flipping property: The FHA Anti-Flipping Rule and What it Means for Flippers and Buyers
- 06/04/19 07:57 AM
If you are buying, fixing, and flipping single-family houses – particularly starter homes – then you need to know about the Prohibition of Property Flipping Rule created by the Department of Housing and Urban Development (HUD) to prevent egregious predatory flips within the Federal Housing Administration (FHA) mortgage insurance programs. I will first explain the rule, then the exceptions to the rule, and finally the strategy flippers and homebuyers can take. The FHA anti-flipping rule was instituted on June 2, 2003 and includes the following stipulations when the buyer is obtaining an FHA loan: Only owners of record can sell properties. This … (1 comments)
flipping property: Finding Hidden Profits Most Real Estate Investors Miss
- 07/03/10 10:34 AM
This is a great article written by my business partner Merrill Beyer III. Enjoy! Did you miss our most recent Lehigh Valley Real Estate Investor Group Meeting? No problem! I have summarized below what I had to say about the opportunities for realizing Hidden Profits. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ But first, take a look at this un-hidden, very much in the open Real Estate Investment opportunity we at Significa are offering (go to www.significadeals.com for the details). Here are the highlights: - $1,194/month Positive Cash Flow--that's after all expenses - Off-Campus Student Housing for LaSalle University - Located in the Germantown section of Philadelphia, it's a … (2 comments)
flipping property: Investors: One Mistake Is All It Takes
- 06/17/10 08:16 AM
It was supposed to be a simple transaction. Invest in property, rent it, and have the tenant pay the mortgage. The young couple had allocated $52,000 of their savings to buy a detached single family house as their first investment rental property. The couple's goal was to renovate the house, rent it with the help of a property manager, and then refinance so they could recoup their initial cash investment while keeping the house. They were not into flipping property. Their real estate consultant from a property investment company told them that the After Repair Value (ARV) was around $65,000, … (3 comments)
If you are buying, fixing, and flipping single-family houses – particularly starter homes – then you need to know about the Prohibition of Property Flipping Rule created by the Department of Housing and Urban Development (HUD) to prevent egregious predatory flips within the Federal Housing Administration (FHA) mortgage insurance programs. I will first explain the rule, then the exceptions to the rule, and finally the strategy flippers and homebuyers can take.
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