Daniel Qin
Financing options for the second house
Hello everyone, apologies if this has been asked before, but based on my research, for 2-4 units house, I don’t see any good financing products that have down payment requirement as low as FHA. That’s a problem if I’m...
Dennis O'Loughlin
To use equity or wait for Brrr
We need some good advice please. We have a sfr we paid cash for and is worth more than when we bought it. We have a great house we'd love to get but we cannot quite get the down and closing costs right now. If we w...
Mike Romano
VA loan Offer
Hello,
We've received an offer on our flip, and it's a VA loan offer, which is a bit new for us. The buyers seem really keen on the property, but the offer isn't as strong as we'd hoped. They're offering the full ask...
Maurice Boston
First Multifamily Property Concerns
Good evening everybody,
I am new to the Hampton Roads area and I am purchasing my first multifamily property in the area. I do own one rental property so I am an amateur at best in the real estate field. The current ...
Sam Clemons
Do these closing costs seem high?
The total loan is 135k for a 180k property. The loan originating fee of 3.4k seems high. My closing costs are almost 9%. Does this seem normal?
A. Origination Charges$3,412.5001 % of Loan Amount (Points...
Robert Obniski
Buying As-Is - Then Negotiating the deal.
I don't know where I heard this quote but it stuck with me...Besides the laws of nature..Everything is negotiable in life.Which brings me to my question...I have a condo under contract that was a foreclosure and it is...
Sue Benzuly
Cash-Out Refi Rhode Island
Have equity that I would like to pull out of my rental property. Quotes rates of 6.76-7.25.
The lower rates are ARM and will give me 80% LTV. The higher rate is conventional at 70% LTV, estimated closing costs arou...
Danren Jones
Negotiating after home inspection
Hey BP family, I have my first triplex under contract and we’re going to closing soon. Yesterday I went through the home inspection and a few things were found. There is a sub roof for a kitchen that needs to be repla...
Account Closed
BRRRR Questions on Financing
Hello BP, I am currently reading David Greene's BRRRR book and had a couple of questions. In Chapter 9 - "The Value in Financing", there is a section discussing Conventional financing. He writes that for an investment...
Amy Summer
Conventional Renovation Loan vs. other rehab finance options
Hello! First-time homebuyer here. I recently came across the Fannie mae home style loan, which I understand is a conventional renovation mortgage. I want to know what is the benefit to obtaining a property under this...