[quote=patientrenter][quote=garysears]…
I want to pay the prices the flippers are paying but I can’t due to unlevel playing field and preference for cash deals over financed deals.[/quote]
Garysears, I agree with everything you said. You made another excellent post. I would only move the emphasis a little bit to say that the FHA standards are ridiculously loose, and the resulting excess money being paid under FHA loans is a big part of the problem, and one that should be fixed by implementing a minimum 20% downpayment for FHA loans.[/quote]
So you’re basically saying we shouldn’t have FHA at all. If you have 20% down, why would you consider FHA when you can go conventional for much cheaper?
