Investor renovation products - NOT 203k - Sacramento to Dallas & San Diego to New York

What products are there for investors? The FHA 203k loan is an Owner Occupied product for the time being. Once there were investors allowed but they tended to abuse the system. Many of the non-profit entities were also riddled with fraud so there are only a handful of potential lenders who will even touch a non-profit right now. I know of three that come to mind right away but most of the other ones have fallen by the wayside.

I’ve been to many and I do mean “many” investor group meetings… you probably have one in your city… just search for “REIA” – Real Estate Investment Associations and you may be shocked to see how many exist but for sure you will be amazed.

If you have a shortage of listings in your area just visit one of these groups and ask for the “wholesalers” and you can pick up some listings or properties for your investor clients. I had a lender tell me he had over 100 qualified buyers in his area and there weren’t any listings or homes available for them… I made a call to a Realtor friend of mine to be sadly surprised with “yes, there are no listings”. I then called an investor acquaintance that I had met a few nights before and was told he personally had 120 homes for sale in that area. This is like “you can’t see the forest because the trees are in your way”. What is that all about? By the way, they still don’t get it. I don’t have time to carry you to a meeting people. Just go, you will profit from the visit if you interact… or sit there and you could have saved yourself a trip…