Freddie Mac Considers Backing SFH Rentals

That’s horrifying. Now PE firms can take a crazy amount of risk. If the investment fails, the government is on the hook to make the bond holders whole. This is the worst case of giving PE firms all the profits but socializing the risk or losses.

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This make me wonder what is happening behind the scene.

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So if you have 20 single family rentals, now you can get a single loan for those 20 houses? That could benefit small landlords as well.

If this is true, now we can go to Tampa and buy 10 houses with 1 loan. I thought about Tampa but was afraid of 5 100k mortgages.

But on the other hand, if you have one loan for 10 Tampa houses, will the lender allow you to sell one house at a time?

It is called a blanket loan. And you could probably sell individually, but the lender may want most or even all of the proceeds from the sale.

Oh boy, here we go again!

More handouts? Darn Socialists! :stuck_out_tongue_winking_eye:

Oh, wait! I apologize, I forgot many posters here hate the government intervention…:stuck_out_tongue:

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Does this mean they’ll increase or remove the limit on how many Freddie/Fannie mortgages a person can have? You can already get a Freddie/Fannie mortgage to buy a rental.

Please increase those limits!!! :money_mouth_face:

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