Hi, I am looking for some advice on which type of loan I should get for my next rental investment. I currently only have one rental which I got using an FHA(duplex) theres some equity in it I want to tap into. I have ...
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...
Instead of refinancing to remove my PMI, could I simply get my home reappraised and use that to show PMI is no longer needed without losing my current interest rate on my mortgage? My current rate is too good to refin...
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...
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...
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...
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 name is Soren and I currently live in Dallas, TX. Two partners and I are looking to make our first investment in a multifamily rental unit. We are all around 2 years out of college. I work in corporate financ...