OfflineFannie Mae, a major investor in mortgages whose guidelines are widely followed, has increased the number of financed properties it allows investors to carry, from four to 10.
The change took effect in March, ending the four-property limit imposed in September.
This report was given in "Florida Today" newspaper May 24th.
This is great for investors. You can now own more than 10 properties on most conventional mortgages. This will open up HUGE opportunities for investors.
Not all mortgage companies will adopt this at first but look for those that can do this now. Finding financing on those properties will become easier now.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Hello... I'm a brand new investor looking for a little help getting started. I'm in rockland County, New York. I've read Dean's two most recent books and am dying to get going. I have no money but all the time in the world to invest in this. Is there anybody out there willing to help me or let me help them find properties and make money? Let me know, ok? I'm at (NO EMAIL ADDRESSES OR PHONE NUMBERS ALLOWED IN FORUMS/COMMENTS) or right here on this site... Thanks for your time. Keith
Keith
This is great, great, I mean great, (did I already say great?) news. Thanks for posting this information. As I shopped around at area banks, the banks were not loaning and I heard the 10 to 4 rule. This news is perfect for a Friday and makes for a bright, sunny weekend. Thanks again and lets go finance more great deals! Believe and Achieve!
Indiana-Joe
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