Real Estate Investors With More Than Four Properties

Attention real estate investors with more than four properties!  I just received this from Stacey Taylor of Countrywide Home Loans in Olathe, Kansas.

Product Modification:  Maximum Number of Financed Properties for Conforming and Non-Conforming Programs

  • The effective date has been postponed. There is NO effective date at this time.  
  • A CMD Notify will be sent once the effective date is confirmed.
  • See CTM 1.4 for current guidelines on financed properties.

 

The long and the short of this is that you should have less of a hassle trying to buy another investment property if you already own 4 or more income properties.  So go to town…within reason, of course.

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