Their true intentions come out eventually.Be sure to read through the rules of the forums here.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Rental income average $835 ( 1 and 2 bedrooms mixtures )Property taxes around $22,000 per year ( ouch )Current asking price around 1.2 millionAfter running some quick numbers -> less than 1% rule                                                    -> 5 to 6 cap rate K.marie P.

And guess what...Now they are trying to implement rules to reduce the speculation but just be aware the number of vacant apartments in Dubai is very high so, again, it is very important to know the market very well and choose the right spot where to buy.Where would I buy in Dubai if I found a very good deal?

There are some exceptions to this rule, but that's for another thread.The government takes this pretty seriously, because they consider it abusing a government aide program by misrepresenting your intentions to a lender.

I guess most people answered your question already.As a general rule, know that your lender looks at EVERYTHING.

Most of our portfolio follows 2% rule or what I call $200 in rent/month for every $10k invested.

Freddie mac rules are different and you must show the two years, but fannie is different.

Tax sales can be quite profitable but there is definitely risk and you need to understand the rules.

How important do you think it is to know the occupancy rates for the area and is there a rule to go by.

Also as of right now I would be using it to fund fix n flips and hopefully buy n hold but I can't seem to figure out how to structure them to protect all parties involved...I am also wandering about sec rules and how they apply to any of this.