I am considering buying a beach house with a USDA loan and living in it for a year. Can I rent it out after I live in it for year (or less)? I am finding conflicting information online.
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Hello BP community. Long time lurker but now am ready to get in the game. I have a couple of questions about dscr loans. What ive gathered- ratio of 1.2 or higher, 25% down, need around 6 months piti left over in bank...
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Hello All ,Firstly , Happy new year to you all ..Very New to investing so have some basic questions and they may be silly but would like some inputs from you all so I get into investing in 2019 When investing out of s...
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I went to an owner finance seminar in Texas. I was told I needed a loan originator to qualify the prospective buyer for a loan even though my LLC owns the house free and clear. I was also told I needed a disbursement ...
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Just curious as to what others approach has been, have you asked if seller is interested in financing right off the bat or wait until you've begun negotiations?
I have 50k cash I can put into a deal which isn't that...
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Ok BP mortgage people, I have a buyer for my 2 family, the mortgage is assumable at 5% with a balance of $114k with 18 yrs left on it. I am asking $289k...my question is, how does the buyer make up the balance ? Is th...
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I'm in the market to acquire a 10-unit apartment building with a purchase price of $950,000. I find myself in need of a loan or lender who can provide a 25/30-year amortization with a fixed rate for the entire term or...
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Hey guys, forgive me because I didn’t search too much in advance. I’m at work and browsed as much as I could on my lunch break but to no avail…
I’m buying a Fannie Mae Homepath house and getting the Homepath ...
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This is the first deal that I'm considering. It is a 4-Plex - each unit approx 550-600 SF each; total of 2500 SF. The metrics seem to be in the range I've learned about, but it's my first deal and I'd sure appreciate ...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $127,000
Cash invested: $3,000
Bought this house with a VA loan and no downpayment. Lived in for one year and now r...