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7 July 2024 | 14 replies
A second / vacation home is eligible for financing up to 90% of the sales price.
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7 July 2024 | 12 replies
As I understand it, if you have a VA loan you are not eligible for another until the first is paid off.
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7 July 2024 | 4 replies
If you have access to VA/DoD eBenefits you can get a certificate of eligibility (COE) to help you figure out how much purchase power you have left on your VA Home Benefit.
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7 July 2024 | 11 replies
I have the certificate of eligibility.
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7 July 2024 | 11 replies
If you go to vrmco.com and go to the VA owned properties, the site will indicate whether the listing is eligible for vendee financing.
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7 July 2024 | 10 replies
My boyfriend has his certificate of eligibility for a VA home loan, and the building meets these requirements exactly.
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8 July 2024 | 22 replies
Fannie Mae's guidelines verbatim are as follows:Must be occupied by the borrower for some portion of the yearMust be suitable for year round occupancyBorrower must have exclusive control over the propertyMust not be rental property or a timeshare arrangement (this has the following disclaimer in the guidelines: If the lender identifies rental income from the property, the loan is eligible for delivery as a second home as long as the income is not used for qualifying purposes, and all other requirements for second homes are met (including the occupancy requirement above).Cannot be subject to any agreements that give a management firm control over the OCCUPANCY of the propertyThis means that as long as you intend to occupy the property some portion of the year, you could absolutely rent it while you are not using it.
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7 July 2024 | 89 replies
Unfortunately cash flow and unit count are the two metrics most are taught to chase which leads to buying in the lowest barrier markets lacking any fundamentals that are indicative of creating any true net worth or gains (with limited exceptions).
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10 July 2024 | 87 replies
It's very close to what other agent models are and it's for simple fact there is no ready way to make big cut's to those fundamental expenses without suffering major risk or loss of service.
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6 July 2024 | 5 replies
.- Target desirable areas: Research neighborhoods with strong fundamentals, good schools, and amenities that attract buyers.- Stay informed: Keep a close eye on market trends, interest rates, and local economic factors that could impact your investmentsI also lend on fix and flip projects so let me know if you're looking to get an additional quote for your next flip!