Investors Can Now Own More Properties

In a stroke of genius - well, a reaction to what was a poor decision in the first place - Fannie Mae has now increased the investor loan limits from 4 properties to 10.

Limiting serious investors to 4 properties just didn't make sense - these folks don't deal with numbers like that.  We're not talking loans for weekend warriors who want to flip a house or two, or invest in a condo.  These new limits are designed for the serious investor, the ones who have excellent credit, money to put down (20% or more), and they're set up with tighter guidelines than before.  And that, in my opinion, is a good thing.

This opens up a number of opportunities here in the New River Valley, specifically in Blacksburg and Radford.  I've said it before and I'll say it again ... and again ... and again - investing in college communities makes sense.  For the past couple of years at least, Virginia Tech has announced an on-campus shortfall for residents, which means students are having to find off-campus housing.  Investors are smart to snap these up, because not only do the universities get larger, but so do the periphery of businesses that follow universities.  Where there's a university, so also there are research facilities, medical schools, design and engineering firms, and more.  Housing becomes a premium.

Before you say I'm a cheerleader for housing - which I am, but I want to be an honest cheerleader - I'm not suggesting everyone jump in the housing pool.  However, in the past two weeks I've worked with an investor, two sets of parents with kids at Virginia Tech, and one first-time buyer who have specifically targeted our market because of the university-focus.

That's proof enough.  Thanks, Fannie Mae.

Comments

[Richard Stabile Bergen County Real Estate]

I had bloged for a few months that I hoped they would make it easier for investors to buy in this market. Investors who can put a down payment and help get the inventory off the market. They will turn the properties into rental inventory.

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Oh! really? Well that was a good news. Glad I saw this post. I will show this post to my dad so that he will be convinced also. Thanks for posting this one.

-joicee-

[Alexandria VA Town Homes]

I was totally unaware of this change. Thank you for sharing this.

[Leesburg VA homes]

Very interesting. Hopefully the serious investors will ease up and take advantage of this change.

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It was long ago since I visit your blog and its mhe again, visiting and reading along..

[Poplar Bluff Real Estate]

First of all you will have to educate yourself in the business you would want to be successful in. Therefore you would need to go to your favorite book store and buy as many books about investing in real estate as you can.

[James Williams]

Hi,,
Nice place i wish to buy some property in this place i really like to spend lot of time there now i am searching for some suitable location but you must guide me about property rates and selling purchasing fair terms and conditions James Williams….
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[Buy Foreclosures,]

i think the usa is overcome from the problem of recession. And the property rates are also start increased and stable little bit. it is good time to buy a property

[Virginia Home Inspection]

This is a great post. I think that way too many times buyers only look at the monthly mortgage payment and fail to account for everything else that goes with home ownership.
Principal, interest, taxes and insurance are just the beginning. Whether your a first-time buyer or thinking about moving up, you should plan for extra costs that could add up to thousands each year. Give yourself the piece of mind and get a home inspection.

[curtis johnson]

This is a good news that investors can now have the opportunity to have more properties. Who doesn't want to have more properties? As we grow, we aspire for more things. Our demands become bigger as time goes. This is just a great reason for us to be able to have what we wanted. Thanks a lot for sharing it. More power.

[short term apartment rental New York City]

This is indeed great news for the investors out there! I agree with your opinion about this idea being amazing and all. I just thought that those limits could have been set so that other investors can have the chance to get properties. I guess that wouldn't work out, wouldn't it? Raising the limit to 10, I believe, would really help in reeling in investors!

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[MN Short Sale Help]

Very interesting! Hopefully the serious investors will ease up and take advantage of this change..
Thanks for sharing..

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[MBA in real estate]

Many of us were not aware of this..Thanks for sharing the information..And i thinks the investors will take benefit out of this..

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