Tue, 23 February 2010
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Fri, 19 February 2010
Episode 9 – Flipping Foreclosures and Short Sales For a while now there has been some confusion about flipping bank owned homes and flipping short sales. We have heard way too many people say that they couldn’t do it. The problem is we do it all of the time and people all over the country are doing it every day. Today we decided to prove to you that not only can you flip a foreclosed home but just what some of the biggest banks and Freddie Mac have written in their policies. |
Wed, 17 February 2010
Episode 8 – HUD Wants to End Seller Financing If you haven’t heard HUD has a proposed ruling where they would like to eliminate seller financing except for those that live in the home being financed or those with a mortgage originators license. This would hurt real estate investors and home buyer’s alike. Let HUD know that you think this is a bad idea. They are taking comments on the ruling. Visit http://regulations.gov and search on HUD and SAFE. Got to ruling FR-5271-P-01 and leave your comments so your voice can be heard. |
Fri, 12 February 2010
http://www.thereiminute.com/analyzing-cash-flow/ If you are looking for a rental property one of the first things you want to know is will it cash flow. Calculating cash flow on a potential rental home is a calculation that varies widely among real estate investors. Watch as we share the conservative approach we take on how to calculate cash flow |
Tue, 9 February 2010
Episode 6 - Changes to HAMP May Mean 2nd Lien Holders are Willing to Play Ball on Short Sales On Friday Bank of America agreed to work with the federal government on their second lien holder plan in the HAMP program. This means that they will start to work with mortgage companies who hold the first mortgage on properties in loan modification deals. Reducing the second mortgage payment can help a lot of homeowners qualify under the governments criteria that they only pay 31% of their gross income to housing. Just as importantly for us it may signal the beginning of better relationships between banks on short sales. Maybe this is finally our chance to get both of them to play nice and get our smoking hot short sale deals where there are two lien holders approved! FREE Property Analyzer Software Join us for a FREE Webinar on Turning a Profit with Clunker Houses with Larry Goins February 16th at 9pm East - Only 100 spots an 18 left!! |
Sat, 6 February 2010
http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals |