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28 February 2014 | 2 replies
With a fix and flip, I have heard that it is difficult to resell the properties within the first 6 months of acquiring them because of new lending regulations (it is difficult for potential buyers to get financing on the property if you have held title for less than 6 months), which of course limits the turnaround time and potential ROI.Because of my tenure in the new construction industry, I have a large network of potential team members (general contractors, estimators, licensed trades, conventional mortgage loan officers, property managers, title companies, etc.) that can be assembled quickly, but do not have any non-conventional financing options readily available.
17 July 2014 | 16 replies
Please dont offer advice to someone to improve a property without title.Buy it sub2, get title, improve it, resell it.
15 February 2015 | 5 replies
The cost to buy, hold and resell a property can easily be 10% but more likely 15% and can be as much as 20%.
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9 July 2015 | 5 replies
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.
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4 July 2017 | 5 replies
Hi Lance,I train on Lease Options, Wraps, AITDs, Partnering, Private lending and more.Lease option assignments is usually for little equity, you lease option from seller, then assign for a 3% fee.Flips are you buy it, fix it, resell it, profit.Wholesaling is you selling a contract for a small fee.
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25 August 2017 | 2 replies
I considered all of my possible exit strategies: rent it out to someone that has a mobile home; sell the land; finance a mobile home purchase and resell or rent, etc.
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26 February 2018 | 30 replies
I own one unit that I bought in a desirable white collar neighborhood to get in, get feet wet, and know I could resell and break even if I got over my head.
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13 August 2017 | 16 replies
Purchase and then resell.
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6 October 2009 | 15 replies
Thats the strategy.Here in Germany all buy these houses for hold and permanent income, not for resell.
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7 October 2009 | 2 replies
This seemes like it is suspending the 90 FHA hold for investor's to resell a "flip" property.