Hello guys, I purchased a townhouse last year and planning to take another property this year. Plan is to shift in new home as primary residence and make 1st home as rental. Already my DTI is 43% as per my gross month...
In order to get an FHA loan you must live in the property for a year. If you get a non family member to cosign for you, they also must live in the property.
My question is this, how strict are they? Do they check up...
Hello friends!I am new to the BP community. I've been a non-active member since registration and that's because I needed to realigned somethings to allow me to get ready and focus. Now that's done. Yay!!! So been read...
We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel. Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow aft...
Hey, i need some advice on a current situation. My in laws were selling their house about 2 years ago for about 250k but took it off the market due to my wife's step dad being diagnosed with Amyloidosis. They're getti...
Hello BP,I have recently been trying to pre-qualify for a mortgage on a second home. I want to find a way to get around the requirement of having rental income on Schedule E for 2 years in order to use it as income to...
I am a first-time home buyer. The property is a duplex and it will be my primary residence once tenants clear out. The current landlord is giving lease termination notice before I close I plan to rent the upstairs apa...
So my husband and I have a little chunk of money in our 401k as well as some money saved. We plan to house hack our first purchase with the BRRRR method. Should we borrow from our 401k to make up the rest of the down ...
Hey all. I've been a lurker here for more than a year now, so it's long been time for an introduction.I signed up last year after finally deciding to put my money where my mouth was and invest in real estate. Without ...
Is it feasible to buy a park with all park owned homes? And then slowly sell the home to the tenants on rent to own terms? What are the risks related to that?