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18 October 2024 | 15 replies
It has stayed occupied with tenants since i purchased, i love how it is completely hands off as well and i don't have to do any management and still get great returns.
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17 October 2024 | 9 replies
It sounds like you will actually occupy the home in Washington for a majority of the year, and then travel to Aspen during ski season.
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18 October 2024 | 1 reply
Typically owner occupied multi families are the best kept.
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20 October 2024 | 6 replies
If you plan to live in this new home for only a year, i would consider paying points to buy your rate down as you will not have access to cheaper owner occupied rates if you are planning to move again.You can consider multifamily properties now!
30 October 2024 | 94 replies
Your first few years will be slow going, even if you BRRR because you also have to occupy your propety for a period of time to get those low down payments.
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30 October 2024 | 236 replies
Second all regs apply to owner occupied residences and NOT commercial or investment property, although in theory it should not matter.
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19 October 2024 | 16 replies
Year 0: $5,000 x (1 + 8%)^0 / (1 + 5%)^0 ≈ $5,000Year 5: $5,000 x (1 + 8%)^5 / (1 + 5%)^5 ≈ $4,325Year 10: $5,000 x (1 + 8%)^10 / (1 + 5%)^10 ≈ $5,756Year 15: $5,000 x (1 + 8%)^15 / (1 + 5%)^15 ≈ $7,629Year 20: $5,000 x (1 + 8%)^20 / (1 + 5%)^20 ≈ $8,783Income reliability is crucial for financial freedom, and it hinges on the tenant occupying your property.
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22 October 2024 | 17 replies
Only caveat I would add is that the OP mentioned that they no longer live in the property which takes owner occupied options like FHA 203(k) off the table.
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18 October 2024 | 3 replies
If we determine that your dwelling should not be occupied because of damage or risk to property, health, or safety, we may, at our option, terminate this lease.
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16 October 2024 | 2 replies
Does the STR have to be owner occupied?