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)

flip: Do Fix & Flips with our money - or your money... - 01/15/12 04:42 AM
We are still faced with the best real estate opportunities of a lifetime. As sad as it is to say, the economic malaise continues to serve us very well. My investment group is interested in funding 
highly profitable (fix and) flip projects - up to 100% of hard cost.
 
INVESTMENT CRITERIA
Our investment criteria are as follows:
1-4 family properties only. (2,3,4-family preferred) Preferred investment size: $20K-$100K ($200K max) NJ, NY only ARV (After Repair Value) of at least 150% of hard (purchase and rehab) cost Cross-collaterization on other properties considered.  
If you are interested in:
Fix & Flip project funding, go here for … (1 comments)

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)

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)

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)

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)

flip: FHA limits to decline - Don't worry, be wealthy - New finance options - Market fundamentals - 06/05/11 02:42 AM
There are two types of financing to keep an eye on:  Portfolio loans that offer unique, common sense lending criteria. (Last week I told you about pledged asset loans and no PMI, both to 90% LTV). There are many developments on the horizon that may have a drastic, positive impact. Stay tuned. The second type is mortgage-backed investment, cash investors basically who are willing to finance someone else's investment in return for a share of the profit. Currently used primarily for fix-flips, I see broader application. I'll keep you posted. - Paul
FHA loan limits to decline. FHA loan limits will likely … (0 comments)

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)

flip: Mortgage flip rules - Why qualifying income & 640 score are not enough - 05/15/11 05:47 AM
Mortgage flip rules do not need to nix any sales! Just make sure you verify the lender's rules and be prepared for some additional processing requirements. See below. /// Qualifying income and a 640 score are no longer enough. I actually think it's good news. See below. /// Make it a good week folks! - Paul
Mortgage rules for flipsFlipping rules apply when the seller acquired the property in the last 12 months. Double or concurrent closes are not allowed. The owner must be the seller. For a quick flip financing quote go here.
There are industry standards, and lenders add their own unique … (1 comments)

flip: Fix and Flips is where the money is. And not the risk! - 04/28/11 11:31 AM
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)

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)

flip: Fix-Flip funding, 100%xcost, 1-4 units, NJ, NY, PA - 04/03/11 04:47 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
… (0 comments)

flip: How to manage a flip project - Fix-Flip opportunities listings - 03/19/11 08:12 AM
Fix-Flips can be lucrative, but much can go wrong, with time wasted - opportunity and money lost. Just to name a few challenges:
* Finding opportunites and dealing with REO and short sale tribulations.* Project funding. There is basically no bank financing available.* The challenges involved in getting the rehab done quickly.* Marketing and selling the property in a weak market.* Mortgage rules for flipped properties that can easily nix a sale.FFFFF cycle: Find-Fund-Fix-Flip-FinanceWhile the F's are sequentially linked, they all impact on each other. A decision made when an REO is bought can impact project funding, rehab, marketability, and end-buyer financing. … (2 comments)

flip: ARMs a good option now - Helocs - fix-flip $$ - 12/24/10 09:40 AM
December 23, 2010                                          Not legible? Read as web page 
ARMs are well-priced at the moment...relative to fixed rate loans, and as long as the Fed keeps supporting short-term rates, should be considered under the right circumstances. See below... /// Rates keep trending up, now approaching the 5% mark. /// I continue to have Fix-Flip partnership funding available. Request a quote for your scenario here (Up to 100% of cost). /// Happy Holidays! - Paul
Adjustable Rate Mortgages (ARMs)There is a natural attraction to the 30-year fixed rate loan because of long-term rate security, and because - well - that is what most people choose. In addition,  ARMs are still getting … (2 comments)

flip: Fix-Flip loans: 6 mos no pmts - Rates edging up - Prospect rocks! - Mortgage overlays - 11/19/10 10:21 AM
Mortgage bond rates soared to a 5 month high this week, suggesting that the era of record low rates may be over. /// Have a look at what Prospect Mortgage's achievements!...(below) /// Make it a good week folks. - Paul
Fix-Flip loans: No pmts 6 monthsFlexible terms, quick closes. Ask me for a quote for your scenario.
Rates edging upThe 30-yr and 15-yr fixed rose dramatically this week, as did the 5-year ARM.  The 1-year ARM remained unchanged. Read more.
Prospect Mortgage rocks!PM is a real success story. In a challenging real estate and financial climate, we are experiencing dramatic growth. Consider the following benchmarks that we have achieved:
No. … (1 comments)

flip: FHA allows flips - credit score cures - Super Jumbos - 03/19/10 01:04 PM
The most self-evident credit score cures often accomplish the opposite. If you are on a mission to improve credit (quickly), you need at least a little bit of direction to make sure you are doing the right thing. See below... /// FHA has lifted the 90-day flip rule. See below... /// Again, a reminder that the FHA upfront mortgage insurance premium (UFMIP) is increasing from 1.75% to 2.25% effective April 4th. Contact me early to register the purchase and secure the lower rate! /// Make it a good week folks!  - Paul
Credit Report and Analysis
There is no one size fits all formula for improving credit scores. In … (0 comments)