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4plexowner
Participant“I’m pretty sure that investors would not buy them”
when the time comes (we aren’t even close) investors will be buying them with cash – cash buyers get BIG discounts or they don’t buy – they’ll pay 30 or 40 cents on the dollar from peak prices would be my guess
Participant“I’m pretty sure that investors would not buy them”
when the time comes (we aren’t even close) investors will be buying them with cash – cash buyers get BIG discounts or they don’t buy – they’ll pay 30 or 40 cents on the dollar from peak prices would be my guess
Participant“I’m pretty sure that investors would not buy them”
when the time comes (we aren’t even close) investors will be buying them with cash – cash buyers get BIG discounts or they don’t buy – they’ll pay 30 or 40 cents on the dollar from peak prices would be my guess
Participant“I’m pretty sure that investors would not buy them”
when the time comes (we aren’t even close) investors will be buying them with cash – cash buyers get BIG discounts or they don’t buy – they’ll pay 30 or 40 cents on the dollar from peak prices would be my guess
Participantlenders continue to dis-favor loans on condos even for owner-occupied units
Fannie recently changed the rule on the number of units that any one owner can have in a given complex
the rule, as I understand it, applies to 10 units and less – a few months ago a single owner could have no more than 49% of the units and now can have no more than 10% of the units (ie, could own 4 units before the change and can only own 1 now)
look at how that affects the other owners in the complex – if any single owner has more than one unit, NOBODY in the complex is eligible for Fannie loans
I believe the dis-favoring of condo loans is a trend and something that all condo buyers should consider – the value of condos decreases as loans become harder / more expensive to obtain
Participantlenders continue to dis-favor loans on condos even for owner-occupied units
Fannie recently changed the rule on the number of units that any one owner can have in a given complex
the rule, as I understand it, applies to 10 units and less – a few months ago a single owner could have no more than 49% of the units and now can have no more than 10% of the units (ie, could own 4 units before the change and can only own 1 now)
look at how that affects the other owners in the complex – if any single owner has more than one unit, NOBODY in the complex is eligible for Fannie loans
I believe the dis-favoring of condo loans is a trend and something that all condo buyers should consider – the value of condos decreases as loans become harder / more expensive to obtain
Participantlenders continue to dis-favor loans on condos even for owner-occupied units
Fannie recently changed the rule on the number of units that any one owner can have in a given complex
the rule, as I understand it, applies to 10 units and less – a few months ago a single owner could have no more than 49% of the units and now can have no more than 10% of the units (ie, could own 4 units before the change and can only own 1 now)
look at how that affects the other owners in the complex – if any single owner has more than one unit, NOBODY in the complex is eligible for Fannie loans
I believe the dis-favoring of condo loans is a trend and something that all condo buyers should consider – the value of condos decreases as loans become harder / more expensive to obtain
Participantlenders continue to dis-favor loans on condos even for owner-occupied units
Fannie recently changed the rule on the number of units that any one owner can have in a given complex
the rule, as I understand it, applies to 10 units and less – a few months ago a single owner could have no more than 49% of the units and now can have no more than 10% of the units (ie, could own 4 units before the change and can only own 1 now)
look at how that affects the other owners in the complex – if any single owner has more than one unit, NOBODY in the complex is eligible for Fannie loans
I believe the dis-favoring of condo loans is a trend and something that all condo buyers should consider – the value of condos decreases as loans become harder / more expensive to obtain
Participantlenders continue to dis-favor loans on condos even for owner-occupied units
Fannie recently changed the rule on the number of units that any one owner can have in a given complex
the rule, as I understand it, applies to 10 units and less – a few months ago a single owner could have no more than 49% of the units and now can have no more than 10% of the units (ie, could own 4 units before the change and can only own 1 now)
look at how that affects the other owners in the complex – if any single owner has more than one unit, NOBODY in the complex is eligible for Fannie loans
I believe the dis-favoring of condo loans is a trend and something that all condo buyers should consider – the value of condos decreases as loans become harder / more expensive to obtain
Participantit’s a condo in a river bed with an underfunded HOA – not a place where I would sink (pun intended) my money – but that’s just me
Participantit’s a condo in a river bed with an underfunded HOA – not a place where I would sink (pun intended) my money – but that’s just me
Participantit’s a condo in a river bed with an underfunded HOA – not a place where I would sink (pun intended) my money – but that’s just me
Participantit’s a condo in a river bed with an underfunded HOA – not a place where I would sink (pun intended) my money – but that’s just me
Participantit’s a condo in a river bed with an underfunded HOA – not a place where I would sink (pun intended) my money – but that’s just me
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