You probably won't get caught are famous last words for many people with red cards on their properties before listing it, closing it to flip and sell, or to turn into rentals.

So, yes, you can absolutely get a traditional loan using 20% down an receive a loan with lower closing costs and a lower interest rate...or you could go the other route.Hope that makes sense how I am describing it. 

Of course, sometimes it's difficult to sell a house this way if you have alot of equity since the buyer will have to come to the closing table with that amount of money before assuming the loan.   

Hi there,I am in the process of closing on my first duplex that will be used as a primary residence for 1yr before becoming a full rental property!

I offer an easy-out agreement to the owner, but don't want to lose out on monthly fees for longer stays. 

We're seeking a 2-family house with parking for at least one vehicle and close to public transportation.

They can stay, she just needs to sign.

However in the areas where she is invested its not that hard to duplicate either because she has stayed in tried and true vacation destinations. 

I am a total Newb to this board guys so feel free to yell at me if I can do things different for the benefit of the community :)I want to use this as a space to chronical my journey and stay connected with folks in the industry so yeah.

Closed sales have jumped by 11.09% year-over-year, reaching 1,402 in April 2024.