Flipping Real Estate News
Flipping Real Estate is as profitable as ever... with the right assets!
If you are looking for a way in these crazy times to become financially secure, the hidden opportunity, is to get proficient at flipping real estate. Why?
It used to be an easy check, and just about everyone was using the same methods and tactics. Since the crisis, the incompetence and followers have evacuated from the market.
That leaves only those who are SERIOUS about becoming true entrepreneurs, GENUINE business builders left looking at the opportunity.
This is a good thing!
IF you are looking for a REAL opportunity, created by today's market conditions, flipping real estate, you can position yourself to capitalize on the coming boom.
What are today's new hurdles that have driven the amateurs out of the flipping real estate business, but left a void there for real business owners to capitalize on?
1)funding your deals. The new "seasoning" restrictions are making same day "flips" harder to fascillitate. You will want a hard money lender or business partner to help you fund deals. There is an easy solution to this! More on that later.
2) The foreclosure mess. For most amateur investors, this is a problem. The easy lowhanging fruit in flipping real estate, the motivated seller who has equity in the house, is harder to get than ever. And the foreclosure mess is driving housing prices down. But that also means great bargains for flipping real estate investors who have a system.
3) Not having a system for flipping real estate. Since foreclosures are where the supply of bargain deals are, a savvy investor needs to systemitize a very bureacratic process, that is daunting to even experienced real estate investors. How does someone get up and running asap, to take advantage now? Go to flipping real estate for serious know-how on handling these tricky transactions.
The answer to all those hurdles is available. Its a short sale system that is helping investors flipping real estate deals month in and month out. These investors are doing 10 to 20 deals a month, with an average
These hurdles have driven the less motivated, easy money elements out of the real estate investing market. Stepping up is the first step.
It used to be an easy check, and just about everyone was using the same methods and tactics. Since the crisis, the incompetence and followers have evacuated from the market.
That leaves only those who are SERIOUS about becoming true entrepreneurs, GENUINE business builders left looking at the opportunity.
This is a good thing!
IF you are looking for a REAL opportunity, created by today's market conditions, flipping real estate, you can position yourself to capitalize on the coming boom.
What are today's new hurdles that have driven the amateurs out of the flipping real estate business, but left a void there for real business owners to capitalize on?
1)funding your deals. The new "seasoning" restrictions are making same day "flips" harder to fascillitate. You will want a hard money lender or business partner to help you fund deals. There is an easy solution to this! More on that later.
2) The foreclosure mess. For most amateur investors, this is a problem. The easy lowhanging fruit in flipping real estate, the motivated seller who has equity in the house, is harder to get than ever. And the foreclosure mess is driving housing prices down. But that also means great bargains for flipping real estate investors who have a system.
3) Not having a system for flipping real estate. Since foreclosures are where the supply of bargain deals are, a savvy investor needs to systemitize a very bureacratic process, that is daunting to even experienced real estate investors. How does someone get up and running asap, to take advantage now? Go to flipping real estate for serious know-how on handling these tricky transactions.
The answer to all those hurdles is available. Its a short sale system that is helping investors flipping real estate deals month in and month out. These investors are doing 10 to 20 deals a month, with an average
These hurdles have driven the less motivated, easy money elements out of the real estate investing market. Stepping up is the first step.
Flipping Real Estate And Houses
US Banks Slow to Absorb Commercial Property Losses
Real Estate New reports the Wall Street Journal says a U.S. Federal Reserve report found that banks in the country are slow to take losses on their commercial real estate loans that have been hit by slumping property values and rental payments. In a Sept 29 presentation to banking regulators, K.C. Conway, a senior real estate analyst at the Federal Reserve Bank of Atlanta, suggested that regulators were preparing for a rerun of housing-related losses that plagued many banks after the residential property bubble burst. Conway's report predicted that commercial real-estate losses would reach roughly 45 percent next year, and that the most "toxic" loans on bank books were interest-only loans, which get no benefit from amortization, since it requires borrowers to repay interest but no principal. The report also stated that banks have been slow to absorb the losses on their loans, partly due to "capital preservation" concerns. The Journal said a Fed official had confirmed the authenticity of the docu
ment, but added it did not represent the central bank's formal opinion.
MBA - Mortgage Applications Increase
The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application volume, increased 16.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index also increased 16.4 percent compared with the previous week. The Refinance Index increased 18.2 percent from the previous week, the seasonally adjusted Purchase Index increased 13.2 percent from one week earlier, the unadjusted Purchase Index increased 12.9 percent compared with the previous week, and the seasonally adjusted Government Purchase index is at a record level in the survey after a 14.4 percent increase from the week before. The four week moving average for the seasonally adjusted Market Index is up 4.2 percent. The four week moving average is up 0.2 percent for the seasonally adjusted Purchase Index, while this average is up 6.7 percent for the Refinance Index. The refinance share of mortgage activity increased to 66.3 percent of total applications from 65.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 6.1 percent from 6.2 percent of total applications from the previous week.
The dollar who came in from the cold
Real Estate News reports an article in Britain's "Independent" newspaper said that secret meetings were taking place between Arab states, China, Russia, Japan and France, to end dollar dealings for oil and moving instead to a basket of currencies. The reports were later denied, but the news helps explains the sudden surge in gold prices which would be included in the basket along with the Japanese yen and Chinese yuan, the euro, and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. It’s not the first time a story like this has been out and about. "I’ve heard the story many times," explains strategic investor Dennis Gartman on Fast Money. "But what's different this time is that the story came out in the Independent, which is a pretty well respected newspaper." Also, the fact that France and Japan were supposedly part of the discussion makes it seem more credible. "Of course everybody denied being at the meeting, they have to," says Gartman. "But do I doubt for a moment that those talks have taken place somewhere? That leaders have talked behind curtains about the fact the world needs to diversify away from the dollar? I don't doubt that for a moment." After all, China has broached the subject before too. In any event, it’s all just talk at this point.
Real Estate New reports the Wall Street Journal says a U.S. Federal Reserve report found that banks in the country are slow to take losses on their commercial real estate loans that have been hit by slumping property values and rental payments. In a Sept 29 presentation to banking regulators, K.C. Conway, a senior real estate analyst at the Federal Reserve Bank of Atlanta, suggested that regulators were preparing for a rerun of housing-related losses that plagued many banks after the residential property bubble burst. Conway's report predicted that commercial real-estate losses would reach roughly 45 percent next year, and that the most "toxic" loans on bank books were interest-only loans, which get no benefit from amortization, since it requires borrowers to repay interest but no principal. The report also stated that banks have been slow to absorb the losses on their loans, partly due to "capital preservation" concerns. The Journal said a Fed official had confirmed the authenticity of the docu
ment, but added it did not represent the central bank's formal opinion.
MBA - Mortgage Applications Increase
The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application volume, increased 16.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index also increased 16.4 percent compared with the previous week. The Refinance Index increased 18.2 percent from the previous week, the seasonally adjusted Purchase Index increased 13.2 percent from one week earlier, the unadjusted Purchase Index increased 12.9 percent compared with the previous week, and the seasonally adjusted Government Purchase index is at a record level in the survey after a 14.4 percent increase from the week before. The four week moving average for the seasonally adjusted Market Index is up 4.2 percent. The four week moving average is up 0.2 percent for the seasonally adjusted Purchase Index, while this average is up 6.7 percent for the Refinance Index. The refinance share of mortgage activity increased to 66.3 percent of total applications from 65.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 6.1 percent from 6.2 percent of total applications from the previous week.
The dollar who came in from the cold
Real Estate News reports an article in Britain's "Independent" newspaper said that secret meetings were taking place between Arab states, China, Russia, Japan and France, to end dollar dealings for oil and moving instead to a basket of currencies. The reports were later denied, but the news helps explains the sudden surge in gold prices which would be included in the basket along with the Japanese yen and Chinese yuan, the euro, and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. It’s not the first time a story like this has been out and about. "I’ve heard the story many times," explains strategic investor Dennis Gartman on Fast Money. "But what's different this time is that the story came out in the Independent, which is a pretty well respected newspaper." Also, the fact that France and Japan were supposedly part of the discussion makes it seem more credible. "Of course everybody denied being at the meeting, they have to," says Gartman. "But do I doubt for a moment that those talks have taken place somewhere? That leaders have talked behind curtains about the fact the world needs to diversify away from the dollar? I don't doubt that for a moment." After all, China has broached the subject before too. In any event, it’s all just talk at this point.
