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29 February 2024 | 7 replies
Here are some considerations:Higher Initial Investment: Multi-family properties are generally more expensive than single-family homes, requiring a higher down payment and potentially higher financing costs.Management Complexity: Managing multiple tenants, leases, and potential tenant issues can be more complex and time-consuming.Local Market Demand: The demand for multi-family units can vary significantly by location, potentially affecting rental income and property value.If you are more interested in Class A or B properties and have a less cash flow-dependent plan, residential properties can be a simpler place to start.
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29 February 2024 | 22 replies
I would also consider GA, but that market is pretty saturated right now, so it would be hard to really do it effectively in the time frame that a 1031 would require.
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29 February 2024 | 9 replies
These loans will offer the cheapest interest rates, especially if you're going to occupy one yourself.My advice, if you have the downpayment + income to support the loan, speak to a loan officer to review your profile and see if it makes sense before exploring non-conventional methods (more expensive rates & bigger downpayment/reserve requirements).
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29 February 2024 | 4 replies
The reason I bring this up is that changing from a single member LLC to a trust with both you and your Husband could potentially reset your 2 year holding period requirements if you wish to 1031 exchange again in the future.
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29 February 2024 | 10 replies
Plenty of pro's including easy qualification, low documents required for underwriting/processing, and just overall convenience + turnaround time, among other nuances that make it a great loan product.
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29 February 2024 | 2 replies
Borrower does not have records from 2020 any longer and lender is requiring some sort of proof of release.
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29 February 2024 | 7 replies
Curious if the state of NH has any regulations on this type of residency transfer like if Im required to register my vehicle there and get a new drivers license or any other information that needs to be updated with my new "residency".
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29 February 2024 | 6 replies
Getting leads from agents require least amount of initiative and it's a good place to start.
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2 March 2024 | 43 replies
This is assuming you are willing to put in the work that would be required for this.
29 February 2024 | 5 replies
I have been reading Long Distance Real Estate Investing - David Greene, and came across an interesting tidbit of information: Your first 10 (1-4, 5-10) property loans are Fanny Mae insured, after which your loan criteria become more unfavorable (variable rates, stricter credit score requirements etc.).