According to a report today from the National Associaton of Realtors, Fannie Mae has just agreed to lift the cap of 4 investment properties eligible for loans and raise it to 10.
NAR also reports that a component of the Treasury/Obama stimulus packages is a buyer tax credit that has been increased to (up to) $8,000 with NO payback [a true credit].
Will investor purchases qualify for the $8,000 tax credit?
No. The credit will be available only to first-time homebuyers.
