Another great prep strategy is to have the building pre qualified with a local or experienced lender for potential buyers to connect with and or they could entertain a full or portion seller carry back if they want to maintain some income.

I define true demand not as mortgage applications but qualified buyers.

Before wasting time looking for properties or spending a lot of time on projects, they should make sure they can get the financing because a) financing might not be available, b) they might not qualify or c) the cost of debt might be prohibitively right.Another mistake investors make is believe that they can apply a US strategy or financing model overseas.

My husband, a veteran, qualifies for a VA loan, but we're unsure if we should use it for an investment property.

I have all of my rentals, which in all is about 9, due on the first day of the month with a grace period through the fifth of the month to pay rent.

But if not, it seems like youre really only holding yourself back and trying to fill in the gaps with licensing, mentorship, and other time consuming activities besides actually investing in RE.If you qualify and can afford it, just get yourself a primary residence and househack.

If you rented the property first, you’ll have to pro-rate the gain based on non-qualified use.

They have the lowest rates and since they are 30 year fixed...they allow us to cash flow better...which helps us qualify for other loans later.

Once the 1031 exchange is completed (again assuming 1031 compliance), I can continue to rent the property indefinitely or at any point after 2 years of rental, use it as a primary residence and thereafter living in the property for at least two years qualify to use the Section 121 Exclusion to eliminate capital gains entirely (gains estimated to be about $70 K, well under the $250,000 single filing limit).

You will qualify based on your rental income covering the first and 2nd mortgage payment.