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15 May 2024 | 9 replies
Not sure if you're going FHA or not but I know of a loan product called Home Simple with All Western Mortgage that allows you to make a cash offer to the seller and then refi out with a conventional loan, but my understanding is it requires 5% EMD.
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15 May 2024 | 6 replies
You can also run your STR in your personal name or elect to start a company that operates the STR i.e. branding.If you do not qualify or for some other reason do not want or cannot qualify for conventional financing, you will likely have to go to some sort of DSCR or other business purpose loan route, and they will actually require you to put it into an LLC.
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15 May 2024 | 22 replies
For example if you have 2 prong outlet in a wall and you gut that wall they can require that outlet be brought up to current code AND they could require additional outlets in that wall as well.
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14 May 2024 | 17 replies
We knew we did not comply with the sight distance requirement of 400' in each direction for the location of the curb cut.
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15 May 2024 | 3 replies
Neither of the neighbors have a survey (not required in GA).
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15 May 2024 | 17 replies
This type of financing requires the projected income of the property, determined by a local expert, to sufficiently cover the monthly mortgage debt.
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14 May 2024 | 7 replies
With more availability in her schedule, **** can dedicate ample time and attention to ensuring a smooth transition for both incoming and outgoing tenants.In light of these considerations, we would like to present the following options for lease renewal:Option 1: Current lease term ending on July 31, 2024 with tenants required to vacate at the end of the Lease Term if a new Lease Agreement is not authorized.
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15 May 2024 | 5 replies
The other two options require spending money that is basically going out the door to lots of fees and expenses of exiting your current house and getting into a new one.If you were just looking to move, that is perhaps a different story… If your house isn’t working for you, for instance.
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16 May 2024 | 74 replies
I'm yet to find anything that if a full BRRRR, everything i've bought requires a bit of cash left in the property.
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14 May 2024 | 1 reply
Both VA and FHA loans are assumable, though the process and requirements differ.