real estate investor: 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)

real estate investor: Can I, and Should I, Use an FHA Loan for Investment Purposes? - 06/01/19 03:17 AM
No. Well, maybe. Yes, if done a certain way. A loan insured by the Federal Housing Administration (FHA) is buyer-friendly, and it could be the ideal way for a relatively new investor to start their long-term path to wealth. First I’ll explain some of the benefits of an FHA loan, and then I’ll point out how to legitimately use it as an investor. Keep in mind that the FHA does not lend the money; a mortgage lender loans the money and is insured by FHA provided that the guidelines are met.
 
Benefits
The typical FHA loan, known as an FHA 203(b) loan, … (0 comments)

real estate investor: Dirty Dozen: 12 Mistakes Experienced Real Estate Investors Make - 05/30/19 01:58 PM
The mistakes that experienced investors make can be different that the mistakes that novices make.  Below are 12 common mistakes I see from those who own multiple units.
 
1.  Not raising rents.  I was shocked when a landlord told me that his tenant in a particular house was only paying $250 a month for rent when the market rent for that area was about $750 a month.  The landlord said he had never raised the rent in 20 years, and that he did not have the heart to raise the rent on anyone.  No wonder his tenant had not moved out in 20 … (1 comments)

real estate investor: Unlucky Thirteen: 13 Mistakes New Real Estate Investors Make - 05/29/19 06:53 AM
These are all mistakes that I have made, so I’m not pointing fingers. I urge you to learn from my mistakes.
 
1. Rushing to buy. In 2004, I called myself a full-time real estate investor yet I had never owned any real estate. With my hard-earned money burning a hole in my pocket, I bid sight unseen on a 5-unit property in inner-city Philadelphia because the flier at an auction showed a pro forma capitalization rate of 17 percent. That was a costly mistake and a valuable learning experience. I recklessly bought the property with no due diligence because I felt the … (6 comments)

real estate investor: Should I flip, or buy and hold? - 05/25/19 06:35 AM
So many people ponder whether they should flip houses, or buy and rent out houses. We will examine the pros and cons of each strategy later in this article. Before deciding between those two distinct strategies, there are three questions to consider first:
 
Why do I want to invest in real estate? What skills and resources do I have? What kind of experience am I looking to create?  
Why do you want to invest in real estate?
 
John D. Rockefeller, the world’s first billionaire, famously stated, “If your only goal is to become rich, you will never achieve it.” A common trait … (3 comments)

 
Tai DeSa, Husband and wife team. #diapersandrealestate (Keller Williams Real Estate) Rainmaker large

Tai DeSa

Husband and wife team. #diapersandrealestate

Allentown, PA

More about me…

Keller Williams Real Estate

Address: 40 South Cedar Crest Boulevard, Allentown, PA, 18104

Office: (610) 435-1800

Mobile: (484) 626-1278

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