Day: March 10, 2013
Freddie Mac & Fannie Mae Joining Forces
Freddie Mac and Fannie Mae are teaming up to form a new company that will focus on securitizing home loans. This is part of an effort to reduce the role that the government plays in the overall mortgage market. Together, Freddie and Fannie finance 2/3 of all new home loans in the US. According to… Continue Reading
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Countdown To Profits: Property Launch Just A Few Weeks Away
I’m back at the house on Bailey Road in Cuyahoga Falls, OH that we purchased for $31,000. It was a Fannie Mae bank-owned foreclosure, and I bought it using none of my own cash or credit. The house needed a lot of work, but much of it just cosmetic. Our rehab budget was $22,000, and… Continue Reading
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