All Forum Posts by: Ralph Chappelle

Can someone please advise, when looking for a mortgage company is it wise to submit your financial documents To multiple mortgage companies at one time? Also it is my understanding that by submitting to multiple companies within a one month period It only counts as one hard inquiry on your credit report.

Is it possible to take money from a 403B plan to go toward a DownPayment on a FHA loan?

Thanks Nick for shedding some light on the process. With all these variables how do you run the numbers on a property if you're planning to use a FHA loan How do one determine if the property will produce a positive cash flow when using that type of loan?

Good afternoon....I've been reading the book on rental property Investing. A wealth of information however I do have a question. When doing the numbers to see if a property will return a positive cash flow in relation to using a FHA ****. Do I have to account for anything different of course my down payment is smaller than if I used a conventional 20% down payment to get started and figured FHA would benefit me better to start out...Nervous but yet ready to dive in!