The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MSI who wrote (5315)	9/14/2002 7:03:34 PM
From: Elroy Jetson	Read Replies (1) of 306849

It's more difficult now, imo, and I'm selling 1/2 my own holdings I'm glad to see you've decide to take your own advice. MSI quote #1 I can get 80% loans on rental property, Elroy, from Washington Mutual and Citibank. Further, once I improve a property I end up with 100% loans more often than not. MSI quote #2 Easy to do, if one overleverages. Stupid, but easy. How much more than 100% financing constitutes over-leverage in your opinion? (smile!) The real estate agent, I referenced who lost it all, only used 80% financing. Mix 80% financing with declining property values and rents in the early 1990's and he was toast. Wise rental property investors use down-payments of 35% to 50%. The neophytes just haven't seen the down-cycles yet.

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