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16 December 2024 | 5 replies
However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.
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19 December 2024 | 37 replies
Statement:I'm 1 of dozens of partners involved in a transaction at any given time.
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17 December 2024 | 4 replies
They should have a process for this that will likely involve probate.
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17 December 2024 | 8 replies
Like anything involving holding of funds, your client should do his own due diligence and you should refer several to him if you are going to refer any.
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18 December 2024 | 3 replies
With all six lots in walking distance of the Eisenhower Avenue Metro, the major government employers listed above, and Caryle Crossings, as well as The Foundry (another mixed-use development), the Alexandria Planning Development Division Chief Rob Kerns, described these 6 lot developments as the "next logical step" in the cities effort to further densify the area.
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8 December 2024 | 6 replies
I live 800 miles from my property and I need to furnish it soon. How do I go about ordering furniture online in a way that all the furniture arrives on the same day? If I order from different websites then I’m assumin...
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13 December 2024 | 32 replies
I also got involved with a builder in Florida who has yet to produce the first of three houses they're contracted to build, which was a major hit to my available funds as well, setting me further behind.I also figured if I fell a little behind in saving (18 months instead of 12 months for example), I'd still be making progress.
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12 December 2024 | 0 replies
In that situation I purchased a SF property 4 hours away from me this year as a fix-n-flip and to test the hypothesis that long distance fix-n-flips could be viable investments.
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13 December 2024 | 22 replies
Hey Sushil, don't let distance stop you from building wealth.
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14 December 2024 | 6 replies
Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.