People who want to get into the real estate investing business always want advice about what kind of houses to buy and flip. From the day I started flipping houses to today, my simple answer has been the same: Buy … Continue reading
Posted in Flipping Homes | Tagged Armando Montelongo, Armando Montelongo Companies, home ownership, house flipping, real estate investment | 23 CommentsIn case you missed it, those of us in the house flipping business got a big break from Washington, D.C., recently. The Federal Housing Authority, which insures most of the mortgages for first-time homebuyers in this country, has extended the … Continue reading
Posted in Flipping Homes | Tagged Armando Montelongo, house flipping, local real estate markets, real estate investment | 6 CommentsThere’s been a big burst of activity in the REO asset management business recently. And that could mean some big changes for real estate investors. REOs (foreclosed properties, “Real Estate Owned”) have been big business for several years now. But … Continue reading
Posted in Armando Montelongo, Flipping Homes, Market Conditions, Real estate investing | Tagged foreclosure, house flipping, local real estate markets, opportunity, real estate investment, REO inventory | 16 CommentsThe homes we’re flipping are having a bigger impact on existing home sales than anyone imagined. That’s according to seasonally adjusted numbers reported by the National Association of Realtors. Every state except Vermont posted gains in existing home sales during … Continue reading
Posted in Flipping Homes | Tagged house flipping, REO inventory | 7 Comments