7 October 2024 | 10 replies
The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern and will be exempted.
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10 October 2024 | 9 replies
Caveat: Rule of thumb is to not do more than 1-2 of these short-term transactions, otherwise, you could trigger UBIT.
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11 October 2024 | 11 replies
Hi Grayson, with you mentioning conventional 5% down and FHA 3.5% down, it sounds like you are referring to a primary residence.Private Lending/Hard Money Lending is usually on investment property (We can do primaries but it is highly regulated & varies state to state so most refrain from it.)If you are looking to get into a flip, long term loan, whatever it may be.If you have no experience & a solid fico, rule of thumb is 20% down.Hope that helped :)
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11 October 2024 | 15 replies
It descibes the rules for reserving usage, exit strategies, and other very minute details.
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10 October 2024 | 17 replies
STR changed that rule for a bit there for a run of 3 or 4 years but now even that has come back down to reality.The key to investing has always been to buy right.
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3 October 2024 | 6 replies
In August, Realtor/MLS rules change so that buyer agent written agreements are required, and the MLS will no longer state a buyer commission amount.
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8 October 2024 | 23 replies
They apply their house rules to the guests so you aren't stuck trying to evict one that relapsed.
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10 October 2024 | 9 replies
But, it’s worth consulting with a tax professional to assess whether any parts of the expense could still qualify for immediate expensing under safe harbor rules or another method to maximize deductions.
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9 October 2024 | 8 replies
I've been trying to find a definitive ruling on the subject for MD, but it seems there are just general usury guidelines that a landlord SHOULD follow.
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8 October 2024 | 4 replies
Since this is a capital improvement, it doesn't follow the same rules as a standard expense, so you'd likely start depreciation in 2023.