The effective date is supposed to be December 1, 2008 but you'll probably see that many of those remaining true Fannie lenders will change within the next 30 days.The changes will include:* A limit of 4 financed properties when submitting an investment loan.Fannie also clarified that it does not consider the borrower to have an ownership in a property that is held in the name of a corporation, even if the borrower is the owner of the corporation.

I'm looking to start a marketing campaign to bring in motivated sellers for wholesaling.But i only have a budget of about $500, give or take.What do you suggest I spend the $500 on, to get the most cost effective strategy.

But I think the tax effect is relevant to all.

If you plan to buy replacement property A we put the address of that property as being acquired and the wording "plus improvements" in the letter.The fair market values of the replacement property and the relinquished property must balance and the debt should be equal (according to my CPA).

A few things you'll like to know: What was the source of the water damage, is it dry,was it repaired, and was the damage properly addressed according to industry standards (S520 standard andreference guide for professional water damage restoration).

What exactly do they mean by points and what effects can that have?

When doing online marketing, at some point during your relationship building with your prospects, ask them for their mailing address (with legitimate reason in mind) and then follow up with them offline.That's what I would do.

If the deal is right, it will sell.I think having two websites is effective, one for buying and one for selling.

I also would like to address how to contact absentee owners.

What effect is THAT likely to have?