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12 November 2024 | 1 reply
1031 exchange and conventional How did you add value to the deal?
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5 December 2024 | 554 replies
If crypto was going to replace conventional money as a medium of exchange — a means of payment — surely we should have seen some signs of that happening by now.
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11 November 2024 | 11 replies
I am not really a fan of the program because we have a very nice situation in our current home.Putting 20% down for a conventional loan is a steep task financially so I do not think that is an option plus I have been told by many of my friends with multiple MF homes to never use your own money to get into one.Then there is always using the equity we have built up in this current MF home we live in to purchase the next - I am not sure how that works but have done some research on home equity loans and believe that would be another option.Any advice would be greatly appreciated!
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21 November 2024 | 39 replies
I do have an LLC to buy some properties with commercial or DSCR loans since I tapped out with 10 conventional loans a while ago.
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14 November 2024 | 22 replies
Having a reliable lender with experience can help guide you to the best options for your qualifications, however at a minimum if trying to qualify for a conventional loan you'll need at least a 620 FICO mid score, other options are FHA using lower scores.
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14 November 2024 | 15 replies
You can use a Conventional owner occupied and as soon as you bring the equity to 20% through many invested or appreciation you can reappraise and drop the PMI.
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11 November 2024 | 6 replies
You can indeed transfer the FHA loan into an LLC if certain criteria are met, though your bank may exercise its due on sale clause and require you to get a new conventional mortgage.
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12 November 2024 | 6 replies
If so, then it could get messy. 5% down is conventional so I don't think it would show on an appraisal, in that case you could work on doing an escrow holdback i.e. the seller holds a certain $ in escrow with the title company based on the quotes you receive.
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9 November 2024 | 10 replies
Preferably with 30 fixed conventional loans!
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14 November 2024 | 10 replies
9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.