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22 August 2024 | 2 replies
FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.
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22 August 2024 | 6 replies
But my favorites are MI and IN, because there is decent supply, they are reasonably easy to work in, and I already have good teams established there.
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22 August 2024 | 5 replies
We used to have STRs in Fullerton before their ordinance was established.
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23 August 2024 | 8 replies
I'd say first identify a strategy, choose a market that aligns with it and establish your Core 4 Real Estate Team.The main challenge I observed is that individuals often lack a clear end goal or strategy or they select a market that doesn't align with their chosen strategy.
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22 August 2024 | 0 replies
The management of the park will be handled by the property management division of Adam Campo Real Estate {Limited liability company established in 2006/Managing countless properties professionally (as a sole proprietor) since 1999}, and we will be employing a full time on-site manager.
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24 August 2024 | 11 replies
And I make sure to already have established email communication with each tenant at/before the start of the lease, and use that same email address (of the two provided in the lease) with the tenant during our relationship.Real life example: I had one leave “in the dark of night” after my local agent posted an eviction notice on the door.
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22 August 2024 | 10 replies
Even if it is stated on taxes some may want 2 years worth to show it is established income.
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22 August 2024 | 31 replies
Then after establishing a company and establishing actual cashflow and not just having it on paper, you could then try and find a partner who will come in and purchase the portfolio from you and your partners, you can pay off your partners and then start new with this single partner and move forward through the rest of the plan.
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22 August 2024 | 9 replies
what your looking for with the data is to establish a reason to make certain moves.