Henry Lazerow
How is DTI calculated for noo investment properties conventional?
Curious exactly how does DTI come into play when buying a non owner occupied investment property with conventional mortgages. From my understanding if 75% of rents cashflow over PITI it actually improves you DTI for a...
Tina Swanson
Conventional loan on rental property purchased by SDIRA LLC?
Hello, Since a rental property purchased by the SDIRA LLC cannot be owner occupied, can you still get a conventional or FHA loan on it? Or does it have to be a commercial loan?
John Teabout
Strategy for cashing out investment property with conventional mortgage
My wife bought a condo for 178K with a conventional mortgage (10% down, 4.25% APR) in 2019 before we were married. Then I bought a bigger condo for our primary residence in 2022 for 275k with a conventional mortgage (...
Jerry Padilla
A Two Year History Isn't Required For Conventional Financing.
I have read several times that investors think that they are unable to utilize rental income if they don't have a two year history and I just wanted to clarify. If a conventional lender is able to choose to just use F...
Nick Cooper
Purchase long term with conventional 20% or less down
I’m looking to purchase my second long term rental and I’m wanting to know if 20% down would be possible with an investment property as I’ve been told 25% is minimum.
David K.
Conventional Mortgage is about to end - what is next?
So I have been very busy this year (my first year) and have acquired a few investment properties, and a few more are in works...If this continues, and I expect it to be the case, I shall exhaust my conventional 10 loa...
Travis Reed
Is interest rate on a conventional loan at 7.6%?
I do not know much about lenders and brokers and how much rates vary between them. I called my local lender brokerage here in town and I asked what the going interest rate was for a conventional loan for a duplex (not...
Megan Broom
FHA Loan vs. 5% Down Conventional for House Hacking
Hi everyone!
I am seeing that FHA has been commonly associated with house hacking. Is this simply for the lowest down payment possible? Would you still have to live in the property for a year with a 5% down conventio...
Manuel Savorelli
How important is income on tax returns for conventional loans?
Could you get approved for a conventional commercial loan for a small apt property if you only had roughly 20k on your tax returns but have an excellent credit score, $0 debt, real estate owned free and clear, and cas...
Nicole C.
Best option private /hard money lender or conventional for flip
Soooooo
I'm wonder what you folks feel is the best option for flipping.... What do you use. Let's say you have capital for down payment for both and good credit scenario
A. Conventional loan with no prepayment pena...