Miguel Anaya
FHA Can I rent it out .
22 May 2019 | 4 replies
Here are some benefits for Home Possible: Reduced Mortgage InsuranceLow Down Payments: LTV of 97% on 1 unit & 95% on 2-4 units within standard conforming limits.LTV of 95% 1 unit, 2 unit -85%, 3-4 units 80% for super conforming.No income limit area's can be looked up on Freddie Mac’s website; Freddie Mac Home Possible Eligibility
Angel Velazquez
Using Hard Money for a Primary Residence
11 January 2023 | 15 replies
You will only have one closing instead of several, reducing the various fees you will pay through the multiple loans you are proposing.
Austin Olivas
NEW TO HOUSE HACKING (First Time Buyer)
12 January 2023 | 3 replies
Reduced loan amounts?)
Richard Yount
Personal Residence with Two In Law Suites
3 November 2016 | 8 replies
I would spend $2k to reduce long-term expenses $125/mo any day of the week.
Rob Krin
Hard Money Lending and Creative Financing in the BRRRR Calc
30 July 2016 | 7 replies
@Rob Krin, looking at your BRRRR calculator output, I noticed a few things:You need to enter a down payment (currently shows as $0 under Acquisition) to reduce the amount financed up-front.More importantly, you probably didn't select INTEREST-ONLY for the acquisition financing.
Clark S.
How to bill tenants for heat using only central hot water system
12 January 2023 | 5 replies
This takes a little more work, but it's the most fair and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.
Zach Stiegler
I Qualify for $700k SFH 5% down, but need 15% for $700 Duplex?
12 January 2023 | 13 replies
Good news, I've spoken to make lenders (FCU's specifically) and actually found one that does "Essential Worker, Zero Down Payment" program that has reduced rates and no rules against already owning houses in the area.
Charlie Morales
Investing with a Partner
18 May 2022 | 4 replies
I think it's a great way to start investing as it reduces the amount of risk each partner carries.
Kris Pisacane
Property Under Contract and FHA Self Sufficiency Test Failed
4 December 2022 | 11 replies
Are they rejecting it or just reducing the amount?
Albert Thuilot
4th cash flowing ltr in Gulfport
25 April 2022 | 1 reply
All cash no inspection purchase from an investor reducing his portfolio by 10 properties.