Attend March event

Attend this event

What’s in that MRIS print-out anyway?

Are there code words? Does your Realtor even know what they mean?

At our February meeting, we’re going to take-apart a few of those print-outs to look for signs that there might be a good deal hiding in excessive text.

On Friday, January 15, 2010, HUD Secretary Shaun Donovan announced a measure intended to “bring stability to home values and accelerate sale of vacant properties.”
The temporary new policy will expand access to FHA mortgage insurance is meant to allow for the quick resale of foreclosed properties.
Effective February 1, 2010, FHA, while maintaining what the release [...]

REIS kicked off it’s 2010 Investor series with a bang!  There was a great turn out for Chris Majerle’s presentation on to effectively inspect a property.  The presentation was followed, as always, by our Investor Member Exchanges.  This exchange fostered the discussion of a multitude of current issues facing real estate investors.  We hit on [...]

Attend January Event

On December 16th the members of REIS met at a new location, Vicino’s Restaurante Italino. Our discussion centered around “Identifying and Researching the Right Properties”. We had a tremendously informative and dynamic panel of some of the best realtors in our market place. Ellie Hitt with Long and Foster and Dorothy Heymann and Charlie Matthews of Heymann Realty, LLC discussed an array of issues related to researching and identifying properties with the members and guests.

Over the years, the term “flipping a property” has developed several different interpretations by the real estate investment community.  Believe it or not, it is not illegal to flip a property.  What is illegal, is the fraud which is usually associated with this type of transaction.
First, we should define various types of “flipping”.
Flipping the Property: [...]

When purchasing properties in the current economic environment, you need to be aware of certain governmental and financial institution regulations regarding the resale of the property. We all know that lenders have used “seasoning requirements” for several years to weed out the fraudulent “flip” transaction. However, there are rules you must be aware of if purchasing an REO property from FannieMae and/or selling to a purchaser who intends to obtain FHA financing.

Jury awards $2 million — are you in compliance with Maryland’s Lead Law?
Read About It

Maryland passes sweeping changes to condominium law, particularly in the area of insurance.  Owners of condominiums in Maryland should immediately contact their management and their insurance carriers to be sure they have the proper insurance and that there is no duplication of coverage.
The law now REQUIRES condominium master policies to cover the reconstruction of the [...]