Managing multiple properties does come with its own set of challenges, like juggling different maintenance issues, taxes, and possibly even varying market conditions if they're not all in the same area.Here's where your financial goals come into play: Are you looking for a more hands-on investment with potentially higher cash flow from the get-go?

If not FHA, you could use it for your next purchase and the owner occupancy requirement is 1 year, not 2 as you mentioned.

Open to developing the land myself, but in most cases that would require finding a partner, so I'm prioritizing zero-to-low cost options.Recent fee appraisal puts value around $140k.

I would say you are off to a good start just by showing interest and enthusiasm for the investment business.o Age: many private lenders require someone to be 21+ years of age.

Hi All,Section 8 (and other entities) understandably require a W9.

Also, some banks I've talked to require 30% of the balance to be held in their account.

It required MAJOR renovating which cost quite a lot of money.

There are some things that can cause issues with your upfront approval or end up causing a denial in or during underwriting that an unexperienced loan officer will not know or catch.One big thing to keep in mind is when you are buying more REI the guide lines require more assets and PITI reserves and a HELOC can "Never" act as an asset or PITI reserves.

Does anyone know if you can refinance a NACA loan after a year without having to pay the 25k lien put on the property and also doe that release you from the occupancy requirement?

I require my tenants to provide a 30-day notice regardless if they are terminating during or after the initial lease term.