I don’t have experience on record and my credit is low so I can’t get a loan on my own .

My fiancée and I purchased a small starter home (2 Bed-2 Bath New Construction)  approximately a year ago using an FHA loan.

Hello BP Community,I've been following the social media channels closely and decided to hop on here and say hello 👋🏻I'm Marco, and I'm 29; I was born in Italy, traveled the world with my wife for the last four years, and eventually settled in the Canary Islands for 1.5 years.I hold a PhD in Electrical Engineering and have worked in tech for the last five years, which eventually granted me an NIW green card.We (my wife and I) hold a $1.2M+ portfolio of 4 self-managed short-term rental properties (across the Canaries and Italy) and a long-term property in Rome, Italy, that we rent out to students.

Those ultra-low literally never in a lifetime loan % is a result of the Fed dropping the Fed Funds to 0 in 2020 and keeping it low for 2 years, while at the same time buying mortgage backed securities, all while the market was booming.

Lending is not a job for a do-it-yourselfer, and a title company is not the place to get loan documents.

Review your loan documents carefully.

Coventional Loan

Coventional Loan

My last two clients closed on houses that became 8 bedrooms rent by room house hacks that cash flow, so it is possible in this market.2) Multifamily - Purchase a 2-4 unit property with 5% down conventional loan, and live in one unit and rent out the others.

Can someone help explain the balloon portion of the loan?