As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
Ian Cook of CarpeDiem MD discusses how to finance your short-term rental property. He suggests 10% down, and goes over conforming versus non-conforming loans. He details Freddie Mac and Fannie Mae second home eligibility requirements as well. There’s a lot of good information in this post that will help you learn more about financing in general, and especially when it comes to second home-buying.
Daniel Shin of the Darwinian Doctor offers ways to transform your home from a liability into an asset. He brings up a valid point: your home is taking money out of your pocket each month, year, etc. So, how do you MAKE money on your home? Read along to find out!
One of the worst feelings in real estate investing (and in general) is when your real estate offer on an amazing property doesn’t get accepted. So, here’s 3 ways to strengthen your offer:
- “Lock it up”;
- Modify the inspection contingency; and
- A healthy earnest money deposit in escrow.