The term “FHA loan” is a misnomer; FHA/HUD doesn’t offer loans. “FHA loans” signify that the Federal Housing Administration is backing the bank offering the loan. They account for approximately 25% of all first mortgage loans in the United States. FHA loans are the loans of last resort for stretched homebuyers because the FHA’s guidelines […]
The FHA Insurance Cut is Cancelled – Why, and What Does it Mean?
Listings Wanted!
TransUnion Graphic Shows Good Things for Landlords
TransUnion, one of the big three credit scoring companies, released a very telling infographic about the United States rental market. While half of this graphic is veiled advertising for TransUnion’s SmartMove, my investor clients and potential investors should still find this all very interesting. What facts stick out? 1. Renter households increased by 9,000,000 households […]
Beware the Flipping Flop
Most home buyers encounter flipped homes during their search. Flipping is when an investor (the “flipper”) purchases a distressed, dated, damaged, or otherwise inexpensive property to renovate and resell. This can be very lucrative for the flipper. But is it a good deal for the buyer? Flippers are not created equal. I purchased my first […]