Chris Huang
Looking to purchase second property, need advice on different loan/financing options
Hello! I am looking for some advice here. I currently have a MF in Massachusetts and I am ready to purchase my second property (SFH). Ideally, I'd like to rent the multi family unit I own, while living in the SFH. Wha...
Samuel Mitchell
primary residence duplex financing
Location: Roanoke, VA
I am needing a contact/advice on lending options for duplex investment property (only 2 doors). I was working with a local bank, whom was offering a conventional loan but required %25 down paym...
Mohamed Farih
Possible second loan options that doesn't need 20 percent
Hello I bought a home a year ago in NJ using an FHA loan and it has been great. Now this upcoming year I want to buy another home in hopefully a better area and help move my family with me now. Unfortunately, the on...
Matthew Schiefer
DSCR Financing Recommendations
Hello all,
I just purchased a duplex and will close in a few weeks. I used traditional financing (30 year fixed) on that deal. There are so many more deals out there. I am looking for recommendations and help with D...
Account Closed
Cons of Hard Money Lending for 1st Property
I'm new to BP and to REI, but I'm ready to make my first purchase. As I've been hunting for the right duplex-fourplex, I've gotten as far as applying for a deal I'd found, only to find out my credit wasn't sufficient....
Gilberto Guel
Finding a Duplex or Triplex
Hey BP members, I am starting out and would like to buy my first home within the next year. I would like to buy a duplex or triplex with a FHA or USDA loan because of the low down payment options that they provide. I ...
Wayne Renbjor
Looking for guidance for my parents
My Mom inherited a property in South America. She is going to sell it in May 2022 and all said and done will end up with about 200k in her US bank. My parents have rented for over 20 years and never bought a home. The...
Jacob Tracy
Newbie investing in Phoenix AZ
Good evening all!
My wife and I are first time investors looking to invest in a multi family home in Phoenix! We will be using a VA loan to do so in July and we have been surfing the market for the past 6 months or s...
Ian Viray
First Time Investor - Condo or Multi-family?
Hello,So I currently live in San Diego, CA and I'm looking into investing in real estate. I have two options right now: first option, I can afford to buy a condo this summer with at least a 5% down payment and I plan ...
Chi Sastry
Finance Options to buy a 4-plex
Hi BP-
buying my 3rd multi-unit property.
I’m putting a contract on a 4plex
I’d like to understand which financing option is better:Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus ...