Tyler Jordison
FHA Owner Occupied, when am I required to move in?
Hi All, If I use an FHA owner occupied loan to finance a 2, 3, or 4-plex property that has current renters and valid leases, when do I have to move in so that I do not violate the guidelines of the owner occupied loan...
Matt Devincenzo
Re-performing note files Ch 7
I hold several re-performing 2nds in my IRA which are serviced by FCI. This morning I got an email that a borrower that was modified ~2 years ago and has been paying since then on time ect, filed Ch7 on 12/23. I'm loo...
Brian McGuire
Can I use an FHA Loan for a Rental Property?
Me and my wife currently own a home under my VA Loan in PA. I would like to know if I or we could use an FHA Loan to purchase a rental multi family home in NJ that’s closer to my job while still keeping the current home?
Tim Porsche
Refinancing a Primary Residence Post-Flip
Hey All, got a quick question for you about a hypothetical situation. If you buy a house with a conventional mortgage, as your primary residence, and do a live in flip, then you go to refinance it after a year based o...
Account Closed
Flipping with a conventional loan restrictions?
Hi!I'm trying to get into flipping in the Las Vegas, NV area. To finance my first flip deal, I'm planning on using a conventional loan through my mortgage broker. I'm telling him that I'm buying the home as my primary...
Marc Dufour
Lender has to know it is my primary or investment property?
I am looking at the refi rates...and as you know investment properties are expensive to refinance. But....just a thought....is it possible to simple tell the bank it is my primary residence even though it is a rent...
Eric Drum
Second Home Mortgage or Investor Loan... Please help!
We are currently under contract for a home that we are intending to use a short term rental (located more than 150 miles away from our primary residence). We own other investment properties in our local market and hav...
Matt R.
Kansas City, Missouri proposes short-term rental regulations
All,The city of Kansas City, Missouri is proposing new short-term rental regulations, aimed at things like AirBnB. I made a post about it in the short-term rental forum; look there for more details.I don't have any r...
Michael Gordon
If I Assume an FHA Loan do I have to live in the property?
Hi everyone,
I'm new to Real Estate investing and wanted to know: If I buy a property that has an assumable FHA loan, do I have to live in the property if I assume the loan?
Ray Egan
30 year mortgage where I don’t have to stay a year in the house
After using Wells Fargo for my last two properties that I’ve successfully sold for a profit, using conventional loans, it is taken me almost a week to get from the same person I’ve been talking to for the last two hou...