I made one of the homes in Rochester our second home, and our first airbnb.  

Some homeowners have had success removing PMI after demonstrating that substantial improvements were made, but this is more of a gray area in the guidelines for HomeStyle loans.Fannie Mae Servicing Guidelines: It’s always helpful to go directly to the source for clarification.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

And you'll likely want to consider more fringe & cheaper areas for lower prices & better cash flow.I bought a 3-unit building in November last year when rates were 8% using a renovation loan (5% down), made cosmetic renovations to the units, and then we got way stronger rents than expected.

What made you interested in investing in this type of deal?

Luckily my customers were pretty loyal to me but you get the point. 

Thanks for the help everyone, just wanted to update you and let you know we now manage this client, they made the switch a few weeks ago.

I have made friends with City of LV and my property meets all requirements and is in a “ clear” zone on the map.