William Kwong
BRRRR: Refinance From 203K Loan - LTV 90% Cash-Out Refi Inquiry
Hi BP,Question for you BRRR loving people - My renovation on my first house-hack for my multi will be completed in the upcoming months. I used a 203K loan to fund the renovation.$454,000 - Purchase Price$124,000 - Ren...
Sachin Bhat
Bank changed their terms after getting an appraisal
Hello bp family,
I have a duplex that is completely rehabbed and ready for rental, I wanted to take my equity out so I can purchase more rentals. So, I contacted one of the private bank and they gave me their terms. ...
Jeremy Lerner
New Member from Colorado
Hello Bigger Pockets Community,My name is Jeremy and I live in Colorado a currently booming housing market. Is this sustainable did i miss the boat on investment opportunities? I am not sure, but I am interested in bu...
Shaniqua Dupree
Strategy for financing my first deal.
Ok so i just finished speaking with a hard money lender and was told that they would fund my rehab of 50k. With 3k down. They will actually give me 90% of 130k (ARV) but i do but need it all. Ill have to pay it back i...
Toan Pham
Another Partnership Structuring Question
My friend and I are planning on investing in a SFR rental property in Houston and are unsure the best route to take in regards to structuring the partnership. I've gone through forums and other online resources but st...
Hossam Elaskalani
Question about Pre-Approval Process for Non-QM Lenders
Hello, I am in the process of getting a pre-approval before I start my hunt for my first rental property. My mortgage broker is pushing the idea of a non-QM lender being the one who funds this deal. My broker says I c...
Brittany Fife
Financing for an fha property- third house
I have a single family with no mortgage but has a heloc. I also have a duplex with a conventional mortgage that I live in. I was talking to a lender about buying a four unit and he said I can’t use fha for it. He said...
Aaron Kuhl
Commercial real estate investment loan vs conventional mortgage
My wife and I are looking at purchasing our first investment home to use as a short term rental as we live in a high tourist area and know several people that have been successful in this. We have been looking into se...
Stephen Underhill
first property questions and FHA changes
hello everyone,
first off, thank you for taking a minute to read my post and i appreciate any suggestions you choose to offer. This is my first actual post to BP! so to start off and briefly describe my situa...
Patty C.
203(K) or conventional loan
If you exercised the option to Renovate using a 203(K) loan ORPurchase with a conventional loan, use your own money to renovate, and then refinance the money out after rehabbingHow did it turn out?What advice do you h...