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2 December 2022 | 26 replies
This just means that 75% of the rents of all units (all 3 or all 4 of the units) must be equal to or greater than your entire monthly payment to ensure FHA will be sufficient should anything happen to your ability to pay for this property (if they take it back the property as a foreclosure/REO).In more expensive west or east coast markets it will be hard to make the FHA SS rule right now given that the rates are in the 6-7% range so I would recommend targeting 1-2 unit FHA properties.
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9 January 2023 | 12 replies
Electricity just ask for a bill.
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6 February 2020 | 184 replies
What makes real estate so great is the ability to leverage and no lender will want to touch these properties unless charge you a huge origination fee.
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29 May 2010 | 12 replies
Since she is poor, she can't find a lawyer, and the only place I could suggest is Leagal Aid.It is a real shame, if I had the ability, I would post pictures of this house, and how beautiful she keeps it.
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20 July 2011 | 49 replies
Unfortunately, a common myth for rental real estate is the ability to offset ordinary income with the passive losses generated from a crummy rental.
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25 February 2017 | 27 replies
@Taylor ComerLots of good options here, but one thing to consider with giving tenants the ability to deposit or pay electronically.
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20 October 2015 | 15 replies
Holding the lien gives you no extra ability to buy the property at the tax deed auction but you would end up with it if nobody bids (in which case you're probably getting stuck with junk)
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8 December 2022 | 3 replies
A desire and ability to share their knowledge4.
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4 December 2022 | 12 replies
If your buying power falls, so does your ability to maintain the same standard of living.Below is another example where Property B starts with a higher initial return, but because rents do not keep pace with inflation, buying power declines below property A.
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11 November 2022 | 11 replies
Get preapproved now and have the ability to jump on a good deal at a moment’s notice.Agency Loans For Investment PropertiesFor an investment property, you’ll likely use an agency loan, which means the loan would be backed by Fannie Mae or Freddie Mac.