(NOTE: Want to learn how to flip houses to hedge funds? Click here for our “Partnering With Hedge Funds” special report.)
So have you noticed what's going on around us in the real estate world lately?
Well let’s see, for starters, last week the temporary waiver of FHA's 90-day "anti-flipping" rule was extended through 2014. (See “FHA says flip away…” below)
The original “Anti-Flipping Rule” (enacted in 2003) was aimed at curbing the FHA’s oddball definition of “Property Flipping,” in which “a property recently acquired is resold for a considerable profit with an artificially inflated value, often as the result of a lender’s collusion with an appraiser.”
That’s not how me and my friends flip, but anways…
This was basically the FHA refusing to insure a mortgage if the seller had purchased the home within 90 days -- this impacting a real estate investor's ability to sell their rehabbed houses quickly to anyone using…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.