Archive | April, 2009

Sell Subject-To For Full Market Value

Over the course of the last few years, I’ve been selling off my residential properties to focus on commercial investing. Luckily, most of the 1, 2 and 3 unit properties I had were sold prior to the “mortgage meltdown” that happened last year. I had one duplex left over. One duplex that had lost about [...]

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Can You Afford to Own More Than 4 Rentals?

So, last year when Fannie and Freddie freaked out and imposed all the crazy new rules for conventional loans, the biggest slam to us investors was the “maximum of 4 properties financed” rule. Basically it said that the max number of properties we were allowed to have financed using conventional loans was 4 – and [...]

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Crittenden National Conference

If you’re looking for funding for a real estate project, Crittendon may be a good move for you.  The Crittenden National Conference is a three day event for Real Estate professionals. The Conference includes: * 6 Hours of educational sessions run by the industries leading professionals * 2 networking social events * A networking luncheon [...]

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Bank of America – No Refi For You!

Just heard that Bank of America is no longer doing refinances for investors.  I haven’t had time to investigate but I got the scoop from a very reliable source. So, if you’re planning to or have a refinance in with BofA, you may want to move to plan B. More details as they become available…

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Details of the Obama Loan Modification Plan

Here’s the official summary of the Obama Loan Modification plan. Also known as the Homeowner Affordability and Stability Plan. As usual, NO relief for investors or as they put it, “no aid for speculators”, but it’s something to be aware of if you’re investing in foreclosures, doing loan modifications or if your primary residence is [...]

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