Jose Leandro Gobea
personal income or property's cash flow
Good evening, everyone. I have another question similar to the one I asked before. When I am going to buy a property, how important is my income if the property is going to be rented out? I want to buy a fourplex and ...
Logan Allec
Non-Taxable Income for FHA Loans: Do 401(k) contributions count?
It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...
Shane Bishop
FHA vs. Conventional Loan: Which is better?
Hello everyone,My wife and I are just starting out on our real estate investment journey and on the Bigger Pockets podcast, it seems that they highly recommend using a FHA loan when starting out and purchasing a multi...
Callen Christensen
My awesome new platform business and some naive questions
Hello everyone! My name's Callen and I'm super excited to be part of this awesome network of people. I'm 19 years old and live in Fairbanks, Alaska but just recently opened my business in Salt Lake, Utah. We are calle...
Christa P.
Newly *only* self employed, need approved for loan
I have had a rental real estate business on the side for the last six years. I continued to work during that time and always used my paychecks and W2s to get financing for each of the properties. As of January I am on...
Eric Jun
FHA Loan Requirement on Rents for 3-4 Unit Multi-Family
Hi.I have a 3-unit multifamily property under contract and I'm planning on applying for a FHA loan with a low down payment. Is there a requirement that the total monthly rent from other units has to be greater than th...
Austin N.
Looking for an investor/agent in South Bay/Long Beach market
Hello BiggerPockets!I am looking to buy my first 3-4 unit multi-family in the next few months and am looking for an investor/agent with experience in the Long Beach/Carson/Torrance market. Plus for experience with FHA...
Christopher Grobbel
FHA Insurance Denied After Closing
We closed on a property in April. Our lender just reached out and informed us the FHA is refusing to insure the loan. This means our lender is kind of stuck and the loan is going to stay on their books. They want th...
John Huynh
Loan options for multi-unit in Chicago
Hi all, I am looking to invest in a multi-unit in Chicago. I see that FHA has a low down payment of 3.5%. I wanted to research other loan options as well. What other loan options are there and what is the down payment...
Kenn Mccomas
New to Multi-family and need advice
I want to jump into MF but I'm unsure how or where to start. I hear a lot that its easier than single family and I have found properties I'm interested in but I don't know where to begin on financing, or even how much...