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5 December 2024 | 13 replies
You will get to prorate the gain betweens periods of "qualified use" (as your primary) and "non-qualified use" (as investment).
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6 December 2024 | 11 replies
You don't need to "max out" liability to qualify for an umbrella.
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30 December 2024 | 89 replies
Are you aware that a percentage of rent on additional units of MF can be used as income to qualify for the loan?
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7 December 2024 | 17 replies
You will be dealing with low-demographic tenants that qualify for S8 for negative reasons.
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7 December 2024 | 11 replies
My question would be becoming a qualified assisted living operator and the certifications / licensing per your state (For me Texas) to get your property up to code?
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11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
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17 December 2024 | 42 replies
Marie Johnson That has to be bought by a qualified non profit organization, and is only allowed by certain investors/lenders.
7 December 2024 | 4 replies
I’m not able to personally qualify for cash out refinances.I'm looking to sell my home located in Southwest Florida in a HOA community but want to remain in the home to lease- 3 years or more.Does anyone have experience with this type of program or have any suggestions for me on where to look to get this done.
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10 December 2024 | 11 replies
If it is a 4 person LLC that the member with over 21% ownership may qualify to be the only PG.
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6 December 2024 | 12 replies
Most landlord businesses DO qualify as a "trade or business."