Achieved a rental rate stronger than i initially anticipated, and it was rented 3 days after being listed.

Achieved a rental rate stronger than i initially anticipated, and it was rented 3 days after being listed.

Listing your father in law as the builder will not tie him to the loan.

This might be due to subsidy or assistance programs where payments are deferred or not required under certain circumstances.Verify Loan Terms:Contact the lender or servicer handling the HUD loans to get a clear understanding of the terms, especially regarding interest, payments, and any special conditions tied to these loans.Consult a Real Estate AttorneyGiven the complexity of dealing with multiple HUD loans and the potential implications for your “subject to” deal, consulting a real estate attorney or a knowledgeable real estate professional is highly recommended.

Do you go to stores around there all the time, have friends in the area, have other ties to the area?

The result is a stronger financial position and more flexibility in managing the property.

And while travel is going to be expensive for any property, if you only have one in a market, the concept is the same with less rent: that $2,000 flight/hotel/rental car food for a one night visit, ties up a lot more of your gross when that gross is much lower. 

My recommendation is if you don’t have the means to get your first deal, find a commission based sales job where your income is tied to your production.

Simply put, another weak report would greatly increase expectations for a 0.50% Fed rate cut whereas a stronger report would all but guarantee a 0.25% cut.

Just something to consider so you don’t have money tied up you could use for another project.