Friday, January 1, 2010

Flip properties to FHA buyers

1. Inability to Flip properties to FHA buyers (90-day holding period required - which means you gotta hold the property for at least 90 days before you can resell to your buyer).
2. Difficulty in assigning Short Sale or REO contracts to other parties (most banks won't allow it and only a handful of title companies do so).
3. Legally and ethically overcoming conventional lender seasoning requirements (once a lender says you gotta hold the property for a couple centuries before you can flip, you're toast).
4. Bank of America's "Item #10" that mandates 30-day seasoning (practically the same thing as #3).
5. Having a deal blow up if the end buyer misses the closing deadline by just a day or two (you'll end up with an unwanted property, which is a one-way ticket to migraine central).
Good thing we've found a way around all of these obstacles and we're prepared to spill the beans Wednesday, October 28th at 9pm Eastern.Now don't get me wrong,
REOs and short sales are still the hottest ticket out there...... the banks just got a little smarter.No worries though, because after this week's training session, you'll be smarter than any of them combined.You gotta hurry though, the call is filling up fast!
Maybe it has something to do with the fact that I'll have oneof our top lenders on the call who's got pockets 10-digits deep and who's willing to work not only with major players but with newbie investors too.Trust me, this is one contact you'll be glad to have once you're on your way to the closing table. Click here to reserve your spot now!Success and nothing less.Stacy Kellams

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