Interestingly, I found out that lenders may take more kindly to a homeowner who shows
history as an investment property owner with a track record.
Not exact matches
James graduated with a BA (Hons) in Ancient
History from Exeter University, before training
as an Accountant and crafting his career in finance firstly within accountancy firms, then within
investment property companies.
The other problem with
properties being treated
as investment properties in underwriting is that you can't claim the rental income unless you can document the rental income and that you've had
history as a landlord.
Enjoy the island year - round or consider the
investment as this
property has a good rental
history.
Typically you'd need to bring something of value to the table in addition to a token $ contribution to develop basis in
investment - such
as history of
property management, construction, heavy underwriting experience, contract is already signed and significantly below appraised value, family, etc..
So she tried again, this time crafting plans that were more reflective of the
property's
history,
as well
as of the brokerage's specialty
as a wholesaler and rehabber of
investment properties.
As we begin to see signs that we have reached the peak of one of the hottest retail
investment markets in
history, many owners are re-evaluating their portfolios to decide which
properties they want to keep versus which to sell.