7 October 2024 | 10 replies
The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern and will be exempted.

9 October 2024 | 8 replies
I've been trying to find a definitive ruling on the subject for MD, but it seems there are just general usury guidelines that a landlord SHOULD follow.

8 October 2024 | 23 replies
They apply their house rules to the guests so you aren't stuck trying to evict one that relapsed.

8 October 2024 | 36 replies
With the exception of a few states, transferring your property from your name to an LLC will not hide your identity, given your name will still be identified on the public record as a member of the LLC.

8 October 2024 | 4 replies
Since this is a capital improvement, it doesn't follow the same rules as a standard expense, so you'd likely start depreciation in 2023.

8 October 2024 | 6 replies
There are rules to follow!

8 October 2024 | 3 replies
The rule I use is to double the money after five years in case you need to sell.Meaning, with your initial investment of 132k (down payment plus initial closing costs), and considering an additional 5% closing fee of the home’s value when you sell (roughly another 30k for agent and lawyer fees), your total upfront cost plus closing on sale would be around 162k.

8 October 2024 | 10 replies
There are rules to follow!

7 October 2024 | 3 replies
Whether it's regulations on eviction, tenant rights, or property maintenance, being aware of these rules can save you from future headaches.

4 October 2024 | 13 replies
You can buy a large upper/lower with two identical units in decent condition for about 350-450k.