Hey all,I'm planning on using a primary residence loan on my first SFH or small multi-family house-hack; most likely an FHA loan. BUT..I am wondering what constitutes a primary residence?-Can I live there part time an...
tl;dr Soon to be newbie self managing. I'm scared to death of lawfully having to choose a borderline acceptable tenant over a highly qualified one. Made a scorecard to pick most qualified; pick it apart.So as I start ...
We just purchased 16 units in OK. I am wondering what some of your qualifications for new renters are? Minimum credit score, minimum income requirements, etc. I am putting our requirements in place and just curious ...
Currently, I am living in a flip house and own a 2 family house. I am almost ready to expand and purchase another multifamily house. My question is in regards to Commercial loans - What properties apply? How much mone...
1. I'm looking into buying my first multi-family property on an FHA loan. My lender for the Bay Area said that when calculating qualification, they would have to assume I would occupy the largest / most expensive unit...
Im trying to breakdown some minor details of what exactly qualifies for REPS hours. I've received mixed answers1) 500 hour material participation--- Does travel to and from the property count? We live out of state and...
I represent some international investors who are interested in investing in the US commercial real estate market. I will be the operating manager of an LLC and all the investments will be made through the LLC.
The inv...
I'm working with a buyer for one of my properties who just got declined for a mortgage after a 10 week application process.
I'm trying to find another lender who will go down to a 600 credit score for an FHA loan.
T...
Dear BP family,Often times, we hear low grade, mid-grade, high-grade construction materials. I was wondering, are these definitions standardized and if yes what exactly do they mean?Thank you all in advance, Eli M
Hi everyone!
Hope everyone is enjoying their new year. My wife and I are close to closing on our first STR property in Saint Augustine, FL. I have listened to numerous podcasts about being able to prove material part...