However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

The interest rate is also priced like it's a primary home purchase. 

This is a really well done explanation, especially with the specific examples. 

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5The best protection for you and your investments?

I’m finally wanting to pull the trigger on getting another property, but this time the primary goal of turning the sfr into an Airbnb.

Quote from @Ryan Hakes: @Jay Hinrichs Incidentally I heard about this from an ad on Facebook so came here for explanations and comments as the ad was clearly intentionally ambiguous and designed to put you into a marketing funnel.Incidentally, it's perfectly acceptable to write into an agreement that earnest money shall be due 3-5 banking days after acceptance which is enough time to use your end buyers non-refundable deposit (except for free/clear title).

Hi guys, I posted that hosts should focus on one platform to boost ranking instead of spreading out multiple platforms and I think I owe more explanation since all the seasoned hosts do not agree with me.

The main property will be my primary residence.My biggest question is, what kind of foundation would you use, (that is to code and will pass inspection/permits in Charlottesville) that is either relatively easy DIY or cheap to outsource.

Not sure if you own or rent your primary home, but not all DSCR lenders will lend to first time homebuyers and/or first time investors...just a heads up.

No one in my family really does real estate except for my mom which rents in PR and a couple houses in Dominican Republic but these were things that happened by chance (DR houses were inherited and PR was our primary residence when I was little) ...