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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...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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...