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4 August 2024 | 1 reply
The house would be our primary home and would rent out the mobile home.
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5 August 2024 | 21 replies
Anything worth buying would be $200k+ with most rent in the area going for $1,000 per month.
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1 August 2024 | 9 replies
I’m now contemplating just keeping it and renting it.
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4 August 2024 | 1 reply
What's at risk is it may not cash flow and renting is not so common in South Jersey, but I would feel more comfortable investing in a good area where schools are decent to good, and tenants are likely to care more.
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31 July 2024 | 2 replies
However, the house is not selling, having me consider more than once to rent it out, tap into my equity, and purchase a fixer-upper triplex in another part of town (where I would also live).
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1 August 2024 | 10 replies
I will probably sell at that point rather than keep and rent out, so I can put the proceeds towards a down payment.
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7 August 2024 | 27 replies
If you are open to the idea of renting out your current house and moving somewhere else, then you can look into primary residence financing such as FHA loans which allow for 3.5% down payment options.
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1 August 2024 | 2 replies
I have been working full-time RE, BRRRR method on single-family homes in my local area for the past 4 years. 22 homes completed- (2 sold) 20 long term rented.
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1 August 2024 | 2 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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5 August 2024 | 15 replies
The current sellers are open to living in the current home we will be buying for up to 6 months and can pay me rent during that time (like a leaseback) , can I combine that with a bridge loan for (6-8) months to get me past that period.id assume my loan wouldn’t be the same rate as no longer could it be for a primary residence as they’d still be living in it.If i purchase the home and do a lease back for 6 months to the new hluse they are building is finished would I even need a bridge loan?