FHA Anti Flipping Rule Extended In 2011

There's good news for home buyers and real estate investors. The troublesome HUD rule banning investors from selling a property within 90 days of their purchase to an FHA buyer has been lifted for one year starting on February 1, 2010.

It's now one year later, and FHA has decided to extend the "anti flipping rule" for an additional year.

"Reporting from Washington — One side effect of that policy had been to stifle purchase-and-renovate projects by legitimate, small-scale investors who buy houses after foreclosure or loan defaults and then resell them in substantially improved condition. In many parts of the country, first-time and moderate-income buyers often sought to buy these fixed-up houses using FHA-insured mortgages with 3.5% down payments, but were prevented from doing so by the "anti-flipping" rule."

See the original post at www.realestateforeclosuresinvesting.com.

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Tips For Showing & Selling Houses This Holiday Season

If your home is currently listed for sale? Below are some tips for showing - and selling - your home during the holiday season.

1. Don't, if you don't have to.
2. Ditch the holiday decor or make it meticulous.
3. Set a few, clear "no show" dates and times.
4. Expect some inconvenience and irritation.
5. Engage in safe, sensory staging.

See the original post at www.Trulia.com.

For additional information to ideas like the one above, simply enter your name and email address below for timely real estate investing tips, information and cutting-edge marketing strategies to help you become a better investor. You'll receive your FREE real estate investing newsletter. Learn two dozen investor mistakes to avoid. Most importantly, we'll notify you about the up and coming Knoxville investment club meeting.

You can STOP Foreclosure in Knoxville.

Unless you've been living underground for the past eighteen months, then you already know that the current real estate environment has produced a buyers market. We BUY Houses in Knoxville, because the current market is favorable to us as investors. But buying houses is NOT all about us, Roberts Investment Properties LLC, it's also about people, building relationships, helping those in need and giving back to the Knoxville community.

Roberts Investment Properties LLC was formed back in 2007 to help home owners in the greater Knoxville area. Our mission was then, and still is today, to help solve real estate needs. The following are just a few of the areas of need that are our specialty: (1) bankruptcy, (2) divorce, (3) probate, (4) foreclosure, (5) job loss, (6) job relocation, (7) evicting tenants or (8) damage to the property itself.

We Understand That YOU May Be Going Through A Difficult Time

The aforementioned hardships can be financially devastating to peoples lives. This is where we can best help. Roberts Investment Properties LLC has built key relationships with a network of professionals to work with each homeowner on a case-by-case basis. We listen to the homeowners specific needs and put together a plan that is a favorable solution to all parties involved. For example, if the homeowner is in need of prompt financial capital, then we will work out an arrangement to close on their time line.

Not only do we do our best to help homeowners in difficult situations, we also want to help the Knoxville community. Roberts Investment Properties LLC is proud to be a leader in the community, and our mission is to donate no less than ten percent of proceeds to our favorite local charities. Zig Ziglar put it best, "you can have everything in life that you want if you will help enough other people get what they want."

We are local and we are trusted. We BUY Houses both single family as well as multi-family dwellings. Roberts Investment Properties wants to help home owners just like you. Visit us TODAY at www.8655HOUSES.com to find out more about your 100% free and 100% confidential consultation. We look forward to hearing from you soon.

The MAO Formula - It's How We Buy Houses!

No matter if you're in an up market or a down one, you can still use a simple method to buy homes. All the guru's will tell you that profits are made on the purchase price of the home (NOT the sell price). One of the best ways to make sure that you buy at the right price is to use the MAO formula. We buy houses in Knoxville using the MAO formula.

The MAO formula is THE mathematical equation used by investors to help insure buying at the right price. MAO stands for maximum allowable offer. The most widely used version is [(ARV * 70%) - Cost Of Repairs] = MAO. ARV stands for after repair value. This is the value of the home when is has been fully rehabbed and is ready to sell to a retail buyer. That value is then multiplied by 70% (some guru's may use a bit more or less). Next, this value is then subtracted from the cost of repairs. Sounds somewhat complicated doesn't it?

Here is a simple example of how the MAO formula is actually used. Say for example the ARV of a home is $100K. This amount is then multiplied by 70%, which in this case turns out to be $70K. Here's the hard part. You must estimate the repairs of the home as accurately as possible. If your estimate of repairs turns out to be, say $10K then the most you would ideally like to pay for the home is $60K.

Here's a recap of the above example.
*ARV is $100K
*$100K X 70% = $70K
*Repair Estimate is $10K
*[(100K X 70%) - 10K] = 60K = Maximum Allowable Offer

No matter if you buy houses in Knoxville, TN or Billings, Montana you can use the MAO formula as a tool to pay the least amount possible for your investment property. We at Roberts Investment Properties LLC want to see you succeed as a real estate investor. Our success is linked to your success.

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