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20 July 2024 | 4 replies
Furnishing is usually 12k per bedroom - it's also shown in rei-lense.Since you're going to use it yourself it might qualify as a second home and get a better rate.HOA is always a risk as they can limit the renting options available at the moment or come with additional expenses.And, to get the most of AirBnB you'll need to put some more into it.
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19 July 2024 | 13 replies
Find a lender who understands your long term real estate goals and understands that rental income can help knock down your DTI to qualify for more loans and acquire more properties.
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19 July 2024 | 11 replies
Then to qualify for the next house hack you will use conventional loan.
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22 July 2024 | 18 replies
You cannot use "short term rental income" to qualify on the subject property BUT you can use 75% of the appraiser's rent valuation on the 1007 market rent schedule.
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20 July 2024 | 8 replies
I am not sure if they are particularly used for Real Estate as of yet, they do have a focus on nurturing, qualifying and tracking leads.
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22 July 2024 | 19 replies
But additionally, since you need someone to share their net worth and liquidity to qualify for your loan, they are taking on some decent risk to not be truly involved with the opportunity for upside.At the end of the day, if you are assuming $1mm down, $3mm loan, whether it is agency loan or debt fund or local credit union, they will want experience (and this could be the professional property management company you hire).
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20 July 2024 | 5 replies
To qualify, the income from the property will need to be equal to or greater than the monthly principal, interest, taxes, insurance and HOA (where applicable).
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23 July 2024 | 28 replies
A large, deep and qualified network of "intermediaries" to provide deal flow OR the ability to spend $5 -10K PER MONTH on obtaining that deal flow. 5.
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20 July 2024 | 8 replies
I believe I am not qualify for primary residence because I do not physically live in the states side.
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19 July 2024 | 100 replies
If you're qualified, you go to the open house.