Florida Property
I was reading a post earlier today, that of course i cannot find now. Someone mentioned Florida properties for sale there cheap, like 30-50k for a two bedroom home. I scoured the internet also an...
Forum Discussion
helperzack wrote:
If looking to invest with Fannie Mae or Freddie Mac, do you need to have all cash? Or if one has excellent credit can you line up financing with say 50% down?
Im am pretty sure Fannie and Freddie you can finance, but I think it has to be owner occupied for maybe two to three years. Not sure. Maybe someone else knows better since we don't finance anything. I think I remember seeing the two to three year rule on the title papers on our current residence, which was through one of those two ( fnma or fmac). It was a non issue at the time since we knew we were retiring in 2015, and we bought this one in 2011. Sorry, wish I could help more.
