Say I use an FHA loan to buy a multi-family home (4 units), and I live in one of the units for a whole year, as required by the FHA.
Am I allowed to rent out the other units while I'm living there, or do I have to fi...
I am looking into completely switching careers and becoming a mortgage loan officer. Since I’m brand new, I have no experience besides the research I’ve done on my own. My fiancé and I are just starting our real estat...
Happy holidays and New Years everyone!
Is anyone here familiar with C-Loans, Inc? Does anyone have commercial real estate lender connections in the Midwest area of Illinois?
Hi Everyone,I was driving to work this morning listening to the new podcast. They were talking about if one bank denied you, then go to the next and so on and so on. I am a newbie, trying to figure out my options for ...
I plan on purchasing my first home within the next 9-12 months, so when is a good time to get a loan pre-approval? If I get a pre-approval in one month, is it too soon? I want to start the house-buying process early, ...
I am fairly new to real estate (only 14 years old) and I was heard (from some people in the BP community) that i can (when older) can use an FHA loan and rent it out I can live for free. However while doing further re...
As the title says, Im looking to find out if applying to multiple mortgage lenders will have a big impact on my credit score? From my understanding it seems like its ok to apply for multiple preapprovals with differen...
Has anyone heard of or had success with the FHA 203 loan? A mortgage advisor stated this is one of the best loans for newbies such as myself to get in on when starting in investing. I googled some of the information, ...
I currently have a multi-unit appraised at 255K, with a balance of 174K. Good cash flow, monthly mortgage and expenses 1600, monthly rental income 3300. I have a full time job and make 6 figures, little expenses, good...
Hi,My business partner and I are getting ready to cash out refinance one of our rental properties. I'm new to DSCR loans and I was wondering if anyone would be able to help? The property is a SFR. How long of a proces...