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Does the government have a plan to lend money for investment properties and if so how realistic is it?
By Tom | March 24, 2006
Property investor asked:
Investment properties are getting harder to refinance after the properties have been fixed. Does the government understand that when they lower the interest rate the lenders make it harder for anyone to get loans and requiring higher credit scores, higher savings, and just higher requirements to even qualify for regular loans? Not to mention how much more ridicules requirements are for investors.
Renee
Topics: investment properties | 4 Comments »
March 25th, 2006 at 8:28 pm
It’s part of the cost of doing business, isn’t it? I hope the government never gets in the business of flipping properties.
March 28th, 2006 at 4:35 am
The government needs to STAY OUT of business as much as possible. Investing is a personal choice that not no one is forced to make. Everyone needs housing, so help should be available to supply it. But the tax payers should never have to bear the burden of supplying the private sector with profit. If you are an investor and not making a profit you are simply in the wrong field, you need to get out, not stick your hand out.
March 29th, 2006 at 9:15 am
That is the cost of doing business, and if you aren’t willing to do the work required to qualify for financing, you are in the wrong business. There is no government plan that I am aware of to help investors.
March 29th, 2006 at 11:15 pm
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