fix and flip: Critical information for rehab projects and flips - 05/29/12 11:25 PM
More profit, less risk, fewer hiccupsImportant 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 offset monthly interest, insurance, and tax expenses. Avoid profit erosion/losses by leasing properties at the earliest earliest opportunity - even if you plan to sell. Sales can take a long time. (See #1 above). 2,3,4 family properties work best for rehab loans, resale, and refinance to a home loan. (See #1 above). With the exception of the FHA 203K (owner-occupied only) there are basically no home loans … (0 comments)

fix and flip: Mortgage-secured REO investment - Project# 6597841 - 05/20/12 09:57 PM
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 Repair Value (ARV) Exit: Refinance Projected annualized ROI: 45.9% Investment, and profit share, and interest, are secured by:
1.     First mortgage; and
2.     Developer company shares (the ownership of the property essentially, avoiding the need for foreclosure in the event of default) 
Download the Investment Summary
 
Let me know right away, if interested. I will send you the information package when available.
 
Review "Safe & Smart REO Investing"
… (1 comments)

fix and flip: Financing REO projects in 2012 - 01/05/12 12:53 PM
We are still faced with the best real estate opportunities of a lifetime - and amazingly there are even getting better! As sad as it is to say, the economic malaise continues to serve us very well.
 
FOCUS ON RENTAL VIABILITY 
Because resale markets remained weak (and rental markets strong) during 2011, we started assisting developers with refinances to convert rehabbed properties to rental properties rather than wait for the re-sale. This way we were paid back, and developers could cash out and move on to the next project. Long-term rental viability is therefore now more important than resale value - which is why we prefer 2,3,4-family … (2 comments)

fix and flip: You can have >1 FHA loan - Mortgages after foreclosure, short sale - New REO inv company - 12/03/11 08:11 AM
Developers present me with REO projects on a daily basis. They need financing and investor capital. I am starting a new company dedicated to highly profitable, short-term, REO investments. If you are interested in being part of this as a (founding) shareholder, let me know. /// This week a quick review of mortgages after deed in lieu, foreclosure, or pre-foreclosure (short) sale. See below, or go to my website. - Paul :) 
Can you have more than 1 FHA loan?Yes, under the following cirumstances:
Relocation. Must document unreasonable commute distance from current home. Increase in family size. Must have current mortgage balance at or below 75% LTV. Vacating jointly owned … (0 comments)

fix and flip: REO financing - Lending criteria - Mortgages after bankruptcy - 11/14/11 04:43 AM
All the money is being made in REOs at the moment. Lower risk than securities, and great cash on cash returns. You can buy them, or finance them at <50% loan to value. To add yourself to the mailing list for opportunities go here. /// This week a quick review of mortgages after bankruptcy. In short, the waiting period for FHA is 24 months, and for Conventional 48 months. See below. Next week: Waiting periods following foreclosure, short sale, or modification. /// Rates are still near record lows, but underwriting criteria are becoming tougher: Higher Fico requirements and rental revenue exclusions from … (0 comments)

fix and flip: Mortgage InfoCenter - Request streamline eval - Financing 5+ properties, Investment mailing list - 11/07/11 02:29 AM
I am amazed at the detailed questions I get nowadays from Realtors, borrowers, and others. It prompted me to convert my website to a Mortgage Information Center for peeps who want to know more. It includes a detailed Mortgage Summary (stuff you'll want to reach at least once if you are a Realtor), complete FHA/Fannie Mae underwriting guidelines, 203K presentation, and more. Check it out. If you have any recommendations for making it better, please let me know. /// As the stock markets go up and down, so do interest rates. Surpringly, rates have not increased as much as one would expect. The US Dollar remains the … (0 comments)

fix and flip: Closing cost study - Refinancing fix&flips - Did you know? - 10/07/11 08:41 AM
Which state has the highest closing costs? The new Bankrate Closing Cost Study is out. Before you go there, please bear in mind that AFR mortgage ("a direct lender with a wholesale attitude") charges NO lender fees!, No kidding!
Go to the closing cost study. /// Rates continue to be rock bottom. I see no upward pressure at the moment, thanks to Euro troubles and policy makers. (Hey, inflation may ultimately lead to a bump in real estate prices). Make it a good week folks! - Paul
 
Refinancing fix & flip propertiesProlonged  periods can erode profits. Many investors opt to refinance. Better to rent … (1 comments)

fix and flip: Rates at all time low - FHA loan limits - Flip investment/financing - 08/05/11 06:59 AM
I have been advocating mortgage-secured fix and flip investment and financing for over a year. I submit that with unstable stock markets and real estate markets the concept is soundly validated. It is a low risk/high yield way to invest - and to get highly profitable fix and flips done.  My investors and are first mortgage-secured at less than 60% LTV with 20%+ returns on investment. Not a single project is in trouble, and the developers are making their profits. Read up and/or watch the  "Smart Fix and Flip Investing" video (Registration needed). - Paul
Bad news, or good news? Check out the recent bad news. It’s … (0 comments)

fix and flip: Market indicators! - FHA limits - Fix-Flip opp - Secrets to getting a mtg - 07/09/11 12:16 PM
Time to jump in, if you have not already? I see many investments with great cash-on-cash returns (there's one below). Good deals are still to be had, but rock bottom buying opportunities are dwindling, low rates, strong rental market, and now also an uptick in sales. The timing is right I think - PReal estate stocks benefit from renewed interestFORBES: Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Dow Jones U.S. Real Estate Index Fund (IYR) where we have detected an approximate $185.3 million dollar inflow - that's a 5.0% … (2 comments)

fix and flip: Mortgage-secured fix-flip investment: 22% profit share and 12% interest - 07/08/11 10:14 AM
Here is a current investment summary. As always, a quick response is needed. Please let me know if interested:    
Mortgage-secured fix-flip investment. Purchase and renovation of 3-family property.  Location: NJ 07111 Estimated project time: 4 months Funding requirement is for $80,000, or 39% of After Repair Value (ARV) Investor projected return: 22% profit share, plus 12% interest: $21,500 total. Minimum participation: $10,000.00  Go here to download the Investment SummaryGo here to review the "Smart Fix-Flip Investing" information.
Regards,
-Paul___________________Paul LuykxLX Financial LLCPh: 201-918-5443Ph: 800-405-0676Fx: 866-839-1337pluykx@lxfinancial.comhttp://www.lxfinancial.com/
… (0 comments)

fix and flip: Buyers bypass the traditional mortgage process - 06/28/11 02:19 AM
Keep your eyes on alternate financing options. There is now a clear trend. Two types to keep your eyes on: Portfolio loans, and mortgage-secured investment (investors who will provide financing and get interest PLUS profit share, mostly for fix and flips). - Paul Buyers bypass the traditional mortgage processFannie Mae chief economist Doug Duncan believes cash purchases of homes will continue at "quite high levels" for the rest of this year as investors and even some homebuyers bypass the traditional mortgage process. Read.Mortgage-secured investmentsThe trick is buying for a good price AND being able to sell at a below market price AND being able … (1 comments)

fix and flip: This market's for you! - Self-directed IRAs - 06/11/11 08:00 AM
This market's for you!  Low prices, low interest rates, great cash on cash returns - whether home-buyer or investor, this market's for you!  What's holding us back is groupthink ("it's a bad market, and we all agree on this"), and fear to think outside the box. I provide mortgage financing, and make/manage fix and flip investments. Whether you are a realtor, buyer, investor, or developer, I'm here to assist! /// I believe that where markets are heading should have little to do with investment decisions at this point, but if you're in to  prognosticating you may want to read this for a few opinions.  … (1 comments)

fix and flip: Stated loan cutbacks - Pledged asset loans - Debt investors - No PMI to 90%LTV - Helocs - 05/29/11 02:11 AM
The pendulum is still swinging towards more irrational, over-the-top caution. The absence, or lack of application of lending rules that caused the problems, have been replaced by excessive rules and procedural changes that limit the recovery of real estate. The constructive efforts of the legislators and regulators are erratic at best. I see a new future for portfolio loans that bypass Fannie Mae/Freddy Mac, FHA lending rules altogether, and offer more common sense lending criteria. Some good and bad news below. - Pau  
Stated loan cutbacksRegulators are putting the squeeze on no-income/asset-check loans, also known as "liar loans". Stated income and no document loan programs have been … (0 comments)

fix and flip: Smart fix and flip investments - 04/09/11 11:58 AM
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)

fix and flip: flip, reo, foreclosure investing with the developer - 02/11/11 08:57 AM
Listing of current Fix-Flip Investments. Invest with the developer and get a generous profit share. Program details: www.lxfinancial.com
Developers seeking partnership financing can get a scenario quote at www.fixflipnow.com
 
 
 
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