The Kestner Team

Our colleague, Mario Genovese, at Coldwell Banker Mortgage reminded us today of one of the latest changes in the mortgage industry.  Now, under Fannie Maye guidelines, when purchasing or refinancing a second home or investment property; the total number of financed properties is now limited to four (including primary residence). Previously, an investor was allowed to finance up to 10 properties. 

However, ownership in commercial or multifamily (more than 4 dwelling units) real estate or property that is held in the name of a corporation (even if the borrower is the owner of the corporation) is NOT included in the four financed property limitation.

So, not only is it time to think about incorporating your real estate investment business.  It's a great reason to check out some of the multi-family properties that we ahve for sale.  There are many great opportunities to own a 4+ unit property in the Middle Tennessee area. 

Take a look at our Investment Properties webpage, or contact us if you are interested in finding the perfect multi-family property.