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All Forum Posts by: Account Closed

Account Closed has started 9 posts and replied 30 times.

Post: Best duplex\triplex\multi loans?

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
@Matthew Enos Steve Bracero Oh ok, now im getting the picture. Thank you guys for the feedback!

Post: Best duplex\triplex\multi loans?

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
@Tim Puffer So is the 203k a loan a separate loan added to the mortgage loan even if you purchase a property at approved max $?, is it through the same lender as well?

Post: Personl loans? Down payment help

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
@Caleb Heimsoth Got it! Thank you

Post: Personl loans? Down payment help

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
@Bob Okenwa thank you for your response it was very helpful, i will now look into borrowing from my 401k. Also in when is it best/useful to take out a personal loan when RE investing?

Post: Personl loans? Down payment help

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
Hey BP, whats your take on taking a personal loan for the down payment of the mortgage first property investment? Is that possible, do such banks allow that? Is it a bad idea? Any feed back would be helpful, thanks! Looking in CT btw

Post: Best duplex\triplex\multi loans?

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
@Charlie Hyatt how did you get your down payment to 1% if you don’t mind me asking ? I thought 3.5 was bare minimum

Post: Best duplex\triplex\multi loans?

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
Steve Bracero is there a guide/handbook to screening i can find that you know of?

Post: Best duplex\triplex\multi loans?

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
@Alex Cornwell yea i guess letting them know on their birthday card would be awkward haha i guess it would definitely be easier being more stern with strangers

Post: Best duplex\triplex\multi loans?

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
@Steve Bracero I guess im more willing to chose family over strangers because Im nervous of the outcome due to all these Massachusetts tenant protection \horror stories I’ve heard of. I guess i will check that site out, and Yes i will be taking the land-lording workshop next month! Thanks for the feedback.

Post: Best duplex\triplex\multi loans?

Account ClosedPosted
  • Enfield, CT
  • Posts 39
  • Votes 5
Hello, im Gabriel from Enfield,CT currently on the search for a duplex/multi around CT or MA as im more familiar with MA. This would be my first purchase/investment with my fiancée..i got pre approved already for fha 225k thinking of getting a 203k loan as well, planning on occupying and renting refi to conventional loan once i have enough equity then take another fha loan and do the smae process if all goes well...i would like some help with some questions that come to mind since im brand new to all of this. Question 1: Is there a no moneys down or 1% down payment loan i can get a hold of or is the fha 3.5% the limit? Question 2: Would you recommend renting out to family for your first tenant starting out Question 3: I’ve taken a state first time home buyers class and been certified, has anyone got any help whatsoever from a certification like that for a duplex? Looking forward to hear from yall...i really need alot of guidance and im willing to do anything to get ahead. Already looking forward to some local seminars\workshops...anyone know of any good ones please let me know. Thanks