investors: DFW Tornado Victims At Risk For Losing More Than Their Houses - 01/31/16 05:06 AM
"[S]ome crappy 'cash for damaged homes' company is using a pic of MY damaged home in their ads! I DO NOT endorse any of those places! We have not sold and are rebuilding! Such a violation!" -- Homeowner, Nana Hutchinson Gregg
This screenshot shared with homeowner's express permission.
Homeowner, Nana Hutchinson Gregg, has had better mornings. As she scrolled through a local support group's Facebook page, she recognized her Rowlett, TX home being used in an advertisement by a North Texas real estate investor group on their Facebook Page to promote their offer to purchase tornado-damaged homes.
The advertisement credited a local news media group as the … (8 comments)

investors: Home Inventory Is Shrinking for FHA Buyers - 03/22/15 06:56 AM
FHA Buyers and the Realtors® who represent them are facing a shrinking pool of compatible homes to choose from. Ironically, the latest cuts stem from HUD's re-implementation of FR-4615 Prohibition of Property Flipping in HUD's Single Family Mortgage Insurance Programs, better know as the "FHA Anti-Flipping rule" or "90-day Seasoning Requirement" initially enacted in 2003.
As of January 1, 2015, Buyers who are using FHA financing once again aren't able to make offers on certain properties as soon as non-FHA financed buyers.
Originally designed to protect FHA Buyers from illegal flipping schemes and curtail mortgage fraud, the Anti-Flipping rule prevents applicants from successfully getting approved … (0 comments)

investors: Our Secret Cheat Sheet to Multi-Family Metrics - 07/13/14 02:09 PM
Providence Group Realty serves a large and growing investor niche within the DFW Metroplex and surrounding communities. Although most of our investors are interested in accumulating single-family properties, we are starting to see growth on the multi-family side as the Telecom Corridor® continues to expand.
Whether cultivating a relationship with a newer investor -- or training an agent to start pursuing service delivery in this area, we find that the vocabulary used in buying mutli-family properties has a tendency to be unique, and at time differs from both single-family and commercial real estate.
Here is our hotlist of key performance metrics for … (6 comments)