Heres the numbers:  Borrower(s)Subject PropertyRate Not Locked 9/30/2024 Sales PriceDown PaymentLoan Amount30 Year FixedContract DepositSeller ConcessionNMLS#  $670,000.00$167,500.00$502,500.007.000% $0.00$0.00  Bank Origination Charges Estimated Title / County / State ChargesOrigination Points % $ - Owner's Title Insurance $ 4,415.00Discount Points % 1.500% $ 7,537.50 Lender's Title Insurance $ - Underwriting Fee Title Search $ - Appraisal Fee $ 650.00 Title Services $ - Credit Report Services (1) $ 299.00 Alta 8.1 $ - MERS Fee $ 25.00 Recording & Transfer $ - Flood Certification $ 8.00 Notary $ - Tax Service $ 85.00 Settement Fee $ - VOE Fee $ 150.00 Total $ 4,415.00 Total $ 8,254.50 Prepaid Interest / Items Potential Additional CostsPer Diem Interest 15 Days $ 1,465.63 Rental 1007 $ 250.00Home Insurance $ 1,800.00 New Survey (if applicable) $ -Flood Insurance $ - 2nd Appraisal / Reinspection $ - Total $ 3,265.63 Total $ 250.00 Escrow and/or Property Taxes Due Total Estimated Monthly PaymentsTotal Insurance(s) 3 Months $ 450.00 Principle and Interest $ 3,343.15Property Taxes 4 Months $ 2,868.64 Total Property Taxes $ 717.16Total $ 3,318.64 Total Insurance(s) $ 150.00 HOA / Maintenance $ - Monthly PMI $ - Total $ 4,210.31Total Estimated CostsEstimated Closing Costs $ 12,919.50 Estimated Escrow Prepaids $ 6,584.27 Estimated Funds To Closing $ 187,003.77

Having a team in place is essential to long-distance investing.

This way, you’re not at risk of losing all your hard-earned feedback and visibility, which could set you back in the competitive short-term rental market.It's essential to find a PM who can work with you in this setup, as it's a balance between functionality and maintaining your property’s reputation online.

Freddie Mac & Fannie Mae multifamily loans essentially offer low rate, high leverage, non-recourse permanent financing options that are backed by the full faith and credit of the United States government.

Since it’s essentially a change in the holding entity, not a sale, a quitclaim should be sufficient.

The way that I set up my coaching program helped around 80 to 90% of my coaching students buy real estate and increase their net worth by between $30,000 and $500,000 during the year that I coached them.I tried to make the coaching program really affordable and based on psychological principles of motivation.

While substantial financial benefits are available, it's essential to meet IRS criteria, keep meticulous records understand depreciation, and stay informed about local regulations.When considering a Cost Segregation study, here are a few things to consider:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...

Using equity can be a powerful tool for building wealth, but it’s essential to ensure that you’re comfortable with the level of debt you’re taking on.Consult a Professional: It might be helpful to speak with a financial advisor or mortgage broker who can help you weigh your options and determine the best course of action for your specific situation.Best of luck with your move and the rental property!

Hi Xiang - Having a reliable lender by your side from start to finish is essential for a smooth process, minimizing surprises—whether it’s ARV or something else down the road.

Education, financial stability, strategy definition, team building, and thorough property search are essential.