You can also try and incorporate a seller concession of up to 3% (with 3.5% down) which can help cover closing costs and reduce the cash needed to close.

However, the home is in an A-class area that is rapidly growing and could prove profitable once the property could be refinanced at a lower rate.

Has anyone worked with a lender who has actually closed an FHA, VA or Conventional Energy Efficient Mortgage?

From closing to being “rent ready”?

This was as smooth sailing as it comes, easy title, easy loan, easy closing.

You have earned income within Georgia and will be responsible for paying state taxes on the income earned within the state.It may also be possible that when you sell the property, that the title company will require withholding done at the time of closing and remit it to the state which you can claim as withholding / tax payment when you file you Georgia non-resident state tax return.Best of luck.

As well as moving from higher cap ex exposure to lower cap ex exposure.Cash flow may go down but when the other components of the IRR go up ( appreciation, depreciation, and amortization of the loan) your IRR goes to the moon and more than offsets any drop in cash flowJust make sure you stress test and can withstand any drop in cash flow.

Some lenders (depending on the number of units) will even require two appraisals..paid whether the loan closes or not.- Reserves.

There are some missing shingles that I was going to have a roofer replace once I closed.

List to Close decreased 3.6% to 80 Percent of Original List Price Received- decreasing 0.2% to 97.8%.