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2 April 2024 | 6 replies
But you're not going to find lending products from these life insurance companies who provide these types of policies.
2 April 2024 | 4 replies
Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.Thanks The rules are generally pretty vague - for the 10% Down Second Home Loan - generally are supposed to be not an investment property (no more than half the year rented out, no property management) and the vicinity rule is not super clear - but you are supposed to live "near the property"There won't be a difference among lenders since this is a GSE backed product (all rules the same) - however, the difference is likely to come from the interpretation of how close "near" meansThis is a good twitter (X) thread on the topic from a lawyer thats in the spacehttps://twitter.com/Wildlaw406/status/1689416363973214213
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2 April 2024 | 3 replies
The front entry is through 2 locked doors, first door is a buzz/key entry and the second door leading to the upper units is a buzz/key entry as well.Can someone recommend a sturdier product while maintaining the same locked/buzz in secure entry?
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1 April 2024 | 6 replies
Would they have to go with a non warrantable product or is there some sort of rule that allows it be a new condo building and waive some of the underwriting requirements?
2 April 2024 | 24 replies
There is a Loan product called a bridge loan with rehab.
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4 April 2024 | 38 replies
I wrote a piece on it a while ago you might find helpful: https://www.biggerpockets.com/blog/2014-12-23-investing-out-...And it would be worth picking up David Greene's book: https://store.biggerpockets.com/products/long-distance-real-...
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4 April 2024 | 42 replies
The key difference between a tenant and a customer is the product is rented, not purchased, and it is always real estate.
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2 April 2024 | 5 replies
If you're buying a primary residence, you'll likely be getting a rate in the 5-7% range depending on loan product, and whether you buy down the rate or not (think tax benefits).
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3 April 2024 | 83 replies
The product I turn out is going to be, without question, peerless in its price range.
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1 April 2024 | 5 replies
I'd appreciate hearing your thoughts and any product recommendations you may have.Thank you in advance for your input!