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Housing Assistance Programs To Boost House Flipping

by blogger1
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on Thursday, 27 March 2014
BestTransactionFunding
Check out these housing assistance programs that could help real estate investors flip more houses, fast…

Some pose that the home buyer pool is going to shrink after so many rushed to scoop up bargains and beat rising rates at the end of 2013. Others still warn that tight mortgage underwriting and cautious lenders are making it tough for buyers to get home loans.

The latest data from the conservative S&P Case – Shiller index actually shows home prices bouncing up by over 13% as of early 2014, with top home builders reporting multi-billion dollar gains in the first quarter.

Still, for the pessimists, and to help scale current volume it’s always wise for real estate investors to look for new tools to grow business.

Leveraging BestTransactionFunding.com wholesalers can scoop up and finance virtually as many homes as they like. The key in turning those properties into cash and profits of course is being able to resell them. Thanks to the resurgence of housing assistance programs this could become a lot easier.

Recent headlines show a rebound in down payment assistance programs on a local government level. San Francisco just announced it will bump up its program to offer $200k to home buyers. San Diego, CA and Chattanooga, TN also offer tens of thousands in grants and low interest loans to help with down payments and attract new talent.

Additional government programs even help cover closing costs and provide new homeowners with extra tax breaks. In San Diego buyers can get up to $15k or 4% of the purchase price in aid.
One of the least known forms of these programs actually includes rehab funds to help homeowners and buyers fix up their properties. How much easier could that make it for property wholesalers?

Many of these programs are marketed as being for ‘first time home buyers’, however, many are available for those making over $100k per year, and consider ‘first time’ to be someone that hasn’t owned a home in the last 3 years – opening up qualified prospects even further.

Even educating the public on these programs via your real estate website and blog could be a major web traffic and lead generator.

So learn your local programs and take business to the next level…
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