Mark Malevskis
FHA Loan Question Regarding 75%
Hello all, I had a question about the FHA 3.5% down payment loan. To my understanding, for instance if it is a 4 unit property, to qualify for this loan, 3 of the 4 units must cover the entire mortgage. Does anyone kn...
Henry Lazerow
Rule Change: No longer allowed 5% down home possible - House Hack
Very bad news! Freddie Mac just sent out a bulletin announcing a rule change for Home Possible 5% down to now have a $67,000 income cap (chicago). Meaning if your income comes over this you can no longer do the loan. ...
Nicholas Wieczorek
First FHA what should I know?
Hello, I have a question on FHA loans. Im looking to get one for my first duplex/tri or quad whichever is best deal. I have a close personal friend willing to go in on the deal with me. Is this something I can do? Do ...
Greg Rosen
Advice on house hacking 1-4 units with FHA loan in NYC/NJ
Hello BiggerPockets Community,
TL;DR: Looking to house hack up to 4 units in NJ/NY using FHA loan + 203(k) rehab, can handle 3.5% down payment + closing costs on my own (+/- $100k-$150k)
I’m a new investor in my ear...
Evan Aagaard
Downpayment in a JV deal
When doing a JV deal where 2 parties are each paying half the downpayment but only one party is on title, what is the best way to arrange the funds to keep the lenders happy?
Alan Asriants
The FHA Self Sufficiency Test is not passing for almost all 3-4 unit properties
As an investor agent who started with House Hacking, I also help clients who are looking to get into the Real Estate game by House Hacking.House hacking is an awesome strategy that lets newer investors and homeowners ...
Stoudamire Davy
Proof of Funds Letters
Does my pof need to show enough cash for the full purchase price. i have funds but only enough for the down payment would that be enough to show ?
Orlando Goodon
HELP, I can't find financing for 4 unit 5% down. FHA SS fail
I found an AMAZING house with amazing views and 4 units, but the rents in the area are too low. On the bad side of town, similar units go for up to $1700. The house is in the best part of the area. Great quiet tree li...
Ryan Brown
FHA $1.25m Triplex in CA at 1.75% 30yr Fixed! First purchase!
Excited to share that I just closed on a newly remodeled Triplex as my first home purchase and 2 blocks from the beach! Passing the Self-sufficiency test on 3-4 unit properties with FHA financing is truly a nightmare....
Jeff Campbell
Investor made 42k on her first flip I wholesaled her
I sold a wholesale deal to one of my investors let’s call her Ida (haha because that’s her name) a deal in North Little Rock off of JFK a few months back. I always do a follow up call to see how it went and what wor...