For anyone has purchased a property using FHA financing, in your experience are sellers still willing to work with you once they find out your financing is through FHA?
Following up on my last post here. In the spirit of brevity, I'll bullet poi nt my current situtation:-House hacking a 3-flat in Chicago; the rents pay the mortgage and I profit 40 dollars a month-If I move out, the b...
My home inspection went great and we signed all the official loan documents the following day. The only item listed by HUD (escrow repair) was the aluminum soffit and fascia (around $300).
Our loan officer suggested...
Hi, My question is can I bid on/buy a HUD home while holding an FHA mortgage that I haven't lived in for a year yet if I state somehow/somewhere that I won't move out of the FHA financed home until I've stayed one yea...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $402,000
Cash invested: $25,000
Bought and remodeled a duplex utilizing FHA financing.
What made y...
I'm looking to buy a single family house with FHA financing. I have looked at the County website and they have forclosure auctions online, not looking at tax deeds. My lender says the home has to be in livable conditi...
I’ve been having a hard time getting an offer accepted on a multi-unit using FHA financing, so I decided to switch to conventional 5% down. My lender told me: “In Cook County your combined income (you, your wife and r...
Just talked to my lender who said I HAVE to put 15-20% down for a conventional loan on a duplex. Is this accurate?
Anyone familiar with this concept?...are there potential pitfalls?
Hello, I am newbie looking to start my investing journey with a rental property in Scottsdale/Phoenix/Tempe/Mesa, Arizona. My agent and I have been looking at the MLS for a couple months but haven't seen anything we w...