Buying a rental property for just eighty bucks? There’s no way that’s possible. How can you close on a rental for the same amount of money it takes to fill up a tank of gas? Surprisingly, one type of mortgage lets you...
So, you want to know how to rent your house out. Maybe you’re upsizing or downsizing, moving away for work, or just want to buy another primary residence and take advantage of low-money down loans. Whatever your reaso...
Alex Hall
What constitutes full time residency
What is the legal definition of full time residency once you’ve purchased a property under an FHA or conventional loan? Does it differ from bank to bank in regards to the conventional aspect? Would 178 days out of a y...
Manasseh Arnold
VA Loan: Mortgage Insurance benefits?
I recently was approved for my first ever 0% down VA home loan... When asking my lender about numbers I should include while doing property analysis. I asked about Mortgage insurance...In regards to the insurance ques...
Lenin Belangonda
Renting primary residence
HiI recently purchased second home with the intention of moving in. I got the loan for primary residence with 5% down. But only lived there for a month and had to move back to my older house and rented the new one. ...
Chase Metzger
Starting a Real Estate Portfolio
First I'm very thankful for any helpful advice. Location: Omaha, NEMy wife of 5 years and I have 3 young children and have lived in our mortgaged home for 4 years. We have a FHA loan and put down 3.5%. We purchased ...
Drew Poniewaz
FHA Mortgage
I have an FHA loan on my private residence. I would like to buy a new private residence and rent out my first house as a rental property. Is there anyway around the FHA loan and renting my original home? Can the FHA l...
Account Closed
FHA vs Conventional
I understand that you are only allowed to have one FHA mortgage open at a time, in order to prevent the use of FHA loans for investment properties. I also know that FHA loans are mainly meant for first time home bu...
Sean Lesser
Second property vs Investment property
I am new to investing in Florida and was wondering how to get around the increase in both Interest rates for an investment property in Florida as well as any advice for reducing Insurance premiums in Florida for Inves...
Calixto Urdiales
HUD & FHA Loan Programs and Grants!
Hello there everyone-
Not too sure if this qualifies as an announcement but I would like to let people know a little bit more about HUD (Housing and Urban Development) and FHA (Federal Housing Administration). HUD do...