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13 September 2024 | 24 replies
The exception would be a superior website maintained for SEO, IF your investment program is large enough to cover the $5k upfront cost and the $500 per month maintenance for an optimized website.
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12 September 2024 | 9 replies
Fannie Mae will allow you to count Boarder Income if you are purchasing a new Primary home, have had renters living with you for at least 13 months, have proof of receiving rental income for at least 9 out of the last 12 months, if you qualify for Fannie Mae's HomeReady program (which is an income limited program, you do not have to be a 1st time homebuyer to qualify for this program).
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11 September 2024 | 2 replies
Mink,I would advise using a Fannie Mae 5% down program to avoid the FHA up front UFMIP finance charge.
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11 September 2024 | 1 reply
As far as I'm aware, SBA loan programs cannot be used for real estate companies.
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13 September 2024 | 24 replies
Fellow OH investors,I have a rental property in Lorain county and just received a letter about the lead safe program and that as a landlord they need to conduct an inspection and make the home lead safe.
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13 September 2024 | 11 replies
You can also get a 10% premium discount if you do Breezeway's Safety program.
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11 September 2024 | 20 replies
Loan programs that utilize AirDNA income projections to qualify can also be utilized for cash out refinances (if not currently operated as an AirBNB) although some lenders have a maximum cash in hand of $500k-$1M typically at a lower loan to Value of 65-75% for investment property vacation rentals.
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12 September 2024 | 14 replies
The facebook groups are a great place to find mentor programs and such in your local markets
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11 September 2024 | 8 replies
There are advantages and disadvantages to it and those can vary by the local housing authority that administors the program in your area.
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10 September 2024 | 4 replies
But each bank/loan program has their own requirements so you should also double check with whatever loan officer is submitting her application.