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21 August 2024 | 3 replies
The are always multiple variables such as: are the gift funds involvedProperty typecondition of the propertyIs it ruralTitle seasoningReservesLTVWhat is the estimated DSCR ratioCitizenship status: Foreign National, ITIN, Citizen, Resident, permanent residenceDoes borrower have investor experience or notMortgage payment history called a VOM or proof of timely paymentsGift of equity or not100% gift funds or does borrower have at least 5% down payment and their own reserveshow many acres does the property have?
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22 August 2024 | 3 replies
The plan: I am identifying on/off market properties that are targets, will do all of the real estate work (listing, showing, advertising, vetting, etc) and will split the cost of the purchase of the home and the material costs for any needed repairs.The contractor will be subbing out portions of the job and be on site mostly full time until the project is completed.
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19 August 2024 | 20 replies
Hi Everyone, I am an OOS first time investor and got a SMF built in 1920 (2 units, 1bd/1ba and 3bd/2ba) under contract at 20K below purchase price (@190K) with both units currently rented ($850 and $1200).
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16 August 2024 | 10 replies
People have all kinds of proposed work arounds, but that's good until it is time to sell or the government decides to crack down and they do now and then.
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16 August 2024 | 20 replies
We have a STR with a small back yard, not big enough for a pool, but big enough for a hot tub.
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22 August 2024 | 1 reply
You may consider a business attorney familiar with your state or jurisdiction if you do not wish to spend the time to do it on your own.
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22 August 2024 | 9 replies
I have tried well over a dozen times to upload a bathroom photo.
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21 August 2024 | 5 replies
We used to do pet deposits, but now we collect a one-time "pet fee" upfront that is designated for damage repair and cleaning on the back end.
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21 August 2024 | 10 replies
I am wondering if this could be a good first time investment property concidering the following pieces of information?
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22 August 2024 | 2 replies
I would intent to live in the property during the first year when I am in the United States, my wife will live there full time for 8-9 months during that year and I would use the property as a legal primary residency.