Cole Black
Lending in Ontario for a youngster
Good evening BP community, hope all is well. I have spent the past few months learning about real estate investing, I have listened to many podcasts and read quite a few books on buy and hold investing. I feel as tho ...
Cody Richard
Yearly home-buying with FHA loans ... what should I be aware of?
The owner-occupied FHA loan offered by the government is one that is extremely useful for new real estate investors to purchase multi-family homes. Recently, I've thought about the possibility of gradually growing my ...
Ben Parr
Income Tracing on Cash out Refi
I'm currently in the process of doing a cash out refi on my primary, and plan to use the proceeds to purchase more rentals. I am planning on counting the loan as a loan not secured by my home per IRS publication 936. ...
Matt Carter
Insurance question
I'll try to keep this as short and sweet as I can. Here's our situation:
We are relocating to another city (job promotion) and have decided to rent our home. We just changed our homeowners insurance to cove...
Ken Liang
What will happen if I change insurance type to rental with Lender less than 12 months
Hi All
I have one home, and I just bought another house as a primary residence in July 2023. I was planning on renting out the old home and move to the new one. However, one of the family members who is 92 years old ...
George Samios
FHA VS Conventional VS Commercial financing
Hello everyone,
I am looking to invest in my first property but I need some advice on which way to go for the loan. The property will be probably bea multi-family 2 to 3 units and it won't be in my home state. Would...
Dwaun Elam
Need the finer points of Wholesaling Subject 2
I received a lead about a property that sustained major damage. The property has two mortgages a 1st valued at 81000 and a 2nd at 14000. The property now is no longer worth the 95,000 that is owed on it due to the dam...
Andrew Martin
FHA has not accepted my loan for FHA insurance post closing
Hi Everyone,I recently purchased a home with an FHA mortgage, after closing I received a letter from my lender that the FHA has not accepted my loan for FHA insurance and now my loan is no longer an FHA loan. How is t...
Jay J.
Some lenders are not ready to work with Investors
Recently was trying to do a cash-out refi on this property. And have been working with this lender for the past 2 months. Now I am so frustrated that i am thinking if i should close on this loan at all.1. This lender ...
Elin Trinh
3.5% Down Payment Mortgage Insurance
Hi! Several times in the BP podcasts they talk about putting down a 3.5% down payment. When I run the numbers for a property and enter a 3.5% down payment it adds a mortgage insurance fee. They don't talk about mo...