Hunter Nelson
BRRRR Questions: Low Down Payment Possible?
20 September 2021 | 7 replies
Is it pragmatic to do a live-in-BRRRR, house-hack deal starting with a conventional or an FHA loan on a primary residence?
Rachan M.
Landlording from afar
14 September 2021 | 5 replies
Many of the cities on your list are in the Southeast, which is perfect if you want to bet on appreciation but not that great if you want a steady cash flow, if your goal is to generate some passive income target the midwest, and stick to solid suburban B areas, don't make the same mistake as many other OOS investors did chasing high double-digit returns in C-D areas, these returns only exist on paper.
Stephanie Wells
What would you do with $150-175K cash from refi?
23 September 2021 | 6 replies
For a conventional loan, the max loan amount is 80% of the purchase price.
Jane Kai
Buying third home approval chances?
12 September 2021 | 1 reply
Conventional guidelines requires a lease, and no security deposit.FHA requires a lease, security deposit and proof of it being deposited.
Steve Clohecy
New Investor in SE PA
16 September 2021 | 3 replies
Are meet-ups in person or only digital?
Antonia Powell
Advice on partnering on first deal (primary residence)
13 September 2021 | 6 replies
If it's conventional, you can get away with a withdrawal slip, but the down payment is 15% for a duplex and 25% for a 3-4 unit.
Clayton Swansen
Major equity tied up in my triplex!
1 October 2021 | 5 replies
You may be able to access capital with a C/O Refi DSCR loan based solely on the income of the rental property and your credit score if your self employed income & rental income cannot qualify you for a conventional loan.
Shelby Paget
SF Rental in Eagle Idaho
19 September 2021 | 4 replies
Conventional Loan type How did you add value to the deal?
Shelby Paget
SF Rental Meridian ID
13 September 2021 | 0 replies
Conventional 20% down How did you add value to the deal?
Ryan Daniels
The numbers don't work, do they?
14 September 2021 | 7 replies
Financing: Conventional 30yr fixed at 4.75%Purchase price: 215,000Down Payment: 43,000Loan Amount 172,000Closing costs: 3,000Total outlay: 46,000Income:Monthly rental income: (700+700) = 1400Monthly expenses (please critique my % allocations, based off BP calculator recommendations):Mortgage: 897.23Vacancy 5%Prop Mgmt: 8%Cap Ex 8%Repairs/Maint: 8%Water $60/monthProp Tax: $125/monthInsurance: $77/monthResults:Fails 1% rule (Needs 2k in rent or 140k purchase price)Fails 50% ruleCash Flow -$165CoC Return -4.3%https://www.biggerpockets.com/...Bad deal as is, huh?