Hello, I’m considering starting a new commission-based job. In the two years it would take to establish my income substantiation, is the a path to getting BRRRR properties refinanced?- partnering and putting it under...
So, I finally found a deal that interests me in my area. A 4/2 duplex 1500 sqft with 100% occupancy @ $1550/mo. Asking $169.9K. I'd offer $150 and see if they bite...But here's the catch: I need to live in it to quali...
Hi! I'm in the New Orleans, LA area. I already have a duplex under my belt, which I got an FHA loan for and currently live in one side. I'm interested in buying a tri/quad, or even 5plex complex. I understand that the...
I heard that commercial loans are a challenge to get, I was wondering if this is true. I read and researched that the property needs to make good money in order for the bank to approve you. Do you also need assets f...
Hello,
I have gotten great advice on this website, so thought I’d ask a question and hope to get great informative answers!
So, I currently own a primary residence with an fha loan. I have 30 thousand ready to go f...
I am brand new and I am having trouble setting up my priorities. I am spending alot of time saving up capitol for my first buy and reading books on real estate and business practices. In my free time, I am scanning mu...
Hello,
I have purchased a condo to use as a short-term rental. I would like to stay at the rental every once and a while. I have read many articles about personal use, residency, and taxes. But still have some ...
I am looking to turn my personal property into an investment property and then 1031 exchange into a multi-family home. How long do I have to rent out the personal property (do I have to move out or purely rent a room?...
NACA has somewhat of a bad reputation online- but I'm almost done being qualified and it has been great for me so far.That being said, for those of you unfamiliar, NACA gives you loans with no PMI, 0 down payment, bel...
Hi first post, love these forums! Buying a home in Idaho, primary residence for my family. Looking to spend 300k, and hoping not to put 20% down, would like to go 10% or less if possible. However I'm being told I won'...