May
22

Important: New financial guidelines for investors

Posted In: For Buyers, Investing, Mortgage & Finance
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Freddie Mac Cuts Maximum Number of Financed Properties Freddie Mac recently announced guideline changes that will greatly affect residential real estate investors. Beginning August 1st, 2008 the following changes will go into effect: A borrower may not have more than four financed 1-4 unit properties, including the subject property. For cash out refinances the borrower must own the property for [...]
May
22

Hawaii Real Estate

Posted In: Investing, Places
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So I am back from my extended vacation. Spent some time in Maui and Kauai. While I was there my husband and I poked around at real estate, of course. We were suprised to discover that much of the land is still purchased using a land lease. What is a land lease? Wikipedia says that a land lease is a [...]