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25 January 2025 | 6 replies
Most non-FHA loans will require at least 15% down but you'll have to have amazing credit.
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22 January 2025 | 2 replies
They were seeking secondary homes for their family that could be rented to help offset costs and didn't require an immediate or transferrable permit.
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23 February 2025 | 39 replies
Commercial real estate deals involve larger sums of money and require a deeper understanding of the industry, so it's important to work with someone who has expertise and experience in this space.
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17 January 2025 | 24 replies
We review yearly with our CPA who files the necessary forms.By law, IRAs require a custodian.
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17 January 2025 | 9 replies
HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."
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14 January 2025 | 1 reply
Most building codes and HUD standards require bedrooms to have windows for egress and ventilation.
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15 January 2025 | 6 replies
I know lots of installers don't do it, and I personally prefer the unimpeded look, but anything installed outside of the requirements of the material is probably going to be limited, i.e. the insurance company is not going to pay you because the material was not installed according to flooring requirements.
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21 January 2025 | 5 replies
Please, no solicitations.Use the renovation/acquisition loan products that require 10% down on the purchase and you should be able to get a few going at a time.
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7 February 2025 | 41 replies
I’d like to add that it’s also landlord-friendly—licensing is not required and there aren’t any rent control laws in the state.Likewise, both Greg and Eric have already spoken at length about Montgomery, but I want to draw your attention to a few other under-the-radar markets in the state that also have the potential to cash flow well.The places I had in mind include suburbs outside of Huntsville proper, like Decatur and Hartselle.
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16 January 2025 | 7 replies
Maybe I’m wrong but I had to do that on our STR (Ring) and Wyze also requires close proximity on initial setup.