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14 January 2025 | 5 replies
Hello I am recently looking to get into real estate however my full time job doesn't allow me the time to focus on this career.
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7 February 2025 | 14 replies
Regulations in Nashville allow owner occupied STRs if you are truly an owner occupant.
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7 January 2025 | 5 replies
None of those types of loans allow LLCs, therefore, that lawyer is incorrect.
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28 January 2025 | 7 replies
With current interest rates, and they are at least 1% higher with potentially additional points for non owner occupied property, it is hard to find properties that will allow for positive cash flow after paying the mortgage, if you are looking for money for the down payment from a private lender, those are normally at higher than market and I am not sure it would be possible to pay it off.... please remember you need to take into account that you may not have a tenant for a certain amount of time, a tenant may stop paying rent, or you will have a big ticket item to fix, so I would wait if I were you and save to have enough for the down payment and closing costs and perhaps some money set aside for repairs. you also want to make sure that you have your own emergency fund outside of the money needed for the investment property because life happens ....
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24 January 2025 | 10 replies
Yes you can use commission as sourced funds for down payment on a conventional loan.However some lenders have internal overlays that don't allow it.
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17 January 2025 | 19 replies
I’m allowed to help someone out if I want to do so.
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18 January 2025 | 16 replies
Then, a guest got called out for sneaking in 4 dogs (we only allow 2).
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21 January 2025 | 10 replies
This allows you to see exactly what work is being done and evaluate whether the pricing makes sense.
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12 January 2025 | 8 replies
The voters in Red States would never allow a national rent control.
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13 January 2025 | 11 replies
If the law allows, I will sometimes move the personal items to storage, which is much cheaper than lost rent, so I can clean up the rental and find a new tenant.