Fix and Flips is where the money is. And not the risk! - 04/28/11 06:31 PM
Fix and Flips is where the money is. And not the risk!Check out my online presentation at the LX Financial website. It makes the case for it, and it shows you how you can take advantage of it as low-risk investor, realtor, developer, end-buyer.  /// Rate are down a bit, and that's not a bad thing. /// Don't forget about the Homepath buyer incentives. /// It's a tough market, and there are also great buys out there!  - Paul
Rates fall, home sales riseCONSUMERAFFAIRS.COM - The news from the real estate market today was mostly good, although it's not clear how meaningful any of it … (1 comments)

Why rehab REOs are so cheap - Homepath incentives - Declines for no good reason? - 04/23/11 01:14 PM
The reason liquidation values of 1-4 unit, rehab, REOs are so low is because other than the FHA 203K (Prospect is the #2 FHA 203K lender in the country) there are no mainstream financing programs available. For investors there is no financing at all! In addition, seller ("the bank") usually wants you to close in 30 days, which is virtually impossible. This supresses the liquidation value of these types of properties even further. And it also means opportunity! How to invest? How to finance? How to sell under these circumstances? (See below). /// Closing cost assistance is offered on new Homepath purchase through June 30th … (2 comments)

Smart fix and flip investments - 04/09/11 06:58 PM
We look for low risk, reasonable returns, and no complications. The real estate market may be "bad" at the moment, but for our type of investments conditions are "excellent"!
• Our developers buy 1-4 family properties at rock bottom prices, and rehab them with lightning speed.
• The homes are re-sold to end buyers at below market prices, or bank re-financed as revenue property.
• Our first mortgage secured investors earn 8-12% interest, plus a 3-6% profit share every 2-6 months.       We invest in every project ourselves.
• To receive listings of current investments go here to subscribe.
• If you … (0 comments)

203K direct lender - 1 in 3 apps declined - HAMP laswuit - REO finance+investment - 04/08/11 06:07 PM
As many as 1 in 3 applications are declined, so says the Fed. My average definitely better :) but the fact is that the current maze of regressive rules is a real challenge - and risk-based pricing makes getting the best rate difficult to attain. More info. /// It's about time! A homeowner is suing her loan servicer for denying a HAMP modification alleging they never had any intention of permanently modifying her home loan payments to an affordable amount despite having her make a slew of trial payments. I have hear this many times! /// Rates were up a little this week /// And lastly, a reminder that … (0 comments)

Fix-Flip funding, 100%xcost, 1-4 units, NJ, NY, PA - 04/03/11 11:47 AM
Fix-flips are lucrative because lenders need to liquidiate. The fact that there is no mainstream investor financing available further suppresses the liquidation price. LX Financial can fund up to 100%xcost. We need ARV 150%xcost. Go here for a scenario quote: www.fixflipnow.com
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Inside Job - Fortune mag: Time to buy again - FHA 580 Fico - Rehab fin options - 04/01/11 05:50 PM
Inside JobIf you have not seen the movie yet, see it soon.  Inside Job the 2010 documentary film about the financial crisis of 2007-2010, directed by Charles H. Ferguson. The film won an Academy Award for Best Documentary Feature last month. It's sad, also educational - and also more than a little amusing. A must see.  - P   See trailer Fortune Magazine: "It's time to buy again"Veteran Fortune magazine writer Shawn Tully - best known as the guy who accurately proclaimed the height of the market in 2006 - makes a convincing case that the moribund new-construction market, combined with rising rents and an improving … (0 comments)