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16 August 2024 | 8 replies
Another question is whether these properties are being repriced to their fair market value and how long it might take to find qualified tenants in this area.
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15 August 2024 | 6 replies
Just ask a qualified agent that gets done at those price points what they charge and add it to the sales price, and the buyers side too.
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16 August 2024 | 19 replies
Once you qualify for REPS, your current losses are unlocked but your past suspended losses remain locked.
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14 August 2024 | 5 replies
However, they do have certain standards your property must meet to qualify for the program.
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14 August 2024 | 8 replies
They do qualify you based upon the cash flow of the property, but they have high origination fees, prepayment penalties and higher interest rates than conventional.
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15 August 2024 | 7 replies
Certain renovation costs can be eligible for Qualified Improvement Property (QIP).
14 August 2024 | 1 reply
Air BnB's and property management are two VASTLY different areas and what you've learned being a co-host does not necessarily qualify you for PM.
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20 August 2024 | 45 replies
The lender is involved, underwriting is involved and you have to qualify for the loan like any other loan.
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14 August 2024 | 4 replies
Keep in mind that you would also need to qualify for both payments but if renting out the departing residence that rent could be use to offset the mortgage on the departing residence.
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14 August 2024 | 9 replies
If you are willing and able to qualify for conventional lending you will likely get better terms that comparable non-qm products.