Starting February 1, 2010 FHA is waiving the 90 day seasoning rule designed to discourage flipping.
Chalk this one up to the never ending list of unintended consequences. When the 90 day rule was adopted, it was a typical knee-jerk political reaction to stop speculators from “flipping” houses. No real thought was given before adopting the [...]
I get a private message today from a member of a forum. I had mentioned we bought apartments. I posted that way back in July of last year when, we were buying apartments. Now, not so much, but if a good deal comes along we would still consider it.
The come on of the message was [...]
Continue reading about I Am So Tired of the Newbie Trying to Fake It Until They Make it.
This morning I get an email from one of our people in the field trying to sell a home we have had in our inventory for a while. They wanted to know how to get in contact with former renters to get copies of the utility bills.
Huh? Are you nuts?
They said in the email they [...]
Continue reading about Sorry, It’s not THAT Much a Buyers’ Market
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