Hi BP, I'm looking to purchase an out-of-state property that is currently a single family home, and rent it out long term, so not an Air Bnb or anything short term. I'd like to use a Second/Vacation Home Loan to save ...
I hope this is the proper place to post this, but I just wanted to post the link to the document in case anyone was looking for one like I was. I couldn't find any versions of the document that looked super clean and ...
I read the below posting regarding 1031 but have a twist on the question of which I'm hoping someone has an idea. NOTE: I will be asking my attorney and accountant but was hoping for additional information here.http...
Starting out with very little money, lets say I was to find a deal and put it under contract with intent to whole sale. I then found an investor interested in buying the contract. But then a buddy calls me who is will...
Im trying to find out if there is a Kentucky state provision prohibiting a person, without a real estate license, from assigning an option, with the intent to resell. My understanding is that this varies from state to...
I am wondering if I were to buy a duplex with a conventional "owner occupy 1-4 family" loan, and I do not end up moving in but instead I rent the unit out, what would the ramifications be if any? Can they call the loa...
I want to apply for a conventional loan on a duplex out of state. Both units are currently rented and I intend to keep renting them. A mortgage broker said one of his underwriters may approve a loan as "second home" w...
Someone who works out of state with fire and government jobs but maintains permanent residency in home state with intent to return on taxes, license, etc. What is the best way to appease underwriters with an FHA? They...
Is it normal to pay anything upfront besides a down payment on Private Money Lender financing deal
Does this look legitimate to you guys https://drive.google.com/file/d/1WXAqllCuZVMjkv6HjqLmv-gw3bmwPqr2/view?usp=driv...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $200,000
Cash invested: $200,000
Bought a twin house that was converted into a duplex.
Monthly income from ...