Whenever I have a new listing I always inquire about the investor ratio, and unfortunately a recent listing of mine is coming in high.  Anything above 50% investors makes anything less than 20% down extremely difficult.  My new listings is likely geared to a 1st time home buyer – and how many 1st time home buyers do you know that have 20% to put down?  Not many…  The issue at hand is mortgage insurance.

Anything less than 20% down requires mortgage insurance and right now there are few – if any – mortgage insurance companies willing to “insurance” loans for condos with more than 50% investor owned.

If you’re a seller, understand this will impact your value and your marketing time.  What’s the impact?  Probably about 10% of the value or more, and possibly triple the marketing time.

If you’re a buyer, with at least 20% down payment, you can find a great buy!  This situation won’t last forever and so when it changes, you’ll have instant equity.