Hot Tip: Silver Linings For First-time Buyers

Wannabe homeowners who are self-employed or have had their current job fewer than three years may feel like they're shut out of investment and homeowneship because of the new tighter lending restrictions.

Not so. I was sitting around with Troy Funk of CutNDeals.com, a Scottsdale-based wholesaler. He has been seeing a lot of first-time buyers come in with their agents and strike good deals.

“They can paint and carpet, live in there for two years, roll over – it’s tax-free because it’s a personal residence – and move up," Funk said.

Most first-time buyers have no idea wholesalers exist or what they do. If you want to get a great deal for a house that needs some TLC and do a two-year fix and flip, now is a great time to strike a deal with a wholesaler.

<< My Home | TheMoneyBlogs Home

• Market Wrap Links For Week Ending 7/25:
• Prudential, Keller Williams Agents Get Top Ratings
• What Is Washington Smoking?
• Pre-market Open News & Links For Friday
• How Housing Rescue Bill Can Help You

• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006
• September 2006
• August 2006
• July 2006

• Millionaire Now!
• The 7 Steps to Millionaire Now!
• Build Your Financial Plan
• RETIRE RICH: Survival Guide
• ASSET ALLOCATION MODEL
• THE BIG ROLLOVER IS HERE
• THE END OF THE GRAND SUPERCYCLE?

• e-techblog
• SiliconValleyWatcher
• Millionaire Now! by Larry Nusbaum
• Ludwig von Mises Institute
• Credit Bloggers
• Wishing Wealth

• What Is Washington Smoking?
• Tech Companies Surprise With Strong Earnings
• Speculators Are Part Of The Market
• Pre-market Open News & Links For Friday
• Inflation Deflation Red-flation Blue-flation
• Trademarks Ain't So Hot, Either...