Then I asked him three questions to help him ask better questions and get better answers.

Specifically I found an investor that wants to do a mid term rental and within three weeks we under contract on a $600K home in Richardson.

I started last year and have completed three successful projects with 30% returns before tax within 3-6 months.

The deals are harder to find than they were three years ago, but they are still there.

The Mortgagee may consider that this income is reasonably likely to continue for three years.Calculation of Effective IncomeThe Mortgagee may only use Section 8 Homeownership Voucher subsidies as Effective Income if it is not used as an offset to the monthly Mortgage Payment.

It’s similar to a triplex in that you’re renting three units, however it is a single family residence with an ADU...three leases in place does not change that.

If the later, then set a timeline for say 5 years (don't care how long) and then sell and go your separate ways.I do have a business partner/friend on the investment side and we have three properties/ten doors together.

If the tenant breaks their lease after three months, you are obligated to find a new renter, only charge the original tenant for rent up until the new tenant takes over, and then refund any unused funds.

I’ve had other clients who preferred this approach..one even found a gem in Glenview at a time when the suburb wasn’t as well-known, and today his property’s value has grown by 15% in the past three years alone.With the anticipated drop in mortgage rates in 2024, the suburbs might be a solid pick for someone new to the market, especially if you’re looking to build equity without dealing with the volatility of city investments.So, for a first-timer, think about your goals: high appreciation and some hands-on work?

My feelings are hurt that you did not want to connect with me :( after three years on my list.