- Design language (this has differentiated my home in Massachusetts though tastes differ and not all markets are as high earning as Mass)- Do you typically work with the same contractors, electricians, etc or have a network?

Local banks typically offer lower interest rates but might require a solid track record and detailed financials.

Will you explain how a typical extension would work, please?

This is typically the slowest time of year for tenant placement, at least in our local market.

What avenues do you guys typically find your investors? 

Also be aware that cash out refinances typically have slightly higher rates than initial purchases or just rate and term refinances.

ESPECIALLY if you’ve lived in any of them 2 of the last 5 years and can take the tax free gain. 

Does it outweigh paying the capital gains tax?

In his experience, Memphis’s higher-than-typical rent-to-price ratio sounded great in theory, but property management turned out to be a huge factor-especially if you’re not local.

The lender is the one who sets this up as they are the ones who typically pay since its them who is to provide this as well as keep track of the loan, but only be a borrower if they use a servicer.