Patricia Steiner
Fannie Mae Introduces 5% Down Payment Option for Multifamily Homes; Owner Occupied
2 April 2024 | 10 replies
@Scott BridgehouseUnless the lender stipulates differently in their documents (like VA financing that requires owner occupany for the duration of the mortgage), 'owner occupancy' requires that you move in within 60 days and retain it as your primary residence for 12 months.
Annie Balagot
Help with home sales strategy - What would you do? need advice
3 April 2024 | 8 replies
In this scenario I'd recommend approaching your lender first and getting a bank appraisal on the property to figure out how much $ you technically have to maneuver with.
Bryan Nwokem
What should I do ( FIRST POST)
2 April 2024 | 45 replies
My realtor is also a Lender and we worked out a deal
Kelsey P.
When raising rent on a month-to-month tenant, what document do I need to use?
1 April 2024 | 6 replies
@Kelsey P.Check with your state, you should be able to find what the requirements are for any changes in the lease.30 day notice to vacate is typical for a 30 day lease.I would write up a new lease, give it to your tenant to review and ask them to sign or vacate at the end of the current lease.I wouldn't want any old leases tied to a new lease with an addendum.
Roger West
Ground up financing NJ
2 April 2024 | 7 replies
Can get a ground up construction loan at 50% down on the land and lender will give you 100% of the construction upto 65% ARV .
Bentley Denman
First time home buyer screw up
2 April 2024 | 8 replies
With the right lender, it only takes a couple weeks.Here’s the link for more info: https://www.va.gov/housing-assistance/home-loans/loan-types/...Your current lender may offer this, but check around.I used the VA IRRRL in 2018.I wish you all the best.
Jenifer Garcia
First investment property help
1 April 2024 | 14 replies
Here is a summary of the book.https://www.nateliason.com/notes/long-distance-real-estate-investing-david-greeneThe book also mentions the importance of having a rockstar Realtor, contractor, lender, and property manager.
Meredith Ogden
What should I do with the money I’m about to receive?
2 April 2024 | 10 replies
Short-term vacation rentals involve renting out properties to travelers for short stays, typically through platforms like Airbnb or VRBO.Getting Started: If you're interested in flipping, start by researching local real estate markets, analyzing potential deals, and networking with real estate professionals, contractors, and lenders.
Ketra King
Financing Land Purchase and Construction
1 April 2024 | 6 replies
I’ve read that lenders typically don’t lend on land due to the risks.
Josh Leedy-Andreozzi
[Calc Review] Help me analyze this deal
31 March 2024 | 1 reply
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*This link comes directly from our calculators, based on information input by the member who posted.I have now done several BP Calculations trying to get a familiar. Can anyone check this to see if I have...