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27 November 2024 | 10 replies
Readers should seek professional advice.
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23 November 2024 | 11 replies
., which creates a great opportunity to leverage real estate for attracting travel nurses and other medical professionals.
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21 November 2024 | 3 replies
Proper structuring with professional guidance is key to achieving both parties' goals.This post does not create a CPA-Client relationship.
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19 November 2024 | 1 reply
Jamie,You can buy the other lake home using a 15% down investment program or DSCR.
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20 November 2024 | 13 replies
There are DSCR 5-8 unit programs that have 30 year fixed rate terms for DSCR 1 ratios.
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24 November 2024 | 9 replies
Also have you done any pre-dd- driveby, discussions with broker, property managers and other real estate professionals about this property.
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21 November 2024 | 9 replies
Quote from @Elimar Rios Guzman: Hello BiggerPockets Community,My name is Elimar Guzman, and I'm excited to be a part of this thriving network of real estate enthusiasts and professionals!
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21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
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23 November 2024 | 8 replies
If you want to be a professional in this business you need NARPM
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12 November 2024 | 5 replies
I am new co-hosting and considering any programs or training to help speed things up and provide any key resources.