What has happened since my last posting? Where to start?

Let’s see…. The one thing effecting the investment market in single family homes in the last month is the fall out of the sub-prime mortgage market. Lenders have closed thier doors! Others hanging in there have severly tightened their underwriting policies. Investors are screaming for tighter controls and accusations of fraud are everwhere.

This fall out is also effecting loans that are not in the sub-prime market. Underwriting of all loans is becoming tighter which is effecting the entire market. With the housing market not rebounding as economists predicted earlier, and the changes in lending which are here now and are comming, it will be harder to get money, especially 100% financing, but there will be more to choose from.

My suggestion for the investor looking to be successful in the comming year or two would be to bolster your credit in any way you can. Be careful not to damage your credit with your investing strategies and to use your investments wisely to make your credit stronger. I know that this is sometimes difficult to do. So make sure to find your money people who are concerned about your credit as well. Have them assist you in finding you money as well as keeping you credit strong.

There are many many ways to strengthen your credit position but you have to be very involved in this process and continually monitor what is happening and what could happen as you proceede in your investing.

More and more, partners in the credit an cash side of your acquisitions will be needed by some investors. Go out and find these people. Keep them close and make sure they are happy to be investing with you.

Let me know what you are seeing and send me some personal examples of how this situation is effecting you.