This is NOT news I wanted to hear, but it is what it is . . . That is a Nasty uptick.
Delinquent FHA Mortgages Soar By Record 60% To All Time High
As a reminder, "mortgages that are in forbearance and have not misse...
Hello everyone, I'm trying to figure out what the best financial decision would be for refinancing / renting out our home and was hoping someone can help with some advice.My wife and I are purchased a townhouse in Aug...
Hi All,
I am interesting in purchasing a multifamily property with an FHA loan. I've seen multiple requirements from different websites. The one that I'm concerned about is "2 years of employment" or "2 years...
I MUST move. Emergency situation. Needs 2 b in a year. 18 months tops. I have a primary and a rental. Pretty much broke. My plan is to pull $ out the rental and refinance it into a conventional. And refinance my prim...
Hey everyone,I have a few questions, hoping someone can answer. I've been looking into refinancing my primary home to remove the PMI on my FHA loan. Can someone let me know if this is still possible, even with the ris...
HI,
I am looking to buy a 4plex and it costs about $1.57M. I am planning to live in one unit and rent out the other 3 unit. The other 3 units are rented out and rental income is $5400 per month combining the 3 units...
I currently have one property SF home looking to turn it into an MTR, also looking into buying multi family owner occ in the local area. what is some good advice to pursue this? I'm pre approved for a fha loan. My cur...
I am having an extremely hard time finding a single deal that will work with the 50% rule using an FHA loan. In almost every case the cash flow is negative with a few around break even. This is using list price and ex...
1% rule =desired rent89,9000.01899Des Moines, IA 50316price 89,900closing co 2500monhrent 1,200.00repairs5000total cost98600 Loans price 89,900Down % |downpay3146.53.50%FHAtotal loan86,754 Money Needed =$11,...
Hello,My first deal was creative - my dad sold me a triplex for $1. But now I have a private loan with him to pay it off over 10 years.Would banks see this loan as a mortgage? Would I be able to get a HELOC?The detail...