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1 January 2023 | 1 reply
My current reserve as is could cover 2.5 months worth of rent but I do have a full time job and am getting rent (not at full occupancy).
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21 December 2022 | 8 replies
Add to that a massive pent-up demand, there was a recipe for doubling and tripling of rates and high occupancy.
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21 December 2022 | 1 reply
Or is it as simple as "if seller cannot provide immediate occupancy at closing, seller will pay buyer $XX/week for up to 2 weeks after closing to provide adequate time to vacate the house" Thanks!
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2 January 2023 | 29 replies
FNMA allows transfer of deed to LLC if mortgage originated after June 1, 2016 and original borrower owns a majority interest in the LLC and any 12 months of owner-occupancy is first met. https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Part-D-Providing-Solutions-to-a-Borrower/Subpart-D1-Assisting-the-Borrower-with-Property-Related/Chapter-D1-4-Transfers-of-Ownership/Section-D1-4-1-Information-Relating-to-Transfers-of-Owner/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer/1041300841/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer-09-09-2020.htm
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4 January 2023 | 17 replies
As for occupancy the plan for today is to research that on mashvisor or airdna.
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31 December 2022 | 21 replies
Further, our Rental Agreements are between our company as LL, and all adult occupants.
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29 December 2022 | 3 replies
My girlfriend purchased her duplex via FHA back in September 2021 and her owner occupancy requirement has ended.
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2 January 2023 | 13 replies
Great to meet you all 👍🏽 You're local to a great market so id recommend getting an owner occupant 2-4 unit!
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3 January 2023 | 19 replies
.), and then, as soon as I was old enough to qualify for a mortgage (and had the money), I'd house hack a property every 12 months until I hit my limit of owner-occupant mortgages (usually 10).In my opinion, house hacking a single fam or small multifam property is the single best way for people to get started in real estate investing--especially for a young adult.Why?
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5 January 2023 | 14 replies
Basically tier 3 and tier 4 on non-owner occupied high occupancy strs (not restricted in number of days to be rented in a year).