Brian Nordman
FHA MIP Refinance Advice
Hi everyone! I'm looking into doing a deal on a duplex in which I would live in and finance through an FHA loan. Obviously, I understand there is an upfront premium at closing as well as mortgage insurance premiums in...
Lyuba Barrington
Buying owner occupied 4-plex with FHA or VA loan
Hello everyone!I think I've read everything (on BP forums) regarding 4-plex bought by owner-occupant.Question: Does anyone have recent experience with VA or FHA loan on a property like that?My buyer is concerned about...
Joshua Rountree
Refinancing out of FHA loan
Hello everyone,I am a new investor just trying to get my education in order before taking on my first deal. Something I am considering on my path, is to house hack using a FHA loan to get into my first property. I und...
Account Closed
Financial advice please?
I would like some advice on what to do with my finances at this point - if I should do anything at all.Portland, Oregon:Currently, I have a SFR which gives me around $300/mo cashflow on an FHA loan at 3.25% interest r...
Paul C.
Cons to FHA Cash out Refinance
Hi, I'm in the refinance part of my BRRRR project and was given options of FHA vs conventional cash out refinance. I'm using the cash to pay off my HELOC and then use the HELOC to purchase another property. In compari...
Nicholas Martinez
FHA or Conventional Mortgage for 1st-time Investor? HELP NEEDED
I am looking to do my first deal in the next year to start my REI career. I am planning to purchase a single-family home to house hack for a year then move into a 2nd property while renting out the 1st. My questions s...
Luca Mastrangelo
Can you refi to new higher assessed value and eliminate PMI?
Im looking to buy a property in MA that I can live in for the next 2-5 years and then rent when Im done. Properties range from 300-400k. I could put 20% down but will leave little to no room for improvements/work th...
Gerrard Allam
PMI for Life of Loan or till 20% Equity?
Hello BP Community, So I have a question and thought I'd take it to the larger community. I have been told and have heard conflicting information about Mortgage Insurance when it comes to FHA loans. I was under the im...
Riley A Holzmeyer
Using 50% Rule with an FHA Loan Question
So the 50% rule is taking 50% of the rents and saying that will put towards operating expenses. So what is left is used to pay for the mortgage. So when dealing with an FHA loan and having extra payments like MIP. Wou...
Bradley Dosch
Second House Hack Reflection
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $490,000
Cash invested: $30,000
This was my second house hack and first property in Wa state. I actually never en...