Has anyone used a "203k FHA construction loan"? I am curious to know how it works and what the rate is relative to the typical FHA-conforming loans.
Any success stories combining the BRRRR method and Airbnb? This is a topic I do not see discussed here very often. I have two Airbnb properties that cash flow phenomenally. More than double what a long term tenant wou...
Hello everyone!
I am considering using a HELOC for a down payment on my first investment and I wanted to get everyone’s opinion on this strategy and if it’s a good strategy or not? Thank you!
I recently purchased my first building, a 4 unit that I live in, in Chicago with a Fannie loan at 5% down. A part of the building is going through a renovation and that triggered some old mental health issues with a m...
I already have 11 houses, i.e. 11 loans. All in California. And according to my loan agent, that’s the most one can borrow. Even if I apply for more loans, and even if my income is enough, it will not be approved. Wha...
I have a mortgage loan for 703K at 2.875 interest (7/1 ARM, still 6 more years left) - I am paying $2988 I have HELOC for 90K at 5.25 variable rate, i am paying $370 per month (interest only)I have two options now 1. ...
I personally own six rental properties in which I pay a total of $3720 in mortgage payments. One property worth 140,000 is paid off in full. I also own a five Plex which I owe 40,000 and is worth 300,000. My question ...
Hi All,I have a buddy that just got out of the military and we plan on partnering up to do a house hack deal in San Jose. We were thinking about getting a duplex, renting one side out, and airbnb'ing the other side. ...
My partner and I purchased a single family home through our LLC (commercial loan) in October of 2020. At that time, we paid $55k for the home and it appraised for $72k. Since then the market has increased and we put s...
Let's say before I purchase any house, I have a combined DTI with my wife of 13% (Assuming gross income is used to calculate DTI). Let's say we use our combined income to then purchase a property we will live in and N...