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28 January 2025 | 5 replies
Also, the term "house hacking" is generally used for your owner occupied home (renting out rooms in your primary home) and that income cannot be used to help you qualify (it is considered boarder income).
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7 February 2025 | 0 replies
If this effort gains traction, it could fundamentally reshape the U.S. mortgage market, impacting financing options for real estate investors nationwide.The Role of Fannie Mae and Freddie Mac in Housing FinanceFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs) that purchase mortgages from banks and lenders, package them into mortgage-backed securities (MBS), and sell them to investors.
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18 February 2025 | 7 replies
That document will often show you when the plans were approved to build that development of X amount of homes.
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18 February 2025 | 17 replies
Looks like an awesome investment and home!
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16 February 2025 | 6 replies
When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.
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30 January 2025 | 4 replies
I have 3 homes managed by a property manager.
1 February 2025 | 0 replies
Now, I’m rebuilding my portfolio while continuing to help others buy and sell homes.
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14 February 2025 | 15 replies
I’d like to connect with you and others about buying a home near Cold Springs (Toulumne County) to turn into STRs (permit process, cash flow expectations, etc.).
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2 February 2025 | 1 reply
If the home has a really nice layout or beautiful interior and it's not getting many showings, I would definitely recommend a video tour.
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1 February 2025 | 5 replies
Get an estimate from a GC to get a good idea of what is required.Market Comparables: Check what similar-sized homes with finished basements or additional bedrooms are appraising for in your area.