All Forum Posts by: Mario Flores

I bought my 1st property march 2016. Im looking into buying a 2nd primary home and renting out my first property. My question is, can I refi my first home just to get the downpayment? Or should I use a heloc. My home is praised at 200000 and I owe 160000. I asked myrealtor what my home was worth. I need only 5%down for my second mortage as it would be a conventional. I would like to stay under 200k

and what would be the requirements

Hey. Welcome I'm from El mirage az. I'm still a newbie

I'm looking into buying my second property.  I talked to my mortgage broker and told me I would need to rent out my primary home to qualify for a conventional loan at 5% down. My question is what if I want to buy out of state? I have family in northwest suburbs Chicago and would like to buy somewhere there.  I'm in Az. Thanks in advance 

i owe $162,000. the realtor app says its worth about $198,000. I have an fha loan on my current home. I guess my other question is, should I refi out of the fha, get alittle money and use it as the downpayment? thanks for your feedback

ok. this is my situation. its basic. primary home worth 162k. Zillow estimate 198k. I want to buy second home. Is opening a heloc the best option for downpayment. mortgage broker told me I would need to rent my home and put 5% down. what other options do you guys recommend

Hi, Im looking to buy my second home for investment. I was looking to see how much down payment would be needed and it all seems about 20%. On my primary residence my wife and I are on the mortgage and the title.  My question is, if I get removed from the property title can I buy a house using my income alone? And not having to put 20% down? If so, who do I need to talk to?  A mortgage broker or a title company?  Thanks hopefully I get an answer

I was 23 when I first bought my mobile home, I'm looking to do some tlc and use the money to buy a multifamily house.

ive yet to really understand the whole process on wholesalers, ive been talking to my friend who I went to high school with and his done a couple flips but not alone so he suggested we partner up, he is a handy man , does it for s living and im a electrician, so we would save a lot of money, now my question is What's your input is? And thank you for takinh your time to respond

hi, im looking on Trulia arround my area and finding alot of condominium and townhouses arround 30k,. Now, im getting 6k back from taxes, would you guys invest on townhouses or condos, or should save it up , I would probably get a hard money lender to finance my loan, this would be my first deal and would like to rent it out, i would love to here what u guys think