All Forum Posts by: Joseph Saez

To make this clear, I am looking to purchase a primary resident. Even if i go with an FHA 15K wouldn't be enough unless I get in a 3% program. That being said, if I would like to go conventional route, what are my options for down payment assistance if I need 10K vs. 60K. Any options?

@Steven Wilson I wouldn't mind getting into a 3% down loan with no PMI if I knew who offered them or their names lol. Is that the hme possible loan you mentioned? I am looking for a single family home just in case that makes a difference. What were your numbers for your Duplex if you don't mind me asking. Is your taxes included in your mortgage payment? Paid into escrow?

I am looking to purchase a home for $400,000-$450,000K but am having a rough time come up with that 20% down. I don't want to use FHA due to insurance and taxes being rolled into my mortgage making my mortgage higher then it evidently should. Any ideas? Only have about $15K on hand. What are my options for the other $65K?

Good evening all!

What I am looking to do is get out of my FHA by cashout refi, use the cash for a down payment, (where I live I can get into a Multi-Unit home with FHA with just 3K down) and get into another FHA for another home. Wise/start idea? If so, was looking to do that until a positive cashflow(again where I live after 2 homes I'll be at a surplus of about $700-$1000 a month. If not, how should I acquire my 2nd investment property? Thank you all in advance for your responses!

@David Kelly

Thanks for your response!

What would be the scenario for both?

@Deborah Repaskey

Good evening!

How did it turn our for you? Is this something you recommend as I am currently looking to refinance my primary/income property(i live downstairs rent upstairs). Wondering if this is something I should move forward with. Thank you!!

@Isaac L. Grant I know this is 3 years ago, but this is exactly what I was thinking. Ever get some answers outside of here?

This is incredibly helpful. Thank you so much!

Bank REO: 33k

Repairs: 20k

ARV: 90k

I just don't know how create a professional investment opportunity offer.... Any help would be GREAT!

Super interested in the reply. Also interested in on how to present it to an investor! Good luck! Hope you get your answer!