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8 July 2024 | 16 replies
Given the fact that it is possible to get stationed at the same base sometime in the future during what could be a 20,30, or even 40 year career some decide to keep the property.
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8 July 2024 | 22 replies
Fannie Mae's guidelines verbatim are as follows:Must be occupied by the borrower for some portion of the yearMust be suitable for year round occupancyBorrower must have exclusive control over the propertyMust not be rental property or a timeshare arrangement (this has the following disclaimer in the guidelines: If the lender identifies rental income from the property, the loan is eligible for delivery as a second home as long as the income is not used for qualifying purposes, and all other requirements for second homes are met (including the occupancy requirement above).Cannot be subject to any agreements that give a management firm control over the OCCUPANCY of the propertyThis means that as long as you intend to occupy the property some portion of the year, you could absolutely rent it while you are not using it.
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7 July 2024 | 2 replies
over the past 7 years I’ve had dealt with countless of bad contractors, several incidents with occupants of the neighborhood that the property is in ( once I walked in on squatters and got into a physical confrontation) , and of course the relentless pursuit of hungry investors calling me and any family member that tracing programs associates with me about wanting to buy my property all while dealing with a career/industry change and finishing college during a pandemic 😮💨.so here I am recent graduate ready to finally devote the majority of my focus to getting over my newbie investor hill.
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6 July 2024 | 5 replies
This could provide more opportunities for investors to find suitable properties for flipping.- Interest rate fluctuations: Mortgage rates are predicted to decline, potentially dropping to around 6% by the end of 2024.
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9 July 2024 | 27 replies
If I had to rely only on written terms as a means of deal building, I wouldn’t have had a successful sales career.
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7 July 2024 | 5 replies
I am an ambitious retired network engineer who started that career after closing down my first business which was in the automobile industry، sooner later I developed an interest in investing in my property and other ones by using Airbnb. it was a really funny story to begin but you know that after one year I would be managing 33 luxury apartments distributed across one of the fastest growing communities in my country.
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8 July 2024 | 9 replies
One of the get things about the VA Loan is you can hold a property for up to 15 years without doing a 1031 and purchase small multifamily, which will kick start your investing career.
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9 July 2024 | 8 replies
And, yes, if you've decided to make your career in US real estate, I'm not suggesting you should necessarily abandon ship (although again some diversification might not hurt) and you might as well capitalize on all the knowledge and connections you have gained over time.
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6 July 2024 | 0 replies
My vision is to not be stuck behind the desks for the majority of my career.
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6 July 2024 | 16 replies
There are properties I wished I kept but needed to sell at the time, (especially in the beginning of my investing career) and vice versa.