If they make it a condition of sale that the investors have to rent the REOs they purchase, and can't sell them, then this idea won't have much impact on the resale market. Selling bank-owned properties out of the shadow inventory and then designating them for rental...
Everybody wants a bank deal or government freebie! From HW: Investors are extremely enthusiastic about acquiring Fannie Mae, Freddie Mac and Federal Housing Administration REO properties in bulk and renting or selling them, Amherst Securities Group said Friday....
Are you the type of buyer that likes your REOs cheap and ugly?
Hat tip to DOB for sending this along from the wsj.com - mistakes when buying rental properties: Traditional investments are delivering low returns, and home prices are at bargain levels. Is it time to consider buying some rental housing? Investing in real estate...
From HW: The Obama administration will begin working on new strategies for how to better sell previously foreclosed homes held by Fannie Mae, Freddie Mac and the Federal Housing Administration, which may include renting more REO. The Federal Housing Finance Agency,...
Hat tip to daytrip for sending this along, from the wsj.com: The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter. While the plans may...
A guy who probably just wanted to get a little something for himself, finds out that seeing a project through to the end can be a bigger challenge than it appears: If this might be your cup of tea and want more details, here are other clips that didn't make the first...
Are you thinking of buying an investment property? We've been hoping that Fannie Mae might be holding back some REOs until the new program opened: Buy a Fannie Mae-owned house, and get up to 3.5% credit towards closing costs through Oct., 2011. Here is a list of...
Tom Tarrant is progressing on his Painted Lady remodel - go to his website for more info: http://tomtarrant.com/painted-lady-week-6/ Here's his latest video:
The guy from the TV show, Flip This House, wants to show you how to do it too. He has a seminar tomorrow to discuss how he is going to make $150,000 profit on this house at 1036 Edgemont in South Park. The house had been purchased at the trustee sale by our favorite...
