According to the Florida Association of Realtors Fannie Mae has changed their guidelines and now real estate investors can own five to ten properties, instead of only one to four. The change goes into effect on March 1, for qualified homebuyers.
Investors must have good credit for at least the past 12 months.
Here is a link to the new Fannie Mae guidelines. I think it will be instrumental in allowing additional investor opportunities in buying real estate across the country.
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that for you
Sandy: In their own name. They could own a lot more buying subject-to and with entities. Thank you for the post.
Hi Sandy, I heard that also. I will follow your link to the new guidelines. Thank you!
This is great news lots of investors can now breathe a little easier.
Tony, Point well taken, in their own name. They can form separate entities in which to purchase their properties.
Hey Miss Mary, This indeed is good info for landlords.
Pete, I think that this is good news.
Justin, I think this will allow our investors in the market more opportunities.
Sandy, Great information. This should open the door up more, eh? Thanks for sharing the link.
Hi Steve, I hope this opens the door to additional investor opportunities. That would be great!