Tag Archives: Property/Assets/Rights

Loan Program For Investors With More Than 4 Properties Financed

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“In 2009, Fannie Mae rolled back a mortgage rule that prevented real estate investors from financing more than 4 properties at once. At the time, investors were limited to 4 properties financed, which included their primary residence.  Today, the maximum number of allowable, simultaneously financed properties is 10. You wouldn’t know it, though — few banks actually offer the program.  This article describes how to get a mortgage if you have 5-to-10 homes in your portfolio.  So, why don’t all banks participate in the 5-10 Properties Financed program? The probable answer is that underwriting a 5-property-owning investor’s mortgage application can be very hard work.”

http://themortgagereports.com/7395/the-5-10-properties-program-is-for-investors-with-more-than-4-properties-financed

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Looking to play the rental market? Blackstone wants you

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“After investing close to $7 billion in rental properties through its Invitation Homes unit, Blackstone is offering cash to smaller investors wanting to get into the game. The firm is in the closing process on the first deals.  Blackstone is originating loans of $500,000 to $50 million to small and midsize investors buying a minimum of five single-family rental properties. Each home must be worth at least $50,000, and Blackstone will do a lot of homework, using local appraisers to determine if the property’s cash flow covers the debt service.  Though large investors have poured $14 billion-plus into the single-family rental market recently, they represent only about 2 percent of property owners.”

http://www.cnbc.com/id/101276543

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Housing in U.S. Cools as Rate Rise Hits Sales: Mortgages

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“After a roller-coaster decade of boom-bust-boom, the U.S. housing market is going downhill just when many economists thought annual sales would be heading up.  Sales of previously owned properties in March tumbled 7.5 percent from a year earlier to the slowest pace in 20 months, while purchases of new houses sank 14.5 percent from February, according to reports this week. Mortgage applications to buy homes plunged 19 percent from a year earlier, indicating slowing demand during what is typically the busiest season for deals.  Mortgage interest rates are rising from record lows as the central bank withdraws its stimulus, and investors are now retreating.”

https://www.bloomberg.com/news/2014-04-25/housing-in-u-s-cools-as-rate-rise-hits-sales-mortgages.html

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Rent or buy a home? This map has the answer

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“Should you rent or buy a home? Depends on where you live.  To help make the decision simpler, RealtyTrac crunched the numbers and created an interactive map of the rent/buy fault lines across America.  Baltimore has the most advantageous market in the U.S. for home buyers, with a net difference of $1,160 between renting and buying. Rents there average $1,599, but the average monthly mortgage payment is just $439, based on a median sales price of $85,000.  The San Francisco Bay Area’s six counties, (Alameda, Contra Costa, San Francisco, Santa Clara and San Mateo) all were in the nation’s top 10 most expensive to rent, averaging more than $2,400 a month.”

http://www.marketwatch.com/story/rent-or-buy-this-map-has-the-answer-2014-04-18

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The Housing Recovery that Never Was Is Over

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“The current housing ‘recovery’ has been characterized by low demand, artificially low interest rates, low new home construction, low new home sales, low existing home sales, low home ownership rate, low labor participation rate and low wages. It was true six months ago and is still true today. Yet against this back drop, home prices continued to rise.  Six months later it is more apparent that the housing recovery was in price alone. The housing price gains boosted by quantitative easing (QE) and low interest rates are in jeopardy as investors are leaving the market, inventory is increasing and interest rates are rising.”

http://smaulgld.com/housing-recovery-never-was-over/

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Blackstone Establishes Single-Family Buy-to-Rent Lending Platform

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“Blackstone today announced that funds managed by Blackstone Tactical Opportunities have established B2R Finance (‘B2R’) to provide residential buy-to-rent mortgages for property investors, focused exclusively on the financing needs of single-family home investors. B2R’s products are tailored to serve investors with portfolios of five to five hundred homes nationwide.  Jas Khaira of Blackstone Tactical Opportunities said, ‘We see a great opportunity to fund small-and -medium-sized investors in the single-family space to help them expand their portfolios. We are pleased to welcome the B2R team and look forward to building this business to support the growing single-family rental market.'”

http://finance.yahoo.com/news/blackstone-establishes-single-family-buy-151100594.html

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What Is at Stake in the BLM vs. Bundy Showdown

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“We need to get beneath the surface. The real problem can be seen on the maps. The federal government exercises ownership over land that it should not own.  If the federal government auctioned off this land to the highest bidders, using the money exclusively for paying off the federal debt, the nation would be a lot better off. But the government refuses to do this.  My hope is that this showdown in Nevada will raise this question: ‘If a private owner controlled access to the land, would the Bundy family work out a deal?’ I think it would.  The BLM has lost the first round: in the media. It thought it could steal Bundy’s cattle and get away with it. The plan has backfired.”

http://www.garynorth.com/public/12340.cfm

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Rancher, armed militias win standoff with Feds; govt returns cattle

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“The tense stand-off between hundreds of protesters and police has ended in the Nevada desert, forcing the authorities to cancel the round-up of 300 animals and to return the cattle to their owner.  The standoff between rancher Cliven Bundy and the US Bureau of Land Management has lasted over a week, after hundreds of armed agents with the United States Bureau of Land Management and the FBI turned up in the Clark County to execute the court-ordered confiscation of nearly 1,000 cattle. The US government says the animals have trespassed on federal property.  This provoked a fierce backlash from anti-government groups, right-wing politicians and gun-rights activists.”

http://rt.com/usa/nevada-cattle-rachner-row-268/

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Zoning’s Racist Roots Still Bear Fruit

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“Progressivism likes to think of government as defending minorities from discrimination by private enterprise. But time and again, history has shown progressive ideas marching in lockstep with racist motives.  The cities employing racial zoning included many Southern ones: Norfolk, Atlanta, Louisville, Birmingham, and more. But they were not limited to the South: Chicago practiced a form of racial zoning, too. San Francisco and other California cities used it to keep Chinese laundries in their place.  In Richmond, a 1911 zoning ordinance made it illegal to sell a house on a majority-white block to a black person, or a house on a majority-black block to a white person.”

http://reason.com/archives/2014/04/02/zonings-racist-roots-still-bear-fruit

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33,000 Cheers for Liberty in South Africa!

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“One hundred years after the 1913 Native Land Act was passed in South Africa, the first fully tradable title deeds were released to black home owners in the Ngwathe municipality in the Free State province. Initiated in 2010, the Free Market Foundation’s (FMF) Khaya Lam (my house) project serves to convert land currently held under a complex variety of restrictive tenures and titles to unambiguous, freely tradable ownership.  Secure property rights represent one of the most important requirements for the protection of both economic freedom and civil liberties. The Ngwathe municipality prides itself on the extent to which it has implemented land transformation for black South Africans.”

http://isil.org/33000-cheers-for-liberty-in-south-africa/

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