Meaning, to the lenders, its a temporary job that is not exactly stable because once you graduate, poof, its gone.

It also does well near hospitals and universities, which tend to bring on temporary staff or relocate professors or doctors to the area.

Because we would be tearing it down we are not interested in sinking a lot of money into updating it right now. however, we would put up temporary walls or things like that if it could increase the rental income enough.The backyard has a pool, vineyard, and tennis Court.Thanks for any advice!

@Dimitri PaspalarisIf you do sell the stocks, be aware that you may have to pay tax as a result.You may be subject to favorable capital gains tax rate if the stocks are long-term.To avoid the tax hit, you may want to also consider selling stocks that have decreased in value.

Some towns will issue a temporary CO or CCO listing the things that have to be done in order to transfer title and they’ll give you a certain time frame after purchasing to complete.

Even if the market turns I don’t think rents will decrease much.

Newer to renting, just finished my first brrrr and listed it for rent, I’ve got an offer from temporary accommodations for a 6 mo lease for clients that need a house.

@Curtis Mitchell closing cost are going to depend on the lender and can sometimes be negotiated to have the seller include closing costs in the purchase price to decrease the total amount of cash you outlay.In regards to PMI, that is usually an additional percentage of the loan that is added to the payment each month.

Being a shorter repayment schedule as well as higher interest, it looks like the HELOC would take a good bite out of one's cash flow, and that it is only a temporary solution, not a permanent one.

Jobs and kids put our plans on a temporary hold for the past several years.