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19 September 2024 | 43 replies
There are handful of crowdfunding lending companies emerged lately.They all seem to share a need to be an accredited investor to start investing.In order for an individual to qualify as an accredited investor, he or she must accomplish at least one of the following:1) earn an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the last two years and expect to reasonably maintain the same level of income.2) have a net worth exceeding $1 million, either individually or jointly with his or her spouse.3) be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.How strict is the accreditation requirement is being followed?
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19 September 2024 | 5 replies
Simple, the MTM tell them they need to go, I am not certain of PA laws, but I think a 30-day notice is sufficient, and or cash for keys Well my lender said I can not qualify for an owner occupied loan unless one of the properties is vacant.
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18 September 2024 | 4 replies
Hello everyone,I'm considering purchasing a triplex with the following unit mix:2 apartments for short-term rental (STR)1 apartment for long-term rental (LTR)Questions Does this mixed-use property (80% STR, 20% LTR) still qualify for the short-term rental tax loophole?
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18 September 2024 | 2 replies
Im worried the home equity loan will be a problem in qualifying for the 500k second mortgage needed for my second multi family unit.
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20 September 2024 | 9 replies
@Luke Davis If you can qualify for a conventional loan that is probably going to be your best bet.
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18 September 2024 | 6 replies
Second is partnering with a great lender who can help you navigate including potential rents to help you qualify for more opportunuities.
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23 September 2024 | 33 replies
The only things I change are that I require a copy of their housing voucher (which tells me which agency they're with, how many bedrooms they're qualified for and if their voucher is still active) and I require only 1 months rent in income instead of 3.The rest is the same - I call every landlord they've had for the last 5 years, I check their background, credit, etc.
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20 September 2024 | 15 replies
Social media is filled with 'passive income real estate' but it takes a lot of work to acquire, qualify for loans, and manage property.
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19 September 2024 | 12 replies
In order to qualify for your first investment loan you will need to put down 25% of the properties purchase price.
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18 September 2024 | 19 replies
It is taking 1 - 2 months to find qualified tenants.