All Forum Posts by: Aldrin Colorado

@Sean McCluskey thank you. Unfortunately, I do have a confirming loan.

Thank you for all the responses everyone!

@Greg H.

Darn. Ok thank you so much Greg!

@John Warren Thank you!

Since I recently refinanced to a conventional loan my current home, isn't there a 1 year occupancy rule before I can use another FHA loan on an investment property?

Is it possible to get a FHA loan on a new investment property, single to fourplex, (which I plan to move into for the first year) if I currently own a home that I just RECENTLY refinanced with a conventional loan in the same city WITHIN 40 miles away?

Or is it not possible since my current home is considered owner occupied? 

Infrastructure Systems Engineer

Thank you for the responses!  Great answers! 

Anyone know what I would need to do to check my first rental property and how to best calculate rehab costs on a budget?

Understood! I really appreciate all the suggestions Doug and Whitney!

When does it make sense to use my primary home's equity (cash out refi) to invest into my first rental property over HELOC or Hard Money for a first time investment?

What is the difference and pros/cons between BRRRR vs Just Renting Without Refi.

I also notice the BiggerPockets.com has different calculators for Rental Property and BRRRR, why is it separate when BRRRR include renting?