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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

The 2022 deficit represents a 113% decrease from the previous year's average income of $2,339 per mortgage. Negative profits in 2022 are likely a result of slower housing activity caused by higher financing costs coupled with elevated home prices, leading to lower purchase and refinance volume.

Banking 52
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Investor Purchases of Single-Family Homes Threaten an Overcrowded Market

Pro Builder

Buy-to-rent investment purchases could pose a substantial risk to the housing market, particularly with dwindling supply. According to the CalculatedRisk Newsletter, demographics are now favorable for buying homes, but new house hunters are squaring off against investors who are able to obtain financing at lower rates.

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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX.

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Unique Construction Company Financing Secrets Revealed

Contractor Bookkeeping

1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 Just like house builders love chatting with sub-contractors and building material suppliers because you all speak the same language. In particular, your construction company Profit & Loss and Balance Sheet.

Finance 48
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How Do Construction Loans Work?

Work Gearz

Building a house seems much more intimidating than buying one. How to approach financing for contractors. Construction only loans : The loan must be fully repaid once construction is complete when we talk about construction-only financing. Owner-builder construction loans : It is usual for every builder to build his own house.

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Contractor Resource For Reaching Out To Realtors In Seattle Area

Contractor Bookkeeping

In the early years this was the main way realtor offices communicated with each other on brand new listings, upcoming open houses, price changes and special financing offers. From time to time flyers sent to realtors have resulted in profitable work for contractors. Contractor Flyers Welcome!

Seattle 66
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Oregon Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Oregon Business Development Fund (OBDF): A revolving loan fund that provides term fixed-rate financing for land, buildings, equipment, machinery and permanent working capital. The program is designed for non-profit and for-profit businesses seeking funds for most business purposes. Additional cash payment of up to 16.2%

Oregon 40