All posts categorized under ‘For Investors’
The Federal Housing Authority (FHA) has extended the temporary waiver through the end of 2012 which allows Sellers to flip property they have just purchased with an FHA loan sooner than the normal wait time of 90 days. The idea was to streamline the process, and eliminate the backlog of foreclosed homes, getting them ready for new owners sooner. But not only does this apply to foreclosed or abandoned homes,
A few years ago, a small but consistent percentage of business out there came from rehab investors looking to buy a property, fix it up and resell at a profit. There were lots of people trying to do it. The good deals were always hard to find, and you really had to know your numbers on rehab cost estimates, holding costs and probable selling price, but a savvy investor who was
As the market slowed during the last few years, it’s been obvious that fewer speculators were choosing to purchase homes with the idea in mind to rehab them and sell for profit soon after. While once that was a steady portion of the market, that part seems to have dried up almost entirely in recent years. A few projects still go forward, but it takes sober insight by an experienced rehaber
It’s common knowledge now that in previous years, some mortgage lenders loaned money to some people who never should have received a loan. That led to many defaults and foreclosures and added to the other troubles in the lending and housing industry. So we all should welcome recent credit tightening as a positive step toward helping to strengthen that part of the economy. The bar has
The idea is simple. Find a home that’s offered at lower than market price and needs some fixing-up…buy it…put some work into it…and flip it for a quick profit. With all the stories about foreclosure and bank repos, one would think there would be a ton of them out there that would work. The trouble is, there really are only a few homes that fit the correct model.
Search thousands of properties currently listed in central Indiana.
