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18 February 2025 | 7 replies
If you don't have a US-based bank account, I would get one as that's a requirement by most lenders.
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11 February 2025 | 7 replies
However, The requirement for single adu seems seldom enforced on duplex if it stays below 5 units.
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24 February 2025 | 2 replies
That is why a lot builders buy a few of their own homes and pay "all cash" after they are built to establish sold comps and set the market.If you have any questions feel free to reach out it can be tough trying to figure out the first few steps and what is required.
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22 January 2025 | 5 replies
The US taxes global income which dramatically increases the reporting requirements.
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12 February 2025 | 4 replies
If the LLC owns a property in a different state, most of the time, the other state will require you register your LLC as a foreign LLC.
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27 February 2025 | 4 replies
Not my style – Some landlords believe requiring tenants to bring appliances keeps them in place longer, but I’m not a fan of that mindset.Early on, I tried supplying used appliances to strike a balance, but every single one broke within two years.
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17 February 2025 | 0 replies
I do have a quality builder that could facilitate the build but not required for JV.Is this enough to bring to the table?
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21 February 2025 | 1 reply
As for holding periods, some lenders may require you to occupy the property for a short time before converting it to a rental (typically 6-12 months), so check the fine print on that.If you’re set on making it an investment property, you may need to work with a lender who specializes in investment properties, even if it means a slightly higher rate.
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11 February 2025 | 4 replies
The agencies require all properties be - on average - 90% occupied over the prior 90 days (IE - the property needs to be 90% occupied on average over the trailing 3-months leading into quote / commitment).
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13 February 2025 | 13 replies
In addition to a voucher, we require that the tenant be able to show income at least 1.5 time the monthly rent, as opposed to our regular tenants who must show 3.5 time monthly rent.