All Forum Posts by: Monish Lillaney

I'm not sure my new property will be approved for FHA loan as I'll be borrowing about 1 mil on the loan and I believe there are limits of about 550k -- and I plan to househack, im just looking for the best rates and how to do it

Hey All, I currently have a 2 family that I rent out and live in one of the bedrooms. Was able to get a conventional 30 year for 3.875% because it is owner occupied.

Just got an offer approved for my second property, a 3 family home. How should I finance this (other than sellers financing or putting 25% down and classifying it as investment property, a rate of 4.875)?

My lender is telling me to make the new property a owner occupied since it is bigger loan value at 4.275% and change the first loan I got from owner occupied to investment property at 4.675%... Thoughts?

Hope to hear some creative solutions here!

I've decided its a little too high risk for me, after learning that a million of meth was recently busted at the corner sub shop, 4 people getting stabbed in one night in the neighborhood, and the likelihood of selling the home in a buyers market looking slim, it's best to refrain from such deals in my personal opinion. Thanks for chiming in

I thought this was a state run program... overall how is the rental market south of downtown Manchester? Im trying to get a better handle on the rental market there...

There's a multifamily available that is rented to Hope for New Hampshire, an addiction recovery outlet, and I'm wondering if this is a reliable long term source of income as tenants? I don't know much about the program, or longevity for tenancy but know that they have a one year lease signed. As anyone ever signed a lease to a clinic that houses addicts with supervision?

Thanks Linda, thought for a moment the cash back could offset the water bill.... I spoke with Citibank and it all ddepends on what the mcc code is that they use

Does anyone have a citi doublecash back credit card, and use it to pay their mortgage? I'm trying to figure out if you can use this in that manner and if there are fees associated with it