Get Real

http://thereiminute.com/financing-flipped-homes-with-203k-loans With the recent waiver of the FHA 90 Day Seasoning waiver the first time homebuyer's tax credit this is a great time to sell pretty homes but did you know you can sell homes in need of repairs and get the repairs finances as a part of the loan? Check it out as we explain the HUD 203k loan program.

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Episode 9 – Flipping Foreclosures and Short Sales

For a while now there has been some confusion about flipping bank owned homes and flipping short sales.  We have heard way too many people say that they couldn’t do it. The problem is we do it all of the time and people all over the country are doing it every day.  Today we decided to prove to  you that not only can you flip a foreclosed home but just what some of the biggest banks and Freddie Mac have written in their policies.

Episode 8 – HUD Wants to End Seller Financing

If you haven’t heard HUD has a proposed ruling where they would like to eliminate seller financing except for those that live in the home being financed or those with a mortgage originators license.  This would hurt real estate investors and home buyer’s alike.  Let HUD know that you think this is a bad idea.  They are taking comments on the ruling.

Visit http://regulations.gov and search on HUD and SAFE. Got to ruling FR-5271-P-01 and leave your comments so your voice can be heard.

http://www.thereiminute.com/analyzing-cash-flow/ If you are looking for a rental property one of the first things you want to know is will it cash flow. Calculating cash flow on a potential rental home is a calculation that varies widely among real estate investors. Watch as we share the conservative approach we take on how to calculate cash flow

Episode 6 - Changes to HAMP May Mean 2nd Lien Holders are Willing to Play Ball on Short Sales

On Friday Bank of America agreed to work with the federal government on their second lien holder plan in the HAMP program.  This means that they will start to work with mortgage companies who hold the first mortgage on properties in loan modification deals.  Reducing the second mortgage payment can help a lot of homeowners qualify under the governments criteria that they only pay 31% of their gross income to housing.  Just as importantly for us it may signal the beginning of better relationships between banks on short sales.  Maybe this is finally our chance to get both of them to play nice and get our smoking hot short sale deals where there are two lien holders approved!

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http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals

The REI MInute - Episode 4 - 1st Time Homebuyer Tax Credit Extension

Last week there was a lot of talk surrounding the idea that congress needs to extend the 1st Time Homebuyer Tax Credit beyone it's April 30th deadline.  Everyone from NAR (National Association of Realtors) to economists from the big banks have given their two cents.  Today we discuss the idea of extending the tax credit and how it effects you as a real estate investor or Realtor.

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Join us for a FREE Webinar on Turning a Profit with Clunker Houses with Larry Goins

February 16th at 9pm East

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Kevin asks, “When wholesaling a property what is the money received considered? Is it a commission or profit? if it is commission would you not be conducting real estate without a license? How do you explain to the bank that you want to assign a contract for more than the short sale price?”

Do you have a question? Click on the “Viewer Question” tab at the top of the page. If we use your question you will get your choice of continuing education products worth over $200.

No More 90 Day Seasoning

On today's special edition of Wha'ts News we discuss the new HUD temporary lift on 90 day seasoning to finance homes.  This is going to be big for real estate investors who buy foreclosed homes and then want to fix and sell them quickly.  No more waiting forever to get your homes sold.  It will also help neighborhoods begin to see re-stabilization after being hit hard by foreclosures and vacant homes.