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26 March 2015 | 3 replies
I hate to say, as an experienced real estate broker, that I have not had a buyer do inspections on a FNMA house, during the winter, before.
Now I have an investor buyer under contract on a HomePath house afte...
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26 December 2006 | 6 replies
somtimes you can assign the contract to the rehabber for a fee or when dealing with fannie mae, hud, or banks you have to do a double closing and hope you rehabber doesn' back out. its best to join a REI club and make contacts with people that have cash ready and and close in days not months and get multiple back up offers.
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25 February 2020 | 15 replies
@Ethan Edwards some basic information here in case it is helpful to you:In the lending world there are basically 2 types of loans for these properties - "Conforming" loans or "Portfolio" Loans.A "Conforming" loan is a loan governed by Fannie Mae and Freddie Mac (if you recognize those names).
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24 July 2019 | 13 replies
Fannie Mae is the biggest lender when it comes to rental property.
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4 March 2018 | 12 replies
Fannie Mae allows up to 10 mortgages.
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16 January 2018 | 4 replies
@Kristen RayYour scenario doesn't fit for a Fannie Mae/Freddie type loan.
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1 December 2022 | 25 replies
If you are trying to get cheap government backed loans, then You'll need to deal with a Government Sponsored Entity (Fannie Mae, Freddie Mac, ... or FHA).
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14 August 2011 | 18 replies
A very direct one is the quasi government organizations like Fannie Mae and Freddie Mac.
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18 October 2020 | 9 replies
We also have our sights set on a second - a Fannie Mae foreclosure on which we can put an offer in in 16 more days - this is one we would run as an Airbnb (a BRRRRnb if you will, clever credit to Shelby Osborne).We're three months into our entrepreneurial journey and I'm starting to develop the checklists and systems that we'll rely upon to scale our business quickly and create true wealth.
18 September 2019 | 58 replies
@Ray Johnson Like many, you are confusing this Fixed Rate, early pay off, NO PMI better tax write off savings, lower fixed EPR (effective payment rate), Ferrari of loans with the No Doc / Interest Only loans (which WERE AWESOME financing tools in the right hands).An 80/15/5 is a Fannie Mae Fixed Rate 1st mtg, with a Fixed Rate simo 2nd mtg.If a borrower only has 5% down, good credit, the 80/15/5 is a No Brainer!