Comments on: Impact of the Imminent Failure of Freddie Mac and Fannie Mae and the Decline in Availability of Rental Properties on Apartment Building Investors http://www.biggerpockets.com/renewsblog/2008/08/26/apartment-building-investing-and-today%e2%80%99s-economy/ Learn, Network, Invest Mon, 23 Nov 2009 22:35:48 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Reid from Pune Properties Real Estate http://www.biggerpockets.com/renewsblog/2008/08/26/apartment-building-investing-and-today%e2%80%99s-economy/comment-page-1/#comment-59924 Reid from Pune Properties Real Estate Wed, 10 Sep 2008 02:45:36 +0000 http://www.biggerpockets.com/renewsblog/?p=1220#comment-59924 I guess this is just a temporary setback. The Situation will change in a few years. Till then , the Lenders will be wise enough to hold on to most of their money. I guess this is just a temporary setback. The Situation will change in a few years. Till then , the Lenders will be wise enough to hold on to most of their money.

]]> By: No Name http://www.biggerpockets.com/renewsblog/2008/08/26/apartment-building-investing-and-today%e2%80%99s-economy/comment-page-1/#comment-59755 No Name Wed, 03 Sep 2008 03:33:30 +0000 http://www.biggerpockets.com/renewsblog/?p=1220#comment-59755 I would differ slightly with your assessment as-to why lenders (like my firm, for example) are not funding new multi-family construction. I can assure you it is not because they are unwilling to take the risks. It is because they are desperately undercapitalized and have no secondary mortgage bond market to sell the loans into. Banks would love to be originating and closing more loans, but they can’t lend out their last dime. Until the CMBS (commercial mortgage backed security) market starts printing some real volume, lenders will hold onto their cash. I would differ slightly with your assessment as-to why lenders (like my firm, for example) are not funding new multi-family construction. I can assure you it is not because they are unwilling to take the risks. It is because they are desperately undercapitalized and have no secondary mortgage bond market to sell the loans into.

Banks would love to be originating and closing more loans, but they can’t lend out their last dime. Until the CMBS (commercial mortgage backed security) market starts printing some real volume, lenders will hold onto their cash.

]]> By: Jessica Beganski http://www.biggerpockets.com/renewsblog/2008/08/26/apartment-building-investing-and-today%e2%80%99s-economy/comment-page-1/#comment-59635 Jessica Beganski Thu, 28 Aug 2008 18:33:49 +0000 http://www.biggerpockets.com/renewsblog/?p=1220#comment-59635 I think you're right on the money. I think investors with apartments are going to be doing well as the rental market gets more competitive. Because of this, I'm starting to recommend to certain seller clients that they rent their houses rather than try to sell them now. If they don't have a large mortgage and are looking to retire, for example, the rental income can make it worth the while. Jessica Beganski I think you’re right on the money. I think investors with apartments are going to be doing well as the rental market gets more competitive.

Because of this, I’m starting to recommend to certain seller clients that they rent their houses rather than try to sell them now. If they don’t have a large mortgage and are looking to retire, for example, the rental income can make it worth the while.

Jessica Beganski

]]> By: Tammy at Myrtle Beach Real Estate http://www.biggerpockets.com/renewsblog/2008/08/26/apartment-building-investing-and-today%e2%80%99s-economy/comment-page-1/#comment-59588 Tammy at Myrtle Beach Real Estate Tue, 26 Aug 2008 19:51:01 +0000 http://www.biggerpockets.com/renewsblog/?p=1220#comment-59588 Here in Myrtle Beach, we're having problems getting solid buyers qualified. That, and dealing mostly with short sales and foreclosures, makes this a depressing time. Hopefully, we'll pull out of it soon. Here in Myrtle Beach, we’re having problems getting solid buyers qualified. That, and dealing mostly with short sales and foreclosures, makes this a depressing time. Hopefully, we’ll pull out of it soon.

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