Regarding Fannie/Freddie going back to 10 and requiring two years worth of returns on existing properties I’m told by a very, very reliable source that there is a work-around to this problem. Apparently Fannie rules stipulate that if you haven’t owned two years you can show leases that have been in effect “more than a couple months.”
Any mortgage people want to dig further in to this? Back it up? Argue it’s wrong?
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On the flip side of going back to 10 it appears that there is still another hurdle for today’s real estate investor to hurdle.
BBQ Capital | Kansas City Real Estate Investing 