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22 November 2024 | 15 replies
Utilize VA Loan Guide, BP Calculators, and Contract Templates.Good luck!
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22 November 2024 | 7 replies
He is so ADD I dont know if he really paid attention.2) You can create some training guides I did this for our tenants and I have done some so far for whoever takes my place :) I have uploaded 30 videos haha3) This is actually #1 - figure out more efficient ways to do things!
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20 November 2024 | 15 replies
@Ricky Hernandez As a Realtor with extensive experience, I typically guide buyers through the process.
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21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
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18 November 2024 | 8 replies
On the tax side, I would encourage you to partner with a knowledgeable real estate CPA who can guide you through the transaction to ensure you can meet the qualifications of the STR loophole.
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18 November 2024 | 13 replies
If they say it's a self guided tour with a key code run!
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18 November 2024 | 4 replies
That Investor-Realtor will guide you through the process of getting your first house hack closed.All the best.
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18 November 2024 | 8 replies
That easy question to answer will be a really great litmus test in your due diligence toolbox.If you are evaluating a REIT, it would be wise and prudent to do your homework and select the appropriate professional to guide you.
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17 November 2024 | 5 replies
Don’t hesitate to ask questions as you dive deeper—everyone starts somewhere, and the connections you make here will help guide you along the way!
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15 November 2024 | 3 replies
Just wondering if there are good internet guides out there to help new investors understand steps in renovations and lay out scopes of work and materials needed so we don't miss anything?