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27 February 2024 | 2053 replies
Other funds are not eligible for OZ benefits. 2.
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25 February 2024 | 4 replies
A lender who would finance a mortgage application with a US citizen and a Canadian Citizen on the application.A quick answer to your question: Yes, both of you are eligible for a mortgage application, but there is usually a 10~20% downpayment.
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25 February 2024 | 7 replies
Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.
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24 February 2024 | 4 replies
Oceanfront homes can be found in the $750k range and those that are vacation rental eligible are usually well within the $1M-$1.5M budget.
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28 February 2024 | 130 replies
Fundamental shift in view, don't leverage money be the leverage behind the hard asset.3.
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24 February 2024 | 5 replies
I understand the fundamentals of buy and hold investing, but what I would really love to learn more about is the BRRRR strategy and the renovation process.
23 February 2024 | 65 replies
Separately & generally speaking, around 25% of PP will be eligible to be depreciated as 5, 7 or 15 year property.
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22 February 2024 | 5 replies
This program is specifically designed to help finance the construction, acquisition, or rehabilitation of rental properties with multiple units.To qualify for a USDA multifamily loan, the property must meet certain eligibility requirements.
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23 February 2024 | 22 replies
Obviously, this is a speculative question and nobody has a crystal ball on this issue, however, I think close consideration of the fundamentals are important in making a decision about this.
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22 February 2024 | 9 replies
You should talk to your lender to find out if you are eligible to buy this as a primary and rent out your current home.