Investors buying rental homes buy it as a primary and move and rent out the current home? I saw few ppl doing it due to primary rates being 1%low. What is the strategy to finance investment properties. Any tips?

like
Posting as :
works at
You are currently posting as works at

You’ve literally just described the strategy.

likefunny

The strategy is to find properties that cashflow despite the higher rate for investment mortgages or DSCR loans.

If you’re going to short term rent the property, then you may be able to qualify for a “second home” mortgage, which will be higher than a primary home mortgage but lower than an investment mortgage.

like

I’m bought vacation properties as second homes and rented them out, but the mortgage company essentially knew I was going to do it.

You have to qualify as if there’s no rental income.

like

-Owner financing is one option
-Assuming an existing loan
-Find financing partners
-Using lenders that don't offer agency debt, such as with a credit union or insurance company
-Bring the deal to an experienced operator for a fee or equity in the deal
-Double closing, where you hold the contract and sell the property to someone else
-And more

like

Related Posts

What to do with stocks/crypto accumulated in US, sell them when moving back to home country after completing H1B ? What about taxation when you hold and sell later ?

like

Currently 25 y/o making 70k/year in Boston. I grew up pretty poor and I have minimal financial education. A lot of my salary now goes towards helping my parents get out of debt. My parents are no longer able to live on their own, so considering selling my grandmas house where they live (maybe 550k), paying off their mortgage (100k) and buying a duplex (between them they make about 55k/year). Is buying a two family home a good investment ? How much can I afford to spend on a new house?

likehelpful

For any real estate investors

22 years old and currently focused on using my left over income to invest and pay off my debt. I am set to pay off my college loans by next year and, when I do, I want to look into investing into real estate. Does anyone have any suggestions on how to get into/learn more about real estate investing? Or how I can have enough knowledge on the topic to be able to invest wisely when the time comes?

Any books? youtubers? etc. How did you all learn about it?

like

Pranam Fieshes ,

How to declare tax on joining bonus? First time got joining bonus , how to mention it in tax declaration . Please help

Your lovingly,
Fish

like

When is a good time to buy a car ? Quarter end ? And which day of the week?

funny

From now on can we start saying WHY we think news = 🚀 🚀 🚀. Reason: people lose their minds when they see *bank/big corp + crypto* and forget to ask why the news = higher price.

like

Solicited moonshot shilling please.

I have about 10k to invest and am happy with my bags of BTC/Eth/link/Sol/etc. and defi blue chips. Looking for a moonshot or at least an up and comer. Thinking of dropping it all in Fantom (FTM). Thoughts? Others?

like

Does Platinum Corporate Amex worth the $550 fee in terms of points? Let's say I travel up to 50% of the year. And EY doesn't pay for the membership fee anymore, right?

like

Man, what Wall Street Bets pulled off was just epic! :D So tempted to throw in some of my monies to stick it to the hedge funds and then donate any gains to charity.

like

Want to use a virtual card on Aliexpress
Don't have a card from the 3 card companies that provide this service. Anyone know a virtual card app/site they recommend?

1099 or w-2 ? I have been given the option though the company prefers w-2. It’s a day rate booking couple of months or more (no end date). I already have 1099 from similar company this year and am leaning towards 1099, but I don’t want to be difficult. I do take home office deduction and they are not supplying any equipment. Suggestions?

like

Thoughts on investing in FTT FTX? It’s available on Kucoin

likefunny

Anyone successfully use the $200 Amex hotel credit? The FHR and hotel collection redemptions are all pretty insane price wise. I’ve heard there are some good deals to be had in Vegas but looking for other options.

like

Currently single with no major financial obligations (no debt, no car, etc.). I feel like I make decent money ($225k) but somehow can’t seem to save at all. Anyone else feel like this?

likefunnyuplifting

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

like

Thoughts on SoFi bank?

like

Looking for an investment that will produce current income and has a small minimum investment size. This would be for myself just to have more income. I'm willing to take any amount of risk

like

I've got a YouTube channel about all things crypto and trading. It is primarily an educational channel, rather than one that is specific to investing.

Please post video requests here. (Continued)


like

Is there ever going to be a comeback of the main coins (BTC/ETH/LTC) or are the golden days done?

i’m at work literally stressed about $3.5k (spread across there states) and this is why i can’t stand state taxation.

how you gonna shut down a business license over $100?!

likefunny

More Posts

For those that work at big4, does maternity leave benefit only kick in if you’ve worked for the firm for at least a year? Or does it apply immediately?

like

Misled on Maternity Leave Policy. I found out I only get 4 weeks pay for maternity leave (STD +“sick days”). I will take 12 weeks but wont get paid for 8 weeks. I work for a US, west coast based company in the tech/VC industry. Their website claims to offer “paid parental leave and other progressive benefits for parents”. I didn’t find out until after I was hired their pay was only 8 weeks but since I have been at the company less than 12 months, I don’t qualify for their policy. Is this unfair?

like

Hi, I got an offer for ETL tester in LTI Delhi. Can any one say how is work life balance and culture of the company. And how is CITI bank client in LTI.

Wanted to check with folks from Accenture here. Can someone explain the job code CN - Strategy - TC - TA - IT Strategy - 07?

I understand it's for capability network. But what do the abbreviations mean? Also is Accenture CN a good place to work?

like

Help,I started a new career n the events industry and I think I have to quit! The person I report to is so disorganized and there are no other managers in the office to direct day to day operations of our department. On day 2 I was asked to go to a job site and perform a 12 hour day without any training, safety equipment or tools. On day 3 I was asked back to site to do general labor! I ended cutting my hand on an exacto knife and there was no first aid! Is this normal?

like

6’5 here, does anyone have any recommendations on a good desk that is adjustable to a standing desk? I find that a lot of standing desks have a listed max height below 6’5

Do GCs work as much as big law partners? It seems like the GCs I know are slammed all the time and even work weekends

like

Please help to unlock dm

like

Leads - remember to spend proportionate time leaving feedback for the folks you delegated your tasks down to this year. 1-2 sentences for a month long, complicated task isn’t enough.

like

Anyone into JDM cars? Got my Supra ready after 1+ year of build. Looking to roll with fellow JDM owners in Sugar Land/Katy area.

Post Photo
like

Hi Fishes,
Can anyone please refer me
Cognizant for analyst position. I have job id with me

like

Advice appreciated: I want to sublease my apartment so that I can rent elsewhere and pay less. I had to move in a short amount of time and it was during the period where there was a high demand for housing, & leases everywhere were expensive so I signed what I thought was fairly cheap in comparison to what was out there. However I found something this month that will cut costs by 30%. How do I go about finding someone to sublease my place?

like

Has anyone ever done aggression training for their dog? Met with a trainer who basically wants us to either keep our dog crated or on a leash at all times and said no pets or play time for now. Our dog has been acting out ever since we brought home our newborn and also bit our groomer. Trainer has me terrified that the dog will hurt the baby but my heart is breaking that I can’t give any “love” to my dog right now. Any similar experiences or thoughts?

like

Anyone elsa was recently admitted into Kellogg and/or MIT?

Any idea where to go post BizOps? My friends and I are getting a bit bored having done the role for a while now.

Looking for roles $250K+ (roughly L4 at Google BizOps or Product Strategy Lead at Facebook).

like
like

I am looking for part time freelance/contract, remote, mid level copywriting work! If there are any suggestions of great recruiters, places to work or you know of someone hiring please let me know! Thanks.

like

Principal Consultant (CyberSec) at IR/Advisory firm with no degree and 10 yrs experience. Comp - $142k w/$28k bonus and $60k stock vested over 4 yrs. Would I be foolish to look elsewhere w/o a degree?

like

Hi All,  I have two offer on hand.

1. Deloitte USI - Analyst - 7.5 Lpa fixed + 75k variable + 3 lac joining bonus

2. EY India - Associate consultant - 8 Lpa fixed + 1.44 lpa variable + 2 lac joining bonus.

YOE: 1 year and TechStack - microservice development ( python + aws + azure)

Which one would be better to join, considering CTC, benifits and WLB?

like

I’m an Environmental Protection Specialist and make pretty good money for what I do. I just feel like I have more to offer than being a worker bee in a system at 25. I work with a lot of retirees and would love to return in my latter professional years. I have my Bachelors in Applied Coastal Environmental Science and want to expand my options. Any suggestions that won’t require me taking a crazy pay cut? I’m pretty much open to anything.

like

Additional Posts in The Real Estate Bowl

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

For those that built higher end homes, what kind of appliance budget did you have?

like

Has anyone used Loan Cabin to refinance? They seem to have the best rates.

like

We just moved into a 50 year old house. We got the popcorn ceiling removed in the garage plus had the walls done. We didn’t use an official asbestos expert because of the price.

The horrible, dirty people that lived there before us left us a crappy mess. Hope we are not exposed, nor the neighbors.

like

The threat of nuclear bombs flying over cities should crash the real estate market

like

Can I get a commercial loan without 25% down?

like

I am looking to buy my first property soon - preferably new constructions (anything except condos) anywhere in Ontario/Canada. Any suggestions where I can turn to find new construction projects? I understand I need an agent. Until I find a good one, I am looking at the houses myself. Any suggestions where I can get information about new projects happening in the province?

like

If anyone has problems with leaks or anything facade related I work in facade restoration, preservation, rehabilitation, retrofitting in NYC. I’d be happy to discuss potential solutions.

like

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

like

Hi, has anyone worked at Freddie mac? Particularly the multifamily investments division?

Question for folks with second homes: Considering buying a vacation home but would be primarily for family use. We currently have a primary residence with a mortgage balance of ~640K, so my understanding is I could only deduct the mortgage interest on 110K of the second mortgage to stay under the 750K cap. If I were to buy the second home through an LLC, would that allow me to exceed that 750K since the expenses of the second home would be pass through expenses/income?

like

Is there an investment fund or group that anyone knows of? I heard of Fundraiser but it seems very convoluted. Looking for an investment group or development group to invest with

like

Bought a 300k end unit townhouse in Atlanta, 14 months ago with 10% down (3.65% interest rate). Prices in subdivision have been increasing over that period. This month 2 non-end units listed for 330k and sold right away. The opposite end unit on my 5 unit building was listed for 340k and is currently pending. What is the best way to stop paying PMI since since I should be at 20% equity?

like

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

I have over 12 years in B2B sales/sales management experience along with a graduate degree. I am wanting to shift gears and I am at a point where I can invest time in myself to learn through practical experience. The new industry I am wanting to pursue is real estate investment. I have read all the books but want some hands on experience on the property management side. How could I best leverage my skills for a role in this, and what should my expectations be for negotiation in compensation?

Any one knows what’s the easiest way to order a radon test for new construction?

like

Better to aggressively pay off $15k in student loan debt and pay off by early next year or make the min $200 payment and save the rest for down payment/emergency funds?

like

Is it safe to buy new home now with high interest rates ,high home prices and recession in near future?

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal