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12 April 2017 | 9 replies
Take advantage of the first look period (Freddie Mac has a parallel program as well).Outside of that, there are a bunch of subscription services...if you are looking for an early jump, Zillow has moderately accurate pre-foreclosure data...I would ultimately recommend ListSource, but it's pricey (my minimum commitment is $1,800/yr)...or try ZBuyer.
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20 April 2021 | 2 replies
Commercial loan is a little more expensive in terms of rates and points as it will NOT be sold to Fannie Mae/Freddic Mac as residential loan will do ultimately.
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29 August 2013 | 3 replies
It's a Wells Fargo loan and I was told last year that I couldn't do the Harp style refi because it was with Freddie Mac and I had too many loans.I recently received a letter from them saying they would refi it to 4.875% on a ten or 15 year, or 5.75% on a 30 year.
7 November 2019 | 3 replies
In addition to @Scott Mac's input, you could advertise it as storage (with a lease that spells out the don'ts) or look for ways to subdivide it in to smaller "storage only" spaces.Hope this helps,
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12 September 2017 | 6 replies
That is a hard Fannie Mae/Freddie Mac rule.
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13 September 2021 | 2 replies
I would otherwise qualify because i recently got married and am looking for a larger property.Refinancing to a conventional loan requires 15% equity plus costs.And the Freddy Mac Homepossible changed at the beginning of the year to require 15% down for a 2-4 unit.Am I missing something?
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14 August 2020 | 4 replies
And while we aren't there we had a pretty big announcement today after Fannie Mae and Freddie Mac announced a new 50bps loan pricing adjustment on all refinance loans purchased on or after September 1st – so basically, nearly every loan that is being refinanced by them.The move, obviously meant to "help" our struggling, coronavirus-weakened economy, comes at the directive of the FHFA and is meant to curb the “higher risk and costs” associated with refinance mortgages (yeah, right).
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15 July 2023 | 83 replies
Quote from @Scott Mac: Well, if you decide you want to believe this stuff, you could always by in Denver, or along the Arizona Bay.
15 December 2023 | 77 replies
Quote from @Scott Mac: Quote from @Raul Sai P: Some background - Around 5-6 years ago, I was getting decent tenants for the most part and a pretty good PM company to manage the rentals in MO state.
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15 July 2021 | 204 replies
Originally posted by @Scott Mac:@Michael EalyHi Michael,I know of guy who did pretty well for himself with Hotels--ended up winning the vote for the Presidency.I have a feeling you're on your way to some big dollars with this effort.How did you (meet) line up investors that were interested in Hotels (or did you educate them on it)?