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 worse than it sounds. The S&P/Case-Shiller report posted declines in both its 20-city composite and its 10-city index, which declined 3.6% year-over-year. AND ALSO: home prices ticked higher for the second consecutive month following an eight-month slide. Read article.
Reminder: FHA loan limits to decline.
FHA loan limits will likely decline in 669 of the 3,334 counties that are eligible for FHA insurance, effective October 1, 2011. Read and check your location.
Rates at all time low
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac: "Treasury bond yields fell markedly after signs the economy was weaker than what markets had previously thought - and on a on a positive note, there were indications that the housing market is firming. Real residential fixed investments added growth to the economy in the second quarter after subtracting from growth over the first three months of the year". Read up
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"Change your thoughts, and you can change the world"
Norman Vincent Peale
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