Archive for February, 2010

Investment Property- New Foreclosure Regulations New Regulations Make It Easier for Investors to Buy Foreclosed Property

Saturday, February 27th, 2010

As of February 1, 2010, HUD is waiving its 90-day anti-flipping rule for FHA financing. In today’s market, FHA research finds that acquiring, rehabilitating, and reselling these properties to prospective homeowners or investors often takes less than 90 days. This should encourage investors to buy foreclosed properties.

The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.

This is good news for property investors. Investment property that has been bought by a wholesaler and rehabbed is a great investment. For most investment property owners, it makes sense to buy already rehabbed houses that provide immediate cash flow and equity. The key is to buy houses below market price in order to ensure positive cash flow. Rehabbing a distressed property is best left up to the experts who have the experience.

Check out rehabbed properties in Indianapolis, the best investment property market in the country. For information on below- market priced, rehabbed housing, with positive cash flow and photos, please go to: www.indianapolisinvestment.com