Nathaniel Ziomek
FHA 203k vs. Fannie Mae Homestyle Rennovation Loan (+ HomeReady)
Hey everyone,I was wondering if anyone has particular knowledge of the Fannie Mae Homestyle Reno loan: Specifically, how does it compare to the FHA 203k loan when grouped together with FannieMae HomeReady? What are th...
Alan LeMay
Next Steps? Seeking Advice
First off I apologize for the lengthy post. This is my first post in this forum but I've been lurking for a long time and love this community.Background info: Wife and I are both military making ~ $130K salary combine...
Nicholas Newbould
Using Conventional Loans While Still Protecting Yourself
Good afternoon BP Family. Huge question for your all. My wife and I are looking at buying our first property this year. I have a question about using conventional loans. My wife and I both hold full time jobs and have...
Lori Lloyd
Protection from the Financing Owners bad decisions/situations
With the market shift on the horizon I expect we will begin to see more sellers show interest in Owner Financing as an option. I've found that nearly all attorneys in my area warn strongly against it (most will not ev...
Robert Kohnfelder
Need some opinions: 1 owner-occupied property down... Now what?
Hey all,I've checked out a handful of BiggerPockets forums/topics over the past few months, but I just signed up today. I'll try to keep this under a million words. Also feel free to let me know if I'm in the wrong se...
Lindsay West
How to subdivide land?
I want to know how easy is it to subdivide land so I can build a SF new construction on the land. I’m using a hard money loan to finance the deal. The land already has one single family home on it but could easily fit...
Michael Sellers
Owner Occupied Loans
Hi everyone,I live in a more expensive market, so I’ve been considering using an owner-occupied loan as to only have to provide 3.5% (or something similarly low) for the down payment. I’m priced out of my local market...
Ashley Parker
How to make sure a private lender is legit?
I have been talking to several private lenders and for some reason I keep getting thrown for a loop. Everything starts off seeming legit and then things turn and I start second guessing the lender. I have found two th...
Copeland Duhon
A “seasoning” question
If you purchase a home with cash do you still have to own it for 6-12 months before refinancing?
Yacoub Shack
How long should your mortgage be for a rental property
Hi looking to getting my 1st property. I’m trying to understand how long should my loan term be I have been pre-approved for 30-yr loan but don’t really understand how it will make money. I know to make sure the rent ...