We’re looking to trade up from 1 door to ideally 20 doors and purchase a MF commercial building. On Brandon’s post building $1M net worth, he used 20% for the down payment. I’ve spoken with a commercial lender and com...

Are conventional loans the same as FHA in that you have to owner occupy for a year before you decide to sell?

Hi all.
I have a house up for sale and have three offers on it right now. Good situation to be in but also tricky decision to me. I have a concurrent offer which is low on the list. My dilemma is between a cash offer ...

Side note: I hope this doesn't violate BP's TOS. Does this post qualify as a lender request? If so, I'll take it down.Hello everyone, long-time lurker here on BiggerPockets. I've learned a huge amount from these foru...

Hey BP Community, hope everyone is staying warm during these cold winter days. I on the path of looking for my 1st investment properties and I am planning on going with conventional financing for the 1st property.

I ...

I think it was JScott who only sells his rehabs to those who qualified for conventional financing and not FHA. It was my understanding that he did/does this to avoid FHA's 3 month seasoning.

I could've misund...

I am working on a non-conventional duplex. Monthly income is $2300. I typically set aside 10% for each vacancy, prop mgmt, and repairs/cap ex. What would be more reasonable amounts to use?The one side, the largest amo...

Hey all, what are the general requirements for a Conventional 97 loan?  I believe it's through Fannie Mae.  I'm a first-time home buyer and I know these loans are intended for single-home residential properties, in wh...

I’m a 21 year old male trying to acquire 4 different rental properties from one of my fathers friends. He’ll let them all for go for a total of $175,000. Total rental income it brings is $3150/mo. I’ve never bought a ...

Hi,I was very curious to know if anyone has anymore details on this type of loan.I was hoping to get out of my FHA to then be able to use it for a MFR should a good deal present itself, however, I have read that the h...