Joe's Blog

Presenting a prime opportunity to get in on the ground floor development of one of the most bustling areas of Indiana! This site located in Crown Point is on a prime corner just north of the I65 & 231 corridor. With 5.26 acres and plenty of supporting commerce and residential presence, this locat...

New Fannie Mae Loan LimitsThe Economic Stimulus Act of 2008, signed into law on February 13, 2008, establishes temporary increases to Fannie Mae's conventional loan limits for first lien mortgage loans in high-cost areas.  These new loan limits can help people refinance or purchase property with ...

Only $162,500! Seller pays for your closing costs with 3% concession to you! This fully rented duplex is a great money making income with a positive cash flow of 28% in the first year!  Rents are guaranteed for one full year!  There is also a full year home warranty included!  On site property ma...

Full Doc Loans (Less Stringent Guidelines)In the past, mortgage brokers seldom recommended "Full Doc" loans for self employed borrowers because the difference in rate was minimal and stated loans were much easier to underwrite and close for these clients.  As lenders eliminate or reduce the avail...

Stated Income (Non Owner Occupied)In the past 30 days two more major lenders have eliminated stated income programs for investment properties all together.  Although there are still sources for stated loans, they are becoming increasingly difficult to find and even more difficult to close.  Lende...

Today is the last day to get on the Do Not Call list.  Here is the link if you haven't done so already and want to.  https://www.donotcall.gov/ 

Things every investor should be aware of when financing investment properties   As lending guidelines continue to become more stringent, real estate investors are facing new challenges everyday. It's now more important than ever to team up with a professional mortgage consultant that has an in de...

Things every investor should be aware of when financing investment properties   As lending guidelines continue to become more stringent, real estate investors are facing new challenges everyday. It's now more important than ever to team up with a professional mortgage consultant that has an in de...

For those of you have have been following the court case against Nehemiah (the downpayment assistance organization) and HUD, I just received this letter from the president of Nehemiah  "We are thrilled with the Court's decision to support low-to-moderate income families across the country by ruli...

In my opinion... The light at the end of the tunnel is the market becoming aware of all the bargains out there.  I foresee that this will be a great correction for many because the market has suffered so much that the swing to the other-side will be greater.  When the buyers flood the areas that ...