Dear fellow real estate investors,
You may have heard that Fannie Mae and Freddie Mac are planning to lift the ban on the number of financed properties one can have and remain eligible for investor financing. This is excellent news for those of use with investment property who would love to be able to take advantage of the current selection of affordably priced homes! The other benefit is to communities that are suffering due to foreclosures that continue to sit on the market awaiting a buyer.
We know that many investors could be considered the best mortgage risk. Those with good track records and excellent credit can afford to purchase these distressed properties AND invest the money needed to improve them. Not many first time home buyers can afford to purchase a fixer upper AND shell out the thousands of dollars often required for simple paint and carpet.
If you are considering investing in real estate, now is the time to buy! Feel free to call me for the latest "best buys" on the market.
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