Amha Demissie
house hacking as second home buyer
26 June 2024 | 4 replies
You’re spot on, you can potentially use a 3.5% down FHA loan for new financing if income and rents from the other three units are sufficient.
Sweta Jain
LLC for rental unit
26 June 2024 | 8 replies
Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.
Richie Schembechler
Use HELOC/ Roth IRA money or delay investing in real estate?
25 June 2024 | 4 replies
If the equity is sufficient for the down payment and qualifying for the new property there are some excellent HELOC or even fixed rate second mortgage programs available.
Kevin Kim
Can You Share Your Experiences with LGBT Couple Tenants?
27 June 2024 | 37 replies
I think we've answered the question sufficiently at this point.
Drew Vrska
New Real Estate Investor
24 June 2024 | 4 replies
I've seen lenders exempt years spent in college as "work history" but the borrower would still need to have sufficient funds/reserves and a solid credit score.
John Asher
DSCR loan low rental appraisal?
25 June 2024 | 17 replies
Usually a 1 to 1 or 1.25 is standard..or the $1k needs to be sufficient to cover the PITI of the proposed loan.
Chris Carrigan
Refinance STR HELOC to conventional
23 June 2024 | 3 replies
Otherwise a typical DSCR loan based on market long term rents should be sufficient to qualify?
Edward Condon
Respectful Inquiry to the Admins
23 June 2024 | 10 replies
It seems to me that these are sufficiently dissimilar endeavors.
Austin Cox
Looking to free up VA entitlement - what are all of the options?
22 June 2024 | 4 replies
Hi Austin, you can refinance using any of the noted types of mortgage qualification types assuming income is sufficient.