Bryan Pham
FHA vs Conventional PMI (5% down)
Hi BP,I am about to purchase a property and is given two options by my agent. One is do a FHA loan with 3.5% down on a property with an additional 1.75% for the MI upfront or do a conventional loan with 5% down. I am ...
Account Closed
FHA Loan Or Conventional Bank Loan?
Would it be best for my first deal to be though a FHA Loan Or with a Conventional Bank Loan? I know with a FHA Loan I would have to live in the property for a certain amount of time, plus the Down payment is lower 3.5...
Allen Bannister
5% conventional house hack advice needed
I have never bought a house. I want to house hack using a 5% conventional loan. The triplex I'm looking at is listed at 130,000. Its in pretty decent shape other than some cleanup and foundation issues.
The 3 sty ho...
Zach Adams
RE agents and non-conventional Financing
What has been your experience with residential RE agents in regards to investors and non-conventional financing methods? Mostly seller financing, as this is what I'm interested in down the road. To me seller financing...
WIlliam Hernandez
Live in flip with conventional ARM
My background includes renovation, construction and apartment building property maintenance/management. I want to buy a house that needs work and do a live in flip.This will be my first home and I pre qualified as an ...
Kristen Chapin
Mortgages/Refi/FHA/Conventional- What's best?
I have a condo in South Carolina that I got a mortgage in 2011 (ish) for $125K. It was sold to Wells Fargo and a 5% interest rate. (FHA loan). I called today and paid off $8K which took the PMI off the loan. I now ow...
Account Closed
Conventional Mortgage and Investment Property Mortgage
Hello,I recently bought my first investment property in Mesa, AZ and have a 17.7% return on cash invested with 20% down. I am trying to figure out my next move and have a few questions. I live with my girlfriend in a ...
Ryan Saulle
Conventional? Portfolio Lender? LLC? Planning ahead
Hey BP members!My brother and I are about to purchase our first flip property. We have the 20% down, is a conventional loan through a bank the best option putting it in one of our names? Is there a faster or better wa...
Scott Voytko
Conventional investment loans under wife's name
I currently own 8 rentals, with 4 of them with mortgages under my name, and the other 4 with mortgages to my company name using private money with high interest ( they still cash flow so I don't mind the high inte...
Mat Fisher
Conventional lending with foreign earned income
I was told it was “impossible” to get a conventional mortgage on an investment property with foreign income. Is that true? I am a US citizen working overseas and wanted to buy an investment property in the US. Anyone...