I've been licensed for about a year now and had been working under a broker for about 8 months.I just did my 5th yellow letter campaign in my area and an agent received one and they called and complained to their area president who in tern called my broker.

Rene'

I could honestly do all but about 20k of the work myself as I live in one side for a year.On top of that, the listing agent knows the bank president personally, and has practically begged us every day for the past few weeks to put in an offer, ANY OFFER.So I did.

Rate lock for six years and then annual resets thereafter sounds like a lot of risk Put bluntly, don't assume that you, or I, or anyone, can accurately predict where the market is going and in turn, where interest rates are heading.  6 years is a long way out, with a whole host of impacting events in the middle of it (Euro-zone issues, an election cycle and new president, potentially a new party being elected, etc.).  

Thanks @Micah Copeland @Dev Horn @Roy Oliphant @Renee Cato @Ryland TaniguchiCurious, for all the licensed agents that are wholesaling or even just buying homes for cash to flip yourselves, do you provide BPO or CMA to your sellers even though you are not representing them? 

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.

I waited patiently but it has to come out. Are your tired of Dodd-Frank, afraid of losing mortgage deductions worries about raising capital gains ,anti-flipping laws.Worried about the fed trying to deflate real estate...

As you push the HOA to take action, it is more than likely that you'll find yourself sitting on the board, if not holding the office of President.  

What would you advise me to help our HOA President and other owners to understand we should get this and will need to pay for it?

I got a major equity stake and was president.. ran that for 6 years.. 50 million HML in Bay area.disaster struck in 1989 to 1990  and I sold out in 1992  remember earth quake and war.Bay area took a huge hit then.I then through a sheer luck.. met my future bizz partner around the pool in Maui.. and I got in the timber business in Oregon I lived in Napa valley and commuted form 92 to 2001.. that was a GREAT run and one of the best business I have ever done.went into buying foreclosure in Oregon in 2001 it got uber competitive when trustee info become available on the net.. moved those funds back to HML  ( in those day I just wrote a letter ot the state and got a Mortgage bankers license no test required)  ran that company up to 35 to 40 million then got my postier handed to me in 2008 to 2010 and then put together a company to buy distressed assets.. ran that up to 350 homes form 2010 to 2013 got bought out and had a nice liquidity event.. now I just build houses in Oregon and Charleston and do JV deals with folks in 12 states.