The Real Estate Investing Minute
Summary: Join us throughout the week as we share breaking news, helpful how-to's, useful interviews and answer your real estate investing questions to help you build your real estate investing business or start investing. http://thereiminute.com
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- Copyright: Roxx Productions, LLC 2009
Podcasts:
Flipping Foreclosures
Watch the entire webinar http://www.thereiminute.com/flipping-houses-replay/ learn how Larry makes really good cash on cheap houses no one else wants.
Flipping Clunker Houses Webinar
http://thereiminute.com/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.
HUD Ends Seller Financing Homes
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
Calculating Cash Flow
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!
Will New Second Lien Holder Rules Help Short Sales?
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
How to Structure Private Lending
http://thereiminute.com 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.
Homebuyer Tax Credit Extension
http://thereiminute.com 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?”
Getting Your Wholesaling Profits