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Albany NY Real Estate

Buying and Selling Real Estate in Albany NY

By Kevin Clancy #1 Voted Realtor | Agent in 12203

Albany NY Real Estate Investors face another hurdle

The evaporation of 100+%  investor Loan to value mortgages and stated income loans was hard enough on local investors. Now Fannie and Freddie, as I understand it, have  reduced the number of homes an investor can finance from 10 down to 4. This is  major problem for any investor that wants to purchase multiple properties in an area to actual generate a decent passive income. It seems the lending pendulum is swinging the other way. Mortgage money that was far too easy to obtain 2 years ago is now becoming more difficult particularly for investors. Investors buying multiple units now may be limited to a solid banking relationship with a local portfolio lender just like the old days. Bottom line, investors buying multiple properties are going to have a harder time but the deals can get done when put in the hands of a capable professional. http://www.clancyrealestate.com

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