Let's just say the home appraises for 200k. Will they approve a loan for someone buying at 210? How about 250k if they put more money down? I know there are lot's of factors involved, and it depends on the lender. But...
Hi all,I would really appreciate any input on this. We had a short term lease with a woman who is living in our carriage house, the lease is written that the term is a 3 month lease, with automatic renewal for up to ...
Hi all,I've started a thread and asked several investors, but nobody seems willing to answer a simple question. It felt like the local investors I met were guarding a trade secret. I'm hoping somebody will take a minu...
My husband I and purchased our first rental at the end of May. We are wrapping up the renovation and are putting it on the market in the next week. What guidelines/qualifications do you use when considering tenants? i...
Does anyone know where to find history of sale info for properties in Waukesha county? A handful of other surrounding counties (Dodge, Jefferson, Washington) have history of sale info within the tax records search web...
Hi all... We have bought all of our rental propertes with conventional loans and now have a more difficult time getting loans due to the fact that we have so many mortgages in our name. The lender we use has pushed a...
I was reviewing a document online here and it talks about how the newest version of the FICO score factors in rent payments into a person's credit history. From what I can see this new version of the FICO score was r...
Struggled with the title. Like the title says I was pre-approved for a $235k FHA loan without a property in mind. Theoretically, I find a duplex worth say $280k, with a tenant in one side paying rent. I go back to the...
I am looking to invest in my first property, and I was looking to buy a multifamily to house hack. I am having trouble with getting an FHA loan because I do not have a 2-year work history. I just started working at my...
How to score that loan I need to get started with only 6 months of work history what avenues do I take, agent first or what any info would be great