.⏳ After that period, if you decide to move out to purchase your primary home, a lender can use 75% of the total rental income from the fourplex to enhance your overall income for qualifying purposes.😀 This can be a fantastic opportunity for those looking to invest in real estate while managing their living expenses.

Non QM, 8.125% interest rate, 2.625pts, 20% down payment, 12 month prepayment penalty period - 3.61% CoC2.

After hurricane Beryl hit, many were left without power for an extended period and I really would like to put my eggs into different basket/market if possible.I see that you’re a real estate broker in Texas yourself.

So if I were in your shoes I would want to be really confident in the exit strategy. 1) confirm rent estimates 2) confirm ARV and the demand in that area to buy a house like that in the price range 3) are there banks willing to refinance at the LTV you want with the seasoning period you have. 40k for a house of that size that needs that work would be the cost of materials alone where we live in WI, so verify your estimates.

Replacing the furnace will allow you to market the property with an awesome, new fuel efficient furnace instead of a fuel hog that could break on any day.

Normally I could just wait, but during my approval for the offer, I had to lock my rates at 6.25% FHA and the rate lock period was over around the 16 of July.

Negotiations were swift and efficient, allowing us to secure the home for $185,000.

Historically real estate and markets are nearly identical over a long period of time. 

Your best bet might be to find a private fund that aggregates money and lends it back out to real estate investors.It is worth adding that this is not a tax-efficient way to get involved with real estate.  

- Minimum period contract term or agreement?