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How to vet private money lenders for real estate investing

Housing Wire

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Property managers and real estate agents who are interested in working with investors.

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How Biden’s Neighborhood Homes proposal impacts real estate investors

Housing Wire

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My Local Investment at a Larger Scale. Local Investment at a Larger Scale.

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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 322
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Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

These standards were not developed with any real input from HUD, which has exclusive statutory authority for manufactured home construction and safety standards nationwide, through the HUD Code. DOE should delay its effective date, while it works with HUD to develop more balanced standards. FHA , Fannie Mae and Freddie Mac can help.

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Redwood Trust finalizes acquisition of lender Riverbend 

Housing Wire

CoreVest provides financing to real estate investors across the country and as of late June boasted more than $15 billion in loans closed and some 125,000 units financed, according to the lender. It also serves professional developers of multifamily properties. Redwood executives say Riverbend will be integrated into CoreVest.

Finance 357
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How fix’n’flip loans could help expand housing inventory

Housing Wire

The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

Inventory 324
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Biden’s plan to fix housing supply depends on Congress

Housing Wire

One measure would expand existing federal subsidies for multifamily housing development. Another would hand out federal tax credits for developing or rehabbing homes for owner-occupants instead of large investors, making available 125,000 homes for low- and middle-income homebuyers.