The program offers construction financing for the development of new rental properties
California based lender opens new office to serve central time zone
The Federal Reserve’s policy of buying mortgage-backed securities to keep mortgage rates low may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers.
Thirty-eight real estate markets have been tagged as “dangerous” for investors looking to make money on buying homes as rental properties in new quarterly data compiled by HomeVestors of America (known as the “We Buy Ugly Houses®” company) and Local Market Monitor.
The Federal Housing Finance Agency (FHFA) today released its December 2012 Refinance Report, which shows that with the number of mortgages refinanced through the Home Affordable Refinance Program (HARP) in the fourth quarter, nearly 1.1 million HARP refinances were completed in 2012 and nearly 2.2 million were completed since HARP was implemented in April 2009.
A real estate investor that I know has a saying, “Your most expensive money is your own money, and your second most expensive money is your family’s money.” For those of you who have made a real estate investment with a family member, you can probably understand very well the meaning of that saying.
One of my clients, who has flipped over 400 homes, never has to think about what carpet or paint to put into his rehab houses. His contractor has the SKU numbers conveniently filed at Home Depot for easy ordering, pickup, and payment. Using one home improvement supplier like Home Depot has helped this real estate investor to quickly and efficiently flip many rehab houses over the years.