Hi everyone,I am looking to buy a 38 family, and heard that FHA does loans purchases such as this. If anyone has any knowledge of the requirements to meet FHA requirements. thanks Jafry
Could a person be prequalified based on there DTI without having there credit pulled? If I were to have my credit pulled, wouldn't it be logical for me to go through the entire application process of getting preappro...
1.0 IntroductionI really enjoy reading other investors' diaries of their stories. I always learn a thing or two from what they did right and what they did wrong. It is also what led to my first diary on BP - I want to...
Hello,
I am ready to buy my first rental property but when i tried applying for a loan they said i wouldnt qualify due to being a 1099 contractor for only a year(I was w2 for the 6years before i started my own ventur...
I'm going on my first year in the industry and I've learned a plethora of strategies as well as bad habits. I wanted to see what the investing community felt about their relationships with their lending institutions.
Hello everyone,I saw an AD that was in my email with Biggerpockets (Finance Of America) I called and got a rep when we asked for his NMLS# he told me that he is an employee of FACo Umbrella Commercial Lending N.O.O an...
Hi everyone. We have a sfh (former primary residence) grossing $425/month and with over $140k equity (15 years in possession) and I am finding multi family homes in same area for slightly higher monthly cash flow with...
It has been over a year since I have gotten a loan. Are there ANY stated programs left? For investment properties?
If so what are the guidelines and ballpark rates?
Thanks everyone.
I’m interested to hear how others decide what terms to offer on an owner financing deal. Specifically I am wanting to talk to sellers and present them with terms I am willing to pay for their property. I understand th...
I don’t understand some of the terminology that I read on here.