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3 February 2025 | 7 replies
I would say the biggest thing I would do is focus on finding bigger cash-flow markets known for great rents and try to see if that works.
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24 January 2025 | 6 replies
Are you focusing on adding them in the general PHX area?
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17 January 2025 | 2 replies
For existing properties, you must make substantial improvements (equal to the property’s value, excluding land) within 30 months.Ensure the duplex qualifies as an OZ investment and complies with QOF rules.
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13 January 2025 | 5 replies
Here's how they break down:Fannie Mae HomestyleMinimum Down Payment: 3%-5% (Primary Residence) & 20% Down (Investment/Second Home)Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: Per County Loan LimitsOccupancy Types: Primary Residence, Second Homes, and Investment PropertiesUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements (e.g., new roofing, foundation repairs)-Cosmetic Enhancements (e.g., new flooring, updated bathroom/kitchen fixtures)-Energy Efficiency Upgrades (e.g., solar panels)-Accessibility Modifications (e.g., ramps, widened doorways)-Luxury Items (e.g., pool)-LandscapingNot Acceptable Renovations:-Commercial Use (e.g., turning a residential property into a commercial property)-Temporary Structures-Non-Residential Buildings (e.g., barns, stables)FHA 203(k)Minimum Down Payment: 3.5%Minimum Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: $524,225Occupancy Types: Primary Residence ONLYUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements/Reconstruction (e.g., adding rooms, bathrooms)-Cosmetic Enhancements-Eliminate Health and Safety Hazards-Energy Efficiency Improvements-Major Landscaping (e.g., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.
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29 January 2025 | 24 replies
Focus on analyzing properties and starting small, like house hacking or buying a single-family home to rent out rooms, while ensuring cash flow and maintaining an emergency fund.
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14 January 2025 | 39 replies
Hey Anthony, our group is really for anyone whose #1 focus is raising more capital.
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28 January 2025 | 19 replies
Here’s a fun way to think about getting your spouse on board: focus on what not to do.Don’t talk about REI every single day.Too much can be overwhelming.
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6 February 2025 | 12 replies
I don't see anything wrong with that approach but there isn’t a complete alignment of interest (the individual who wants to take over all construction services will want to focus on the projects with the greatest construction fee earning potential; the brokers will want to pursue more for-sale projects etc.).
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7 February 2025 | 9 replies
Hello Helena, I would recommend you to focus on the west and north west suburbs, Katy, Cypress and Spring as far as areas.
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6 February 2025 | 12 replies
The investment in the plane ticket and hotel can pay off huge when you are able to find and focus in on a specific area.