Peter Mastroianni

That's right I said it and I will say it again. Go flip yourself. ---And you'll thank me if you do.

What am I talking about? Well, I am not trying to be profane.

I'm saying "flip" a house...to yourself! How? Let's look at how a "flip" works.

Speculators "flip" a house using the following recipe:

A) Start by finding a house at a competitive price (because it is in need of repair)

B) Purchase the house and add needed improvements (like a new kitchen, new bathrooms, new windows, and a new roof)

C) Presto Change-o you created a new, completely renovated house that is worth more than your purchase price + the cost of improvements.

In other words. you just created equity (money/value)!

Before - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -After

Well maybe not that extreme of a change, but you can make a significant change nonetheless.

The speculator would then attempt to sell the house and pocket the spread.

However, this process requires the speculator to:

1) Have a down payment of at least 30% of the purchase price to purchase the property (because purchasing a property for investment requires a large down payment, regardless of your credit and income),

2) Have cash to pay for closing costs, less any seller concessions

3) Have cash to pay for the improvements,

4) Have cash to pay the mortgage payments during the renovation and until the sale, and

5) Have the good fortune/patience/money to hold the property until you get the price you need to earn your profit.

Speculators are at a significant disadvantage compared to YOU,

if you purchase a home and "flip it" to yourself.

Why? Because speculators do not have access to the best loan product out today

AN FHA 203K LOAN

For you to "Flip Yourself" using an FHA 203K loan you have to:

1) Have a down payment of only 3.5% of the purchase price plus the improvements you choose (because purchasing a property for yourself to occupy requires a relatively small down payment), and

2) Have cash to pay for closing costs, less any seller concessions.

That's it.

What about #s 3, 4 and 5? Well a 203K loan allows you to

3) Finance the improvements in the same loan, at the same low rate as your purchase money mortgage, (leaving your savings intact),

4) Finance the mortgage payments during the renovation, again in the same loan, and

5) Enjoy living in the terrific "new" house you customized for yourself while delighting in the knowledge that you just created equity in your home!

Note: If you have already closed on your home you can refinance with a 203K loan and get the same benefits!

Making Life Better, One Loan at a Time

Get this: Google is taking pictures of the INSIDE of retail stores now, adding a new feature called "Store Views" to their deadly arsenal of information. Using Store Views you will be able to see all the products for sale on the shelves of any store, and click to purchase them. Pictures are taken inside the stores at six foot intervals. A mammoth task, but Google is undaunted.

And so I ask: Where will it end Google? Will your voraciousness for content end at my street view, or will a GoogleGuy be ringing my bell, asking to take a picture of the inside of my medicine cabinets?

Imagine this: As soon as you fall asleep, GoogleGuy slips into your house (after an online consent of course- you clicked to "Agree"). The tireless camera wielder takes a picture of every single thing in your house, leaving no stone, or shirt, or plate, unturned.

When you awaken, your entire life is on Google. They call it "Life View" or something.

Do I have enough aspirin? Why use all the energy it takes to walk to the bathroom to check when I can virtually walk there, click on the picture of a near empty bottle, AND purchase a refill, if needed.

Do I need more paper plates? Google's photo recognition technology will tell me exactly how many are in the house, both used and unused, since they take pictures of the garbage as well (you never know when you might want to "Google" what you threw out).

Facebook integration will allow me to "walk through" my friends houses as well. Google will then be able to answer every question I ever have.

"What kind of mustard does Joey use?" or

"Does Phil wear boxers, briefs, or boxer-briefs (-my personal favorite)?"

Google Life View. Your Life, Online. I can't wait.

http://www.electronista.com/articles/10/02/04/google.street.view.to.get.in.building.looks/

-Peter

:)