14 December 2015 | 5 replies
In a traditional sale between a seller and a buyer, the taxes are usually prorated between the two and you (as the buyer) are usually only responsible for the portion of property taxes from the date of sale going forward (unless the purchase agreement specifies something different).
24 November 2018 | 7 replies
A person buying a primary single-family home with Fannie Mae's owner occupancy requirement must agree to move into the home within 60 days of closing the loan, and to live there for at least an entire year.
17 December 2015 | 30 replies
BKs, write-offs, collections prior to the six months I just ignore, but issues during this time is my primary criteria - - what's happened here will happen to you too.
19 August 2020 | 9 replies
Most require that the home is your primary.
18 December 2015 | 13 replies
@Rohit Vij - is your primary goal to generate monthly cashflow?
19 December 2015 | 5 replies
If you don't know a portion of your business, hire an employee who does.I assume you will have a manager running your multifamily so you can focus on your primary business?
22 December 2015 | 9 replies
Traditional CFP's are almost completely uneducated and unaware of anything outside the stock and bond markets.
18 December 2015 | 51 replies
Since my primary driver is owning buy and hold properties and making my money on rentals, the buy/sell model I use periodically fits perfect as I'm already managing 20 rental units that rent for between $1300-$2400/month so 2 or 4 more is hardly any added work while I wait the 12 months to get to capital gains or I incorporate it into my rental group and sell off one I've had for over a year.
12 May 2017 | 19 replies
I'm not sure what the regulations are for how many mobile homes I can put on that property for the size and traditional websites have no data for the rental market in that area for me to gauge the market for myself.
7 January 2016 | 18 replies
@Nick BrubakerSeems like it is going to be extremely tough without work history to get a tradition loan.