Also I know that some lenders have an issue with making loans if there are more than 2 layers of roofing over the deck- this would make you have 2 layers if you do not remove the shingles.

Just out of curiosity - has anyone heard of lenders declining new borrowers for assumable loans, even with strong qualifications?

If you have an FHA loan on the Duplex you need to have lived there for one year.

Hello, so I've seen that FHA loans do not like you to rent out your property until after you've lived in it for a year, and then even then, they seemingly are not compatible at all with short-term rentals (under 30 days), like for Airbnb.

I had a great lender who was able to brainstorm options with me being newly self employed to get me a DSCR loan.

I mean I passed the national and state test and I have never in my life done a conventional residential loan..

This sounds more like a personal loan, or if this is legit they might charge you a ridiculous interest rate.No closing costs?

I am looking to purchase my first rental property for student housing.

Acquire the land through a seller-financed deal for the deed to the land and use it for collateral to cover the 20% down payment needed for the construction loan.

Got approved for an HM Loan, and it mentions that the construction portion of the funding will be held and construction draw requests will be sent accordingly.