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29 June 2018 | 13 replies
I starting in REI in February 2018 when I turned my previous primary residence into a rental and became a landlord and soon after bought a turn key rental in Bossier City, Louisiana.
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27 June 2018 | 1 reply
I have found the following to be true from banks lending money for investment properties....1) Loan term will be 20-25 years (not the 30 years most personal residences are able to receive)2) Interest rate is 1% ish higher than personal property loans3) Down payment requirements are between 25%-30%You can probably see where I'm going with this.
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6 July 2018 | 4 replies
You have to be Accredited to invest in DSTs by the way - $1m net worth excluding your personal residence or alternatively you meet certain income requirements.
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4 July 2018 | 13 replies
Of this about 60% is for the resident managers and their payroll taxes.
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3 July 2018 | 0 replies
Ok guys I need some insight before I go insane ..On my personal residence I recently did a construction loan for a large addition and had a lot of work done .the contractor has been paid through the bank on five different draws according to what he’s done he’s a small outfit so we’ve been very lenient and the inspector from the bank seem to be as well because he ( contractor) would not always complete the work in the draw outline .
3 July 2018 | 9 replies
I've also been told it's difficult to do a heloc if it's not your primary residence.
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4 July 2018 | 9 replies
W 61.34 effectively stops investors from working directly with owner-occupied and/or primary residences who are in foreclosure or may go into foreclosure.
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11 July 2018 | 10 replies
But, Texas requires that I be a resident of that state in order to get a Texas license.
4 July 2018 | 0 replies
However i'm not a resident or citizen of the USA so would this be possible through setting up an LLC and still living abroad and doing any related work remotely, or would an E2 visa be the best option. or would it not be possible at all?
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6 July 2018 | 4 replies
We plan to rent out our now primary residence and live and fix up this other home.Is it a bad idea to shop for refinance and pick the best deal or will most be equal.