Lenders (maybe even the state), wanted to give locals a chance to purchase their home.I dont see a problem with investors needing to come in with 20% down.

Since 2020 we've been selling these units to individuals and organizations that may buy from 1 to 5-6 units each, but currently trying to expand our business.Given the interest rates for financing these types of structures and how much landlords are charging (for both short-term and long-term rentals), I found that the net income is way higher than the average mortgage payment, so basically it's free money.I've been thinking it'd be a good idea to partner up with a real estate developer to develop a mobile park.

Look for the type of contractor you need.

In certain states where termites are an issue, you should include $150-$200 yearly for renewing your termite report in your underwriting.While some may read these points and say "duh, you didn´t know that", this is meant for those who want to gather as much info as possible before deciding on a deal.Happy investing to you all.

You need to figure out what code applies in the locale you're targeting. 

All they need is balance sheet & income statement to do the tax returns. 

A real estate professional can use real estate losses to offset W-2 or other income, but you would need to meet both the:1.750-hour rule – You must spend at least 750 hours per year in real estate activities.2.50% rule – More than 50% of your working time must be spent on real estate.Since both of you have W-2 jobs, it might be difficult to meet these requirements unless one of you dedicates significant time to real estate.Another option could be buying multiple rental properties.

So much so that I went back to my roots, Somalia, Mogadishu.

Let me know if you need a few.

Hello,If I purchased a SFH with an investment loan (i.e. not primary home loan), and it's been over 2 years since I got the loan can I transfer the loan (presumably the buyer needs to go through all the same loan due diligence from lender) to a buyer that will use the home as their primary or secondary home?