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Results (10,000+)
Aaron Dubois Trying to replace my mom's income with short term rental income.
26 June 2024 | 33 replies
Short-term rentals do NOT allow events such as weddings, parties, specialized retreats or any commercial activities.”So make sure your geodomes qualify for STRs.
Scott Everhart Potential Tenant Can Only Pay Rent With Alimony. What Do I Do?
25 June 2024 | 35 replies
Why does she not have a job.I would not accept her unless the ex husband was willing to be a guarantor since her income depends entirely on him paying.If it were me I would be continuing to look for a working applicant that qualified.
Jared Schott Long Term Rental by assuming loan; risky idea?
24 June 2024 | 3 replies
This will be subordinate to the existing FHA loan, but you’ll need to qualify based on your credit score, income, and debt-to-income ratio.Home Equity Line of Credit (HELOC): A HELOC could also be an option, offering flexibility in how you draw and repay funds, though it might come with variable interest rates.Balloon Payment Loan: This type of loan can offer lower initial payments with a large lump sum due at the end of the term.
Tara Montgomery Seller Financing Advice & Feedback
24 June 2024 | 11 replies
It's for a buyer who can't qualify for a traditional mortgage.
Susan Thelen 1031 Exchange Company
24 June 2024 | 4 replies
@Susan Thelen, We are a qualified intermediary for 1031 exchanges. 
AJ Wong FHFA Announces Freddie Mac Pilot to Purchase Second Mortgages of up to $78,277
24 June 2024 | 0 replies
Just recently many mortgage lenders are announcing or launching second positions HELOC's and second mortgages that use bank statement deposits or even DSCR (rental income) on investment properties to qualify
Rolando De la Cruz Who gets to know you are house hacking and who doesn't?
24 June 2024 | 13 replies
The seller's main concern is that you are a qualified buyer who can close the deal.- The lender: when applying for a primary residence mortgage loan, you are typically required to intend to live in the property as your primary residence for at least 12 months.
Chris Carrigan Refinance STR HELOC to conventional
23 June 2024 | 3 replies
The 8 mos isn’t quite long enough to utilize just the STR income to qualify but many lenders allow AirDnA projections to be utilized as the income to qualify.
Carter Buckingham Section 8 / Mobil Homes
23 June 2024 | 2 replies
Is it possible to rent the mobil home to section 8 tenants even if you have to rent the land the mobil home sits on, or does the land have to be sold along with the property for it to qualify?
Marc Shin Anyone have experience with doing a rehab on a long distance property?
25 June 2024 | 20 replies
DON'T trust a 3rd party on the price unless they have a scope of work from someone qualified to do the job to ensure the quote.