14 February 2024 | 8 replies
How does the FHA view co-borrowing situations involving family members, and are there any potential advantages or disadvantages?

14 February 2024 | 1 reply
It’s important to ensure that the borrowed funds are directly used for the acquisition or improvement of the rental property to qualify.Other Considerations:Equity Use: Ensure that the use of equity from Property A for Property B aligns with your long-term investment strategy and does not over-leverage your investments.Loan Terms: Consider the terms of any loan or line of credit carefully, including interest rates, repayment terms, and any potential impact on your cash flow.Conclusion:Leveraging equity from one investment property to purchase another can be a powerful way to expand your real estate portfolio.

14 February 2024 | 8 replies
Candace@Ariella Jacques One potential downside is that when you refi you will only be able to pull out 80% of the market value (so leaving 20% of your cash behind) instead of having the option to put down as little as 5% when you use a loan to purchase.

14 February 2024 | 5 replies
Actually, given the opportunity to generate rental income and the potential for risk reduction via diversification, modest multifamily residences could be a prudent investment.Kindly feel free to ask any specific questions or seek advice before starting your next real estate venture.

14 February 2024 | 28 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

13 February 2024 | 5 replies
Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.Given this situation, what course of action would you recommend?

14 February 2024 | 1 reply
Investors must clearly understand the local real estate market, renovation costs, and potential resale value to succeed with this strategy.REITs StrategyReal Estate Investment Trusts (REITs) are a type of investment that allows investors to purchase shares in a real estate portfolio managed by professionals.

14 February 2024 | 3 replies
Hi Jordan,Considering the purchase of a plot of land in San Diego County, CA, to place a manufactured or modular home, it's clear you're navigating a complicated and potentially rewarding path toward homeownership.

14 February 2024 | 8 replies
If it is around the same price as the mesh I would fill it in and create more yard space instead of a potential safety hazard for kids.

14 February 2024 | 14 replies
If there are too many for the house size it can be difficult to secure financing or potentially sell the property one day