All Forum Posts by: Leah Brooke

Seeking some advice on who to ask for a quote on a porch repair of the concrete slab. In contract now and inspection at the end of the week, so really am looking for a quote to know the cost of the repair. Recommendations or advice in this situation?  

How hot is the Denver multi-unit market? Is it most common to offer above asking? Also, what percentage of them would you say are cash offers?

As a follow up to this-- what kind of fee should be expected in Denver from a property management company for a quadplex? TIA. 

@chrismason Your input is really helpful. I think your comment about the 95%LTV Conventional program is the same with regards to the Home possible program-- the income cap means you don't qualify for cost of properties in Denver proper. We looked at qualifying for Home Possible with just one of our incomes (not combined household) and the max amount was half of what properties cost here. 

@LizzieCarver What neighborhoods in Denver have no income cap? I looked at the map and couldn't find any!

Denver locals-- any suggestions for recommended banks to look at a conventional loan for a duplex ($500k) that would accept 5%down? We may still go for the FHA loan (with 3.5% down), but for the offer would want to have a conventional loan letter at least.

Wondering if you were able to finance with an FHA or conventional loan for 3.5% or 5% down? Have these same questions to try to purchase a duplex in Denver now.

For a multi unit (duplex) that will be owner occupied, does the 3.5% downpayment not apply? Broker today said FHA multiunit requires 15% downpayment. In Colorado.