Hi bp, if you purchase a property that you want to flip using conventional financing, can you sell it as soon as you complete the renovation? Or is there some type of seasoning period?Thanks
Short-term rentals have become a lucrative venture for many property owners, offering a flexible income stream. However, accessing traditional loans can be challenging, especially if personal credit history isn’t favo...
I had a short sale almost 6 years ago. Since that time I have purchased a primary residence and a duplex (in TX). Credit scores are solid and I have built up a good liquid asset base. I am currently trying to obta...
Those with Jersey Shore vacation rentals:
Is there any local/state/federal aid being offered for vacation rentals? How about aid through online rental platforms like VRBO, HomeAway, AirBnB, etc.?
If the stay-at-hom...
I have 2 STR's in Rehoboth Beach, DE and have the itch to purchase some LTRs in the suburbs outside of Philly. Currently have the ability to open a HELOC on my primary for $250k. Does it make sense to utilize the HELO...
Hi everyone,
I am very new to real estate, in fact, I haven't even begun yet. I have been a BiggerPockets fan for years! I listen to the podcast and attend the weekly webinars in order to learn as much as possible.
...
My wife and I currently own two short term rentals in Tucson, AZ. Both were bought as investment properties using conventional mortgages and 20% down. Navy Federal, who I bank with, has a second home mortgage with a...
My wife and I recently looked at a house listed on HomePath that needs a ton of work. Apparently a daughter or granddaughter moved in to take care of the house after the owner was sent to a nursing home, and shortly a...
Hi all,
What impact did the new 2014 mortgage laws have on renting back to the sellers after closing? We are supposed to get our commitment letter today, but the bank (last minute) said fannie mae and Freddi...
I'm looking to do a live-in flip and the Fannie Mae HomeStyle loan looks amazing to me. The catch for me at the moment is that I have six months left on my apartment lease. However, in reading the Fannie Mae materials...