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Hi all,
I have a question to bounce off the community. Does anybody have experience getting an FHA loan for 2nd property while having conventional loan in place on 1st property? I would like to rent out my SFH that i...
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Just received this from one of my mortgage contacts, thought I'd share:The Federal Housing Administration's (FHA) Office of Single Family Housing announced that "the temporary waiver of FHA's regulation that prohibits...
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Hi all,Does anyone know if you are allowed to finance the construction of a 4 Plex using an FHA loan and then use your own funds to build out the basement into an additional unit or two?? This would mean that the FHA ...
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Hi Everyone!My name is David from Los Angeles. I just turned 22 years old in July. I was originally born in New York, but raised in California. I'd love to connect with some of you in this community. That is why I upg...
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My business partner and I have collected a few residential rental properties (2-4 units) in the Indianapolis area and we are now looking to move up into commercial multifamily properties. Our strategy is to acquire th...
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Can I finance (roll in) FHA 203k rehab loan closing costs into my loan?One lender says NO! I called elsewhere to get a second opinion and that lender said YES! What a mess. I have no idea and I'm looking everywhere o...
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I own and occupy a 2-family house in MA which I purchased and financed with an FHA loan in October of 2013. This was my first of hopefully many real estate acquisitions.
Keeping the details short - the apartm...
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I guess my situation could be worse, but I have a great multifamily under contract which very conservatively needs about $20k worth of work to be 'nicely' fixed up- new stucco, paint, carpet, updating bathrooms and ki...
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I have a single family with no mortgage but has a heloc. I also have a duplex with a conventional mortgage that I live in. I was talking to a lender about buying a four unit and he said I can’t use fha for it. He said...
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IE-FHA 203B with Repair Escrow financing availability is subject to buyer's appraisal. Can someone explain what this means? There is a Hud home listed for $6100. And should a 203K streamline be done instead? Ive heard...