All posts by presencebuilders

Check Your Credit Report

Beginning real estate investors, check your credit report to determine your ability to finance investment property. Most lenders today require 700 or better FICO (Fair Issac Co.) scores from borrowers who want to buy investment property. Also, make sure that your total debt-to-monthly-income ratio is low. Ask SBREIA members who they use for financing.

Flipping Home Report for 2014

RealtyTrac’s Home Flipping Report shows that 26,947 single family homes were flipped nationwide in the third quarter of 2014.  That’s 4.0 percent of all single family home sales, down from 5.6 percent in the third quarter of 2013 to the lowest level since the second quarter of 2009.