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23 August 2024 | 2 replies
This could be an individual person willing to give you money, or a private bank, or an organization or business of some sort.The long answer is much longer and if you're interested in diving into the topic here's a few resources I can recommend:These are two great books (also available as audio books and e-books) that go over the fundamentals of what private lending are, what it means to raise capital, how to find deals to buy with private capital, and a lot more.
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22 August 2024 | 2 replies
FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.
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22 August 2024 | 2 replies
However, you could still make the property eligible by renting it out for a period before selling.
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22 August 2024 | 6 replies
Another kicker is to create a Tax Exempt account (if eligible).
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21 August 2024 | 2 replies
Just talk with a loan officer or account executive first so you know what is eligible for them.
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26 August 2024 | 24 replies
This market is forcing a lot of investors back to fundamentals.
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18 August 2024 | 3 replies
HelloWe've had great success on our two SFH long term rental properties, and one of the parts that I really enjoy in this endeavor has been the deal analysis. I've enjoyed creating and tweaking our own analysis tool ...
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21 August 2024 | 8 replies
Most condos that are zoned for STRs in the Branson market are primarily owned by investors or are condotels, so they aren't warrantable and therefore aren't eligible for conventional loans.
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22 August 2024 | 13 replies
Let's just ignore the fundamentals of the real estate and/or negotiating a good basis in property we purchase and focus solely on how we can acquire real estate without any of our own money.
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21 August 2024 | 7 replies
I am in Portland as well it can be a hair tricky to manage there are some rules about asking tenants to leave there are also limits on rent increases see below: https://www.portland.gov/phb/rental-services/renter-relocation-assistance#toc-when-is-a-renter-eligible-for-relocation-assistance-Have you already purchased the property?