Amil Muminovic
New Investor Looking for Advice in a Competitive Market
Hello, my name is Amil. This is my second post in the "Starting Out" Forum so I will keep it short and sweet. I am 25 years old and from New Jersey. I have a W2 job as a Project Engineer and I have a background in Con...
Robert Richardson
Getting PMI removed
What’s the process of getting PMI removed if I now have 20% in equity? Who I contact first?
Juan Pichardo
My crazy idea-Need Input
Of the bat I’m a newbie, I been wanting to start in real estate for years but for some reason I haven’t. I set a goal for myself that in 5 years I want to be able to quit my well paying job if I want to( not that I wi...
Sam LoCascio
First time loan recommendations? - Nashville, TN
Hey there! I need help!I'm a first time buyer (Nashville, TN) looking at financing and wanted to get some unbiased input! I've got about 12k in reserves, good credit, and a steady job. I'm getting ready to do my firs...
Account Closed
Refinance Rental Property Advice
Hello,I would like to refinance one of my rental house and was wondering what the banks typically look for? I assume it is different then refinancing your primary residence. It originally was my primary home but mov...
Nicholas Martinez
FHA vs Conventional for House Hacking then Renting Out After 1 yr
I am looking to do my first deal in the next year to start my REI career. I am planning to purchase a single-family home to house hack for a year then move into a 2nd property while renting out the 1st. My questions ...
Michael Elder
Refinance advice on FHA loan
I purchased a home in the space coast area of Florida last Feb with an FHA loan at 2.75% interest rate. The value in that time has risen from 200k up to about 270k-300k. We are now trying to refinance out of the FHA l...
Jeff Cliff
Cashout on primary, HELOC or homestyle renovation for rental fix?
Hello,
I am trying to evaluate different options to rehab a rental property.
1) I can do cash out on primary and use the proceeds to fix the rental and rent it out
2) Take out HELOC on primary and use the procee...
Richard Roberts
Do lenders get greater incentives for certain types of loans?
I spoke with a Quicken Loan lender just to get a quick estimate of what kind of price range I was looking at for my first REI (also first home purchase). The lender stated that the best route for me was an FHA loan. W...
James T.
Financing & rates for small multifamily
Hi BP,I'm in the LA area looking for my first property and plan to house hack a small multifamily. I'm curious to hear what others have seen as far as financing for 2-4 units? When I got pre-qualified for a loan, whe...