Vince Leydet
Has anyone had any experience with assuming a VA mortgage??
I was wondering if anyone has ever bought a property through a VA assumable mortgage? I have the opportunity to purchase a decent 3 family with a lot of potential, but I have never used this method of purchase in the ...
Scott Kelley
Downpayment
Hi all, I'm trying to make a decision about a downpayment on a downpayment for a 4 plex and I'm hoping to get some input.The property is $33000 and looks like it'll cashflow $1700/month. Downpayment at 25% is $82500....
Alysha Pederson
Accept Pets or Too Risky?
Hello BP, My name is Alysha and I have a property in Littleton CO. I recently posted asking about pet fees/ deposits, but I am starting to wonder if accepting pets in general is simply too risky? How many of you do or...
Louis Jeffries
Why Use Commercial Funding for 1-4 Residential Income Properties?
Many Investors choose to purchase or refinance their residential 1 to 4 unit properties with traditional conventional financing that conform to Fannie Mae or Freddie Mac Guidelines. Generally rates and closing costs a...
Jamie Montpellier
Can you impose a rental agreement on your new tenants?
Hello everyone,I am considering purchasing a MFU 4plex with current tenants in 3 of the 4 units that have been in the property for some time. The rents are BELOW market value and NONE of them have written long term le...
Hament Raju Mahajan
Business Purpose Loan for a owner occupied SFR collateral in California
Is a business purpose loan which is secured by borrowers primary residence similar to a business purpose loan secured by a investment property?
Are there any special criteria which the lender has to meet for...
Michelle Marty
Rental applications
I am using a leasing agent to get one of my properties in another state rented. This is the first time I've used an agent. In the application process she asks for an application fee to do a credit check and rental his...
Rick Howell
Follow the Money Trail: Financing Solutions
One of the most common complaints in the investing world is the difficulty in finding financing. Savvy investors have options outside traditional channels. If you know your personal investment style and goals, you can...
Shera Gregory
Rent deposit for house owned in my SDIRA
I have a checkbook control Roth IRA in which I recently purchased a small single family home for long term rentals. For my non-IRA rentals I have a separate savings account to hold all the rental deposits since yo...
Damon J.
Structuring mortgages around 4 property rule
Hopefully you can help me undertstand something in regards to the 4 unit rule. Here is my scenario:
1) Primary Home - $300K mortgage
2) Investment Home - $100k mortgage
3) Investment Home - $100k mortgage
4) Investme...