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7 June 2024 | 4 replies
This might entail buying a single-family home with rental potential and living in one area while renting out the other units, or it could entail buying a multifamily property and living in one apartment while renting out the others.Financing Options: Look into traditional mortgages, FHA loans (for home hacking), and other inventive financing techniques.
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4 June 2024 | 2 replies
The client cup of tea is loan assumptions with value add.
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7 June 2024 | 19 replies
If you have less capital, you can bring those skills to the table in a partnership and attract financing from others.If you're a veteran, the best strategy is to do a house hack with a VA loan.
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8 June 2024 | 37 replies
Typically there are no loans....all cash, same day.If you can withstand the headaches and risks, I do see a few people killing it with rent-by-the-room.
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7 June 2024 | 1 reply
However just know that you wont be eligible for most residential loans if you decide to put it under an LLC assuming your needing funding.
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5 June 2024 | 4 replies
but not water and sewer or IRS (those will fall off after 6 months I believe) HOA should fall off, May need to pay 6mo back dues depending on their covenant easier to work with them.Live Auctions you won't get any kind of title insurance, Online only auctions are really REO sales.
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4 June 2024 | 0 replies
These loans often have interest-only payment options, meaning you only pay the interest for the duration of the loan or a shorter period based on the market conditions.
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7 June 2024 | 3 replies
The second property would need to be under a loan product other than a primary conventional.Appreciate it!
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6 June 2024 | 7 replies
However, I only plan on staying in the property for one or two years before moving to a new home.Do I have to live in the property for the entire loan term (i.e. 30 years), else have my loan revoked?
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6 June 2024 | 13 replies
Do y’all have any recommendations for lenders that offer good loan parameters.