I have seen Fannie Mae and Freddie Mac dumping their investment properties lately. This is incredible since Austin Texas Rents are at an all time high! Rents are higher than they have ever been yet, Fannie Mae and Freddie Mac are dumping properties at 70 cents, 60 cents and even as low as 50 cents on the dollar.
This makes no sense....but I suggest you grab them while the grabbing is good. Duplexes and Fourplexes are valued by investors by their rents. So if a fourplex has rents of $2,800 a month the value of that property in good condition is about $280,000 or 100 times the monthly rent. We found two fourplexes for sale for $105,000.
Our clients are taking advantage of this and so should you!
Comments(2)