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29 February 2024 | 4 replies
The reason I bring this up is that changing from a single member LLC to a trust with both you and your Husband could potentially reset your 2 year holding period requirements if you wish to 1031 exchange again in the future.
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29 February 2024 | 9 replies
These loans will offer the cheapest interest rates, especially if you're going to occupy one yourself.My advice, if you have the downpayment + income to support the loan, speak to a loan officer to review your profile and see if it makes sense before exploring non-conventional methods (more expensive rates & bigger downpayment/reserve requirements).
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29 February 2024 | 10 replies
Plenty of pro's including easy qualification, low documents required for underwriting/processing, and just overall convenience + turnaround time, among other nuances that make it a great loan product.
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29 February 2024 | 2 replies
Borrower does not have records from 2020 any longer and lender is requiring some sort of proof of release.
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29 February 2024 | 7 replies
Curious if the state of NH has any regulations on this type of residency transfer like if Im required to register my vehicle there and get a new drivers license or any other information that needs to be updated with my new "residency".
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29 February 2024 | 6 replies
Getting leads from agents require least amount of initiative and it's a good place to start.
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29 February 2024 | 7 replies
As @Dmitriy Fomichenko mentioned, you cannot personally guaranty the loan and the limited recourse aspect navigates that requirement.
29 February 2024 | 5 replies
I have been reading Long Distance Real Estate Investing - David Greene, and came across an interesting tidbit of information: Your first 10 (1-4, 5-10) property loans are Fanny Mae insured, after which your loan criteria become more unfavorable (variable rates, stricter credit score requirements etc.).
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2 March 2024 | 43 replies
This is assuming you are willing to put in the work that would be required for this.
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27 February 2024 | 4 replies
The issue I find is that when I go to list my units, which are clean and moderately upgraded apartments in Little Havana and Allapattah I literally have 70 applicants in 24hrs via facebook marketplace or through the apartment rental platform my property management software interfaces with (like Apartments.com etc).So when I have 70 people lining up with first, last and deposit with no other middleman or agency impeding the process or requiring inspections or causing delays or requesting additional paperwork be filled out where is my incentive to go the section 8 route?