Sean Gribbons Broker at The Gold Standard Brokerage

Sean Gribbons Broker at The Gold Standard Brokerage

Sean Gribbons Broker at The Gold Standard Brokerage

Sean Gribbons - The Gold Standard Brokerage

Standard down payment for a new primary mortgage typically range between 3%-5%If you need the rental income from the home you are departing you typically will need a fully executed lease and proof of 1st payment and security deposit

I would 100% go with Nathan’s “Two Steps to Our Contract Expected Adherence to Certain Performance Standards on Your Part as a Licensed Professional, Too, Solution” he outlined.

We meet the standard qualifications for the FHA loan.

If anyone has any tips or tricks to a first-timer, feel free to leave a reply (especially curious about standard practices for identifying deals).

It was a dream purchase for me and my wife, but after joining Bigger Pockets and all the great folks on here helped my move into the STR game.We ended up with a standard 2nd home mortgage that was almost immediately transferred so we just started listing it on VRBO and AirBNB.

VA property standards will apply here, and commercial real estate tends to be more beat up than residential in general, and on top of that high vacancy real estate is also almost always beat up real estate that has been poorly managed and maintained for several years.