Reserves!

Loan terms are 30 years fixed and there are 10 year IO options available.Lenders will require a Passport, Verification of Residence (Mortgage Statement, Utility Bill, etc..), Either a US credit report or credit trade line history in your country of origin, US Entity documents (EIN, Operating Agreement, Articles of Organization,), 2 months bank statements for proof of closing, and 6-12 months reserves on top of closing costs and DP. 

Anybody here that reserves a townhouse In Palm Bay with D32 Invest builder in Florida for about a year and then they jack up the price by 25% basically taking away all the appreciation?

Treat leads and residents well, and you'll do great. 

That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.

Contact me if you'd like a lender recommendation.On top of the MACU loan, you can buy a STR as a second residence which only requires 10% down as well.  

This maximum rate is determined by adding 2.50 percentage points to the yield rate on long-term government bonds as published by the Federal Reserve Board or the United States Treasury, or both.

Based on the tenor of your posts, I've got to ask - do you have your primary residence squared away?

Additionally I want to keep reserves for small cosmetic Renovations as needed.

Is our primary residence and is a long term live in flip. $490k mortgage.