Hello Everyone,I bought a home back in January 2024 using my FHA loan and I received a call from Atlantic Capital Funding saying that I could FHA streamline (interest reduction) from my 6.625% to 5.7% and could even get two mortgage payments covered, (allegedly).

There is also an acre lot and garage and the price point is well below any equivalent newer trailers or stick built homes of similar size in the area (probably 50% of their value).

The neighborhood I'm looking in is a pretty rough, which is why homes are so cheap, but the opportunity is there to provide clean, safe, and affordable housing for a Section 8 voucher holder.

I have about 25000 saved up and I'm living at home for free how much of that should I spend on a property or save.How does someone truly manage a property "effectively" from a distance?

Hello,Looking to speak with an expert in the spec home lending space.

Hi BP Community - I am under contract for a 2 family home in Bound Brook, NJ built in 1880.

These are not the kind of homes that are going to cashflow for you. 

They were in model home condition. 

My brother and I purchased a home 18 months ago in which the seller wrote us a fixed 4.5%, 5-year mortgage note as an incentive for a quick closing.

I want to offer me purchasing their home  but I dont want to go the bank route because I can't afford to put a downpayment more than 50k & have a mortgage of 7k.