Prior to leveraging, we would model the condos to see if the new debt would result in positive or negative cash flow for the condo. 

For FHA, the underwriting guide says 75% of the lesser of A.) the leases/rental agreement or B.) the appraisal comp rent schedule.

You are dealing with a real estate transaction and there is a lot of liability and exposure, especially for the inexperienced.

The oener finaning option.

It’s all about surrounding yourself with like-minded people who have the same goals, and you’re definitely in the right place with BP for that.

Looking to connect with people in the Boston area!

I have often seen many people love the idea of building, but once they figure out the cost, those ideas change.For reference, here in Chicago, you can expect new builds to be between $200-$275/SF depending on MANY factors...that's just a very rough ballpark!

My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse.  

He came to me to help him find someone. here is rundownhome - 650k1st -160k2nd-90kself employed (appraiser)bank statements -130k credit 690also has a rental value 230k1st -45khe was trying to do a Hometap on OOC but didn't fly due to a small balloon on the end of his 1st mtg.

How is everyone coping with the new law?