Hi guys, I have primary residence mortgage $272,402.50 remaining at 3.625% with 24 years left and a rental unit with $260,997.99 remaining mortgage at 4% and 23 years left.
I'm thinking of taking a cash out refinance...
Hello BP Community,I recently purchased a single family property with a conventional loan that I'm currently developing (In the planning stage) into a 3-4 unit property. I'm trying to decide if I should fund the renov...
I've recently had an offer excepted on a duplex in southeastern Michigan that I intended on starting my first house hack in after obtaining an FHA loan. The appraisal just came back and the underwriters refuse to app...
Hello everyone,
I am a fairly new investor and recently I bought a duplex in Cleveland (44111) and Brooklyn (44144). I have been under since the day I bought (going on two years now.) I am struggling with keeping the...
I have an applicant that had an eviction come back on his background check.
When called he stated that it had to be a mistake. My spider sense tells me he is being less than truthful but I’m not 100% sure.
I h...
My wife and I are considering purchasing 2 unit mutifamily home, probably a duplex in the northern NJ area with FHA 203K loan. We'd live in one unit and rent the other one out, can we use the income from that 2nd unit...
Hello all, my question involves the number on a multi family property and how to go about calculating them if you live in one of the units. Im confused and I want to talk out load to see if this makes sense or if anyo...
I get this question pretty regularly from clients so I figured I'd document my answer here to refer back to. Full disclosure, I am not an Attorney or CPA so I recommend you consult with yours however this is what I ca...
So I have a relative that has a 4 unit multifamily apartment complex (Located in a bad area, a lot of graffiti and gang involvement on this street). They have owned it 30+ years. They had the same tenants pretty much ...
I'm looking to buy a 2-4 plex using FHA in Chicago to house hack soon and start a career investing in real estate. I like the buy-and-hold multi-unit strategy (for now); that means I'll be buying more units in the fut...