Great News Investors, You Can Finance 10 Properties Again

Originally posted 2009-02-16 08:15:06. Republished by Blog Post Promoter

On March 1, 2009, <a href=”www.taylorbrownrealestatetalks.com”>real estate investors</a> can once again own and finance up to 10 individual properties.  There are restriction reversal, though. 

The restrictions are as follows:

You must have:

1. 720 credit score
2. 25% downpayment for a 1-unit (30% for a 2-4 unit)
3. No mortgage delinquencies in the last 12 months
4. 6 months of reserves for each investment property

Fannie Mae determine that investors can “play a key role in the housing recovery”.   The change of heart came as a result of foreclosure auctions not going as well as hope due to real estate investors not having cash were limited in the number of properties they could own. 

This decision once again allows investors the capital needed to grow their portofolio and create  wealth through their passive income with real estate investing.   Contact us at Taylor-Brown Real Estate and take a look at the real estate investment properties that have a positive cash flow.   Call  219 803 4489 or email Serena at snorbrown@yahoo.com for details.

Today’s special is 16 short sale properties all under $15K with 13 that are occupied with paying tenants.  There is a 17th property, but it is for $25K.  It, too, is occupied with a tentant paying 858 a month.  

Great News, the End to High Property Taxes Is Almost Here

Originally posted 2009-02-13 06:00:44. Republished by Blog Post Promoter

On February 10, 2009, the Indiana Senate passed an amendment for the permanent cap to property tax bills. The bill passed the Indiana Senate with an overwhelming majority of 34 to 16 vote.  The bill goes to the House for consideration, but House Speaker, Patrick Bauer, suggested that the House representatives wait until next year’s session to vote on the amendment.

With the property taxes being an important issue to the residents and the forefront of the Indiana residents’ mind it may not be wise for the House to postpone their voting on the amendment. 

This amendment will cap the property taxes for homeowners, investors, and business owners, alike.  The homeowners would be able to benefit from only paying one percent of the assessed value of the home.  Whereas, the investors would pay only two percent of the assessed value of the property.  Still yet, the business owner will pay only three percent of the property’s assessed value.

If the amendment is passed by the House, Indiana’s resident can look forward to voting on the amend law in 2010.

Hopefully, the amendment will be approved in the House, as well.  If lower property taxes is important to you contact your congressmen and tell them so.  Your voice does have power.