News - FHA 3% Down - 97% Loan

[Brian Gibbons]

http://www.housingwire.com/articles/print/32269-fa...

I am in the Rent to Own business, so this is news!

Idea: Be a Home Ownership Coach as an Agent

Find sellers with no equity

• buy sub2, wrap
• lease option and assign
• lease option and stay in the middle

Find buyers that have 2% down

• sell on lease option

PM me if you need help.

Brian

[Bill P.]

@Clay Manship 

It really doesn't matter if there is true equity there; it only matters that Fannie Mae thinks there is. Of course, they're wrong but since we don't set the rules, it is only important to play with what we are given. My firm also operates in the RTO space for ourselves and our investors and we find this news wire to be a confirmation that it's going to be 2006 all over again in the near future so get involved before the window shuts.