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15 March 2024 | 17 replies
Based on what you are interested in, have you considered purchasing a primary residence that needs updating/renovating?
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14 March 2024 | 24 replies
. - In Bandon, rarely do eligible vacation rental properties come to market a qualifying is based on a specific zone and saturation rate of actively neighboring properties.
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14 March 2024 | 7 replies
Here area a few other methods that are slower, but still viable for strategically using your primary residence.
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13 March 2024 | 9 replies
One advantage you'll have over people doing a regular FHA purchase loan (non 203k FHA rehab loan) is that when you go towards purchasing a 3-4 unit property and have to deal with " FHA Self Sufficiency," Rule you'll be able to use future market rents that are appraised on with after repair rents (way higher than your acquisition rents probably).This makes it easier to make your FHA loan qualify especially if you buy a good deal that has big rental income upside (your proforma future rents are way higher than your acquisition entry rents).FHA SS rule is required to qualify a FHA loan when its a 3-4 unit property, this doesnt apply to 1-2 unit FHA loans.Even on 203k FHA loans you'll need to meet FHA SS rules (3-4 unit applies to).
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15 March 2024 | 17 replies
I feel ya, but if you have a good/trusted PM let them advise you and do their job.If God forbid such an accident happened, everyone (Landlord, PM and insurer) would be involved or "at fault" and it could get messy so there is some liability there.All residents must be on the lease and if they are not (As long as stated on your lease), you would have grounds to evict.All the best
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12 March 2024 | 2 replies
All,I own a 4 bed 2 bath single-story single family home in the Sacramento area—this I have rented for the last few years. Since I am not a real estate agent, I couldn't use the asset depreciation (QBI) as this is con...
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13 March 2024 | 6 replies
the bankruptcy could be tricky but happy to see you are willing to do a low LTV. that will def improve your chances of qualifying.
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12 March 2024 | 4 replies
After they passed the first step of his vetting process.He request that everybody that he is going to rent to be present at their current place of residence.
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13 March 2024 | 3 replies
We help investors to fund their deals, and making sure they have sufficient runway to qualify for multiple deals.
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13 March 2024 | 4 replies
The answer is every penny they can possibly recover from you including your rental properties which are not protected the same way a primary residence is.