Real estate blog entries tagged with loan by Bradenton, Sarasota, Real Estate ~ The Serena Group, Selling Real Life Dreams in Paradise! (Bradenton-Homes, Experts

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loan: Homestyle Renovation Loans for Real Estate, Investors, Investments - 04/19/12 04:47 AM

Using a Fannie Mae HomeStyle® Renovation loan is an attractive financing option for investors because it allows an investor to leverage available capital to purchase multiple investments, if they so choose.
Previous to the availability of this type of renovation loan to investors, an investor might buy a home for $100,000 and spend $35,000 to renovate and repair the property in order to bring it to ‘rentable condition’ and the investor has used up $135,000 of his available assets. With the Fannie Mae HomeStyle® Renovation loan, an investor can now purchase, essentially, any home, condominium, villa, or townhome, in any condition, and retain … (2 comments)

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