If you’re prepared financially and find a good opportunity now, it might be wise to proceed rather than waiting for uncertain future changes.Ultimately, it’s about balancing predictions with your personal and financial goals.

Off the cuff, FHA can be difficult with appraisals, sellers willingness, self-sufficiency test, life time PMI, & FHA premium.

Hi,I have been doing private lending for a very long time, most of time first lien, some time 2nd lien also.recently came across a situation where first lien is already there on property and there is clause than 2nd lien can not be done on property.Investor(borrower) giving me option that we can prepare a new document for "Equity pledge" this mean conditional equity in property if there is default.I never heard this thing before.any one any input on this.Thanks in advance.

I feel like I usually know the answer but need a sounding board like BiggerPockets to test my thoughts out!

I am currently considering a deal on a very small park as a way to test if MHP's are going to be for me or not.

For the month to month tenant you can change their lease rate as you see fit… but if you are changing it significantly you should phase it in to help them have time to adjust and prepare for it (in my opinion)… maybe across 2-3 months.It’s likely that your tenants are use to each other having already lived next to each other.  

Based on only the facts and circumstances listed above and if it meets the 2 out of 5 year test, it will be considered under the $250,000 income threshold and non-taxable.

Be prepared for the leasing phase to take longer than expected.

Don't ask.Show up prepared and be interested.

The IRS has no fees.You are now prepared to open a bank account.