Jewell Arceneaux
Attention Investors: Scale up starting with FHA
14 December 2024 | 6 replies
Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
So as an example, if the hose sells for 90% of market value then it is doubtful you will get an added 20% on the table with your discount.
Ellen Marshall
Purchasing an Occupied Duplex but want to House Hack
6 December 2024 | 2 replies
Is the house hack strategy off the table?
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
My numbers on that property are good now, although it took a year for me to sort out exactly what we wanted to do with it. 700k duplex, single story, about 2,500 sq ft total building size. 1500 sq ft for the 3 bed/2 bath with pool and 1,000 sq ft 2/1 small private yard on the other.
Robby Sanchez
multi famiy underwriting techniques
6 December 2024 | 6 replies
You'll most likely find your staffing costs to be in the neighborhood of $1,200 to $1,900 per unit per year, depending on property size, class, and market.
Taha Tekreeti
What is the Best ADU Size to Build in El Cajon (Zip Code 92020)?
27 November 2024 | 1 reply
•Which unit size would rent faster and have higher demand in this area?
Drew Slew
Fort Lauderdale 14k downtown parcel + 3 unit
9 December 2024 | 2 replies
Even though it doesnt cashflow well asap, the potential would be its proximity to Las Olas, downtown and the size of the lot, different development options.
Kiril Nikolaev
Anyone have experience converting Duplex to Triplex in Oshawa?
8 December 2024 | 2 replies
Most important is lot size, and basement ceiling height.
Emily And Eric Erickson
STR Areas of Interest in Tucson AZ
7 December 2024 | 25 replies
I ended up buying a SFH home on a nice-sized lot and I am building an ADU on the property.
Josh Madigan
Gatlinburg STR Permit - Large 6br pool cabin - Letter from Fire Marshall
10 December 2024 | 17 replies
Only rental cabins catch on fire and not primary residences.In all honesty, though, I would agree that something that size should be treated more as a commercial property any way and the sprinkler system makes sense to me.