All Forum Posts by: Stephen Rinaldi

I'm predicting here, and maybe I'm a victim of the moment, but I'm not seeing solution for 2 items in our country.  Housing affordability for first time buyers/middle income earners and supply of housing.  Im sure there are areas that this doesnt apply to but generally speaking I dont see any solution for these issues on the horizon.

Considering this issue, and the flexibility that Fannie Mae has released about a month ago making 2-4 units, financed by a 5% down on a primary residence, Im thinking that the most valuable piece of real estate will be 3-4 unit. Triplexes and Quadplexes were basically investor only for the last 2-3 years, because of FHA self sufficiency test caused so many issues, now that these homes can be marketed to 5% down client conventionally its basically 5x their market... Much of the public IMO has not caught on, but as it becomes common knowledge that 5% down conventional works on 2-4 units, expect a bump in competition and subsequently value.

Yes of course..  Bank is the key.. Im in PA/NJ/FL/MD/DE... if one of those apply, LMK  

Hello all, just wanted to take the time to share some products of value for the house hackers and share some market changing info:

As of yesterday, Fannie Mae has changed the down payment requirement for primary residences to 5% on up to 4 units. This helps circumvent the self sufficiency test on FHA and make 3-4 units more attainable and more valueable. This also changes the down payment requirement on Homestyle Reno loans too which may really have an impact on options

We recently instituted a 5-1 ARM on FHA/VA which allow for the intial rate to be used for qualification. this allows for more borrowing power and/or a possible difference maker for tight FHA loans.

IMO as a current investor I believe the value of 3-4 units will jump due to these new events, as they can be bought by a wider spread of people in conjuction with many are looking for ways to tackle the industries great issue...Housing affordability,  If you believe that housing affordability is going to be an issue going forward I think 3-4 unit properties are going to be a good bet going forward.

PA NJ FL MD and DE

Rates are in the mOd 7's currently

 thats what I think is the next shoe to drop..  I also think person credit card debt causing forced sells is another situation to watch. By the end of the year that could be coming to a head

I dont see it that way.  the premise is from my positioning of an owners of multiple properties, 3 businesses and 21 years in the mortgage industry.  Im a part of 200+ transaction per year..

I dont know Mike, questionable logic here..  I actually made two great connection related to this post, and my hope would be that we will create win/win situations due to speaking up on what Im seeing in the market. Perhaps we just see things through a different lense due the differce in our positioning.  Im both a business owner and investor, so I see the whole field.  

I wish you the best in your endeavors.

 I think forced sales due financial issues looming will not be enough to move the needle.  Although I think that may be the story of 2024.  Not having the answer to that question is actually why I feel so strong about appreciation.  US tabled building for nearly 20yrs, incentivizing building at for median income buyers is the only short term solution for inventory, and I dont hear alot about that in my market.  Values are NOT  dropping until inventory issues are solved