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16 January 2025 | 8 replies
What type of MF properties are you looking to add to your portfolio?
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16 January 2025 | 0 replies
What made you interested in investing in this type of deal?
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31 January 2025 | 24 replies
Personally I'm against these types of programs, especially 5-figure ones.
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13 January 2025 | 5 replies
Here's how they break down:Fannie Mae HomestyleMinimum Down Payment: 3%-5% (Primary Residence) & 20% Down (Investment/Second Home)Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: Per County Loan LimitsOccupancy Types: Primary Residence, Second Homes, and Investment PropertiesUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements (e.g., new roofing, foundation repairs)-Cosmetic Enhancements (e.g., new flooring, updated bathroom/kitchen fixtures)-Energy Efficiency Upgrades (e.g., solar panels)-Accessibility Modifications (e.g., ramps, widened doorways)-Luxury Items (e.g., pool)-LandscapingNot Acceptable Renovations:-Commercial Use (e.g., turning a residential property into a commercial property)-Temporary Structures-Non-Residential Buildings (e.g., barns, stables)FHA 203(k)Minimum Down Payment: 3.5%Minimum Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: $524,225Occupancy Types: Primary Residence ONLYUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements/Reconstruction (e.g., adding rooms, bathrooms)-Cosmetic Enhancements-Eliminate Health and Safety Hazards-Energy Efficiency Improvements-Major Landscaping (e.g., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.
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22 January 2025 | 2 replies
Lucrative STR's are some of the most desirable property types on the market (especially near the beach!)
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16 January 2025 | 5 replies
It kind of depends on the type of properties you're looking for funding on.
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19 January 2025 | 5 replies
Owning in an SCorp is not for all lenders, but plenty of lenders are ok with this holding type.
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24 January 2025 | 10 replies
There are several different kinds of exchanges with different rules and timelines, not just one type.
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16 January 2025 | 1 reply
What made you interested in investing in this type of deal?