I had a few issues running into the CityFheps program that I need some advice with, anyone familiar that can help me?

I am trying to learn hands on skills so that I can buy properties that may need some TLC given how hot the market is here in Raleigh.

Good rental market* ( BP won’t allow me to edit my post title. )Hello,I'm looking to invest in a property for house hacking or to live in for 1-2 years before converting to a rental.

I'd love to connect and learn about the market. 

Hi Rene, the programs that I often utilize for clients are capping cash-out refinances at 75% LTV and rate/term refinances at 80% LTV.

That's a great deal in this market and 5 other investor would be making offers.

Median Price: $699,900, +7.68% Yoy.Closed Sales: 4,105, 7.55% Yoy.YTD Closed Sales: 17,109, -0.50% Yoy.Inventory: 6,121, +34.14% Yoy.YTD Inventory: 27,419, -6.69% Yoy.New Listings: 5,203, 8.67% Yoy.YTD New Listing: 25,440, +7.73% Yoy.Months Supply: 1.9, +46.15% Yoy.Cumulative Days on Market: 27, -10.00% Yoy.

., etc.) will not increase your opportunities for attractive financing and typically restrict you to the private money market (low LTV, premium rates and higher fees).

The plan is to replace all current free-market tenants with Section 8 tenants, as the rents are higher.

@Brittany HeilI'm not certain if this applies to all markets, but our lender (and loan product) and property insurance company expected us to move into the Primary residence within 1-2 months.