Chance Benjamin
Qualifying for 2 FHA loans
Looking for some advice,
My boyfriend and I are trying to buy another home using an FHA loan. We bought a home with a FHA loan almost 2 years ago. We are not married but we own the home jointly. We would like to buy ...
Yogesh Bhadane
Big hit for investment mortgages
I am seeing significant increase in investment loan interest rates due to recent announcement from Fannie Mae.They are limiting investment loans intake and Lenders are asking significant down payment like 25% with 4.6...
Mark-Anthony Villaflor
Negative Cash Flow after Cash Refi Strategy
Good morning BP members! I'm interested in getting a couple more properties while rates are still low. The downpayment for 1-3 new rentals would come from a cash refi I'm looking at doing on two properties I purchased...
Josselyn Palma
Can I qualify for an FHA Loan if I already have a conventional loan?
Hello. I am ready to buy another property and I thought I would qualify for an FHA Loan since I have a property under a conventional loan that I am renting out to my tenants, but people are telling me I do not qualify...
Carlos Ortiz Perez
Are DSCR Loan good?
I heard recently about DSCR loan’s. What’s your opinions about this type of loans? Should I consider using this loans?
Graham Mink
Debt Payoff or not?
Hello,
Looking for some input from the BP Community.
My wife has $15k remaining of outstanding student loans. Our payments are $300/ month and the interest rate is at 3% fixed (2% after tax deduction). ...
Clint McAllister
Zoning Causing Losn Issues: Buying House with Detached Guesthouse
Hey all, I am currently under contract and ran into a big curveball weeks into my purchase. I’ll explain:I am currently renting a house in St Petersburg, FL with a detached garage/apartment on the property, which my l...
Royjamain Etheridge
I don’t know my next move
So I’ve been really debating on purchasing my first home . I know I really want to get into rental property investing , so I’d like my first home to be a small multi family unit . I heard about the FHA program where ...
Steven Vega
Subject to on reverse mortgage with intentions to hold as rental.
Hey everyone!Very excited to share with you my very first investment deal my wife and I are currently working and we are in need of some input. We have an off market deal (actually owned by a family member) currently...
Reggie Rearden
Portfolio loan vs cash out refi-What would you do?
I'm in need of some wisdom from experienced investors. I'm trying to find out which route to take between Portfolio loan, refi, or if there are other options. Here's my situation: Property #1- Single unit commercial b...