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30 July 2015 | 3 replies
The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014.FHA deems a sales contract to be executed when all parties to the contract have signed the contract, and the contract is enforceable under the law of the state the property is located.Mortgages that are made on properties in which sales contracts have been executed after 11:59 PM, December 31, 2014, are not eligible for a waiver of the regulation prohibiting property flipping.FHA will not extend the waiver beyond December 31, 2014.Section 203.37a(c) lists the sales transactions exempt from this rule.The exempt transactions include sales by HUD of real estate-owned (REO) properties under HUD’s regulations in 24 CFR part 291, sales by other federal agencies of REO properties, sales of properties by nonprofit organizations that have been approved to purchase and resell HUD REO properties, sales by state - and federally - chartered financial institutions and government sponsored enterprises (GSEs), and, upon announcement by HUD through issuance of a notice, sales of properties in areas designated by the President as federal disaster areas.The regulation, including its exemptions, is still in effect.Quick Links and ResourcesReview the Federal Register Notice (Docket No.
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31 July 2015 | 18 replies
push hard for as large as an em deposit as you can get and likely keep The more skin she has the game the more she is likely to close.
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30 July 2015 | 1 reply
While we take great care of our home, I have found the key is for the other side to have skin in the game too.
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1 August 2015 | 14 replies
I'm looking at buying a set of 3-5 du/tri/quad-plexes over the next 5-8 years, then transitioning them into a 10-20 unit apartment building.End game is somewhere in the range of 50-100 doors spread out over 2-5 high-quality properties.
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5 August 2015 | 18 replies
My end game is to spend more time with my son and less time working tedious and unfulfilling jobs to support him.
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5 August 2015 | 9 replies
One of the best things you can do when you are first starting out is find an experienced investor to team up with to help you get some skin in the game.
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18 October 2015 | 12 replies
If I get the job, then I can slowly get back into the game without worries.
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13 August 2015 | 166 replies
So if you want to be in the game a long time and "wholesaling" is what you want to do, then put on your big boy pants (or big girl pants) and take the test, pay your fee and be part of responsible society.
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3 August 2015 | 0 replies
I woke up around 4:30am thinking about mine. I've decided since I've recently landed a new job and have some extra disposable income I'd like to invest as a private money lender. No, its not that much disposable incom...
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10 August 2015 | 19 replies
New system no doubt is the end game for this case.