FHFA Wants to Hear Your Thoughts on Proposed Loan Limits

Not only does this guy need to be exposed, but also the agencies at play need to be held accountable for letting this go on so long and for using up so many tax payer dollars.Finally, contact your legislative representatives and appropriate lobbying groups to change the laws that are holding back sensible solutions to a problem such as this.

Also, you'll have one lender managing the proposed transaction, coordinating requirements on all the properties, appraisals, inspections, engineer reports if any, title work, escrows, insurance and closing requirements, it will be much cleaner to facilitate with multiple properties.

Now if you were proposing to flip these houses and your detailed numbers showed the all in costs would be 60% ARV, that we'd be out in 6-months, and you had the track record to back-it up, then I might entertain putting up all the money, but you can rest assured, I'd be looking for my pound of flesh to ensure the risk was worth it.Now, it your lender is willing to put-up 110% of the acquisition costs, let you rehab, and maintain title/control of the property, you are a lucky man and better treat this lender as well as your Mom.

So just found this property with a suppposedly "motivated seller" here are the numbers: Proposed Sale Price 185,000 Gross Rents - 1800 Less 8% Vacancy Loss <144>Less Insurance <44>Less 10% repair budget <166>Less Tax <180>Less deb service <1055> (80% at 4.875, 20% HELOC from Primary Residence at 4.5%Net Monthly $2168.3% Cap and the agent I work with likes the property and appreciation potential.Both units renovated 2 years ago.Thanks!

Here is a nice article if anyone is interested in learning more:An Overview of the SEC’s Proposed New Regulation A+: Does It Make the Grade?

That's the case at the federal level.I also gave feedback to the proposed rulings, for more lax regulation, but you don't see me claiming I impacted any decision, I'm sure the CFPB got an ear full.

I really appreciate everyone's helpI have since talked to a lawyer, and then proposed traditional owner financing to the prospective buyer.

BTW, a portion of the dues goes to lobbyists that TREIA hires from time-to-time to help fight state-level legislation that could negatively impact RE investors.  

As far as having friends in the area...My choice (at least in this question that I am proposing) is between not investing... for now, and investing in some type of network.