I have a situation where a person I know is moving out of the country and would be looking to put their home for sale in the summer.

He told me to call in sick and come to the training lol but then he handed me his personal copy of the phone script that he had been using during his presentation.

Thanks, Jim Rice in person or online?

The GSEs, Fannie Mae and Freddie Mac, both allow the use of foreign income under certain circumstances.In the personal tax returns provided by a borrower, you may see an IRS Form 2555, which identifies the foreign earned income.

i think this is a decision only you can make. im in a similar boat (house hacking my primary) and considering renting the whole thing out to get a solo home for myself. certainly a lot of appeal in that, given how much work goes into the house hack. but whether or not the numbers on cash flow align is up to you. personally i dont think $150 (seems like about 12%?)

That is a great post, and I'd love to follow up and see how things went for my own personal knowledge. 

There are conditions that must be met.Also, I believe the taxes are higher in Richland County than Lexington County, but I don't like there, so I don't have personal experience with that.

I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

I personally would not invest in detroit as historically its not a appreciating market and for cash flow and I invest primarily for appreciation - I go off the location location location mantra. 

I financed the acquisition of the land with personal and private money.