Investor Alert: Another Reason to Buy Real Estate

Well, even Fannie Mae is on board with helping investors pick up great deals in the real estate market today.

FNMA (conventional) announced that they will loosen up their non-owner occupied guidelines. Borrowers/investors will now be allowed to finance up to 10 properties! As a reminder, Fannie Mae had limited the total amount of financed homes to four during 2008 and the first part of 2009.

Moving from four mortgaged investment properties to up to 10 is quite a nice change for those investors out there that are chomping at the bit to get out and pick up more bank-owned and deeply discounted properties.

Nicely done Fannie Mae!

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