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All Forum Posts by: Arnell Brady III

Arnell Brady III has started 0 posts and replied 2 times.

Multi-Family and Apartment Investing

Post: Home Possible Loan questions

Arnell Brady IIIPosted
  • Specialist
  • Chicago, IL
  • Posts 5
  • Votes 2

@Daniel Burant Great questions, and I like that you did your own research. A lot of times some lenders not very well versed on specific products will miss the fine details. With regards to home possible, they use borrower income and not household. Some programs will use household and then your scenario would not fit. 

Home possible also does not have recapture clause, minimizing the amount of time you need to stay in the home. There are some specifics on that, but generally speaking you can purchase again in 6 months-1 year. Great program choice! 

1 Vote
Multi-Family and Apartment Investing

Post: New to BRRR in Chicago suburbs looking to network

Arnell Brady IIIPosted
  • Specialist
  • Chicago, IL
  • Posts 5
  • Votes 2

Hi @James J Luka welcome! PM me and I can connect you with a few local meetups! 

1 Vote