If your strategy is to buy and rent property as an investment, Fannie Mae has a few thousand homes they’d like to sell you.
Fannie Mae now allows small investors to buy as many as 20 properties — as long as 10 of them are foreclosures. Image: Fannie Mae
As Facebook’s IPO nears, it’s easy to get caught up in the notion of getting rich quick. But there’s no surer way to wealth than home ownership.
As Facebook’s IPO date nears, it’s easy to start traveling down that “what if” path:
“What if I had equity in Facebook?!? How rich would I be?”
Rent Your House for Super Bowl, But be Sure to Read Fine Print
August 26, 2011
By Andrew Scoggin, The Indianapolis Star
Aug. 26 — The offer sounds enticing: Rent out your home for the Super Bowl in February, and you could get big money — up to $10,000 a day.
It’s a quick, easy way to make some cash. At least that’s how signs posted across Indianapolis make it seem.
Reverse Mortgage Defaults Threaten Seniors
July 7, 2011
By Patricia Sabatini, Pittsburgh Post-Gazette
July 3 — Reverse mortgages, which allow older adults to convert some of the equity in their homes into cash, have been a life line for many house-rich, cash-poor seniors struggling to get by.