Nick Gray
Is an FHA Loan's MIP Tax Deductible?
I have a 4-unit MFR under contract and I am comparing financing options for down payments of 10% and below. Not surprisingly, banks are pitching me hard on the FHA loan, which would carry a 1.75% upfront MIP rolled in...
Fernando H.
*INVESTING QUESTION* Rent long term VS Selling.
Hi BP members! Thank you in advance for any inputs.I am the owner of 3 rental properties and I'm debating on what my next investment strategy moves should be. I'm fairly new in real estate investing and I been leaning...
Jared Schweiss
5% Down Owner Occupied Quadplex
Hi All,I am looking to get into my first house hack. It is a 4 unit that needs a lot of cosmetic upgrades. I wanted to go with an FHA loan, but due to the self sufficiency test, the current rental rates do not pass th...
Kevin Gomes
Lendor policy about conventional low down payment
Hey Bigger Pockets,I have a question about Conventional Loans. My Mortgage lender has told me that if I want to take a out a loan that is less than 12% I need a 6 month reserve of property taxes and mortgage? Can anyo...
Matt Wells
3 projects simultaneously. 20% Down 30yr Loan, Flip and BRRRR?
What are your thoughts about having 3 projects simultaneously to scale quickly to reach the 10 loan limit on conventional loans. Then adjust the plan to scale commercially from there? I am thinking this: Buy homes wit...
Jacklin Jackson
Question Regarding Qualifiable DTI
Help needed. I am working on securing my 4th investment property. I've recently completed an cash out refi on mine primary home. To date my only debts (in my name) are my properties, student loans and a few credit ca...
Heath Dunn
Owner occupied duplex trying to buy another with 5% down
I have an owner occupied duplex, I am trying to buy another duplex that I will owner occupy. Can I finance it with 5% down? I have been told conflicting things. Help.
Justin Naoe
Restored Craftsman in LA's neighborhood, Highland Park
Investment Info:
Single-family residence fix & flip investment in Los Angeles.
Purchase price: $700,000
Cash invested: $239,000
Sale price: $1,150,000
Purchased, restored, and sold. Held long...
Sharif Refaie
Multiple Offers on flip should i take a similar offer VA or FHA
So i just completed a flip i acquired 9/28. PP=105K, Rehab=49K, ARV=approx 210K asking price -$208,900
I have gotten some offers that i am willing to accept
Offer 1- FHA Offer price 208,900 with 1000 credit and 500 ...
Jessica Thomas
Which loan? 97 conventional or 96.5 fha?
I'm looking into purchasing a single family home in the mid 300s range. Income is more than fine, debt to income is 5%, only issue is credit is only 650. All the lenders I've talked to keep pushing FHA but I'm afraid ...