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30 September 2024 | 26 replies
Sadly I realize that I won't get the hands on control, but I won't be getting calls about every little rehab issue and they are marketing to and qualifying the buyers.
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30 September 2024 | 19 replies
After that you can decide on what market/area you want to invest in In order to house hack I'd have to have the type of income to quality for a home and here in my state the home market is between $350k to $600 kMy income would only qualify me for Maybe $150k worth of house.Im unaware how to move forward with a house hacking option at these prices.
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2 October 2024 | 24 replies
Since you are a real estate agent you are considered to be "self-employed", which means you qualify for Solo 401k plan.
28 September 2024 | 2 replies
I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.
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27 September 2024 | 8 replies
But I once did one to save a couple thousand bucks, and it cost nearly that much just to hire the Qualified Intermediary.Also, I found myself wanting to move into the property I exchanged, which is a no-no without allowing a couple of years to pass under a safe harbor.
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29 September 2024 | 10 replies
Apart from that, talk to a lender to see what you would qualify for so you can be prepared for the purchase when the time is right.
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27 September 2024 | 18 replies
There are also self-employed bank statement financing that uses 12-24 months of bank statement to qualify you for conventional financing starting at 5% down.
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28 September 2024 | 8 replies
Lenders that offer DSCR loans generally don't have a cap if the mortgage payments are paid on time and the borrower has the credit score, down payment (or equity if a cash out refinance) to qualify.
26 September 2024 | 4 replies
Would I qualify for a mortgage this size?
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3 October 2024 | 46 replies
Simply owning some investment real estate does not make one a real estate professional anymore than owning some stock's makes one a Stock Trader....To qualify for real estate professional status (REPS), you must meet the following requirements:50% test: More than half of your personal services must be in real property trades or businesses.750-hour test: You must perform at least 750 hours of services in real property trades or businesses.