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2 April 2024 | 2 replies
I live in a small town and don't know that any of the local brokerages will be a good option.
2 April 2024 | 4 replies
Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.Thanks The rules are generally pretty vague - for the 10% Down Second Home Loan - generally are supposed to be not an investment property (no more than half the year rented out, no property management) and the vicinity rule is not super clear - but you are supposed to live "near the property"There won't be a difference among lenders since this is a GSE backed product (all rules the same) - however, the difference is likely to come from the interpretation of how close "near" meansThis is a good twitter (X) thread on the topic from a lawyer thats in the spacehttps://twitter.com/Wildlaw406/status/1689416363973214213
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31 March 2024 | 9 replies
I don't love letting folks view when an existing tenant is there because it is not a controlled environment, however if you have had a recent inspection of the property and you know it shows well and the tenant is amendable then "GREAT".I would add that since your tenant is vacating early, they are still financially responsible for the lease until end of term.
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2 April 2024 | 4 replies
Weather you live in it or not.
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3 April 2024 | 15 replies
Hey Anais, I live on the Central Coast of CA and invest in Detroit.It has a ton going for it and it's been extremely good to me.
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2 April 2024 | 27 replies
I highly recommend you to learn as much as you can via their recorded videos and/or live event.
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2 April 2024 | 10 replies
Not sure what your current living situation is, but you may have an opportunity to get into a new home with a Mother in Law suite, or an ADU that you can STR, just to see if that rental strategy works for you.
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2 April 2024 | 11 replies
Having a termination fee is not uncommon in midwest where I live.
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1 April 2024 | 10 replies
You also can't do a 121 if you did it in the past 2 years.Ex. you live in first property for 2 years and sell it. you then live in another place for 2 years and then you sell it.You would be qualified to do the 121 in both salesEx.