I have a rental property in another state. I have excellent long term renters that pay 1000 per month. I pay biweekly and more than loan principle at 1200. The loan is FHA at 5.875. I know I have net negative cash...
I’ve lived in my primary residence for 3yrs and in the process of renting it out. Will FHA allow me to get landlords insurance or will I need to refi to a conventional loan?
I've narrowed down my locations to the Thornton & Westminster area of Colorado for rent by the room (RBTR) SFH's. Does anyone here actively invest in these types of properties with the RBTR strategy in Colorado or...
Hi BP,I recently met with the mortgage broker I used to finance my duplex with an FHA loan and asked if I qualified for another FHA because I just got married and also have a step daughter now. He said he thought they...
Dear fellow investors,Need some help with this one....I just spoke with my mortgage broker regarding financing terms for a fourplex which I plan to occupy (as the owner). It was my hope that I could acquire the proper...
Investment Info:
Single-family residence buy & hold investment in Tacoma.
Purchase price: $490,000
Cash invested: $30,000
This was my second house hack and first property in Wa state. This fit my...
Hi! I am looking to buy a 2-3 unit multifamily in Southern California. Is it realistic to plan to put 3.5% down with an FHA loan? I'm aware of 0% down programs like NACA, but I do not qualify since I already own. I wo...
Hi Everyone,I've been researching home renovation loans (FHA 203K and Fannie Mae Homestyle Renovation Loan [which I recently discovered]) for my first, owner-occupied property in Los Angeles and wanted to know which h...
Pro and Con of financing with FHA for newbies2-4 units class B/C and area?, two partners?.
about to close on a loan.
Do these closing costs look average?
246k 30 year fixed 4.125% (getting a $5800 credit for taking a higher rate)
Origination charge, $1,025
appraisal fee 380 (and i had to pay the appraisa...