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19 July 2024 | 13 replies
Considering your goal of house hacking a duplex, while FHA loans are common for first-timers, there are alternative financing options to explore:Conventional Loans: Need more credit and down payment, but offer flexibility. 203K Loans: Ideal for fixer-upper duplexes, bundling purchase and renovation costs.VA Loans: Great for vets—no down payment, competitive rates, and no mortgage insurance.Portfolio Loans: Private lenders, good for unconventional income or credit histories.Hard Money Loans: Quick, high-interest, good for investments or major renovations.With $30,000, mix it up—use it for a down payment, maybe pair with a conventional or FHA loan.
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20 July 2024 | 8 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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19 July 2024 | 4 replies
When using the Fannie/Freddie/Federal Home Loan Bank second home occupancy loan and you transfer title within the first year to an LLC that the borrower is majority owner of it will not trigger the due on sale clause as long as you can attest that it will continue to be a second home.
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19 July 2024 | 100 replies
Providing personal access is defined as a ministerial act.
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19 July 2024 | 5 replies
I specialize in bridging the gap between national & international investors and builders...basically, providing a turn-key process for identifying, purchasing, & managing cash-flowing properties.
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19 July 2024 | 7 replies
You’ll need a new loan for that $450k+ I don’t see why the IRS would care if the investor reloaned it to you.
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19 July 2024 | 0 replies
I am thinking normal utilities being provided in a communal fashion similar to many pitch your tent campgrounds.
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20 July 2024 | 8 replies
Their machine learning capabilities can automate tasks, score leads, and even provide sales forecasting, giving you valuable insights to optimize your sales process.
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19 July 2024 | 11 replies
Let's say I house hack by putting 3.5% down through an FHA loan.
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19 July 2024 | 4 replies
Hi All,I have a few SFH’s which don’t cash flow so much, but I have a great 30 year fixed loan with a low rate on them.