
9 September 2024 | 18 replies
Hey @Yonathan Cabrera, it isn't off the table as this article points out:https://www.rocketmortgage.com/learn/va-loan-for-investment-...At your age, I might look into buying a 4 plex and live in one and rent the other 3 as long term rentals.Essentially you have to occupy the property within 60 days, then you can buy another one after a year, rent the last unit and do it all again.This is where occupancy requirements for VA loan rental properties come in.

7 September 2024 | 9 replies
My employee was giggling when they told me the attorney taking testimony from them banged on the table, angry and yelling "we got screwed".

7 September 2024 | 6 replies
Beyond that, there is a MACRS depreciation on the table and is once again available depending on your situation.

6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437

4 September 2024 | 6 replies
some good examples here already but would add minimum loan size / property value I see a lot, unfortunately have to turn away a lot of people (esp. those just starting out) because their budget is too low and the property doesn't have enough value juice to make it worth it as a lender (plus more risky)

5 September 2024 | 11 replies
I am currently dealing with headache after headache with the single-family lender who cannot even articulate the reasons why they are enacting their flawed policies meanwhile it’s smooth sailing with the lender for the larger parcel directly next door where the loan is 20x the size.

9 September 2024 | 21 replies
That is what a Property Manager brings to the table.

7 September 2024 | 5 replies
You would do much better building a cabin or 2 story place for resale.I assume that you know geodesic domes usually bring less than a comparable sized "normal" home.

6 September 2024 | 6 replies
But only Brokers will know how many of those are really floating around in your market and for that size asset.

6 September 2024 | 3 replies
Hi Adriana, Typically, yes, the interest rate does spike, but depending on the borrower's experience and the loan size, you can still get loans at 80% LTV and rates in the 5.75 - 7.50%