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2 July 2024 | 11 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.
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3 July 2024 | 3 replies
Alternatively, look into renovation-specific loans like the Fannie Mae HomeStyle Renovation or FHA 203K loans as standalone products for rehab costs.FHA 203K LoanPros:Low Down Payment & Bundled Costs: This loan simplifies the process by combining the purchase and rehab costs into one mortgage.Cons:Interest Rate & Refinance Requirement: Higher interest rates and the need for refinancing could reduce your overall return on investment.Fannie Mae HomeStyle Renovation LoanPros:Bundled Costs: Like the FHA 203K, this loan combines purchase and renovation costs, simplifying the process.Cons:Interest Rate & Refinance Requirement: Similar to the FHA 203K loan, the need for refinancing to extract equity and convert to an investment property might add to your costs.I am a loan officer so I have some expertise in this area.
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3 July 2024 | 6 replies
So I think pivoting can be the right move.Florida is a very pricey market, I looked at a few markets around T.B. 80k will not stretch a long way in those markets and I near that the permitting process can be a nightmare.
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4 July 2024 | 14 replies
You can also accomplish some of the same functions for your Series LLC by implementing an Agent Trust.The Land Trust is an inter vivos trust, an estate planning tool, and so they are created to synergize with your living trust.
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2 July 2024 | 4 replies
Just make sure you know how your going to setup your take-out/permanent financing before you start this process as cashout refi's for conventional have seasoning requirements now and delayed financing has rules and timelines as well.
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4 July 2024 | 11 replies
I am trying to learn as much as possible now with a plan to buy an investment property sometime in the next 12 months.
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3 July 2024 | 4 replies
I joined Bigger Pockets because I plan to House Hack a Duplex in Missouri.
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2 July 2024 | 4 replies
Im planning on making my garage a 1 Bed/ 1Bath.
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2 July 2024 | 1 reply
I am planning to rent out my unit in a mixed-use building.
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1 July 2024 | 6 replies
It is a process, the first piece is to charge an application fee.