La'Terrius Campbell
Loan to Buy First Rental
Hey, guys! I spoke to a investor and he told me about a loan similar to the FHA loan with 3.5% with a 30 year term, without having to make it your residence for a year. He also said you can have up to 10 mortgages. Ju...
Jacob Rogers
Home Possible Single Payment PMI
Hi BP Community!
I am submitting an offer on a duplex in my market as an owner occupant. I am looking to make a low down payment (3-5%) and so the obvious choice was FHA. However, I don't like the idea of paying PMI ...
Antonio Bodley
Where did you get money to buy Foreclosures?
Did you have to spend money out of your pocket to purchase foreclosures? If so, how did you come up with the money?
Alex L.
Requesting help explaining the BRRRR strategy
Hi Everyone,
I have been reading and listening to a lot of BP books and podcasts but I think I need clarification on the BRRRR strategy. The way I understand it is using an example like this:
A house is listed for $...
Hao Dinh
Can Donor send gift for Down Payment at Closing table ?
Hello BP!!!I have a buyers that run into a little problem with down payment . I just found out they will get a big portion of down payment as a gift from their relative ( 50k). I have a few questions i hope you guys c...
Rachael Collins
wells fargo telling me that one day is the same as 30 days late
I am working on a refi for my primary residence. It's a rural property (20acres) and we bought it with private money. In providing mortgage payment verification to Wells Fargo they are telling me that checks dated on...
Natalie Kolodij
Step by Step: Seller Financing refinanced into FHA
Hey guys, Can someone please walk through the steps of this process? What to look out for, what are general can and can't do's for this? Can you generally refinance into a 3.5% FHA?Is there a typical set of year/terms...
Kahanu Noa
Home Equity Loan on Non-Owner-Occupied SFR Hawaii
Any recommendations on reputable lenders that does home equity loans or HELOC on a non-owner occupied SFR?LTV is currently at 63%. I would like to find a home equity loan or HELOC as opposed to a refi because rate i...
Aimee Tarte
Hard Money: Finding the best terms
Hi everyone! I currently own two rental properties, and a business that has an SBA loan that put liens on both of those properties. I am thinking of getting a hard money loan in order to pay off the SBA Business Loan ...
Steven Griffith
Minimum Timeline - Primary Residence to Investment Home
Hi All,
I'd appreciate any insight from someone knowledgeable regarding timelines for turning a house-hacked primary home into a full investment property.
Here's the situation:
I have identified a duplex in which t...