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13 November 2024 | 22 replies
Roth or traditional or combination.
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12 November 2024 | 171 replies
With STNL if you have about 10 years left on the primary lease you tend to still get good debt on the property.
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13 November 2024 | 34 replies
I work with a lender that allows that as long as we can document some explanation that the borrower doesnt plan on occupying the home as a primary residence.
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12 November 2024 | 12 replies
I’m guessing the ski community is highly seasonal and has deep-rooted family traditions of return vacationers.
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12 November 2024 | 1 reply
It is typically your primary job.The 40 hr/week W-2 worker is going to have a hard time convincing an IRS agent they are meeting this threshold.STR loophole is a better path for my friends in this category.Once you finally cross the pro hurdle, you're not done!
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11 November 2024 | 9 replies
@Valentina Manzati Because financing an investment purchase is going to require at least 15% down, you're going to need to focus on a property that you can call your primary residence, meaning a 1-4 unit home you live in while renting out some of it, or a 1-4 unit home you live in for a year and then convert it to a rental.
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4 November 2024 | 10 replies
Since I am out of state, the plan is for us to buy it together and he will make it his primary residence to get the lower down payment.
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11 November 2024 | 4 replies
The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.
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12 November 2024 | 5 replies
Definitely looking to start smaller, in the 2-4 unit range, but seeing what you put in your buy box helps me think about narrowing mine.Plan is for funds to primarily come from saving from my W-2 work and possibly utilizing equity from my primary residence, though that is something I would need to really plan out.
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11 November 2024 | 8 replies
@Roopesh KrishnamoorthyFinding cash flowing SFR is going to be a challenge (especially since you are looking for a primary at this point) and if you leave (H1B lottery) then do you plan to continue to fund any shortfall from India?