Home Flippers Get Creative as Competition Heats up & Deal Spreads Get Thinner in Houston & California
Forward by Steve Dancer – Investor
Investing in Houston TX as well as California has truly changed dramaticallyt over the last 5 years! The low hanging fruit like Foreclosures & Short Sales have been diminished and the amount of foreclosures and short sales are far less frequent currently than 5 years ago!!! Therefore a new strategy for this moving target must prevail. Enter “A Retail Revolution“!
Owning Costs More than Renting
Facts are often known when both sides of the story are told. As Active Real Estate Investors, Builders, Developers & Mentors and Students of the Game now for 40 years, we work diligently to build our biz & enlighten others by exposing the REAL FACTS about being a “Professional Real Estate Investor”! In efforting to do so we often come across information that we find very informative and useful to our business which helps us develop our entry and exist strategies in an ever moving and changing industry.
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Cash for Homes $50K to $1.5 Million
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Fast Cash For Houston TX Homes
We Buy Homes from $50K – $1.5 Million
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Houston Investors Need to Keep Their Options Open When Selling
With over 90% of mortgage loans owned or guaranteed by the U.S. government, lending requirements have tightened to the point that many otherwise qualified borrowers are unable to buy a homes in Greater Houston TX, especially with higher credit score and down payment requirements as well as private mortgage insurance. FHA loans, for example, require mortgage insurance on every loan.
Home sales due to tight lending have been held back as much as 15% in some areas of the country, estimates the National Association of REALTORS®. That’s left many homeowners and homebuyers frustrated.
