by Athena Paquette | Jun 18, 2016 | Investors, Realtors
The Federal Reserve’s FOMC meeting came out as most expected: an announcement that they will not raise the Fed Funds rates. However the news also came out that most Fed Presidents feel that there will only be 1 rate hike this year, as opposed to the 3 that were...
by Athena Paquette | Jun 12, 2016 | Investors, Realtors
This was a slow economic news week. The First quarter productivity number was revised to-0.6%; yes, shrinking, not expanding, and the unit labor costs revised to 4.5%. Yes: it is costing more to produce something (employee, insurance etc. costs). This was mild news,...
by Athena Paquette | Jun 12, 2016 | Investors
Myth Buster of the Week: Investors, have you been told that Fannie Mae only allows you to finance 4 properties? This is FALSE! Investors can finance up to 10 properties with Fannie Mae financing. Most lenders only have a contract for up to 4 financed properties, but...
by Athena Paquette | Jun 4, 2016 | Investors, Realtors
Client converts one investment property with $1000 in cash flow to one with $2000 in cash flow. Mr. Investor bought a duplex 5 years ago for $280,000 and now it’s worth $550,000. His rents are $2800 per month. He was clearing $1000 per month, however his...
by Athena Paquette | Jun 4, 2016 | Investors
True or False: An investor can only have up to 4 loans and no more. FALSE! It’s true that some banks limit their loans to 4 Fannie Mae financed properties, but there is a special contact that some lenders have with Fannie Mae that allows up to 10 properties financed...
by Athena Paquette | May 29, 2016 | Investors
Another quiet week ahead of the holiday brought us surprisingly good news that made the market yawn… New home sales were reported up 16.6% in 1 month and 18% year over year. HUGE jump, and the market said “yawnnn”. The median price of homes nationally is $321,000. The...
