12.31.2008
Be optimist or pessimist the numbers do not lie. What do the numbers say about the US real estate market in the last two years? Dismal, at best. John Burns, CEO of John Burns Real Estate Consulting, always gives grades in quick glimpse -and easy to comprehend- A, B, C, D, and F like most [...]
11.27.2008
On subsequent rental property purchases lenders generally look at net rental income a little differently than you may. We only care about the cost of holding an investment property. If you own the property free and clear -we don’t care about it. If you have a mortgage against the property then we care but we [...]
11.22.2008
I am still amazed that many investors and agents do not know that Fannie Mae dropped the total number of loans on credit to four when an investor is purchasing a new property or refinancing an old one. They simply will not allow more than four properties on credit. Not smart on their part but [...]