Flipping through Real Estate Financing Pain

How has the current US Real Estate financing market affected your flipping? It seems that pain in the money market is unevenly spread, and hitting some markets pretty hard.

Thomas Lawler of Lawler Economic and Housing Consulting has outlined the following issues:

Recent drastic tightening is worst in California, Nevada, Florida, Hawaii, Arizona, Rhode Island, and New York.
Risky loans are increasingly harder to get and are becoming available only to strong buyers at higher rates.

How does this impact flipping? Well the labor day kick off of our autumn home shopping season hasn't been as strong as other years. People buying before the holidays are feeling the crunch as money becomes tight.

US Lenders have been cautious with the subprimes, sticking to conforming loans under $417,000 USD. Even then, buyers need good credit and enough savings for either conforming or subprime (which are now few and far between). Jumbos are terrible, as rates are jacked up.

Flipping in these conditions can beg the question, where are the ideal places to flip right now? We know they're out there, and possible avoiding some of this real estate financing pain.

10 things to consider when flipping houses.

Here's a list of 10 things to consider when flipping houses: Location: Look for properties in desirable neighborhoods with good schools and amenities nearby. Condition of the property: Consider the condition of the property and the cost of repairs needed to make it livable. Market conditions: Research the local housing market to identify trends and determine the best time to buy and sell. Financing: Look into different financing options, such as hard money loans or private money loans, and make sure you have the funds needed to purchase and renovate the property. Property value: Research the property value and compare it to similar properties in the area to ensure you're getting a good deal. Potential resale value: Consider the potential resale value of the property after renovations and factor that into your investment decisions. Property taxes: Be aware of property taxes and how they may impact your profits. Zoning and permits: Make sure you understand the zoning laws and req...

New Mexico Game and Fish Report is Some Tasty Bait!

Why pay high advertising for your services or product when you can take advantage of existing waves? Periodically government departments issue game and fish reports which lead to hunting and fishing trips, equipment sales, and let's not forget content for media outlets. The New Mexico Department of Game and Fish has released their weekly report and the Internet is a buzz in game and fish activity. You can see some of the buzz in the news , blogs , and Game and Fish Department's website . Sure you can flip real estate, but there's always risk as discussed in the Real Estate Journal article on Real Estate Flipping . The Real Estate Journal is Wall Street Journal's Property Guide, and offers some excellent information to anyone in the property market. Bottom line is, do your homework ! Enough about real estate, what if you love to fish? Maybe you know everything there is to know about fishing. Maybe your real market is fishing! Flip fishing trips, travel agencies, air...

Moving Lips Speakerphone keeps your hands free

How do you market a metallic mouth that moves its lips in sync with a speakerphone? "Hands free desk lips" free up your hands and clip to your phone for a hands free conversation. Could this be just what you've been looking for, to make those boring calls more fun and exciting? Now I ask myself, is this a product that has no real market, or is there a niche market out there who have been saying to themselves, I wish my phone had lips? Maybe you should pre-order now?

Flip and Grow Rich | Can It Really Happen?

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