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15 September 2024 | 14 replies
There is now essentially no benefit to obtaining a second home loan over an investment property loan, except for the ability to do 10% down rather than 15% (minimum for investment properties).This info is all related to Conventional mortgage financing.
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14 September 2024 | 9 replies
You can add language such as "Inspection for information purposes only" or similar to convey that you won't expect repairs or cash concessions from the seller, but you do not want to lose the ability to walk away if you find that the house is in shoddy condition and you should not trust an inspection report that is not from an independent source and provided to you outside of the seller.
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14 September 2024 | 10 replies
So STR loophole there are personal use limitations: To avoid having the property classified as a "residence," which limits your ability to claim rental expenses, your personal use of the property must not exceed the greater of:14 days per year, or 10% of the total days the property is rented at fair market value
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14 September 2024 | 11 replies
If I am still responsible for the lein any tips or advice on the ability to negotiate the 12 years interest they are probably going to want to charge on the lein?
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12 September 2024 | 0 replies
This quick transaction showcased our team's ability to identify opportunities and execute effectively, resulting in a strong return on investment.
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13 September 2024 | 9 replies
So having a plan, ability to do some things yourself, and building a team prior to starting is helpful in reducing some of that risk.
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12 September 2024 | 0 replies
This directly impacts an investor’s ability to grow rental income.
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11 September 2024 | 8 replies
As a lender, I look to mange my risk and sheriff sales remove that ability.
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12 September 2024 | 14 replies
@Ankush R.yes, when you're OOS you're entirely dependent on your team with no ability to meet people in person, add value, see properties in person, etc.
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11 September 2024 | 1 reply
While I am new to the real estate market in the USA, I am confident in my ability to navigate and succeed in this field.When I discuss financing options with loan brokers, I often encounter conventional loans requiring a 30% down payment.