Investment Property: To qualify as a second home: You must occupy it part of the year.

If not, don’t even think of this.No matter what, consult a qualified lending attorney to understand your legal options and ensure you have proper loan documents in place to protect your investment.

Please feel free To ask any questions about these scenarios.Wanting to buy now but you need to sell your house firstWanting to buy now but you need to save up for a down payment Willing to do work to increase the value of the house but you can still buy it for the contracted price.You think the value will go up and you want to control the house with only a a little bit money.Your credit is too low to qualify for a loan right now.

Just curios, have you connected with a lender and are set up and pre qualified to start buying?

We don't qualify for a conventional loan.We bought our first rental with a DSCR loan with 25% down and interest rate of 7.5%.

From the financing side, condos are difficult to finance as a qualified mortgage, because there are so many variables with the HOA and the fees, especially in Florida since the collapse of the condo in Surfside and the new Condo 3.0 safety laws were passed. 

Many of these platforms use AI to generate leads, which means:You can’t be 100% sure if the leads are truly motivated.Some leads may not be fresh or could have been contacted multiple times.You might be competing with others who got the same lead.If you want fresh, exclusive, and fully qualified leads, cold calling with a VA or a VA agency is a strong alternative.

If you are a veteran and you can qualify, you can take over another veterans loan as an assumable mortgage.

The lender isn't going to release him from the loan until the loan is paid off or unless she qualifies for the assumption.

And I'm really not even sure how to verify their income because I'm not sure how much of the rent they are responsible for yet.My question is, let's say I have a perfectly qualified non section 8 Applicant make it through the entire process and submit a deposit to hold before the section 8 applicant gets all the appropriate documentation submitted.