Lenders close on majority of mortgages

For the first time this year, lenders actually closed on more mortgage applications than they rejected. Info.

 

 

The new role of flippers in the Housing Economy

Real estate flippers were a prominent feature of the American housing bubble during the first decade of the 21st century. In just a few years, flipping went from being a business opportunity to a lifestyle. Info

 

 

Get into the flipping game at low risk and no hassles

As a debt-equity partner you avoid the vagaries of project management, and avoid the entrepreneurial risks. The basics.
Here is a current investment. Please contact me if you have any questions/interest.

 

 

2012 housing recovery is real

Both home prices and home sales in September continued at levels higher than last year, according to the RE/MAX National Housing report, a survey of MLS data in 52 metropolitan areas.

 

 

Rates near record lows. Home construction up

Freddie Mac Primary Mortgage Market Survey shows fixed mortgage rates edging slightly lower with the 30-year fixed averaging 3.37%, just above its all-time record low of 3.36%, and the average 15-year fixed dipping to a new all-time record low at 2.66%. More

 

 

Open for business - Anything 1-4 family:

1. Home loans: Fannie/Freddie/FHA, etc. Info

2. Commercial loans to 65%ltv.

3. Construction and rehab loans: Up to 80% x cost. Info

4. REO funding: Up to 100% x cost. Info

5. REO investments: Low risk, high returns. Info

 

SFD REOs - REO refis - Stock loan - REO X-collateral options
10/19/2012
share
Single vs Multi-Family REOs Apart from market forces, the value of single family homes is a typically not a function of rental value but things like type, size, age, condition, layout & design, neighborhood, etc. We invest mostly in 2, 3, 4… more
Are really good REO opps dwindling?
06/12/2012
share
It looks like the number of really good deals may be dwindling. I think it has to do with investor confidence, and maybe supply – I don’t know. I recommend an aggressive buying strategy at this time to capture the huge profit… more
Mortgage-secured REO investment - Project# 6617518
05/31/2012
share
Here is a current investment summary. As always, a quick response is needed. • Purchase and rehab of 2-family property, NJ 07108 • Funding requirement is 92% of cost, representing 46% of After Repair Value (ARV). • Exit is resale or… more
Critical information for rehab projects and flips
05/30/2012
share
More profit, less risk, fewer hiccups Important tips for REO rehabs and flips In my experience 2, 3, 4 family properties have the best risk-reward ratio the best profit potential iow. Aquisition prices tend to be lowest, and rental incomes… more
Mortgage-secured REO investment - Project# 6597841
05/21/2012
share
Here is a current investment summary. As always, a quick response is needed. Project term: 4-6 months. Purchase and renovation, 3-family bank-owned property. Location: NJ 07108 Funding requirement is 92% of cost, representing 40% of After… more
Project# 6314938 - Mortgage-secured REO investment
04/30/2012
share
Here is a current investment summary. As always, a quick response is needed. Project term: 4-6 months. Purchase and renovation, 2-family property NJ 07108 Funding requirement is 93% of cost, representing 45% of After Repair Value (ARV).. more
REOs: Transaction financing - Rehab loan options - Seasoning - Refi's
04/26/2012
share
Rehab/Construction financing For rehabs followed by refinance or resale, taking up to 12 months. Below is a matrix which will give you a rough indication of the range of current options. Available up to 100% of cost. Have a scenario? Get a quote… more
Project# 6541526, 4-family purchase, rehab, refinance. Mortgage…
04/24/2012
share
Here is a current investment summary. As always, a quick response is needed. Project term: 4-6 months. Purchase and renovation, 4-family property Funding requirement is 95% of cost, representing 52% of After Repair Value Exit: Refinance.. more
REO investments: What's new?
03/29/2012
share
Housing markets are picking up a little, and lenders are liquidating more properties. The occurrence of both of these phenomena serves us very well: More opportunities of course, and re-sales of repaired properties become more viable. The… more