Megan Broom
FHA Loan vs. 5% Down Conventional for House Hacking
Hi everyone!
I am seeing that FHA has been commonly associated with house hacking. Is this simply for the lowest down payment possible? Would you still have to live in the property for a year with a 5% down conventio...
Hannah Costello
Cash Out Refinance Requirements
Hello, my partner and I are curious about the requirements that lender's request to do a cash out refi an investment property into another investment loan. Do they require things like proof of cash reserves, credit, e...
Matthew Roder
House Hacking - Financing Alternative to FHA
I was just listening to podcast #210, where a couple of different newbie investors shared their house hacking success stories. I wanted to share some knowledge in regards to financing a deal like this. Conventional ...
Jacob Camilliere
Closing Costs Question
So i am in the process of buying my first investment property and was quite shocked at how high the closing costs are when i got the official numbers. is there any negotiating with the lenders on any aspects of the cl...
Dustin Moon
Should I stay or should I go now
So I bought my first house for $605k at 6.4% with a conventional loan 5% down. I pay $4100/mo not including utilities. 1 year appreciation according to all 3 real estate websites zillow, redfin, and realtor.com, my ho...
Mahad Omar
Low money down Sharia compliant loans?
Hello all! I've been calling up different lenders past few weeks across multiple states to find shariah compliant loans under 20% to house hack a multifamily property, and it's practically impossible. Seeing that I'm ...
Precious Thompson
Finding a Great Deal
What are some other ways can I find a GREAT deal other than looking on the MLS?
Steve Sauro
Help understanding Mortgage broker fees in Delaware?
Hello - I have a lender I've used for 4 deals in MD. He is creative which helps me. I just put an offer in and it was accepted in DE. I thought my lender was licensed in DE but that will not happen until 1.1.22 He...
Colbi Ight
Refinance rates and fees
I recently got a quote for a rental home refinance that I own free and clear. It brings in $1350 a month appraisal at 155k to 165k. The 2 rate options were 6.9% plus $5,470 in fees 30 day close 75% appraised value and...
Marvin Z.
Buy cash then refinance into conventional?
Some lead sources I'm working with throw out deals that require all cash. I like some of these deals and want to participate. I have the cash to purchase but ultimately I would rather use leverage so I keep as much of...