John H.
Can I get a multi-family unit loan for 5-10% down?
Where can I find loans for multi family units at 5-10% down? I'm a first time invester with good credit and have a 4-plex I would really like to make on offer on...
Carlos Rodrigues
Refi After Home Improvements Shortly After Purchase
Good evening y'all. I finally purchased my first two unit property last month here in Union County NJ. I got it for $274k and I'm putting $25k into it, completely renovating it. I was thinking if I'm able to refina...
Jon P.
The hypocrisy of tightened lending standards and the increased presence of PMI
With lending standards just now beginning to loosen from a historic tightening, I find it bizarre (and frankly, offensive) the idea that Private Mortgage Insurance will now be something that will be permanently affixe...
Jason Wright
Pre-approval for an FHA 203(k) loan or a USDA loan?
Hello BP!This is my first post in the BiggerPockets forums - I searched through the database and didn't find an answer to this question yet, but forgive me if I overlooked it somewhere. I am currently going through my...
Suzette Kim
FHA vs. ARM vs. 30yr fixed on a duplex
Hello,
New to real estate (my first BP post!) and I'm looking to purchase a duplex to owner occupy in Milwaukee as a first home purchase. I'm in the process of pre-approval and I'm still on the hunt for the right pro...
Jessica Thomas
Which loan? 97 conventional or 96.5 fha?
I'm looking into purchasing a single family home in the mid 300s range. Income is more than fine, debt to income is 5%, only issue is credit is only 650. All the lenders I've talked to keep pushing FHA but I'm afraid ...
Reese Hamilton
First time home buyer and investor: FHA or No FHA?
We don't want the higher rate of an FHA and we don't want to pay MIP, but if we utilize FHA we could potentially put down two more 20% down payments on investment properties in the next 12 months. The way I see it I n...
Willie Bradley
FHA Loan to buy a Property
Hello! I am looking for some advice. What are the positives and negatives for a FHA loan? Since I don’t have much in cash ($600) I want to use that loan to buy a property. Particularly, an apartment. Any advice? I am ...
Jesse Lawrence
Mortgage options
I am looking to buy my first real investment property. It is for 125k with estimated 25k in rehab to make the basement into an apartment. I will live on the main floor. Rental of basement will be around 800-1000.
My ...
Evan St. George
First multi-family: to go FHA or conventional?
Hi everyone,I'd welcome advice/input on this situation, if anyone is willing. My wife and I are in the process of finalizing an agreement for a 3-family home (our first) in upstate NY (Rochester area). Based on conver...