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20 December 2024 | 28 replies
No, meaning that if you had professional support it's likely they helped you set the table for later.This much structure with five properties can be overload and proper planning.
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14 December 2024 | 6 replies
Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.
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8 December 2024 | 2 replies
We use carbon copy in letter size (legal size is just a pain).
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16 December 2024 | 12 replies
The ideal home price for you will depend on: 1) downpayment size 2) risk appetite, 3) preference for more cash flow or appreciation.Given our price points, our investors need to have 35-45K to start, on average.The typical cash-on-cash return on our properties net of loan payments, insurance, taxes, and property management fees is 6-8%.Ultimately, you can obtain financing from any lender, although we have partner lenders that can provide very competitive rates.
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29 November 2024 | 11 replies
It totally depends upon the size of the STR.
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11 December 2024 | 25 replies
I can expand it if i desire, but it minimizes the size of the post.
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16 December 2024 | 13 replies
I'd like to know where the other really big markets are, because one size doesn't always fit all.
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6 December 2024 | 21 replies
Cheap rates and modern tech are great, but none of that matters if they can't actually get you to the closing table.
13 December 2024 | 16 replies
Your best bet for that size will be local banks and credit unions, good luck.
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6 December 2024 | 9 replies
Some of the moves you made are of the logic gamblers use when they're down at a table.