![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2160743/small_1696319369-avatar-opper.jpg?twic=v1/output=image&v=2)
23 August 2024 | 9 replies
They will all have there own requirements, not only the financial aspects (terms and requirements of loans), but also on experience needed and whether yours qualifies.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/940480/small_1633064156-avatar-danv36.jpg?twic=v1/output=image&v=2)
22 August 2024 | 7 replies
She used to live in the house and now lives with us for about 2 years now so the property still qualifies as primary residence.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/902093/small_1724421518-avatar-abrame.jpg?twic=v1/output=image&v=2)
24 August 2024 | 5 replies
This way you can weed out the lookie loos and people who aren’t qualified, while also cutting down on the number of times you show the property!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2909565/small_1722520731-avatar-saedr1.jpg?twic=v1/output=image&v=2)
19 August 2024 | 3 replies
Will having this job qualify me for an FHA loan, even though it’s not related to my degree?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2499300/small_1658251114-avatar-ambers152.jpg?twic=v1/output=image&v=2)
23 August 2024 | 9 replies
First I would see if they would qualify for a 121 exclusion.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2737971/small_1684279320-avatar-erics1199.jpg?twic=v1/output=image&v=2)
22 August 2024 | 10 replies
Personally, I would recommend purchasing the primary residence first, mainly because of how the DTI is calculated.Scenario 1: If you were to purchase the STR first, and then the primary residence, you will likely need to qualify with the full payments on both properties depending on your timeline.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3045704/small_1717939035-avatar-dylanl166.jpg?twic=v1/output=image&v=2)
22 August 2024 | 2 replies
Non-occupying co-Borrower: A non-occupying co-Borrower on an existing FHA insured Mortgage may qualify for another FHA-insured Mortgage on a new Property to be their own Principal Residence.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1064023/small_1694665056-avatar-thangn6.jpg?twic=v1/output=image&v=2)
22 August 2024 | 1 reply
.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3037692/small_1722500838-avatar-staceyw68.jpg?twic=v1/output=image&v=2)
22 August 2024 | 2 replies
Yes, we have been doing lease/purchase and lease-options deals for over two decades.The rent+own strategy is particularly relevant when prospective buyers are having a hard time qualifying for a mortgage, either because mortgage rates are high or because prices are rising.Kinda sounds like both are happening right now, doesn't it?
23 August 2024 | 8 replies
The property is ~75% occupied, so it wouldn't qualify for agency programs.The seller is extremely motivated and may even consider seller financing her equity.