San Mateo County real estate investors, what are you waiting for? There are many, many good buys for investment today and Fannie Mae and Freddie Mac loan limits will never be higher. With housing prices dropping, and rates at consistent levels you should be looking right now! If you want to invest in housing under 4 units the loan opportunities are outstanding.
|Single Family House/Condo||$729,750|
|Duplex: 2 Family||$934,200|
|Triplex: 3 Family||$1,129,250|
|Fourplex: 4 Family||$1,403,400|
|Single Family House/Condo||$625,500|
|Duplex: 2 Family||$800,775|
|Triplex: 3 Family||$967,950|
|Fourplex: 4 Family||$1,202,905|
If you think prices will get lower in 2009 think again, for any savings you might get on the sales price will be offset by the increased loan levels for conforming loans. If you have to move up to jumbo loans, interest rates are not only higher but you need to have more money down and impeccable credit.
There are great investment opportunities in San Mateo County, Santa Clara County, Alameda County and Contra Costa County. All of these are fairly close to home and easy to manage.
If you have been thinking about buying an investment property to begin your wealth development and have some money in the bank for your down payment, you are probably at the best time of your life to begin this. Give me a call so we can talk about it. I can be reached at 650-867-2909 and we can discuss your specific wants and needs.
Real estate is one investment that consistently holds. They aren’t making any new land. We have what we have. Yes, we have seen a drop in housing prices, in some places it is significant, but on the Peninsula, it has been about 5-10%;. This price adjustment has been long over due. It’s always right to buy in a down market. We’re here to help you and answer your questions.