Hey all,We received an offer on a property today in which the buyer is using a USDA loan, a product I'm not very familiar with (but will learn). To cut to the chase, is USDA similar to a VA loan in that the buyer is e...
Any words of caution when flipping a fannie Mae property? I figure I'll use an LLC and double close. Thanks
I have found lately that the number of applicants to my units has dropped significantly. For this reason, once I have someone approved, I want to send the lease for signature with a short time limit, so I can quickly ...
Home Possible from Freddie Mac has long been my favorite 30YF mortgage product. 95% LTV on a 2-4 unit property you will live in, but no FHA downsides. Specifically...Conventional alternative to FHA that requires 5% do...
Since the 45 day identification period can be tricky time wise, even if and taking into consideration that I have investigated properties even before the closing of escrow, which I have the option to extend,I heard ...
Is there a way to fully realize mortgage interest deductions on several investment properties? Our current principals on our properties are over the $750k limit so we could not deduct all of the interest paid? Will mo...
I was unable to list a rental this past summer due to Covid, and plan to list it to be available on Januay 1st. I'm choosing January 1st move-in date so that I can choose either a 6 month or 18 month lease option, giv...
I recently filled out a pre-approval application for a mortgage, however, the lender did a hard pull and told me they came back with no score. Credit karma gave me a score of 711, I know it is an estimate but I found ...
We are looking to purchase our 1st investment property. As I'm learning more, I want it to be a 2-4 unit multifamily home that we would "house hack." We don't have enough savings for a down payment in Chicago (city pr...
I have a tax certificate for Chambers County from the 2023 auction. The house is clearly abandoned, as the power box is disconnected, AC is removed and someone clearly packed up the stuff. It has been sitting abando...