I’m under contract for a condo for STR and I underwrote with a typical mortgage but my lender just came back after my initial approval to tell me that as of Jan this year Fannie and Freddie now consider the developmen...
My commercial division mortgage advisor at my credit union tells me that after the 5 year period on my balloon loan they will ask for new financials, and we can refinance my balloon loan with no refinancing fees atta...
Hi biggetpocketers,I have a small townhouse that was my first home purchase and I’ve been living in for 7 years. I’m moving to a different state so I decided to keep the house and rent it out. The house mortgage is a ...
Hello, posting this in the pro area in hopes of getting some expert opinions! I plan on doing fix and flips and maybe some wholesales for now, with that said I have some questions and would really appreciate if anyone...
I'm purchasing a large lake house in Minnesota to do STR. The current owner has had it on VRBO for 3 years and last year put in a new inground pool with a diving board and a slide. It's beautiful and is a great draw f...
Hi everyone! I'm looking to buy my first property in Philadelphia this spring and I need some assistance analyzing deals. I'm interested in purchasing a multi-family unit and house hacking. I plan on using a 3.5% dow...
A federal judge ruled Aug. 2 that people who own an investment home in Austin but don't live there can rent it out on Airbnb, Vrbo or other short-term rental websites.
The city of Austin was sued by Houston residents...
Hey, guys. I want to know how much money you keep available for contingencies on your SFR rentals.I have two SFR's, with a third (current residence) to be rented within a year. With the two rentals, I've never taken a...
Hey I found a single property home that I think would be a great first time deal. I’ll be using it as a rental property but I’m new to investing so I’m not sure where to start. I’m thinking getting a LLC and buying t...
I'm a rookie, so please be kind!
I have a medium term rental ( 3 month minimum as required by my HOA) I'm right next to a Level I and Level II hospital and I have my first pair of traveling nurses moving in at the en...