We did a 5% down conventional loan which means we are obligated to live there for a year.

If it's not a good investment property the numbers will tell you.Jaron,We brought the present home in 2012 as our first home.Its a new construction.I did run the numbers on the existing home.As I mentioned we paid 212k in 2012.Took an FHA and refinanced to conventional a few yrs later.(3.5% for 30 yrs Balance on mortgage 160k).Mortgage runs to 1200/month.Our property can be rented out as is for 2000/month.Its a 4 bed 3 bath and rents in our community start with 2000 range for our sq footage.I want to pay off this house asap in next 5-6 yrs and free up money to invest in another house.The houses in our community are in 450k+ range.Hubby is preapproved is not the reason for another house.The other house is right opposite to our community  and is a 5 min walk from our house.So its not a big move.Except that I want to move closer to our kids friends.Our lender metioned Heloc maybe a good choice for further investments.I want to explore Home Equity Loan route to be safer.I am still a layman in Heloc route and dont want to burn fingers.Any advice.P.S.What is COC? 

DHL , which I've used in the past to close a conventional loan from Bahrain, said 3 - 4 days (it ended up being 5).  

If a mortgage lender pulls your credit, any other inquiries that are coded the same way do not affect your credit score for 30 days.If you are potentially buying more than one 2-4 unit property (house hacking), there is a strategy to the order in which to use your VA benefit, FHA, and Conventional financing. 

If I'm using a conventional loan that offers 70% LTV on a cash-out refi, I calculate the maximum loan I can get.  

Your next option would be 15% down payment on a duplex or 25% for 3-4 unit with a conventional mortgage for a primary residence. 

I'm wondering which is more beneficial: Refinancing using an FHA streamline loan for a lower interest rate or conventional to get rid of the PMI?

Hello all ,My wife and I are in the process of making a plan to invest in our 3rd property , we have our primary which we just bought with a conventional loan a couple weeks ago and we have our rental property which we put a tenant in just a few weeks ago also.We plan on using a equity loan from our rental to use as a down payment on #3 , my wife has brought up a solid point as how will the banks loan us a investment loan with debt to income ratio being a factor as if they will or won’t loan us the money.I would like to receive feedback as how others have done it and what strategies they’ve done.

With rates right now I was able to go conventional How did you add value to the deal?

I am looking for places now, although I must continue to save the 3-5% down for the conventional or FHA loan.