There seems to be a lot of confusion surrounding the FHA 203k loan program. While it is an excellent tool for homebuyers looking to purchase properties in need of a little rehab, many likely candidates avoid the product because they simply don't know what it is. So just what is 203k construction financing and what can you do with it?...
by Matt Kastner When it comes time to purchase a home, most homebuyers fail to consider the path of purchasing a multi-family. Whether this is due to the belief that they can't afford it, that they can't compete with seasoned investors, or something else altogether, most people don't give the matter much thought. By doing so, they are missing out on a unique and profitable opportunity. With current FHA 203k lending...
by Matt Kastner In a last minute move by Congress, the $8,000 Homebuyer Tax Credit program has been extended yet again. This extension will drag the program out until September 30, 2010. There is a catch though. It only applies to people who had buildings under contract on April 30, 2010. Originally set to expire June 30, 2010, this extension is for those people that have not yet been able to close on contracts after...
by Matt Kastner Dealing primarily with the foreclosure market in the past two years, lately I have been involved in many Fannie Mae transactions as both a buyer's agent and a buyer. Unfortunately, although they are often some of the best deals on the market, that fact might be changing. If you are a real estate investor, Fannie has now stacked the deck against you....
by Matt Kastner Other than which building to buy, the most important question to ask yourself when investing in real estate is "How am I going to pay for this?" If you're loaded with cash and have a ton of equity built up in your house and other investments, this is a pretty easy question to answer. But for most of us, things aren't quite so simple....
by Matt Kastner