Do I Wait For the Bottom to Buy?
What are we, as real estate investors, supposed to do?
Everywhere we look, we get news that “The bottom hasn’t yet been reached” and that “Things will get worse before they get better” etc.
We cannot deny the outstanding bargains available in so many markets right at this moment. But.. shouldn’t we wait for even better bargains?
In [...]
Missing Note Forestalls Foreclosure in Florida
Here is an interesting article sent to me by Liam Gillen from Orlando. It is from the Orlando Sentinel and is written by Mitch Stacy from Associated Press with a copyright to the Orlando Sentinel.
This is again a reminder of an issue that has been discussed a lot – that many banks have lost the [...]
Citi, J.P Morgan Agree to Foreclosure Moratorium
This is all over the news today. This particular report comes from MEENA THIRUVENGADAM of the Wall Street Journal. Please see the article below.
I suspect all this wonderful stuff is for homeowners only. It will be interesting to see if there is a specific program for investment properties (my guess is no). The other point [...]
Is a 25-30% Down Payment Acceptable for New Fannie Mae Backed Loans for Investors with over 4 mortgages?
Many investors are certainly rejoicing in the fact that they can now go in and purchase some ludicrously-priced houses and get good Fannie Mae-backed loans.
However for investors with between 5 and 10 mortgages, the down-payment requirement is 25-30%. Is that acceptable?
We have all been spoiled rotten when credit was flowing like wine and even investors [...]
Fannie Mae to the Rescue! Fannie Mae to Up Limit on Multiple Mortgages to Same Investor
This is hot off the presses: directly from Fannie Mae’s website.
Apparently Fannie Mae has reconsidered the loan limit for investors. I wonder if everyone’s efforts made a difference.
Fannie Mae will allow investors to hold 5-10 mortgages and still get Fannie Mae backed loans. This apparently will start as of 3/1/2009 and will be announced on [...]
Sale of Tenant-In-Common Interests Must Comply With Securities Laws
Here is information that came from my friend Jeffrey Lerman, an attorney in San Rafael, CA. It is very relevant to sponsors considering setting up a TIC and for investors considering moving all or part of a 1031 exchange into a TIC share:
The Securities and Exchange Commission (SEC) recently issued a no-action letter taking the [...]
