I have begun performing some virtual assistant work as a transaction coordinator for a commercial/industrial investor on the central coast who doesn't invest in CA, although he has raised his family here and has no intention of leaving. His focus is on the east coast and mid west, has owned these properties since the 70s and just recently purchased two new properties in Kentucky.
Sometimes we have to move out of our comfort zone to travel a road less traveled. The principal is watching his family grow, four sons and now 3 grandchildren just this year and he's busy as ever. It's a very interesting business. My involvement is more a project management role in the acquisition, marketing and leasing activities. He doesn't sell his properties, but holds them and keeps on acquiring larger, better properties, using equity from the first properties he acquired.
I still have a lot of signing work, but nothing like it was in prior years. Loan Depot is very busy, some refis for shorter term or ARM loans, HELOCs, auto loans, trust packages. One third of the business I've had historically.
My escrow officers are telling me that their book of business has slowed to a crawl. People are cautious. Prices need to come down a little around here, while interest rates continue to increase.
Again, go outside of your comfort level, seek new opportunities and STAY POSITIVE. We're in for a very dry signing season, is my take.
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