I just received the below from my Kissimmee property manager. Coronavirus taking no prisoners. “Florida Governor Ron DeSantis has today announced a total suspension of all vacation rentals with immediate effect, remai...
Hello BP,
I'm not an investor yet, but my wife and I are considering holding on to our first home when we move to a bigger place and renting it out. When we move, we'll own the first house free and clear, but are c...
Hello,I have not gotten any rei yet I am located in Scott county MN. I am in the process of paying down all my debts to reduce the cf needed to stop working my regular job. I have been learning a lot about what to rep...
Hi All -Must an FHA loan be one of your first 4 mortgages or is there no relevant restriction? To put it another way, can a 5th+ mortgage be an FHA loan? Are there any other relevant considerations surrounding the num...
Hello, everyone!My general question is how much should you have saved up in reserves to pay for large ticket, "emergency" type items on your properties? We are newbies just getting started. My wife and I purchased our...
I purchased my primary residence 1 year ago in Los Angeles. I went in with about 25% down, and made some renovations. I lived in the property's guest house and rented out the main house. The property is probably ~70% ...
and is the required % down that's required, based on credit score and DTI ? My reason for asking is, I have been hearing and reading that you can get a Conventional loan for 5% down. Well that sure beats having to co...
My family wants to purchase a new home as we have outgrown our current one. We want to keep our current home as rental property.
Here's the scenario:
We filed chapter 7 bk back in November 2009 and it was discharge...
Theoretical scenario: If I can get 180,000 out of my house for a cash-out refinance to purchase another property, should I pay cash in full for the 2nd property and have the cash-out refi on my primary residence? ORSh...