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7 October 2024 | 5 replies
Assuming primary, max DTI is typically anywhere between 43-49.9% contingent on factors like zip code, program, FICO, etc.
7 October 2024 | 10 replies
The intent of FHA was to promote primary residence home ownership not investing portfolio building so they put this rule into place.100 Mile rule basically says that you cannot use rental income offset from a lease agreement on your current house to help you qualify for the next property when using FHA loan to qualify.How do you get around this?
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8 October 2024 | 13 replies
Hello everyone, I am also interested in the Detroit market suburb area with zip codes such as 48221 to buy and hold rental property digging for cash flow and appreciation.
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7 October 2024 | 24 replies
Basically you have to funnel money around to use these accounts for anything other than simply savings.They promoted their move from Blue Ridge Bank to Thread as one that would allow for Bill Pay, but it hasn't happened.
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10 October 2024 | 24 replies
We put a coded lockbox on the door so they can always get in.
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3 October 2024 | 6 replies
Do you lower prices, offer promotions, or focus on longer-term bookings?
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6 October 2024 | 0 replies
However, there are tax code changes every year.
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6 October 2024 | 7 replies
In some areas the FMR is for a whole county in other areas its by zip code.
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7 October 2024 | 5 replies
These are professionals with additional training and a stricter code of ethics.
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5 October 2024 | 1 reply
@Saurabh Kukreja we don't recommend investing via zip codes - too broad of an area.We've mapped out all of Metro Detroit and categorized Cities & Neighborhoods by Class A, B, C, & D.We take assisting investors very seriously, just read below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?