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22 August 2024 | 2 replies
FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.
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22 August 2024 | 5 replies
However, if you don’t have an issue making the monthly payments without the buydown then probably just Stick to getting your closing costs covered.
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21 August 2024 | 15 replies
Make sure it covers the same things when she is in residence.I guess the bottom line is to see if the juice is worth the squeeze here.
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21 August 2024 | 5 replies
Now you can be in a situation where the property's income isn't covering the expenses - which puts you in a bind to be able to pay your bills and keep your properties running.
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22 August 2024 | 16 replies
With the amount of load required to participate in a DST, and the high risk of the DST asset not appreciating to cover that load, is it more logical to cash out and traditional invest that capital?
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21 August 2024 | 9 replies
Otherwise, yes the fabric and construction of this as a floor covering is decent.
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23 August 2024 | 22 replies
@Keith CuddebackIn addition to the methods already mentioned for finding the outstanding loan balance of the primary mortgage, you'll also likely want to determine if there are any other loans/liens attached to the property that the seller will need to cover/pay off before they could transfer title to you.
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21 August 2024 | 5 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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23 August 2024 | 12 replies
Since the temperature in my area only drops below -5°F twice a year on average, the heat pump effectively covers 99.5% of the heating needs.There is a plethora of combinations that you can achieve using just mini splits.
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21 August 2024 | 4 replies
We also create a management agreement with all the roles and responsibilities to make sure all scenarios are covered and clearly stated.