All Forum Posts by: Moshon Reuveni

I was wondering what’s your ideas and what can be done about this?
Dec. 2 (Bloomberg) -- Homebuyers seeking to take advantage of a government mortgage-guarantee program will have to put up more cash in some situations as officials look for ways to shore up finances at the Federal Housing Administration.
“Down payment is one of the elements we’re looking at,†Housing and Urban Development Secretary Shaun Donovan told reporters today after a congressional hearing in Washington. “A second is the upcoming mortgage insurance premium and then other cash that needs to be brought to the table.â€
The FHA is also considering cutting the amount of home seller concessions a buyer can receive by half to 3 percent of the purchase price to combat inflated appraised values, Donovan told the House Financial Services Committee. The minimum credit scores required for borrowers may also be raised, and the guarantee fees charged to lenders may increase, Donovan said.
“We have made the decision to exercise our authority to increase the up-front cash that a borrower has to bring to the table in an FHA-backed loan, to make sure that FHA borrowers have more ‘skin in the game,’†Donovan told the committee.
HUD, which oversees FHA, will provide details in January, he said. Some changes may take affect in the first quarter while others, like raising annual insurance premiums, need congressional approval and will take more time, he said.

Best ROI 20%-50% per year is to buy REOs all cash and then flip it to FHA buyer. This is a very active investment and will require a lot of your time invested as well as your money. Since you are still young it might be a fun game.
You can get 15%-18% ROI by investing in hard money short term notes with LTV of 60%- 70% for 1 year (e.g. 15% + 3 Point) this is a little risky and will require study of the local market.
You can get 10%-12% ROI on very secured trust deed hard money with LTV of about 50%. This is very safe and also very passive. After the initial investigation you can put your attention on other projects. Like selling real estate or sending explosive packages to Robert.

There are not very many people who will do it. Those who may finance such a risky deal will charge handsomely.
Ideally you should tie the property in a contract and only then approached the lenders. The catch is that you may need to show the cash in hand to enter a contract.
Most investors will need to see in advance : 1. specific property address 2. A contract 3. Projection and exist plan in addition to normal application etc. in order to consider this type of financing.

Gold goes high indicates possibility of inflation and in an inflation I when money lose its value real estate should come up.

I'm not disagreeing with the concept of the "influence system" overall I think it is great. In my opinion by administrating too steep a punishment on new people we will lose few good people. You may say that it is not a big lose because they are spammers but maybe they simply didn’t read the rules. Frankly it is very easy to weed out real spammers at any time.

Another idea is to have some kind of programming that will have a popup warning window, only for the first 3 times somebody post on the forum. This way it will no distract from those who regularly using the forms but will give a fair warning to would be spammers.

The intention is to get rid off spam but not to get rid off people who inadvertently spam, but still like to participate. Giving a big deduction in influence points may discourage good people from ever coming back and really contribute to the forum.

It is a good idea but it must be known especially to new people. I have just got punished with -200 influence points because I was not familiar with the rules. I propose that you put a link on the word "influence" directed to this forum so people will know about it.

Don't give up. It was impossible 6 months ago but there are many investors now getting interested in this market and depending on your area if you look hard enough you may find somebody who can help you.

Don't give up. It was impossible 6 months ago but there are many investors now getting interested in this market and if you look hard enough you may find sombody.