When you are going to be living in one of the units you can use a low money down loan with a down payment of 3.5-5% down and live in the building for one year and then if you’ve saved enough for another down payment you can then put another 3.5-5% down on the next building and live there for a year and keep doing this year after year and build up a nice portfolio this way.

I was told by the Trustee, I could finance the condo instead of buying it with all cash.However, since this is auction property and doesn't allow someone to do inspection from inside most of the lender are suggesting that get a hard money loan instead of conventional investment loan.hard money loans are expensive (12% to 13% + origination fees).Does anyone has done this before with conventional investment loan where you don't do the inside appraisal.or any recommendations for lender who can help achieve this?

Hi, MLO and investor looking to sell one of his investment properties in GA. Can the MLO recommend buyers to use his broker services on the listing to find lender? What do you reccomend as best approach to get this ac...

Loans are no ubit.

@Annette Yim- if you are working with a  realtor - ask them these questions ...if you arent working with an agent - consider doing so  until you  get  experience to  work without one ......also - if you will need to use a loan - make sure you are fully  pre approval before making an offer 

After the last refi the new mortgage loan was $170k and sold the house for $270k so I thought I was going to owe on a gain of $100k but she says I'll owe on a $180 gain because she's calculating on all 3 gains. 

Hi, I'm a realtor in Bloomington, IN and I want to learn as much as I can about the VA loan process to serve clients.

@Andrew Steffens  That would help ease our fear of putting all our money in one place forsureAre 10% down investment loans a thing???

Hey i was wondering if anyone knew any dscr lenders that would be willing to take the 2nd position on a loan, i have a property in Oakland california where the seller is willing to finance 85% of the purchase price at 5% interest, The asking is almost 4.6 million on an 18 unit apartment, i dont have the down payment for the remaining 15% which would be 689,250. the seller is willing to come down on the price and at market the apartment brings in 41,255 per month, tenants pay thier own expenses. i tried calling a couple of lenders but they said they wouldnt take the 2nd position or would only finance until 90%.

Using an FHA loan, I'd put down 3.5%, although this would stretch my budget slightly.