Jeannie Niles Real Estate Investment
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Good News for Investors
Investors can now obtain up to ten loans on non-owner occupied property. 12/1/08 Fannie Mae had issued a requirement of “no more than four loans” which eliminated most long term investors from the current market. Effective 2/6/09, they changed the requirement to “no more than ten loans”.
View Complete Fannie Mae Guidelines
The qualification process is more stringent, usually 70% loan to value ratio, income verification, etc. Interest rates are in the low 5’s for investment property currently.
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
