Positive News for Mortgage Rates
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,...
How Many Properties Can an Investor Finance?
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...
How to Make an Extra $1000 in Cash Flow Per Month
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...
How Many Loans Can an Investor Have? Answer May Surprise You
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...