Mike Silva
Happy to be Here!
29 January 2024 | 10 replies
I have always had a passion for personal financing and building wealth which I feel helped dampen the learning curve into the real estate industry.
Will Bazile
Saving for/during house hack
29 January 2024 | 24 replies
I'd be interested in checking them out myself.As far as your other questions Will, I think your goal should be to save at least 10% of the total target purchase price if you are going to be using FHA financing and 15% if you are going to go conventional to finance your house hack.
Hyeseong Park
FHA vs FHA 203k Loan for House Hacking
29 January 2024 | 3 replies
Yes - You have two options in terms of primary home - FHA 203K or Fannie Mae renovation loan for primary homes "Home style program".FHA carries a life-long MIP (Mortgage insurance premium .55x loan amount/12) plus a 1.75% upfront MIP 1.75% x loan amount financed into the loan> FHA does allow higher DTI ratios front and back.Fannie Mae - PMI falls off at 80% LTV- PMI typically has a lower ratio versus FHA ,55% compared to .25-35% for an example with good credit (above 720) it drops for higher Fico scores (less risk).Both loans can be a painful experiece for the buyer if there are any issues with builder, work delays, inspection issues after work/draw phases, and overall turn time from application date to close.
Guillermo Nadal
Great deal in columbus georgia
29 January 2024 | 3 replies
Thrid owner to finance to a spanish contractor with good down payment around 10k-15k ( i did 12 of those this past year).
Tim Aiken
Working toward improving my knowledge of Real Estate
29 January 2024 | 5 replies
This will not only help you keep your finances organized but also establish credibility with potential partners and clients.2.Utilize Tools and Technology:Equip your REI business with essential tools such as a Customer Relationship Management (CRM) system, Multiple Listing Service (MLS) access or real estate software suites, a professional website, digital business cards, and a Facebook business account.
Shakil Ahmed
Anyone in Tampa Bay area here?
29 January 2024 | 8 replies
I am currently targeting creative finance deals/SUBTO as part of Pace Morby's Community and member of GoBundance Emerge.
Jonathan Berry
Introducing Myself to the BiggerPockets Community
28 January 2024 | 3 replies
Do you have any experience with utilizing financing for properties at auction?
Robert Johnson
Reasonable to turn a garage into a STR to house hack in Austin?
29 January 2024 | 9 replies
If one doesn't pull permits and the garage conversion is out of code then its very likely that the property won't allow for typical financing such as fha, etc.
Erick Duran
Refinance Suggestions in Canton Ohio
29 January 2024 | 13 replies
I am in a similar situation as you and wondering if you found a lender that would assist.Thanks, Hey Dan - It's harder to find lenders that'll finance properties with lower values, but they're out there!