All Forum Posts by: David Huston

@Justin Phillips I have mortgages on these homes so I don’t think they wouldn’t be 1st position.

@Sean Martin thank you. I will check them out.

@Sathiya Gane will I not qualify if I have 5 rental homes?

I am interested in pulling some equity out of some of my single family rental homes. Can I take HELOC's out on rental homes? If so where could I do it?

I am in need of a few landlord insurance policies. I am looking for the best company or broker for landlord insurance in AZ.

I bought a house about four months ago using an owner occupy conventional loan. I am trying to buy another house and move into the new one. My loan officer l, that I have used for several homes now, told me that she can’t do the loan because we bought one less than a year ago. We have done this in the past and she did the loan. Has anyone else had this problem or heard of it? Is there a workaround?

They are not behind. They are going through a divorce and don’t want to own a home together. I ran the numbers at 20% and at 5% down because that is what I have put down before and my cash flow still works out at 5% down. I just don’t want to get an owner occupy loan because we don’t want to move into that home.

The main thing for them is to not own a house together anymore. They are going through a divorce.

My wife and I are considering buying one of our friends homes. We currently have five SFR’s. Thus far we have lived in each one taking advantage of owner occupied financing. We don’t really want to move into this other home and we don’t really want to put down 20%. These are friends of ours and are in a situation that they need to sell pretty quickly. They are willing to work with us any way they can if we buy it from them. I know there must be other ways to get this deal done. I just don’t know how. Any help would be greatly appreciated.

My wife and I are considering buying one of our friends homes. We currently have five SFR’s. Thus far we have lived in each one taking advantage of owner occupied financing. We don’t really want to move into this other home and we don’t really want to put down 20%. These are friends of ours and are in a situation that they need to sell pretty quickly. They are willing to work with us any way they can if we buy it from them. I know there must be other ways to get this deal done. I just don’t know how. Any help would be greatly appreciated.