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10 January 2025 | 7 replies
If you can find practice tests, that is my recommendation - that is what I did after taking the required time component and did not have any issues passing the test.
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9 January 2025 | 0 replies
OccupancyMost lenders require a minimum occupancy rate of 85%.
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8 January 2025 | 4 replies
As Jonathan mentioned it can be done, but they may require an appraisal of the property.
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24 February 2025 | 72 replies
Really fun activity but also requires alot of energy and meditation to determine the right kind of structure to grace the land and also frame the view of the soft prairie slopes.So I travelled to Sedona I didn't buy property there I wish I had that kind of wealth haha.
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9 January 2025 | 30 replies
I make sure I screen each potential tenant thoroughly (background and credit checks) and require references.
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19 January 2025 | 354 replies
I suspect AHP has most of its investors capital deployed into these type of assets and now it's jumping through major hoops to meet their capital requirements.
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16 January 2025 | 78 replies
This requires an income that allows you to maintain your standard of living throughout your life.
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10 January 2025 | 3 replies
If it’s tied directly to the lender as part of your mortgage agreement, you’d probably need to negotiate with them or refinance with a different lender who doesn’t require that restriction.However, if the restriction is part of the property deed itself and was placed by a previous owner or another party, it can be more complicated.
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7 January 2025 | 4 replies
.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean?
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12 January 2025 | 7 replies
If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.