Big Changes For Real Estate Investors. ✅ https://www.greatcreditfast.com ✅
GreatCreditFast is America’s #1 investor based credit repair company! Whether you have bad credit, late payments, identity theft, bankruptcy, medical bills or more impacting your credit score, we can help. Simply call us now (561) 430-5900 or schedule a free consultation.
???????????? ThisisJohnWilliams Show (second channel)????????????
https://www.youtube.com/c/johnwilliamsyoutube?sub_confirmation=1
✅ https://www.webuybadcreditleads.com/✅
If you are in an industry in which you are qualifying buyers for financing and constantly come across bad credit customers this solution is for you! You could earn thousands of dollars per month by partnering up with us and allowing us to assist your clients. Not only will your clients be in great hands but we will turn them back to you once their credit is fixed and they are better prepared to buy!
Sources:
1. https://singlefamily.fanniemae.com/news-events/announcement-sel-2023-01-selling-guide-updates
2. https://singlefamily.fanniemae.com/media/33341/display
3. https://realtynewsreport.com/nations-residential-rents-fall/
This will now push unwanted risk on real estate investors as now real estate speculators, house flippers and Brrr Strategy investors will be unable to buy real estate and refinance after six months in a Freddie Mac or Fannie Mae loan. These two holders control 50% of the entire trillion real estate market.
Now real estate investors will have to hold onto properties for a minimum of twelve months to be able to refinance these properties. This will add more risk in a real estate deal in an environment where interest rates are rising, vacancies are rising, rents are falling, property taxes are rising and so are insurance costs.
We are seeing much risk being added to the economy which will have a tremendous impact on real estate investors in the coming twelve to twenty four months. Many investors are anticipating a real estate crash, housing crash and economic trouble ahead.
There are more people today who anticipate a real estate crash than we’ve seen in many years. As the costs of housing increases and renting decreases we will see more and more people opt to rent than to take on unnecessary risk.
#housing #recession #houseflipper
Video Rating: / 5
Fannie Mae is changing the game for house flippers and real estate speculators, this new guideline takes place April 1st – No more refinancing allowed 6 months after purchase.
If the banks are closing, we do not need credit anymore! I am still getting these duplexes or triple few for 2023!
Great video, I appreciate you sharing this information with us. It's alarming to hear about the changes that Fannie Mae and Freddie Mac are making to their eligibility policy for cash-out refinance transactions. Waiting for a year instead of six months to refinance is a big deal and will affect a lot of investors who rely on this strategy to flip houses. Your point about having good credit is crucial, and it's essential to work on it as soon as possible. Thanks for the helpful tips
John, we used to be able to treat a seasoned (12 month or older) contract for deed as a limited cash out transaction with the new refi loan based on the appraised value. This is huge for investors. Has Fannie changed the requirement for this?
Previously, Fannie did allow a cash out refi at 6 mo, however, it was based on the lesser of acquisition or appraised value. It seems reasonable to move the goal line back to 12 month to do cash out based on FMV. Fannie hasn't exactly done well in declining markets. Oh, buying a 2-4 unit to live in is outstanding advice. Thanks for your insight!!!
Real Estate Law is changing more on these few years then in the previous 30 years. So is the entire American society and culture, not all for the better either.
Thanks bud for keepin us financially Educated!
Regardless of how bad it gets on the economy
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy ????.I have been earning $15,200 returns from my $7000 investment every 14days
Flip stuff like baseball cards or anything EXCEPT what people have to LIVE in!!
Flippers: welcome to the real world!
These investors should have to take same risks as us poorer people who can barely pay a mortgage. Long overdue!
Real Estate has always been just one big scam!
Although the companies in my portfolio are solid, last year was a loss. In my first year of investing, I experienced a 35% decline in the March/April sell-off and a further 17% decline in the most recent sell-off. I earn my money via hard work, thus investing makes me anxious and depressed. I'm uncertain if I should sell everything and wait.
Is everyone here communist? If everybody buys the homes to rent them out, who is going to be able to buy a home to own it? Are investors pushing to have the US like China where everybody rents?
I don't know what's going on any more, I thought RE was going to go down so we finally could buy after our wildfire loss. Housing and rents are still going up here, so now we are further behind than ever.
Looking back on what we could have bought, and 10% rental increases are very depressing.
Thanks John! Your channel has helped me out immensely!
In six months There Will Be Blood on the streets of America this country is bankrupt finished
How can I get more profitable investment in the market? Is this pump shorts getting wracked and liquidated, or any indication of whale, corporate treasury buy's?
I disagree John. Have people forgotten about "You Will Own Nothing and Be Happy," the 2030 Agenda and beyond. Property taxes have jumped for everyone across all states; property owners will be priced out of their homes. 2nd way property will be lost will be through the New Green Climate Bill. Houses will have to be retrofitted to meet these new outrages regulations that they will put into place. They are pushing the Agenda; it isn't stopping. Government will own everything and everybody will be in a smart city enslaved to eating bugs and living in prison cell apartment.
Thank you very much for all of the information ❤