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25 December 2024 | 8 replies
One important detail is that my brother currently lives with us, and we are open to having him stay with us if we do make a purchase as a renter to help cover our mortgage.I see our main options as the following:1) Buying an SFDU to live in, and "house hack" with my brother continuing to live with us and pay rent2) House hacking with MFDU.
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20 December 2024 | 5 replies
Some lenders might scrutinize multiple properties in the same area under second home mortgages, so you'll want to ensure your intent to use each property personally is clear and genuine.
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19 December 2024 | 13 replies
Quote from @Bob Beach: We're selling a few houses in Memphis, and we have interest (letter of intent), on one house that's requesting, "Seller Finance".
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18 December 2024 | 9 replies
Basically, you're saying your intent is not to move in, but with owner-occupant loans for lower downpayments, you will sign a statement certifying your intent is to occupy the property.
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16 December 2024 | 23 replies
I have enough cash to invest and am considering cities like Indianapolis, IN; Cincinnati, OH; Cleveland, OH; Atlanta, GA; and Charlotte, NC.I’m looking to purchase houses around $300K, with the intention of fixing them up.
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19 December 2024 | 10 replies
Quote from @Dan Keefe: Hello everyone,I’m a traveling physical therapist but grew up in Maine and am looking to purchase multi families in Biddeford using an FHA and subsequently to house hack in.My question to the Southern Maine community is in regards to the rent data in Biddeford and Saco.
23 December 2024 | 9 replies
Tenant screening is challenging and you have to have the right process in place to make sure you choose wisely.The main thing as many said, this shows a red flag on the amount.
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21 December 2024 | 3 replies
Meanwhile, a regular 1031 can be less complicated to manage if your main focus is simply deferring gains.Considering how property values and financing rates have shifted these past months.. do you think an OZF might be a better strategic move than a 1031 in your situation?
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18 December 2024 | 2 replies
To do so, I need an initial team who can cover the following aspects of these projects:- Wholesaler- Contractor (Inspection oriented)- Equity Partners (Project Incentives)Once the deals are in place, the financing support will be through personal capital for upfront costs, with the intention to raise private capital and include hard-money lenders as-needed.
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23 December 2024 | 9 replies
The Vivid Vision exercise really does work - but it takes some VERY INTENTIONAL time.