Investors: Blackstone offers financing for multiple properties

As most seasoned investors know, buying more than 4 properties offers unique challenges in the financing department.  Standard banking procedures allow up to 4 on one’s personal credit, then things can be tricky.  Freddie Mac and Fannie Mae allow up to ten properties to a single investor.  But what’s next for the move up investor looking to expand his investments?

One group who is firmly behind the current rental housing boom is the Blackstone Group.  They are running a dedicated division committed to financing deals in the $500K-$5M range, specifically for single family rental properties.  Restrictions apply, so do your homework as always.  However, if investors are already accustomed to jumping through the hoops with Freddie and Fannie, this should be on par.

Check out the full article here:

http://www.cnbc.com/id/101276543

Jennifer@ElginFoxValley.com

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