FHA extends Anti-Flipping Rule Waiver through the end of 2011

By Mike Jacka - Friday, February 11, 2011

I wrote about the Anti-Flipping Rule Waiver just over a year ago and at that time I predicted that it would get extended: Flipping-is-Legal-Again.

Three days before the expiration of the original waiver, they extended the Anti-Flipping Rule Waiver till the end of this year, December 31, 2011. This is good news for everyone because the real estate market needs investors right now to help clean up the foreclosure mess.

Wholesalers can do what they do best, find and negotiate good deals on rundown REO properties. Rehabbers can do what they do best, quickly rehab the properties and bring them back up to code. And first time home buyers can get into a home at a good price that is completely rehabbed and ready to move in without having to worry about painting, fixing a leaky faucet, replacing the carpet or any other cosmetic improvements that they can not afford to do or don’t have the time for right now.

Comments

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agree with stephen

Stephen12/6/2011

Sure there are investors that take advantage of the people that they are selling their properties too, but investing is about numbers. A smart rehabber won't buy a property if the numbers do not work and a retail buyer, especially in today's buyers market, will not be taken advantage of. There are too many properties on the market for this to happen unless they are uneducated and their real estate agent is greedy. This was a great article and I hope the government extends it into 2012.

ashly.shehzad10/19/2011

I agree with you And my only problem are dirtbags who are greedy and take advantage of the seller or the next buyer.anyway informative post.Thanks for sharing.. My only problem are dirtbags who are greedy and take advantage of the seller or the next buyer. http://superleds.com.au

credit repair companies reviews9/19/2011

My only problem are dirtbags who are greedy and take advantage of the seller or the next buyer.

Jana8/24/2011

@credit law: you are so right!

credit law firm8/17/2011

It seems that FHA realized the value real estate investors bring to the real estate market.

Realnet8/10/2011

You're definitely right about needing us investors to clean up the housing mess. It is true though that too many aren't trying to help anyone, just in making a quick buck.

Boise Idaho7/14/2011

Not opposed to investors who make money and help people. Investors who take advantage of people and greedy?

Boise Idaho7/14/2011

My only problem are dirtbags who are greedy and take advantage of the seller or the next buyer.

Riverside Real Estate Investors Community7/6/2011

That's good information. Thanks for sharing that info.

St Paul Short Sale Agents6/23/2011

I agree with you its a very informative post.. Thanks for sharing with us..

Danny Welsh6/21/2011

I can totally agree with post.It seems that FHA realized the value real estate investors bring to the real estate market.

Reno Real Estate Blog6/10/2011

Mike, There's a bad side to flipping and there's a positive one (the one you mentioned) where... "Rehabbers can do what they do best, quickly rehab the properties and bring them back up to code. And first time home buyers can get into a home at a good price that is completely rehabbed" Haters fail to put that into consideration. Nice post, Mike.

Real Estate Investment Trust5/31/2011

Very informative, thank you!

sonia.mike7324/14/2011

I am new here. Its a informative blog post...

Copywriting Services4/7/2011

Their trying to make a law for everything aren't they. Great site by the way.

Nikon scopes4/6/2011

The law was stupid to begin with. An "Anti-Flipping" law, it's just plain ridiculous. Like you said, it's just better for everyone. Wholesalers, re-habers, first time home buyers. Everyone benefits from the system.

Runescape Golds4/2/2011

I agree with you !!!!!

lainvestmentrealestate.wordpress.com3/15/2011

Pingback from lainvestmentrealestate.wordpress.com FHA extends Anti-Flipping Rule Waiver through the end of 2011 « Los Angeles Investment Realestate

loft42seattle.com3/13/2011

Pingback from loft42seattle.com FHA extends Anti-Flipping Rule Waiver through the end of 2011 :: Real Estate Tips

lainvestmentrealestate.wordpress.com3/11/2011

Pingback from lainvestmentrealestate.wordpress.com FHA extends Anti-Flipping Rule Waiver through the end of 2011 « Los Angeles Investment Realestate

Mike Jacka3/8/2011

Well said Ramona, I couldn't agree more :-)

Ramona3/8/2011

In so many incidences, a bank would get a better value on their sale, if there is an investor ready to purchase it. Sometimes being able to flip it and not to worry about it, helps the investor to be much more motivated and ready to buy. Allowing the flippers to do their job, will encourage the cash investment in the market, without placing the burden on the banks, isn't this goal what the law makers should works towards the most at this very moment of time? Ask the law makers to act, so we may facilitate the tools for investors to INVEST in an IDEAL Business setting, a "WIN-WIN" situation....

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