenders like to see ...
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Save Thousands: Smart Strategies to Reduce Your Mortgage Costs

Save Thousands: Smart Strategies to Reduce Your Mortgage Costs Your mortgage is probably your biggest monthly expense. But what if you could cut that cost—without refinancing your life? The truth is, there are smart, simple ways to save thousands over the life of your loan. At  Mac Does REI , we help homeowners and buyers make smart money moves every day. Here’s how you can start doing the same. 1. Shop Around for Lenders (Yes, Really) A lot of buyers make one big mistake: they go with the first lender they talk to. But here’s what most people don’t realize— you can (and should) get quotes from multiple lenders. Why? Because: Rates can vary by  half a percent or more  between lenders Some offer lower fees or better terms You can use one quote to negotiate a better deal from another lender Even a 0.5% rate reduction could save you tens of thousands over the life of your loan. Want help comparing offers?  We work with trusted mortgage pros and can help you evaluate you...
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