
14 January 2025 | 2 replies
FHA now allows us to count rental income from an ADU (additional dwelling unit) to help borrowers qualify.

13 January 2025 | 8 replies
There is a flaw in the business model and thier internal processes need a lot of work.First the good,Yes, I got paid every month.Nomad found me good renters.Next the badDue to needing to make the guaranteed rent they rented my unit below market valueIn communicating with Nomad they were disorganized, often sending conflicting messages and not alignedNomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.Nomad was horrible to my renters as their property management term ended.

19 January 2025 | 18 replies
They do it across the board so all their units have to pay the higher deposit.

13 January 2025 | 6 replies
(Especially a 2-4 unit.)Do they have friends/relatives/co-workers that would rent rooms from them if they bought a property to show more income?

14 January 2025 | 5 replies
Just get on Airbnb and see who are the property managers doing most of the units in the area and search for them on google.

10 January 2025 | 4 replies
Also make sure you are comfortable with some holding costs if the units don't get rented right away (if vacant).Also look into if there is rent control in the area that the property is located.

13 January 2025 | 14 replies
Start by leveraging what you already have—consider tapping into equity through a HELOC, house hacking again with an FHA loan, or increasing cash flow by converting a unit to a short-term rental.

11 January 2025 | 8 replies
Fannie Mae has a requirement that if you want to use the rental income from the non occupied units, that you MUST have a current housing expense which means you cannot live rent free.

16 January 2025 | 3 replies
.- **House Hacking:** This can be a great way to start, especially if you're looking to live in one of the units.

19 January 2025 | 21 replies
And then I want to progress into single family units and so on.