
21 November 2024 | 10 replies
All this fancy mumbo fha guideline gumbo means is that your projected market rents assuming all units, if it were rented Times 75% need to be greater than what your monthly payment is (PITIA = principal/interest/taxes/insurance/assessments monthly), other wise FHA will not lend at that loan amount so common solutions to this when rents are too low in your local market are to put more money down payment which defeats the whole purpose of low 3.5% down FHA doesnt it?

11 November 2024 | 6 replies
Buying a property to house hack with an LLC basically defeats the purpose of doing it.

5 November 2024 | 15 replies
That leaves a paper trail and defeats the purpose of having a WY LLC.

31 October 2024 | 5 replies
Defeats any chance at anonymity!

28 October 2024 | 4 replies
I admit this defeats the purpose of having an “all-in-one” platform :) but feel free to check it out and judge for yourself

28 October 2024 | 4 replies
So, make sure the iPostal1 qualifies.FYI: when you do set up an LLC, do NOT use your address or list yourself as the agent for the LLC - defeats the goal of anonymity!

18 October 2024 | 3 replies
So, I think doing something like this would potentially defeat the purpose of having the LLC.

15 October 2024 | 26 replies
And giving up control of your assets may be defeating the whole purpose.

12 October 2024 | 25 replies
I hope this post provides insight into the self-defeating reality of investing in low-cost locations with static or declining populations.